A more dovish stance from New York Fed President John Williams has stocks rallying, and we could be set up for a nice bounce here.

Financials have been hit hard in the sell-off, and while we are facing slowing growth in 2019, we are not looking at a recession, which many bank stocks seem to be discounting. So, let’s add another bank holding, but do it in a cautious way by buying JPMorgan Chase (JPM), with its policy of maintaining a “fortress balance sheet” and strong credit history.

Trading at less than 10X next year’s earnings estimates with a 3.3% dividend yield, I think the shares handily will outperform in 2019, if the economy remains stable. Buy JPM under $100. The stock traded at my $110 target earlier this month.