Mark to Market
Mark to Market
Mint - HT Smartcast
116: Auto stocks cheer Nov sales data, but valuations leave less margin of safety
6 minutes Posted Dec 3, 2020 at 8:17 am.
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Auto stocks have shown sharp gains in anticipation of positive data in November. Auto sales from passenger vehicles to commercial vehicles are growing fast and much of this is already priced in. It means that any negative surprises may hurt investor sentiment.
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