Does the recent market volatility created by Brexit have you wondering how to best play the markets right now? Credit Suisse has updated its list of contrarian stock ideas for investors to consider.
Credit Suisse identified "companies where our analysts stand apart from the consensus view" and "companies where our analysis reveals opportunities that the market has not yet priced in," in a July 5 report.
The report, titled "Out on a Limb: 10 Contrarian Stock Ideas," considered stocks in Credit Suisse's U.S. coverage universe. The analysis focused on ratings, earnings projections and target prices, as well as a high "conviction level" from its equity analysts. The report identified 10 stocks in total: five that analysts were more optimistic about than Wall Street (all rated outperform) and five that the analysis was more cautious onco than consensus (all rated underperform).
Here are the five outperform contrarian ideas from Credit Suisse.