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 ProGoldman picks stocks poised to benefit from the multitrillion-dollar ESG opportunity ahead
CNBC ProConsider hiding out in these tech stocks during a bear market, Bernstein says
CNBC ProBack-to-school investing preview: Possible recession looms over retailers' busiest half of the year