The Tell: Facebook is leaving the technology sector, and that may be good news for tech investors

There’s a major upheaval coming to the information technology sector, and while it may be dreaded by the investors who embrace the industry because of its high levels of growth, the changes may ultimately result in a group of stocks that’s both less risky and more attractively valued.

Changes to MSCI’s and S&P Dow Jones’s Global Industry Classification Standard means that September will see the launch of a new communications sector, built largely out of stocks that currently occupy the telecom, technology and consumer discretionary sectors.

Among the technology stocks that will be switching sector classification are Facebook FB, +0.10% and Google-parent Alphabet GOOGL, +0.39% , both of which stand as some of the biggest and best-performing stocks in the whole market over the past few years.

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