Credit Suisse shares 6 new top stock ideas for October

Published Thu, Oct 7 20214:04 PM EDTUpdated Thu, Oct 7 20214:15 PM EDT

Credit Suisse refreshed its list of top U.S. stock picks with six new names for October. The firm maintains a "one-stop shop" list of researchers' best ideas. Every U.S. analyst identifies their top stock pick for a six- to 12-month time frame. The list covers a variety of industries including consumer, health care, industrial and technology. October newcomers include alcoholic beverage producer Constellation Brands , Tommy Hilfiger- and Calvin Klein-parent PVH and streaming giant Netflix . Take a look at the six new stock picks from Credit Suisse: Constellation , which owns Corona and Modelo, is Credit Suisse's top household products and beverages pick. The firm believes Constellation is poised to benefit as the spiked seltzer craze fades due to limited exposure to the category. Meanwhile, Constellation's beer and wine portfolio should boost growth for the company, Credit Suisse said. While Constellation's quarterly earnings report Wednesday missed Wall Street estimates, the company raised its fiscal year 2022 guidance. The stock is trading up this week. Retail conglomerate PVH is Credit Suisse's top softlines and global brands retail pick. Backed by a new chief executive, PVH is "in the early innings of a significant business transformation," according to Credit Suisse. Credit Suisse expects PVH to focus in on international growth and e-commerce while pivoting from less profitable legacy segments. The stock is positive on the week. Netflix takes Credit Suisse's spot for top telecom and media stock. The firm expects third-quarter viral series "Squid Games" and a strong fourth-quarter content slate to boost subscriber growth. High customer satisfaction and usage, and a large annual content budget are among the reasons why Credit Suisse is bullish on Netflix. Other newcomers to Credit Suisse's list include energy infrastructure corporation Targa Resources , biopharmaceutical firm Arena Pharmaceuticals and motion control technology company Parker-Hannifin . —CNBC's Michael Bloom contributed reporting.

The Netflix logo is seen on its office in Hollywood, California.

Lucy Nicholson | Reuters

Credit Suisse refreshed its list of top U.S. stock picks with six new names for October.