Bank of America Recommends Durable Stocks for Volatile Market

In a recent report, Bank of America has identified 15 stocks that investors should consider to navigate potential market fluctuations. These "all-weather" stock picks have demonstrated resilience, performing well in both value and growth environments, and have consistently outperformed the S&P 500 over various time frames, including the past year and decade. This recommendation comes after a turbulent period for Wall Street, marked by a disappointing July jobs report that triggered a global sell-off and concerns regarding the Federal Reserve's approach to interest rate cuts. Despite the recent market turbulence, stocks have shown signs of recovery, with the S&P 500 and Nasdaq extending their longest winning streaks since 2023. Bank of America’s selection process involved screening for stocks rated as a buy by analysts, focusing on those with a balanced exposure to value and growth. Among the highlighted stocks, Costco has emerged as a standout performer, with shares surging nearly 33% year-to-date and a notable 6% increase since early August, following a strong July sales report of $19.26 billion. Additionally, the list features three industrial stocks, including Parker Hannifin, which has seen a 26% rise in shares this year, bolstered by better-than-expected earnings and positive forward guidance. Progressive Corporation leads the pack as the best-performing stock on the list, boasting an impressive 50% increase in share value since the beginning of the year.