Will White House visit point to stock winners?

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Last December, President Obama invited 17 CEOs from publicly traded companies to the White House to hear their ideas on the economy.

The White House apparently sees these companies as movers and shakers. But does that translate into them being good investments? We asked financial experts to predict which could be good long-term plays.

Michael K. Farr of Farr, Miller & Washington picks Google (Nasdaq: GOOG; Price: $570.22). Although other analysts say Google is expensive, Farr likes its Internet-search advertising service, strong balance sheet and leading market position. He also believes that Pepsico (NYSE: PEP; Price: $63.85) is positioned for growth because of its revamping of Gatorade and its product launches. He also favors Cisco Systems (Nasdaq: CSCO; Price: $17.34) despite its 15 percent price drop in 2010. Nonetheless, Cisco has “dominant share in almost every area of networking equipment,” he says.

Peter Cohan of Peter S. Cohan & Associates names Cisco, too, and also singles out Dow Chemical (NYSE: DOW; Price: $36.80) and Honeywell (NYSE: HON; Price: $56.74). Not only do those companies have the president’s attention, but they also are tapping into growth markets, he says.

But Bill Noonan of Contravisory Investment Management advises selling Cisco. He cites a “changing of the guard within technology.” Many of the former blue-chip titans of technology are losing business to smaller upstart companies that specialize in newer technologies, such as cloud computing, he says. Noonan says to buy General Electric (NYSE: GE; Price: $19.72), whose stock price is rising after a sluggish 2010.