Forget Oil Stocks: 5 Better Companies for Buying on the Dip

The current economic downturn has hit oil stocks hard, and bargain-hunting investors are picking through the wreckage to see what looks salvageable. Sadly, the problems in the oil industry -- including oversupply, lack of storage, and persistently low prices -- may stretch on for months or even years after a recovery. There are better prospects in other sectors.

With that in mind, we asked five of our Motley Fool contributors with oil industry expertise what stocks look good to them outside the energy sector. They came back with Walt Disney (NYSE: DIS), Medical Properties Trust (NYSE: MPW), Axon Enterprise (NASDAQ: AAXN), Waste Management (NYSE: WM), and NV5 Global (NASDAQ: NVEE). Here's why they think these are better buys than most oil stocks.

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Source Fool.com