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Current DateTime: 07:40:08 10 Nov 2009
LinksList Documentid: 30328029
Stock Picks: Oil Services & Electric Companies
Published: Wednesday, 17 Jun 2009 | 3:10 PM ET
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By: JeeYeon Park
CNBC News Associate

Jim Iuorio, director at TJM Institutional Services, and Mike Khouw, director at Cantor Fitzgerald, weighed in on the best places to invest now.

Recommendation:

Khouw Likes:

Oil Services Sector—“We’ve seen a huge rally off the lows despite the fact that crude has been flat over the last 5 trading days,” Khouw told CNBC.

Khouw said he especially likes Schlumberger [SLB  Loading...      ()   ]

“[The company has] some exposure in the Middle East [and is] globally diversified in terms of their revenues.”

Iuorio Likes:

American Electric [AEP  Loading...      ()   ]—“They transmit, generate, and store electricity,” said Iuorio. “They use domestic coal and have invested a ton in clean coal technologies. They’ve invested a ton in 765-kV—transmission superhighway that transmits the wind power from the Dakota wind fields.”

Disclosure:

No immediate information was available from Khouw or Iuorio.

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CNBC's Companies in the News:

JPMorgan Chase [JPM  Loading...      ()   ]

Morgan Stanley [MS  Loading...      ()   ]

General Motors [GMGMQ  Loading...      ()   ]

Microsoft [MSFT  Loading...      ()   ]

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