AB U.S. Concentrated Growth CIO Jim Tierney tells CNBC's "Power Lunch" on Thursday, the recent sell-off has created some opportunities. "A number of companies have been disproportionately impacted and we would be buying into this weakness," Tierney said.
One name he likes now is Delphi Automotive. "Delphi was a cheap stock to start, but the 15 percent drop seems too severe," Tierney said.
He believes Delphi has a good content story that should more than offset any weakness in global unit volumes. "Crash avoidance systems, as an example, will be in almost all new U.S. cars by 2020, a growth opportunity for the company even if we are only selling 17 million cars at that point.," Tierney said.
Delphi is down during trading and is off 27 percent year-to-date.