Don Olmstead.

DON OLMSTEAD managing director, Novare Capital Management LLC, Charlotte

BANK OF AMERICA CORP.

As it moves past legacy mortgage issues, the Charlotte-based bank is positioned to benefit from a growing economy, improving credit quality and a rebounding housing market. Its focus on cost reduction and buybacks should boost earnings per share, and the stock's valuation, trading below its historical average, is attractive.

P/E RATIO 28.3

YIELL 0.3%

BETA 2.26

QUINTILES TRANSNATIONAL HOLDINGS INC. The largest contract research organization in the world, Quintiles is positioned well for growth as biopharmaceutical manufacturers continue to outsource a greater portion of their clinical trials and research and development. In addition, the company has key advantages--including scale, higher margins and a more diverse customer base--over its peers.

P/E RATIO 27.8

YIELD na

BETA na

RED HAT INC.

As a provider of open-source software products, the...