Can the trade of the day become the trade of the year? Technology, so far, has been 2009's best sector, but it was also the best performer in the midst of Monday's rally. With tech companies also raising guidance more than any other sector throughout earnings season, is this strength likely to be sustained throughout the rest of the year?
To answer this question, Tavis McCourt tech analyst at Morgan Keegan gives his insights into the strongest components of what may be the year's strongest sector. To see his analysis, check out the video!
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Trader disclosure: On November 9th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (BP) Calls, (FCX) Put Spread, (RIMM) Call Spreads, (UUP) Calls, (YHOO), (YHOO) Puts; Finerman's Firm Is Short (IJR), Short (MDY), Short (SPY), Short (IWM), Short (USO), Short (UNG), Owns (CBY), Short (KFT), Owns (MSFT), Owns (PM), Owns (TGT),Short (UNG), Short (USO), Finerman's Firm And Finerman Own (WFC) Preferred, Finerman's Firm Owns (WMT), Owns (YUM); Terranova Owns (GS), (WYNN), (JPM), (SU), (MRVL), (BRCM), (GOOG), (RIMM), (AAPL), VIX Nov. 24 Puts, Terranova Works For (VRTS); Seymour Owns (AAPL), (EEM), (F), (FXI), (TM), (VIP), (POT), Najarian Owns (INTC), (INTC) Calls, Finerman's Firm And Finerman Own (RIG), Finerman's Firm And Finerman Own (PDE), Finerman's Firm Owns (M)
Najarian Owns (JWN) Calls, Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads
Finerman Owns (BAC) Preferred, (BAC), Najarian Owns (BX) Calls
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 (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)
DENNIS GARTMAN Funds Managed By Dennis Gartman Own (EWZ)Funds Managed By Dennis Gartman Own (EWA)Funds Managed By Dennis Gartman Own (EWC)Funds Managed By Dennis Gartman Own (EWZ)Funds Managed By Dennis Gartman Are Short U.S. DollarFunds Managed By Dennis Gartman Own Gold In U.S. Dollar Terms, British Pound Sterling Terms, Euro Terms TAVIS MCCOURT ***NO DISCLOSURES ON AAPL, MOT, PALM, RIMM BRIAN KELLY Kelly And Kanundrum Capital Own (UUP)Kelly And Kanundrum Capital Own (USO)Kelly And Kanundrum Capital Own (TDW) ***NO DISCLOSURES ON CRUDE OIL, U.S. DOLLAR, GOLD
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