Top stock picker's strategy for the second half

Delta Air Lines planes at John F. Kennedy Airport in New York.
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Delta Air Lines planes at John F. Kennedy Airport in New York.

Paul Meeks, a notable investor who is outperforming the market in 2015, believes a contrarian approach could provide outsized returns for the second half of the year.

Meeks, director of institutional investing at Saturna Capital, is up 7 percent this year in the "Squawk Box" Platinum Portfolio, besting the S&P 500's 2.6 percent gain and putting him among the top performers in the contest.

Here's his investing outlook for the rest of the year.