Shares Soar But Valuations Still Attractive
Most of the auto industry stocks have surged over the past year. There’s no doubt that if you had bought in 2012 you’d be better off than getting in right now. But valuations are still solid and strong earnings growth is expected for the second half of 2013 and into 2014. Global auto sales are expected to rise again next year, especially as Europe recovers. It’s not too late to get into the auto story.
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