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.


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.

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Scott owns Aflac and Wal-Mart through his fund.