Auto and Truck sales due tomorrow, look out F and GM
Source: http://thestockmasters.com/F-GM-063008.htmlPosted on Monday, June 30th, 2008 | In Current Market News, Stocks to Watch
Contributed by: Ted Gottsegen (http://thestockmasters.com) -
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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Disclaimer: No positions in GM or F.
Last 5 posts by Ted Gottsegen
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Tags for this Post:
Auto Sales, Current Market News, Due Tomorrow, Ford, Ford Motors, General Motors, gm, Gm Auto, Gm Truck, nyse, stocks, Stocks to Watch, Truck Sales
Auto Sales, Current Market News, Due Tomorrow, Ford, Ford Motors, General Motors, gm, Gm Auto, Gm Truck, nyse, stocks, Stocks to Watch, Truck Sales
 About Ted Gottsegen (http://thestockmasters.com)
Ted's investments in the stock market and real estate have allowed him to pursue his true calling in life, Music. Ted is now a full time musician thanks to his investments and a part-time StockMaster providing his knowledge of making the right decisions and trend spotting in the stock market. Ted is also an accomplished writer and provides his editing skills to all of the StockMaster publications. |
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