Market strategy and sector research firm Fundstrat on Tuesday noted "timely" long-term investment opportunities given the current market backdrop.

"Long and intermediate-term uptrends [remain] intact for most markets," the firm noted. But, there is a "growing" list of short-term tops transpiring within the equity markets investors must be aware of. 

Namely, investors should take a more cautious approach on International equity markets as they begin to show signs of stalling growth. But, the U.S. Dollar Index (DXY) "continues to bottom intermediate-term and is expected to move above next resistance near 94 in the coming weeks," Fundstrat said.

U.S. equities, within sectors equipped with "intact" cyclical trends, continue to be attractive, the firm added. 

"The percentage of stocks with positive intermediate-term relative performance trends within the Financials, Technology, Auto Related, Industrials, Materials, and Energy are now above 70-80% reflecting the established/confirmed uptrends in most Cyclical sectors," Fundstrat stated.

Given that current backdrop, Fundstrat has recommended 12 stocks it considers "timely" long-term candidates.

In healthcare, the firm is bullish on Medtronic (MDT) - Get Report , Edwards Lifesciences (EW) - Get Report , IDEXX Laboratories (IDXX) - Get Report , and Cooper Companies (COO) - Get Report . In the financials, Fundstrat likes Bank of America (BAC) - Get Report , JPMorgan (JPM) - Get Report , and Morgan Stanley (MS) - Get Report .

Lennar Corporation (LEN) - Get Report , Masco (MAS) - Get Report , and Fortune Brands Home & Security (FBHS) - Get Report are the firm's top picks in the housing sector. And regarding retail, Fundstrat is bullish on AutoZone (AZO) - Get Report , and Tractor Supply Company (TSCO) - Get Report

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