A broad selloff erupted Monday morning in U.S. stock markets as investors feared a contagion if Greece is forced to exit the euro.
Almost 90 percent of the members in the S&P 500 were lower midmorning.
But that's just what value investors wanted, who started getting their buy lists for clients and themselves ready for U.S. stocks Sunday night.
"Make a shopping list of quality names, dividend aristocrats and European equities to buy," wrote Mark Luschini, chief investment strategist at Janney Montgomery Scott. "Only when we have definitive evidence that a 'Grexit' is a foregone conclusion should a market sell off more."
The sentiment among these unfazed bulls is that the European banking system is in much better shape than four years ago, when another Greek crisis broke out. More importantly for U.S. stocks, hedge fund and bank exposure to Greece debt is much less this time around. So the "margin call" effect of U.S. investors forced to sell holdings to put out fires in their global portfolio will likely be minimized, they said.
Consumer stocks were a big favorite of this dip-buying crowd with strategists noting that a stronger dollar off of the global turmoil would boost the attractiveness of domestically focused companies. An increase in wealth from the strong currency would also boost consumer spending, which is already on the move higher.
CNBC Pro reviews the favorite names in that sector and other stocks that made the watch lists of these investors.
