Buy Five Below, Rite Aid as ‘Oil’s Pain is Retail’s Gain,’ Guggenheim Says
November 28, 2014 at 14:44 PM EST
Guggenheim’s John Heinbockel and Steven Forbes think oil’s plunge will give a boost to retail spending–and to stocks like Five Below (FIVE) and Rite Aid (RAD). They explain: Associated Press Bottom line, it now appears that the gas price benefit could total as much as $6B in Dec. alone—$20-25B in Nov.-Feb.—well above our previous expectation. [...]