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Halftime Pt. 2: Play the Tech 'Revolution'

There is a tech "revolution" happening now, says Akamai Technologies CEO Paul Sagan, whose company is up 79% in 2010 for the best gain in the S&P 500.

"The more places people connect for rich media and video, the better for our business," says Sagan, adding that the popularity of Apple's iPhone and iPad has helped AKAM.

With its focus on developing video and cloud computing technologies, the Cambridge, Mass.-based company has recently seen an "explosion of use," Sagan tells us. He says that while prices will fall, volume should "explode for years to come."

"That's the model in tech," he says. "If you're not set-up to grow in volumes, your model won't work."

Sagan adds that advertising is an important, underlying factor that hasn't fully developed. He says it will bring billions of dollars to mobile devices, as people continue to use such products more frequently.

Watch the video to see the complete conversation with Sagan.

What's the Trade?

While he likes Akamai's story, Brian Kelly of Kanundrum Capital will not buy a stock at its 52-week high.

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CALL THE CLOSE

Brian Kelly of Kanundrum Capital recommends watching the euro, as an indicator of risk. He's a seller.

Jon Najarian of optionMONSTER.com is a buyer into the close Tuesday because he likes the way the markets are reacting.

Steve Grasso of Stuart Frankel thinks there is no reason why the markets would pop above flat on the year at around 1116 in the S&P 500. He's still a seller.

Looking forward to the next quarter, Joe Terranova of Virtus Investment Partners recommends agriculture, soft-drinks and hyper-market names.

"They didn't work this quarter," Terranova says. "But the fundamentals line-up for them to work next quarter."

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Trader disclosure: On June 21, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Terranova owns (IPSU), (BX), (AGU), (PFE), (TER), (GMCR), (RSX), (TER), (AXP), (KO), (KR), (COST), (AMZN), (TEVA), (BMO), (DIS), (XCO), (SWN), (GMCR), (IPI), (SU), (XOM), (RDS.A), (COP), (OXY), (V), (FXB); Terranova owns (GLD) July 120 puts; Kelly is short (GS); Kelly owns (BP) puts; Kelly owns (FCX) puts; Kelly owns (GLD); Kelly owns (GDXJ); Jon Najarian owns (MOS) and short calls; Jon Najarian owns (SCCO) and short calls; Jon Najarian owns (JEF) and short calls; Jon Najarian owns (AAPL) call spreads; Grasso owns (ASTM), (ABK), (BAC), (BGP), (C), (DYN), (JPM), (LPX), (NDAQ), (PRST)

For JoeTerranova
Terranova works for (VRTS)|
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners owns more than 1% of (AMKR)
Virtus Investment Partners owns more than 1% of (IGE)
Virtus Investment Partners owns more than 1% of (DBV)
Virtus Investment Partners owns more than 1% of (XLB)
Virtus Investment Partners owns more than 1% of (XLV)
Virtus Investment Partners owns more than 1% of (XLY)
Virtus Investment Partners owns more than 1% of (XLI)
Virtus Investment Partners owns more than 1% of (XLU)
Virtus Investment Partners owns more than 1% of (DRYS)

For Steve Grasso:
Stuart Frankel & Co and it’s partners own (BAX)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (DHR)
Stuart Frankel & Co and it’s partners own (DYN)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (MERC)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (SYMC)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (TRV)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners own (TBT)
Stuart Frankel & Co and it’s partners are short (QQQQ)
Stuart Frankel & Co and it’s partners are short (AAPL)

For Dennis Gartman
Funds Managed By Dennis Gartman Are Short Yen
Funds Managed By Dennis Gartman Are Long Canadian Dollar, Australian Dollar

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