Since putting in a major peak back in mid-June, crude oil has declined over 36%. For some insight into how this significant drop in the cost of crude has impacted the stock market, today’s chart presents the ten best performing Dow sectors (out of more than 100) since the decline in oil prices began in earnest less than six months ago. The outperformance of the ten sectors illustrated in today’s chart lend themselves to a few themes. First, health related sectors (e.g. biotechnology, healthcare providers and medical supplies) proved to be a healthy bet as baby boomers continue to move into retirement age. Also, transportation (e.g. airlines and trucking) headed in a positive direction — a direct beneficiary of lower oil prices. Finally, consumer goods related sectors (e.g. footwear, durable household products and furnishings) proved to be a good buy as investors anticipate lower shipping/transportation costs. The performances of each of the sectors illustrated in today’s chart are especially compelling considering that the S&P 500 gained a relatively modest 5% during the same period.
Quote of the Day
“There is nothing more powerful than an idea whose time has come.” – Victor Hugo
Events of the Day
December 10, 2014 – Nobel Prizes awarded (announced in October)
December 16, 2014 – Hanukkah (1st day)
Stocks of the Day
— Find out which stocks investors are focused on with the most active stocks today.
— Which stocks are making big money? Find out with the biggest stock gainers today.
— What are the largest companies? Find out with the largest companies by market cap.
— Which stocks are the biggest dividend payers? Find out with the highest dividend paying stocks.
— You can also quickly review the performance, dividend yield and market capitalization for each of the Dow Jones Industrial Average Companies as well as the performance of the Dogs of the Dow.
Mailing List Info
Mailing List Info
Chart of the Day is FREE to anyone who subscribes. Just go HERE
Where should you invest? The answer may surprise you. Find out right now with the exclusive & Barron’s recommended charts of Chart of the Day Plus.
