BANK OF AMERICA: These 13 cheap stocks could skyrocket 35% or more — because they're shielded from recession and a sharp China slowdown
, Savita Subramanian — head of US equity & quantitative strategy for the firm — has compiled a list of stocks with a couple of clear strengths that give them a shot at huge gains in a radically reshaped market.
She writes that those stocks are have Bank of America's highest-conviction "Buy" ratings as well as these three qualities. "1) The outlook does not materially rely on China demand or supply; 2) the demand outlook is not overly discretionary - either defensive or secular; 3) valuations have fallen well below avg. or are at levels that reflect a recessionary backdrop," she wrote.
Combined, that makes a group of equities that is relatively protected against damage to both manufacturing difficulties and
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