Topic: Growth Stocks

NISSAN MOTOR (ADR) $18.42 – Nasdaq symbol NSANY

NISSAN MOTOR (ADR) $18.42 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310- 771-3111; www.nissan-global.com; Shares outstanding: 2.3 billion; Market cap: $41.5 billion; No dividends paid) continues to profit from rising sales in China.

Sales of all car brands rose 15.7% in China in 2013, to 17.9 million vehicles. Sales were particularly strong in December 2013, at 2.1 million vehicles, about 17% higher than December 2012.

Nissan reports that its Chinese sales jumped 70.4% in December 2013, to a record 134,200 vehicles. That raised its total 2013 sales in the country by 17.2%, to 1.3 million.

Car sales growth could slow to 8% to 10% in China in 2014, depending on government policy. Automobile manufacturing is an important part of the country’s economy and offers higher-than-average-wages.

However, cities like Beijing and Shanghai now suffer from heavy smog. That could prompt the Chinese government to limit new-vehicle registration.

Nissan is still a buy.

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