Morgan Stanley Investment Management Senior Portfolio Manager Andrew Slimmon tells CNBC's "Power Lunch" on Thursday earnings will be better next year.
"2016 is expected to be a better earnings year as the oil sector won't be such an anchor," Slimmon said.
He believes now is the time to invest in companies that can grow in a low-growth environment.
"Health care is a sector that has great secular growth, but remains cheap because of headline risk…In the depressed, I believe the energy sector is [a] group that could have a better 2016," Slimmon said.
Technology is another sector Slimmon likes right now.
Health care and energy are higher during trading, but technology is lower.