Auto Stock Roundup: Honda, General Motors, AutoNation & Tesla Beat On Earnings
Zacks Investment Research | Feb 08, 2018 05:20AM ET
The past week saw a flurry of earnings reports from the auto sector along with the release of January sales figures. General Motors Company (NYSE:GM) and Toyota Motor Corporation (NYSE:TM) reported an increase in January sales, whereas Ford Motor Company (NYSE:F) and Fiat Chrysler Automobiles N.V. reported year-over-year sales decline.
Major automakers expect 2018 auto sales to remain weak. Keeping up with consumers’ rapidly changing preference from passenger cars to pickup trucks and SUVs is likely to pose a serious challenge for automakers.
However, robust economic growth, better employment prospects and rising consumer confidence are likely to boost auto demand. Also, the tax cuts should prove to be beneficial for the companies.
(Read the previous roundup here: Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.