Trade war tensions are on the rise, hitting the globally sensitive industrials stocks hard. Amid the uncertainty, one analyst sees opportunity.
Despite the uncertainty, one technical analyst sees an opportunity to buy the dip.
Historically, the XLI ETF has averaged a 14% rate of change in the 12 months after it has underperformed the market, according to Oppenheimer data. "The bigger challenge is trade talks and just the outlook for trade. Trade has been cyclically turning down for the last 12 months and that makes a lot of sense as to why the industrials have been getting hit and I don't see that necessarily picking up in the next 12 months," Sanchez said on the show Monday.
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