September Auto Sales Roundup
The SAAR increased by nearly one half of one million units month-over-month. Let’s dig into the results.
VLKAY
August Auto Sales Rebound in a Big Way
The US auto market continues to expand at a nice clip. Some estimate the August SAAR at a healthy 14.5 million units. We dig into the results.
AutoNation and Volkswagen Report Good News
Car dealer AutoNation reported fantastic results for June and its second quarter. German auto manufacturer Volkswagen will finally acquire the rest of Porsche.
Strong Auto Sales Continue in June
Sales in the US remained strong throughout June. We think SAAR will remain above 14 million units for the remainder of 2012.
Ford’s North American Story Is Intact But Challenges Remain
We still like Ford, but we think shares of the automaker will be challenged in the near term.
O’Reilly Automotive Tumbles Toward Our Fair Value Estimate
Shares of the auto-parts retailer dropped after the firm said June was a weak month and that softness would continue. We now think the shares are fairly valued following their steep drop. Our fair value estimate remains unchanged.
Digging Into May Retail Sales: Were They Actually Bad?
May retail sales were down 0.2% from April, but up 5% from May 2011. We think investors should remain focused on the big picture.
Euphoria Running Rampant: Investigating Some of the Hottest Names Around
Image Source: Tesla Roadster As we march forward in what Morgan Stanley has dubbed a bull market of “epic proportions,” euphoria appears to be at levels perhaps not seen since the dot-com bust of the early 2000s. Let’s take a look at some of the “hottest” names on the market. By Kris Rosemann and Brian Nelson, CFA Earlier this month, Ireland (IRL, EIRL) borrowed five-year paper at a -0.008% (negative 0.008%), meaning that the country is being paid to borrow. If you recall, we penned a piece in April 2016, that commented on an obscure article in the Journal where a Danish couple was being paid interest on their mortgage (that’s right – they are being paid interest, not paying … Read more