10 Clean Energy Stocks For 2020: July Update

I’m continually surprised at the strength and length of the stock market recovery in the face of a worsening pandemic in the US.

The stock market may not be the economy, but it’s not totally divorced from the economy either. Perhaps the Senate’s unwillingness to even talk about another aid package and the subsequent failure to pass one until after the benefits in the initial CARES act expire will trigger the market reversal I’ve been expecting at least since late April. Or it won’t. I have a long track record of being too early on my calls for market corrections, but this is getting ridiculous.

In any case, the long rally has given me ample opportunity to take gains in winners and losses in companies likely to take permanent damage from the pandemic. I’ve also been selling covered calls and otherwise positioning the Green Global Equity Income Portfolio, which I manage, for a renewed market downturn.

For the 10 Clean Energy Stocks model portfolio, no change. This is simply because I try to minimize trading in the model portfolio; I want it to be a strategy that a small investor who only looks at her portfolio a couple times a year can emulate. In the past, that has sometimes helped and sometimes hurt. This year, it has hurt. 2020 has been a great year to be a trader, with the wild market gyrations. I expect those gyrations to continue, and the model portfolio will stand pat.

If we do see a sharp market decline in the next couple of months, I will probably change that. In that case, I will cash out the gains on the cash covered put positions, and use the money freed up to invest in whatever bargains a renewed market decline creates.

Earnings Season Begins

Over the last couple weeks, I have been sharing my thoughts on various company’s second quarter earnings with my Patreon supporters.If you’d like to support my writing and see those thoughts in a more timely manner, consider becoming a patron. becoming a patron.

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Disclosure: Disclosure: Long positions all the stocks in the model portfolio, although NFYEF is now a very small position.

Disclaimer: Past performance is not a ...

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