Stocks will continue to struggle but dividends are a safe bet, Bank of America strategist says

A woman walks by the Wall Street subway station sign on March 23, 2020 in New York City.
Angela Weiss | AFP | Getty Images

(This story is for CNBC Pro subscribers only).

The Wall Street strategist with the lowest target for the S&P 500 said Wednesday that parts of the stock market are still attractive to investors, including companies with secure dividends. 

Bank of America's head of U.S. equity and quantitative strategy Savita Subramanian said on "Squawk Box" that she recommends being overweight in certain sectors because their dividends are still safe and will hold up better than in the last crisis.

More In PRO Uncut

CNBC ProHere's how Goldman Sachs' top economist explains the huge jobs report miss
watch now
CNBC ProWhat Goldman's economist thinks the April jobs numbers mean for the economy
watch now
CNBC ProExpedia CEO Peter Kern on vacation rental success and Q1 earnings