According to Derek Bruton, CEO of Lucia Capital, there are still several good bargains in the stock market. In an interview with TheStreet TV's Gregg Greenberg, his first pick was Dow Chemical (DOW) .
Investors should like the company because it's leveraging natural gas production and shale oil production, Bruton reasoned. "It's a cash-rich" company, he added, and it continues to return that cash to shareholders.
Dow recently boosted its dividend by 14%, while also adding $5 billion to its share repurchase plan, bringing the total program to $9.5 billion. The company is also divesting from some of its low-margin businesses, Bruton said.
Turning to NXP Semiconductors (NXPI) , Bruton says he likes this company because it's one of the most direct plays on Apple's (AAPL) iPhone 6. NXP Semiconductor makes the chips used for Apple Pay, he said, a platform that will "revolutionize the consumer payment industry."
The company also has products in drivers licenses, passports and the Wi-Fi used in automobiles. NXP Semi is way ahead of its competition, he added.