J.P. Morgan Says Apple and Other Underperforming Stocks Should Lead the Market in Second Quarter (AAPL, BRCM, CHKP, ESRX, MYL, TASR, CHS)

24/7 Wall St.

Apple-storeWith earnings season kicking off next week and a plethora of challenging global news hitting the tape, investors are becoming a touch skeptical of the current rally. Are we hitting a bump in the road after strong gains and looking to rebound after a sell-off? Or are more obstacles currently present that could derail the march to the secular bull market?

J.P. Morgan Chase & Co. (NYSE: JPM) strategist Thomas Lee and his staff have concluded that leading stocks that underperformed in the first quarter of this year will pick up the baton and become the market leaders in the second quarter. In a research report released today, the mega Wall St. bank points out that the two worst-performing sectors in the first quarter have outperformed in the second quarter of the year in 2009, 2010, 2011 and 2012. They went on to point out that has been the case…

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