DaimlerChrysler and Toyota
CHICAGO--(BUSINESS WIRE)--July 6, 2006
Zacks.com announces the list of stocks featured in the
Analyst Blog. Every day, the Zacks Equity Research analysts discuss
the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include: General Motors
(NYSE:GM), Ford (NYSE:F), DaimlerChrysler (NYSE:DCX) and Toyota
See the latest posts to the Analyst Blog by visiting:
Here are highlights from Wednesday's Analyst Blog:
Saudi Crude Production Falling
Apparently the story coming from the technical experts in the oil
fields is very different than the story coming out of the political
types in the royal family and the oil ministry. The ministry says it
can boost capacity by 25% in two or three years, when there has been
no ability to increase it at all over the last two years despite
record prices. The technical types are saying that it will take fairly
heroic measures to keep production flat.
My bet is that the technical types have it right. If the
incremental oil to meet growing demand does not come from Saudi
Arabia, it is hard to see where it will come from. If so, the bull
market in oil is only beginning and we are unlikely to ever see $50
oil again, not in our lifetimes, our children's or our
grandchildren's. In other words, peak oil maybe happening even sooner
than I had thought, and I have been on the relatively pessimistic
side. I hope I am wrong, but fear I am right.
On the Road Again...
June automotive sales released today confirmed the basic trends
that have been present for the past several months: U.S. producers are
losing market share. Overall U.S. sales declined 10.5% in June and are
down 2.4% YTD, due to the negative effect of higher interest rates.
General Motors (NYSE:GM) sales fell 26% in June and are down 12.3%
YTD. Ford (NYSE:F) sales are down 7.1% in June and down 4.1% YTD, with
Explorer and Expedition sales being particularly weak. The Mustang and
Fusion kept the decline from being worse. SUV sales were weak at both
companies due to higher gas prices. DaimlerChrysler (NYSE:DCX) sales
were down 13.2% in June and down 3.3% YTD. Comparisons were all
affected by the positive impact of employee-pricing plans one year
Toyota (NYSE:TM) sales were up 14.4% in June and up 9.8% YTD due
to high gas prices and strong sales of Toyota Corollas, Camrys and
Yaris. Toyota sales passed DaimlerChrysler sales for the third month
in a row.
See the latest posts to the Analyst Blog by visiting
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