NEW YORK (TheStreet) --The topic of Monday afternoon's "Trading Nation" segment on CNBC's "Power Lunch" was focused on the strengthening dollar and which stocks could be poised to take advantage as a result. CNBC's Brian Sullivan was joined by Harvest Volatility Advisors managing director Dennis Davitt and Piper Jaffray market technician Craig Johnson this afternoon.

Davitt began by emphasizing that conventional wisdom regarding a stronger dollar must be thrown out the door because we are not in a conventional year for the market.

"You need to dig deeper on why the dollar is going up. That's because the U.S. economy is heating up, they're raising rates, and the knock-on effect makes rates go higher. So I look at things like Walmart (WMT) - Get Reportand Hershey (HSY), big companies with a predominant amount of their revenues come from the U.S.," Davitt explained.

The key takeaway, stocks that behave well in an overheated U.S. economy are going to do well, Davitt noted.

"What I see happening today is the consumer staples, and the utilities sectors starting to rollover as a result of strength in the dollar. But, what I find interesting is we're finding strength in the financial sector. Perhaps we're going to see a rate hike in September or December," Johnson said.

Johnson concluded by saying that he expects a hike in rates to come by December, if not before then and in light of a hike believes the financials will perform strongly, and benefit from the increase in rates.