The Answer, My Friend, Is Blowing in the Wind
Senator Obama wasn’t the only winner on election night. Certain investment sectors won as well, including alternative energy.
Senator Obama pledged to spend $150 billion on alternative energy during his campaign, and wind energy is an area of interest. With the current financial crisis, he might not be able to devote that much to alternative energy right away – but over the next four years, you can bet government money will be directed at wind and solar energy companies.
One company that I like is Otter Tail (OTTR). Otter Tail has dropped over the last year with the rest of the energy sector, but it stands to be one of the winners in the wind energy lottery. The company is not only producing wind energy, it sells wind towers. It also pays a nice dividend of 5.6 percent.
Wind stocks are not going to shoot straight up over the next few months, but over the next two or three years they will benefit from President Obama’s plans. Adding Otter Tail to your portfolio will allow you to benefit as efforts are made for America to move away from fossil fuels.
[Ed. Note: Making smart choices now will pay off in the long run. And that’s what investment analyst Rick Pendergraft aims to do with his KISS program – teach you how to make the best, smartest choices when it comes to where you put your money.]
Rick Pendergraft
Inspired by his high school economics teacher, Rick Pendergraft fell in love with the markets at an early age. He entered his first investing competition at 17, and opened his first brokerage account before he finished college. At the age of 23, on the third options trade he had ever placed, Rick turned $1,800 into $22,000 in less than a week, when the company he bought became the target of a takeover. He admits it was a stroke of luck, but it was a memorable education as to the leverage that options can provide. After a ten year career in banking, Rick decided to pursue trading full-time. To get his foot in the door, he started out in the sales department at Schaeffer's Investment Research. It was not long before his talent was recognized and he was invited to apprentice under Bernie Schaeffer, one of the top options traders in the world. Rick thrived in his new position and twice received the award for "Top Trader."Rick has developed a loyal following of readers who are grateful for his timely warnings and profitable advice. He is widely recognized as a market expert and has been frequently quoted by Reuters, BusinessWeek, Forbes, USA Today, the New York Times, and the Washington Post. Rick's primary focus is on identifying short and intermediate term rising and falling trends in the major market sectors. His analysis is based on technical factors along with indicators of market sentimentRick lives near Delray Beach, FL with his wife and three children.