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) RDS
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. 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 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 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 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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