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Auto and Truck sales due tomorrow, look out F and GM

Ted Gottsegen (June 30th, 2008) Writes:
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 ...

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