Market Overview

Oppenheimer's Top Stock Picks For December

Share:
Oppenheimer's Top Stock Picks For December
Related HD
The Home Depot Of Cannabis: How GrowGeneration Pitched Itself To A Room Of Investors
Port Report: China And U.S. Trade War Aside, Port Tampa Bay Looks To Asia For Growth
Home Depot Pros And Cons (Seeking Alpha)
Related JACK
31 Stocks Moving In Thursday's Pre-Market Session
11 Stocks To Watch For February 21, 2019
Jack In The Box declares $0.40 dividend (Seeking Alpha)

As we enter the last month of the year, a look back shows fairly strong performances by the equity markets. The Dow Industrials Average is at a record high and is closing in on another psychological resistance point around 24,000. The broader S&P 500 Index is just shy of its all-time high, while the Nasdaq Composite, despite Wednesday's pullback, is also trading slightly off its closing high.

Stock picking in an overbought market is a tough assignment for even the most astute of the traders. For those looking to make money in an overbought market, Oppenheimer just released a list of 29 top picks. 

All the identified top picks are rated Outperform. The healthcare sector, consisting of pharma, biotech, medical device and healthcare providers, had eight stocks in the top pick list, followed by industrial and business services and technology sectors, with six each.

Here's the list of stocks that Oppenheimer suggested for consideration.

Food, Grocery and Consumer Products

Estee Lauder Companies Inc (NYSE: EL)

Hardlines Retail and e-commerce

Home Depot Inc (NYSE: HD)

Specialty Retailing

Michael Kors Holdings Ltd (NYSE: KORS)

Restaurants

Jack in the Box Inc. (NASDAQ: JACK)

Financial Institutions Group

CIT Group Inc. (NYSE: CIT)
American Express Company (NYSE: AXP)

See also: Bitcoin, Credit Suisse, Nike, Tenet: 'Fast Money' Picks For November 30

Healthcare/Biotech/Pharma/Medical Devices

Agios Pharmaceuticals Inc (NASDAQ: AGIO)
Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN)
Global Blood Therapeutics Inc (NASDAQ: GBT)
CymaBay Therapeutics Inc (NASDAQ: CBAY)
Evolent Health Inc (NYSE: EVH)
CIGNA Corporation (NYSE: CI)
Medtronic PLC (NYSE: MDT)
Vanda Pharmaceuticals Inc. (NASDAQ: VNDA)

Industrials & Business Services

XPO Logistics Inc (NYSE: XPO)
Canadian Solar Inc. (NASDAQ: CSIQ)
Johnson Controls International plc Ordinary Share (NYSE: JCI)
Xylem Inc (NYSE: XYL)
Acuity Brands, Inc. (NYSE: AYI)
Ferroglobe PLC (NASDAQ: GSM)

Technology

Twilio Inc (NYSE: TWLO)
FireEye Inc (NASDAQ: FEYE)
Activision Blizzard, Inc. (NASDAQ: ATVI)
FleetCor Technologies, Inc. (NYSE: FLT)
Apptio Inc (NASDAQ: APTI)
Broadcom Ltd (NASDAQ: AVGO)

Telecommunication & Internet

American Tower Corp (NYSE: AMT)
ANGI Homeservices Inc (NASDAQ: ANGI)
Priceline Group Inc (NASDAQ: PCLN)

Related Link:

Your Easy Guide To Credit Suisse's New Top Stocks List

Latest Ratings for HD

DateFirmActionFromTo
Nov 2018Bank of AmericaDowngradesBuyNeutral
Nov 2018Credit SuisseMaintainsNeutralNeutral
Nov 2018Deutsche BankMaintainsBuyBuy

View More Analyst Ratings for HD
View the Latest Analyst Ratings

Posted-In: Dow Industrials Average NASDAQ Composite Oppenheimer S&P 500Analyst Color Analyst Ratings Trading Ideas Best of Benzinga

 

Related Articles (ALXN + AGIO)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
SSTIImperial CapitalDowngrades49.0
OSPNImperial CapitalDowngrades20.0
ENBLStifel NicolausUpgrades17.0
FAROGabelli & Co.Upgrades0.0
BDCLongbow ResearchDowngrades0.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Mid-Morning Market Update: Markets Open Higher; Kroger Earnings Beat Estimates

Workday Scores A Q3 Beat, But The Going Could Get Tougher From Here