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Here's Credit Suisse's Monthly Top Stock List

TheStreet logo TheStreet 1/7/2022 Dan Weil
Here's Credit Suisse's Monthly Top Stock List © TheStreet Here's Credit Suisse's Monthly Top Stock List

Microsoft , Amazon and Disney made Credit Suisse's list of top monthly stock picks for January.

The new names on the list are Disney, Discover Financial Services , Emerson Electric and BioMarin Pharmaceutical , CNBC reports.

To compile the list, each Credit Suisse equity analyst chooses his/her favorite stock for the next six to 12 months.

Other stocks on the January list include United Parcel Service , semiconductor stalwart Marvell Technology , Papa John's International , and apparel company PVH .

As for Disney, it will benefit from its streaming and theme park businesses, said Credit Suisse analyst Doug Mitchelson, according to CNBC.


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"Disney+ net adds should reaccelerate in the fiscal first quarter of 2022 [ended around Dec. 31] against low expectations for Disney's streaming outlook, while concerns around Parks recovery timing are already priced in, and linear trends are stable," Mitchelson said.

The expansion of Disney+ streaming service into new markets, such as Central and Eastern Europe, should be helpful, he said.

Disney closed Friday at $157.83, up 0.59%. It has slid 10% in the last three months.

Morningstar analyst Neil Macker is bullish on Disney, assigning it a wide moat and a fair value of $170.

"Disney posted a weak end to fiscal 2021, as Disney+ only added 2.1 million customers [in the fourth quarter], its lowest quarter yet, to end the year at 118 million subscribers," he wrote in a November commentary.

"Still, the Disney+ subscriber base increased by 44.4 million in fiscal 2021.… We still project robust long-term growth for the service."

This article was originally published by TheStreet.
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