‘Don’t waste a good sell-off’: HSBC names 11 Buy-rated stocks after pullbacks

What happened: HSBC said the recent stock market correction looks overdone and named 11 Buy-rated stocks it said investors can pick up after sharp declines. Key numbers: Tech and industrial stocks each fell 8% to 9% over the past three months. Some sub-sectors dropped close to 20% from peaks. Defensive sectors trade near one-year highs. Why it matters: Strategist Nicole Inui said the correction has been overdone, especially in oversold sub-sectors including semis and capital goods. The list leans toward companies tied to rising electricity and data center demand. Market: +0.5% today ($388.22), +44.7% YTD, 0.1x vol — as of 14:49 UTC

HSBC said the recent stock market correction looks overdone and named 11 Buy-rated stocks it said investors can pick up after sharp declines.

Strategist Nicole Inui said the correction has been overdone, especially in oversold sub-sectors including semis and capital goods. The list leans toward companies tied to rising electricity and data center demand. Market: +0.5% today ($388.22), +44.7% YTD, 0.1x vol — as of 14:49 UTC