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Oil futures contracts are down more than 30% since their 2014 peak in June – and these stocks to buy now stand to gain from the price drop.
Money Morning Technical Trading Strategist D.R. Barton spoke with Bloomberg Radio yesterday (Tuesday) to discuss how you can play this dip in oil prices.
"Driving a lot of stock price action is this huge drop we've had in crude oil pricing this year," Barton said. "That's really helping out a lot of different stocks."
Barton is particularly fond of big box retailer Big Lots Inc. (NYSE: BIG) which closed yesterday at $50.14, up 11% since oil prices peaked in June.
Listen below for the fundamental and technical factors driving this stock, plus two more Barton likes: