What happened
Jefferies, a global investment bank, has issued a note recommending three stocks that it believes can hold up well during a rocky period for the broader market. The firm's top small-cap strategist highlighted Citizens Financial Group, Okta, and McCormick & Company as steady quality names.
The recommendation comes as stocks are entering what Jefferies describes as a tough period. The strategist's picks are intended to help investors withstand potential volatility and uncertainty in the market.
Why it matters
For investors concerned about market turbulence, having a list of stocks that are perceived as more stable can be valuable. The endorsement from a well-known strategist may carry weight, especially for those who follow small-cap and mid-cap investment strategies. However, as with any investment advice, individual circumstances and risk tolerance should be considered.