"Our hope is that the new administration decides to fund 'the future'," says Sean Broderick. In Money and Markets he looks to some favored exchange traded funds offering long-term investors exposure to alternative energy, wind power, electric cars and the rebuilding of our nation's infrastructure.
"We need an efficient power grid that can carry renewable energy -- solar from the Mojave Desert and wind from the Great Plains -- to the population centers of the U.S. Too bad our power grid is 100 years old and falling apart at the seams. And demand is growing every year.
"In addition, we need more railroads for an energy independent America. Building those lines is a good bottom-up way to boost the economy. And we need an electric car program.
"I'm talking about developing mass-market battery-powered cars (hybrid or plug-in) that achieve at least 100 mpg of gasoline on new fleets by the year 2015.
"These three programs have one thing in common: Good American jobs that can't be shipped overseas. If you want to jump-start the economy, that's a 1-2-3 that might work.
"The American Society of Civil Engineers has estimated that the country needs to spend $1.6 trillion over five years to fix our infrastructure, from dilapidated levees to congested roadways and ports.
"If America wakes up and goes whole-hog for energy independence, and starts funding the energy grid, electrified rail and electric cars, there are some investments that should do really well:
"Market Vectors Global Alternative Energy Fund (NYSE: GEX). It holds companies including First Solar, Vestas Wind System, and international technology and energy companies.
"PowerShares Global Wind Energy (NASDAQ: PWND). This contains Mitsubishi Heavy Industries, ABB Ltd (a powergrid infrastructure play), Gamesa Corp (a wind turbine manufacturer) and more.
"SPDR FTSE/Macquarie Global Infrastructure (NYSE: GII). This fund holds E.ON AG, Iberdrola SA, Exelon Corp, and other builders and operators of the global energy infrastructure.
"iPath Dow Jones-AIG Nickel Commodity ETF (NYSE: JJN). This tracks the price of nickel, a metal used in electric car batteries. It's been sold hard as commodities crashed, and would also be a good pick if and when commodities bottom."
Steven Halpern's TheStockAdvisors.com offers a daily look at the latest market commentary and favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.
Google's plan for netbook PCs moves higher into the clouds
Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)
So long peak oil, here comes peak uranium
Reader Comments (Page 1 of 1)
11-05-2008 @ 5:43PM
John Robbins said...
Since when is He a stock manager? Every
thing He said was a BIG LIE. I wouldn't
listen to a thing that He promotes
11-10-2008 @ 10:26PM
billy said...
Just words? just slogans? Barrack is willing to spend taxpayer billions to fund wind powered cars . Solor powered automobiles and uh. 18 wheelers powered by reclaimed methane from the drivers of said vehicles.
He has shown us the future..of bankrupting the coal companies before any alternatives are found thus giving an incentive to hurry up the porcess. No electricity is an excellent incentive.
He's the one...that one, yeat hes the one