。 2Top Picks110 Top Ideas : We highlight 100 Top Outperform and 10 Top Underperform Ideas. Ideas Across Style, Sector, and Size: We have grouped Top Outperform ideas by style (growth/value), sector and market cap on slide 7.What is New1 New Sector Added: Medical Supplies & Devices. See recent research: Initiation of Coverage: No Disruption, No Alpha Where to Focus inMed Tech in 2019 and Beyond10 New #1 Top Outperforms: 8 Additions (AAP, ET, HON, INFO, INXN, MCHP, SAVE, SYK) and 2 Upgrades (CLR, NRZ). RecentResearch on New #1 Top Outperforms: AAP, CLR, ET, HON, INFO, INXN, MCHP, NRZ, SAVE, SYK18 Names Added to Top Outperform Ideas: AAP, ADI, EFX, EMR, ET, EW, GMED, HEI, HON, INFO, INXN, IQV, IR, MCHP, SAVE, SYK,TUSK, TXN17 Names Removed from Top Outperform Ideas: ABC, ADP, ALLE, AMAT, ARMK, BBDb.TO, CONE, DAL, LNG, LRCX, MMM, MU,PUMP, PXD, SWCH, WPX, XYL4 Names Added to Top Underperform Ideas: BPMP, LPI, WSM, ZBH. Recent Research on New Top Underperform Ideas: BPMP, LPI,WSM, ZBH1 Name Removed from Top Underperform Ideas: SOMethodology“One-stop shop” for the research team’s best ideas. Every US research analyst identifies and ranks up to three top stock picks based on a6- to 12-month time horizon. For each name, we include a short summary of our analyst’s thesis as a starting point for further analysis.These should not be viewed as portfolios; they are simply a current snapshot of the analysts’ top picks in their coverage universes. 3Table of ContentsSection Page#1 Top Outperforms 4Summary of Top Ideas 5Top Outperforms by Style, Size and Sector 8Top Picks That Rank in Top 25% in HOLT Scorecard 9Top Ideas by Sector / IndustryBasic Materials 11Consumer 14Energy / Utilities 23Financials 32Healthcare 39Industrials 48Services 55TMT 57Valuation Tables 63 4#1 Top OutperformsBASIC MATERIALSChemicals & Ag SciencesASHMetals & Mining EAFPaper & Packaging CCKClick here for previous edition, 12/7/18CONSUMERGaming CZRHomebuilding & Building ProductsFBHSLeisure HGVPackaged Food NOMDRetail: Hardlines AAPRetail: Softlines & Global Brands RLRetail: Staples & Distribution USFDENERGY / UTILITIESAlternative Energy RUNE&Ps – Large Cap MROE&Ps – SMID Cap CLRMidstream & MLPs ETOilfield Services & EquipmentHALRefining & Marketing MPCUtilities EXCSERVICESEngineering & Construction FLRMachinery DEINDUSTRIALSAerospace & Defense BAAirfreight & Ground Transport CSXAirlines SAVEElectrical Equipment & Multi- Industry HONFINANCIALSAsset Managers / Retail Brokers BXBanks JPMInsurance – LifeVOYAInsurance – P&C / Brokers WLTWMortgage Finance NRZSpecialty Finance SYFHEALTHCAREBiotechnology – SMID Cap PTCTHealthcare Facilities HCAHealthcare Technology &Distribution CVSManaged Care UNHMedical Supplies & Devices SYKPharmaceuticals MRKTMTCommunications & NetworkingEquipment ANETConsumer Internet GOOGLDatacenter REITs INXNSemiconductors MCHPSoftware ORCLTelecom & Media ATUSNew Top PickStock Moved Up in RankSource: Credit SuisseSERVICESBusiness Services INFO。。。。。。