Friday’s Hidden Trades: Sugar and X-Ray Inspection Systems
Experts David Lutz, managing director at Stifel Nicolaus Capital Markets and Jim Iuorio, director at TJM Institutional Services, weighed in on the best places to invest now.
Lutz said the Department of Homeland Security has been said to purchase $100 million worth of American Science and Engineering’s x-ray inspection device for their border patrol.
“ASEI has a z backscatter technology that’s proven itself with the military in Iraq and it’s [previously] been used in small numbers with the U.S. custom patrol,” Lutz told CNBC.
Meanwhile, Iuorio said he sees some sweet spot in a sugar company—Imperial Sugar .
“I heard they had to deal with some negative things that kept them from rallying but they’ve dealt with those,” he said. “Sugar's been rallying and I think this [company] will too.”
Disclosure information was not available for Lutz or Iuorio.