News: Underweight (stock Market)

The Motley Fool - Energy stocks have underperformed the market so far this year. Is it time for a turnaround?

With the stock market on a tear lately, CNBC asked two analysts where investors should be looking in this market. Les Satlow said he is very bullish on the financials. He said a lot of the financial stocks are despised right now, and many equity managers are underweight financials. Using technical analysis, it is easy to see why he is so bullish.

While the broader market has adjusted lower, technology stocks have thus far held off retesting lows. The Dow and S&P 500 are finding new footing, but until today, the Nasdaq has avoided drastic decline. Thus, Wall Street Greek recommends underweighting tech stocks ahead of a tough June quarter EPS season.