These 3 stocks are poised to win big from the trade war, experts say (via TradingNation)
O'Reilly
, " he said in the same "Trading Nation" interview. "Quite frankly, more and more people are going to be opting to fix and repair their current cars rather than go out and buy new ones, and that's just what happens when the economy slows down. So, don't fight the cyclical trend. The average vehicle on the road right now has never been older. It's 11 years old. And those cars need to be fixed.
Tepper preferred O'Reilly to its peers because of what he saw as best-in-class inventory management, a compelling valuation and "a track record of stellar performance whenever the economy slows or contracts." "If you go back to July of '07 through July of '09, the S&P was down about 38% or so over the course of that time frame; O'Reilly was actually up 4%," he noted. So it is a good stock to hold late cycle."
Shares of Ford gained more than 1% in Wednesday's trading session following the auto tariff delay. U.S. Steel's stock declined by less than 1%. O'Reilly shares were largely flat and are up less than 3% for the year.
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