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Cars are ubiquitous. Love them or hate them, you can’t get around them – or sometimes, get around without them. This makes them attractive as long-term investments for investors who know that the market, while dynamic and changing, is not going away. Deutsche Bank analyst Emmanuel Rosner has been following the state of the car market and sees big gains down the road."We expect strong earnings and positive outlooks from the US autos group, driven by faster than expected global vehicle demand recovery, higher production outlook, robust pricing, and benefits from operating leverage and deep cost actions," Rosner noted. With this in mind, we’ve pulled up the latest information on Deutsche Banks two automotive picks. Using TipRanks’ Stock Comparison tool, we were able to evaluate these two tickers alongside each other to get a sense of what the analyst community has to say. Nio (NIO)First on our list is Nio, an electric car maker in China. While it’s not always talked about much in the West, China has a huge – and growing – car market. The country’s 1.4 billion people have been urbanizing for decades, and it’s estimated that the potential customer base in the Chinese car market may eventually exceed 1 billion people. For now, China’s annual car production is already greater than that of the US, the EU, or Japan. The country has become a major exporter of automobiles.In all of this, Nio is on the forefront of the electric car segment. Nio’s success has come on the shoulde
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2020/10/22
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