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Power Play: Companies that are connecting with consumers

The Novartis headquarters in Basel, Switzerland.
Arnd Wiegmann | Reuters

The terror attacks in Paris may reinforce an ongoing trend in the U.S. economy- consumers spending money on nesting and connecting with others.

Edward Jones Investment Strategist Kate Warne tells CNBC's "Power Lunch" on Wednesday investors can take advantage of this by adding companies serving those needs.

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"There are opportunities in companies with sustainable competitive advantages and the potential for dividend growth. Instead of looking for high yield, look for companies that have continued to find sources of growth in a low-growth world," Warne said.

One of Warne's top picks is Novartis. "After divesting its consumer health care products business, [it] is more focused on branded pharmaceuticals, generic drugs and eye care, all areas with attractive growth," Warne said.

Another company Warne likes is Lowe's. "The stronger housing market and solid consumer spending help Lowe's sales growth. And the products Lowe's sells have less competition from online sales," Warne said.

Novartis is higher during trading, while Lowe's is flat.