NEW YORK (TheStreet) -- Now is the time to buy big-cap tech stocks because they're cheaper, as investors are worrying about what President-elect Donald Trump's anti-trade rhetoric will look like in action when he takes office in January, Cantor Fitzgerald's Youssef Squali said on CNBC's "Squawk Alley" on Friday morning.
"This group, the Internet group, is up something like 16% to 17% year to date. The S&P 500 is up maybe 5% to 6%. So once you know that, you realize that maybe to a certain degree, they've already discounted a lot of good news," Squali explained.
While some investors are worried about the uncertainty of some of Trump's policies, the fundamentals of these companies show that their stocks will continue to do "really well," he argued. Investors need to take advantage of these pullbacks, especially if they're interested in investing long-term.
"It's a nice opportunity to establish a new position," Squali concluded.