CNBC Pro Picks 3 Resilient Stocks as S&P 500 Falls 1.4%
Updated
Updated · CNBC · Aug 23
CNBC Pro Picks 3 Resilient Stocks as S&P 500 Falls 1.4%
1 articles · Updated · CNBC · Aug 23
Summary
Kroger, Southern Co. and Cboe Global Markets topped a CNBC Pro screen for stocks that tend to rise when the S&P 500 drops sharply, with Cboe positive 75% of the time, Kroger nearly 70% and Southern 63%.
The screen came after the S&P 500 lost 1.4% last week as Treasury yields climbed, with investors staying uneasy over rising national debt despite Treasury Secretary Scott Bessent's debt buyback announcement.
CNBC Pro limited the list to stocks that were up at least 50% of the time on major down days, posted positive average and median returns in those sessions, and still offered at least 5% upside based on analyst targets.
Kroger is down more than 7% in 2026 but carries more than 26% implied upside, Southern has gained 2% with nearly 10% upside, and Cboe is up almost 20% with another 6% projected.