Fiat Chrysler Automobiles (FCAU)

[winston]

not vested

'LESS BAD' NEWS SENDS THIS BEATEN-DOWN AUTOMAKER UP TRIPLE DIGITS

Today, we're taking a look at one of our favorite investing themes...

As regular readers know, investing in stocks that have gone from "bad to less bad" can make for impressive gains.

After a company's shares have plummeted, even the slightest bit of good news can mean a huge rally is coming. And that's what we're seeing with today's company...

Fiat Chrysler Automobiles (FCAU) is one of the world's largest automakers. The company sold off in recent years as rising costs and regulatory fines cut sharply into profits... and it plummeted further when COVID-19 struck.

But now, production is back near pre-pandemic levels and folks are snapping up the company's expensive Jeep SUVs and Ram pickups. And in its most recent quarter, Fiat Chrysler made a $1.4 billion profit – compared with a $200 million loss this time last year.

As you can see, shares have climbed about 175% since their March lows... but are still below their 2018 highs. That shows how much you can gain when things just get "less bad"...

Source: Daily Wealth