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LINDSEY VONN
CNBC.com web-only interview
Downhill skier Lindsay Vonn

This Bank May See Dividend Hike Next Year: Stock Picker

There’s still value in the stock market even if shares have rallied nearly 100 percent since their March 2009 lows, said Jeff Layman, CIO of BKD Wealth Advisors.

Layman’s picks include Intel , Teva Pharmaceuticals and JPMorgan .

“There’s a lot of macroeconomic support for [JPMorgan],” Layman told CNBC. “We think the dividend will be higher a year from now, and as long as the economy continues to heal, this company ought to produce earnings that are better than expected.”

In the meantime, Bill Smead, CEO and CIO of Smead Capital Management, said he likes companies that generate “high levels of free cash flow.”

“It appears even the U.S. government is going to quit stimulating and that interest rates are going to rise around the world,” he said. “So we like the pharmaceutical companies.”

Smead's Picks:

Mylan Lab

Bristol-Myers

Cabela’s

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Scorecard—What They Said:

  • Layman's Previous Appearance on CNBC (Oct. 26, 2010)
  • Smead's Previous Appearance on CNBC (Mar. 28, 2011)

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More Market Intelligence:

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CNBC Data Pages:

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CNBC Slideshows:

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Disclosures:

Smead owns shares of MYL, BMY and CAB in the Smead Value Fund.

No immediate information was available for Layman or his firm.

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Disclaimer

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