After a volatile first quarter, where are stocks headed the rest of 2015?
Has oil bottomed?
Will the Fed raise rates this year?
How can I beat the market in these uncertain conditions?
The CIO of Lebenthal Asset Management is up 9.5 percent this year in the model portfolio, compared to a 1.4 percent gain by the S&P 500. Timely value bets in Citigroup, GM and IBM, which he still holds, have been responsible for his outperformance this year.
Lebenthal also owns BP in a bet that oil prices have, in fact, bottomed.
The investor started the year with another deep value bet—a comeback in shares of J.C. Penney—which got him out in the lead early. He sold shares of J.C. Penney after a 35 percent gain at the beginning of March (and added BP) on the notion that oil would rebound, which he believed would cap the gains for retailers.
Read MoreTrader: Sell retailers, bet on oil