Wall Street’s favorite stock sector has potential upside of 43% as we enter the second half of 2022

At the midpoint of 2022, investors are looking at a remarkable change in stock valuations.

The S&P 500
SPX,
-0.07%

has declined 20%, but the benchmark index’s forward price-to-earnings valuation has fallen by 24% because future earnings estimates have continued to increase. In other words, the S&P 500 has gotten cheaper.

Analysts expect the stock market to roar back — especially three sectors.

Below are lists of favored…

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