Market Overview

Fast Money Halftime Report Traders Share Their Low Gasoline Price Picks


On CNBC's Fast Money Halftime Report, Jon Najarian and Jim Lebenthal spoke about stocks that should benefit in the low gasoline price environment.

Najarian thinks that Tesoro Corporation (NYSE: TSO) and Valero Energy Corporation(NYSE: VLO) should do well because a year ago, when crude oil was trading in $50s, gasoline was $2 and now, crude oil is trading around $35 and gasoline is still close to $2.

Lebenthal thinks that bargain retailers are beneficiaries of low gas price. He explained that consumers are going to start spending soon and they are going to do that at Wal-Mart Stores, Inc. (NYSE: WMT), Dollar General Corp. (NYSE: DG) and J C Penney Company Inc (NYSE: JCP).

Posted-In: CNBC Jim Lebenthal Jon Najarian Fast MoneyIntraday Update Media


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