Here are the sectors and stocks that could be trading at a discount right now.
Full Video Transcript Below:
ART HOGAN: So what’s been interesting is even with this sell off, we’ve had some different sectors outperforming this year. And it makes sense. So some very defensive sectors like health care and consumer staples and real estate have outperformed in the top three performers in the S&P 500. That makes sense. But that can that can go too far. So for us, we think healthcare is going to be a great sector this year, but we think staples have gotten expensive. Be careful with that defensive mode, because once we get some good news on the administration’s policies, we’re going to see people flooding back into technology. And I would tell you right now, technology is as cheap as we’ve seen it for three years.
So you might want to start making a list of those stocks that perhaps you missed over the course of the last couple of years and penciling in, and I think there’s going to be some good buying opportunities, especially in those names that are tied to artificial intelligence, whether it’s Nvidia NVDA, which is down significantly from its all time high, I think Microsoft MSFT would certainly fall into that bucket. And another sector that has been adversely affected over the course of the last couple of weeks has been financials.
And some of the best banks out there, like JPMorgan JPM, are trading at multiples we haven’t seen in the better part of six months. So I think there’s opportunity. You don’t have to dive right in, but keep your eye open for things that you’ve always wished that you had bought. Start writing down that list, and I think you’re going to get some opportunities over the coming weeks here.
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