Quick Take: Oil Surge Boosting Energy ETF
Heider said there are still opportunities in a broad range of oil-related stocks -- including drillers, refiners and producers -- given price-to-earnings ratios.
He said those stocks appear attractive even though there are estimates that the next GDP report will be weak -- a potential damper on oil prices.
Heider said he likes the SPDR Select Sector Energy ETF
Another exchange-traded fund that Heider likes is Select Sector Tech SPDR
He said many technology stocks now offer attractive dividends and there's still room for these stocks to rise in the near future.
Greenberg and Heider also discussed the current earnings season in general.
Greenberg noted the stock market gave a lackluster reception to estimate-topping results from Goldman Sachs
The investment manager said it was a reflection of the "plodding-along" economic recovery the nation is experiencing and said the current earnings season was shaping up to be an "average" one, with two-thirds of companies beating predictions.
Greenberg said one of the worries for investors was that companies were beating on the bottom line by cutting costs but weren't growing revenue. But Heider said he thought companies can deliver top-line growth, and pointed to Goldman, which grew revenue in its latest quarter, as an example.
Lastly, Heider said he's overweight in financials right now, sees real opportunity in the sector and thinks it's a great way to round out an investment portfolio.
-- Written by Bret Kenwell in Petoskey, Mich. .