These midcap stocks will shine: Analyst

Falling oil prices and growing consumer confidence should benefit some companies in the mid-cap space in 2015, a mid-cap fund manager said on Wednesday.

Among other mid-cap companies, JetBlue, Pilgrim's Pride and Mohawk Industries may cash in on the trends, said Brian Peery, co-portfolio manager of the Hennessy Cornerstone Midcap 30 Fund.

"I think it's kind of the sweet spot of the market," Peery told CNBC's "Closing Bell."

JetBlue planes sit at their gates at Kennedy International Airport in New York, April 23, 2014.
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JetBlue planes sit at their gates at Kennedy International Airport in New York, April 23, 2014.

The Hennessy fund defines mid-cap companies as those with a market cap between $1 billion-$10 billion. It outperformed the benchmark Russell Midcap Index in the last year. Recent economic trends have increased the allure of certain mid-cap sectors, Peery said.

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In particular, Jet Blue's appeal stems from sliding oil prices, he said. He added that Mohawk Industries should see a boost from elevated consumer sentiment, which hit a nearly eight-year high in December.

"I think that [2015] is the year where the consumer kind of opens up their purse book and starts spending, and spending on stuff that they've deferred over the last couple years. I think Mohawk is going to be a winner in that," Peery said.

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For investors who believe the market is currently overvalued, Pilgrim's Pride is a safer pick, Peery noted.

Disclosure: Peery owns stock in Jet Blue, Pilgrim's Pride and Mohawk Industries through the fund only. His firm does not own greater than a 1 percent stake in the companies and does not provide investment banking service to any of the companies.