Investor sentiment has suffered dramatically due to the recent market downturn brought on by rising inflation, the Fed's aggressive policy and concerns about the impending economic recession.

The S&P 500, which returned nearly 27% to investors last year, has lost more than 19% year-to-date. The World Bank cut its global growth outlook, with PresidentDavid Malpasswarning that "for many countries, [a] recession will be hard to avoid."

Despite this, market strategists believe there are still opportunities for investors to generate returns, though they may need to be highly selective.

Here is a list of recent upgrades that an...