These 16 stocks are set to crush the market in August

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Wedbush Securities published an update to its"Best Ideas List," which features the firm's top stock picks for the month of August.software, technology, retail, and financial services, among other sectors.

Wedbush analysts selected their favorite stocks within their coverage areas, and the list features companies across the software, technology, retail, and financial-services industries. 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 the current share prices to the forecasted price targets in the report.

Here are 16 companies that could dominate the market in August, according to Wedbush. They're listed in increasing order of expected upside from current levels.

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