By Daily Crux Editor Brandon Herrin:

John Calamos of Calamos Growth Fund – which has crushed 99% of competitors over the past decade – is warning investors to get out of financials, the leading sector in the current rally, and into technology and energy exploration stocks.

Like PIMCO’s Gross, Calamos is worried about a weak consumer driven by higher unemployment and an increased savings rate… But tech companies that provide innovative products will continue to flourish along with tech companies that can provide increased efficiencies for businesses.

In particular, the fund is loading up on shares of Apple, Google, Amazon, Cisco Systems, and Oracle. On the energy front, Calamos is buying the largest offshore oil and gas driller, Transocean, as well as oil fields service provider Schlumberger.

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