Q3 Return: +29%
YTD Return: +48%
Investor: Charles Sizemore
Luxury automaker Daimler (DDAIF) clobbered the competition over the last three months with a nearly 30% return, and is clubbing the competition overall as a result. Year-to-date, DDAIF has a mouth-watering 48% total return.
In late July, management said Europe’s car market was likely at a bottom and that earnings in the second half of 2013 would be “significantly better” than they were in the first half. And it’s not like they were terrible so far. Daimler posted a profit that nearly doubled year-over-year in Q2.
Investors have fed on the optimism and bid shares of DDAIF up big-time in recent months. And despite its run, Daimler still yields a solid 3.8%.
Sizemore says the road is wide open for Daimler, thanks to an apparent end to the bottoming in the important market of China, as well as stabilization taking hold in Europe.
DDAIF might have to keep climbing if it wants to take home the top spot, though. Sizemore’s 2012 pick, Turkcell (TKC), was leading in the last few days of the 2012 contest before being edged in its final hours.
Stay tuned to see how the final lap unfolds.
As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.