Value investor David Katz says he's buying these high-quality stocks during the sell-off

Key Points
  • The stock market will stabilize by the end of the year, creating opportunities for long-term investors to add high-quality names to their portfolio, Matrix Asset Advisors' David Katz said. 
  • "You don't have to buy names that are in the travel industry," the value investor said. 

Value investor David Katz said Tuesday that the market will stabilize by the end of the year, creating an opportunity for investors with longer-term time horizons to buy high-quality stocks available at discount.

"You don't have to buy names that are in the travel industry," the chief investment officer at Matrix Asset Advisors told CNBC. 

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