Wholesale inflation and producer prices surged in January on rising energy and food costs. Those two sectors are still ripe places for investment, according to Jon Najarian on CNBC’s Closing Bell.
The companies that provide what is needed to grow food – mainly the agriculture complex – are all performing well even as inflation worries creep back into the minds of investors. Potash , Agrium and Agco are all booming and Najarian would be a buyer of any of them.
And with oil again testing new highs, Najarain, an options trader, said that he’s noticing that call-buying in the solar power names is finally starting to pick up.
China-based LDK Solar announced that the recent winter storms in that country wouldn’t hurt its production as much as originally feared, which Najarian said is likely to boost Suntech Power , the other Chinese solar play. Suntech was also added to Goldman Sach’s ‘conviction buy’ list on Tuesday.
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to firstname.lastname@example.org.