A Sector That Should Benefit From The Oil Plunge

In his latest Forbes.com column, Validea CEO John P. Reese looks at one area of the market that he says should be helped by the recent tumble in oil prices: consumer discretionary stocks.

Reese notes that former Gulf Oil CEO Joe Petrowski recently estimated that the oil price declines will save the average American $12,000 over the next year, thanks to cheaper prices at the pump and for heating and electricity. “Whether the actual number is lower, higher, or right at that $12,000 mark, the main point is this: American consumers should have a good deal more spending money because of cheaper oil.” Reese writes. “That should be good news for the economy and for consumer discretionary-type stocks.”

Reese looks at 5 such stocks that get high marks from his Guru Strategies, each of which is based on the approach of a different investing great. Among them: culinary supply store Williams-Sonoma