Even though the stock market has been hit hard, and could be in for some more downside, the world is changing, and it continues changing fast. Investors that seek out new trends often end up ahead of the game, and one of the requirements is patience. A new report from Merrill Lynch updates the firm’s “Transforming World” third-quarter Primer Picks.

We screened the list, many of which trade in Asia and other parts of the world, for domestic stocks that fit into the firm’s themes. We found three that could have big upside for investors.

CyberArk Software

This company had a red-hot IPO last year and is part of the security theme at Merrill Lynch. CyberArk Software Ltd. (NASDAQ: CYBR) claims it is the only security company focused on eliminating the most advanced cyber threats, those that use insider privileges to attack the heart of the enterprise. The company proactively secures against cyber threats before attacks can escalate and do irreparable damage. Some 35% of the Fortune 100 and 17 of the world’s top 20 banks use the software to protect high-value information assets, infrastructure and applications.

The Merrill Lynch team highlights the company’s unique and innovative technology that has a very large and rapidly growing market opportunity of somewhere near $2.1 billion. They also see the company growing revenues at an astonishing 25% for the next several years, and the potential for 25% to 30% operating margins. CyberArk crushed earnings expectations recently and posted strong forward guidance. The stock was hit very hard during the recent sell-off and is down over 40% from highs posted in June.

Merrill Lynch recently raised its price target on the stock from $70 to $80. The Thomson/First Call consensus price target is $64.64. Shares closed Friday at $46.51.

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General Electric

This iconic blue chip industrial has lagged the market for years. General Electric Co. (NYSE: GE) is a highly diversified, global industrial corporation. Its businesses are organized broadly under six segments: GE Capital, Energy Infrastructure, Aviation, Healthcare, Transportation and Home & Business Solutions. The company’s products and services include power generation equipment, aircraft engines, locomotives, medical equipment, appliances, commercial leasing and personal finance. The Merrill Lynch analysts feel that the American giant will be a large player in the efficient energy field.

The company is in the middle of a huge plan that is scaling back many of its operation and returning capital to shareholders. GE announced a restructuring plan earlier this year that includes buying back up to $50 billion of its shares, selling about $30 billion in real estate assets over the next two years and divesting more GE Capital operations.

The repurchase program, which will be partly funded by $35 billion through money returned from GE Capital, is the second-biggest in history, after Apple’s $90 billion plan. GE, which had 10.06 billion shares outstanding at the start of the year,  said it expected to reduce that by as much as 20% to 8.5 billion by 2018.

With the European Union expected to approve the Alstom plan Monday, the stock could be poised for a run. GE investors are paid a solid 3.83% dividend. The Merrill Lynch price target is $33, and the Thomson/First Call consensus target is $30.23. Shares closed Tuesday at $27.55.

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SunPower

This company is adding capacity at a breakneck pace and plays into the climate change theme at Merrill Lynch. SunPower Corp. (NASDAQ: SPWR) and First Solar formed a jointly form a publicly traded yield company that had a June IPO and is called 8point3 Energy Partners. Many think that company is uniquely positioned as a solar-only yieldco with joint sponsorships by two of the largest solar developers in the world.

SunPower offers solar power products, including panels, balance of system components and inverters. It also designs, manufactures and sells high-performance rooftop and ground-mounted solar power systems, as well as utility-scale photovoltaic power plants. In addition, the company offers operations and maintenance services, including remote monitoring, preventative and corrective maintenance services, as well as rapid-response outage restoration and inverter repair services.

The Merrill Lynch team previously noted that company management expects to add significant production capacity, including a new 800 megawatt fab that will target 25% cell efficiency. This will allow the company to leverage the high-efficiency technology and low-cost financing to expand on projects around the world.

The Merrill Lynch price objective is $42, while the consensus target is $38.31. The stock closed trading on Friday at $22.88, down almost 50% from highs printed in the summer of 2014.

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These and other top themes that Merrill Lynch highlights are a huge part of the future. While some investors shun new areas of investment, those that have the risk tolerance and patience often can rack up big gains betting on the future.

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