We used the rearview mirror series to cover the weekly performance of ten of the top auto stocks during 2020.
As we move into 2021, we’re going to select a few new names and see how they perform on a weekly basis. Whether you choose to invest in these stocks or you simply want to see what the wave of movement is for each one, you’ll be pleased to see how each of these companies performs.
NIO (NASDAQ: NIO)
NIO is the Chinese version of Tesla and it is one of the companies we covered last year. This EV automaker has had some excellent performances and it will continue to be one of the names we keep an eye on for this new calendar year. NIO is also the only one of the seven we’ll watch each week that’s traded on the NASDAQ exchange.
Ferrari (RACE)
When you hear the name of Ferrari you get excited about it as a company that’s been creating some of the most alluring cars we’ve ever seen. It will be fun to watch this name as one of the auto stocks that move up and down the NYSE. This stock gives us a glimpse into the performance car market with a highly regarded European brand.
General Motors (GM)
Another carryover from last year, you know GM and you know they have been one of the strongest and most successful companies in the world. We’ll follow GM and see if it’s a company you should be looking to invest with when you want to put your money into the stock market and find the right auto company to follow.
Toyota Motor Corp (TM)
We have to keep Toyota on the list. Toyota is one of the largest and most widely regarded automakers in the world. You can’t drive anywhere without finding Toyota branded vehicles driving around and showing what it means to be one of the most reliable brands in the market. Keep an eye on Toyota and see if it’s the right one of the auto stocks for you.
Harley-Davidson (HOG)
While Harley-Davidson has had its share of woes over the past few years, this exceptional motorcycle brands in the world. Having a HOG in your driveway is a sign of status and respect. Having your money invested in HOG might be a bit of a roller coaster and we will cover how this stock performs throughout the year.
Tata Motors (TTM)
You’ve heard of Tata Motors, but you might not have known it. This company has been dominating the Asian markets since 1945 and is based in India. As the owner of Jaguar and Land Rover, it will be interesting to watch the price movement and growth of TTM during the year. Get ready for a bit of fun with this stock as we see how it moves each week.
Ford (F)
Finally, the last of our auto stocks to watch for 2021 will be Ford. Yes, this name is a carryover, but it’s an important stock to keep an eye on and is a brand that you know and have admired for a long time. We’ll see how the Ford stock price moves and enjoy the ride throughout the year with a name we know and love.
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