T. Rowe Price's David Giroux says the recent market volatility has punished some promising stocks unfairly.
Giroux's five-star Capital Appreciation Fund has earned an average of 13 percent per year over the last five years.
"We see tremendous value, and not a lot of downside," he told CNBC. "I can't tell you if [they're] going to turn today, or tomorrow, or six months from today, but I think there's a lot of value for an investor who has a longer-term time horizon."
He likes Danaher, which he describes as a "relatively low-cyclical industrial...a great business, great company, great management, growing its earnings pretty consistently at a 15 percent annual pace."
Another pick is White Mountains Insurance.
"It...trades about 1.1 times book value, no subprime, no RMBS, no leveraged loans, just a very high-quality insurance company," he said.
Giroux also sees some opportunities in the badly-beaten financial sector.
Tyco Electronics, a spin-off from Tyco, tops his tech list.