hey guys how's it going it's Andy from Magoo investing happy Monday
hopefully you guys all had a fantastic weekend I spent a lot of time outside
I did a hike on both Saturday and Sunday it was absolutely beautiful
I’ll throw up some of the pictures from that and then I’ll play this video that shows
just how windy it was uh and it was pretty cold up there but it was great to be outside
today is also my 24th birthday whoo I’m starting to feel old instead of going out to
celebrate because of the pandemic I’m going to be celebrating in a different way so I woke up this
morning and I decided I wanted to buy some stocks with the cash that I’ve had sitting on the side
and in addition to the stocks that I bought today I also bought some Bitcoin (BTC) because I’ll talk
about what happened to that a little later on also if you guys leave a comment in the comment
section down below in the next 48 hours after this video goes live I’m going to be doing a
massive breakdown about all the stocks you guys are looking to buy as of right now so
be sure to leave that in the comment section down below if you'd like to hear my analysis
of maybe a stock you guys are debating buying or something that's already a part of your portfolio
so today I’m going to be talking about the two renewable energy stocks that I bought and
discussed some of the stock market news that we've been seeing today because when I woke up this
morning I definitely was not expecting to have as many news stories as we actually had since a lot
of people don't finish watching the entire video I want to talk about some of the important things
that are going to be happening later on this week and so Thursday is definitely a day on
the calendar that I’m going to be circling because that's going to be a day to watch for the overall
market last week we saw a worse than expected jobs report that saw 140,000 jobs lost in the month
of December which was a lot worse than it was actually previously expected and this breakdown
on the screen shows that almost all of the losses came from the leisure and hospitality sector
and it does mean that all the jobs that were lost in the month of December came from women which is
very strange and so the market didn't shoot down as much as I maybe would have expected
based off of the worst and expected jobs report but from what that means
is people are expecting that since things are not getting better on the employment front that the
economic plan that Biden’s going to be releasing on Thursday is likely going to have more money
involved in it than previously expected and the numbers we've been seeing are expected
to be in the trillions and not the billions so there's going to be a huge amount of spending
going into the overall market that's kind of why the market has been pushed up over the last week
and with the low interest rates supposed to be staying low for a while the market hasn't reacted
as negatively as maybe I kind of expected going into this week today we saw Bitcoin (BTC) drop 20
this morning going back down to 30,000 and I added to my position at that mark I bought some more at
around the 30,000 maybe 31,000 and we did see a little bit of a boost so this is something that
I’ve always said about my positions is anytime we see a major drop in price I’m going to be
adding on to my positions and that's kind of the reason why I’ve been holding a lot of my portfolio
in cash to take advantage of situations like this Twitter Stock (TWTR Stock) was
down 10 at one point this morning from the fallout of banning trump from the platform
and Nio Stock (NIO Stock) shot up after announcing a luxury sedan that's going to be marketed as a
tesla stock (TSLA Stock) model 3 competitor as a result tesla stock (TSLA Stock) shares
were down this morning for the first time since December 22nd so tesla stock (TSLA Stock)'s been
on an incredible run recently and since they are looking to expand into the Chinese market with
NIO Stock (NIO Stock) having good news they're kind of competing against each other with that
news just remind there are going to be timestamps in the description below if you'd like to bounce
around but before getting started I do have to say that I’m not a licensed financial advisor and this
is not financial advice anything you hear in this video is just me giving my own opinions on the
stock market and you need to do on research before making any investment decisions also if you've
been enjoying these videos really appreciated with the like and subscribe button as would
help my channel out a lot it is my birthday so be sure to smash that button so for those of you
that don't know my undergrad and my grad degrees are in marine biology and wildlife management so
conservation and mainly carbon emissions have been something that I’ve really been trying to
focus on when it comes to my investing portfolio since it is my birthday I decided that I wanted to
kind of reward myself and buy some of the renewable stocks that I love going into 2021
and so I did make a video talking about my five or six favorites and I’ll link that above right
now if you haven't seen it but the first stock that I bought this morning was general electric
Stock (GE Stock) stock ticker symbol $GE I’ve put this on a list of one of my favorite stocks to buy
for 2021 but I think at this point it is overall has become my favorite just my single favorite
stock to buy and so I want to get my reasoning why and for one of the main reasons is it's a
stock that I like that is at a pretty significant discount it has been on a decline for the past
couple years but I think this is a stock that is going to do very well in 2021 if I had to put all
of my money into one basket I would be buying into General Electric Stock (GE Stock) fully
and so for one this is a recovery stock even though I’m going to be focusing on the renewable
energy part of it this is a stock that's going to do very well as the pandemic goes away eventually
the main reason behind that is that their largest and most profitable business section
is with aviation and with the pandemic and the lower demand for travel a lot of the airlines
aren't going to be buying as many planes and so as a result of that we've seen some huge drop in
sales also in addition to the 737 max problems GE Stock’s aviation division side drop of 44
in sales and a year prior that division made 1.4 billion dollars in operating profit and they had
a net loss uh this year so as the pandemic eventually winds down this is going to be a
great recovery stock because this is their largest and most profitable part of their business and
