Diversify out of FAANG and into consumer stocks, Wall Street bull says (via TradingNation)
One of Wall Street's biggest bulls is shunning new big tech investments in favor of consumer plays.
According to Crossmark Global Investments' Victoria Fernandez, consumer stocks should help drive the market rally's next leg up.Trading Nation " segment. "There was a lot of concern at the end of last year on what the consumer was going to do. But look, we've had good retail sales. Spending numbers are good. Average hourly earnings are good."
Fernandez, who is responsible for $5 billion in assets under management, believes big tech, along with FAANG names
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