3 Stocks To Buy As The Price Of Oil Surges

newsfeedback@fool.com (Lee Samaha), The Motley Fool
Sun, 10/21/2018 - 5:18am

With the price of oil hovering around $75, it's a good idea to start thinking about buying stocks exposed to rising capital spending from the oil and gas industry. While the usual suspects are oilfield services companies, there's also a number of industrial equipment companies with significant oil exposure. Let's take a look at them and why they are good ways to play the investing theme of higher oil prices.Not only is Emerson Electric (NYSE: EMR) continuing to generate mid-single-digit underlying growth in its commercial and residential solutions business (44% of third-quarter segment earnings comprising climate technologies and tools and home products), but it's seeing a strong cyclical recovery in its core automation solutions segment.Image source: Getty Images.Continue reading

Topics: emerson electric nyse emr images stocks buy price of oil solutions companies good

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3 Stocks To Buy As The Price Of Oil Surges

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