Who Benefits from Low Oil Prices?
Frank Holmes joins CNBC Asia’s Squawk Box to discuss the effects of declining oil prices, and more importantly, how this impacts other areas of the market. Frank says as we see lower gas prices throughout the country, we’ll start to notice a boom in consumer spending which directly benefits retailers. Noting Walmart’s recent positive earnings release as an example, Frank thinks this type of spending sentiment could expand even further into luxury companies such as Tiffany’s.
Watch the full interview here to see if Frank thinks we’ve hit a bottom in oil pricing yet and also to get his thoughts on the upcoming G20 Summit in Brisbane, Australia.
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Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.
Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more of U.S. Global Investors Funds as of 09/30/2014: Tiffany and Co.