with the expected push towards Boeing Stock (BA Stock) considering they are one of the or they are
the largest us exporter I expect General Electric Stock (GE Stock) will benefit from that as well as
they produce the engines for most of their planes and number two this is an American company I think
it's going to get a lot of government help when it comes to green energy with the bidden
administration coming in it's expected that green energy is going to be a huge focus and from all of
their plans going into the election they're going to be investing heavily into renewable energy and
green energy as I mentioned in other videos General Electric Stock (GE Stock) is already
making moves when it comes to the section of their business they're providing wind turbines for the
world's largest wind bank off the coast of the UK and when it's completed it's expected to be able
to power 6 million homes in the UK per year and while there's 25 million homes in the UK that is
a huge move in the right direction and will show that General Electric Stock (GE Stock) has the
ability to provide these wind turbines for further wind banks are going to be produced down the line
and so they've already announced a recycling plan for the wind turbines that's going to be used in
cement production and it's expected to reduce carbon emissions from cement production by 27%
and I think it's a fantastic idea so I’ve already owned General Electric Stock (GE Stock) shares in
the past but this morning I wanted to add to my overall portfolio this is a stock that I feel
very good about going into 2021 I do currently have a put position that's likely going to expire
worthless because of the increase in price that we've seen recently so until that happens I’m
going to let that all the value disappear out of that and then sell another position but I’m trying
to get to 100 shares eventually because my goal for having GE Stock is since it is a relatively
cheap stock I want to be able to have 100 shares so I can sell long term out of the money
calls on my position to be able to bring in some additional cash flow that I’m going to be using to
buy additional shares of either General Electric Stock (GE Stock) or other stocks and so that's the
goal right now I’m nowhere near getting to that 100 share mark but I’m also selling put so this
has become a very large part of my portfolio and once we go into February and I do my portfolio
breakdown you'll see that General Electric Stock (GE Stock) has become I think it is my
largest position at this point and then the second renewable energy stock that I bought is NextEra
Energy Stock (NEE Stock) ticker symbol $NEE when I woke up this morning I really wasn't sure which
stock I wanted to buy when it came between NextEra energy Stock (NEE Stock) and bep Stock which is
Brookfield renewable Stock (BEP Stock) but the reason I bought ne is because it is the US’s
largest energy company and it has an incredible track record when it comes to their stock price
comparing its return since 2000 it's seen a compound annual growth rate or CAGR of 17.8%
with dividends and 14.8% without dividend so this is a stock that has an incredible track record and
for a utilities company that is so impressive I don't think you can find another utility company
that has that level of a track record and this has been outperforming the SP 500 by a significant
margin and shows how important that dividend is to its overall success that's the difference between
a 3 000 return and a 1700 return over the past 20 years well the dividend is only currently sitting
at 1.7 percent from this chart you can see that it used to be much higher but while the yield
is kind of hard to keep up as the stock price increases over time the payout has increased
and as a result it is a dividend aristocrat meaning that they've raised their payout annually
for the past 25 years so it has a lot of history when it comes to that and in the fall of 2020
NextEra Energy Stock NEE Stock) offered to buy duke energy stock (DUK Stock) ticker symbol $DUK
and while this deal didn't actually go through this is a huge step in the right direction for
next era because it shows that they're trying to aggressively expand and when you look at next era
as I mentioned it is the largest US energy company with a market cap of 158 billion and duke has a
market cap of 66 so they're trying to they tried to merge with a pretty large energy company and
the rumors were that it wasn't going to be able to go through because of the anti-monopoly stuff
but it shows that they're trying to increase their size at a rapid rate looking at this
chart of their assets over time they've been continually expanding over the past 20 years
is this a stock that's going to double in the next year probably not probably like 99.9 no but they
have returned 27 percent in 2020 and their track record is absolutely beautiful and it's a stock
I really believe in because they have so much of a reliance on renewable energy and they're
investing in themselves aggressively and so because of that this was a stock that I’ve
wanted to put into my portfolio since I talked about it about a month ago and considering that
they're expected to spend 30 billion on renewable energy projects between 2019 and 2022 they're only
going to continue to expand over time and with the upcoming Biden administration I think they're
going to be investing heavily in green energy and I think NextEra Energy Stock (NEE Stock) is in a
great spot to take advantage of that so this morning I decided I want to reward myself for
my birthday and give myself a little bit of a present and add some more renewable energy
stocks to my overall portfolio so I added to General Electric Stock (GE Stock) which is a
stock I’ve already owned but it has become I believe it's the largest part of my portfolio
at this point then I added NextEra Energy Stock (NEE Stock) which is ticker symbol $NEE
which is a stock that I have never owned in the past but I expect to hold this probably until I
retire at this point I don't see any reason why I would ever sell it has an incredible track record
of a content annual growth rate of 17.8 percent with dividends and so this is a fantastic stock
to hold for a long-term investment so I’m very curious what you thought about my two stocks
that I’ve decided to add to this list and is there a green energy stock that you would like
to add to your portfolio maybe a little bit more than the General Electric Stock (GE Stock) or
the NextEra Energy Stock (NEE Stock) let me know in the comment section down below
thanks for watching this video I appreciate all support and I will see you in the next video