Thursday, April 23, 2009

Goldman Sachs upgrades auto makers

Goldman Sachs upgraded US and Japanese auto makers on Wednesday (4/22):

Ford Motor Company (F) : from Neutral to Buy
Honda Motor (HMC, 7267.T) : from Neutral to Buy
Nissan Motor (NSANY, 7201.T) : from Sell to Neutral
Toyota Motor (TM, 7203.T) : from Neutral to Buy

F went to $1.01 on November 21. (Currently trading at $4.38)
HMC went to $17.35 on December 5. (Currently trading at $28.13)
NSANY went to $5.59 on February 23. (Currently trading at $10.60)

TM went to $55.41 on December 5. (Currently trading at $79.47)

Are easy trades on these stocks over? I wonder...with chatter about GM and Chrysler Chapter 11 bankruptcy getting louder by the day.

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