NEW YORK (TheStreet) -- Sideways market growth in the first half of 2016 has been countered by July's market rally.

J.P. Morgan Chase (JPM) - Get Report Global Market Strategist Gabriela Santos believes that the second half of the year will continue to outperform.

"Really since Brexit we've seen a flip and cyclicals are really outperforming and that's a trend we expect for the second half as the data continues to come in on a positive note," Santos toldCNBC's Kelly Evans on "Closing Bell."

Calling it a "rotation within the sectors," Santos says this year's market breadth "is much higher compared to last year." J.P. Morgan is encouraging its clients to "look within the market for opportunities," Santos noted.

Additionally, global concerns such as the U.K. and Japan are not as high in Santos' view compared to a few months ago. The Brexit issue "is going to remain in the U.K.," Santos stated, and she is waiting to see what the Bank of Japan announces on Friday.

"We'll have to see what kind of combination they come up with, monetary and fiscal stimulus and see if they are really able to ignite the economy which so far we haven't quite seen," Santos added.

Shares of J.P. Morgan Chase are unchanged in after hours trading today.

Separately, TheStreet Ratings team rates J.P. Morgan Chase as a "buy" with a ratings score of A-. 

This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that TheStreet Ratings team rates. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share and attractive valuation levels. TheStreet Ratings feels its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: JPM

Image placeholder title