Oppenheimer just released its 35 top stock ideas for October and November. Here’s a rundown of the full list with analyst commentary included.
1. Turtle Beach Corp HEAR
Analyst Sean McGowan sees two drivers of the stock: the “resurgence in video games” and the rollout of “directed audio” technology HyperSound.
2. Ulta Salon, Cosmetics & Fragrance, Inc. ULTA 0.55%
Analyst Rupesh Parikh believes the company is capable of sustaining up to +7.0 percent comps and has “the potential to expand to more than 1,200 units over time.”
3. Home Depot Inc HD 0.13%
Analyst Brian Nagel sees the company as “well positioned to capitalize upon improving demand trends in the home improvement sector.”
4. Darden Restaurants, Inc. DRI 0.96%
Analyst Brian Bittner forecasts “significant upside to Street’s EPS through ’17.”
5. Coach Inc COH 0.2%
Analyst Anna Andreeva believes “COH is playing better offense, despite moderation in growth of [the] overall handbag category.”
6. Oneok Partners LP OKS 2.52%
Analyst Bernard Colson believes “the current distribution is sustainable despite coverage ratio less than 1x.”
7. HollyFrontier Corp HFC 0.8%
Analyst Fadel Gheit believes that the company’s “combination of refinery complexity, crude flexibility and growth markets gives HFC strong competitive advantages.”
8. Parsley Energy Inc PE 1.97%
Analyst Robert DuBoff feels the stock “should trade at a premium to the E&P universe given its sizable drilling inventory and growth trajectory.”
9. Halliburton Company HAL 2.97%
Analyst James Schumm touts the company’s “track record of earning superior returns on capital and creating shareholder value.”
10. Citigroup Inc C 1.05%
Analyst Chris Kotowski predicts that “earnings should grow above industry averages” as Citi Holdings is wound down.
11. Discover Financial Services DFS 1.84%
Analyst Ben Chittenden pointed out that the stock is “trading at less than 10x 2016 consensus EPS, which equates to a 62 percent relative multiple to the S&P 500.”
12. Highwoods Properties Inc HIW 0.56%
Analyst Steve Manaker believes…
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