Month: October 2021

3 Undervalued And Under-the-Radar Automotive Stocks

Results Drive These Automotive Stocks Higher 

The automotive industry is struggling with systemic issues but, by all accounts, still doing quite well. While the major OEMs are cutting back on production sales remain robust and the outlook for the industry is healthy. Today, we’re looking at three under-the-radar stocks in the automotive industry benefiting from strong secular demand. One thing these companies have in common is better than expected results but there are other commonalities as well. They also all pay safe dividends and trade a discount relative to the broad market, and they are all investing in growth. 

Depositphotos.com contributor/Depositphotos.com – MarketBeat

Patrick Industries, Supplier To The RV Market 

Patrick Industries (NASDAQ: PATK) is not a pure-play on the automotive industry but it is sitting pretty as a manufacturer of parts and components for the RV industry. The RV industry is growing at a high-double-digit rate and momentum appears

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Geely’s Volvo Cars jumps 13% after IPO values it at $18 billion By Reuters


© Reuters. FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer

By Helena Soderpalm and Abhinav Ramnarayan

STOCKHOLM (Reuters) -Automaker Volvo Cars’ shares rose 13% above their offer price in its trading debut in Stockholm on Friday, following the completion of Europe’s biggest initial public offering (IPO) so far this year.

The Gothenburg-based company cut the size of its listing and priced it at the bottom of a previously-announced range UPDATE 3-Volvo Cars gives itself $18 bln price tag as cuts IPO size – Reuters News on Monday, valuing it at just over $18 billion and making it Sweden’s second largest listing yet.

The successful deal and after-market performance is a boost to a European automotive industry that has embarked on a challenging transition towards electric vehicles.

It also shows that while the IPO euphoria of

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Yamaha Motorcycles

Transport infrastructure consists of the mounted installations, together with roads , railways , airways , waterways , canals and pipelines and terminals such as airports , railway stations , bus stations , warehouses , trucking terminals, refueling depots (together with fueling docks and gas stations ) and seaports Terminals could also be used each for interchange of passengers and cargo and for maintenance. Vehicles are most commonly staffed by a driver Nonetheless, some methods, reminiscent of individuals movers and a few speedy transits, are absolutely automated For passenger transport, the automobile should have a compartment, seat, or platform for the passengers. Simple autos, resembling cars, bicycles or simple plane, could have one of the passengers as a driver.

For modifications to these Phrases or the Services that we have to make with a view to meet safety, safety, legal or regulatory necessities, we might not be capable to notify you … Read More

4 Top Auto Stocks to Buy for the Long Haul

Car sales will total nearly 70 million vehicles worldwide this year, adding to the roughly 1.4 billion autos on the road across the globe. The automotive industry is massive and has grown and evolved quite a bit since the late 1800s when Karl Benz began selling his first handmade cars.

Vehicle evolution has been a constant throughout the industry’s history and it is arguably experiencing more changes now than ever before. Electric vehicles (EVs) are gaining mainstream appeal, creating the first significant challenge to powertrain technology since the combustion engine effectively created the automotive industry as we know it. There are several companies working to take advantage of this shift in the industry.

Let’s take a look at four automotive stocks that are poised to succeed over the long haul because their companies are adapting to the changing times.

Worker inspecting a vehicle in a manufacturing plant.

Image source: Getty Images.

1. Tesla: The electric vehicle pioneer

Many

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