Three new stocks make the Credit Suisse best-of-the-best picks list, with the complete now five for January.

Microsoft (NASDAQ:MSFT) and Discover (NYSE:DFS) stay on the list from December, whereas Ovintiv (NYSE:OVV), Axon Enterprise (NASDAQ:AXON) and Dover (NYSE:DOV) additionally make the grade. Motorola (MSI) and Knight-Swift (KNX) drop out.

Credit Suisse Product Manager Andrew St. Pierre defines the “Top of the Crop” stocks as the “highest conviction mixed with the least demanding market expectations.”

The “Top of the Crop” standards are:

• “Highest conviction Outperform concepts the place CS analysts’ estimates and goal costs are above consensus and consensus will not be overly bullish.”
• Credit Suisse’s HOLT is a mannequin aiming for objectivity in changing earnings and steadiness sheet info into money stream return on funding. “Outperform concepts with least demanding market expectations. Market-implied CFROI is beneath forecast CFROI and historic median.”

“DOV has a number of levers to drive EPS development in 2023, by way of investing its FCF in M&A, share re-purchases and restructuring. DOV is spending 17c on restructuring in DCEF in ’22 which ought to add an incremental 23c to EPS in ’23, suggests a wonderful ROI from restructuring,” analyst Guy Hardwick wrote.

The different above consensus calls are: Chipotle (CMG), CMS Energy (CMS), Amazon (AMZN), MasTec (MTZ), Goldman Sachs (GS), Charter Communications (CHTR), Air Products and Chemicals (APD) and Cyxtera Technologies (CYXT).

The different HOLT concepts are: TransDigm (TDG), On Holding (ONON), Visa (V), HCA Healthcare (HCA), UnitedHealth (UNH), Apple (AAPL), Arista Networks (ANET) and Tradeweb (TW).