Forget About the Fed, Focus on Stock Picks

"The ability to generate electricity in the U.S. has been stagnant for years but demand has increased," says Kaufler about the forces driving the power plant provider's business. "Think about how many appliances you plug into the wall today compared to even a decade ago: iPods, Blackberries and cellphones. Plus we are online constantly."

And, of course, Kaufler loves Shaw's international business, especially China, which is putting up power plants almost as fast as it's putting up another of Kaufler's favorite companies: McDonald'sMCD.

"McDonald's two most profitable areas are Russia and China," says Kaufler. "Think about the expansion possibilities in those huge markets!"

As a value investor, he's also thinking about Mickey Dee's returning cash to shareholders via dividends and buybacks. He also likes the fact that the company is converting more of its restaurants to franchises as opposed to company stores.

"It's a better model for McDonald's to be a toll-taker collecting royalty payments than a caretaker of company stores," says Kaufler. "It's easier to predict cash flows that way."

And certainly much easier to predict than the Fed's next move.