MRVL - Credit Suisse's latest 'Top of the Crop' list down to two names: At the Open
Credit Suisse has whittled down the list of stocks it has the highest conviction in and its overall list of top picks for August. Credit Suisse Product Manager Andrew St. Pierre defines the "Top of the Crop" stocks as the "highest conviction combined with the least demanding market expectations." Only Caterpillar (NYSE:CAT) and Equitable Holdings (NYSE:EQH) remain on the top list from the six stocks highlighted for July. Dropping off are IBM (NYSE:IBM), Aptiv (NYSE:APTV), Edwards Lifesciences (NYSE:EW) and Acuity Brands (NYSE:AYI), which had only broken into the list last month. The "Top of the Crop" criteria are: High conviction calls. "Highest conviction Outperform ideas where CS analysts' estimates and target prices are above consensus and consensus is not overly bullish." View through HOLT. Credit Suisse's HOLT is a model aiming for objectivity in converting income and balance sheet information into cash flow return on investment. "Outperform ideas with least demanding
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Credit Suisse's latest 'Top of the Crop' list down to two names: At the Open