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Should You Stick with the Top Sector of 2009?

The best sector of 2009 was technology, surging 70% since the March bottom, led by triple-digit gains out of companies like Apple , Google and Amazon. But with the run up in price, should you be confident sticking with these winning names, or is there a more rocky road ahead? To give you his take on the sector, Jim Suva, analyst at Citigroup joins the Fast Money crew.

One part of tech that has been hot is the Smartphone segment, and Suva thinks it's time to be scaling back investments Research in Motion , with some people on the street expecting Verizon to add the iPhone to its fleet near mid-2010, while Motorola is likely a good bet, as it's moving from "nothing into something," he says.

The television market is also a big part of the sector, and based upon price points and new technologies, Suva likes Corning based upon the transition of consumer demand from LCD to LED.

Mobile computing is also a big buzzword in the sector, and Suva thinks the e-readers, tablets and other mobile computer devices will be on everyone's wish lists this year. Apple's products stand to fill this demand, he thinks.

For the traders' complete analysis of these calls, check out the video!


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Trader disclosure: On December 31st, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;

Cortes Is Long S&P 500; Cortes Is Long U.S. Dollar vs. AUD, MXN; Cortes Is Short Gold; Cortes Is Short Crude Oil; Cortes Is Long T-Bonds; Cortes Owns (GD); Cortes Is Short (PHM); Cortes Is Short (TOL)

Kelly Owns (PAL); Kanundrum Capital Owns (AA); Kanundrum Capital Owns (BAC); Kanundrum Capital Owns (C); Kanundrum Capital And Kelly Own (FCX); Kanundrum Capital Owns (FXI); Kanundrum Capital Owns (FXY), Kelly Owns (FXY) Puts; Kanundrum Capital Owns (GLD); Kanundrum Capital Owns (GLW); Kanundrum Capital Owns (JPM); Kanundrum Capital Owns (SSO); Kanundrum Capital Owns (TBT); Kanundrum Capital Owns (USO); Kelly Owns (UUP)

Terranova Works For (VRTS); Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.

Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)

Grasso Owns (APK); Grasso Owns (AAPL); Grasso Owns (ASTM); Grasso Owns (BAC); Grasso Owns (BGP); Grasso Owns (C); Grasso Owns (COST); Grasso Owns (CSCO); Grasso Owns (FAZ); Grasso Owns (PFE); Grasso Owns (PRST); Grasso Owns (WMT); Grasso Owns (V)

Stuart Frankel & Co. And Its Partners Own (AIZ)
Stuart Frankel & Co. And Its Partners Own (CUBA)
Stuart Frankel & Co. And Its Partners Own (GERN)
Stuart Frankel & Co. And Its Partners Own (GLG)
Stuart Frankel & Co. And Its Partners Own (HSPO)
Stuart Frankel & Co. And Its Partners Own (NWS.A)
Stuart Frankel & Co. And Its Partners Own (NXST)
Stuart Frankel & Co. And Its Partners Own (NYX)
Stuart Frankel & Co. And Its Partners Own (PDE)
Stuart Frankel & Co. And Its Partners Own (PRST)
Stuart Frankel & Co. And Its Partners Own (RDC)
Stuart Frankel & Co. And Its Partners Own (ROK)
Stuart Frankel & Co. And Its Partners Own (TLM)
Stuart Frankel & Co. And Its Partners Own (XRX)
Stuart Frankel & Co. And Its Partners Own (SDS)
Stuart Frankel & Co. And Its Partners Are Short (QQQQ)
Stuart Frankel & Co. And Its Partners Are ShorT (CL)

JIM IUORIO

Iuorio Owns (TBT)
Iuorio Owns (FXA)
Iuorio Owns (FXC)
Iuorio Is Long Equity Volatility With A Negative Bias
Iuorio Owns (GLD) Puts, Is Short (GLD) Puts

***IUORIO DOES NOT HAVE DISCLOSURES ON TYH, SHY

SCOTT BURNS

Morningstar ETF Research Team Owns (XLP), (IEO), (XLU), (PGF), (WIP) In Its Model Portfolios
Barnes Owns (XLP), (PGF)
Morningstar Licenses Indexes To Blackrock/iShares

BRAD HINTZ

Hintz Owns Morgan Stanley And Discover
Hintz Owns (CME)
Accounts Over Which Bernstein And/Or Affiliates Exercise Investmet Discretion Own More Than 1% Of (GS), (MS)
(GS), (MS) Are Or In Past 12 Months Were Clients Of Bernstein (Non-Investment Banking-Securities Related Services)
An Affiliate Of Bernstein Received Non-Investment Banking Compensation From (GS), (MS) (Securities Related Services)


JIM SUVA

Citigroup Global Markets Or Affiliates Owns 1% Or More Of (PALM)
Citigroup Global Markets Or Affiliates Has Received Investment Banking Compensation For Services Provided In Past 12 Months From (MOT), (GLW)
Citigroup Global Markets Or Affilate In Past 12 Months Received Non-Investment Banking Compensation From (MOT), (PALM), (GLW)
(MOT), (GLW) Are Or In Past 12 Months Were Investment Banking Clients Of Citigroup Global Markets
(MOT), (PALM), (GLW) Are Or In Past 12 Months Were Non-Investment Banking Clients Of Citigroup Global Markets (Non-Securities-Related Services)
Citigroup Global Markets Or Affiliate Received Compensation In Past 12 Months From (MOT)
Citigroup Global Markets Is A Market Maker In (RIMM), (PALM)
Citigroup Global Markets And/Or Affiliates Has A Significant Financial Interest In Relation To (MOT), (GLW)

***JIM SUVA HAS ADDITIONAL DISCLOSURES -- WILL UPDATE IF APPLICABLE

NEHAL CHOKSHI

***NO DISCLOSURES



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