Auto Stocks Look Attractive as Sales Rebound: John Dorfman
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Ford Motor Co. has risen 68 percent this year, more than any stock in the Dow Jones Industrial Average, which hasn’t had an automaker in it since General Motors Corp. was kicked out in 2009.
If you think auto companies are has-beens, it’s time to reconsider. Vehicle sales in the U.S. are climbing fast, albeit from a low base. The despairing refrain that consumers won’t buy cars without a tax incentive like the cash-for-clunkers program has proven to be unfounded.