Oppenheimer has just released a highly-prized list of 20 ‘buy’ and ‘sell’ global stocks that are currently on breakout watch. Interestingly, the list highlights both bullish stocks as well as bearish stocks. This means we can see which stocks are outperforming, and which stocks are underperforming, their respective sectors.

Overall, however, the November 4 report takes an upbeat view of the current environment: “We get it, markets do cycle and bull markets do correct, but we also know that market timing is a trying task. With an emphasis on process, our indicators argue for investing like this is a healthy, middle-innings bull cycle… we view the growing list of global markets rallying to new all-time highs as confirmation of the mid-cycle conditions being exhibited in our macro indicators.”

From Oppenheimer’s list, we pinpointed the 5 best outperforming stocks with a Strong Buy consensus rating from the Street. TipRanks tracks the latest market activity of over 4,700 analysts- allowing us to find the most compelling investing opportunities. These are the stocks with the strongest support from analysts with a proven track record of success. We can also gauge the upside potential for these stocks based on the average price target of analysts over the last three months.

Let’s take a closer look at these 5 top stock ideas now- and their weaker counterparts. Note that you can click on the chart screenshot for further insights into the stock’s latest ratings.

1. Amazon (Nasdaq: AMZN)

“We remain bullish on the Internet Catalog & Retail industry for exposure to Consumer Discretionary, and believe AMZN’s breakout above multi-month resistance is marking a resumption of the stock’s long-term uptrend,” writes Oppenheimer. Indeed, the average top analyst price target of $1246 suggests e-commerce behemoth AMZN still has considerable upside potential left of close to 11%. Also, if we look at only top analyst ratings, Amazon has received a whopping 28 back to back buy ratings in the last three months alone.