I know to be aware of the price anchoring, the analysts calls that are seldom right and to not just go with what a quick gut check tells me. Purely looking at PE and forward PE, along with all chips finally beginning to be put in vehicles (for those unaware many new vehicles the past 6-18 months only had some chips in them so if you bought a new vehicle good chance your heated seats did not work because the not needed competent chips were not put in due to not enough supply). I was talking to my friend who is more of an options nerd and asked their input and they just said to remember stocks are forward looking. They believe now is the time to sell any stocks in Ford, GM and Toyota simply because many analysts and CEOs/CFOs are screaming a recession is around the corner. I disagree and believe a quick glance at most of these companies past earnings, along with new vehicles finally beginning to get on the lot, along with many other factors make me believe virtually every auto manufacturer is not just a buy but a strong buy.
If anyone wants a link to the technical charts for the three auto manufactures I listed here they are:
Ford: https://finviz.com/quote.ashx?t=F&ty=c&ta=1&p=d
[link] [comments] https://www.reddit.com/r/stocks/comments/13sdtuj/am_i_correct_in_saying_auto_manufactures_ford/
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