Gasoline Is Cheap, But For How Long? And How Can Investors Benefit?
Driving north from the
Enjoy cheap gas, but don’t expect it to last past next Christmas, the people who study this stuff remind us.
“We are forecasting
The oil industry sees this backwards from you and me: These people like high prices, which leave room for bigger profit margins and fatter shareholder dividends, and attract big new investments in wells and equipment.
With the
“Despite President Trump’s desire for lower oil prices and his misguided notion that lower oil prices are still good for the
Now that oil producers can run wells sideways and have surprised analysts by drawing a lot more oil out of existing wells than previously projected, the
We are ahead of our only near rivals --
Falling prices will mean fewer new
Does that at least make it a good time to buy
If not Big Oil, what about banks? Their stocks look kind of cheap -- the group trades at a 40 percent discount to other Standard & Poor’s 500 stocks, according to the bank analysts at
But banks are mostly cheap for good reasons, and unlikely to resurrect soon, KBW warned clients in a report Monday.
KBW analysts
The analysts still like JPMorgan, because it keeps investing in financial software (and hiring engineers at its tech centers, like the one in northern
KBW’s regional-bank analysts are also recommending a handful of stocks, including
Smaller banks, focused on local customers, should grow faster. But KBW isn’t expecting a lot of fat profits from more mergers, which have already made 8,000
Up in
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