"The S&P is expected to earn $228 this year. As stocks have fallen into correction territory, earnings results and estimates have remained strong, so the pullback has consisted entirely of multiple contraction; this would imply a greater likelihood of making up the losses sooner," says Burns McKinney. He currently favors the technology, finance, industrial, and real estate sectors. McKinney is specifically watching Morgan Stanley (MS), McDonalds (MCD), D.R. Horton (DHI), and Microsoft (MSFT).