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Power Play: Sectors that will outperform now

Henry Stupp, CEO of Cherokee Inc. of Sherman Oaks (CHKE) which markets, manages and licenses worldwide apparel, footwear, home and accessory brands it owns. Brands include Cherokee, Sideout, Liz Lane, Carole Little, All That Jazz, Chorus Line, and others.
Kirk McKoy | Los Angeles Times | Getty Images
Henry Stupp, CEO of Cherokee Inc. of Sherman Oaks (CHKE) which markets, manages and licenses worldwide apparel, footwear, home and accessory brands it owns. Brands include Cherokee, Sideout, Liz Lane, Carole Little, All That Jazz, Chorus Line, and others.

Many investors are reluctant to step into the market, despite the recent correction. But while some of the headwinds have increased, you can still make money in this environment.

Art Hogan, chief market strategist at Wunderlich Securities, tells CNBC's "Power Lunch" on Monday the two sectors that should outperform are consumer discretionary and technology.

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"The consumer continues to have 3 key tailwinds in jobs, gas prices and house prices all leading to historically high confidence. Much of Technology suffers less with the headwinds of rising interest rates/ strong dollar and a slowing China," Hogan said.

Some of the stocks Hogan recommends are Cherokee, Tableau Software and Hortonworks.

Cherokee, Tableau Software are higher during trading, while Hortonworks is lower.