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These market subgroups could have significant untapped potential, two traders say

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These market subgroups could have significant untapped potential, two traders say

Article by Lizzy Gurdus. CNBC – March 18, 2021.

The search for untapped potential in this market is on as stocks hit new all-time highs.

The Dow Jones Industrial Average and S&P 500 notched fresh closing records on Wednesday following the Federal Reserve’s decision to leave interest rates unchanged as U.S. economic growth accelerates.

But with the U.S. 10-year Treasury yield near levels not seen since January 2020, high-growth sectors such as technology and health care are still struggling, the two biggest losers in the past month while energy and industrials take the lead.

UBS analysts released a note Tuesday upgrading tech and downgrading communications services and health care, citing tech’s recent underperformance. […]

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