‘Bunker’ and ‘Booster’ stocks in the U.S. – Which would perform better in a downturn vs. upturn?
Nov. 27, 2024 11:21 AM ET
By: Monica L. Correa, SA News Editor
 JoeyCheung/iStock via Getty Images
BofA Securities highlighted their lists of “bunkers” and “boosters” U.S. stocks.
“Boosters” tend to perform well in an economic upturn, while “bunkers” tend to perform well during a downturn, wrote Nigel Tupper, chief global quantitative strategist at BofA, in a note.
These are stocks from the MSCI USA Index (BATS: PBUS) with a market cap greater than $2B and an average daily turnover in the last six months greater than $1M.
Bunker stocks in the U.S. have the most exposure to dividend stocks, with an average quintessential style rank of 67, followed by quality, ranking at 61 – a ranking of 1 is the worst, and a ranking of 100 is the best.
Booster stocks in the U.S. are most overweight risk with an average quintessential style rank of 74; followed by value, ranking at 72; and small size, ranking at 64.
The overall characteristics of boosters include value, high growth, lower quality, high risk, momentum, and small size. The overall characteristics of bunkers include value, higher quality, low risk, momentum, high dividend, and large size.
Here are the U.S. bunkers:
- Home Depot ( HD)
- McDonald's ( MCD)
- Costco ( COST)
- General Mills ( GIS)
- Hershey ( HSY)
- Kroger ( KR)
- Mondelez ( MDLZ)
- PepsiCo ( PEP)
- Procter & Gamble ( PG)
- CME Group ( CME)
- Fiserv ( FI)
- MSCI ( MSCI)
- Abbott Labs ( ABT)
- UnitedHealth ( UNH)
- Zoetis ( ZTS)
- ADP ( ADP)
- Fastenal ( FAST)
- Paychex ( PAYX)
- Marsh & McLennan ( MMC)
- Air Products ( APD)
- Accenture ( ACN)
- Adobe ( ADBE)
- Cadence ( CDNS)
- Fortinet ( FTNT)
- Synopsys ( SNPS)
- Tyler Tech ( TYL)
- American Electric ( AEP)
- American Water ( AWK)
- Atmos Energy ( ATO)
- WEC Energy ( WEC)
Here are the U.S. boosters:
- Expedia ( EXPE)
- Hyatt Hotels ( H)
- MGM Resorts ( MGM)
- Celsius ( CELH)
- Ally Financial ( ALLY)
- APA Corp ( APA)
- Baker Hughes ( BKR)
- Cheniere Energy ( LNG)
- Devon Energy ( DVN)
- Diamondback ( FANG)
- EOG Resources ( EOG)
- EQT Corp ( EQT)
- Halliburton ( HAL)
- Hess Corp ( HES)
- Marathon Oil ( OTC:PDPR)
- Marathon Petrol ( MPC)
- Targa Resources ( TRGP)
- Valero Energy ( VLO)
- Builders FirstSource ( BLDR)
- CNH Industrial ( CNH)
- Albemarle ( ALB)
- CF Industries ( CF)
- Freeport-McMoRan ( FCX)
- Nucor ( NUE)
- Steel Dynamics ( STLD)
- Westlake ( WLK)
- Liberty Media Formula ( FWONK)
- First Solar ( FSLR)
- Microstrategy ( MSTR)
- Pure Storage-A ( PSTG)
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