By Jen Wieczner
These stocks should thrive no matter how Donald Trump and OPEC impact gold and oil prices.
When John Roth thinks back on the oil market of two years ago, a certain calamitous image comes to mind: “I liken it to pushing a freight train off the top of a hill,” says Roth, manager of the $3 billion Fidelity New Millennium Fund. “After a while it starts to really gain momentum, and it takes a lot of money and effort to go the other way.”
Beginning in the summer of 2014, of course, crude prices collapsed much faster than energy producers could hit the brakes on production; some companies kept drilling even as the oil-supply glut worsened, hoping to get the most out of the ground before prices fell further.