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A bounce may be coming for those momentum stocks that have been brought back to earth, which could open up another selloff, says BTIG's Jonathan Krinsky.
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Eli Lilly, AbbVie and Danaher Corporation are among the bank's top picks for stocks in the sector.
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Wall Street is evolving into a winner-take-all contest.
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Wall Street closes down sharply after Fed holds rates unchanged ReutersDow drops 1,100 points for worst day since April 2025 on fear the Fed is falling behind on inflation: Live updates CNBCU.S. Stocks Slide After Fed Pause, Escalation in Iran War WSJStock market today: Dow plunges by 1,100 points, S&P 500 and Nasdaq sink as yields rise on Fed's hawkish hold Yahoo Finance
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