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.

John Reeves and David Meier have no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.