With falling oil prices, what’s a good company to snap up on Wall Street? Look no further than General Motors.
USA Today says that GM’s full-size SUVs like the Cadillac Escalade, Chevrolet Tahoe, and GMC Yukon − all of which were redesigned for 2015 − stand to make the greatest gains due to low gas prices. Even though Barclays is predicting that sales will improve only 9 percent, they point out that these SUVs have among the greatest profit margins out of all of GM’s vehicles.
To the shrewd investor, American Axle also may be a good buy because 15 percent of their sales go toward the GM SUV triplets.