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0 0.00062392762439564 -0.00171580096708784 -0.00249571049758228 -0.00483543908906562 -0.00951489627203243 -0.00951489627203243 -0.00951489627203243
Stock impact report

Why Shares in Goodyear Popped Higher 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
The positive move comes as a sharp price correction in oil led investors to factor in better earnings outcomes for Goodyear. Goodyear's exposure to oil The tire maker's exposure to oil comes from two main areas. First, higher oil prices mean higher gasoline prices, and that usually results in a moderation in miles driven. That's bad news for tire companies, as about 70% of industry demand for tires comes from the replacement market. 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 » Image source: Getty Images. Second, raw materials account for a significant portion of a tire company's costs. Raw materials account for around 45% of its cost of goods sold, and 70% of those costs are driven by oil prices. You could even extrapolate further and argue that the inflationary environment created by soaring energy p Show less Read more
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