With the U.S. stock market slumping more than 1 percent on Friday, some traders are looking for sunshine in building materials and consumer stocks.
The plunge was driven by a drop in European equities and revived concerns about Greece. Michael Block of Rhino Trading Partners said the selloff was "just a little correction" that represents a trading and buying opportunity.
"Everyone's freaking out about the DAX's down two days in a row, heck it was up 23 percent year to date. The thing keeps moving," Block said on CNBC's "Halftime Report." "Nothing's really changed here. We've got some big data coming out next week. … The data has been fine at worst."
Rob Sechan, an institutional consultant at UBS, said the recent stabilization in oil prices, even at low absolute values, may boost consumer stocks.
"Low energy prices, broadly lower rates, although trending in the other direction right now, is broadly supportive for the consumer sector," Sechan said on "Halftime Report."