Despite the uncertain market backdrop, Credit Suisse highlighted several stocks it thinks can outperform going forward.
The bank added three new names to its list of highest-conviction top picks: Diamondback Energy , ServiceNow and PowerSchool . According to analyst Bill Janela, oil and gas company Diamondback Energy has an attractive relative valuation. The analyst also said: "While M & A headline risk was the frequent pushback on FANG for much of last year, acquisitions made in 4Q22 were sufficiently accretive and well received by the market such that the M & A concerns have been alleviated.
"ServiceNow is a strategic priority for the C-suite during the 'Great Reprioritization,' in which investments in Digital Transformation that provide rapid ROI have become a necessity," analyst Sami Badri said in a note. ServiceNow shares have been on fire this year, rallying nearly 20%. Returning names to the list include TransDigm Group , Discover Financial and Chipotle Mexican Grill. TransDigm Group is experiencing a strong start in 2023, with shares popping 20.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse delays compensation day for some bankers- Bloomberg NewsCredit Suisse Group AG is delaying a compensation day for some of its bankers, Bloomberg News reported on Monday, citing people familiar with the matter.
Read more »
USDINR: Further Rupee weakness, RBI's intervention level could shift higher to 84.00 – Credit SuisseRBI has managed USD/INR in an 81.00-83.00 range since Q4 2022. RBI intervention at 83.00 should limit further USD/INR upside in the short term. Howeve
Read more »
EUR/SEK: Q1 target raised from 11.30 to 11.50 – Credit SuisseAhead of tomorrow’s Riksbank decision, economists at Credit Suisse raise their EUR/SEK Q1 target from 11.30 to 11.50 and would look to fade consolidat
Read more »
Soompi’s K-Pop Music Chart 2023, February Week 1Soompi's K-Pop Music Chart 2023, February Week 1
Read more »
Breaking: RBA raises OCR by 25 bps to 3.35% in February, as expectedThe Reserve Bank of Australia (RBA) board members decided to raise its official cash rate (OCR) by another 25 basis points (bps) from 3.10% to 3.35%,
Read more »
Pokémon TCG Value Watch: Astral Radiance In February 2023ICYMI: Origin Forme Palkia V Alt Art, Irida Full Art Trainer, & Garchomp V Character Super Rare from AstralRadiance shift in the PokemonTCG market. Pokemon
Read more »