This year is expected to be the best for domestic new car sales since 2006, the year before the recession began. The increase in buyer activity has been large enough that several car and light truck brands only stay on the lot for a few days. Based on data from Edmunds, 24/7 Wall St. has compiled a list of the most oversold vehicles. Cars that manufacturers cannot keep in stock and why.
As always, here are the top major media headline summaries from WSJ, FT, Bloomberg, and more. Today’s top analyst upgrades and downgrades were in shares of MO, AVP, CE, LFC, EL, FITB, GE, MIND, VRTX, YHOO, YUM and GRPN. Here are the top rumors of the day. The most important financial developments that will affect the day ahead ( Corzine charges, Apple founding).
The move to ban cellphone use driving.
Avon Takes 24/7 Wall St. Advice–Sacks CEO: A look at the board of Avon and why it acted too late.
Best Buy’s CEO is likely the next big cap chief executive to go.
OPEC’s decision to keep production as is may be the most sensible one it can make financially.
Have a great day!
JON C. OGG