He shared 10 stocks to invest in for long-term gains and protection against a recession.
If his macroeconomic predictions come true, the equity market will continue allowing him to play to his strengths in the near future.
He also attributed his fund's success to the performance of the auto manufacturer Tenneco, the pharmaceutical distributor McKesson, and three energy stocks — EQT, Occidental Petroleum, and Schlumberger.
To hedge against a recession, Muhlenkamp is also bullish on healthcare stocks.
"Broadcom, in my opinion, is doing in tech what Warren Buffett does in industrials and energy — accumulating cash cows," he said.