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3 top stock picks from money manager Ron Meisels

Ron Meisels is the founder and president of Phases & Cycles Inc. His focus is on Canadian and U.S. equities.

Top Picks:

Cheniere Energy

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Stock had a huge decline from $40 to a low of $1 in 2008, built a 2-year base and now it is in an uptrend.



LSI Corp

Has been building a base since 2002, just as the other technology stocks. It is on the verge of a major break-out.



Celestica

Had a major decline from about $130 in 2000 to about $3. Has a huge base and is ready to start another upleg.



Past Picks: May 30, 2011



Viterra

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Then: $11.99

Now: $15.92

Total return: +34.30%



Delphi Energy

Then: $2.53

Now: $1.16

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Total return: -54.15%



Richmont Mines

Then: $8.32

Now: $6.48

Total return: -22.11%



Total Return Average: -13.98%



MARKET OUTLOOK

The S&P 500 had a 23% rise since late November. It was overdue for a rest. The U.S. market may stay in a narrow trading range through April and early May, before another upleg could occur. On the other hand, the S&P/TSX Index has significantly underperformed during this time (11.5%), due mainly to the underperformance of the financial sector, and may continue to lag unless the energy and material sectors start to improve.



Compiled by Franklin Cameron/BNN Market Call Tonight

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