Top managers: Buy JetBlue, Target before earnings

Traders work on the floor of the New York Stock Exchange.
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As the third-quarter earnings season gathers steam, CNBC Pro reached out to some leading investors who are part of the "Squawk Box" Platinum Portfolio to find out what they are betting on in the weeks ahead.

Companies in the S&P 500 are expected to post a 4 percent profit decline, the first such quarterly decrease since 2009.

Despite these gloomy expectations, there are opportunities to be found.