瑞信-美股-股票策略-瑞士信贷在美国的顶级投资理念-2019.5.10-73页.pdfVIP免费

CreditSuisseEquityResearchAmericas/UnitedStatesTopPicksCreditSuisseTopInvestmentIdeasintheUnitedStatesMay10,2019CreditSuisseUSEquityResearchCreditSuisseGlobalProductMarketingArbinSherchan,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108TopIdeas:Wehighlight97TopOutperformand11TopUnderperformIdeas.IdeasAcrossStyle,Sector,andSize:WehavegroupedTopOutperformideasbystyle(growth/value),sectorandmarketcaponslide8.WhatisNew?5New#1TopOutperforms:2Additions(AMAT,ESPR)and3Upgrades(CRM,INFO,VLO).Seerecentresearch:AMAT,CRM,ESPR,INFO,VLO9NamesAddedtoTopOutperformIdeas:ADI,AMAT,ESPR,HON,LRCX,PUMP,SSNC,WRK,ZS10NamesRemovedfromTopOutperformIdeas:DHI,ETN,FBHS,MPC,MU,NXPI,OI,ORCL,PTCT,SWK1NameAddedtoTopUnderperformIdeas:X.Seerecentresearch:X2NameRemovedfromTopUnderperformIdeas:ABBV,UTHRMethodology“One-stopshop”fortheresearchteam’sbestideas.EveryUSresearchanalystidentifiesandranksuptothreetopstockpicksbasedona6-to12-monthtimehorizon.Foreachname,weincludeashortsummaryofouranalyst’sthesisasastartingpointforfurtheranalysis.Theseshouldnotbeviewedasportfolios;theyaresimplyacurrentsnapshotoftheanalysts’toppicksintheircoverageuniverses.3TableofContentsSectionPage#1TopOutperforms4SummaryofTopIdeas5TopOutperformsbyStyle,SizeandSector8TopPicksThatRankinTop25%inHOLTScorecard9TopIdeasbySector/IndustryBasicMaterials11Consumer15Energy/Utilities25Financials33Healthcare41Industrials48Services55TMT57ValuationTables654#1TopOutperformsBASICMATERIALSChem...