In a new report, JPMorgan analyst Dubravko Lakos-Bujas described the firm’s cautiously bullish stance on energy stocks heading into 2016. The report included JPMorgan’s top 15 energy stock picks.
Time For A Change In Leadership
Lakos-Bujas pointed out that consumer discretionary stocks have outperformed energy stocks in each of the last seven years by a total of 260 percent. Macro market trends rarely have lasting endurance, and Lakos-Bujas believes that the time for a leadership change is approaching.
“Speculative positioning in Energy is already extremely short, and a reversal in technical could provide a significant lift for all assets tied to the energy complex,” he explained.
Energy Upgrade
Earlier this week, JPMorgan upgraded…
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