If you’re looking for a green trade you might want to look over your shoulder from time to time. Why? Because we found two lurking in the corner!
That’s right. Commander Planet (also known as Pete Najarian) has discovered a pair of green trades disguised as tech giants.
We’re taking Intel and Applied Materials. Both companies would have you believe all they care about is processor speed but underneath this facade, 'real green' power is lurking.
These companies make solar cells as well as semiconductor chips but they have a secret weapon. Because both processes are similar they were able to go green without wrestling a big jump in costs for new machinery.
And their solar units are on fire. Intel's solar business has been doing so well they announced last month that they’re spinning it off.
Meanwhile, Applied Materials just broke ground on a new factory in Singapore that will build both solar and semiconductor equipment. And they project solar will generate at least 20% of their revenue stream in two years.
Both moves seem to make a lot of cents. Worldwide, the solar space is expected to grow by 25% every year for the foreseeable future.
And that makes Intel and Applied Materials the latest trades that help the planet and the bottom line.
Got something to to say? Send us an e-mail at firstname.lastname@example.org 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 email@example.com.
Trader disclosure: On July 23, 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 (WMT), (COST), (MSFT), (EMC); Najarian Owns (AAPL), (COST), (TSO); Najarian Owns (YHOO) Calls, (CSCO) Calls, (SKF) Calls; Finerman Owns (GS); Finerman's Firm Owns (MSFT), (PPH), (SUN), (TSO), (VLO); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY); Terranova Owns (BNI), (CME), (RIMM), (VLO), (SA), (FCX), (GOOG), (INTC), (IYT), (XLF), (SU), (YHOO); Terranova Is Long September Crude Oil $154 Call; Terranova Is Short September Crude Oil $130 Put; Terranova Is Short September Crude Oil $130 Call
Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd.; Phoenix Investment Partners Owns More Than 1% Of (DBV), (RWX), (LNET), (EXR), (SKT), (DLR), (IGE), (ARE), (DBC), (ABD), (OFC), (CLB), (BLV), (CNTY), (FL), (HPC), (PSPT) ,(ESS), (OIIM), (BIG), (ENG), (PFD), (DRH); Terranova Is Co-Portfolio Manager Of The Phoenix Diversifier PHOLIO; Phoenix Diversifier PHOLIO Owns (IGE), (DBC), (DBV)
Charles Schwab Is A Sponsor Of "Fast Money"