If you’re wondering which auto stocks you should invest in for 2021, you’re in luck because we have a few that could be profitable.
A new year is almost upon us and the final month of the fourth quarter of 2020 will be gone before we know it. There are several great choices in the stock market, but some stand out as stocks that will perform well and keep your money safe throughout the year.
What are Your 2021 Goals in the Stock Market?
Before you take our advice and choose one of the stocks that will be mentioned, you need to spell out your goals. If you’re going to spend day after day reviewing stocks trying to catch a wave of upward movement, you’re likely not going to be interested in the stocks we will mention. On the other hand, if you want to put your money in a stock and see that it grows every week, month, or quarter, you’ll be pleased with what we have to offer.
Three Auto Stocks You Should Consider
The American Automotive Industry has always had the Big Three companies which are General Motors, Ford, and Chrysler. The growth of Tesla requires us to consider a new segment in the market when talking about stocks and places you should invest in for the future. While you could put your money in relatively new companies such as Nikola, your money will be safest in the following stocks over the next twelve months.
Tesla
One of the most successful and impressive auto stocks in the market today is Tesla. This stock has risen steadily over the past several years because of how the company has found a way to bring the vision of Elon Musk to reality. Tesla seems to be without fault in many ways, even when production delays take place, this company tends to see the stock price move upward.
Ford
While Ford was mired with challenges several years ago, the focus on SUVs and trucks going into the future will increase the average ticket price for Ford vehicles. Currently, the Ford F-150 is the most popular vehicle in the country. The price of Ford stock is pretty reasonable right now, which means you could buy it and have the right one of the auto stocks to follow upward as the price climbs over the next twelve months.
General Motors
Wall Street seems to love GM CEO Mary Barra and the job she has done so far. She has earned a lot of respect and confidence from most investors. While the GM stock is down compared to the start of 2020, it’s ready for a move back up to where it belongs. You can bet your smart money on GM and know you’ve found the right one of the auto stocks for the long haul. General Motors has the cache you need to have confidence in the future.
While these three auto stocks might seem boring, mostly because you know their names, if you want to see your money grow in 2021, these are the top three choices for you to invest your money.
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