Best of the Auto Sector: Fiat-Chrysler (NYSE:FCAU) and Ferrari (NYSE:RACE)
$RACE, $FCAU, $GM, $F, $TSLA
Fiat-Chrysler with a nearly 90% rise was the Winner for 2017.
Ferrari (NYSE:RACE) was 2nd, posting an 80% return.
On the year Fiat-Chrysler (NYSE:FCAU) rose from about 10 to 18, while Ferrari rose from about 60 to 104.84 at the close of Y 2017 after marking a high in November of 116ish..
Ford was the laggard, +5% on the year. FoM0Co investors may see Ford shares at 13 as attractive relative given the potential for upside in Y 2018. The company has a nearly $40-B war chest on its balance sheet.
Note: GM’s 4% dividend payment into account, its 21% return was appealing for risk-averse investors.
Based on the hype from CEO Elon Musk, one might have thought that EV maker Tesla (NASDAQ:TSLA) would have turned in the best stock-market performance in Y 2017. Tesla rose at the beginning of Y 2017 and almost broke the 400 mark. Its market cap passed Ford and Fiat-Chrysler.
Tesla finished up over 40% on the year.
The year ahead could continue to see a strong overall stock market.
For the mainline car makers US sales could fall below a 17-M pace for the 1st time in 3 years, according to sector analysts, but a tougher US market could weaker stock returns.
That is except for the iconic Italian luxury supercar maker and F1 racing standout Ferrari.
|NYSE:FCAU||18.93||3 January 2018||0.50||18.44||19.02||18.41||6,283,184|
|HeffX-LTN Analysis for FCAU:||Overall||Short||Intermediate||Long|
|Neutral (0.21)||Neutral (0.20)||Neutral (0.19)||Bullish (0.25)|
|NYSE:RACE||107.19||3 January 2018||2.04||106.34||107.39||106.34||278,994|
|HeffX-LTN Analysis for RACE:||Overall||Short||Intermediate||Long|
|Neutral (-0.21)||Neutral (-0.19)||Neutral (0.06)||Very Bearish (-0.50)|