William L. Moore
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Credit Suisse Adjusts Its Top Picks List In A Record-Breaking Market

The market has been on a tear this year, with the major averages on a dream run. Against this backdrop, Credit Suisse released its top investment ideas in the U.S., which could serve as a guide for traders to find value even amid an overbought equity market. 

Credit Suisse has 101 top stock ideas representing about 15 percent of the 650 names covered by its U.S. analysts. The firm added 15 names to its top picks and removed 15. 

Additionally, Credit Suiise  said it has eight new No. 1 top picks by virtue of four additions and four upgrades.

Here are the Credit Suisse's eight new top picks and the sectors to which they belong:

Credit Suisse's New No. 1 Top Picks

• First Data Corp FDC – Financial Technology & Payments
• HCA Healthcare Inc HCA – Healthcare Facilities
• Mondelez International Inc MDLZ – Packaged Foods
• UnitedHealth Group Inc UNH – Managed Care
• eBay Inc EBAY – Consumer Internet: Online Travel & E-commerce
• Lam Research Corporation LRCX – Semiconductor Equipment/EDA
• Starwood Property Trust, Inc. STWD – Mortgage Finance
• Vertex Pharmaceuticals Incorporated VRTX – Biotechnology-large cap

Among these stocks, eBay, Lam Research, Starwood Property Trust and Vertex were upgraded.

Healthcare Facilities and Managed Care were the two sector inclusions.


Stochastics are oversold, so the price can break out the falling channel and form some upside.