With the S&P stuck right around 1100 investors are starting to wonder, where will the next bull come from?
Many think it will come from the energy space– with a push for clean energy becoming the catalyst that takes this market higher.
In fact, the genesis of that bull may be coming together as you read this post.
Clean energy appears to be a central theme to President Obama’s week-long tour of Asia underway at the time of writing.
Ahead of the meeting with China President Hu Jintao “clean energy related companies were among some of the best performers. Solar energy play Shenzhen Topraysolar rose 1.7%, while Baoding Tianwei Baobian Electric was up 1.9%,” writes the Wall Street Journal.
Meanwhile, the US and Japan agreed on Friday to expand cooperation in clean energy technologies working together in areas such smart grids, carbon capture and storage and nuclear energy.
With momentum growing in this area, how should you game the clean energy space? Steve Grasso expects some alt-energy stocks to climb through the end of the year!
Which ones? Watch the video and find out! Then tell us what you think!
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Trader disclosure: On November 13th, 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); Grasso Owns (AAPL), (ABK), (ASTM), (BAC), (BGP), (C), (COST), (FAZ), (PFE), (MRK), (V), (WMT); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads; Finerman Owns (BAC) Preferred, (BAC; Finerman's Firm Owns (FLS), Is Short (FLS) Calls; Finerman Owns (FLS); Finerman's Firm Owns (MSFT), (NOK), (PLCE), (TGT), (WMT); Finerman's Firm Is Short (USO), (IJR), (MDY), (IWM), (UNG); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (M); Finerman's Firm Owns (RIG), Is Short (RIG) Calls; Finerman Owns (RIG); Terranova Owns Crude Oil Dec. Futures; Terranova Owns (GS), (JPM), (SU), (AAPL), (GOOG), (JCP); Terranova Is Short (ANF)
For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)
For Steve Grasso:
Stuart Frankel And Its Partners Own (CMCSK)
Stuart Frankel And Its Partners Own (CUBA)
Stuart Frankel And Its Partners Own (GERN)
Stuart Frankel And Its Partners Own (HSPO)
Stuart Frankel And Its Partners Own (NWS.A)
Stuart Frankel And Its Partners Own (NXST)
Stuart Frankel And Its Partners Own (NYX)
Stuart Frankel And Its Partners Own (PDE)
Stuart Frankel And Its Partners Own (PRST)
Stuart Frankel And Its Partners Own (RDC)
Stuart Frankel And Its Partners Own (ROK)
Stuart Frankel And Its Partners Own (TLM)
Stuart Frankel And Its Partners Own (XRX)
Stuart Frankel And Its Partners Own (SDS)
Stuart Frankel And Its Partners Are Short (QQQQ)
Stuart Frankel And Its Partners Are Short (CL)
For Todd Gordon:
GAIN Capital's Managed Accounts Own Australian Dollar, Are Short U.S. Dollar
For Brent Thill:
(MSFT) Is Or In Past 12 Months Has Been An Investment Banking Client Of UBS Securities LLC
(MSFT) Is Or In Past 12 Months Has Been A Non-Securities Client Of UBS Securities LLC
UBS Securities LLC Has Received Compensation From (MSFT) In Past 12 Months
For Finerman:
On 10/12/09 Finerman's Firm Owned (WMT)
