• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Energy

Going Solar

The group's been leading and it should continue to perform in 2014.
By JAMES "REV SHARK" DEPORRE
Jan 18, 2014 | 12:00 PM EST
Stocks quotes in this article: SPWR, SCTY, JKS, FSLR, RSOL, JASO, TSL, SUNE, YGE, YELP, CSIQ, JAZZ, YY

Last week I discussed how tracking the leading big-cap momentum stocks could provide good insight into the health of the overall market. These stocks, Yelp (YELP), Jazz Pharmaceuticals (JAZZ), Canadian Solar (CSIQ) and YY Inc. (YY), which I call the new Four Horsemen, continue to act strongly and are giving few hints that the market is topping.

In addition to tracking key individual stocks, it is extremely important to track the leading market sectors. Market players often underestimate how long a hot group can lead the market. Not only does the action of the sector provide insight into market health, it is also fertile ground for finding good stock picks.

Some of the leading sectors in the market are represented by the Four Horseman: JAZZ reflects the strength in biotechnology, YY represents the very strong China Internet group, Yelp is in the social media group, and CSIQ is a key stock in the solar-energy sector.

Solar energy is a group that has been leading for a number of months and I believe it is going to continue performing well in 2014. Names in the group that are on my watch list include SunPower (SPWR), SolarCity (SCTY), JinkoSolar (JKS), First Solar (FSLR), Real Goods Solar (RSOL), JA Solar (JASO), Trina Solar (TSL), SunEdison (SUNE) and Yingli Green Energy (YGE).

Finding the leading groups and digging through their components is an excellent way to find new picks. The key is to monitor them closely as the charts develop and then act aggressively when the time is right. I'm tracking the above-mentioned  stocks closely and looking for entry points. Some of their charts look ready to move in the near future:

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Rev Shark was long JKS, SPWR, TSL and RSOL, although positions may change at any time.

TAGS: Investing | U.S. Equity | Energy

More from Energy

An ETF for When You're Over ESG

Mark Abssy
May 24, 2022 4:05 PM EDT

Constrained Capital ESG Orphans ETF bets that ESG trends have put undeserved pressure on fossil fuel, nuclear energy, weapons, alcohol, tobacco, and gaming companies.

Bettin' a Buck on Devon

Mark Sebastian
May 24, 2022 1:39 PM EDT

Here's where I see Devon Energy going and how to play it.

3 Oil & Gas Royalty Trusts For $100 Oil

Bob Ciura
May 20, 2022 2:05 PM EDT

For investors looking to take advantage of lofty oil and gas prices, we like these investment vehicles.

Exxon Mobil Nears an Historic Upside Breakout on the Charts

Bruce Kamich
May 20, 2022 9:56 AM EDT

Here's my advice for traders.

Constellation Energy Could Power 20% Higher From Here

Bruce Kamich
May 20, 2022 7:34 AM EDT

Shares of the clean energy power generator have rallied since going public in January.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 02:24 PM EDT PAUL PRICE

    An Interesting Chart

    I'm betting heavily that stocks will be way up aga...
  • 10:10 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    "Market Timing for Dummies"
  • 01:44 PM EDT STEPHEN GUILFOYLE

    Stocks Under $10 Portfolio

    We're making a series of trades here.
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login