Credit Suisse has updated its list of “Large Cap Fading Stars.”
In a note sent out to clients on Monday, the bank listed 26 stocks that saw a big drop in large cap fund ownership during the second quarter, and says these names could be a good place to look for contrarian trade ideas.
The thought process being that since big money fund managers all decided to get out of these stocks at the same time, there is likely some value.
Monsanto
Ticker: MON
Industry: Materials
Stock Price: $102.54
Target Price: N/A
# Large Cap Funds: 75
Change Since Q1: -12
Source: Credit Suisse
Disney
Ticker: DIS
Industry: Media
Stock Price: $91.12
Target Price: $128.00
# Large Cap Funds: 183
Change Since Q1: -12
Source: Credit Suisse
Valero Energy
Ticker: VLO
Industry: Energy
Stock Price: $53.85
Target Price: $62.00
Large Cap Funds: 96
Change Since Q1: -13
Source: Credit Suisse
Juniper Networks
Ticker: JNPR
Industry: Tech hardware and equipment
Stock Price: $23.21
Target Price: $27.00
# Large Cap Funds: 38
Change Since Q1: -13
Source: Credit Suisse
Jones Lang Lasalle
Ticker: JLL
Industry: Real Estate
Stock Price: $102.14
Target Price: N/A
# Large Cap Funds: 14
Change Since Q1: -13
Source: Credit Suisse
Chipotle Mexican Grill
Ticker: CMG
Industry: Consumer services
Stock Price: $409.81
Target Price: $500.00
# Large Cap Funds: 50
Change Since Q1: -13
Source: Credit Suisse
Tiffany & Co.
Ticker: TIF
Industry: Retailing
Stock Price: $72.82
Target Price: $60.00
# Large Cap Funds: 23
Change Since Q1: -14
Source: Credit Suisse
St. Jude Medical
Ticker: STJ
Industry: Healthcare equipment and services
Stock Price: $78.16
Target Price: N/A
# Large Cap Funds: 32
Change Since Q1: -14
Source: Credit Suisse
Kroger
Ticker: KR
Industry: Food and staples retailing
Stock Price: $31.13
Target Price: $29.00
# Large Cap Funds: 104
Change Since Q1: -14
Source: Credit Suisse
Skyworks Solutions
Ticker: SWKS
Industry: Semiconductors and semiconductors equipment
Stock Price: $77.41
Target Price: N/A
# Large Cap Funds: 38
Change Since Q1: -16
Source: Credit Suisse
Jabil Circuit
Ticker: JBL
Industry: Tech hardware and equipment
Stock Price: $21.31
Target Price: N/A
# Large Cap Funds: 12
Change Since Q1: -16
Source: Credit Suisse
Boeing
Ticker: BA
Industry: Transportation
Stock Price: $133.38
Target Price: $148.00
Large Cap Funds: 121
Change Since Q1: -16
Source: Credit Suisse
Alaska Air
Ticker: ALK
Industry: Transportation
Stock Price: $72.96
Target Price: $82.00
# Large Cap Funds: 45
Change Since Q1: -16
Source: Credit Suisse
Nike
Ticker: NKE
Industry: Retailing
Stock Price: $52.03
Target Price: $60.00
# Large Cap Funds: 140
Change Since Q1: -17
Source: Credit Suisse
JetBlue Airways
Ticker: JBLU
Industry: Transportation
Stock Price: $18.22
Target Price: $19.00
# Large Cap Funds: 22
Change Since Q1: -17
Source: Credit Suisse
Gilead Sciences
Ticker: GILD
Industry: Pharma, biotech, and life science
Stock Price: $73.06
Target Price: $95.00
# Large Cap Funds: 238
Change Since Q1: -17
Source: Credit Suisse
Macy's
Ticker: M
Industry: Retailing
Stock Price: $36.80
Target Price: $40.00
# Large Cap Funds: 31
Change Since Q1: -18
Source: Credit Suisse
Foot Locker
Ticker: FL
Industry: Retailing
Stock Price: $68.49
Target Price: $68.00
# Large Cap Funds: 43
Change Since Q1: -18
Source: Credit Suisse
American Airlines
Ticker: AAL
Industry: Transportation
Stock Price: $39.24
Target Price: $36.00
# Large Cap Funds: 38
Change Since Q1: -18
Source: Credit Suisse
Tesoro
Ticker: TSO
Industry: Energy
Stock Price: $81.76
Target Price: $100.00
# Large Cap Funds: 40
Change Since Q1: -20
Source: Credit Suisse
Marathon Petroleum
Ticker: MPC
Industry: Energy
Stock Price: $41.56
Target Price: $50.00
# Large Cap Funds: 61
Change Since Q1: -20
Source: Credit Suisse
Oracle
Ticker: ORCL
Industry: Software and services
Stock Price: $38.03
Target Price: N/A
# Large Cap Funds: 167
Change Since Q1: -21
Source: Credit Suisse
Ticker: LNKD
Industry: Software and services
Stock Price: $190.56
Target Price: $196.00
# Large Cap Funds: 26
Change Since Q1: -21
Source: Credit Suisse
L Brands
Ticker: LB
Industry: Retailing
Stock Price: $72.70
Target Price: $76.00
# Large Cap Funds: 40
Change Since Q1: -21
Source: Credit Suisse
Perrigo
Ticker: PRGO
Industry: Pharma, biotech, and life science
Stock Price: $87.90
Target Price: N/A
# Large Cap Funds: 19
Change Since Q1: -22
Source: Credit Suisse
AmerisourceBergen
Ticker: ABC
Industry: Healthcare equipment and services
Stock Price: $80.38
Target Price: $98.00
# Large Cap Funds: 43
Change Since Q1: -23
Source: Credit Suisse
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