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Current DateTime: 11:40:08 17 Dec 2009
LinksList Documentid: 30328029

Stock Picks: Natural Gas, Financials & More

Published: Tuesday, 9 Jun 2009 | 4:46 PM ET
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By: JeeYeon Park
CNBC News Associate

Jim Iuorio, director at TJM Institutional Services, and Brian Kelly, president at Kanundrum Research, weighed in on the best places to invest now.

Recommendations:

Iuorio Likes:

ITC Holdings [ITC  Loading...      ()   ]

“It is the only stand-alone, independent distributor of -- just electricity, that’s publicly traded in the [US] and it puts it in a unique spot,” Iuorio told CNBC.

“The Federal Energy Regulatory Commission has encouraged the investment in the transmission of power and this is the company that owns, operates and maintains a fairly large grid. They’ve also put a lot of money into a system that brings wind power from the Dakotas further east.”

United States Natural Gas Fund [UNG  Loading...      ()   ]

“In the last 4 months, natural gas has been on a straight path down while oil’s been on a straight path up," he said. "When technicals come in the face of fundamentals, I side with technicals. However, this is when we draw a line in the sand — I like natural gas better than crude.”

Kelly Likes:

American Express [AXP  Loading...      ()   ]

"In the last 6 months, they’ve systematically reduced their credit risk," Kelly said. "They’ve cut their credit lines and they’ve been able to get better customers and they tend to have higher-end customers."

Macy’s [M  Loading...      ()   ]

As the stimulus starts to get accelerated and consumers have a more money to spend, they may decide to shop at higher-end retailers. "So Macy’s is my favorite way to play that," he said.

Disclosure:

No immediate information was available for Iuorio or Kelly.

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