For those of you who received my Investor Brief e-letter on Monday, I wanted to follow up on the key items we were keeping an eye on this week and also mention a couple of other important developments.
For as long as I've been covering the auto industry, I've seen some variation of this story on a regular basis. Every so often, there is a survey that shows a growing percentage of car buyers would be willing to consider sliding behind the wheel of a Big 3 car. Despite these encouraging reports, the Big 3 market share continues to slide.
While most of us fixate upon GM gaining or losing market share here in the U.S., the company's success in China is a huge story that deserves more attention. Especially when you look at the latest report. In August, GM doubled sales in the country, selling more than 152,000. And this year GM's China sales are up 49% with 1.11 million vehicles sold.
Stocks started September, a typically bad month for the market, with a sharp selloff amid worries about more bank failures and the fact that the market may have gotten ahead of the recovery.
As expected, several auto makers posted their best monthly sales of the year as the industry report August results. The sales pace is expected to be close to 15 million thanks to Cash for Clunkers bringing in throngs of buyers. But for individual auto makers the results were wildly different.
Stocks fell Tuesday and investors wonder if the decline will continue. So are markets in for the much-expected pullback? William Greiner, CIO of Scout Investment Advisors and Scott Redler, chief strategic officer at T3live.com shared their insights.
Stocks resumed their descent Tuesday after a brief pop from a better-than-expected ISM report on manufacturing.
General Electric shares have risen more than 85 percent since hitting their March bottom, and Steven Winoker of Sanford C. Bernstein & Co. said he thinks the stock's upward trend will continue.
Stocks sold off after 10 AM ET...even though economic news came in better than expected, government incentives continue to make it difficult to gauge true demand.
Wal-Mart's presence in the online marketplace will add competition for sites such as Amazon and eBay, but it's too soon to say whether it will significantly impact the established online retailers, said Imran Khan, Internet analyst at JPMorgan.
Stocks rebounded from a lower start Tuesday after the ISM reported manufacturing moved into expansion mode for the first time since January 2008.
When auto makers report August sales later today, don't be surprised by the whopping numbers they put up.
Talk of a September downturn is all over the Street, but that was the way it was at the start of August too: Bulls and Bears were expecting a pullback, and despite several weak intraday sessions in the beginning of the month, and one weak close in mid-August, it never happened.
Stocks pulled back Monday as a major selloff in China sent oil prices lower and dragged on the US market.
Stocks pulled back Monday as a major selloff in China set the stage for a rough day on the US markets. In the day's only economic news, business activity in the Midwest picked up at a faster pace than economists had expected. It was the highest reading since September 2008. Read and listen to what the experts had to say...
How is this last trading day of August going to setup the markets for a traditionally weak September? Alan Valdes, vice president at Hilliard Lyons and John Lynch, chief market analyst at Evergreen Investments shared their insights.
These are fun days at Ford. After staring bankruptcy in the eye and surviving a horrific slump in sales, the auto maker is rolling. Sure, it's not yet back in the black, but it has the big "MO". It's adding production, cutting losses, and is in the sweet spot of new product cadence with models like the Edge and Taurus bringing back buyers.
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At this point, stock index futures are pointing to modest gains at the open on Friday, as most markets in both Asia and Europe rose, with investors awaiting more macroeconomic data for clearer near-term market direction.
A top Ford executive expects industry-wide U.S. auto sales to rise for the first time in more than two years this month, thanks largely to the government's Cash for Clunkers program.