A major sector shuffle is coming, and a top market watcher has a way to play it
The new sector will combine media with telecom stocks and a select number of high-growth tech stocks. Some notable names being added to the group include Facebook FB and Netflix NFLX . It's the first reorganized sector in the S&P 500 since real estate was removed from the financials sector and became the 11th sector in September 2016, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.