With Dow and the S&P 500 both down more than 10% from their highs, investors have three paths to choose: panic and run for the hills, hunker down and hope for the best, or get some ambition and look for opportunities. For those who are looking for opportunities, Oppenheimer issued a portfolio strategy “Macro Musings” calling for investors to buy the bull market leaders.

While Oppenheimer is not exactly recommend that you go out and leverage up or mortgage your house to buy stocks, its Equity Risk Model remains moderately bullish for equities. The firm has seven bull market leaders that have all pulled back sharply and which it thinks are the ones to buy in this pullback.

Currently, seven of the model’s 10 component indicators are bullish and three are bearish. Oppenheimer decided to do an update due to recent market volatility, and the report said:

We suspect the most intense phase of the sell-off has already taken place; now the market will need some time to stabilize before moving sustainably higher. Option volume and volatility indicators have reached extremes not seen in several years, while measures of oversold have touched levels typically reserved for significant market lows. The key conclusion is that we want to be buyers of bull market leadership. … Please note that five of these seven stocks recorded new 52-week highs as recently as July, and that all seven have corrected by double-digit percentages over the past few weeks.

ALSO READ: 5 Defensive High-Yield Stocks to Survive the Sell-Off Carnage

The firm is revisiting its Triple Play Outperform-rated names with positive earnings revisions and an attractive technical profile seen before this sell-off hit. Top sectors include health care, financials and consumer discretionary. These are the seven stocks with Outperform ratings that it is revisiting as market leaders, but this is a technical and macro team call, so it is not necessarily using the firm’s fundamental analyst price targets.

Apple Inc. (NASDAQ: AAPL) closed Monday at $103.12 and was indicated up 5% at $108 or so in Tuesday’s premarket. It has a 52-week trading range of $92.00 to $134.54. The stock was down 24% from its high as of Monday’s close. Apple has that huge buyback plan to boost its interest as well, and the shares have pulled back enough to where its dividend yield is now roughly 2%.