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Buy these beaten down names: Pros

Sometimes the worst performers in this year's market can be next year's gems, two pros told CNBC on Tuesday. In fact, some of these downtrodden names are on their buy lists.

For Don Wordell, portfolio manager at RidgeWorth Capital Management, four companies stand out.

For a play on the consumer, he likes Mattel, which is down more than 35 percent year to date.

Not only does it have a "very attractive" dividend yield north of 4 percent, "valuations [are] very compelling and we think the fundamentals, while they've been weak this year … we think that those expectations have got too low," he said in an interview with "Street Signs."

He would buy Mattel for the coming 12 to 18 months.

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Tidewater is Wordell's play on energy, specifically deep-water drilling.

Such drilling is going through a down cycle right now, he said, but "Tidewater is positioned as strongly as they can be. They have all new equipment," he said.

"Over the next 12 to 18 months, I'm very, very comfortable that deep-water drilling is going to continue have a continued upcycle."

Tidewater is down almost 50 percent this year.

Wordell also likes PVH Corp. and Tyco, which he said has a tremendous pipeline of deals.

Patrick Kaser, managing director and portfolio manager at Brandywine Global, has his eye on General Motors, which is down almost 20 percent year to date.

He called the automaker a cheap stock with a strong balance sheet and good cash flows.

"GM is one of those that could be a much better stock going forward than it has been looking backwards," Kaser said.

For an energy pick, Kaser likes Halliburton, which fell more than 22 percent in 2014.

"You're looking at a good management team, a cheap valuation. The market's expecting earnings to fall. They will. That's clearly, I think, already priced into the stock," he said.

However, Kaser emphasized he has a long-term view of three years on the stock, noting he can't predict the next three months.

Another name on Kaser's buy list is Reliance Steel, which he thinks has a reasonable valuation and will benefit from a growing economy.

While he doesn't own GameStop, Kaser said he is "intrigued" by it because of the debate over whether physical video game disks will continue to be relevant.

"Controversy creates opportunity and people assign too high a probability to a negative outcome and that really creates the buying opportunity," he said.

CNBC's Jackie O'Sullivan contributed to this report.

Disclosures: Patrick Kaser owns GM, HAL and RS, which are also investment banking clients of Brandywine Global. Don Wordell and his family own MAT, TDW and PVH, which are also investment banking clients of RidgeWorth Capital Management, and they own TYC through the company fund.

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