For investors aiming to find value in today's market, they should look to two sectors—consumer discretionary and technology, one market strategist told CNBC on Tuesday.
With the S&P 500 up more than 6 percent for the year, consumer discretionary is flat—and therefore has some real catch-up potential, said Nick Colas, chief market strategist at ConvergEx Group.
"It hasn't participated in the rally," he told "Power Lunch."
"Secondly, we're getting better news about the consumer going into the latter half of the year. ... That lines us up for a pretty good holiday period, which is a very important catalyst for consumer discretionary names."
Read MoreStock picks: 17 trades in 67 seconds