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Stock impact report

Here's Why Goodyear Shares Popped Today [Yahoo! Finance]

The Goodyear Tire & Rubber Company (GT) 
Last the goodyear tire & rubber company earnings: 4/30 07:15 am Check Earnings Report
US:NYSE Investor Relations: goodyear.com
Company Research Source: Yahoo! Finance
It's not all a coincidence. Here's why. Goodyear loves a lower price of oil There are two, possibly three, main factors to consider. First, raw materials account for a significant portion of Goodyear's costs (roughly 45%), and of that figure, about 70% comes from oil prices. Consequently, investors immediately pencil in better margins for Goodyear when oil prices drop. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Second, the majority of tire sales (aboot 790%) actually go to the replacement market, and when the price of oil is high, and the crack spread (the difference between the cost of crude oil and gasoline) is also high due to scarcity of crude for refiners, then the price of gasoline is also high enough to start deterring driving. That's bad news for the auto aftermarket, including tire sales. Thi Show less Read more
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