CAR surrendered its early gains on Thursday to finish marginally lower. CAR group has been flagged as one ASX stock that will struggle under a Trump Administration. Sentiment wasn’t helped by stocks of foreign automakers falling sharply Wednesday amid concerns the U.S. will hike tariffs on imported vehicles under President-elect Donald Trump.
- We are considering switching out of CAR as it tests our $40 target area – MM is long CAR in our Active Growth Portfolio.
MM is cautiously bullish towards CAR
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