Market Update – Fiat considering U.S. headquarters


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Fiat ( FIATY , quote ) considering U.S. headquarters bolsters industry revamp very smart political move in their fight to win over Chrysler pension group (VEBA).

Fiat's stock is up 9 of the last 11 days and trading at an 86 RSI (9 day RSI).

Not a bad place to take some profits.

The stock not only trading improving fundamentals but benefits as the cost of risk drops in Italy.

The WACC on Fiat has dropped by 200bps in last 6 months.

That's a massive impact in the valuation.  If Italy turns south, Fiat will suffer.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks

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