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'Great' Short and Long-Term Opportunities in the Market: Pro

There are “great opportunities” in the stock market—both in the short-term and in the long-run, said Joe Heider, principal of Rehmann Financial.

“We look at a number of factors, which we think all point to a continuing bull market,” Heider told CNBC.

“Near-record corporate earnings, record cash on the cash balance of corporations, low-borrowing costs, favorable tax treatment…and manufacturing index is at a record level.”

The Bear Case:

Meanwhile, Steven Roge, portfolio manager at RW Roge & Co., advised investors to be cautious.

“Our biggest concern is the valuation of the S&P 500—it’s trading at 23 times normalized earnings,” noted Roge.

“Why I use the normalized earnings [number] is because the profit margin on the S&P 500 is a full standard deviation above its long-term 100-year historical norms,” he explained.

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Scorecard—What They Said:

  • Roge's Previous Appearance on CNBC (Feb. 23, 2011)
  • Heider's Previous Appearance on CNBC (Jan. 14, 2011)

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More Market Intelligence:

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CNBC Data Pages:

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CNBC Slideshows:

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Monday's Top Dow Gainers (as of this writing):

Pfizer

GE*

Wal-Mart

Bank of America

Johnson & Johnson

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Disclosures:

No immediate information was available for Heider or Roge.

*GE is a minority shareholder in NBCUniversal.

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Disclaimer