Gerald Jordan, portfolio manager of the Jordan Opportunity Fund, started buying stocks a week ago when things started to get “really ugly.”

“I took a little bit of money out of health care last week, and I started to put it back into some of my energy names,” he said.

One stock he recently bought is Peabody Energy

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[BTU  Loading...      ()   ], a coal play.

“I think the coal stocks are an enormous buy here. I think oil service…is an enormous buy here, and I have avoided the financials," he added.

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Disclosures:

Disclosure information was not available for Jordan or his fund.

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