Don't let it get away!
Help yourself with the Fool's FREE and easy new watchlist service today.
As bottom-up investors, Jeremy Phillips and Austin Smith usually buy stocks directly, but in today's video, they talk about macro analysis as well.
In particular, Austin tells us about a report from The Economist about the auto sector, which says that in 2013, China and the U.S. will account for 60% of all car purchases. Sales are forecast to increase 7% in the U.S. and 8% in China. He owns Hyundai, Ford, and General Motors, which he notes are all trading at deeply depressed valuations even as their industry gets stronger.
Austin loves the tailwinds that support his investment thesis on these companies -- namely, that the average American auto is 11 years old, creating pent-up demand, and also that these companies are very cheap. Check out the video to hear more of his thoughts on the industry and these companies.
Worried about Ford?
If you're concerned that Ford's turnaround has run its course, relax -- there's good reason to think that the Blue Oval still has big growth opportunities ahead. We've outlined those opportunities in detail, in the Fool's premium Ford research service. If you're looking for some freshly-updated guidance to Ford's prospects in coming years, you've come to the right place -- click here to get started now.