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First Trust NASDAQ Global Auto Index ETF (CARZ)

- NASDAQ
  • Apr. 18, 2014, 6:03 AM
    | 10 Comments
  • Apr. 7, 2014, 9:10 AM
    • Twitter's down 32% this year, Facebook's off 20% in a month, and biotech nearly that much, but money is returning to the industrial sector. While the Nasdaq 100 posted its worst one-day drop since 2011 on Friday and last week fell for the 3rd week in 4, the Industrial Select SPDR (XLI) gained 1.6%.
    • In the year's first quarter, the XLI had lost 1.4%, putting it in 9th place among 10 S&P 500 groups.
    • "You’re seeing the beginning of investors shifting money ahead of a wave of spending,” says Drew Nordlicht of HighTower Advisors. “The expectation is, as the economy begins to kick into a higher gear, corporate America will utilize the amount of cash to spend on capital expenditures."
    • GE comprises more than 10% of the XLI, and UTX, Union Pacific, Boeing, and 3M round out the top 5, each with holdings in the 5% range.
    • Related ETFs: XLI, PHO, CGW, PIO, VIS, ITA, FIW, PPA, IGF, CARZ, IYJ, XAR, IPN, EMIF, FIDU, PRN, UXI, FXR, PXR, EXI, GII, EVX, FLM, RGI, SIJ, PSCI, NFRA, TOLZ, AXID
    | Comment!
  • Oct. 31, 2013, 1:32 PM
    • WardsAuto pushes aside worries on capacity constraints to forecast Q4 car production in North America will reach a 14-year high of 4.02M units.
    • The automobile industry publication thinks Honda (HMC -0.4%), Nissan (NSANY -2.7%), and Toyota (TM -0.4%) will all set Q4 production records.
    • The forecast for the Big Three is just as promising. WardsAuto taps Ford (F -0.9%) to see its best Q4 N.A. production run since 2005, Chrysler's (FIATY) its highest tally since 2006, and General Motors (GM +0.6%) to top output for every year since 2007.
    • Related ETFs: CARZ
    | 2 Comments
  • Sep. 30, 2013, 1:14 PM
    • Auto sales in the U.S. are expected to post the first year-over-year decline in 28 months, but the industry is far from panicked.
    • A calendar quirk had the Labor Day weekend included in sales tallies for August and September will have two fewer selling days than a year ago.
    • Kelley Blue Book projects a seasonal adjusted selling rate of 15.2M units for the month.
    • What to watch: A far better tell on the direction of U.S. auto sales is the steady stream of reports of vehicle shortages due to hot demand.
    • Related stocks: GM, F, TM, FIATY.PK, HMC, NSANY.OB, TSLA, VLKAY.PK, DDAIF.PK, HYMLF.PK, BAMXY.PK, KIMTF.PK, VOLVY.PK, MZDAY.PK, MMTOF.PK, FUJHY.PK, FUJHF.PK
    • Related ETFs: CARZ, VROM
    | 1 Comment
  • Sep. 16, 2013, 8:10 AM
    • U.S. automobile sales will rise to over 16M next year, according to a survey of analysts by Bloomberg.
    • If the forecast is correct, 2014 will be the best year for auto sales since at least 2007.
    • The best news of all for the sector is that consumer demand is solid without incentives or promotions being broadly increased by automakers.
    • Related stocks: GM, F, TM, FIATY.PK, HMC, NSANY.OB, TSLA, VLKAY.PK, DDAIF.PK, HYMLF.PK, BAMXY.PK, KIMTF.PK, VOLVY.PK.
    • Related ETFs: CARZ, VROM
    | 3 Comments
  • Sep. 10, 2013, 4:24 AM
    • The auto market in Europe is stabilizing after five years of steep declines, car executives have said, but they expect the recovery to be long and slow due to high unemployment and soft bank lending in the region.
    • Europe should "see the end of the tunnel next year," said Renault (RNSDF.PK) chief Carlos Ghosn, who was speaking at the Frankfurt Motor Show.
    • Meanwhile, Volkswagen (VLKAF.PK) aims to increase car sales to 9.5M this year from 9.3M in 2012, helping to boost shares 2.1% in Frankfurt. Brand sales dropped 1% in August to 461,600 cars, giving a year-to-date figure of 3.84M. That up 3.1% from last year.
    • Auto Tickers: F, GM, TM, HMC, CARZ, FIATY.PK, PEUGF.PK, BAMXF.PK, DDAIF.PK HYMLF.PK, NSANF.PK
    | 6 Comments
  • Jun. 25, 2013, 10:43 AM
    Short interest in S&P 500 stocks has virtually disappeared, but what few remain are concentrated in Telecom (IYZ), Commercial Services, Semiconductors (XSD), Consumer Durables (XLY), and Retail (XRT). Where they're not are in Household Goods (XLP), Autos (CARZ), and Utilities (XLU, IDU).
    | Comment!
  • May. 17, 2013, 11:43 AM
    A broad rally in auto supplier stocks isn't a shocker after positive news piled in from across the globe. In Europe, a long slide in sales has finally reversed while China is opening up the western part of its territory for manufacturers. Just to top it off quite nicely, consumer sentiment rose briskly in the U.S. Advancers: American Axle (AXL) +4.5%, Dana Holding (DAN) +4.1%, TRW Automotive (TRW) +2.2%, Navistar (NAV) +4.4%, Federal-Mogul (FDML) +4.2%, Magna International +1.9%, Meritor (MTOR) +2%, Johnson Controls (JCI) +1.9%, Exide Technologies (XIDE) +5.5%.
    | 1 Comment
  • May. 1, 2013, 10:28 AM
