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Double-Digit Returns Coming This Year: BlackRock's Doll

Investors should place their bets in equities as the stock market is likely to see another double-digit total return in 2011, said Robert Doll, chief equity strategist at BlackRock.

“The U.S. will do well—we’ve got an economy that’s probably going to have more of a quantity of growth and I’m sure it will have more quality,” Doll told CNBC.

“It will be less about government stimulus and inventory and more about final demand—that should lead reasonable earnings growth.”

Doll said he expects the stock market to repeat its upward trend as seen in 2010.

“It won’t be a straight line and never is, but I think investors will do well to own equities this year,” said Doll. “This is the first time we’ve got three double-digit years of growth since over 10 years ago...it’s in the cards.”

Doll’s favorite sectors are energy and health care. His top picks include Bristol-Myers ,

Eli Lilly ,

United Healthcare ,

ConocoPhillips ,

Murphy Oil

and Marathon Oil .

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Scorecard—What He Said:

  • Doll's Previous Appearance on CNBC (Dec. 14, 2010)

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More Market Advice—Read and Decide:

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CNBC Data Pages:

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CNBC Slideshows:

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Disclosures:

No immediate information was available for Doll or his firm.

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Disclaimer