Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
Kudlow pointed to strong retail sales and low unemployment as signs that the U.S. economy remained strong.Marketsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The U.S. market may be suffering a correction right now, but there are more record highs to come, portfolio manager Gene Peroni said Monday.
"Clearly the market has gravitated from large-cap value to mid- and small-cap growth and I think that's going to continue," the senior vice president at Advisors Asset Management said in an interview with CNBC's "Power Lunch. "
"I think there are a lot of opportunities in the market."
Earlier in the year, Peroni had predicted the Dow would reach 20,000 by the end of 2015.
CNBC contributor Michael Farr, president of Farr, Miller & Washington, noted that the market has been making new all-time highs for a several years.
Now, there are a number of concerns, including 2 to 2.5 percent gross domestic product growth over the last five years that has been "years sustained and buoyed by all sorts of monetary policy stimulus."
"What happens when that stimulus goes away? The Fed is getting ready to back off. I think that this is a time when you have to be cautious," Farr told "Power Lunch."
That said, he would stay invested.
"You own but you take risk off the table. You make sure you've got solid balance sheets in your portfolio—companies that are earning money, selling stuff that you understand, and growing," Farr said.
However, Peroni thinks this market is seeing investors accepting more risk for more reward.
That's why he'd look at names with "somewhat higher" price-earnings ratios. Specifically, he likes biotech, aerospace/defense, ecommerce, semiconductors, consumer discretionary and food names.
"Be careful. I think that this stuff is very risky.… I think while it might go up in the short term, this is not a time for the average investor to be taking on more risk," he cautioned.
—CNBC's Brenda Hentschel contributed to this report.