Automobiles

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Palladium and precious metals-related exchange traded fund shined Tuesday after the European Automobile Manufacturer’s Association revealed the European Union car industry registered its second best monthly sales this year. The ETFS Physical Palladium Shares (NYSEArca: PALL) rose 3.6% Tuesday. PALL, though, has declined 32.0% this year. The palladium spot price was up 3.1% mid-Tuesday, trading […]

While the U.S. auto industry may begin to taper off, foreign automobile makers could pick up the slack on a weaker U.S. dollar, supporting the global auto-sector exchange traded fund. The First Trust NASDAQ Global Auto Index Fund (NasdaqGM: CARZ), which provides access to global automobile manufacturers, rose 11.9% over the past three months and […]

The automobile exchange traded fund could be shifting into high gear, with the car industry recently revealing their best two-month period of U.S. sales in 15 years. The First Trust NASDAQ Global Auto Index Fund (NasdaqGM: CARZ), which provides access to global automobile manufacturers, increased 8.2% over the past month and is up 0.8% year-to-date. […]

Despite the ongoing Volkswagen debacle, the automobile industry and sector-related exchange traded funds are rebounding after auto sales accelerated in September. The First Trust NASDAQ Global Auto Index Fund (NasdaqGM: CARZ), which provides access to global automobile manufacturers, rose 1.0% Thursday. CARZ, though, has declined 9.8% year-to-date. Automobile stocks were gaining momentum Thursday after General […]

Palladium prices and commodity-related exchange traded fund surged to over a two-month high Wednesday after China pledged drastic measures to cut emissions and confidence in diesel engine vehicles was tainted in the wake of the Volkswagen fallout. The ETFS Physical Palladium Shares (NYSEArca: PALL) rose 5.8% Wednesday, jumping over its 50-day simple moving average. PALL […]

The Volkswagen AG’s emission-test scandal put automobile industry and related exchange traded funds in reverse gear Tuesday. The First Trust NASDAQ Global Auto Index Fund (NasdaqGM: CARZ), which provides access to global automobile manufacturers, dropped 4.0% Tuesday. Auto stocks retreated Tuesday, with Volkswagen stocks plunging 20%, after the German automaker revealed irregularities in diesel-output readings […]

U.S. automobile sales over the past six months have been the best in five-years, potentially signalling greater momentum in the auto industry and sector-related exchange traded fund. The First Trust NASDAQ Global Auto Index Fund (NasdaqGM: CARZ), which provides access to global automobile manufacturers, rose 5.8% year-to-date. The largest automakers saw improved U.S. car sales […]

After a lackluster first quarter, the U.S. economy could pick up steam, and investors can capitalize on the faster growth through cyclical stocks and sector-related exchange traded funds. “As earnings move slowly higher, the market should generally rise in that direction,” David Kostin, chief U.S. equity strategist for Goldman Sachs, said on CNBC. “So from […]

The car industry and automobile-related exchange traded fund could pick up speed as rising employment, low financing rates and now cheap gas prices help entice greater big-ticket purchases. The First Trust NASDAQ Global Auto Index Fund (NasdaqGM: CARZ), which provides access to global automobile manufacturers, is up 0.5% year-to-date and 5.4% higher over the past […]

The U.S. economy will strengthen from falling crude oil prices as consumers are left with more spending money to spread around, with airline, automobile and retail sector-related exchange traded funds to likely benefit the most. “Low oil prices, which in turn have sent gas prices lower, are great news for the overall economy,” Anthony Grisanti, […]

The ongoing volatility in South Africa and improved car sales are bolstering exchange traded funds that track platinum group metals, with platinum moving toward a 10-month high and palladium touching a two-week high. The ETFS Physical Palladium Shares (NYSEArca: PALL) was up 1.2% Tuesday, while the ETFS Physical Platinum Shares (NYSEArca: PPLT) was 1.5% higher. […]

Winter storms across the U.S. are having a crippling effect on the economy, with some sector exchange traded funds slowing down as businesses come to a standstill. The unruly weather system has closed schools and business, made driving treacherous and cancelled thousands of flights. Analysts warn that the raging winter storm could further pressure the […]

As the government standoff drags on, anxious consumers will hold on off big ticket items, putting the breaks on the automobile industry and the related exchange traded fund. John Krafcik, chief executive officer of Hyundai Motor Co. U.S. sales unit, estimates that the damaged consumer confidence and growing anxiety could drag down October new-vehicle sales […]

An automobile related exchange traded fund is at full throttle as low-interest loans, an improving economy and pent-up demand help drive record car sales. The First Trust NASDAQ Global Auto Index Fund (NYSEArca: CARZ) rose 1.7% Wednesday. CARZ is up 26.4% year-to-date. General Motors Co., Ford Motor Co. and Chrysler Group all revealed double-digit sales […]

