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 (NYSE:MMM - News)

Baxter International Inc (NYSE:BAX - News)

Colgate-Palmolive Co (NYSE:CL - News)

CA Inc (NYSE:CA - News)

Devon Energy Corp (NYSE:DVN - News)

General Mills Inc (NYSE:GIS - News)

Gilead Sciences Inc (NasdaqGS:GILD - News)

Google Inc (NasdaqGS:GOOG - News)

Hewlett-Packard Co (NYSE:HPQ - News)

McDonald's Corp (NYSE:MCD - News)

Merck & Co Inc (NYSE:MRK - News)

Monsanto Co (NYSE:MON - News)

Nucor Corp (NYSE:NUE - News)

Philip Morris International (NYSE:PM - News)

Union Pacific Corp (NYSE:UNP - News)

Visa Inc (NYSE:V - News)

Beginning of September we warned that the seasonal trade was on.  We expected a bearish September and a potential bottom in October.

After reading headline news and cover of TIME, VIX 60+ readings, I am starting think risk/reward is beginning to be favorable on the long side.  TIME historically has been a great contrarian signal.  With that said, we are looking to go long with potential rally into December.  If we take out 2002 lows, then we may be entering the new Great Depression.