Three stocks hurt by a strong U.S dollar stand to see a bounce once its rally ends, Bespoke Investment Group's Paul Hickey said Wednesday.
Since 1971, there have been 20 quarters in which the U.S. dollar has seen a drop of at least 5 percent, he said on CNBC's "Fast Money." In the quarters following, three sectors have historically rebounded: Materials, industrials and energy.
"The dollar's going to see a reversion to the mean, and I think these sectors, which are deeply oversold, are going to outperform going forward," Hickey said. "Look at energy this quarter. It's just been decimated. And at some point, these things have to bounce."