Barron’s recently looked for what it called “a dirty dozen beaten-up stocks that could bounce.”

"Don’t forget, we don’t want to take unnecessary risks—buying bad businesses just because they are cheap. All companies selected have below average debt and have generated positive free cash flow over the past year," Barron's said.

Meanwhile, stock prices also must be down 25% year-to-date and down since July.

The new dozen stocks are still down about 37% year to date on average.

The new group’s valuation multiples are all over the place. Some of the energy companies, for instance, aren’t expected to make much money at lower prices. Citigroup, on the other hand, trades for less than 8 times estimated 2021 earnings.

Barron’s latest dirty dozen:

1. ConocoPhillips (COP),
2. Pioneer Natural Resources (PXD),
3. EOG Resources (EOP),
4. Chevron (CVX),
5. Cirrus Logic (CRUS),
6. FLIR Systems (FLIR),
7. Hexcel (HXL),
8. World Wrestling Entertainment (WWE),
9. Euronet Worldwide (EEFT),
10. Jabil (JBL),
11. CDW (CDW)
12. Citigroup (C).

Meanwhile, other recent data show some investors are wary of taking a chance in such a volatile market.

Pension and sovereign wealth funds are set to offload about $200 billion of equities as they rebalance their portfolios, posing a risk for global shares, according to JPMorgan Chase & Co.

This would be the most negative quarterly adjustment since the pandemic hit, strategists led by Nikolaos Panigirtzoglou recently told Bloomberg. The overall figure stems from calculations spanning U.S. defined-benefit pension portfolios, Japan’s Government Pension Investment Fund and Norway’s oil fund.

“This negative rebalancing flow becomes even more problematic given this month’s sharp decline in equity market depth,” they wrote in a note.

Institutions tend to adjust portfolios each quarter to maintain their target asset allocation. A gauge of global stocks has climbed about 10% since the end of June, exceeding returns from fixed income and pointing to the need for some funds to adjust their investment mix back to preferred limits.

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