Top Picks Among the Top Names
These stocks are well-known, they're earning money, they're reasonably priced -- and David Scott thinks investors ought to own them.
Scott's four-star Chase Growth Fund is up an average of 11.5 percent per year over the last five years.
Recommendations:
His first pick is Aflac.
"There are very few financial stocks that we think are attractive," he told CNBC. "Most of them are tainted by lending problems...but Aflac is not; 70 percent of their business is in Japan; in the supplemental insurance area, they've reported a very nice earnings pattern in recent quarters."
He also likes Wal-Mart.
"Wal-Mart has finally got its act together," he said. "The last three or four same-store sales reports have been positive; the last earnings report was very positive; they're going to report earnings later this week, and we expect they'll beat the estimate."
Wal-Mart has benefited from consumers "trading down" during the economic slump, but he thinks the company will be well positioned to thrive during recovery, too.
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Scott also offered stock recommendations exclusively for this Web site's readers. He recommends IBM and McDonald's.
