The Next Big Thing
If you think Christmas is the next big thing, then think again. There’s something bigger on the way.
But it doesn’t come until January 20th. We’re talking about the inauguration of President-elect Barack Obama.
There’s talk that pop superstar Rihanna (“Disturbia”) could perform -- Spectrum Air is offering 10-passenger jet flights from LA to DC on Inauguration Day for $12,000 a person.
And of course, the military will be on high alert with ninety-six police agencies sending 4,000 officers from across the nation to keep the peace.
If we’re in a recession, you won’t know it on January 20th. On that day money will be flowing from nearly every corner of the nation’s capital.
And after Barack Obama takes office the money could continue to flow. As part of his stimulus plans it’s widely expected that the Obama administration will spend liberally on infrastructure and alternative energy.
What’s the trade?
For an infrastructure play, I’d look at the iShares S&P Global Infrastructure Index ETF , says Pete Najarian or the First Trust ISE Glbl Eng. & Constr. Indx ETF. These names are plays not only on the US buildout, but all the infrastructure spending that's planned worldwide.
And solar names are worth keeping on your radar too, he adds.
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Trader disclosure: On Dec. 17th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (MCD), (MSFT); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (ENER) Call Spread; Najarian Owns (UYG) And Is Short (UYG) Calls; Finerman's Firm Owns (MSFT), (IBB); Finerman's Firm Owns (OIH) Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (VNO), (FCE.A), (USO)