Facebook may trade at a rich multiple, but its growth and profit prospects make it a dynamic young company worth holding, says Michael Cuggino, portfolio manager for the Permanent Portfolio Aggressive Growth Fund. Cuggino is also bullish on Williams-Sonoma's stock which he says will turn around as the market's focus returns to home building and home renovation as opposed to holiday sales. Refiners have had their problems in the past year, however, Cuggino says the group and especially HollyFrontier are poised for growth this Spring.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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