MKM Partners Likes OIH

Katie Stockton of MKM Partners thinks that energy sector was struggling in recent couple of months and she believes that it will benefit from the rotation early this year.

One way to play this strategy is through Oil Service HOLDRs (ETF) (NYSE: OIH), which is in Katie Stockton's opinion oversold at this point.

Brian Kelly of Kanundrum Research thinks that oil could go to $87 to $97 because he believes that there is only a slight excess of supply and if China continues to grow faster than 7%-9% it would create a shortage in supply.

OIH is 0.18% up today and it trades around $120.07.