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One of the biggest stories in the stock market this year has been flying under the radar, buried by politics and pandemic worries.
But that's an opportunity for investors who spot it first.
We'll show you just how to do it.
Oil stocks are responding despite people focusing on cleaner forms of energy.
Even Money Morning Quantitative Specialist Chris Johnson is looking at what he calls "old school dirty energy stocks" to be the biggest winners here.
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Old-school energy has taken a back seat to renewables in Finance Media of late.
But now, as oil and gas production ramps up ahead of a fully operational economy, this midstream fossil fuel stock is making for a prime options play.
And with inflation and crude oil on the rise, it won't be long before this stock doubles your money..
or more…
Check out the full details in this, the latest from Fast Profits with Money Morning...
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Alternative energy stocks have taken a beating over the past two weeks.
But not to worry – the sector’s future is bright as ever.
This is just simple profit-taking and it’s giving us one of the year’s best technical buying opportunities.
Here’s the company that’ll help you make the most of it… .
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According to The Wall Street Journal, renewable energy stocks have “surged more than 80%” in 2020.
But anyone investing in renewable energy knows it’s just getting started.
.
It’s only a matter of time before renewable energy stocks really take off…
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Investors know how powerful trends can be.
They can push entire sectors of the stock market to eye-watering heights.
Look no further than work-from-home stocks this year.
But trends can come and go.
That's why I'm looking at a sector that's downright unstoppable.
It doesn't matter who wins the election or how long the pandemic lasts, this sector is essential.
I'm talking about solar energy, the fastest growing renewable energy source last year according to the Energy Department.
Since 2016 we will have more than doubled the total installed capacity of solar power.
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In July 2008, oil hit an all-time high of $147.27.
And since then, it's been in a choppy 12-year downtrend.
Then after hitting an all-time low this past April, it's currently sitting at $42 a barrel.
While you shouldn't completely dump oil stocks, as savvy traders we've found a new way to profit on energy by shifting our thinking…
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Lordstown Motors just became one of the best electric vehicle stocks to buy.
And it all has to do with a little thing called a special purpose acquisition companies (SPAC).
Special purpose acquisition companies (SPACs) have become popular this year.
Otherwise known as "blank check" companies, they are formed solely for the purpose of buying an existing company using funds from an IPO.
Market uncertainty during COVID has resulted in a weak year for IPOs.
So these companies have been seen as a profitable alternative.
Today, we're going to discuss what may or may not be one of the most interesting SPACs to come out of it.
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Despite poor earnings performance, investors reacted positively to BP's recent announcement of a new green initiative, causing BP shares to rise nearly 8%.
But our Andrew Keene isn't seeing eye-to-eye with those rushing to purchase some shares of BP right now.
So here's what to buy instead if you want to profit...
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The meeting in Vienna last week among OPEC members and their non-OPEC allies, OPEC plus, was intended to help nations reach an agreement on production cuts to extend past the current end date of April 1.
The concern is the spread of the coronavirus will drive down the price further as global economic demand slows. But Russia was not on board. And the Saudis' response to Russia's stance was to cut its price to Chinese customers, and plan to increase production by as much as 2 million barrels per day. That fallout then led to oil's massive 30% nosedive. And on Monday, oil's decline was literal fuel to the stock market fire, causing it to fall 7.79% in one day. Since Monday's losses, both oil and the stock market have recovered a bit. Oil is sitting at around $33 a barrel and stocks rallied at open.
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When he passed away last September at the age of 91, T. Boone Pickens generated dozens of media biographies. Nearly all of them missed a key detail about his last years…
Of course, a billionaire with his reputation as a savvy business leader would no doubt get lots of obituaries written about him. And most focused on his very successful career as an oil and gas baron.
It's easy to see why. After all, in 2007 alone, he is reported to have earned more than $2.7 billion from his two energy-investing funds.
So, it may sound surprising for me to suggest that those obituaries were inaccurate…
Here's the thing – at least two years before his death, Pickens went through a sea change and closed his energy funds. He became a massive backer of solar technology.
Now, I spoke to you recently about all the opportunity that I'm seeing heading our way, thanks to the solar revolution. No doubt, a smart businessman like T. Boone Pickens also realized the sheer scope of this technological transformation. It all comes down to basic science.
Boone (as he was known) saw what many people are beginning to see: Renewables are the next generation in energy production.
His move into solar is a major signal of the profit potential we can unlock from this sector.
This same sentiment has reached another key audience – one that will supercharge solar's growth.
You see, deep in the heart of American coal country, experts are putting their faith in sunlight… Full Story
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