Don’t let your money get “lost in space.” Wall Street is already trading the year 2030 and perhaps you should too!
Our time warp trade for Tuesday is energy. Approximately 20 years from now $120 petroleum should become a worry of the past as the world reaps the rewards of renewable fuels. More than 30 new and safer nuclear reactors should be up and running with solar panels on every building.
And wind generators will likely dot the landscape from coast to coast. The Energy Department says wind energy is accountable for just 1% of America's electricity today, but could generate one-fifth of our power by 2030.
So what are the future plays that could make you money right now.
Check out Hexcel , says Guy Adami. They manufacture the composites to make the blades on the wind turbines longer.
I like Amarin for wind technology and Fluor in the nuclear space, adds Karen Finerman.
Foster Wheeler , Energy Conversion Devices , Canadian Solar and AES Corp are all worth a look, Pete Najarian says.
We want to hear from you! What's the best long term alternative energy trade? Answer theCharles Schwab Question of the Day!
> Future Trade: Robotic Surgery
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Trader disclosure: On May 13, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (AAPL), (AMAT), (ENER), (NOK), (TSO), (XLF); Najarian Owns (C) Calls, (MSFT) Calls, (YHOO) Calls, (AES) Calls; Macke Owns (WMT), (INTC), (DIS), (EMC), (ATVI), (MSFT), (HAS); Finerman Owns (GS); Finerman's Firm Owns (KSS), (MSFT), (TSO), (VLO), (GLNG); Finerman's Firm Owns (YHOO) Call Spreads; Finerman's Firm Owns SPX Index Puts; Finerman's Firm Owns (C) And (C) Leaps; Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC