Dependence on foreign oil will be the hot campaign issue of 2008. With gas prices already over $4.00 a gallon and oil prices skyrocketing well above $120 a barrel, the nation's energy crisis (just like the price of oil and gas) has unfortunately hit its peak.
That's why three of my Top 5 Stocks for June are energy stocks. If you want great stock advice in this market–so that you can actually afford to fill up before driving to the beach this summer–you'll want to buy these Top 5 Stocks for June.
Stock Advice: 5 Ways to Profit From the High Cost of Oil
As investors, we need to be thinking about how to profit in this new age of record-breaking oil prices. Sure, there will be lots of good stock advice given in the oil and natural gas sectors, but the biggest movers will be in the alternative energy and commodity-related stocks.
That's why in this month's Top 5 Stocks, I'm recommending two new energy plays that are sure to heat up your portfolio this summer. Let's start with my #1 solar energy stock that has been in the top spot for more than four months now…and for good reason!
• This solar stock trades at approximately 50 times estimated earnings, primarily due to the fact that it had an unprecedented 281% sales growth and 515% earnings growth during the past four quarters. Trust me, no matter who gets elected, the stock should continue on its growth path since alternative energy companies are expected to prosper in the face of record high oil prices. The company is based in Arizona and sells predominately to Europe, but its U.S. sales are expected to boom next year. The stock recently hit a new 52-week high of $317. This company's management is running a booming business that can only improve in the face of record oil prices. This solar stock will be a buy for months to come.
• My number-two stock pick of the month recently paid $221 million for Romania's Ductil Steel, which operates two facilities and produced about 340,000 metric tons of liquid steel last year. Additionally, it also agreed to pay $1.5 billion for Oriel Resources PLC, a British-based company that owns some chrome and nickel mines in Kazakhstan. This acquisition will help provide with the raw chrome it needs to maintain its role as Russia's largest producer of stainless steel. This "ruskie" is an excellent buy.
• What Saudi Arabia is to oil, this company is to fertilizer.