There are now opportunities to buy oversold stocks in every sector, says Christian Gattiker-Ericsson, strategist at Julius Baer.
"The market is discerning between the winners and losers -- and not just in financials," said Gattiker-Ericsson.
For instance, "JP Morgan and Bank of America have different risks than the weaker banks," he said.
"We see some companies being sold off without the [justification of] higher risk. Our tactical indicators are showing many oversold companies."
The strategist advised investors to consider defensive sectors like health care -- and choose carefully.
Top Health Care Stocks:
- Johnson & Johnson
- Procter & Gamble
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