HSBC Says Buy the Dip in These 11 Stocks -- Alphabet and Oracle Top the List

What happened

HSBC named 11 stocks it considers attractive after a broad market pullback, in a Thursday research note. The list includes Alphabet, Oracle, Applied Materials, Baker Hughes, Bloom Energy, Citigroup, Freeport-McMoRan, GE Vernova, NextEra Energy, Sempra and Vertiv.

Confirmed

Global impact / market context

The recommendations connect the pullback to business areas HSBC sees as supported by ongoing demand: AI infrastructure, cloud services, chipmaking investment and electricity use. If those trends translate into sales, the named companies could benefit, but the article does not give forecasts or guarantee that share prices will recover.

Analyst inference

Technology and industrial shares have lost about 8% to 9% over the past three months, while some industry groups have fallen nearly 20% from recent highs. HSBC argues parts of the decline exceed what underlying business conditions justify, making its list a selective buying view rather than a claim that all stocks are cheap.

Confirmed

What to watch

1. Check whether Alphabet and Oracle report continued cloud growth linked to AI, since weaker demand could undercut HSBC’s reason for including them after the pullback. Analyst inference
2. Watch chipmaking investment and electricity demand, the article’s stated supports for Applied Materials and energy and power companies, for signs those spending needs are strengthening or fading. Analyst inference
3. Compare future business performance with the pullback: HSBC’s view is that some declines were excessive, but the note’s recommendations do not establish that share prices will rebound. Analyst inference

Evidence

• gurufocus.com