As the price of crude oil is approaching the $100 mark, on rising political tensions and uncertainty in the Middle East and Africa, many stocks across various sectors are being affected. Just today we’ve seen the huge negative effect on Cruiselines, Airlines and other retail stocks. Some of the notable stocks were Carnival Corp [CCL] (-5.88%), Royal Carribean Cruiselines [RCL] (-5.85%), US Airways Group [LCC] (-6.85%), and Delta Airlines [DAL] (-5.25%). Commodities should definitely be given a look at while investing or trading in equities as they affect the macro and sector landscape causing havoc to the prices for even the best companies.
-Tony
