BTIG is betting some rallies from the last six months will keep pushing higher while other stocks will see turnarounds as it makes its top picks for the second half of 2026. While tech stocks led the rebound from the U.S.-Iran war lows in late March, sectors like healthcare, financials and industrials have been feeling the love since mid-May, and that should continue, Jonathan Krinsky, BTIG’s chief market technician said in a Wednesday note. “We see evidence that the broadening can continue. Financials remain strong across banks, REITs, and insurance. Biotech is coming on strong as IBB breaks out of a five-year base,” he wrote. “We have seen Mag7 quickly roll over, and while they can probably stabilize, we continue to think the semi/AI trade is vulnerable to a more meaningful unwind lower.” The firm, in the same note, named 55 large- and small-cap stocks as its top picks for the second half of the year. Below are some of the names that made the list: Shares of On Holding , the Swiss sneaker maker, are off more than 20% in 2026, but analyst Janine Stichter’s price target of $70 anticipates a 90% gain from Thursday’s close. Stichter in the research note said the athleisure company is one of the best growth stories in retail. “While the bear case assumes moderating growth, we see a balanced and sustainable growth profile, with opportunity across both lifestyle and running, channels of distribution, product category, and geography,” she wrote. Also on the list is Palo Alto Networks . Shares of the cybersecurity company have surged almost 90% in 2026 so far, and analyst Gray Powell sees more room to run with a $380 price target. That’s a 9% gain from Thursday’s close. Powell said in the note that Palo Alto has the broadest cybersecurity offering, and thinks the company can sustain mid-teens revenue growth over the next few years. Lastly, Capital One Financial also made the list. The financial services company is off more than 15% in 2026, making it one of the worst performing stocks in the S & P Financials sector. With a $259 price target, analyst Vincent Caintic sees 26% upside for the stock from Thursday’s close. He thinks investors are worried about Capital One’s spending, but that’s not a concern he shares. “Our bull case is that COF shares do well if it simply executes on its planned integration with revenue and expense savings,” Caintic wrote in the research note, referencing its acquisitions of Discover and Brex. “While it does appear that expenses are increasing, we are expecting more revenue upside, productivity enhancements, and margin improvement from these investments.” COF YTD mountain Capital One Financial year-to-date.
BTIG’s top picks for second half of 2026
