On today’s segment of Good Buy or Goodbye, host Julie Hyman is joined by Barron’s associate editor Al Root to discuss the best and worst stock picks within the auto sector.
Root recommends buying Ford (F), citing notable relative share performance and successful company re-segmentation. He highlights the Pro company’s “consistency of revenue… with service and sales” and points to a recovering auto sector, stating, “Things should continue to get better.” However, he cautions investors about two primary risks for Ford: continued EV losses and company execution challenges.
On the other hand, Root advises investors to avoid Tesla’s (TSLA) stock. He expresses concern over the enterprise’s high valuation, stating, “I don’t see how… this stock has a tremendous second half of 2024.” Root also worries about Musk overpromising on projects like robotaxi and lower-priced EVs, warning that unfulfilled promises could lead to “a big disappointment for the sector.” Despite these concerns, Root acknowledges an impressive robotaxi event could positively impact the stock.
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