Tag Archives: drive
Will Carmax Drive Growth In Your Portfolio?
There has been some recent statistics that have been reported that credit is definitely flowing again in America. One area that has seen strong growth is in the area of auto sales. According to the American Banker, the amount of outstanding in auto loans has increased by $ 23.9 billion YOY, from $ 658 billion. They also note that the increase in auto loans was because of banks pushing for subprime loans (haven’t we been through this before).
The question remains is how can an investor profit from the increase in auto’s sales. A company to consider is CarMax (KMX) based in Richmond, VA. Currently, CarMax operates 107 used car superstores in 52 markets, and plans to open 10 to 15 stores and more to come.
CarMax is currently down 13.26% for the past 52-weeks. They are currently trading at 17.2 X P/E, which is above their industry peers that are trading
Middle East Tensions Drive Demand At FMC Technologies
America is curbing its oil import appetite through aggressive shale development and a return to offshore exploration and production. Given Iran’s saber continues to rattle, the incentive for the U.S. to in-source its oil supports drilling equipment and services stocks, including FMC Technologies (FTI).
FMC’s products are widely deployed wherever oil is found. It’s particularly strong in deepwater, where its subsea systems hold a 46% market share. The industry has been getting stronger in the wake of a return to Gulf of Mexico post-Macondo. FMC shares have increased 27% since the end of the third quarter. Oceaneering International (OII) and Helmerich Payne (HP), both also tied to offshore E&P, have seen shares increase 33% and 58%, respectively. Stocks with offshore exposure are likely to enjoy another solid quarter given rig rates remain high.
In November, there were 1,185 active rigs worldwide, 55 more than last year. As of the most
3 ways to drive down your car insurance
Fed up with the rising costs of driving your car? Here are tips to lower how much you pay for car insurance.
Expert financial advice and saving tips – CNNMoney.com
