The biggest automakers have come out with earnings and sales news this week, giving investors a better idea of the best auto stocks to buy now.
General Motors Co. (NYSE: GM) recently announced it will reinstate its quarterly dividend. Toyota Motor Corp. (NYSE ADR: TM) was the top retail brand in the United States in 2013. Tesla Motors Inc. (Nasdaq: TSLA) announced that it will be "upgrading" 30,000 Model S power adapters.
So should investors be buying any of these auto stocks today?
Money Morning's Event Trading Specialist Shah Gilani made an appearance on FOX Business' "Varney & Co." today (Wednesday) and shared the one he thinks is investors' best bet:
Drops in the stock market are inevitable - but that doesn't mean you should avoid stocks. Read more about how you can make big money in any market...
Tags: (NYSE ADR: TM), auto stocks, auto stocks 2014, Auto stocks to buy, auto stocks to buy now, auto stocks today, best auto stocks, Best Investments, Best Investments 2014, best investments today, car manufacturer stocks, car manufacturer stocks 2014, NYSE: GM, Stocks to Buy, stocks to buy 2014, Stocks to Buy Now, stocks to buy today, Tesla Motors Inc. (Nasdaq: TSLA)The post Auto Stocks to Buy Now: Here's Our Pick appeared first on Money Morning - Only the News You Can Profit From.