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Power Play: Opportunities in small-caps & energy

An oil worker stands by a rig near Williston, North Dakota.
Brad Quick | CNBC
An oil worker stands by a rig near Williston, North Dakota.

The Dow, Nasdaq and S&P 500 are on track for a second consecutive week of gains, with the Dow closing in on 18,000.

Lamar Villere, co-manager of the Villere Balanced Fund tells CNBC's "Power Lunch" on Friday large-caps overall will be in a 5-6 percent total return/year mode for the foreseeable future, but sees better opportunities in small-caps.

Read MoreStocks mostly lower; energy weighs as oil slides

"Look for 'small-cap blue chips' that can succeed without International growth; generally, small-caps have better opportunity for growth [and] less currency risk than large-caps," Villere said.

He is also taking a look at energy, but is selective there.

"In energy, keep a small exposure to names with [the] best balance sheets (survivors)," Villere said.

The Russell 2000, which invests in small-caps, is higher during trading, while the energy sector is lower.