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Morgan Stanley moves bullish on the auto industry and picks General Motors (GM) as its top pick....

Morgan Stanley moves bullish on the auto industry and picks General Motors (GM) as its top pick. Market expectations and share prices "have fallen sufficiently" to offer an improved 12-month risk-reward outlook, the firm says, and gas prices are in a sweet spot to spur consumer buying. Automakers gain premarket: GM +1.6%, F +0.6%, TM +0.5%.
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Comments (2)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "Morgan Stanley moves bullish on the auto industry and picks General Motors (GM) as its top pick."

     

    Does this influence any investors other than to short Morgan Stanley?
    6 Jul 2011, 09:27 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3533) | Send Message
     
    What sweet spot? Gas is 33% higher than last year and 10% of the population (the unemployed) can't get an auto loan.
    6 Jul 2011, 01:08 PM Reply Like
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