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5 stocks to buy on the Brexit pullback: Jefferies

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With markets tanking around the world after the Brexit vote, Jefferies sees an opportunity for investors and recommends buying a specific list of stocks during the sell-off.

"Understanding which companies' fundamentals are most insulated and most impacted by UK/EU turmoil isn't that difficult, but what about the stocks where the market might now be overestimating or overly discounting fundamental risk?" Jefferies' equity research team wrote in a note to clients Monday.

The note added, "We acknowledge that volatility may persist at high levels for a while, but for those who believe that disruptions like this can create medium and long-term opportunities, we wanted to offer some stock ideas."

Here are five buy-rated stocks Jefferies recommends on the Brexit pullback.