Power Play: Market volatility stock picking

Traders on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters

Multinationals taking a hit this week due to concerns about a strong dollar and the impact on corporate earnings, but two big fund managers believe you can still make money in a volatile market. One is looking at smaller companies, but the other is still betting on large-caps.

"Small-caps are less exposed to currency volatility than larger multinational large-caps," Eric Marshall, co-portfolio manager of the Morningstar five-star rated Hodges Small-Cap Fund told CNBC's "Power Lunch" on Wednesday. One of Marshall's top picks is network security solutions provider Fortinet.

The company "has very good long-term secular growth regardless of what is going on in other facets of the economy," Marshall said.

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But Rob McIver, co-portfolio manager of the four-star rated Jensen Quality Growth Fund, still likes large-cap growth.

"Investment in quality growth businesses remains an important component to every investor's portfolio," McIver said. His key pick is health insurer UnitedHealth Group because "the company's size and scale provides a significant competitive advantage in terms of cost and network strength."

Fortinet shares down more than one-percent in afternoon trading while shares of UnitedHealth are flat.