NEW YORK (TheStreet) -- TheStreet's Gregg Greenberg spoke to Bill Smead, portfolio manager of the Smead Value Investor Fund, about some of his favorite stock picks.

Franklin Resources ( BEN) is a stock that Smead continues to watch, saying the lower it goes the more interested he becomes.

Due to the large exposure to foreign bonds and emerging markets, it's no surprise Franklin is selling off amid violent global volatility in nearly all asset classes.

Smead also likes Gannett ( GCI), citing its recent takeover of Belo ( BLC) and the recovering economy.

It's not flu season but he also likes Walgreen ( WAG) for both its convenience store business and drug distribution business.

Smead added that the deal with Express Scripts ( ESRX) should help boost its customer orders and the rebounding consumer confidence should aid in convenience store sales.

Finally, he pointed to the recovering housing market for a reason why Nordstrom ( JWN) should flourish going forward.

He concluded that when unemployed tradesmen go back to "making $70,000 per year in a full year of employment, their wives are going back" to Nordstrom.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola'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.

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