Shares of auto-related stocks are trading higher amid overall market strength following a softer-than-expected May CPI report.
Portfolio Pulse from Benzinga Newsdesk
Auto-related stocks are trading higher due to overall market strength following a softer-than-expected May CPI report.
June 13, 2023 | 7:39 pm
News sentiment analysis
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POSITIVE IMPACT
AutoNation's stock is trading higher amid overall market strength following a softer-than-expected May CPI report.
The softer-than-expected May CPI report has led to overall market strength, which in turn has positively impacted auto-related stocks like AutoNation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Carvana's stock is trading higher amid overall market strength following a softer-than-expected May CPI report.
The softer-than-expected May CPI report has led to overall market strength, which in turn has positively impacted auto-related stocks like Carvana.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Ford's stock is trading higher amid overall market strength following a softer-than-expected May CPI report.
The softer-than-expected May CPI report has led to overall market strength, which in turn has positively impacted auto-related stocks like Ford.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Lucid Motors' stock is trading higher amid overall market strength following a softer-than-expected May CPI report.
The softer-than-expected May CPI report has led to overall market strength, which in turn has positively impacted auto-related stocks like Lucid Motors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Magna International's stock is trading higher amid overall market strength following a softer-than-expected May CPI report.
The softer-than-expected May CPI report has led to overall market strength, which in turn has positively impacted auto-related stocks like Magna International.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Motorcar Parts of America's stock is trading higher amid overall market strength following a softer-than-expected May CPI report.
The softer-than-expected May CPI report has led to overall market strength, which in turn has positively impacted auto-related stocks like Motorcar Parts of America.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Penske Automotive Group's stock is trading higher amid overall market strength following a softer-than-expected May CPI report.
The softer-than-expected May CPI report has led to overall market strength, which in turn has positively impacted auto-related stocks like Penske Automotive Group.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Property Solutions Acquisition Corp's stock is trading higher amid overall market strength following a softer-than-expected May CPI report.
The softer-than-expected May CPI report has led to overall market strength, which in turn has positively impacted auto-related stocks like Property Solutions Acquisition Corp.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Property Solutions Acquisition Corp's warrants are trading higher amid overall market strength following a softer-than-expected May CPI report.
The softer-than-expected May CPI report has led to overall market strength, which in turn has positively impacted auto-related stocks like Property Solutions Acquisition Corp's warrants.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Rivian's stock is trading higher amid overall market strength following a softer-than-expected May CPI report.
The softer-than-expected May CPI report has led to overall market strength, which in turn has positively impacted auto-related stocks like Rivian.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100