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Big tech, health care to beat reopening trades: BTIG’s Julian Emanuel

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Some struggling Big Tech names may make a comeback this month.

BTIG’s Julian Emanuel is targeting a corner of the market that isn’t directly correlated to economically sensitive trades as the second quarter begins.

“The plays that have benefited the last several months — the reopening plays value, small caps — may in fact take a pause because they’ve run so far,” the firm’s chief equity and derivatives strategist told CNBC’s “Trading Nation” last week.

Emanuel told investors to start nibbling on select FAANG stocks, which are made up of Facebook, Apple, Amazon, Netflix and Google (Alphabet) and other mega cap tech stocks, in early March.

“This was a very lonely call several weeks ago…



Source cnbc.com

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