Credit Suisse’s Top 5 Highest-Conviction Picks

2. Motorola Solutions Inc (NYSE:MSI)

Stock performance since July 2022: 36.20%

Number of Bullish Hedge Funds: 38

Then there’s Motorola Solutions Inc (NYSE:MSI), another profitable pick of Credit Suisse, as the stock has advanced by more than 36% since July 2022. Swiss bank’s analysts stated that they had strong conviction in the company’s business model and pipeline, among other things. In the fourth quarter, Motorola Solutions Inc (NYSE:MSI) recorded EPS of $3.60 and revenue of $2.71 billion, topping the consensus estimates by $0.17 and $171.78 million, respectively.

In its fourth quarter investor letter, ClearBridge Investments mentioned Motorola Solutions Inc (NYSE:MSI) as a profitable long-term holding, saying that the company “continues to execute at a high level and should see further upside from stimulus money directed toward public safety investments as well as increasing penetration of its software and services offerings.”

Overall, there were 38 funds bullish on Motorola Solutions Inc (NYSE:MSI) at the end of 2022, up by five over the quarter.