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.
Recommendations:
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.”
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Disclosures:
Disclosure information was not available for Lutz or Iuorio.
