Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Auto ETFs On The Rise After Strong Sales Data

By: ETFdb
After a disappointing jobs report came out, with the market falling along with its release, Tuesday’s auto sales data were one of the few strong points in the U.S. market. Ford, General Motors and Toyota carried the blue chips through the day after beating analyst expectations. Even with a poor jobs report, when Monday’s ISM data is combined with the auto report, it points to an improving economy [see S&P 500 Visual History]. U.S. Auto Sales Exceed Expectations The total vehicle sales report, compiled by Motor Intellegence, came in slightly above analyst expectations after a disappointing May report. Coming in at 15.3 million sales in June, analysts were surprised after the massive jump in sales after May only brought in 14.9 million. June’s numbers are back in line with 2013′s previous reports. Forecasters are already speculating sales for July after June’s unexpected recovery, expecting to hold sales steady if not increase slightly Consider [...] Click here to read the original article on ETFdb.com. Related Posts: 25 Wild ETF Charts From 1H 2013 Why Your Auto ETF Is Missing Out On Tesla’s (TSLA) Rally 7 Cyclical Industry ETFs You Need To Own In This Bull Market ETF Insider: Data Heavy Week Could Spur Volatility 3 Economic Charts Bears Love To Ignore
After a disappointing jobs report came out, with the market falling along with its release, Tuesday’s auto sales data were one of the few strong points in the U.S. market. Ford, General Motors and Toyota carried the blue chips through the day after beating analyst expectations. Even with a poor jobs report, when Monday’s ISM data is combined with the auto report, it points to an improving economy [see S&P 500 Visual History]. U.S. Auto Sales Exceed Expectations The total vehicle sales report, compiled by Motor Intellegence, came in slightly above analyst expectations after a disappointing May report. Coming in at 15.3 million sales in June, analysts were surprised after the massive jump in sales after May only brought in 14.9 million. June’s numbers are back in line with 2013′s previous reports. Forecasters are already speculating sales for July after June’s unexpected recovery, expecting to hold sales steady if not increase slightly Consider [...]

Click here to read the original article on ETFdb.com.

Related Posts:

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.