The bull market may be near its final stages, but expect the rally to continue in 2015, two strategists told CNBC on Tuesday.
"All good things must eventually come to an end, but I don't think this party is going to end in 2015. I think the market is going to continue to move forward, albeit at a much slower pace than it has over the course of the past 5 1/2, six years," Mark Tepper, founder and president of Strategic Wealth Partners said in an interview with "Street Signs."
John Manley, chief equity strategist at Wells Fargo Funds Management, called the market fairly valued and agreed it has still has more room to run.
"In the last three years, money has been pushed into stocks. Usually towards the end, before it's over, it gets pulled in and I think that's still in front of us," he said.
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So where should investors put their money to work?
Tepper is focusing on domestically oriented, large-cap defensive sectors and believes the big trend for 2015 will be cybersecurity.
"Businesses in general have been really underinvesting in new technologies for at least a decade, and it's really time for them to ramp up their spending in these areas," he said. "Cybersecurity should be a huge beneficiary of that increased spending."
He likes Symantec as a value play, and called Palo Alto Networks and Fortinet "home run swings" that are risky but can reap a great reward. For those looking for a diversified basket, he suggested the cybersecurity exchange-traded fund HACK.
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Manley thinks big, integrated oil companies are a very good investment.
"They're at very good valuations in here. They have the kind of quality and yield that people need, and they'll do well," he said.
Emerging markets are also attractive right now as a long-term investment, Manley noted.
"I'll bet you look back if you didn't buy emerging markets at this time and kick yourself somewhere in the next three to five years," he said. "You don't have to get overweight, but get yourself represented there."
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Tepper also sees potential in emerging markets, as well as developed international markets over the course of the next five years. However, he would tread carefully.
"While we do believe that the potential for return definitely is better overseas than it is domestically, the short-term risks are a concern, which is why we are not overweight those assets at this point," he said.
Disclosures: Mark Tepper, his family and Strategic Wealth Partners do not own Symantec, Palo Alto Networks, Fortinet or HACK.