American Express, Walgreens and JPMorgan are among the worst Dow performers so far this year, down by as much as 35% in Walgreens' case.
Craig Johnson, chief market technician at Piper Sandler, is more constructive on the market and sees further upside. However, he does agree with Sanchez on one of the best catch-up plays. "We're neutral on financials, but I would play JPMorgan in here. The stock is starting to make a nice series of higher highs and higher lows, a move above $105 sets the stock back up to go to about $110. So that's the name we'll be playing at this point in time," Johnson said during the same "Trading Nation" segment.
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