American Airlines, United Airlines and Delta Air Lines were among Sethi's top picks, noting their U.S.-based businesses wouldn't be affected much by Ebola fears internationally.
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"So, you couple that with kind of where the prices are, and they're pretty cheap," he said. "Look, we bought them when they were higher, so coming back, saying we still like and want to buy more so when they're lower, especially for new money coming in."
In the auto sector, Sethi said his top stock picks were Borg Warner and Delphi, partly on an easy credit environment, healthy automakers and industry consolidation.
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"We're not in the second and third inning like we were a couple of years ago, but we're still in the seventh and eighth inning, I think," he said. "There is a lot of money to be made, especially for the next couple of years. So, we're still pretty confident that these guys can actually make money and do well. The stocks are selling at 20, 30 percent discount, just to the market."
Disclosure: Sethi owns shares of United Continental, Illumina, Alcoa, Qualcomm, General Electric, Harman International, Visa, General Motors and Cisco.