JPMorgan’s Kolanovic: Sell Oil Stocks Now

Investors should use the divergence in the performance of oil stocks and crude oil so far this year to sell energy stocks in the near term, Marko Kolanovic, JPMorgan’s chief global market strategist, says. Kolanovic, still bullish on the energy sector in the longer term, believes that share prices could soon start to drop, he told clients in a recommendation note dated Thursday and quoted by Bloomberg.

Investors now have the opportunity to sell in the near term because “an enormous gap has opened between energy stocks and the price…