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Millennium Pharmaceuticals [MLNM
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] shares soared 70 percent since March -- when Friedman, Billings, Ramsey's David Khani recommended it.
So what does he have his eye on now? One engineering/construction company, one health-care company, and two energy companies, all likely to weather economic slowdowns at home -- and even overseas.
Recommendations:
The engineering/construction company is URS [URS
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].
"[It's] leveraged to the renaissance in nuclear construction," he said. "It trades at a 30 percent discount to its peers, and is positioned to raise guidance in July."
"Cephalon [CEPH
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] is our health-care company," he continued. "That is a specialty pharmaceutical company; it's pulled back nicely on expectations of one of its drugs coming off patent in 2012."
Khani says a new Cephalon drug is expected to help the stock when it comes on line.
His first energy pick is Consol Energy [CNX
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"Consol is tied into the coal story," he said. "Today, we've seen countries like Vietnam talk about stopping exports of coal; India's power plants are very short of coal and getting worse; and China, as you know, has inventory problems as well."
He also likes Core Laboratories [CLB
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], a provider of services related to petroleum reservoirs. The company is active in more than 50 countries.
Disclosures:
Khani's firm acts as a market maker for securities of Cephalon and Consol Energy.
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