With the Russell 2000 down about 5 percent year-to-date, small-cap stocks are a bargain right now, two investing pros told CNBC Friday.
"A lot of the pullback that we saw in the small-cap space was, I think, concentrated mainly on the growth side but that's where I see more of the buying opportunities," Brian Jacobsen, chief portfolio strategist at Wells Fargo, said in an interview with "Closing Bell."
"I think that it actually somewhat overshot to the downside. Valuations are much more reasonable now than what they were about a year ago."
Specifically, he likes health care and information technology because he said there's a lot of innovation in those sectors.