Fast Money's Power Stock Picks
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Created by barrons2
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Date updated:02-26-2008

Utility stocks may be poised for a breakout as investors expect further rate cuts from the Fed. That and a global grab for power could put these companies back in the sweet spot.

symbol name last price % change open
  • +
  • PCG
    Pg&e Cp
  • $38.70
  • -1.88%
  • $39.73

While a fan of PG&E Guy Adami noted that the stock has been a dog lately. He would avoid it until he gets a better picture after its earnings call Friday, although he did say it’s becoming cheap.

People owning PCG also tend to own: AESAMPATBAXBMCCAGCAL

TheStreet.com Rating: B What is this?

  • +
  • PEG
    Pub Entrpr Gp
  • $44.15
  • -1.65%
  • $45.14

Adami's best-of-breed power play is Public Service Enterprise Group which he feels has all its fundamentals in order.

People owning PEG also tend to own: ABTAMXAUYBAPBRK.BBSCBVF

TheStreet.com Rating: A- What is this?

  • +
  • FLR
    Fluor Cp (new)
  • $179.92
  • -0.02%
  • $180.01

Guy said the utilities are also a play on the “buildout trade,” for which he recommended exposure to engineering companies through stocks like Fluor (FLR), Jacobs Engineering (JEC) and Shaw Group (SGR).

People owning FLR also tend to own: AAPLAPAAUYBPCCMECOP

TheStreet.com Rating: A+ What is this?

  • +
  • JEC
    Jacobs Engineerng
  • $78.25
  • +1.99%
  • $78.63

Guy said the utilities are also a play on the “buildout trade,” for which he recommended exposure to engineering companies through stocks like Fluor (FLR), Jacobs Engineering (JEC) and Shaw Group (SGR).

People owning JEC also tend to own: ACOAXECENXCMTLCPOHBANHURC

TheStreet.com Rating: A What is this?

  • +
  • SGR
    Shaw Group Inc
  • $56.85
  • -1.37%
  • $57.77

Guy said the utilities are also a play on the “buildout trade,” for which he recommended exposure to engineering companies through stocks like Fluor (FLR), Jacobs Engineering (JEC) and Shaw Group (SGR).

People owning SGR also tend to own: ACHASTIBHPCBICRACTXSCZZ

TheStreet.com Rating: B What is this?

  • +
  • XLU
    Utilities Sel Spd
  • $40.38
  • -1.03%
  • $41.10

For those who don’t want the risk inherent in buying one utility stock, Tim Seymour suggested the utility ETF (XLU).

People owning XLU also tend to own: AAPLACHADRECEOCHLCOGOCTRP

TheStreet.com Rating: No Rating What is this?

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