Investors may want to keep a special eye on a group of 15 stocks to ride out any future market volatility, according to Bank of America. The firm outlined its favorite "all-weather" stock picks that fared well in both value and growth environments and have outperformed the S & P 500 this year and over the past three-, five- and 10-years. The stock recommendations from Bank of America come on the heels of a turbulent period for Wall Street after a weak July jobs report sparked a global sell-off earlier this month and worries mounted that the Federal Reserve was behind the curve on rate cuts.
Stocks have since bounced back, with the S & P and Nasdaq both extending their longest win streaks since 2023 on Monday. To find its all-weather picks, Bank of America screened for stocks that its analyst rate a buy, and that have "balanced value & growth exposure." Here are some of the names that made the cut: Bank of America included Costco Wholesale among its picks for fair weather or storms.
Shares of the warehouse membership retailer have rallied nearly 33% since the start of the year, with shares up more than 6% just since the start of August. Earlier this month, Costco posted strong net sales for July. Sales came in at $19.
26 billion for the month, growing 7.1% year over year. Bank of America also included three industrial stocks in its all-weather stock list.
They included Parker-Hannifin , up more than 26% since the start of the year. Shares have gained more than 3% this month on .