Hickey said the percentage of companies issuing guidance overall is at a four-year high, with many more issuing positive, not negative, guidance.
Hickey also said that post-election, everyone expects a sell-off, but he feels the S&P 500 will still hit 1250 and that it's a buying opportunity for stocks.
Hickey recommended buying mattress maker Tempur-pedic , which he said is an indication of a stabilizing housing market. “When you move, you tend to buy a new mattress,” he said.
He said Tempur-pedic is a retail name that is leveraged to the housing cycle, but not a home builder or a bank.
Meanwhile, David Kovacs, CIO of quantitative strategies at Turner Investments, recommended three stocks, all of which are announcing Q3 earnings on Tuesday.
- F5 Networks , which makes switches for optimizing Internet traffic. “It’s a great growth story, because the traffic on the Internet is ever-growing,” he said.
- Aflac, the supplementary insurance company, which Kovacs said has developed a niche business in Japan for child endowment.
- Waters , a mid-cap health-care company in the US, that provides a concept that’s called a liquid chromatography, which is used in quality control for pharmaceuticals and other applications.
Disclosure information was not available for Hickey or Kovacs or their firms.