- The report includes the firm's top stock picks across the industries it covers including software, retail, and financial services.
- Markets Insider calculated the implied upside for each stock using their closing prices on Thursday and the price targets provided in the report.
- Here are 11 stocks that could crush the market next year, according to Wedbush.
- Visit the Business Insider homepage for more stories .
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These 11 stocks are set to crush the market next year, according to one Wall Street firm
Wedbush Securities released its updated "Best Ideas List" for December on Friday.
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Wedbush Securities on Friday published an update to its "Best Ideas List," which features a collection of the bank's favorite stocks in December.
The Wall Street firm's report includes stock picks across the variety of industries Wedbush covers, including software, retail, and financial services.
Each pick is accompanied by a price target from the firm's analysts, and Markets Insider calculated an implied upside using that data. That represents the potential return from Thursday's closing prices to the forecasted price targets in the report.
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These 11 stocks could dominate the market next year, according to Wedbush. They're listed in increasing order of expected upside from Thursday's closing prices.
11. Royal Caribbean Cruises
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Thomas Layer/Associated Press
Ticker: RCL
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Industry: Hospitality
Price target: $140
Implied upside: 15.7%
Source: Wedbush Securities
10. Tempur Sealy International
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Tempurpedic
Ticker: TPX
Industry: Mattress manufacturing
Price target: $100
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Implied upside: 17.9%
Source: Wedbush Securities
9. Advance Auto Parts
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Mark Stehle/AP
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Ticker: AAP
Industry: Automotive parts
Price target: $180
Implied upside: 18.2%
Source: Wedbush Securities
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8. Salesforce
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Salesforce
Ticker: CRM
Industry: Software
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Price target: $192
Implied upside: 21.3%
Source: Wedbush Securities
7. Pegasystems
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Reuters
Ticker: PEGA
Industry: Software
Price target: $95
Implied upside: 23%
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Source: Wedbush Securities
6. Activision
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Reuters
Ticker: ATVI
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Industry: Video game publisher
Price target: $69
Implied upside: 25.5%
Source: Wedbush Securities
5. Jack in the Box
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Jack in the Box
Ticker: JACK
Industry: Fast food
Price target: $100
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Implied upside: 27%
Source: Wedbush Securities
4. PayPal
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Reuters/Albert Gea
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Ticker: PYPL
Industry: Payments
Price target: $140
Implied upside: 33.8%
Source: Wedbush Securities
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3. Columbia Sportswear
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Reuters
Ticker: COLM
Industry: Retail
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Price target: $126
Implied upside: 37.6%
Source: Wedbush Securities
2. Wix.com
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Thomson Reuters
Ticker: WIX
Industry: Web development
Price target: $165
Implied upside: 38.9%
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Source: Wedbush Securities
1. Zynga
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Thomson Reuters
Ticker: ZNGA
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Industry: Game developer
Price target: $9
Implied upside: 44.2%
Source: Wedbush Securities
See Also:
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- The world's No. 1 mid-cap fund manager has a new specialty he calls 'fallen angel investing.' He explains how he's taking advantage of recent IPO failures and shares his top 3 stock picks.
- For 30 years, Renaissance Technologies achieved 66% annualized returns. Here's how a group of academics with no trading experience became the most successful hedge fund in history.
- A Wall Street expert who called the stock market's late-2018 meltdown warns another plunge could arrive in December and shares his investing advice for 2020
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