Lowe's (LOW) was keeping pace with the S&P 500 until last week's second quarter earnings miss knocked six percent off the home improvement retailer's stock. Brian Milligan, portfolio manager for the Ave Maria Growth Fund (AVEGX) , believes any short-term setback will be temporary. 'Consumers are investing more in their homes and Lowe's and Home Depot are poised to take advantage of that trend,' said Milligan. 'It's a big tailwind.' Graco (GGG) , up two percent year-to-date, is another one of Milligan's top picks. The fluid dispenser-maker fell almost 10% last month after it missed Wall Street's second quarter earnings estimate by a dime a share. Milligan is also bullish on Cognizant Technology (CTSH) , which has seen its shares drop four percent so far in 2016. 'Cognizant's health care and financial verticals hurt them in the second quarter but they will recover,' said Milligan.