    The Big Three (F, GM, FIATY.PK) all posted double-digit Y/Y April U.S. sales numbers and topped estimates, but is the best still to come? A fresh slate of models is just hitting dealerships and industry insiders say pent-up demand in the U.S. is barely getting tapped. Though costs in Europe are still a major concern, auto stocks (CARZ, VROM) are becoming enticing on U.S. strength and with China looking wide open as local joint ventures start to pay off.
    | 4 Comments
  • Apr. 11, 2013, 12:14 PM
    Automobile stocks (CARZ, VROM) hit a higher gear with a positive report on sales in China and ongoing enthusiasm over sales stateside helping to tip sentiment. Advancers: Toyota (TM) +3.6%, General Motors (GM) +3.1%, Honda (HMC) +2.7%, Tesla Motors (TSLA) +3.2%.
    | 1 Comment
  • Mar. 14, 2013, 12:59 PM
    Things are starting to get interesting in China's automobile market. Ford (F) and General Motors (GM) hope to continue to benefit from the falloff of Japanese automakers (HMC, TM, NSANY.OB) through their local joint ventures, but domestic firms are starting to understand the need to ramp up quality and innovation in order to compete. As it stands now, domestic brands only account for a third of all sales - short of the Beijing's target for 40% share. Volkswagen (VLKAY.PK) appears to be all-in with 70% of its new plants slated for China, while even Tesla Motors (TSLA) thinks it can make a splash in the region.
    | 9 Comments
  • Dec. 28, 2012, 5:48 PM
    The average of all durable U.S. consumer goods is now nearly at 4.5 years. That's up from less than 4 years before the financial crisis, and could fuel a pickup in consumer spending ... assuming the age increase doesn't reflect a "new normal" in a time of high unemployment and stagnating real wage growth. The average age of cars on the road is now above 4 years, compared with 3.5 years around 2000 and less than 3 years in the '80s.
    | 4 Comments
  • Aug. 25, 2012, 10:00 AM
    Southern Co. (SO) and Verizon (VZ) may be the "poster children" among high dividend-payers as the quest for yield takes the utility (XLU), telecom (IXP), and consumer staples (XLP) sectors to frothy levels. The flip-side are health-care services (XHS), autos (CARZ), housing (IYR), and tech (XLK) - lower payers, but with relative valuations that have rarely been this cheap.
    | 17 Comments
  • Jul. 19, 2012, 7:45 AM
    The strong results from AutoNation (AN) could be enough to edge forecasts from analysts on industry-wide vehicle sales even higher. The consensus forecast currently calls for 14M-14.5M vehicles, but automakers have been trimming their summer shutdowns in the U.S. as demand stays strong.
    | Comment!
  • Jul. 3, 2012, 12:00 PM
    Automobile sales for June are coming in above expectations (Ford, GM, Toyota, Chrysler) and are strong enough that analysts are comfortably raising their annual industry-wide sales forecast to over 14M vehicles. For comparison, last year the industry turned over 12.8M vehicles and in the midst of financial chaos in 2009 only 10.4M cars were sold. Despite the solid numbers, economists are wary that sales could be related to a demand shock from an aging U.S. consumer fleet, instead of any general improvement in consumer confidence.
    | 16 Comments
  • May. 10, 2012, 1:44 PM
    Forecasts for auto sales keep trickling higher, with estimates now ranging as high as 14M-14.6M after starting the year in a tighter 13.4M-13.7M range. Driving sales higher on unleashed pent-up demand is a slowly-improving economy combined with the increasing age of U.S. cars and trucks on the road. Automakers plan to ramp up production in response, with Chrysler (FIATY.PK) and Ford (F +0.9%) shortening their summer shutdown, while Honda (HMC +1.0%) adds overtime shifts.
    | 5 Comments
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CARZ Description
Investment Objective/Strategy - The First Trust NASDAQ Global Auto Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the NASDAQ OMX Global Auto Index.

There can be no assurance that the Fund's investment objectives will be achieved.

* The index is a modified market-capitalization weighted index that includes securities of companies that are classified as an Automobile Manufacturer.

* To be included in the index, a security must meet the following criteria:
o listed on an index-eligible global stock exchange,
o have a minimum worldwide market capitalization of at least $500 million,
o have a minimum three-month average daily dollar trading volume of $1 million.

* The index employs a modified market cap weighting methodology in which larger companies receive a larger index weighting. The index weighting methodology includes caps to prevent high concentrations among larger stocks.

* The index is reconstituted annually and rebalanced quarterly.
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