"President Obama has stated that he's been studying Roosevelt's first 100 days and the way out of the current economic mess will look a lot like the New Deal," says David Fessler.

The advisory panelist for The Oxford Club explains, "Seventy-five years after Roosevelt's inauguration, I think we will soon see President Obama get the ball rolling on his version of the New Deal, focused on two very specific areas: energy and infrastructure." Here, he looks at stocks poised to benefit.

"Saving energy will be one of his first initiatives. It's what will give us the quickest bang for our buck. Better insulation in homes, programmable thermostats, fluorescent bulbs, more fuel-efficient cars, energy management systems for use in larger-scale commercial buildings and beefed-up public transportation are just a few of the ways to save energy.

"The government will likely offer attractive tax incentives to rally support. So who stands to prosper from such initiatives?

"Big blue-chip companies, like Owens Corning (NYSE: OC), maker of insulated glass and building insulation; General Electric (NYSE: GE), manufacturer of wind turbines, energy control and infrastructure products; and Johnson Controls Inc. (NYSE: JCI), maker of energy management systems (for buildings and vehicles) and hybrid vehicle batteries.

With stock markets continuing to spiral downward and valuations getting cheaper and cheaper, I wouldn't be surprised to start seeing a big pickup in mergers and acquisitions (M&A). Yesterday came news of the Israeli company NetManage, Inc. (NASDAQ: NETM) being acquired by Rocket Software for approximately $69 million, a 95% premium over the previous days closing price. That is also coming on the heals of Hewlett-Packard Company (NYSE: HPQ)'s purchase of Nur Macroprinters Ltd. (OTC: NURMF.pk) earlier in the week. Israeli M&A is back with a vengeance. A very slow year up until now has suddenly turned hotter than the New England Patriots.

With the focus squarely back on foreign firms picking up Israeli publicly traded firms for cheap, here are 3 M&A picks for to keep an eye on.