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Three top stock picks from BluMont Capital’s Alex Ruus

Alex Ruus

Tibor Kolley/The Globe and Mail

Alex Ruus is executive vice-president and portfolio manager at BluMont Capital and Northern Rivers Funds. His focus is North American equities.

Top Picks:

WellPoint Inc.

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WellPoint is the leading U.S. health care insurer and the largest owner of Blue Cross/ Blue Shield brands. WLP offers an attractive vehicle to invest in the inevitable rise of spending in the U.S. health care system. The company is undervalued and offers access to a rising stream of dividends.

Horizon North Logistics

Horizon is a leading provider of critical logistics for remote development of resource and infrastructure projects. HNL is uniquely positioned to prosper from the entire spectrum of work-force accommodation demand in remote locations, especially in the growing Athabasca oil development and the coming LNG gas development programs in Western Canada. The company is undervalued with a rising stream of dividends.

Neptune Technologies & Bioressources

Neptune is a leading producer and developer of nutritional supplements and pharmaceuticals, with a focus on commercializing its proprietary phospholipid containing krill oil formulations. The company's majority owned subsidiary, Acasti Pharmaceuticals, is developing a potential blockbuster treatment for hypertriglyceridemia and cholesterol. The company currently is trading at a deep discount relative to the market opportunity should trials continue to show excellent results.

Past Picks: May 2, 2013

Magna International
Then: $60.86
Now: $83.80
Total return: +38.95 per cent

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Alaris Royalty
Then: $27.64
Now: $34.40
Total return: +26.24 per cent

Philip Morris International
Then: $95.01
Now: $83.75
Total return: -10.99 per cent

Total return average: +18.07 per cent

Market outlook:

The markets will continue to rise slowly over the coming year as the global economy continues to recover from the great recession of 2008-09. Expect choppiness to continue with at least one correction creating panic among speculators. The best returns will be made by buying great businesses that are undervalued.

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