6 Tech Stocks to Ride 2010 Rally: Manager

The Nasdaq has risen over 40 percent year to date with the help of technology stocks. Bob Turner, chief investment officer and portfolio manager of Turner Investment Partners, said the sector is likely to lead the trend in 2010. He also shared his stock picks with CNBC.

“There are several drivers: We have the concept of global Internet where people have hand-held devices where they have Internet access and that’s going to drive a lot of technology spending,” Turner told CNBC.

“Secondly, enterprise hasn’t spent money in a long time and they’ll start spending as well.”

Additionally, Turner said hundreds of millions of consumers from the emerging markets will start buying automobiles, telephones and TVs for the first time, which will help boost the technology stocks.

Turner's Recommendations:

Apple

Qualcomm

Cisco

F5 Networks

Alcatel-Lucent

Longtop Financial

“With cloud computing, it takes a lot of servers off companies’ premises and moves them out into the cloud. And with virtualization, you need fewer of them,” he said.

“So Hewlett-Packard is a great company and Dell is solid, but they’re facing headwinds in this move.”

• Watch Turner's Previous Appearance on CNBC (July 28, 2009)

______________________________
More Market Views:

• Markets Will Rally — Buy These 8 Stocks: Managers
• Google Phone No Threat to Apple: Tech Analysts
• S&P 1200-1250 'Very Possible' in 2010: Chief Investor

CNBC Data Pages:

• Dow 30 Stocks—In Real Time
• Track the DJ Technology Index Here
• Where's the US Dollar Today?

______________________________
CNBC Slideshows:

• Bubble Blowers: Companies that Fueled the Tech Bubble

______________________________

______________________________
Disclosures:

Turner’s firm owns shares of APPL, QCOM, FFIV, CSCO, JNPR, BRCM, NETL, CRM, MU and LFT.

Turner does not own shares of MSFT, VMW, HPQ, DELL.

______________________________

Disclaimer