These two will overcome currency drag

Article Excerpt

The shares of these two Japanese automakers are down from their recent highs. That’s mainly because the rising value of the Japanese yen in making their products more expensive in North America and other export markets. However, their new electric-powered vehicles improve their long-term prospects. TOYOTA MOTOR CO. ADRs $184 is a buy. The stock (New York symbol TM; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.35 billion; Market cap: $248.4 billion; Price-to-sales ratio: 0.8; Dividend yield: 2.6%; TSINetwork Rating: Above Average; www.toyota.com) gives you exposure to the world’s largest automaker by production. It gets about half of its sales from markets outside of Japan. Toyota sold 2.64 million vehicles in its fiscal 2025 first quarter ended June 30, 2024. That’s down 4.1% from 2.75 million a year earlier. That’s mainly due to weaker sales in Japan and China following allegations that Toyota used false data to secure safety certificates for certain models. The lower volumes also cut revenue in the quarter by 1.4%,…