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BUY
All large legacy companies are moving into EVs. Remains to be seen how they'll execute. With ETFs like CARZ or DRIV, you can buy a basket. Both are outperforming GM by a fair margin. Keep in mind, consumer discretionary has recently underperformed a little bit. He likes the auto sector, and has played it with these ETFs.
E.T.F.'s
PAST TOP PICK

(Top Pick Feb 29/16, Up 3.75%) Automakers and parts. We have peak auto sales and record results. But the stocks have not been outperforming, so that is a sign you should exit the position.

E.T.F.'s
TOP PICK

From 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.

E.T.F.'s
PAST TOP PICK

(Top Pick Mar 13/14, Up 0.29%) Didn’t do much this year. Sell it.

E.T.F.'s
COMMENT

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.

E.T.F.'s
TOP PICK

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.

E.T.F.'s
BUY

Has pretty good support at around $38. Car companies have done extremely well in 2013. This should continue in 2014 but will continue as much as it did in the previous year. Holds about 30% Japanese, 20% Germany, 18% in the US and 4% in China. Volkswagen is a big part in this ETF.

E.T.F.'s
COMMENT

It makes sense to look at a basket of auto companies. The trouble with this ETF is that it is Cap rated. He likes this. A lot less risky to buy an ETF then to buy an individual car company.

E.T.F.'s
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First Trust NASDAQ Global Auto Index Fund(CARZ-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for First Trust NASDAQ Global Auto Index Fund is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

First Trust NASDAQ Global Auto Index Fund(CARZ-Q) Frequently Asked Questions

What is First Trust NASDAQ Global Auto Index Fund stock symbol?

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

Is First Trust NASDAQ Global Auto Index Fund a buy or a sell?

In the last year, 1 stock analyst published opinions about CARZ-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for First Trust NASDAQ Global Auto Index Fund.

Is First Trust NASDAQ Global Auto Index Fund a good investment or a top pick?

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.

Why is First Trust NASDAQ Global Auto Index Fund stock dropping?

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.

Is First Trust NASDAQ Global Auto Index Fund worth watching?

In the last year, there was no coverage of First Trust NASDAQ Global Auto Index Fund published on Stockchase.

What is First Trust NASDAQ Global Auto Index Fund stock price?

On 2021-10-22, First Trust NASDAQ Global Auto Index Fund (CARZ-Q) stock closed at a price of $62.74.