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. contributor/ – 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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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


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Fuel Cells Could Be the Future: Here Are Three Stocks That Can Cash In

The automotive industry is going green, and it appears over the next few decades the tried and true internal combustion engine will become a thing of the past.

Right now, electric vehicles are the primary replacement. But there are other options. Hyundai Motor Group (OTC:HYMTF) this week said it plans to offer hydrogen fuel cell versions of all of its commercial vehicles as soon as 2028, and predicted fuel cell vehicles could hit cost parity with battery electric vehicles by the end of the decade.

Hyundai’s claim was met with a good bit of skepticism, and to be sure fuel cells have a long way to go if they are to reach the company’s ambitious 2030 goal. But if it is right, there are a lot of companies that would benefit. Here’s why three contributors will be paying close attention to General Motors (NYSE:GM),

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Travel And Leisure Stocks Bounce Back

Under the agreement, the Orlando, Fla.-based mostly timeshare company will initially pay $35 million in money at closing, adopted by funds by way of 2024. Member firms of the KPMG community of unbiased firms are affiliated with KPMG International. No member firm Travel has any authority to obligate or bind KPMG International or some other member agency vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. © 2021 Copyright owned by a number of of the KPMG International entities.

In the trial, each participant acquired a 25, a hundred or 250 microgram dose, with 15 people in every dose group. Participants acquired two doses of the potential vaccine. The constructive end result has pushed the vaccine into the phase 3 trial, which is slated to start on Jul 27. The trial will enroll 30,000 individuals across 87 areas, according to … Read More