Investors may have missed the big market rally, but there is still room to buy, said Scott Billeadeau, managing director of Fifth Third Asset Management, and Larry Kantor, head of research at Barclays Capital. (See their investment recommendations, below.)
“I think everyone’s waiting for a pullback so that they can get in,” Billeadeau told CNBC. “So that tells me we’re not going to get much of one — and if we do, it’s not going to be as big as people expect.”
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Billeadeau suggested buying on some dips instead of waiting for any significant pullbacks.
“We have increased our exposure to cyclical groups in the market over the past couple of months,” he said.
Kantor said although people have missed this rally, “sentiments have gone from Armageddon to 'there is light at the end of the tunnel.'”
Kantor said there is still room on the upside for some positive economic data and recommended investors look into stocks that have gotten beaten down the most.