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Big Gains for Nano
01/13/2006 12:00 am EST
While speculative, there is no more exciting area for long-term investors than nanotechnology. And there is no more able guide to this emerging field than Josh Wolfe, who has the rare ability to understand the industry from both a scientific and financial view. Here are two of his favorites.
"My top speculative pick in the nanotechnology arena for 2006 is Accelrys (ACCL NASDAQ). As the world leader in molecular modeling software for nanotech researchers, Accelrys has a bright future. The company is emerging from a restructuring with a leaner cost structure and increased focus on large corporations using their software programs for nanoscale science research.
"For a more conservative play on the nanotech sector, my top pick for the coming year is PowerShares Lux Nanotech Portfolio (PXN ASE). First a disclaimer: I am a director of Lux Research, which has developed the first nanotech exchange traded fund (ETF) in partnership with PowerShares, although I have no direct input or control of the index selection.
"Making individual stock selections in a field as young and fast growing as nanotechnology can prove risky. Why bet on the horse when you can own the track? The PowerShares Nanotech portfolio tracks a portfolio of 26 stocks which are developing, manufacturing, or funding nanotechnology."
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