Big Investors Like HPQ, GS, RGLD, PEP, DEO, JNJ

Fortune magazine senior editor Leigh Gallagher asked 25 fund managers with the best track records to pick a stock that they would buy or hold for a long term period. The interview was published in Fortune magazine's retirement guide issue. Leigh Gallagher spoke on CNBC with Maria Bartiromo about the stocks that these fund managers like. Tom Forester, a manager of Forester Value Fund FVALX, likes Hewlett-Packard Company HPQ. He sees this stock as a recovery play, as businesses are starting to reinvest in their technology. He believes that this recovery will happen in the near term horizon. Hewlett-Packard (HPQ) has a lot of exposure to Europe, but Tom Forester is not worried about that. Bruce Berkowitz, a manager of Fairholme FundFAIRX, likes Goldman Sachs GS. He thinks that the controversy around Goldman Sachs (GS) is temporary, and this is a great opportunity to buy this stock. Mark Johnson of USAA Precious Metals and Minerals USAGX likes Royal Gold, Inc. RGLD. He sees this stock as a safe and conservative way to play gold, because this company owns royalties. Leigh Gallagher added that a lot of managers like stocks like PepsiCo, Inc. PEP, Diageo plc (ADR) DEO and Johnson & Johnson JNJ.