Best of the Auto Sector: Fiat-Chrysler (NYSE:FCAU) and Ferrari (NYSE:RACE)

Best of the Auto Sector: Fiat-Chrysler (NYSE:FCAU) and Ferrari (NYSE:RACE)

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.

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.

Symbol Last Trade Date Change Open High Low Volume
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)
Symbol Last Trade Date Change Open High Low Volume
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)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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