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HSBC said in a November 12 client note that the recent equity market pullback has been overdone and named 11 stocks it rates Buy after sharp declines: Alphabet, Applied Materials, Baker Hughes, Bloom Energy, Citigroup, Freeport-McMoRan, GE Vernova, NextEra Energy, Oracle, Sempra and Vertiv. The call frames the selloff as a valuation dislocation rather than a fundamental deterioration, spanning megacap technology, semiconductors, energy and utilities, financials and industrial electrification names. It matters because it signals a major broker pushing back on the prevailing risk-off tone and steering clients toward quality names hit hardest. What to watch next is whether these beaten-down leaders stabilize and outperform as investors rotate back into oversold quality.

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