It seems like crude oil has fallen just as fast as it rose during the summer. The crude oil price has declined from as high as $147/barrel to where it currently sits under $102. Many news outlets are now reporting that much of the rise in price was due to pure speculative trading. It is always interesting to see what the crude oil price does to the share prices of several stocks of companies that have oil as a large expenditure. Particularly I like to pay attention to price fluctuations in the shares of really strong companies that have paid ever- increasing dividends over the years.
United Parcel Service (UPS) - The connection is obvious here. They move stuff around.
Performance since July 11 when oil traded above $147/barrel = +16%
The Clorox Company (CLX) - Resin (oil derivative) is used to make several of their consumer goods including Glad® bags.
Performance since July 11 when oil traded above $147/barrel = +21%
SYSCO Corporation (SYY) - Distribute food products all over North America.
Performance since July 11 when oil traded above $147/barrel = +21%
Performance of the S&P 500 Index during the same period = +0%
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