Best Auto Stocks to Buy Now: Analysts
What's the state of the auto industry and should investors be looking to auto stocks?
Investing in the auto sector was the topic Tuesday on CNBC for David Silver, equity research analyst at Wall Street Strategies and Michael Ward, auto analyst at Soleil Securities.
Both say they like Ford , which released better than expected earnings Tuesday. Silver said he lied that the automaker is cutting debt and that it's growing extremely well in terms of overseas markets.
Ward say he also liked AutoNation as well as BorgWarner .
Silver did say that he didn't think auto sales in general would pick up for the rest of 2010 and that they would probably remain flat in 2011.
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Disclosure information was not available for Silver or Ward or their companies.