105 Top Ideas: Our bottom-up exercise resulted in a list of 105 top stock ideas, representing ~14% of ~700
names covered by the US analysts.
Ideas Across St yle, Sector and Size: A list of growth/value names by sector and market cap can be found on
slide 7.
What is New?
We have incorporated HOLT analysis: HOLT Scorecard on slide 8 and HOLT Lens for each stock.
1 New Sector: SMID Cap Biotech. Relevant Research: SMID Cap Biotech Initiation
6 New #1 Top Picks: 3 Additions (DPZ, ESPR, HD). 3 Upgrades (AA, INCY, WCN). Recent Research on New
#1 Top Picks: AA, DPZ, ESPR, HD, INCY, WCN
24 Names Added to Top Picks: ALXN, ARNA, ARNC, BA, CAT, CMI, DPZ, EPD, ESPR, EXC, FAST, FLR,
GLOG, HCC, HD, JELD, KHC, KLAC, LOW, NOW, SRPT, TXN, TXRH, WP
18 Names Removed from Top Picks: AIG, AKS, ANDV, CSTM, DPS, GPN, HIG, HSY, INCY, PBYI, PWR,
QSR, SRPT, TSRO, WCC, WLTW, WMB, YUM