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My Top 4 Contrarian Stock Picks: Portfolio Manager

Friday, 26 Feb 2010 | 5:36 PM ET

Markets wavered on Friday, after a weak opening following disappointing GDP and existing-home sales data, as traders played the market in a tight range. Where can you find some value in today’s stock market?

Finding Value in the Market
A comprehensive approach to value investing, with Connor Browne, Thornburg Investment Management managing director.

Connor Browne, co-portfolio manager at Thornburg Investment Management, shared his insights.

“We take a ‘comprehensive approach’ to value investing,” Browne told CNBC.

“We think the important distinction is between momentum investing and contrarian investing and we’re contrarian investors.”

Browne Likes:

Marathon Oil

ConocoPhillips

“We think the integrated oil companies look attractive,” said Browne. “If everything works out, we might be able to get a double on those two stocks over the next couple of years.”

Fiserv —“We think there’s going to be a lot of earnings power in a recovery scenario for Fiserv,” he said. “We love it…We like it a lot right here.”

Life Time Fitness —“Even as tough as this economy has been, earnings fell only 5 percent in 2009—so they held up very strong,” he said.

“With 84 current clubs today, we think Lifetime could add another 150 to 200 over time in the U.S.”

  • Watch Browne's Previous Appearance on CNBC (Sept. 30, 2009)

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Disclosures:

No immediate information was available for Browne or his firm.

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Disclaimer

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COP
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FISV
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LTM
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MRO
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