Month: September 2020

Automotive industry rebound falters in August as sales slip

The U.S. auto industry took yet another tumble in August. Those manufacturers who still announce their sales figures at the end of each month reported declines pretty much across the board. Per industry analysts, transaction prices slipped slightly in August compared to July as well, despite a nearly 4-percent increase over last year’s average. There were two fewer selling days in August this year, contributing to reported declines. 

Toyota on Tuesday reported a 23% drop in U.S. new vehicle sales in August versus the same month in 2019, as a two-month industry-wide shutdown of auto production in the spring to halt the spread of COVID-19, as well as an uncertain economic recovery, weighed on sales. This was Toyota’s fifth straight month of U.S. sales declines.

South Korean automaker Hyundai said its U.S. sales fell 8.4% in August, largely due to a decline in fleet sales to rental car companies, government

Read More

4 Undervalued Strong Buy Stocks to Snap Up Today

Sometimes, it pays to remember that the markets are always, ultimately, rational.” data-reactid=”12″Sometimes, it pays to remember that the markets are always, ultimately, rational.

Which basically just means that good news is rewarded and bad news is punished.” data-reactid=”13″Which basically just means that good news is rewarded and bad news is punished.

So when there’s good news flowing in, you’ll typically see shares continuing to rise as more and more people find out. Conversely, when there’s some bad news, you’ll find more and more people jumping out of a stock as they find out.” data-reactid=”14″So when there’s good news flowing in, you’ll typically see shares continuing to rise as more and more people find out. Conversely, when there’s some bad news, you’ll find more and more people jumping out of a stock as they find out.

This kind of behavior creates momentum in share

Read More