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Stick with this sector ahead of earnings season, says experienced options trader

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Stick with this sector ahead of earnings season, says experienced options trader $XLP (via TradingNation)

That's because as high-growth names lose steam, these investments could very well pick up the slack, she said.

"We've seen XLP hold up very well, particularly throughout August when a lot of the rest of the market was hit with selling, and we've seen a slight pullback over the course of the last week or so," Shay said. "We had that rotation into energy, industrials, but I'm looking for XLP, Costco and Estee Lauder to take the next leg higher, especially going into the next earnings season.

 

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