Stocks rose Tuesday on better-than-expected economic news, and one strategist thinks both the market and the economy are going to continue to pick up steam.
In fact, Phil Orlando, chief equity strategist at Federated Investors, is predicting the S&P 500 could hit 2,350 next year largely in part to increased earnings growth.
That means investing in industrials, consumer discretionary, financials and technology, he told CNBC Tuesday.
"If we're right that the economy is starting to crank here then it ought to be the more economically sensitive categories not the defensive categories that are going to sort of catch a bid here," Orlando said in an interview with "Power Lunch."
"These are areas that ought to do well if the economy is starting to pick up steam."