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Power Play: Finding value in a flat market

Bottles of Pepsi-Cola on sale in San Francisco.
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Bottles of Pepsi-Cola on sale in San Francisco.

The Dow and S&P 500 are flat this year and some market strategists do not see much of an improvement in 2016.

Ron Weiner, president and CEO of RDM Financial Group, tells CNBC's "Power Lunch" on Thursday stocks are fairly valued and there's little potential to the upside.

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Despite this cautious view, Weiner believes there is still value in individual stocks. "We are big holders of Home Depot and PepsiCo. It's all about the growth of the middle class on the planet, everywhere except the U.S., "Weiner said.

He also sees value in specific areas of technology.

"Undervalued in technology is an ETF we like, which is HACK. It's down almost 25 percent from the highs. If you want to play in the small technology basket that's a good one to play. In the more diverse basket we own VGT; it's done well," Weiner said.

HACK and VGT are both lower during trading, as are PepsiCo and Home Depot.