Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

Good morning ml,

FYI,
From briefing.com:

07:41 ET JP Morgan cuts estimates for auto stocks

JP Morgan slashes ests well below consensus for F, GM, BWA, GNTX, JCI, LEA, ARM, CKC, CTB, MGA, TWR, DCN, DPH, GT, and VC; based on preliminary co feedback on March sales, imminent Iraqi hostilities, and slowing momentum of industry incentive spending, firm now expects the U.S. light vehicle selling rate to fall to 15.0 mln or lower for March and to 14.5 mln or lower for April; firm expects these declines to lead to industry production cuts even bigger than those announced to date, and expects auto stocks to decline further over the near-term, with F and VC especially vulnerable.

Regards,
Dan