Watch List Additions: Alternative Energy
As oil prices stay high I am doing more and more research into alternative energy companies. This area ranges from start ups with what they hope is the next big thing, trading for pennies in the pink sheets to some large cap companies like ADM (ADM: 31.17 -0.99 -3.08%) and Conoco (COP: 91.84 +1.09 +1.20%), who are investing serious money to alternative energy sources.
There are a half dozen ETFs now available that lay claim to the alternative sector. I have picked the following two for my Watch List to get both some global and small cap coverage, these being additional interest areas.
Market Vectors Global Alternative Energy ETF (GEX: 48.25 +0.85 +1.79%): This fund of 30 stocks is balanced between large cap and small cap companies that receive at least half of their revenues from alternative energy. Approximately one half of the stocks are of the international variety.
First Trust NASDAQ Clean Edge U.S Liquid ETF (QCLN: 22.87 -0.26 -1.12%): This funds uses a NASDAQ index which tracks emerging technologies primarily in solar photovoltaics, biofuels and advanced batteries.
Again, my is a group of ETFs that I have picked to look for trends in certain market sectors. The market can be extremely volatile day-to-day, but the trend is your friend.
Filed Under International, Small Cap, WatchlistComments
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