Trump and Indian auto sector: Why he got it wrong. 8 auto stocks with an upside of upside potential of 1 to 33%
A couple of weeks back all auto stocks witnessed a sharp decline. Reason: President Trump announced across-the-board duties on any auto product not made in the US. Now cut to April 1. All auto stocks witnessed a bump-up in a market that was otherwise declining sharply. Reason: Monthly auto sales numbers for March were good. Neither the decline nor the rise were for the right reason, and there is more to it than what is obvious. Today, we are again witnessing a reaction to what Trump said in his speech last night.