The 10 percent drop in stocks since the beginning of the year has investors seeking safe havens from greater market turmoil and deeper declines.

Savita Subramanian, head equity and quant strategist at Bank of America Merrill Lynch, this week provided a list of “high-quality” stocks that can help to ride out the market “death spiral.”

“The average S&P 500 stock is in a bear market, down more than 25% from its 52-week high. Stocks are down a lot. Let's move on,” she said in a Jan. 20 note obtained by Newsmax Finance. “For a one-year time horizon, we see healthy upside. Our year-end S&P 500 target remains 2,200.” The stock benchmark fell 3.5 percent to 1,815 by mid-day Wednesday.

The portion of companies beating Wall Street’s profit estimates and missing on revenue is at the highest since early 2009, while the gap between reported and adjusted earnings is the widest since 2008, according to BofA.

Subramanian list consists of large-cap companies with investment-grade credit ratings, low debt loads and greater-than-average cash reserves. They also are under-owned by active fund managers.

21 Stocks for Death Spiral Investing

1. Coca-Cola Co. (KO)
2. PepsiCo. (PEP)
3. Archer Daniels Midland Co. (ADM)
4. Procter & Gamble Co. (PG)
5. Cameron International Corp. (CAM)
6. Chevron Corp. (CVX)
7. C.R. Bard Inc. (BCR)
8. Edwards Lifesciences Corp. (EW)
9. Johnson & Johnson Inc. (JNJ)
10. Pfizer Inc. (PFE)
11. Raytheon Co. (RTN)
12. Emerson Electric Co. (EMR)
13. Rockwell Automation Inc. (ROK)
14. Qualcomm Inc. (QCOM)
15. Amphenol Corp. (APH)
16. Automatic Data Processing Inc. (ADP)
17. Analog Devices Inc. (ADI)
18. Intel Corp. (INTC)
19. Xilinx Inc. (XLNX)
20. Apple Inc. (AAPL)
21. DuPont (DD)

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