5 Stocks To Cash In On Low Gas Prices
CNBC’s "Fast Money" traders recently shared five stocks to buy on low gas prices.
2015 has been a very tough year for oil, and many investors have lost huge amounts of money on it. However, there are several ways to profit from this trend.
So, let’s take a look at five stocks investors should be buying on the low gas prices, according to the “Fast Money” traders.
1) Royal Dutch Shell plc (ADR) (NYSE:RDS.A)
Timothy Seymour, Managing Partner at Triogem Asset Management and Founder of EmergingMoney.com chose the Dutch oil and gas company, which he assured is “starting to perform after a couple of years of really being a disaster.”
He pointed out something he liked was the “Seven percent dividend yield for a company that I think (…) the weaker Euro benefits their refineries” in Europe.
2) Delta Air Lines, Inc. (NYSE: DAL)
Pete Najarian, Co-Founder of optionMONSTER.COM and tradeMONSTER.com went for the big-cap airliner. In the last quarter, the company “saved $1 billion dollars based upon where fuel was a year ago quarter versus this year,” he expounded. “It says something. And oh, by the way, they did buy that refinery, and that put another $87 million in their pocket.”
3) General Motors Company (NYSE: GM)
Then came Karen Finerman’s turn. The CEO & Co-founder of Metropolitan Capital Advisors chose the giant carmaker. “When I thought about this, I looked at what really occurred when oil spiked. Anyone who made SUVs, they were too expensive [and] nobody bought them. Conversely, with oil here (…) SUVs, very high margin, that would be good for GM.”
4) Tesoro Corporation (NYSE: TSO)
Finally, Guy Adami, Chief Market Strategist and Director of Advisor Advocacy at the Private Advisor Group recommended two stocks. First off, Tesoro.
5) Valero Energy Corporation (NYSE: VLO)
The Fast Money traders’ last recommendation was Valero, which is up ore than 43 percent year-to-date.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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