NEW YORK (TheStreet) -- U.S. markets have enjoyed a strong 2014 but smaller capitalized stocks should outperform larger ones next year, Stephen Weiss, founder and managing partner of Short Hills Capital Partners LLC, said on CNBC's "Fast Money Halftime" show.
As a result, he said, the small-caps on the Russell 2000 will benefit more than large-cap stocks as the U.S. economy continues to improve.
Low rates should help small-cap stocks, added Jon Najarian, co-founder of optionmonster.com and trademonster.com. He likes financial stocks on the long side going into 2015 and noted the Financial Select Sector SPDR ETF (XLF) continues to make new 52-week highs.
Investors should consider trimming some exposure to the outperforming stocks and consider buying the underperforming assets, including small-caps and European stocks, according to Josh Brown, CEO and co-founder of Ritholtz Wealth Management.
Just because the economy is likely to have a great 2015 doesn't mean the stock market necessarily will, said Mike Santoli, senior columnist at Yahoo! Finance. While he's still bullish on stocks, he cautioned investors to be leery about a potential pullback in the early part of the year.
"Manitowoc has to listen" to Icahn, Cramer said, because the fund manager will push for the company to split up its businesses. Cramer agrees, and has long insisted that Manitowoc should split its refrigerator and crane business. Other companies that should consider splitting up include Applied Materials (AMAT) , Occidental Petroleum (OXY) and Jack In The Box (JACK) , Cramer said.