2021-09-01-Credit_Suisse-美国投资首选_引领潮流的投资理念_62页_3mb

The September 2021 Credit Suisse U.S. Top Picks report highlights 36 stocks rated Outperform and 5 rated Underperform across various sectors. Key additions to the top picks include Outperform-rated OTLY (Oatly Group), KRP (Kimbell Royalty), SQ (Square), and XLRN (Acceleron Pharma), while Underperform includes WSM (Williams-Sonoma), NGL (NGL Energy), WU (Western Union), AXP (American Express), and IRM (Iron Mountain). The report emphasizes "High Conviction Calls" based on deviations in analysts' EPS and target price estimates from consensus. "Top of the Crop" selections combine high conviction with favorable market expectations for Outperform stocks like TECK and HSY, or unfavorable but very undervalued Underperform stocks like IRM. The methodology involves a "One-stop shop" for research, incorporating HOLT Scorecard analysis for valuation and market expectations. Detailed investment theses focus on catalysts, risks, and financial metrics for each stock, driven by sector trends such as energy transition, digital transformation, and health and wellness. This snapshot reflects analysts' views as of early September 2021, with a focus on long-term growth.