Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.

Oshkosh Truck (NYSE: OSK) is the favorite conservative idea for 2007 from Jon Markman, editor of Strategic Advantage. "I do not expect a recession within a six-month horizon, which increases my confidence in picking a cyclical company such as Oshkosh -- especially since there is so much fear that the economy is headed straight for a recession.

"OSK -- which designs and manufactures a wide range of commercial, fire, emergency, and military trucks and truck bodies under several trademarks, including Oshkosh, Pierce, McNeilus, Medtec, Jerr-Dan, BAI, London, and Geesink -- is now cheap on every valuation measure that I consider important.

"The stock has fallen about 35% from its May highs in recent weeks. Investors were worried about its future growth rate, and there has been some skepticism about a large acquisition that was announced a month ago.

"Moreover, next year it will likely qualify as one of my Core Select List stocks, as it has provided positive earnings, revenue, cash flow, and capital appreciation for the past nine years straight. The company earns a high return on capital, and is one that I believe you can own for years. You should start buying OSK for a late 2007 target of $67 and a $95 target for 2009."

To see Jon's favorite speculative idea for 2007, click here.