According to DailyFinance, automakers Ford and Toyota are "Market Movers," who, with several new models, should see a nice jump in their share prices.
A 8.9-magnitude earthquake and resulting tsunami devastated much of Japan, with staggering death-tolls and estimates of $100 billion in property damage. As one might expect, Japan's auto industry has been and will be heavily affected by the nationwide disaster. Power outages have brought plants to a halt, and the Nikkei, Japan's stock market, has taken notice.
Despite internal predictions that its current throttle-related recall costs may dent company coffers by up to $2 billion this quarter, Toyota has raised its projections for the fiscal year ending in March. That's according to Reuters, who note that the increase comes after the automaker beat its third quarter estimates.
If you've got some cash tucked away somewhere not doing anything (and not already invested in AAPL), Jim Cramer said Tuesday that Toyota is his favorite automotive pick. Actually he said, " BUY! BUY! BUY!"