Introducing the Rearview Mirror. This will be a short review of the seven top auto stocks to keep an eye on each week.
Mostly, the review will look at brands that are well-known to give you a look at the trend for the industry from week to week. Whether you’re ready to invest or you’re simply interested to see how the top automotive stocks are performing, this will be where you find your information.
The First Entry –Election Week
Does the election in the US have any major impact on the stock prices for automotive companies during the week? The short answer is “no” the actual week of the election doesn’t typically have a major impact on the price of automotive stocks. Future regulations and potential global relationships could have a greater impact than the results of an election, even if those results aren’t certified or complete for several weeks.
Stocks to Watch and Their Performance
Honda Motor Company (HMC)
Honda Showed a strong increase in price last week. The opening price on Tuesday 11/3 was $24.65 per share while the closing price on Friday was $26.30. This strong growth shows positive and steady improvement for the Honda brand. The greatest increase in price took place from the opening on Friday until the close.
Ferrari (RACE)
From the opening bell on Tuesday until the closing time on Friday, Ferrari showed a steady increase in stock price. The opening on Tuesday was $193.50 per share while the closing of this stock on Friday was at $208.00. The greatest increase took place when the market opened on Wednesday morning.
Toyota Motor Corporation (TM)
Toyota is one of the steadiest companies in the stock market. The TM stock showed a slight dip during Wednesday with a complete recovery on Thursday last week. Overall, Toyota’s price increased from $134.69 on Tuesday to 137.20 on Friday. This steady increase could be good for your stock portfolio.
Volkswagen AG (VWAGY)
The Volkswagen Auto Group is comprised of several of the brands you know and admire including Porsche, Audi, and Bugatti. The stock price for the Volkswagen name increased from $16.53 at the open on Tuesday morning to 17.07 at the close on Friday. As a steadily increasing stock, Volkswagen could be the right place for you to put some of your money.
Tesla (TSLA)
Depending on how much you want to spend on a share of stock, you might be interested in Tesla. At the opening on Tuesday, Tesla showed a price of $410.82 per share, with a closing price of $429.95. If you’re not interested in spending this much for a single share in a company, you might consider waiting until the next stock split for Tesla.
Tata Motors (TTM)
This India-based company is one you might want to invest in. The price of the Tata Motors stock is on the rise and continues to show the performance that will help you have a strong portfolio. The TTM stock price opened on Tuesday morning at $9.13 per share with a closing price on Friday of $9.50 per share. This might not sound like a huge increase, but it’s certainly the right direction.
Penske Automotive Group (PAG)
If you want to invest in a racing team that has expanded beyond the race track, Penske could be right for you. This stock started Tuesday at $53.61 per share with a closing price of $55.08 per share. Penske has been a leader in the racing industry and is extremely active in NASCAR and Formula One racing circuits.
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