Bank of America said investors should keep a close eye on a group of 15 stocks to weather future market volatility. The firm outlined its favorite “all-weather” stocks that have performed well in both value and growth environments, outperforming the S&P 500 this year and over the past three, five and 10 years. Bank of America’s stock recommendations follow a turbulent period on Wall Street after a weak July jobs report earlier this month sparked a global sell-off and concerns grew that the Federal Reserve was lagging on rate cuts. Stocks have since rebounded, with the S&P and Nasdaq extending their longest winning streaks since 2023 on Monday. To find its all-weather picks, Bank of America looked for stocks its analysts rate as buys and that have “balanced value and growth exposure.” Here are some of the names that made the cut: Bank of America included Costco Wholesale in its fair weather or storm picks. The membership warehouse retailer’s shares have rallied nearly 33% year-to-date, with shares up over 6% since the beginning of August alone. Earlier this month, Costco posted strong net sales for July. Sales for the month totaled $19.26 billion, up 7.1% year-over-year. Bank of America also included three industrial stocks in its all-weather stock list, including Parker Hannifin, which is up over 26% year-to-date. Shares have gained over 3% this month on better-than-expected earnings in the fiscal fourth quarter. The company also provided robust future guidance. PH YTD Mountain Stocks This Year Analog Devices was also recommended by BofA and the semiconductor stock will report earnings on Wednesday. Shares have gained nearly 13% year-to-date. O’Reilly Automotive and Vertex Pharmaceuticals were added to the Bank of America list. The best performing stock on the list was Progressive Corporation, which rose 50% this year.
BofA: Survive future market volatility with all-weather stocks
