SLIDESHOW: 5 Prevailing Auto Stocks For The Remainder of September
September has been an uphill month for auto stocks.
The auto industry, similar to the tech industry, is always one to keep an eye out for. Vehicle boundaries and limits have yet to be crossed; they've only been suggested and hypothesized about. In this constant embarking on future innovation lies promise, trials and success, failures and alterations, but more importantly—improvement.
That is precisely why auto stocks keep us on the edge of our chairs, and seem like safe bets to go with.
There are five succeeding companies you may be familiar with. Here are the top stocks you'd want to pursue.
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The sales success of the new and improved Jaguar and Land Rover, which made big noise in the month of August, is one of the leading reasons why Tata Motors (NYSE: TTM) is outperforming competitive auto stocks. Its market cap is doubled that of their popular rival Mahindra & Mahindra.
Tata Motors gained over 18 percent in the month of September.
If that wasn't a milestone itself, the company also went on to announce that it would invest $2.4 billion in a new range of lightweight aluminum sports sedans and crossover SUVs.(Photo)
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Penske Automotive Group
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Ford Motor Co.
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General Motors (NYSE: GM) also has a dominating market cap of 54.48 billion.
The company gained five percent to reach $35.85. GM auto sales have had additional success, having jumped 14.7 percent in the month of August as well.
If it's one thing we all know to watch for, it's patterns of progression. Considering that there aren't one or two but a handful of great auto stocks that are showing development, the decision making progress is fives times less stressful.(Photo)
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The Golden Rule
Happy buying and always remember the wisest rule - not only check what a company has done, but what a company plans to do.(Photo)
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