Bank of America's high quality defensive plays should help investors 'sleep at night'

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Investors could be sleepless due to the uncertainty in the market right now. But Bank of America has a handful of stocks that might soothe investors' worries. With economic data improving suddenly, stocks have secured a sharp rebound from the depths of the coronavirus downturn. However, uncertainty still reigns as states that have loosened restrictions and started to reopen see an uptick in Covid-19 cases. After a major rally for stocks in June, U.S. equities are cratering on Thursday on concerns about a second wave.

This group of stocks will help investors "sleep at night," Bank of America equity and quant strategist Savita Subramanian said in a note to clients. Bank of America's "sleep at night" screen finds high quality defensive stocks. The Wall Street firm made a list for clients of S&P 500 stocks in the bottom quintile of GDP beta, meaning it is less sensitive to changes in the economic cycle. The stocks are also ranked B+ or better by S&P Quality Rank.

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These stocks could soar during the recovery, Bank of America saysBank of America's analysts looked for stocks in the S&P 500 that have three characteristics that mark winners during an economic recovery. Pro But they predicted square to lose half its businesses 🤔 I'd think their is some correlation.. no? Pro The recovery?
Source: CNBC - 🏆 12. / 72 Read more »