Heartland Financial CIO Nancy Tengler tells CNBC's "Power Lunch" on Thursday we need to see earnings growth for this market to reignite.
In this environment, Tengler is picking companies with a triple-play- beat on earnings, beat on the top line and raised guidance.
One of her favorite stocks now is Johnson Controls. "We see it as an industrials play. Its pending merger with Tyco is an inversion merger which investors believe is likely to go through since Johnson Controls will own less than 80 percent of the combined company," Tengler said.
She also likes the team there. "Johnson Controls is a well-managed company that meets our relative dividend yield valuation criteria with an above market dividend yield and mid-double digit dividend growth. We like this triple-play over the next market cycle," Tengler said.
Johnson Controls is higher during trading and is up 4.5 percent year-to-date.