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S&P to hit 2,100 by year end: Expert

The market's wild ride will probably continue, but stocks will ultimately end higher for the year, financial pro Jeff Carbone said Wednesday.

He's predicting the S&P 500 will hit 2,100 by the end of 2015.

"With the economic data coming out, earnings coming up soon, job numbers continuing to improve, I think we're going to see a good finish to the market," the founder and senior partner of Cornerstone Financial Partners said in an interview with CNBC's "Power Lunch."

On Wednesday, stocks attempted to recover from the worst start to a September in 13 years. The S&P 500 and Nasdaq composite tried to hold out of correction territory, defined as 10 percent or more down from its 52-week high. The Dow Jones industrial average remained in correction mode in midday trading.


Despite his bullish outlook, Carbone said he's not necessarily predicting a V-shaped correction. In fact, there could be more rockiness ahead if stocks go back up too quickly.

"If we test the highs too soon, I think we could see a correction back in later September, early October," he said.

However, Carbone still believes the market will turn around to hit his year-end target.

So for those who are willing to ride out the volatility, he thinks now is a good time to buy. He specifically likes technology, health care and developed international markets, as well as financials if investors believe the Federal Reserve will hike rates this year.

—CNBC's Evelyn Cheng and Jennet Chin contributed to this report.