Market Overview

Start Your Engines: Automaker Winners And Losers In 2014

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Following May Auto figures, a closer look at the stock action on six automakers reveas clear winners and losers year-to-date.

While 2014 is not quite halfway over just yet, it will be interesting to see how these automakers perform in the second half of the year.

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Can The “Winners” Maintain The Lead?

As of June 9, Ford (NYSE: F), Tesla (NASDAQ: TSLA) and Tata Motors (NYSE: TTM) have seen the greatest gains in share prices. Ford is up 10 percent, Tata Motors is up 34.97 percent and Tesla is up a whopping 36.78 percent from January 2.

In a report published May 30, Morgan Stanley Asian/ Pacific sector analyst Binay Singh remarked that shares of Tata Motors will likely fall over the following 15 days. Singh wrote that there is an 80 percent probability that shares will underperform following the company's weaker-than-expected performance in JLR and India.

Related Link: Jefferies Initiates Coverage Across The Beverage Sector

Despite a reasonable expectation following disappointing results, Tata's shares have continued to climb as much as 6.58 percent from the analyst's report.

In addition, May auto sales for Ford were strong. May sales were up three percent versus the average analyst estimate of a 0.2 percent decline.

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Investor Concerns Outweigh Analyst Confidence

Shares of Toyota (NYSE: TM), General Motors (NYSE: GM) and Honda (NYSE: HMC) are down 4.6, 10.87 and 13.98 percent, respectively, from the beginning of 2014.

Despite better-than-expected retail sales number in May, anxiety over vehicle recalls and earnings continue to weigh on shares. Shares of General Motors have regained some traction following analysts' optimism on the company following CEO Mary Barra's remarks and company guidance.

Shares of General Motors and Honda have traded relatively closely year-to-date. Shares of Honda dropped further at the end of April through the beginning of May following earnings.

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Posted-In: auto sales automakers retail salesLong Ideas Short Ideas Trading Ideas Best of Benzinga

 

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