Alternative energy stocks were some of the best performers in 2007, while finance and consumer stocks were among the worst. Will that continue next year?
Is it too late to get into solar?
Do not chase the out-performers says Jon Najarian. Look at the under-performers because as soon as the new year starts, investors who didn’t want to pay taxes on solar names will be selling them and taking profits.
If we see an easing in crude prices I think solar could take a hit for a few weeks, he adds. If you want to be in solar put in bids on First Solar , SunPower (SPWR) or Suntech (STP) 15% lower than where they are now.
How about consumer stocks?
Take a look at Starbucks again, says Najarian, I think it might be time to get in. In my opinion, you can’t really go too far wrong, because Starbucks is a status product and serves a beverage that people find nearly addictive.
What’s your view on the housing sector?
Overall I expect to see housing to begin to recover. But wait until June or July to make your move. There’s still pain ahead and nothing but time can move the clock forward.
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Trader disclosure: On Dec. 31, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Jon Najarian Owns (AGU), (AAPL), (BAC), (BSC), (C), (CSCO), (DPTR), (ELON), (GS), (LEH), (MA), (MER), (MON), (MOS), (RIMM), (SOLF), (TSO), (VLO), (WM);Armstrong Owns (UUP); For Carter Worth – Oppenheimer & Co. Has Received Compensation For Investment Banking Services Provided To Wachovia On May 1, 2007; Oppenheimer & Co. Is A Market Maker In (ISRG) and (YHOO).