- Credit Suisse (SIX:CSGN) asked its analysts for their top picks in the sector they cover.
- The list covers 94 stocks, or about 15% of their coverage universe.
Credit Suisse has released its annual list of its top investment ideas in the United States.
The Swiss bank asked each of its analysts to round up their top three stock picks for the next six to 12 months, resulting in a massive list of 94 equities, or about 15% of the stocks covered by its research department.
"These should not be viewed as portfolios," the bank warns. Rather, it says, "they are simply a current snapshot of the analysts' top picks in their coverage universes." So if you're looking to dive into a particular sector, these may be the places to start.
We've rounded up Credit Suisse's top pick for each sector and included the bank's take on why it's worth investing in. Scroll to check out the full list:
FMC
Ticker: FMC
Sector: Chemicals & Agricultural Science
Year-to-date performance: -6.89%
Credit Suisse’s take: "We see significant opportunities for growth in the ag business while the current pullback in the stock due to market concerns around lithium have created a compelling value opportunity."
US Steel
Ticker: X
Sector: Metals & Mining
Year-to-date performance: -1.86%
Credit Suisse’s take: "The US flat rolled market is firing on all cylinders, as (a) seasonally demand is accelerating and peaks in 2Q, (b) scrap prices recover from historically low levels at the start of winter, and b) S/D fundamentals benefit from limited imports and a strong US/global economy. We like X for its strong leverage to the cycle, accretion from its Granite City BF restart, and likely asset sales as the company refocuses on its core steelmaking operations."
Sealed Air Corp (NYSE:SEE).
Ticker: SEE
Sector: Paper & Packaging
Year-to-date performance: -12.2%
Credit Suisse’s take: "We believe recent share price weakness offers an attractive entry point. In part, we believe weakness has been driven by near-term resin cost headwinds that we view as passing. We believe SEE has entered a period of strong EPS growth."