(Austin, Texas). Average age of cars on the road is passing the ten year mark, making auto related stocks a bright part of the economy. Recall that auto-makers in the late 2001 and 2002, offered an aggressive marketing program of zero percent financing. That program enticed many into buying new cars. Well, ten plus years later, those cars need to be replaced. Realizing that trend, Tradista recently made the following suggestions:
Group 1 Automotive (NYSE:GPI), operator of 131 auto dealerships, was recommended on August 30, 2012 as a bullish position at $54.40. Shares were trading at the lower boundary on an upward trading channel. The position was closed today at $60.15 as shares approached the upper boundary of the said channel for a good profit of 10.6%.
Avis Budget Group (NYSE:CAR), was recommended an August 9, 2012 at $15.40 per share. The position was closed on August 27, 2012 at $17.30, for a solid return of 12.4%. The strategy of locking profits at 10% plus has allowed our portfolio (YTD) to outperform the market averages by more than 400%.
Do all of our recommendations have these kinds of returns? The answer is no but most of them do. So do your portfolio a favor and visit our web site. You will be surprised to see how easy we have made it.
For a current list of Tradista recommendations, performance and holdings, please refer to http://tradista.com/Information/PhilosophyAndPerformance
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