In the food sector, investors should look into wholesale distribution companies and discount stores, such as Costco and BJ's Wholesale Club, he said.
Warehouse clubs posted a three-month return of 13 percent, while discount stores had a 7 percent return compared to the S&P 500 Index's return of -6.1 percent during the same period.
In the living arrangement category, O'Brien suggests looking for pockets of resistance, although the overall housing market has been negative. He recommends real estate investment trusts that focus on apartments.
For the apparel sector, O'Brien said he saw growth in discount retailers since consumers are looking for high-end brands, but are also willing to wait a season or two to snag some discounts.
As consumers drive their cars longer before buying new ones, there is growth in automotive parts stores, O'Brien said.
Support companies, such as Autozone , have benefited from this trend and will continue to do well, he added.
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Disclosure information was not available for Kevin O'Brien or his company.