Traders share a light hearted moment while working on the floor at the NYSE in New York, U.S., December 17, 2019.simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.
, JPMorgan's chief US equity strategist and global head of quantitative research. He had rated the sector an "underweight" and described this move as one of his biggest out-of-consensus calls for 2019. The "underweight" he slapped on the sector last year was partly motivated by its rich valuation compared to peers. But after many months of underperformance, he says prices have been reined in sufficiently enough to go bargain hunting in that space.
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