Hedge-fund star David Tepper says that the stock market’s violent Christmas Eve selloff has compelled him to “nibble” at beaten-down equities.

Speaking to CNBC’s Scott Wapner, Tepper said the Dow Jones Industrial Average DJIA, +0.19% , the S&P 500 SPX, +0.29% and the Nasdaq Composite Index COMP, +0.36% , which all tumbled in the early minutes of Monday trading, “had a pretty good move” lower.