Hot Energy ETF to Combat Punxsutawney Phil’s Prediction
February 2nd at 8:05am by Tom Lydon
Phil’s official forecast as read 2/2/06 at sunrise at Gobbler’s Knob was that there will be six more weeks of winter. If that is the case, chances are the best performing exchange traded fund YTD, Wilderhill Clean Energy (PBW) could continue its upward trend. PBW is up 23.5% for 2006.
As oil prices approach $70 a barrel, more on Wall Street predict America will have to work harder to explore alternative energy sources. Most of the stocks that make up this ETF are non-traditional, small-cap stocks.
