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VIDEO: Auto Stocks GM, Ford and Daimler are a Buy

Charles Sizemore, CFA and the brains behind the Sizemore Investment Letter, talks with Jeff Reeves of InvestorPlace.com about auto stocks and whether General Motors (NYSE:GM), Ford (NYSE:F), Toyota (NYSE:TM), Honda (NYSE:HMC) or Mercedes-maker Daimler (PINK:DDAIF) have anything to offer in 2013.

Charles’ assessment? There’s a lot of short-term potential thanks to the fact that they are priced for “the end of the world,” so that anything less than that in China and Europe is a good thing. Valuations are rock bottom for GM and Ford, based on forward earnings estimates, so now may be a good time to make a short- to medium-term trade.

But longer term, Charles worries that the American love affair with the auto may be done with and that sales will plateau.

Check the video above, and the stories below for more info.

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Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at editor@investorplace.com or follow him on Twitter via @JeffReevesIP. As of this writing he did not own a position in any of the stocks named here.

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