NEW YORK (TheStreet) -- Although the S&P 500 is up nearly 30% for 2013, that doesn't mean all stocks enjoyed a smooth ride. TheStreet's Gregg Greenberg is alongside Brian Frank, portfolio manager of the Frank Value Fund, eyeing some 2013 laggard stocks that could outperform in 2014.
Frank's first pick was Performant Financial (PFMT) - Get Report. The stock was only up 5% in 2013 and works mostly with student debt collection and investigating Medicare fraud, both of which are on the rise.
Liquidity Services (LQDT) - Get Report was another stock Frank liked going into 2014. Although the company has hit a short-term slowdown in growth, he said its long-term growth prospects are still good.
Vera Bradley (VRA) - Get Report and other retailers struggled this year, but he suggested that Vera Bradley still has strong growth and is in better position than many of its peers because it does not compete with Michael Kors (KORS) , the "juggernaut" of the industry.
The company can persevere through a difficult economy too, evidenced by its positive comps sales in 2008, Frank concluded.
-- Written by Bret Kenwell in Petoskey, Mich.
Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.