David Lutz, managing director at Stifel Nicolaus, and Jim Iuorio, director at TJM Institutional Services, weighed in on the best places to invest now.
“These [microprocessor stocks] are continuing to make ground,” Lutz told CNBC. “The pricing pressures that they’ve been saying that will get deteriorated are only getting stronger, which is good. We’re also seeing some increase in demand.”
Foster Wheeler —“Crude’s momentum is straight up and [Foster Wheeler] is a good play off of that,” he said. “This company’s going to benefit from any movement in crude pricing.”