Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

RSS FEED

» Help

Current DateTime: 05:52:02 24 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

Text Size
Feb.26
12:49 PM ET
Thursday, 26 Feb 2009
3 Stocks That Play Off Obama — And Recession

A lot of market pros wouldn't touch equities with a ten-foot pole these days, but Neil Hennessy is not among them.  He has some carefully-considered recommendations for investors based on new policy initiatives of the Obama administration — and even based on the economy itself.

He's even bullish on some financial stocks.

"Remember, most banks are selling for option money, so it's really not going to cost you a lot to invest in them," he told CNBC.  "You're not going to lose a lot if you're wrong."

Recommendations:

Topping his list is Tetra Tech [TTEK  Loading...      ()   ].

"They want to put money into infrastructure, like wind power, (and other) alternative sources," he said of the administration.  "Tetra Tech is already in that game in a large way on the wind and renewable energy side."

He also likes Rent A Center [RCII  Loading...      ()   ].

"That's just an economic play, because if people don't have the money or the credit to buy new furniture or appliances, Rent A Center is the way to go," he said. "They just picked up Earvin 'Magic' Johnson to be a spokesperson for them."

His financial pick is Raymond James Financial [RJF  Loading...      ()   ].

Disclosures:

Disclosure information for Neil Hennessy was not immediately available.

Disclaimer

© 2009 CNBC.com

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 05:23:04 24 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:03:48 24 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:09:37 24 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:03:48 24 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters