The first-quarter earning season begins today with the quarterly ritual of perennial lousy, or at least lackluster, earnings leading off the deluge of reports, from aluminum giant Alcoa Inc. (NYSE: AA). Investors began to cringe on Friday when a terribly disappointing nonfarm payroll number of just 88,000 new jobs were reported. Estimates from Wall St. were in the 200,000 range. The market managed to trim losses by the end of the day and only close down 40 points.

Against a backdrop of a tremendous rally that actually began after the presidential elections last November, more and more investors are becoming anxious because they are not involved. A 13-year secular bear market and two numbing market sell-offs have taken their toll on investor psyche. In a new report, the equity strategy team at Deutsche Bank A.G. (NYSE: DB) has screened for the names investors can buy today and feel comfortable with.

Deutsche Bank advised investors to resist the urge to sell last week because they expect the S&P 500 to advance well into record-high territory this spring. They gave three specific reasons:

1. The Federal Reserve reiterated its commitment to asset purchases until the job market gets considerably better.
2. Congress passed a budget resolution alleviating the possibility of shutdown risk.
3. They are expecting good first-quarter earnings reports, with 5% to 6% year-over-year growth.

With those three positives as a backdrop here are the stocks to buy now:

Leading the ratings parade again, broadcasting giant CBS Corp. (NYSE: CBS) kicks off the Deutsche Bank list. The Jeffries price target for the stock is $50. The Thomson/First Call estimate is right in line at $49.

Dow component E. I du Pont de Nemours & Co. (NYSE: DD) is a stock to buy now. It is a strong benefactor of domestic and global economic growth. The Deutsche Bank target for this market leading stock is $55. The Wall St. consensus price target is $52. DuPont pays investors a solid 3.5% dividend.

Worldwide entertainment leader Walt Disney Co. (NYSE: DIS) is always a solid portfolio name. From theme parks to the ABC television network and ESPN, Disney has multiple streams of earnings. The Deutsche Bank price target is $63, and the consensus is right in line at $62.50. Disney pays a small 1.30% dividend.

With a potential for strong first-quarter earnings, buoyed by the surge in home building, Honeywell International Inc. (NYSE: HON) is a stock to buy now. The price target for this diversified blue chip is $88. The consensus target is much lower at $78. Honeywell pays a 1.65% dividend.

International Business Machines Corp. (NYSE: IBM) is another Dow component among many on the list. It has large recurring income streams from its service business, and the price target for big blue is $240. The consensus estimate is $230. IBM pays a small 1.60% dividend.

European chemical giant LyondellBasell Industries N.V. (NYSE: LYB) is one of the few foreign-based blue chips on the list. The Deutsche Bank target for the stock is $75, and the consensus price target estimate is $71.

Fast-food behemoth McDonald’s Corp. (NYSE: MCD) is on the menu, with its constant expansion in the United States and abroad, and an expanded menu to suit consumer tastes. The price target for the stock is $108. The consensus target is $103. McDonald’s pays investors a solid 3% dividend.

Worldwide oil field services leader Schlumberger Ltd. (NYSE: SLB) is a solid stock to buy now. It benefits from solid West Texas and Brent crude pricing. The Deutsche Bank price target for the stock is $91. The consensus target is right in line at $92. Investors receive a 1.70% dividend.

Rounding out the list of stock to buy is gaming giant Wynn Resorts Ltd. (NASDAQ: WYNN), with its opulent and profitable resorts in Las Vegas and Macau. The Deutsche Bank price target for this Wall St. favorite is $146. The consensus estimate is $141. Wynn pays investors a good 3.40% dividend.

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Clearly the team at Deutsche Bank wants to be involved in equities that are the bluest of blue chips. For investors, that advice makes good sense. With the market seemingly ready for a correction, putting new capital to work in big, liquid names is a smart idea. Investors also may want to buy half positions now and see if that possible correction doesn’t provide the ability to buy the other half cheaper.

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