Jim Cramer: I Don’t Buy Peak Auto Theories
Jim Cramer says the problem with theories about auto sales peaking is that it assumes they are peaking around the world.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said the problem with theories about auto sales peaking is that it assumes they are peaking around the world and he believes that's not the case. Cramer said, 'We still have tremendous losses in south America. I think that can get better. We're really in the first inning of Europe's turn. The china turn is very strong for the consumer. If you want to short autos on peak, go after AutoNation (AN) - Get Report , go after CarMax (KMX) - Get Report , but be careful `
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
