52 Top Ideas: We highlight 45 Top Outperform Ideas (summary link here) and 7 Top Underperform Ideas.

What is New?

7 New #1 Top Outperform: SEAS, RUN, CMS, CG, EQH, MGNX, DCPH.

7 Top Underperform Ideas:. X, WSM, NGL, WU, AXP, CHRW, IRM.

‘High Conviction Calls’: Our highest-conviction top picks AAP, AMZN, APTV, CAT, CB, CG, CMG, EMR, EOG, HSY, IBM, JPM, PFSI, REGN, TECKn.TO, TPR, UPS. Page 5.

Underperform: AXP, IRM, WHR, WSM. Page 8.

Credit Suisse HOLT®: We have included a HOLT® analysis on each of our #1 Top Picks.

HOLT Valuation Gap: Screening top picks for the least and most demanding market expectations include:

Outperform: AAP, AMZN, APTV, CCK, CHX, CMCSA, EMR, EOG, EQH, EW, GPN, HCA, HSY, IBM, INTU. Page 6.

 Underperform: IRM. Page 9.

‘Top of the Crop’: Outperform-Rated Ideas. Our highest conviction combined with the least demanding market expectations. Page 7 . And our Underperform- Rated Ideas. Our highest conviction and widest valuation gap. Page 10.