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Current DateTime: 10:49:13 25 Nov 2009
LinksList Documentid: 30328029
Stock Picks: Energy, Auto Dealers & More
Published: Thursday, 18 Jun 2009 | 3:32 PM ET
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By: JeeYeon Park
CNBC News Associate

Peter Kenny, managing director of Knight Equities and Brian Kelly, president of Kanundrum Research weighed in on the best places to invest now.

Recommendations:

Kenny’s Picks:

PowerShares WilderHill Clean Energy [PBW  Loading...      ()   ]—“It’s time for the Federal government to start earmarking specific dollar amounts for power grid transformation,” Kenny told CNBC. “This is an ETF that’s going to be looking specifically at that and should capitalize massively.”

Kenny’s Pans:

Short Natural Gas [US@NG.1  Loading...      ()   ]—“We may have as much as 30 percent more in known reserves of natural gas than we thought as much as a week ago—this will have a dampening effect in pricing over the long term,” he said. “I think it’s getting lower for other reasons: We’ve had a nice move up for natural gas over the last two months—that is an overextended move by any measures. I think we could see that with the rollover in the commodity trade, [natural gas] could be heading lower.”

Kelly’s Picks:

FuelCell Energy [FCEL  Loading...      ()   ]“They produce mini power plants that strip the carbon from the hydrogen in natural gas,” said Kelly. “So you have an abundant fuel source, if indeed natural gas is 30-40 percent higher than what we thought was to be in terms of supply and you have a clean and green item to heat and light your building.”

Penske Auto Group [PAG  Loading...      ()   ]“You’re still going to get about $4,500 if you trade in your old car. [Penske is the] second largest dealer in the United States,” he said. “They cover about 310 retailer dealerships—they cover about 40 different brands in 17 different states. And they just cut the deal with GM [GMGMQ  Loading...      ()   ] to buy the Saturn brand, which is a watershed event in the car industry.”

Disclosure:

No immediate information was available for Kelly or Kenny.

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Current DateTime: 10:38:02 25 Nov 2009
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