• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock 5 Stocks To Save The Planet
Stock

5 Stocks To Save The Planet

by January 21, 2023
by January 21, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

At Osprey Strategic, we have been focusing on the energy crisis that has already arrived for much of the world. I’ll cover off five planet saving stocks here but we need to add some barbell context.

Saving the planet has been a theme for investing since Queen Elizabeth was dealing with smog in London back in the 1950’s. As a 1000 private jet planes converged on Davos this week, they met to discuss how to force the lower class of people to behave better. From the 1950’s to today, the buzz to urgently save the planet never gets old. Fossil fuel spent for politics is worthy. Home heating, cooking, agriculture and lower class transportation; unworthy.

As North America gets drawn into the reality that cancel culture is closing existing sources of energy for the masses before the replacements are built, the energy trade looks set to resume the upward move.

Uranium, copper, crude oil, gasoline and diesel(heating oil) all had an up week, while the $SPX closed lower. It is this relative strength that we like to pay attention to as we want to outperform the $SPX. I have specific chartlists for fossil fuels, as well as a list to trade the energy crisis outside of fossil fuels. Both had a strong week.

Renewable Energy

Elon Musk hinted at nuclear power, but until the fossils of Davos get their heads around more nuclear power, we are probably using wind, solar and tidal. For renewable energy, we need a method to store the power and allow people to ‘download’ the electricity into their application.

As an example, Tesla’s new semi truck needs a 1 Megawatt charge, equal to a 15 acre solar field daily. If 10 trucks use the power from a 1/4 section of land, we need some method of storing that electricity for the download the following day. Batteries are a key theme in this discussion and Lithium is a key component.

Lithium

A major component of these batteries is lithium and Elon said “refining Lithium is a license to print money“.

With that in mind, I am noticing the lithium names seem to be setting up after a multi-month correction. The cleanliness of mining lithium isn’t part of this article, so don’t shoot the messenger. We are here to talk stocks! Let’s roll through 5 stocks to save the planet and warm the hearts of Davos.

Albemarle

Albemarle has been a go to name in Lithium, and the stock is starting to turn up from the recent downtrend. The SCTR is moving back above 50. Relative strength in purple has started to improve since 2023 began. The stock closed back above the 200 DMA again. The PPO is still in a weak place, but it is improving.

Sociedad Quimica Y Minera

SQM has oscillated back and forth for the last 6 months, frustrating the buy and hold crowd. The difference this time is the overall market is trying to thrust higher, and this can support these energy related growth stocks. The stock broke the downtrend, and looks set to start moving higher. A continued move higher here would be at least a trade to get back to the top of the range, if not further.

Lithium Americas

Lithium Americas looks like the base is in and perhaps it can break out above the down-sloping trend line. This is a dual listing in Canada and the USA, and this is the Canadian version of the listing. LAC in both countries. I do like that the PPO trend is breaking as well as the relative strength trend in purple.

Piedmont Lithium

Piedmont already has an SCTR pushing above 75, making it more interesting. I like trading commodity related trades near the lows as they break out, but this one also looks nice setting up to break out to new highs. The PPO downtrend is broken. I placed the trend line on price at the highest closes on the chart along that trend line. Friday gives a glimpse of the stock breaking out.

Sigma Lithium

Sigma has an SCTR ranking pinned to the top after the huge thrust on the left side of the chart. With a wide ranging consolidation over the last three months, the stock is trying to break out from the consolidation range. It would not take much to break the relative strength downtrend. Volume is trending lower for the last few weeks, so that is curious.

There we have it. Five stocks to save the planet and play the renewable energy trade while all those jets from Davos get home safely! Pardon my Canadian sarcasm!

If you would like more information on what we do at Osprey Strategic, this link provides an overview of how we review the market. Check to see if it is a fit to help you keep more profits in 2023! We have plans starting from $7 for the first month and those are available on OspreyStrategic.org.

Best wishes for a profitable 2023!

You Might Also Like
  • Surprise! These Grocery Stocks are Crushing 2024 Targets
  • The Halftime Show: Sectors Bullish Percent Index
  • Disney Stock Options Strategy: A Detailed Guide to Boost Your Earnings
  • Finding Setups as Markets Wait for October CPI
Share
0
FacebookTwitterPinterestWhatsapp

previous post
The Most Important Breadth Indicator to Follow
next post
MEM TV: S&P Regains Upside Momentum

You may also like

DP Trading Room: Mega-Caps Looking Bearish

September 19, 2023

GNG TV: Airlines, Casinos, & Luxury… Oh My!

January 26, 2023

Why the MACD Pinch Play is So Valuable

August 3, 2023

MEM TV: Markets Stuck Amid Fed Comments

February 18, 2023

DP Trading Room: Is Your Portfolio OUTDATED? The Truth About...

November 13, 2023

SPY’s Pullback Continues: How To Know When It’s Over

April 30, 2024

Two ETFs That Could Thrive Based on a Normal Yield...

December 6, 2024

45% of Market Capitalization In S&P 500 Showing Strong Sector...

December 7, 2023

Is Aflac Set to Surpass Analysts’ Targets? Find Out Now!

May 31, 2024

Wall Street’s Hunger Games Are Now Complete

May 21, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,630 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Week Ahead: NIFTY Remains Prone To...

    April 8, 2023

    Market Timing for a Rule-Based Strategy

    September 9, 2024

    Small Caps Are Ready To Launch!

    May 23, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here