Shares of Fiat (FCAU) - Get Report  have fallen 25% so far in 2016, including a 5% drop Monday after a German newspaper reported the automaker could be banned from selling cars in the country for potentially disregarding emissions standards.

George Schultze, CEO of Schultze Asset Management, said Fiat has a history of overcoming its problems and will do so in Germany.

"It's a cheap stock and a great company," said Schultze. "They have successfully been spinning off non-core assets like they did with Ferrari and Maserati might be next."

Fiat's U.S. sales rose 5.6% in April, primarily due to the popularity of Jeep SUVs and Ram pickups, beating Wall Street analysts' estimates of 4.3% growth and extending its streak of monthly gains to more than six years. Fiat's sales reached 199,631 cars and light trucks for the month. Jeep sales surged 17% from a year earlier, as Compass and Renegade more than doubled. The Ram truck brand gained 12% to 45,810.

Schultze is also positive on Bank of America's (BAC) - Get Report  stock despite it being down 13% thus far in 2016 as low interest rates and a lack of IPOs have weighed on its performance. Last month the bank reported first-quarter earnings that were in line, but they were undermined by a $600 million miss in revenue, which came in at $19.7 billion, down 8% from a year earlier.

Net income in the global banking sector declined 22% from a year earlier. Provisions were up more than five times due to exposure to the energy sector. Excluding litigation, non-interest expense declined 9%, and sales and trading revenue slipped 16% to $3.3 billion. For full-year 2016, earnings are expected to fall 4.3%.

"They have a $1.5 trillion book of loans and other earning assets. They make a lot of money on that book now and will make even more when rates finally rise," said Schultze.

Finally, Schultze is short Caesars Entertainment (CZR) - Get Report , down 11% year to date, calling it a "bankrupt company with its main operating asset in bankruptcy." 

"It will be diluted or wiped out within the next year," said Schultze.