Starbucks is scheduled to report earnings after the close on January 22.
McDonald's is scheduled to report earnings before the market opens on January 23.
Stephanie Link says it was important to take some profits and losses into the year-end rally to raise some cash and look for fresh buys ahead of the earnings season.
Stephanie Link picks baskets of stocks that diversified within the sector itself and says that will be applied to her 2015 Healthcare picks.
Energy stocks have pulled in significantly as 2014 winds down due to the volatility in underlying crude prices.