NEW YORK (TheStreet) -- With stocks rallying for the second consecutive day, the market is slowly recovering from last Friday's Brexit vote, which saw the U.K. decide to leave the European Union. Allianz Global Investor's Kristina Hooper and President of Edge Asset Management Jill Cuniff joined CNBC's "Power Lunch" to discuss which stocks investors should be buying.

One key characteristic to look for when analyzing these potential buys are the companies "that can maneuver through these kinds of environments" and stress the importance of "an active and diversified approach" Cuniff said.

Specifically, she is delving into companies within the smaller to medium spaces, as well as those in the financial space that may present some unique opportunities. A couple of names she mentioned were PacWest Bancorp (PACW), and Pebblebrook Hotel Trust (PEB).

On the other hand, Hooper echoed confidence in European dividend stocks, saying she is looking at companies which are "fundamentally solid, and actually haven't been hit very hard in the last few days." She added that there are opportunities domestically as well, especially in the tech center. "Amongst the tech sector there's some solid dividend payers as well." Hooper is buying companies within S&P Technology, the Europe Stoxx 600, and MSCI Emerging MKTS.