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Top investor: Safe stocks for a crazy market

Louis Navellier of Navellier & Associates
Adam Jeffery | CNBC
Louis Navellier of Navellier & Associates

Louis Navellier, the leader of CNBC's "Squawk Box" Platinum Portfolio competition with a gain of 19 percent this year, shared his views on how to ride out the volatility in the market.

The S&P 500 staged its worst start to September in 13 years on Tuesday, dipping back into correction territory, down 10 percent from its 52-week high in May. The markets then rebounded early Wednesday with the Dow up more than 150 points.

The CBOE Volatility Index shot above the 50-mark last week for the first time since the financial crisis in 2009.

As investors brace for the possibility of more turbulence, the chairman of Navellier & Associates says two areas of the market can be used for shelter.