Jason Weisberg of Seaport Securities said that market events like Facebook's acquisition of WhatsApp for a lofty price demonstrate strength in the market. He points out that the overall trend in the market is positive and expects stocks to continue moving higher. Weisberg also said Wal-Mart no longer affects the market like it did in the past due to online shopping.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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