3 stocks to survive a downturn

It's nice to be on top — especially if your company's stock is so dominant it can survive a downturn. Based on achievable multiples, shares of Boeing, Microsoft and MasterCard are nearly bulletproof, according to Marc Pinto, portfolio manager of the Janus Large Cap Growth, Opportunistic Growth and Focused Equity strategies.

"They're well-known, but there's also a lot of growth in them," Pinto told CNBC's "Fast Money: Halftime Report" on Monday. "And the valuations, in our view, seem reasonable."

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Boeing

With the shares down nearly 12 percent over the past year, aerospace giant Boeing has been plagued by a regulatory investigation into the program accounting for its 787 Dreamliner and 747 jumbo aircraft. The probe prompted one JPMorgan analyst to downgrade the stock for fear of a "damaging overhang" that could impact sentiment.

At the time the investigation was reported Boeing had no comment, according to media reports.

But Pinto still sees growth prospects for the company's sales in China, where there is a fraction of the planes per capita compared to the U.S.

"There's certainly pockets of weakness in the industrial side of things, and there's no question it's a tough sector to make money in," Pinto said. "But one of the things we like about Boeing is that the commercial aircraft cycle, we think, is still in really good shape. Boeing's got a backlog of seven to eight years and there's a lot of demand for commercial aircraft coming out of China."

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Mastercard

Though their shares have dipped around 5 percent since the beginning of the year, Visa and MasterCard are set to overtake smaller competitors in overseas markets, Pinto said.

"The payment space is growing significantly faster than the economy, and both MasterCard and Visa are growing faster than the overall payment space because they're gaining market share," Pinto said. "We prefer MasterCard slightly, we think they're slightly better positioned ... it's a company that we've gotten to know over the years."

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Microsoft

Microsoft shares have popped more than 30 percent over the past 12 months. But it's the tech giant's slight premium to the S&P 500 and 1.8 percent dividend yield that Pinto is eyeing.

"It's in one of the most exciting segments that we see right now as far as the cloud and cloud infrastructure," he said.

Indeed, Pinto also pointed to tech companies like Adobe and Alphabet as top indestructible picks, though he's not sure competitor Apple is quite as hardy. He estimates Apple has 80 percent of smartphone profits already, which may mean future growth will slow.

"I think Apple is challenged by the law of large numbers," Pinto said. "I still think it has growth potential. I think the growth is clearly tied to the iPhone cycle, and the refresh rate and the frequency with which customers get new iPhones."

Disclosure: It could not be immediately ascertained if Pinto or the fund he manages has positions in the companies mentioned.