Power Play: Volatility creates opportunity

With Thursday's market sell-off, the Dow and the S&P 500 are on track for their second worst week of the year.

But the volatility is also creating some opportunities for investors.

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Neuberger Berman Equity Income Fund Portfolio Manager Sandy Pomeroy tells CNBC's "Power Lunch" this is the time to upgrade to higher quality names.

Three stocks in Pomeroy's portfolio right now are Johnson & Johnson, PNC Financial Services Group and NextEra Energy.

Pomeroy believes investors have to participate in the market when it is going up, but also have to hang onto gains when portfolios get choppy, and these stocks will help them accomplish that goal.