Investors have been getting back into tech stocks, with the tech-heavy Nasdaq leading all three major Wall Street indexes since the start of the year, rising over 6%. But fund manager Trent Masters of Alphinity Investment Management isn't convinced — and told CNBC Pro Talks last week which two Big Tech stocks might be worth avoiding for now. Masters manages the Alphinity Global Equity Fund, which outperformed the MSCI World Index last year.
Meta is down 57% over the past year. Apple Masters said the latest iPhone release was "fairly tepid" as "there wasn't really much in terms of product iteration." On top of that, the company is facing an environment with "fairly pinch" consumers who are less willing to spend. "So if I'm looking more at the shorter term, I just think some of those earnings expectations for Apple need to revise over the next year or two," he said.