5 Best Stocks for Greening of America Rally

Five Green Stocks to benefit from Obama Election Victory

Everything is faling into place for one massive green stocks Obama Rally, and the biggest, fastest economic turnaround in world history!

A few positive signs for the stock market:

 - Oil prices have fallen dramatically in recent months, lessening their devastating economic impact and improving margins for many companies with high fleet and fuel expenses.

 - The US dollar has been under pressure for years, allowing for global competitiveness now and in the coming months and years, a sustained longterm rise in the value of the currency versus other major currencies, such as the yen, euro and pound.

- Equity prices have been spooked by the liquidity crunch in credit markets and the overwhelming psychology in the world of stocks is fear and capitulation. Very few people understand that the time to go long is when downward momentum slows ... and in our scenario it may reverse altogether on the morning of the final US Presidential debate, as it dawns on Americans and investors globally that Obama is essentialy already the President of the USA, as the Republicans have failed in every area of governance.

The next and final debate of the election will take place on Wednesday October 15th at Hofstra University in Hempstead, NY; my call is that the rally begins around 11AM that day (six days from now, evening of 09OCT08), or even sooner. If I had to pick the exact moment, I'd opt for something around 1.25 / 1.30PM Eastern on Tuesday, 14OCT08. None of that is important. What is more crucial is that buying opportunities like this come along perhaps a few times per century.

These are NOT buy recommendations, but rather suggestions to begin your research, and consider dollar-cost-averaging into mutual funds that hold large positions in quality companies such as these:

Bank of America (BAC)

Their recent move to normalize the 1.4 million faulty mortgages inherited from Countrywide showed savvy, timeliness and willingness to move boldy to preserve assets and relationships and avoid costly forays into massive foreclosure and REOs. At 19.63 (down from >$52) the stock trades at a PE of 17 and yields 13%.

Home Depot (HD)

The coming economic recovery in the USA has got to benefit HD via busy Home Depot stores; housing stock will get retrofitted and renovated as "fix-er-uppers" will be back and homes get made energy self-sufficient for the emerging green real estate market. At 19.93, HD is now priced at 10.4 times earnings and yields 4.5%.

Applied Materials (AMAT)

USA tech firm solutions for the semiconductor, flat panel display, solar and related industries. Their SunFab line of thin-film photovoltaic solar modules is one of FSLR's more serious competitors. Up 0.33 today to 12.80 ( still a long way from its high of 21.87) AMAT trades at 15.4 times earnings and yields almost 1.9%.

Ormat Technologies (ORA)

A pioneer and ambassador of quality American technology, at 24.38, ORA stock is down over 55% from a high of 57.93. Based in Reno NV, ORA develops, builds and operates wholly-owned and partnered geothermal and recovered energy-based power plants in the United States and geothermal power plants around the world, and sells electricity generated from these plants. The leading geothermal power stock on the planet ...

First Solar (FSLR)

The world photovoltaic industry's undisputed market leader, FSLR makes solar panels using thin film semiconductor solar power technology; basically, a layer of cadmium telluride used for converting sunlight into electricity. The outstanding fear is tellurium supply, but with the shares at 118.10 (off from a year high of 317), the PE is about 43 but only 20x next years forecasted earnings. A high risk play but also potentially an opportunity to own the next Google.