One big hedge fund is shorting car-insurer Progressive (NYSE: PGR ) on the basis that driverless cars are set to make car insurance obsolete and unprofitable. Is this really a reason to short this stock? In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analyst David Hanson is joined by Stock Advisor analyst Brendan Mathews discuss the impact of safer driving on premium and Progressive's business.
More changes to the auto market
U.S. automakers boomed after WWII, but the coming boom in the Chinese auto market will put that surge to shame! As Chinese consumers grow richer, savvy investors can take advantage of this once-in-a-lifetime opportunity with the help from this brand-new Motley Fool report that identifies two automakers to buy for a surging Chinese market. It's completely free -- just click here to gain access.
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