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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
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"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
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"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
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Disclosures:
Disclosure information for Neil Hennessy was not immediately available.
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