GO
Loading...

First 100 Days: Energy

Monday, 27 Apr 2009 | 6:26 PM ET

As Barack Obama dashes to the 100-day mark, there’s no denying that his presidency has brought about change at a dizzying rate. And a corner stone of that change lies in his energy policies.

"The nation that leads the world in creating new energy sources will be the nation that leads the 21st century global economy. America can be that nation," says Obama.

The Obama Trade: Energy
The Fast Money traders discuss the impact the Obama administration is likely to have on energy stocks.

The energy overhaul has many facets including a cap and trade system where businesses would buy and sell credits to emit greenhouse gases, making polluting less profitable but possibly raising oil prices for consumers.

Also, Obama hopes to allocate $15 billion a year to develop renewable energy and make old energy sources like coal burn cleaner.

And then there’s tax credits for plug-ins cars which could give hybrid automakers a much needed boost in sales.

Considering there’s so much coming, forget the first 100 days -- what’s the energy trade on the next 1,300?

Guy Adami

I’d keep an eye on URS, says the Negotiator. It’s rich right now, but if it pulls back to mid-$30’s, it’s a buy.

Karen Finerman

I don’t think alternative energy gains traction until oil gets very expensive again, muses the Chairwoman. If you're bullish on alternative energy then my play is long oil.

Jeff Macke

With oil trading around $50, I'd buy calls in national apathy, bristles the Wolf.

Pete Najarian

I’d look at McDermott, Fluor as well as American Superconductor, adds the Pit Boss.


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On Apr 27th, 2009, 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), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (SDS), (WFC), (AAPL), (GE), (AGN); Finerman's Firm Owns (RIG), (UNH), (TBT), (ELX); Finermans Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Finerman's Firm Owns (AXP); Finerman's Firm Owns (BAC) Preferred; Finerman's Firm Owns (C) Preferred; Finerman's Firm Owns(MSFT) & (MSFT) Put Spread; Najarian Owns (BX) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (MS); Najarian Owns (PALM); Najarian Owns (RHT) Calls; Najarian Owns (RIO) Calls; Najarian Owns (XHB) Cal Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (RF); Najarian Owns (HES) Calls; Najarian Owns (CIEN) Call Spread



CNBC.com with wires

  Price   Change %Change
AMSC
---
FLR
---
MDR
---
URS
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report