Investor's Business Daily interviewed me for a story on what stocks will benefit from an Obama administration:

In alternative fuel, components maker Fuel Systems Solutions (FSYS) is a favorite of Louis Navellier, chairman and chief investment officer of Navellier & Associates, which runs about $3 billion for institutional and individual clients.

"Their products are used to convert buses to natural gas," Navellier said. "Fuel Systems is booming because of natural gas buses. They're very big in Europe. And Obama says he wants to spend $15 billion a year on alternative energy. Part of that has to go to companies like this."

The stock is 57% off its 52-week high. The company returned to profitability in 2006 after a string of losses. Analysts see earnings up 168% this year and 21% next year.

Bet On Batteries

Navellier also likes Sociedad Quimica Y Minera de Chile, (SQM) a producer of fertilizers and chemicals.

"They mine lithium. New hybrid cars from Mercedes and BMW will be using lithium batteries," he said.

Carmakers can devote less space and weight to batteries made of lithium. And these batteries charge faster than other types.

"The downside: They're expensive and carmakers are still making sure they won't catch fire like Sony laptop batteries," Navellier said.

The stock is 64% off its high, but sales and earnings have been on fire.

Navellier also likes the outlook for some railroads. "It's a much more fuel efficient way to move freight," he said. "We like names like CSX (CSX) and Norfolk Southern (NSC)."