Stocks may be rallying Monday, but they are down more than four-percent since July 1st. Two money managers tell CNBC's "Power Lunch" the recent market sell-off has created some opportunities for investors.
Chad Morganlander, portfolio manager at Stifel, favors large-cap U.S. companies. Investors should "move up the quality spectrum," Morganlander said.
American Science manufactures scanning technology for security purposes and Travis likes the company's very clean balance sheet.
With Patterson-UTI, Travis believes the land-based drilling rig operator provides critical work for fracking. "This business is definitely a survivor. I tend to think normalized oil prices won't be $45/barrel. $65 is the norm in the next three years," Travis said.
Dr. Pepper Snapple, PepsiCo, Anheuser-Busch Inbev, American Science and Engineering and Patterson-UTI are all higher during trading.