The following video is part of our "Motley Fool Conversations" series, in which Million Dollar Portfolio advisor Dave Meier and analyst John Reeves discuss topics across the investing world.

With the new year still somewhat new, Dave talks about his favorite stocks in 2012. He talks about what he is looking for and then identifies several great ideas that are likely to take off this year. The video concludes by looking at time horizons for each of the five ideas.