Top trader Lebenthal buys two beat-up blue chips

Jim Lebenthal, one of the leaders of CNBC's "Halftime Report" model portfolio competition, bought shares of two blue chips he believes are oversold.

"Both are attempts to put money to work in advance of tomorrow's jobs report which should show a bounce back from May's horrible report," Lebenthal wrote in an email to CNBC PRO. Year to date, Lebenthal's picks netted him a return of 15 percent compared with a gain of 3 percent for the index.

Here are his two picks: