3 Stocks Set to Benefit From Trump's “Drill, Baby, Drill" Policy

Group 1: Trump's Energy Policy - Donald Trump aims to increase domestic oil and gas production through reforms in energy permitting and increased fracking on federal lands [1] - Chris Wright, CEO of Liberty Energy Inc., has been nominated to lead the Department of Energy, indicating a focus on boosting domestic drilling [2] Group 2: United Airlines - Lower fuel costs from increased domestic oil production would improve United Airlines' cost per available seat mile (CASM), enhancing efficiency and profitability [2] - United Airlines' Q3 2024 cash flow improved by 70% year-over-year, driven by solid cost management and robust demand [3] - The airline's CASM rose by 0.1% year-over-year, while CASM-ex increased by 6.5% year-over-year, indicating effective cost control [3] - United Airlines expects Q4 2024 EPS guidance of $2.50 to$3.00, aligning with consensus estimates of $2.76 [4] Group 3: Royal Caribbean - Lower fuel costs would significantly boost margins for Royal Caribbean, where fuel costs account for 7$5.20, exceeding consensus estimates by 17 cents, with revenues increasing by 17.5% year-over-year to $4.89 billion [7] - The company anticipates full-year 2024 EPS guidance of$11.57 to $11.62, consistent with consensus estimates [8] Group 4: Boeing - Lower fuel costs are expected to enhance airline profits, encouraging new aircraft orders from Boeing [10] - Boeing faced a challenging 2024 due to a costly union strike but maintains a significant backlog of over half a trillion dollars in demand for passenger planes [9] - Boeing's stock forecast indicates an 11.34$192.21 based on 23 analyst ratings [10]