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10 Winning Tech Picks For Investors: Strategists

After a sharp selloff last week, techs saw a strong comeback on Monday with the Nasdaq rising almost 5 percent. Will the sector lead the markets out of a correction? Ted Moore, portfolio manager at Fifth Third Asset Management, and Ronald Gruia, principal telecom analyst at Frost & Sullivan, discussed their best picks.

“Asia is growing its technology share more than Europe, but Europe comprises a large component and tech is more internationally exposed than most other sectors in the S&P,” Moore told CNBC.

“In the long-term, that’s a form of diversification and growth.” (Scroll down for Moore's stock picks.)

Moore said although the European exposure can inhibit near-term growth for tech, the diversification is positive and lowers risk for investors in the long-run.

In the meantime, Gruia said major indicators are pointing to an increased cap-ex spending on both the enterprise and the operating segment areas.

“So we’re going to see the back end loaded this year, with operators spending a lot of money in the second half of the year,” he said.

Moore Likes:

Intel

Xerox

Hewlett-Packard

EBay

Microsoft

Gruia Likes:

Cisco

Apple

Google

Tekelec

Voltaire

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Disclosures:

Moore does not own shares of XRX, INTC, HPQ, EBAY or MSFT.

Gruia owns shares of CSCO, but does not own shares of AAPL, GOOG, TKLC or VOLT.

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Disclaimer