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3 top stock picks from portfolio manager John Stephenson

John Stephenson is senior vice-president and portfolio manager of First Asset Investment Management. His focus is on resource stocks.



Top Picks:



Talisman Energy

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Talisman trades at a 45% discount to net asset value. Production strength in Columbia could be a catalyst for the name.



Suncor Energy

Trailed the group badly and in uncertain times, an integrated producer is the best alternative.



Canyon Energy Services

This company will grow its asset base by 50% by the second quarter of 2012 and has zero net debt.



Past Picks: March 4, 2011



BP plc

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Then: $48.56

Now: $47.32

Total return: +0.30%



Halliburton Company

Then: $46.84

Now: $36.22

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Total return: -22.17%



Calfrac Well Services

Then: $31.93

Now: $27.06

Total return: -14.74%



Total return average: -12.20%



OUTLOOK

Markets will likely trade higher over the course of the year, with the situation in Europe continuing to interrupt the market's upward trajectory. Accommodative monetary policy the world over will continue to favour risk assets. However, investors should focus on risk assets with a yield.



Click here for the full video interview

Compiled by Franklin Cameron, BNN Market Call Tonight

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Also see:

3 top stock picks from LDIC's Michael Decter

3 top stock picks from portfolio manager Lorne Steinberg

3 top stock picks from money manager Bruce Campbell

3 top ETF picks from portfolio manager John Hood

3 top stock picks from Toron's Charles Lannon

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