{"id":2095,"date":"2021-07-13T02:36:30","date_gmt":"2021-07-13T02:36:30","guid":{"rendered":"https:\/\/automarketwatch.com\/?p=2095"},"modified":"2022-06-17T18:03:38","modified_gmt":"2022-06-17T18:03:38","slug":"rearview-mirror-choosing-stocks-for-the-third-quarter","status":"publish","type":"post","link":"https:\/\/automarketwatch.com\/index.php\/2021\/07\/13\/rearview-mirror-choosing-stocks-for-the-third-quarter\/","title":{"rendered":"Rearview Mirror: Choosing Stocks for the Third Quarter"},"content":{"rendered":"

We offer a weekly look into some of the automotive-related stocks to review the performance and give you a glimpse into price movement.<\/strong><\/em><\/p>\n

It\u2019s time for us to take a look at a new group and follow them for the third quarter of the year and give you their path in the market each week.<\/p>\n

Toyota Motor Corp (TM)<\/h2>\n

Toyota is the world\u2019s most valuable auto company and it continues to be one of the most popular and respected in the industry. Use this stock as a barometer for the rest or simply realize that Toyota is likely to be one of the stocks that you should always invest in. Either way, we\u2019re going to continue to follow Toyota and see where the price moves for the third quarter.<\/p>\n

General Motors (GM)<\/h2>\n

Many times, the performance of the GM price will do better than some entire markets. This is one of the largest automakers in the world and they are investing heavily in electric vehicles and hybrid technology for the future. We\u2019re going to continue to keep an eye on GM and let you know how this stock performed every week<\/a><\/strong> so that you can see how this giant is doing.<\/p>\n

Honda Motor Co. (HMC)<\/h2>\n

Another of the names you know and admire is Honda. The Honda Motor Co. has spent almost all of its time in direct competition with Toyota, but Honda has a few other things going for it. This company is extremely popular and profitable and they make more than just the cars you see. We\u2019ll continue to see how Honda performs each week and let you know if this is a smart place to put your money.<\/p>\n

Ford (F)<\/h2>\n

Ford is in the early stages of growth and transition with a great \u201cglobal redesign\u201d initiative and we already see new models coming out of this brand. With these new models, this company could move up or down quickly based on where sales are expected to be each month. We\u2019re going to keep an eye on Ford and remind you that this is one of the most affordable stocks you can invest in as a legacy company.<\/p>\n

NIO (NIO)<\/h2>\n

NIO is the leader of EV sales in the Chinese market and is one of the top-performing companies in the entire stock market. We\u2019ve been following NIO all year and will continue to do so. There may be much more upside ahead for this company as more EV models are being sold and the world embraces the need<\/a><\/strong> to drive electric cars on the road.<\/p>\n

Ferrari (RACE)<\/h2>\n

Even though Ferrari is one of the smallest automakers in the world, the stock price has been outperforming entire markets to give us an interesting stock to follow. Besides, when you think of Ferrari and its ticker name, RACE, you\u2019ll get excited and realize we\u2019re putting a little bit of fun into the numbers that you want to see and enjoy every week. Let\u2019s see where this stock takes us this quarter.<\/p>\n

XPeng (XPEV)<\/h2>\n

A newcomer to our Rearview Mirror series is XPeng. This company is one of the leading Chinese EV automakers and it has been recently added to the NYSE to give us a rather new stock to follow. The third quarter of the year seems a fitting time to begin to follow this company and see if it becomes one of the auto stocks that you should think about when you\u2019re looking for an excellent investment.<\/p>\n

Magna (MGA)<\/h2>\n

One of the auto stocks we will follow that isn\u2019t an automaker is Magna. This company supplies parts and supplies for various automakers and could be a major player in the market during the third quarter. We\u2019ll get to take a ride along with Magna to see where their stock goes and how the price moves every week. This is just one small look outside of the world of automakers to the suppliers.<\/p>\n

CarMax (KMX)<\/h2>\n

Adding a used car retailer to the mix, CarMax is expected to perform extremely well this quarter. This is one of the few companies selling exclusively used cars that found a way to transition from traditional retail sales to online sales during the COVID-19 pandemic. We\u2019ll get to see how the price of CarMax moves and how it\u2019s impacted by factors that impact the stocks of the automakers on our list.<\/p>\n

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