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Tech ‘winners will continue to run’

High-flying tech stocks could take a hit from negative economic news but stand to continue their run through year-end, Ironfire Capital founder Eric Jackson said Wednesday.

"Although, I think the next 10 days, two weeks, are going to be the ones that you have to worry the most about," he said. "I think if there is a pullback on some kind of reaction to a tapering news, these names are going to get hit, but I think definitely going into Q4, I think all of these winners will continue to run."

Year to date, Yelp stock was up 242 percent, Groupon gained 137 percent, LinkedIn soared 123 percent and Facebook was 69 percent higher.

On CNBC's "Fast Money," Jackson said that mobile was the driver of these names.

"They're all on fire because ever since the Facebook earnings came out in July, everyone has finally kind of woken up to the fact that there's this huge migration happening – very quickly, faster than we even thought – to mobile," he said. "So, any name that has big exposure to mobile is participating."

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Yahoo, whose shares rose 47 percent this year and 26 percent in the past six months, could have $10 to $15 more upside within the next six to eight months, Jackson said, listing three reasons.

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"One is that the Alibaba IPO is just even bigger than most people expect," he said. "I think most people think it's going to be worth about $60 to $70 billion, but it wouldn't surprise me by next year if that thing was trading over $100 billion, and Yahoo's going to keep a chunk of that.

"Second, is that there's a possibility, a good possibility, there's going to be some kind of tax-free transactions with these Asian stakes. The CFO at Yahoo, Ken Goldman, has kind of hinted to that for the last few months. That would be an enormous surprise to the Street.

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"Finally the core business – you know, people like to complain about it, but I think all the bad news, and even if there's more bad news that comes out, it's really sort of been priced into the stock. If we see any kind of surprise from Tumblr in the next three to six months, I don't think anybody's expecting that."

Groupon, Jackson said, was often left out of conversations about monetizing mobile, but that shift.

"It wouldn't surprise me at all for that perception to change over the next little while because just in the last quarter, over 50 percent of the North American transactions that folks did with Groupon were through mobile," he said.

(Read more: Why Wall Street's wrong about Apple: Analyst)

"So, they are going through this shift from this sort of waiting-for-an-e-mail-once-a-day model to where people are actually walking around and accessing Groupon, to kind of get more into what's going on with their local commerce.

"And if they can make that transition, and they can continue with these mobile trends, I think that's the reason why the stock has been running, and I think the stock could have a lot more upside and break $20 over the next six months."

By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.

— CNBC's Michael Newberg contributed research to this report. Follow him on Twitter: @MikeNewberg.

Trader disclosure: On Sept. 11, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Steve Grasso is long BA; Steve Grasso is long BAC; Steve Grasso is long BBRY; Steve Grasso is long GDX; Steve Grasso is long GOOG; Steve Grasso is long HPQ; Steve Grasso is long MHY; Steve Grasso is long LNG; Steve Grasso is long MJNA; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long QCOM; Steve Grasso is long S; Steve Grasso is long ASTM; Steve Grasso is long POT; Steve Grasso is long DECK; Steve Grasso is long EEM; Steve Grasso is long DHI; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long C; Karen Finerman is long JPM; Karen Finerman is long TGT; Karen Finerman is long GOOG; Karen Finerman is long M; Karen Finerman is long GM; Karen Finerman is long MDY PUTS; Dan Nathan is long GE; Dan Nathan is long IBM; Dan Nathan is long TSLA; Dan Nathan is long VIX; Dan Nathan is long CAT; Dan Nathan is long MSFT; Dan Nathan is long FXI; Dan Nathan is long WFM; Dan Nathan is long ZNGA; Dan Nathan is long XCO.

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