Beware the crowded trades this reporting season

Sirtex is the most crowded short in the market heading into reporting season, according to Credit Suisse analysts.
Sirtex is the most crowded short in the market heading into reporting season, according to Credit Suisse analysts.

As hedge funds go about placing their bets for reporting season, Credit Suisse analysts have chimed into the debate with a list of must-watch stocks. 

The analysts told clients to review each of the top-25 most institutionally bought and sold stocks over the past 12-months, as they are the ones that see powerful share price movements should they beat or miss expectations. 

"Ahead of results we recommend reviewing each of these names to determine whether you see any surprise risk that is in the opposite direction to that of the crowdedness to either positon ahead of the event if convicted or wait for unexpected events and trade against the anticipated overreaction," the broker told clients on Friday morning. 

Top 25 potential crowded trades, according to Credit Suisse analysts.
Top 25 potential crowded trades, according to Credit Suisse analysts.