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6 Stocks Citi Says To Buy As The Bull Market Enters A New Stage Of Volatility

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  • Citi flagged six stocks to buy as it eyes a new phase of market volatility.
  • The names are the newest additions to an ongoing list of buy-rated stocks maintained by the bank.
  • The bank trimmed stocks that have been badly hurt amid the AI-led sell-off.

The AI apocalypse means investors should turn their attention to an emerging group of stock market winners.

In a note to clients this week, strategists at Citi said the bank revised its Thematic 30 Recommended List, a list of 30 buy-rated stocks that align with the bank's various investment themes.

The changes were made to create a better balance between some themes — like the bank's focus on "AI at a Reasonable Price — and to account for the recent bout of volatility in markets, strategists wrote.

"Essentially, own beta but differentiated types in this more volatile stage of the bull market," the bank said on Wednesday, referring to the recent sell-off stemming from AI disruption fears.

The bank said it continued to follow a barbell approach between growth and cyclical stocks, referring to an investment strategy that exposes investors to both high- and low-risk assets to protect against downside if one asset underperforms.

The firm also trimmed some stocks that have been badly hurt amid the recent sell-off, including AppLoving, DocuSign, and Pinterest.

Here are the bank's newest investing ideas amid the heightened volatility:

Kirby Corp

: Bruce Punger/GHI/UCG/Universal Images Group via Getty Images

Ticker: KEX

Sector: Industrials

YTD performance: +14%

Winnebago Industries

Gabe LHeureux/Getty Images

Ticker: WGO

Sector: Consumer Discretionary

YTD performance: +12%

nVent Electric

Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images

Ticker: NVT

Sector: Industrials

YTD performance: +9%

Boeing

Kevin Carter/Getty Images

Ticker: BA

Sector: Industrials

YTD performance: +2%

HB Fuller

LUC CLAESSEN/BELGA MAG/AFP via Getty Images

Ticker: FUL

Sector: Materials

YTD performance: +8%

Palantir

Laurent Hou / Hans Lucas / AFP via Getty Images

Ticker: PLTR

Sector: Information Technology

YTD performance: -19%

Read the original article on Business Insider