Scalper1 News
A handful of industries sensitive to the price of oil are getting a boost from crude’s plunge to a five-year low. Stocks in the paint, plastics, airline, air freight and trucking industries have risen as oil has lost nearly half its value since June, helping companies in these groups to cut costs and boost profit margins. The Transportation-Airline group ranked No. 1 out of 197 industry groups as of Tuesday’s IBD, up from No. 25 six weeks ago. Scalper1 News
Scalper1 News