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Tom Lee is worried about ‘FANG’ and tech, favors these three sectors now amid the reopening

Tom Lee, Fundstrat Global Advisors

Scott Mlyn | CNBC

Fundstrat’s Tom Lee tweaked his group of reopening “epicenter” sectors and is sounding the alarm about weakness in major tech names.

The market strategist said in a note that the market’s strong finish last week shows there’s still upside potential for stocks, but there’s still the need for a rotation into reopening plays and away from Big Tech.

Lee’s firm has gained prominence since the start of the Covid pandemic for several timely market predictions, including his bullish call near last March’s market bottom.

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