The state of oil and the financial mess n California are on the minds of two analysts. Peter Kenny, managing director of Knight Equities and David Lutz, managing director at Stifel, Nicolaus Capital Markets recommended the following picks.
Kenny Recommends:
OIH -"This ETF is deep water drilling, and it speaks to global demand. Domestic demand is tepid, global demand is strong. Petroleum is not going away in the near future."
Lutz Recommends:
BJs Restaurants-"California is in a financial mess. It already has the lowest rating of any state, unemployment is one of the highest in the country and the best way to play that is to look at BJ's as a problem play."