A Wall Street strategist says it's time to exit tech stocks, and recommends 3 sectors that are cheaper and steadily improving | Markets Insider

that many large technology stocks are getting"pricey" and there are cheaper alternatives that investors can buy now.

"At some point you have to say what is too high," DeSanctis said, referring to tech stock valuations."At nine times revenue, 10 times revenue, it gets a little pricey, and with that any bad news will actually be a huge detriment to these stocks." While he said he believes technology companies are fundamentally strong, sectors outside of technology are cheaper alternatives.JPMORGAN: The best defenses against stock-market crashes are delivering their weakest results in a decade. Here are 3 ways to adjust your portfolio for this predicament.DeSanctis told investors to look for stocks in industrials, consumer discretionary, and materials sectors.

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Banks, travel stocks set to lead Wall Street higherWall Street was set to surge at the open on Monday following the longest weekly losing streak in a year for the S&P 500 and the Dow, with investors piling into shares of beaten-down sectors, including banks and travel.
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