Auto and Truck sales due tomorrow, look out F and GM
Posted June 30th, 2008 by Ted Gottsegen
Auto and Truck sales will be reported tomorrow at noon, I know what stocks I don't want to own: Ford (NYSE:F) and General Motors (NYSE:GM).
Really, what's the point in owning these stocks?
Okay, maybe holding out hope that Former Boeing executive Alan Mulally now CEO of Ford Motor Co. can turn things aroung, but how long will that take?
Believe it or not GM still has an average target price of $20.45 and Fords comes in at $5.83.
Analysts are looking for double-digit percentage declines from both manufacturers tomorrow with gas prices slamming sales of the big trucks and SUVs and lack of inventory keeping smaller car sales in check.
Happy Trading.
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GM got lucky
June sales were up, I can hardly believe it, but that doesn't mean much.
If you have to stay in the sector, only Honda (HMC) or Toyota (TM).
I'd like to go long on Tata Motors (TTM) but it's just too risky at this point.
Tata Motors sales up 6.61% in June
Tata is a stock on the Masters radar, just not ready to pull the trigger yet.
http://economictimes.indiatimes.com/News/News_By_Industry/Auto/Automobiles/Tata_Motors_sales_up_661_in_June/articleshow/3185635.cms