Best stocks in the automotive industry

[Jeff Kershner]

How many of you have or watch stock investments in the industry?

I've been playing with the market for a few years now and have done decently well percentage wise. Lately one of the better stocks has been Cars.com. Last year I grabbed a couple shares when it was sitting at over $7.00. As of today, it's hovering right above $14.00. with arrows pointing up.

Another stock is BLNK - EV charging equipment, and networked charging services. I got lucky and stumbled across this one when it was sitting at $2.50 a share and sold at $44.00. That's one you look back and slap yourself silly for not going all in on.

I also grabbed a few shares of Mazda when it was $2.80.

Anyone else play the market with companies in the automotive industry?

*if you want to add your own ticker, use the "insert media" feature in the toolbar then copy/paste the following URL with the edited "Exchange-symbol"

Example(s):

https://www.tradingview.com/symbols/NYSE-CARS/
https://www.tradingview.com/symbols/NASDAQ-BLNK/
https://www.tradingview.com/symbols/OTC:MZDAYS/

 

[ChrisR]

I own what I sell. Bought recently, so I haven't had any major changes in price.

 

[joe.pistell]

Honda is the world’s first carmaker to sell a vehicle equipped with new, certified level 3 automation technology.

 

[joe.pistell]

Gasoline has doubled.

 

[joe.pistell]

Interest rates are rising.
Interest Rates on 10yr Bond

(couldn't get "symbol=CBOE-TNX" to work)

 

[joe.pistell]

Used Car Prices at wholesale are rising so fast that (in some cases) 100 day old used cars can be flipped at wholesale for MORE than your retail price.

 

[joe.pistell]

For those players that like to geek out on this historic BUBBLE in used car prices, we're watching a perfect storm of used car demand.

1. COVID killing Mobility as a Service (i.e. Uber, public transport, etc) creating many new car buyers
2. COVID killing recreational spending (i.e. restaurants) creating new found free cash
3. Interest rates at multi-generation lows
4. Govt checks to help with neg equity/down payments
5. COVID reducing New car supply

Every UCM on the planet should be watching this Manheim chart, daily. (I do every day)

Daily MMR Retention

See how the COVID-19 situation is impacting MMR

publish.manheim.com

 

[joe.pistell]

Back to this thread... If you invest in auto, all of the macro items will impact the trend of your investment. $TNX (10yr interest rates) is the 800lb gorilla that can blow everything up.

 

[Aliiam]

Covid has killed the auto industry, but significant growth is already being seen.

 

[Rob]

Covid has killed the auto industry, but significant growth is already being seen.

Is this some weird spam that I don't understand?