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.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.