Pipeline players Magellan Midstream Partners (MMP) - Get Report and Enterprise Products (EPD) - Get Report were hit hard by slumping energy investment in 2015, but both are primed to bounce back in the coming year, said David Bahnsen, chief investment officer of the Bahnsen Group at HighTower.

"Magellan has a very high distribution coverage and a very safe balance sheet," said Bahnsen. "We like Magellan defensively." Shares of Tulsa, Okla.-based Magellan are down 19% in the past year and now yield 4.9%.

Bahnsen said he likes Enterprise defensively because of its 7% yield, but "opportunistically" as well, because in his view it has the best natural gas assets in the business. Shares of Houston-based Enterprise have dropped 32% in the past 12 months.

Staying in the energy sector, Bahnsen said he remains bullish on both oil services giant Schlumberger (SLB) - Get Report , which has jumped 9.4% in the past week after a rough 2015 performance, as well as Chevron (CVX) - Get Report , down 21% in the past 12 months.

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"A good portion, if not all, of the pain in the oil sector has taken place and been priced in," said Bahnsen. "We now have a north of 5% yield on an integrated company in Chevron. Up and down, we like Chevron."

As for Schlumberger, Bahnsen said the company is weathering the storm because of its balance sheet, including its stock buybacks, and when the cyclical turn comes they will be ready.

As for financials, Bahnsen is positive on JPMorgan Chase (JPM) - Get Report , up 4.5% in the past year, saying it is primed to perform well even if the Federal Reservedoes not go ahead with multiple rate hikes to boost its net interest margin.

"We own it from a leadership standpoint in a distressed sector," said Bahnsen. "Financials cannot possibly stay this week forever." 

Finally, Bahnsen is a fan of AT&T (T) - Get Report for its 5.5% dividend yield, as well as its stability in a volatile market.