瑞信-美股-投资策略-瑞信顶级投资策略-2019.2.8-69页.pdfVIP免费

CreditSuisseEquityResearchAmericas/UnitedStatesTopPicksCreditSuisseTopInvestmentIdeasintheUnitedStatesFebruary8,2019CreditSuisseUSEquityResearchCreditSuisseGlobalProductMarketingArbinSherchan,CFAequity.research@credit-suisse.comglobal.productmarketing@credit-suisse.comarbin.sherchan@credit-suisse.com(877)291-2683(212)538-4442(212)325-8967DISCLOSUREAPPENDIXATTHEBACKOFTHISREPORTCONTAINSIMPORTANTDISCLOSURES,ANALYSTCERTIFICATIONS,LEGALENTITYDISCLOSUREANDTHESTATUSOFNON-USANALYSTS.USDisclosure:CreditSuissedoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Asaresult,investorsshouldbeawarethattheFirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.2TopPicks104TopIdeas:Wehighlight96TopOutperformand8TopUnderperformIdeas.IdeasAcrossStyle,Sector,andSize:WehavegroupedTopOutperformideasbystyle(growth/value),sectorandmarketcaponslide8.WhatisNew?3New#1TopOutperforms:1Addition(MU)and2Upgrades(JEC,SWK).RecentResearchonNew#1TopOutperforms:JEC,MU,SWK10NamesAddedtoTopOutperformIdeas:CNI,GRA,MU,MYOK,NXPI,OLLI,PFE,PRI,PUMP,SYY14NamesRemovedfromTopOutperformIdeas:ADI,AGN,ALXN,ATH,DLTR,DWDP,FLR,JBHT,MCHP,NEP,PFGC,TUSK,TXN,ZS2NameRemovedfromTopUnderperformIdeas:BPMP,LPIMethodology“One-stopshop”fortheresearchteam’sbestideas.EveryUSresearchanalystidentifiesandranksuptothreetopstockpicksbasedona6-to12-monthtimehorizon.Foreachname,weincludeashortsummaryofouranalyst’sthesisasastartingpointforfurtheranalysis.Theseshouldnotbeviewedasportfolios;theyaresimplyacurrentsnapshotoftheanalysts’toppicksintheircoverageuniverses.3TableofContentsSectionPage#1TopOutperforms4SummaryofTopIdeas5TopOutperformsbyStyle,SizeandSector8TopPicksThatRankinTop25%inHOLTScorecard9TopIdeasbySector/IndustryBasicMaterials11Consumer14Energy/Utilities23Financials30Healthcare37Industrials46Services53TMT55ValuationTables614#1TopOutperformsBASICMATERIALSChemicals&AgSciencesASHMetals&MiningEAFPa...