Norman Levine, managing director, Portfolio Management Corp. Stock Picks

Norman Levine, managing director, Portfolio Management Corp. was on RoBTV October 10 with his STOCK PICKS

General Electric (NYSE:GE): large-cap multinational, out of favor for 6 years..only now investors starting to move money in them..investors have been distracted by resources, technology..time to put money into them..good yield, good growth prospects..GE grows faster than average..great management, product diversity, hot areas like power generation, health care products..sold off financial services, which gets lower multiples..target price could go into mid-$40s with 3% dividend

Barclays Bank PLC (NYSE:BCS): we actually own a couple overseas banks..Barclays has growth in the teens..8.5X next year's earnings..nice yield..grows faster than Canadian banks, trades at lower multiples..international exposure..credit card division doing very well..investment arm just getting going..not as broadly based as HSBC..target mid-$60s

Northern Property (TSE:NPR.UN): real estate income trust..great growth, distribution below average, healthy balance sheet..biggest tenant are governments..yield 5.75%, room to grow..new valuation has been put on real estate investment trust..Northern is lagging a little here..