Why Goodyear Tire (NASDAQ:GT) Stock’s Recent Momentum Can Fade
Whether as consumer products or as an investment thesis, few really think about tire companies, which places a distinct spotlight on Goodyear Tire (GT). Usually a background player on Wall Street, the popular tire manufacturer has enjoyed recent upside momentum in the capital market. Nevertheless, if a recession materializes, the narrative could quickly subside. I am moderately bearish on GT stock. Fundamentally, Goodyear Tire operates at a perplexing juncture in the broader equities space. Irrespective of which automotive propulsion platform wins the sector – electric or combustion – every vehicle needs tires. In that respect, Goodyear is basically permanently relevant.
Why Goodyear Tire (NASDAQ:GT) Stock’s Recent Momentum Can Fade
Whether as consumer products or as an investment thesis, few really think about tire companies, which places a distinct spotlight on Goodyear Tire (GT). Usually a background player on Wall Street, the popular tire manufacturer has enjoyed recent upside momentum in the capital market. Nevertheless, if a recession materializes, the narrative could quickly subside. I am moderately bearish on GT stock. Fundamentally, Goodyear Tire operates at a perplexing juncture in the broader equities space. Irrespective of which automotive propulsion platform wins the sector – electric or combustion – every vehicle needs tires. In that respect, Goodyear is basically permanently relevant.