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

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.

TradingNation We like $K long base, worth a look

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Options traders are feeling bullish on KB Home ahead of Wednesday's earnings reportKB Home kicks off the latest round of homebuilder earnings when it reports after the bell Wednesday, and options traders see more gains ahead. Bs. mr_jettlife
Source: CNBC - 🏆 12. / 72 Read more »