Even in a rough earnings season, some segments should enjoy big profit growth, experts said Monday.
Third-quarter S&P 500 earnings are expected to drop more than 5 percent from last year, according to S&P Capital IQ. But the low expectations mean some stocks could surprise.
"Something is telling me this earnings season is going to be a little better than people expect," said Jack Bouroudjian, chief investment officer at Index Financial Partners, in a "Closing Bell" interview.
Consumer discretionary names should see the best third-quarter growth of any sector, said Lindsey Bell, a senior analyst at S&P Capital IQ. S&P 500 consumer discretionary stocks have climbed 8 percent this year.