If you’re wondering which automotive stocks should be ready to pay off as we move through the fourth quarter of the year; here’s guidance.
The stock market has been a rocky place to have your money since the start of the COVID-19 pandemic, but the automotive sector is nearing a recovering and many companies should bring you excellent profits before the end of the year.
Toyota Motor Corp. (TM)
The most valuable auto company in the world is Toyota, and this is a company that has performed extremely well for many years when it comes to the stock market. Right now, Toyota is on the precipice of advanced driving technology with strong hybrid sales for many years. It’s expected that Toyota will enter the EV market soon and that may add a boost to the stock price.
Porsche Automobil Holding SE (POAHY)
When looking for automotive stocks that are highly diversified, you’ll love what you find with Porsche Autmobil Holding SE. This company is the holding company of Volkswagen Automotive Group which includes more than a dozen brands that we know and admire. Having shares in this stock means you’re invested in several brands and in the entire group. This is a diversified stock in one package to give you excellent value in the market.
Ford Motor Company (F)
Ford is a market-setting automaker with operations all over the world. We see Ford adding electric and automated vehicles to the lineup to give us more variety regardless of the market. Pickup trucks and commercial vehicles are a cornerstone of what Ford has to offer. If you’re looking for a long-term investment, you can’t go wrong putting your money into Ford stock.
XPeng Inc. (XPEV)
XPeng Inc. is based in China and sells electric vehicles under the G3 and P7 names in the largest automotive market in the world. This company is relatively new, starting operations in 2015, and is currently one of the top automotive stocks for you to invest in. For the past few years, the stock price has increased, and it doesn’t seem like this company is going to slow down any time soon.
General Motors (GM)
Another one of the largest automakers in the world is General Motors. This company is one that has been at the cornerstone of the industry since the early days of cars and trucks. GM is one of the largest companies in the world, and they have launched a number of new vehicles in the past few years to give us advanced technology. You’ll be glad to have the steady growth of profits that come with investing in General Motors.
Honda Motor Co. (HMC)
How many items do you own that have the Honda name on them? When you look around and realize this company makes not only cars and SUVs but also generators, motorcycles, lawnmowers, and other powered products, you’ll see why you should invest in Honda. You’re searching for the right automotive stocks to grow your money, and Honda can certainly give you the profits you’re looking for every quarter.
Ferrari NV (RACE)
Grab some excitement in your investment portfolio and let Ferrari be the small Italian sports car company you invest in, where you can enjoy the success of the cars that are offered. This company has many years of racing success, superb supercar offerings, and impressive powertrains that give you the racing feeling you’ll love. Let this company become part of your investments, and you’ll have a reason to pay closer attention to what’s going on with Ferrari.
NIO Inc. (NIO)
If you’re looking for one of the automotive stocks that offer an innovative business model, NIO is the stock for you. This company offers electric vehicles in China and has been one of the leading names in the company for the past several years. With strong profits and continued growth, you can’t go wrong when you put your faith in this EV company.
Tesla (TSLA)
In the world of premium to luxury electric vehicles, Tesla is the world leader. Not a single vehicle that comes out of the Tesla plants is powered by anything other than electricity. Tesla has had strong sales around the world and continues to be a company that many are happy to invest in. You can become one of these people and enjoy the growth and profits that are faithfully coming from the mind of Elon Musk and the advancements of technology that Tesla has led for many years.
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