There are opportunities to pick up value stocks in today's market, though it isn't cheap overall, according to Bill Nygren, a portfolio manager at Oakmark Funds.
"There are lots of expensive stocks and lots of very cheap stocks," he said on CNBC's "Closing Bell" on Tuesday.
He also likes a slew of media names including Charter Communications , Disney , Netflix and Warner Brothers Discovery.
Nygren also likes Disney for its assets, including its theme parks and its outstanding film library.
In the group, Oakmark thinks that Netflix, Disney and Warner Brothers Discovery are winners in that battle.