Power Play: How to invest with low growth

A trader works on the floor of the New York Stock Exchange.
Getty Images

So far, 2016 is shaping up to be another lackluster year for stocks, with the Dow, S&P 500 and Nasdaq down 2 percent on global growth concerns.

But John Augustine, chief investment officer at Huntington Trust, tells CNBC's "Power Lunch" on Tuesday, you can still make money in a slow growth environment.

Read MoreEurope ends higher despite China, oil concerns

"The U.S. and Europe economies are more important than China. China weakness is old news," Augustine said.

He sees market sell-offs as buying opportunities.

"In 2015, stocks, commodities and bond yields all rose in 1H, then in the 2H moved to soggy. 2016 could be the opposite if the US/global economy, profits and inflation gain some traction," Augustine said.

He is advising clients to pick higher quality names and include some dividend growers in their portfolios. Two of his top sectors are health care and consumer discretionary; both are higher during trading.