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Jul.02
5:09 PM ET
Wednesday, 2 Jul 2008
Oil Equipment Firms: It's a Gusher!
Posted By:JeeYeon Park
Topics:Technology | Energy | Nasdaq | NYSE | Stock Market | Stock Options | Stock Picks
Sectors:Technology
Companies:Joy Global Inc. | Noble Corp | FMC Technologies, Inc.
Kevin Divney, fund managing director, portfolio leader and CIO at Putnam Vista Fund & New Opportunities, shared his top oil equipment stocks -- despite the fear of a commodity bubble.
Recommendations:
FMC Technologies [FTI
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] -- produces machines that drill for oil through a sub-sea device. "Expected growth around 20-30%."
He also likes:
Noble Corp [NE
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Joy Global [JOYG
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For the full interview and recommendations from other analysts, watch the video. (4 mins 35 secs)
Disclosure:
Disclosure information was not immediately available for Kevin Divney or his company.
© 2009 CNBC.com
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