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Nervous markets await NvidiaFrom February into April has been a good time to be moving into the auto sector, because that is when most cars are sold. Chart shows a little bit of a bottom at around $30, but this could potentially move back up to $38 over the next few months. This has been a strong seasonal trade at about 8.5% average, 76% of the time.
Auto sector has done extremely well. Sales in 2013 were hitting all-time highs. Still a little concerned about that. This ETF will have over 50% of it in Germany and Japan and probably 26% will be composed of Daimler, Honda and Toyota. Because there had been such great car sales, the average car on the road now is 11 years. Much prefers car part manufacturers, but unfortunately there are no ETFs for this area. If the global economic recovery continues, car stocks will go higher, but he thinks we need to be a bit more cautious here.
Holds about 38 different global auto companies. You simply buy this ETF when people are buying cars, in the springtime. Currently, the chart shows that this is moving sideways, so it is not there yet. This has been delayed because of weather. He is expecting this is going to change within the next 2-3 weeks. When there is a breakout above the $40.60 level, it will be off to the races. Seasonality for the sector is very strong and runs from around now, right through until around April, and on average, the index goes up about 9% for a 2 month period.
First Trust NASDAQ Global Auto Index Fund is a American stock, trading under the symbol CARZ-Q on the NASDAQ (CARZ). It is usually referred to as NASDAQ:CARZ or CARZ-Q
In the last year, there was no coverage of First Trust NASDAQ Global Auto Index Fund published on Stockchase.
First Trust NASDAQ Global Auto Index Fund was recommended as a Top Pick by on . Read the latest stock experts ratings for First Trust NASDAQ Global Auto Index Fund.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of First Trust NASDAQ Global Auto Index Fund published on Stockchase.
On 2025-05-07, First Trust NASDAQ Global Auto Index Fund (CARZ-Q) stock closed at a price of $53.21.