These 3 stocks are poised to win big from the trade war, experts say (via TradingNation)
O'Reilly
, " he said in the same "Trading Nation" interview. "Quite frankly, more and more people are going to be opting to fix and repair their current cars rather than go out and buy new ones, and that's just what happens when the economy slows down. So, don't fight the cyclical trend. The average vehicle on the road right now has never been older. It's 11 years old. And those cars need to be fixed.
Tepper preferred O'Reilly to its peers because of what he saw as best-in-class inventory management, a compelling valuation and "a track record of stellar performance whenever the economy slows or contracts." "If you go back to July of '07 through July of '09, the S&P was down about 38% or so over the course of that time frame; O'Reilly was actually up 4%," he noted. So it is a good stock to hold late cycle."
Shares of Ford gained more than 1% in Wednesday's trading session following the auto tariff delay. U.S. Steel's stock declined by less than 1%. O'Reilly shares were largely flat and are up less than 3% for the year.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asian stocks, yuan fall as U.S.-China seen deadlocked in trade talksU.S. stock futures fell and Asian shares slipped on Monday on growing uncertaint...
Weiterlesen »
Bitcoin emerges as a global hedge while stocks tumble in US-China trade warThe world's largest cryptocurrency is up 15% Monday as major U.S. markets churn.
Weiterlesen »
Asian stocks, yuan fall as Sino-U.S. trade talks deadlocked; investors await China retaliationU.S. stock futures and Asian shares fell on Monday on growing anxiety over wheth...
Weiterlesen »
Stocks gain on trade deal hopes, set for worst week since DecemberGlobal stocks made gains on Friday as investors held out hopes for a trade deal ...
Weiterlesen »
POLITICO Playbook PM: Stocks tumble as trade war heats upThe presidential election is 18 months away, but experts are projecting long-term pain from an extended trade war with China. What does that mean for Trump? More in Playbook PM:
Weiterlesen »
Stocks attempt a comeback from trade sell-off – six experts weigh inWall Street is trying on Tuesday to claw back some of its losses suffered over the past week, but the worst may not be over yet. Here's what six experts are watching.
Weiterlesen »
Stocks bounce back from losses after investors digest U.S.-China trade upheavalThe Dow gains 200 points in morning trading after a price reset, while the S&P 500 and Nasdaq both inch forward.
Weiterlesen »
Trade-sensitive stocks on ropes as uncertainty weighsA week of worsening fears on Wall Street leading up to Washington's increas...
Weiterlesen »
U.S. Stocks Plummet As U.S.-China Trade Dispute EscalatesU.S. equities and commodities are taking a hit as trade war tensions between the U.S. and China continue to escalate by theothersarahh
Weiterlesen »
European stocks drop as China ups stakes in trade war with U.S.European stocks continued their decline on Monday, on the heels of this year&03...
Weiterlesen »
Trade Tensions: The U.S.-China Dispute Remains Center Stage For StocksThe trade war between the U.S. and China ratcheted up further this morning as China struck back with raised tariffs of its own
Weiterlesen »