On the other hand, the telecom sector could reveal the largest positive profit growth in the past quarter, followed by health care, consumer discretionary and utilities.

ETF investors can also target these areas with broad sector ETF plays. For instance, the iShares U.S. Telecommunications ETF (NYSEArca: IYZ), Vanguard Telecommunication Services ETF (NYSEArca: VOX) and Fidelity MSCI Telecommunication Services Index ETF (NYSEArca: FCOM) provide exposure to the the telecom space.

The Health Care Select Sector SPDR (NYSEArca: XLV), iShares U.S. Healthcare ETF (NYSEArca: IYH), Vanguard Health Care ETF (NYSEArca: VHT) and Fidelity MSCI Health Care Index ETF (NYSEArca: FHLC) provide access to the health care sector.

Investors can look at broad discretionary plays through the  iShares US Consumer Services ETF (NYSEArca: IYC), Vanguard Consumer Discretionary ETF (NYSEArca: VCR) and Consumer Discretionary Select Sector SPDR (NYSEArca: XLY).

Lastly, the Vanguard Utilities ETF (NYSEArca: VPU), iShares U.S. Utilities ETF (NYSEArca: IDU) and Fidelity MSCI Utilities Index ETF (NYSEArca: FUTY) provide exposure to stable utilities stocks.

Max Chen contributed to this article.