Are automobile companies going to be hot in 2021?
After the craziness of 2020, everyone hopes that 2021 will be a better year than last year. The beginning of 2021 is off to a good start as COVID-19 vaccinesby Moderna and Pfizer/BioNTech has been approved by the FDA and is able to be distributed in the United States. The vaccine has investors excited as now there is hope that COVID-19's effect will be mitigated and the US economy can start to get back to normalcy. Even though we are able to combat COVID-19, a majority of commuters who used to use public transportation to go to work are now switching to cars as the mode of transportation because they feel safer using their own vehicle. The effects can already be seen as used Ford car prices are already up 16% since 2018(Cargurus). Automobile companies are one of the biggest winners from this positive outlook as production lines can soon start to open up more and increase their production to meet the high demands for new and used cars. General Motors Company(GM) is one of my favori...