Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
When gas prices fall, the U.S. consumer spends more in the stores. That much is clear.
But when they plummet—like they have during the last three months—consumers get even more excited, hitting the road, plane, or boat for vacations to the Caribbean and Las Vegas, history shows. This extra spending benefits stocks such as Marriott Vacations, Wynn Resorts and Priceline.com the most.
Gas prices are off more than 30 percent over the last three months. So CNBC.com ran a search using Kensho, a powerful quantitative analytics tool, in order to find what happens to individual stocks after such a drop. The Kensho study turned up 17 occasions during the last 10 years similar to now when gas prices fell 10 percent or more.
Marriott Vacations Worldwide, a timeshare operator offering jaunts to locations such as Phuket, Thailand, and Tuscany, Italy, was among the best performers in the query, posting a median return of 11 percent in the three months following such a slide in gas prices.
"As we transition to a stronger consumer confidence environment, that shift can go to new timeshare buyers," said Robert LaFleur, lodging analyst at JMP Securities. "It's really a question of how much money is left in your wallet. (You're) less anxious about spending on luxuries—things you don't need, but are nice to have."
JMP has a "buy" rating on Marriott Vacations Worldwide, as well as most major hotel operators.
Marriott Vacations spun off from Marriott International in November 2011. Its bigger brother also performed well in the search, posting median gains of 9.9 percent after a gasoline price drop. What's more, the stock is almost a sure thing to trade higher in the three months following a slide in gas prices, trading higher on 71 percent of those occasions.
The casino and luxury hotel operator Wynn Resorts posted a median return of 14 percent over the same time frame, trading in the green 71 percent of the time during those three months.
Priceline.com posted a whopping median return of 17 percent following gasoline corrections, with positive trades 76 percent of the time, the search found.
RBOB gasoline futures closed down 3 percent at $1.82 on Tuesday, a 34 percent decline from September and far from the 2014's peak price of $3.13 a gallon in June. With oil trading at five-year lows, gasoline prices are expected to stay relatively low, analysts said.
Marriott Vacations shares are up 24 percent already over the last three months, but the Kensho study indicates the stock could have more room to run in the next three months when the higher demand from falling gas prices shows up in the company's earnings results.
Shares of Priceline.com and Wynn are both lower over the last three months so the drop in gas prices should be a tailwind for the stocks, if history is any guide.
CNBC's parent NBCUniversal is a minority investor in Kensho.