“Green Deal” Stocks In The Green
Lots of high praise for the State of the Union address:
“Ranks alongside Reagan’s best and better than anything since!”
“Good content, good delivery! Overall positive.”
“The VERY BEST State of the Union I HAVE EVER HEARD…but I am only 84-years old.”
And this contrarian opinion:
“I avoid presentations where actions by opposition parties get my blood boiling. I found something better to do — eat spaghetti and meatballs.”
Not certain which party this reader considers the opposition — the “suffragette white” clad Dems sitting in the audience or President Trump and his ilk. No matter. Comfort food’s a nice diversion.
As for the SOTU, what specific points of Trump’s speech made you proud to be an American or, conversely, made your blood boil?
Your Rundown for Friday, February 8, 2019:
The Green New Deal “Parody”
The Wall Street Journal writer Kimberley Strassel held nothing back when reporting on Rep. Alexandria Ocasio-Cortez (D-New York) sponsored proposal the “Green New Deal”. Strassel went so far as to call it a “parody”…
Essentially, the resolution calls for a complete environmental overhaul of the U.S. within 10 years: “rendering air travel obsolete, mov[ing] the U.S. to rely completely on renewable energy with net-zero emissions, and guarantee[ing] economic security even for people who are ‘unwilling’ to work,” according to Fox News.
AOC and company also issued a one sheet for the resolution that condemns nuclear energy and promotes the shutdown of nuclear power plants. And — at that — many Democrats hastily retreated from the Green New Deal.
(All we can think is nuclear energy must have one powerful lobby.)
While the Green New Deal might be DOA among Republicans and Democrats alike, an article at MarketWatch says: “Investors should be aware that there could be a political imperative to act on climate change if a Democrat wins the White House race next year.”
In other words, you might want to hedge your bets as an investor.
And to that end, we’re spotlighting stocks in several categories that might grow — and are growing now — should a Democrat reside in the White House after 2020.
NRG Energy (NRG)
Xcel Energy (XEL)
Renewable Energy Group (REGI)
Darling Ingredients (DAR)
American Electric Power (AEP)
Duke Energy (DUK)
Take a look at the following chart for a frame of reference…
“If you start to see some more of these ground shifts in politics — veering toward renewables, veering toward addressing climate change — it’s definitely bullish for these renewable energy companies and power providers,” says energy analyst Josh Price.
Market Rundown for Fri. February 8, 2019
S&P 500 futures are down 22 points to 2,683.24.
Oil is up just 3 cents to $52.67 per barrel.
Gold’s up $3.30 to $1,317.50 per ounce.
Bitcoin is up $125.63 to $3,500.93.
Have a good weekend. We’ll talk Monday.
For the Rundown,