Bank of America is sifting through the rubble and likes these stable stocks on the dip

A shopper departs after visiting a Lowe's hardware store in Philadelphia, Pennsylvania, November 4, 2020.
Mark Makela | Reuters

It could be time to buy the dip on some strong and stable stocks that have been punished this year, according to Bank of America.

More In Investing trends

CNBC ProInsider buying is surging. What investors need to know and why it may not signal a market bottom
CNBC ProBuy these stocks to bet on the resilient U.S. consumer, Jefferies says
CNBC ProRestaurant chains saw traffic weaken in April, but there are some safe havens for investors