Stock Picks to Buy: 23 Long-Term Investments From Bank of America – Business Insider

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  • Markets are experiencing turbulence with interest rate and inflation uncertainty driving up volatility.
  • Investors should focus on stocks with potential for long-term growth, according to Bank of America.
  • The bank listed 23 stocks to add to your portfolio if you’re looking for long-term returns.

It’s been a wild year for stocks.

High inflation and uncertainty over the Federal Reserve’s hiking schedule have injected a significant amount of volatility into markets.

The VIX, an index which measures the volatility level of the S&P 500, has surged and is up 72.4% year-to-date. Meanwhile, investors have rotated away from riskier assets like tech stocks and bitcoin, pivoting to safe havens like gold and 10-year Treasury notes.

But that shouldn’t discourage retail investors from adding stocks that are well-positioned for the long-term to their portfolios, according to Bank of America. The bank’s thematic investing department recently published a list of equities with exposure to demographic-based, long-term trends.

Thematic investors focus on trends that drive growth, rather than specific companies or sectors. Several analysts have argued that growth stocks are now available at a significant discount.

“According to our valuations, the growth category is now the most undervalued,” Morningstar‘s Dave Sekera said earlier this month. “Now is not the time to be reducing exposures but to be adding judiciously—especially in high-quality companies.”

Here are the 23 US-listed stocks that Bank of America says will benefit from long-term trends:

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