Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Market Call

3 top stock picks from money manager Bruce Campbell Add to ...

Bruce Campbell is president of Campbell & Lee Investment Management. His focus is on Canadian large caps.



Top Picks:

Iamgold

Iamgold has $5 share in cash, trades at the second lowest value of the senior golds and you get niobium for free, which is worth at least $2-3.



TransCanada

TransCanada has a solid dividend combined with future growth. The Keystone pipeline delay has now been priced in and the stock trades at a discount for that reason.



Paramount Resources

The best growth out of any energy stock in Canada. Liquids-rich deposits and its Hoole oil sands project will transform the company over the next two to three years. The Liard basin play will have great netbacks even at current gas and oil prices.



Past Picks: Feb. 16, 2011



BHP Billiton

Then: $95.30

Now: $81.60

Total return: -10.49%



Rogers Communications

Then: $35.39

Now: $37.90

Total return: +11.39%



Argonaut Gold

Then: $4.55

Now: $8.33

Total return: +83.08%



Total Return Average: +27.99%



OUTLOOK

The improving U.S. economic numbers have been a big help in supporting the latest market rally. However, the potential for an "accident" is still higher than in normal times. This scenario is why we still hold slightly higher-than-normal cash levels, but would describe ourselves as cautiously optimistic. Our base case is that Europe does not fall apart. This still means that we would be looking for slow growth for a few years to come. The stock market has discounted such a poor outcome in Europe that our base case would result in positive stock market returns over time, albeit with continued high volatility and uncertainty.

Click here to see the full BNN interview



Compiled by Franklin Cameron, BNN Market Call Tonight

____

Also see:

3 top ETF picks from portfolio manager John Hood

3 top stock picks from Toron's Charles Lannon

3 top stock picks from Macquarie's Mike Newton

3 top stock picks from portfolio manager David Baskin

Related content3 top stock picks from technical analyst Bill Carrigan

 

More related to this story

In the know

Most popular videos »

Highlights

More from The Globe and Mail

Most popular