Credit Suisse refreshed its top stock picks for August, highlighting some major healthcare and tech companies.
Credit Suisse refreshed its "top of the crop" stock picks for August, betting on some big-name stocks as investors continue to feed the markets with optimism. Stocks have fared well after last year's sell-off, with the broader market rising despite higher interest rates, several U.S. bank failures, fears of a potential recession and weaker corporate earnings. The S & P 500 has gained more than 16.6% this year—including a 3.1% increase in July alone.
According to analyst Shannon Cross, Flex will see strong near-term revenue and earnings growth driven by structural changes — including renegotiated contracts, increased stock buybacks and pricing discipline — implemented by management. These changes have allowed Flex to improve execution, expand margins and gain new business, Cross said, leading her to estimate revenue for this year to grow 2% year-over-year.
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