I know most of you aren’t taking advantage of Snapchat, despite my insistence of its prowess. Therefore I am passing along the latest word from The White House. The President and his running crew were in Detroit today, sitting in copper colored Chevrolet subcompact cars and sipping micro-brews. They wanted us to know the auto industry is back, and I think the snap sends a distinct message.
The executive branch of our government does not care about cheap oil. During last Wednesday’s State of The Union address Obama took a victory lap on $2/gallon gas. The populous, overall, celebrates the dismantling of the oil industry. If your state is plunging into long-term recession due to loss of industry, guess what? It’s your turn. Detroit took one for the team last decade. A drive around town shows our economy is booming. Yes, some areas still look like war-torn Syria. But where you see danger, thinkers like me see deals and opportunity.
The White House thinks the auto industry is back. It does not matter if the stocked market is being derailed by a Federal Reserve hellbent on lifting interest rates. The dog and pony show down at Cobo Hall suggests business is booming for automotive. Last Friday’s Advance Retail Sales data concurred–autos were the only thing keeping the data in-line with expectations. Ex-autos, the numbers were a huge whiff. Also, the real USA aka Walmart, is shutting down shops in bulk. Yet auto is staying firm, interesting.
The President wants you to buy auto stocks. By the looks of GM, F, and TSLA right now is a decent time to do it. All three of them are sitting at areas of major support. It wouldn’t take much risk to find out if you’re wrong. You’re smart, you have eyes yes? Look at the charts, not bad.
So while the world crumbles, earning season will soon tell us if this Snapchat intelligence is right. Fords (it’s a Detroit thing, adding the ‘s’) reports on the Jan 28th, General Motors on Feb 3rd, and Tesla February 10th.
Note: Tesla is not presenting at the Detroit Auto Show this year. It is suspected their skip was due to Michigan and their stupid dealerships not allowing Tesla to operate their business model in the state. Due to their absence, I see no reason to attend the otherwise stale expo. Want a crash course in Snapchat? Follow me over there [VCali].
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The White House is delusional. Dare I say you may have a bias because of TSLA? I do say. Good luck, I notice this very day that the local Chrysler/Dodge/WhateverElse dealer has plastered gigantic yellow “SALE” banners all over their premises. To be replaced by flashing neon signs, soon enough.
Great song. What is your snapchat handle?
WMT is closing the small neighborhood stores and going into the direct from warehouse business along with AMZN. But here is where WMT has the advantage with huge distribution centers and a fleet of trucks from coast to coast with ship to store.
AMZN, which by the way is not profitable because of shipping costs, will have to play catch up. So AMZN is building distribution centers across the US and are hiring independent contractors (AKA criminals) to pick up and deliver packages.
This is ludicrous at best.