NEW YORK (TheStreet) -- Investors are cautious ahead of next week's presidential election, but some stocks should hold steady whether Democratic candidate Hillary Clinton or Republican candidate Donald Trump wins, TIAA Global Asset Management Active Equities Portfolio Manager Stephanie Link said on CNBC's "Halftime Report" on Tuesday afternoon.
The Dow and S&P 500 reported a third-straight month of declines for October, ahead of the election.
"Maybe we don't have a lot of upside in the near-term. But I do think that there are certain sectors and certain styles that will work," Link said about the disappointing October numbers.
For example, telecom companies may not be doing well, but financial and technology companies are working fine, she noted. The energy sector "lagged in the last month, but it's had a nice run off the lows." Because performance is varying by sector right now, investors should "step back" and look at the macros because "none of us really know what's going to happen with the election."
To create an election playbook, investors should "make a shopping list" of companies that should perform well no matter who wins the election based on their positive financial reports, Link said. "I'm making a shopping list. All of the companies that reported good earnings so far, I would be buying if we get a pullback because of the election uncertainty."
Some of the names on her shopping list include industrial gases company Air Products & Chemicals (APD), toymaker Mattel (MAT), Bank of America (BAC) and JPMorgan (JPM). "Those are names that I think the fundamentals are sound no matter who wins," she said.