Wall Street ended a bad quarter on Friday, with the S&P 500 posting its third consecutive quarterly decline since 2009. As a new period begins, RBC Capital Markets has made its name for the year. a range of stocks that they think are poised to weather the current macro climate. In the two trading days since the end of the third quarter, stocks have rebounded slightly, but it’s been a rough year for investors. The S&P 500 is still down about 21%, though it’s heading for its best 2-day gain since 2020. And last quarter’s problems are still near. Inflation remains near record highs and the war in Ukraine is intensifying. The Federal Reserve has raised interest rates by a total of 3 percentage points this year. But with inflation lingering, it signaled that at least another 0.75 percentage point rally could be on the horizon before the year ends, despite recession fears and calls for the country to brake. urgent. RBC expects exciting waters ahead but expects 30 highly convincing names to bring strong upside potential for investors in this gloomy time. Here’s a pick of some of those stocks: Shares of Conocophilips are up about 59% since 2022 began. Sanctions on Russia following its invasion of Ukraine have boosted record oil and gas prices this year, which has supported stockpiles. With a price target of $130 a share, the bank believes the stock could rise another 18% from Monday’s close. Analyst Scott Hanold points out that Conocophillips is well-positioned to outperform its large-cap manufacturing and exploration peers due to its low break-even point. CrowdStrike’s stock is down more than 14% this year. RBC attributed part of the drop to investors moving away from growth stocks during the Fed’s tightening cycle. Shares could be up 39% from Monday’s close with RBC’s $236 price target. “We see CrowdStrike as a land-based scaling model that benefits from SaaS delivery and the ability to quickly add more modules without additional configuration or consulting,” writes analyst Matthew Hedberg. fig”. “The long-term strength of the installation base should result in strong net expansion rates as the company cross-sells additional (terminal) and modular seats.” Palo Alto Networks technology stock is set to post a potential 37% gain from Monday’s close, based on RBC’s target. Shares of the cybersecurity company have risen relatively well against the broader S&P 500, with the stock down about 6%. Hedberg suspects the growing need for complex security systems will create headwinds for the stock in the future, positioning Palo Alto Networks as the market leader. On the consumer front, RBC added owners of Burger King and Popeyes Restaurant Brands International to its top picks for the quarter. Certainly, a decline in consumer spending patterns could threaten restaurant visits. However, strong unit and revenue growth should support the stock’s valuation, and RBC’s $70 price target implies 29% growth. “QSR is our flagship concept in the highly franchised restaurant group, with our positive argument underpinned by driving hot trends, the potential to improve unit growth , benefits from the new Burger King strategy and attractive pricing, in our view,” the bank wrote. Investors have found some safety this year in defensive sectors like healthcare. That has boosted UnitedHealth’s stock by more than 3% since January. Operating across broad sectors of the US healthcare industry, RBC expects the company to provide an attractive long-term growth trajectory for investors. Shares of fertilizer maker Nutrien and utility company PG&E also made the list.