Investors looking for somewhere to park their money in the new year may want to consider these top stock options, according to Bank of America. The bank announced its 11 favorite names for 2023 in a note to clients on Wednesday. Don’t be surprised if challenges remain in the new year as the Federal Reserve raises rates, inflation persists and recession concerns rise. However, some names may be better at handling volatility, according to Wall Street firms. “Because of our house’s view that 2023 could be a story of two halves – recession and recovery – stocks can differ in the two periods, and we note the recession and the recipient of the recovery below,” wrote Savita Subramanian, head of US equities and quantitative. strategy. As for the uncertainty, here are some names that Bank of America recommends: One option on the radar is Analog Devices, a semiconductor stock that is expected to sell off by 7% in 2022. Bank of America sees the stock as a labor automation expert, trading at 20% discount for the rest of the sector. The consensus price target on the stock also led to a nearly 20% rise from Tuesday’s close. Another 2023 name to buy is health care stock Humana, which is doing better in 2022 as investors flock to safe sectors. Shares rallied more than 10% and analysts expect that will continue as the recession looms. The bank also recommended the stock as a play in the first quarter. Energy hit a record high in 2022 as oil prices rose, finishing in positive territory while other S&P 500 sectors stalled. One of the leading ones is Exxon Mobil. Shares are up 80% and Bank of America is expected to do better thanks to its attractive 3.4% dividend yield, strong cash flow and high beta. Shares of insurer Arch Capital Group rallied more than 41% last year, but Bank of America expects the stock to benefit from lower interest rate volatility in the new year. With a possible recession on the horizon, Walmart should also benefit from consumers trading up to cheaper products, according to Bank of America. Tractor Supply is another stock marked by the investment bank in 2023. It is said to have a strong company balance sheet, domestic focus and potential for dividend growth, among other factors. – CNBC’s Michael Bloom contributed reporting