Shares of Grand Canyon Education (LOPE) - Get Grand Canyon Education Inc. Report have fallen over 18% so far in 2015, but they have still outperformed the rest of the beleaguered for-profit education sector. Connor Browne, portfolio manager of the Thornburg Value Fund (TVAFX) - Get Thornburg Investment Trust Small/Mid Cap Core Fd Cl A Report , said Grand Canyon has the best chance of the bunch to dig itself out of its current hole.
"They operate a ground campus in Arizona, it's a beautiful campus that you can look up on the Web site," said Browne. "Growing that ground campus where they are getting good outcomes for a student at a good price strengthens the online brand."
The Thornburg Value Fund is up 2.7% so far this year, according to fund-tracker Morningstar. The $925 million fund is outpacing 85% of its peers in Morningstar's large blend category.
Browne is also positive on shares of Seattle Genetics (SGEN) - Get Seagen Inc. Report , which are up over 31% year-to-date even after a wild ride in the market. He said the company's antibody-based therapies for the treatment of cancer have tremendous upside, especially its lead product Adcetris, which he says is just scratching the surface.
"They have seven clinical programs, early stage clinical programs and another four headed into the clinic later this year," said Browne. "That's a lot of shots on goal, if one of them hits it could double the market cap of the business."
Shares of Weatherford International (WFT) - Get Weatherford International plc Report have dropped almost 12% thus far in 2015, underperforming oil field services competitors including Halliburton and Schlumberger. Browne said Weatherford will weather the downturn in the oil patch and it's a good opportunity to get into the name at a cheap valuation.
"It's been a poorly managed company for a long time, but we think management today is doing the right things in terms of cutting costs," said Browne. "They are generating free cash flow in this tough oil price environment and the benefits of those cost-cuttings will come through if we see a recovery in oil prices."
Finally, Browne is a fan of Facebook (FB) - Get Meta Platforms Inc. Report , which has seen its shares surge 33% this year and reports third-quarter earnings next Wednesday. He said the shift from television advertising to the internet is still under way and Facebook is in the perfect spot to capture a vast amount of it.
"Facebook over the next few years will be able to monetize its users much better than the market is expecting and will drive upside in the shares," said Browne.