Better stocks?

Financials: JPM or Scotiabank (BNS)...so beaten down. I'd watch all the Canadian banks even longer, but eventually any of the five will probably be a great investment...even if you bought now.

Energy: can't go wrong with either, but don't overlook Marathon Petroleum or Valero. Sick P/Es right now. Also refiners perform better when oil is lower. They are refiners.

You might want to check consumer staples like JNJ and a utility as well...
Of course you can just buy a fund for any of the above through vanguard.

VFH
VDE
VDC
VPU

My 401k and IRA are full of index funds. Looking to buy a few individual stocks that have either been beaten down more than they should've, or are the best in the segment (mainly for long term holding purposes)

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Financial--bank of America vs Jp chase

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JPM, hands down. Their CEO is considered to be the best in the business, and the only reason they took a bailout after the mortgage crisis was so that other banks would fall in line, not because they needed it. They paid the bailout back a few years later. Plus, higher interest rates will help commercial banks' bottom lines.

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Energy--Exxon vs chevron vs sasol

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No reason you can't own both XOM and CVX, but I wouldn't put any money into them unless oil is at or below $40 (or $45, if you're skeptical it'll reach $40 again). But keep two things in mind: 1. Don't look at what the price was for these two stocks a year ago to decide if they're cheap/a good bargain buy; 2. Don't look at P/E ratios to determine if they're cheap/good bargain buys. Partly the reason for low P/E ratios is lower expected future earnings: oil prices aren't going back to $100 a barrel any time soon (barring catalyst), and the futures contracts they have at higher prices will eventually run out. And since these companies are commodity driven, it is just as important to look at the company's profitability, growth plans, fiscal well-being, etc., as it is to look at the price of the commodity.