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Sell Defensive Stocks: Stephanie Link

Strong retail sales, improvement in employment and a better housing market are "really powerful themes" that would help lead stocks higher, TheStreet CIO Stephanie Link said Thursday.

But how to make gains going forward?

"I think you sell some of the defensive stocks, the staples — really expensive," she said. "Some of the health care names, also, pretty expensive. Utilities are trading at a premium to the S&P, while industrials and financials and tech are trading below the S&P."

On CNBC's "Fast Money," Link said that she was rotating out of stocks such as Procter & Gamble and Mondelez.

Meanwhile, she was adding positions in UPS and Hartford.

"And I think that's how you continue to outperform the market," Link said.

By contrast, Josh Brown of Fusion Analytics said that he wasn't adding positions.

"We've called this a hot-stove market before. I'm enjoying it while not adding to any new positions, keeping my favorites and allowing the market to do the heavy lifting," he added. "I have no idea when this ends."

Brown also noted that it has been a while since the Dow Jones Industrial Average, which just logged a nine-day rally, had performed this well.

"The last time this happened, we were listening to the Spice Girls," he said.

OptionMonster's Jon Najarian said that the market would continue to its steady climb.

"This is just really crawling along very slowly," he said. "We're up 58 points for the Dow. Big whoop. Fifty-eight points is four-tenths of 1 percent."

Najarian said that he continued to like the financials.

"These stocks continue to work higher," he added.

Trader disclosure: On March 14, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Stephanie Link is long AAPL; Stephanie Link is long GS; Stephanie Link is long CSCO; Stephanie Link is long SBUX; Stephanie Link is long GE; Jon Najarian is long JPM CALLS; Jon Najarian is long MGM CALLS; Jon Najarian is long FIG CALLS ; Jon Najarian is long KKR CALLS; Jon Najarian is long XLF CALLS; Jon Najarian is long STX CALLS; Jon Najarian is long WLL CALLS; Josh Brown is long AAPL; Josh Brown is long BAC; Josh Brown is long GDX; Josh Brown is long XLU; Josh Brown is long WMT; Josh Brown is long TGT; Josh Brown is long LULU; Mike Murphy is long BAC; Mike Murphy is long FB; Mike Murphy is long EBAY.

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