Here are 5 top stock picks for the fall from Credit Suisse

Published Fri, Aug 4 20174:12 PM EDT

Credit Suisse put out a note to clients Friday that it called a "one-stop shop for the research team's best ideas." With the S & P 500 up 11 percent for the year, investors are eager to find the next hot stock. These are the firm's top ideas as the summer comes to a close. Here are 5 of them. 1) United States Steel Corp. ( X ) Credit Suisse's Curt Woodworth has a $34 price target on CF Industries , representing 48 percent upside from Thursday's close. X is our top pick in the Steel Industry as we believe the street is underappreciating the EBITDA potential in 2017 and beyond, as the energy market drives better OCTG / Tubular results, and as the company recovers some of the headwinds caused by the asset revitalization program which negatively impacted 1Q-17. In addition, X would also stand to benefit from any potential trade measures that can be taken by the Trump presidency on the back of the ongoing Section 232 investigation. 2) JPMorgan Chase ( JPM ) Analyst Susan Katzke has a $103 rice target on JPMorgan Chase, representing 11 percent upside from Thursday's close. Best in class execution—including organic revenue growth through investment in the bank's well-integrated, market share leading financial services businesses, coupled with a willingness to tightly manage expenses, and optimize capital should drive better than average earnings growth and returns on equity for JPMorgan. First quarter 2017 and CCAR results were consistent with our confidence in recommending this stock. 3) Monster Beverage Corp. ( MNST ) Credit Suisse's Laurent Grandet has a $60 price target on Monster, representing 13 percent upside from Thursday's close. We expect sales growth to reaccelerate in FY17 and think the company has exceptionally strong fundamentals, driven by the popularity of energy drinks, especially with Millennial consumers. Our model assumes the energy category is growing at 4% in the US, and we expect Monster will continue to gain share, especially as Java comes back on line. 4) Celgene Corporation ( CELG ) Alethia Young has a $156 price target on Celgene, representing 15 percent upside from Thursday's close. We believe that CELG looks cheap relative to its growth after reviewing current and pipeline products. We see more upside on base business products than consensus and guidance. We like Celgene's pipeline that consists of internal and external candidates that leads us to believe it is best in class. 5) Microsoft ( MSFT ) Analyst Michael Nemeroff has a price target of $84 on Microsoft, representing 16 percent upside from Thursday's close. Our Outperform thesis on MSFT shares is centered on what we view as significant earnings power potential over the next few years, which could be unlocked from (1) strong commercial cloud growth and (2) higher cloud gross margins due to economies of scale, ultimately leading to accelerating gross profit dollar growth.

Steel rolls at the US Steel Works in Gary Indiana.

Justin Solomon | CNBC

Credit Suisse put out a note to clients Friday that it called a "one-stop shop for the research team's best ideas." With the up 11 percent for the year, investors are eager to find the next hot stock.

These are the firm's top ideas as the summer comes to a close. Here are 5 of them.