Large auto producers experienced double-digit sales gains in July, revving up a car industry-related exchange traded fund. The First Trust NASDAQ Global Auto Index Fund (NYSEArca: CARZ) rose 2.7% Thursday. CARZ has gained 25.6% year-to-date. Toyota (NYSE: TM) lead July sales with almost a 16.5% increase, followed by General Motors (NYSE: GM) at 16%, and […]

Beating Wall Street expectations, retail sales increased in May, driven by stronger automobile purchases, and helped support retail sector exchange traded funds Thursday. The SPDR S&P Retail ETF (NYSEArca: XRT) gained 1.2% Thursday. The ETF is up 23.3% year-to-date, compared to the 14.2% gain in the broader S&P 500 Index. [Cyclical Sector ETFs Can Perform […]

The automobile market is tuning up evidenced by the First Trust NASDAQ Global Auto Index (NYSEArca: CARZ) trending higher over the past three months. The exchange traded fund gained 22%, while the broad-market SDPR S&P 500 (NYSEArca: SPY) gained 6% over the same time period. “The U.S. SAAR (seasonally adjusted annual rate of sales) rose […]

The auto industry revved up in June as pent-up demand, low interest rates and retail deals lured in consumers. The focused exchange traded fund Global X Auto ETF (NYSEArca: VROM) may be able to get out of the red as consumers begin to purchase big ticket items. “There are a lot of used cars out there and […]

Analysts are expecting the U.S. auto industry to grow between 4% and 9% this year. Will pent-up demand for cars send related shares and exchange traded funds higher? “We see an exceptionally competitive market because there are now eight major manufacturers vying for market share,” Tom Libby, senior analyst at Polk automotive consulting firm, said. […]

Earlier this year two exchange traded fund providers launched strategies that allow investors to concentrate on the global automotive industry. Specifically, Global X launched Global X Auto (NYSEArca: VROM) and First Trust introduced First Trust Nasdaq Global Auto (NasdaqGM: CARZ) back in May of this year. Broadly a sub-sector of the consumer discretionary equity sector, […]

Global X Funds has listed its own exchange traded fund targeting the global auto industry just a little over one week after First Trust launched the world’s first auto ETF. The Global X Auto ETF (NYSEArca: VROM) tries to reflect the performance of the S-Network Global Automotive Index, which is a modified capitalization-weighted index that […]

First Trust is the first fund provider to offer an exchange traded fund (ETF) focusing on the automobile industry. According to ETFGuide, the newly launched First Trust NASDAQ Global Auto Index Fund (NasdaqGM: CARZ) will try to reflect the performance of the NASDAQ OMX Global Auto Index, which uses a modified market-cap weighting methodology. The […]

Exchange traded funds (ETFs) edged higher at the open on Tuesday as Wall Street extended its advance on strong corporate earnings and more belt-tightening from China. China’s central bank raised interest rates for the second time in just over a month in a bid to dampen high inflation and guide blistering economic growth to a […]

The U.S. auto industry returned to profitability last year and sales are expected to surge higher this year. Though there is currently no automobile exchange traded fund (ETF) available, that won’t stop you if you want to get exposure to this comeback story. U.S. auto sales could increase by 12.9 million cars this year, with […]

After a painful spell that nearly saw the collapse of the industry, things seem to be looking up for the auto sector. There’s no exchange traded fund (ETF) to directly play the bullish sentiment, but there’s an alternative. Jerry Greenwald, former chairman of Chrysler, remarked that the General Motors (NYSE: GM) has good balance sheets […]

Positive earnings from Alcoa (NYSE: AA) and CSX (NYSE: CSX) have given investors a reason to believe in the economic recovery and oil exchange traded funds (ETFs) a reason to surge in early trading. Both Alcoa and CSX notched better-than-expected second-quarter profits, sending the Dow up more than 140 points in early trading. Both companies […]

Direxion has until now been known for its leveraged and inverse exchange traded funds (ETFs) particularly those of the triple-leveraged variety. But the provider may soon be branching out into some interesting straight plays on the market. The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to […]

The good news this morning wasn’t enough to outweigh the bad. Despite improving factory orders and demand for home loans, exchange traded funds (ETFs) couldn’t surmount a jobs report that left people wanting more. The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on […]

Even before the platinum and palladium exchange traded funds (ETFs) came along this year, the metals were strongly in demand for uses in industry and jewelry. The new funds could help usher in a new climate of resilience in the metals’ prices. The opinions and forecasts expressed herein are solely those of Tom Lydon, and […]

The auto industry and sector-related exchange traded funds (ETFs) have shown significant gains as a result of higher sales numbers. However, American consumers aren’t buying like they used to, and some don’t think sales numbers of yesteryear will return anytime soon. The opinions and forecasts expressed herein are solely those of Tom Lydon, and may […]