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HSBC declared the recent market correction overdone and issued a "don't waste a good sell-off" call, flagging 11 buy-rated stocks led by Alphabet ($GOOGL) and Applied Materials ($AMAT). The bank noted tech and industrial shares have fallen 8–9% over three months, with some sectors trading nearly 20% below their peaks. The list spans semiconductors, mega-cap technology and industrials, signaling HSBC sees the pullback as a entry point rather than the start of a deeper downturn. The call matters as a contrarian signal from a major sell-side house after a broad-based drawdown. Investors will watch whether the named names stabilize and whether other banks echo HSBC's view or push back on the "overdone" thesis.

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Named in this story

HSBC, Applied Materials, Alphabet (GOOGL), Walter Bloomberg

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