Given the weakness of the U.S. dollar, investors should look to large-cap multinational corporations for sound investments, said Bill Schultz, chief investment officer at McQueen, Ball & Associates.
They should specifically target more defensive stocks, such as broadly-based pharmaceuticals or companies in the oil-services sector, he said.
"Either way that the price of oil goes, certainly demand for oil services is going to increase as we go forward."
Douglas Roberts, founder and chief investment strategist for Channel Capital Research, argued that small caps are the better investment.
"I believe that right now, with the Fed's policy being in an easing mode, that traditionally that's benefited small caps," he said. "Small caps have outperformed large caps thus far this year, and I think will continue to grow in the near future."
Roberts recommended long-term investments for the volatile market, adding that people should only invest money they won't need for the next 10 years. He specifically recommended stocks in the following sectors: healthcare, energy (long term), technology and infrastructure providers.
Top Large-Cap Oil Services:
Disclosure information was not immediately available for Schultz, Roberts or their companies.