As for GM and Ford, a combined 15.6% of CARZ, compelling valuations and robust sales data could lure investors back to those stocks and CARZ. Data indicate the pair are among the least expensive stocks in the S&P 500.
“Both GM and Ford appear undervalued at current levels. GM’s forward price-to-earnings ratio is 7.62, well below the S&P 500’s 17.4 ratio, while Ford’s P/E is 8.77, according to Thomson Reuters data.”
First Trust NASDAQ Global Auto Index Fund
