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Telecom bounce coming soon: Pro

CNBC
Big Data Download
Telecom bounce coming soon: Pro

Telecoms stocks are poised for gains in the next two weeks based on recent analyses of S&P 500 components' historical performance over that period, according to one analyst.

In fact, the sector is the only one that's averaged a gain in the two weeks spanning July 22 to Aug. 5 in seven of the last 10 years, according to Paul Hickey, founder of Bespoke Investment Group. No other sector posted gains in as many years, according to Bespoke's research.

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As part of its stock seasonality report, Bespoke breaks out stock performance in two-week chunks and compares it to historical performance during those same two weeks in each of the last 10 years.

Specific stocks likely to see gains in the next two weeks aren't limited to telecoms, however. Intuitive Surgical (ISRG), American International Group (AIG), Expedia (EXPE) and Cummins (CMI) have all averaged gains of 5 percent or more over the last 10 years and are poised for gains in the next two weeks, Hickey told "Big Data Download."

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Intuitive Surgical recently received a warning letter from the Food and Drug Administration voicing concerns about the risks of using its surgical robots, however, and the company warned that full-year revenue estimates could come in at half what it previously expected.

"You have to have some courage to step in here, but it is very oversold so it could be due for a bounce," Hickey said.

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