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Stock Picks: Clean Up On Storm Cleanup

Andrew Fisher
Friday, 29 Aug 2008 | 12:27 PM ET
AP

There's still a lot of real estate between the storm called Gustav and the offshore oil and gas rigs in the Gulf of Mexico.

But Randy Frederick is already thinking past the storm -- to the challenge of fixing up and cleaning up.

The director of derivatives for Charles Schwab has derived some suggestions for stock market investors.

Recommendations:

"Among those that might benefit are companies that are into servicing and repairing of oil rigs, and in looking at some that reacted positively when (Hurricane) Katrina came through, the two that jump to the top of my list were Fluor and Halliburton," Frederick told CNBC.

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There's also a huge potential for business after a hurricane makes landfall, causes damage, and moves on.

"Waste Management(International) is one that experienced a pretty sizable jump of about $10 after Hurricane Katrina," he said. "Really, if you think about it, it's kind of a common-sense thing: When things get torn up, whether it's houses or cities, there's going to be a lot of cleanup and a lot of trash to be picked up."

Storm-Proof Portfolio
How you can weather the storm, with Randy Frederick, Charles Schwab, and Eric Marshall, Hodges Capital Management

Disclosures:

Disclosure information for Randy Frederick was not immediately available.

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