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business newsTrading the Auto Show: Ford, GM, Others Moving Higher
Most all of the auto-related names are moving higher during Monday's trading session, and the auto show may prove to be a significant catalyst for these stocks.
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The Detroit auto show is currently open to the press and will be open to the public from January 15 through January 23.
Most all of the auto-related names are moving higher during Monday's trading session, and the auto show may prove to be a significant catalyst for these stocks.
In the coming weeks, traders will want to keep these stocks on their radar screen as today's move may be a precursor of further gains.
It is expected that US automakers such as Ford (F) and GM (GM) will be making big statements about their dramatic comebacks from the throes of the financial crisis.
The commentary coming out of the auto show should impact names across the supply chain, and there are a number of stocks that could see substantial price volatility.
In addition to Ford and GM, keep an eye on Tesla (TSLA), BorgWarner (BWA), and Johnson Controls (JCI). Here is a look at how all of these names are performing during Monday's trading session.
Ford: +0.93% to $18.43
GM: +0.74% to $38.69
Tesla: +0.85% to $28.48
BorgWarner: +1.56% to $71.06
Johnson Controls: +1.07% to $40.79
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