Oppenheimer's Top Stock Picks For December

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 EL

Hardlines Retail and e-commerce

Home Depot Inc HD

Specialty Retailing

Michael Kors Holdings Ltd KORS


Jack in the Box Inc. JACK

Financial Institutions Group

CIT Group Inc. CIT
American Express Company AXP

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

Healthcare/Biotech/Pharma/Medical Devices

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

Industrials & Business Services

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


Twilio Inc TWLO
FireEye Inc FEYE
Activision Blizzard, Inc. ATVI
FleetCor Technologies, Inc. FLT
Apptio Inc APTI
Broadcom Ltd AVGO

Telecommunication & Internet

American Tower Corp AMT
ANGI Homeservices Inc ANGI
Priceline Group Inc PCLN

Related Link:

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

Posted In: Dow Industrials AverageNASDAQ CompositeOppenheimerS&P 500Analyst ColorAnalyst RatingsTrading Ideas