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Hidden Trades: Infrastructure & Engineering Plays

Published: Thursday, 28 May 2009 | 5:10 PM ET

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By: JeeYeon Park
CNBC News Associate

Peter Kenny, managing director at Knight Equities, and Paul Hickey, co-founder of Bespoke Investment Group, weighed in on the best places to invest now.

Recommendations:

Kenny Likes:

PowerShares MENA Frontier Countries [PMNA Loading... () ]— This is an "infrastructure ETF that focuses its capital on North Africa and Middle East,” Kenny told CNBC.

“This is a region of the world where you’re seeing tremendous population growth, expanding economies and real opportunities—so much so that even China’s placing a large bet on that area in the world now.”

Hickey Likes:

Tetra Tech [TTEK Loading... () ]— The company "provides construction and engineering for water and environmental projects,” said Hickey.

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“It’s one of those names that not a lot of people know about that stands to benefit. In their most recent quarter, their backlog increased by 10 percent and they’ve already had about 40 million in new contracts this month.”