Credit Suisse names its top stock picks for the rest of 2022

Published Fri, Aug 12 20229:33 AM EDT

Analysts at Credit Suisse have named their top stock picks for investors looking to navigate the continued uncertainty in the market. Investors grappled with a steep sell-off to start the year — one that drove the S & P 500 into a bear market. At the same time, the Federal Reserve has been forced to aggressively hike interest rates to try and tame surging prices that have weighed on consumer spending. Despite these setbacks, there are opportunities ahead for investors who choose wisely, according to a report released by the bank this month. Here are some of the names that Credit Suisse recommends in the months ahead: Chipotle Mexican Grill is among the bank's favorite consumer-focused stocks to play the rest of the year. A recent screen from CNBC Pro named Chipotle among a host of names that won earnings season and could rally even more in coming months. The fast-casual restaurant chain said in its recent quarterly report that strong pricing power has enabled the company to continue hiking menu prices to cover increasing costs and drive profits higher. Shares of Chipotle have dipped nearly 7% this year, but the Credit Suisse price target suggests a potential 21% upside is in store from Wednesday's close price. Analyst Lauren Silberman called the stock a "rare compounding growth story" that's well positioned to outperform peers. Another potential winner according to Credit Suisse is Xbox-parent Microsoft , which has seen its shares slide nearly 15% this year as the broader market struggled. Shares could bounce more than 38% based on the current Credit Suisse price target. Within the wider technology, media and telecom industry, Credit Suisse also likes T-Mobile , which should continue to gain share in rural and enterprise markets, according to analyst Doug Mitchelson. Shares of the Bellevue, Washington-based telecom provider have rallied about 24% this year and could potentially jump another 30% from Wednesday's close. "Overall, we continue to see T-Mobile share gain and merger synergy prospects, layered over a soon-to-start levered equity return strategy ($60B of stock buybacks through 2025, which we still expect to start as early as late 2022) as a compelling opportunity, even with a messy wireless/macro backdrop," Mitchelson wrote. UnitedHealth Group and Visa also made Credit Suisse's list. — CNBC's Michael Bloom contributed reporting