WBD - Citi screens for quality growth stocks in this pullback

Citi says investors should still be looking for quality stocks when dealing with the Fed rate hike cycle and a possible recession. "Admittedly, stocks with high-quality attributes have not been immune from this year’s volatility," equity strategist Scott Chronert wrote in a note. "Why? Essentially, Quality factor attributes do not completely insulate a stock from multiple contraction, sector performance dynamics, or company specific fundamental disruption." "Nevertheless, they may limit single-stock volatility relative to alternatives," Chronert said. "Further, business model stability should provide some relative performance respite to macro and rate policy concerns, while participating to the upside, should the broader market mean revert higher." We "look at some recent Quality factor performance trends and characteristics, and incorporate two screens of Citi Buy-rated stocks where multiple contraction combined with Quality characteristics set up for buying opportunities." The first screen is Buy-rated stocks in the Russell 1000 (IWB) with the following characteristics:

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Citi screens for quality growth stocks in this pullback