JP Morgan picks 16 stocks to beat market turmoil

(Reuters) - J.P. Morgan analysts recommended 16 stocks, including 3M Co (MMM.N), Google Inc (GOOG.O), McDonald's Corp (MCD.N), Merck & Co (MRK.N), and Visa Inc (V.N), that they believe will be able to outperform a weakening global economy over the next 12 to 18 months.

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 (MMM.N)

Baxter International Inc (BAX.N)

Colgate-Palmolive Co (CL.N)

CA Inc (CA.O)

Devon Energy Corp (DVN.N)

General Mills Inc (GIS.N)

Gilead Sciences Inc (GILD.O)

Google Inc (GOOG.O)

Hewlett-Packard Co (HPQ.N)

McDonald's Corp (MCD.N)

Merck & Co Inc (MRK.N)

Monsanto Co (MON.N)

Nucor Corp (NUE.N)