(Reuters) - J.P. Morgan analysts recommended 16 stocks, including 3M Co , Google Inc , McDonald's Corp , Merck & Co , and Visa Inc , that they believe will be able to outperform a weakening global economy over the next 12 to 18 months.
Shares of companies that possess substantial financial resources, a profitable business model, and rank high in terms of cash return to shareholders are featured on the select group, collectively called "The Franchise 16," the analysts said in a note titled "Stocks to Own Beyond the Market Turmoil."
The 16 stocks, all rated "overweight," are:
3M Co
Baxter International Inc
Colgate-Palmolive Co
CA Inc
Devon Energy Corp
General Mills Inc
Gilead Sciences Inc
Google Inc
Hewlett-Packard Co
McDonald's Corp
Merck & Co Inc
Monsanto Co
Nucor Corp
Philip Morris International
Union Pacific Corp
Visa Inc
(Reporting by Anand Basu in Bangalore; Editing by Pratish Narayanan)
