All this talk about oil prices in the news may have you worrying about the price you’ll be paying for gas. But maybe this rise in the price of oil can have a profitable outcome if you play your cards right.
In any market, there’s profit to be made. Likewise, when things like oil rise in price, there’s money—a lot of money—to be made.
So, while other people are worrying about the price they’ll pay for gas this week, you can have your gas paid for by your profits, while pocketing the extra cash.
There’s been a lot of concern about gas prices in the U.S. lately as oil production is set for a big cutback. Oil reached a new 2016 high on Monday of over $53 per barrel.
If you’re familiar with these Wall Street Informer newsletters, then you’ll know that there’s nothing to worry about, because we can find profit in any type of market.
When the price of oil drops, the price of gas drops, and our chance of profit rises.
When the price of oil rises, the price of gas rises, and our chance of profit rises.
Do you see the similarities there?
We’re in this for the profit, and we’ll find it regardless of the situation.
As I’ve been watching these oil prices rise, I’ve noticed something interesting that’s been happening elsewhere. Something that we can mine for big profits, even when the mining for oil slows down.
As some people are beginning to worry about how much it’s going to cost them to fuel their Corolla or their Jetta, other people are looking to the future and considering the possibility of buying an electric car.
The interesting movement that I’ve noticed is in the way the electro-auto-industry’s leading manufacturers’ stocks have risen parallel to that of oil.
Since the election, the price of oil per barrel has risen about 6.5%. In that same timeframe, the car companies that have been spearheading the electro-auto campaign have seen even bigger gains.
Since the election, General Motors (GM) has risen 26%, Ford (F) has risen 15%, Fiat Chrysler (FCAU) has risen a staggering 30%, and Tesla (TSLA) is trailing closely behind with a rise of 9%.
It makes a lot of sense when it’s put this simply, but it’s something that doesn’t exactly come to the forefront when all the focus is on oil.
These gains don’t necessarily mean that these companies have had sales increases in these amounts, it’s simply a reflection of how traders feel about these companies compared to the rising price of oil. But that’s all we need to be able to get that 30% profit.
As long as oil continues to rise, these stocks are likely to remain strong. There’s other companies that’ll hop on this bandwagon that will prove to be big earners for traders that can catch trends like this early enough.
It’s likely that these stocks have yet to see their peaks, and I’ll be keeping a close eye on them in the coming weeks as oil prices continue to fluctuate.
