The grades of four auto parts stocks are better this week, according to the Portfolio Grader database. Every one of these stocks has an “A” (“strong buy”) or “B” overall (“buy”) rating.
This week, Magna International (MGA) is showing good progress as the company’s rating jumps from a B (“buy”) last week to an A (“strong buy”). Magna International designs, develops, and manufactures automotive systems, assemblies and components, and engineers and assembles complete vehicles. In Portfolio Grader’s specific subcategory of Cash Flow, MGA also gets an A. The stock price has risen 11.3% over the past month, better than the 1.7% decrease the S&P 500 has seen over the same period of time. For more information, get Portfolio Grader’s complete analysis of MGA stock.
American Axle & Manufacturing Holdings, Inc.’s (AXL) grade is moving up to a B (“buy”) this week from last week’s C (“hold”). American Axle & Manufacturing engages in the design, engineering, validation, and manufacture of driveline and drivetrain systems, and related components and chassis modules for automotive industry worldwide. With a price of $20.68, it is above the 50-day moving average of $19.58. For more information, get Portfolio Grader’s complete analysis of AXL stock.
The rating of Visteon Corporation (VC) moves up this week, rising from a B to an A. Visteon designs, develops, manufactures, supplies, and supports climate, electronic and interior systems, modules, and components to automotive original equipment manufacturers worldwide. Investors seem to agree with the upgraded status of the stock and have pushed the stock up 5.9% over the past month. For more information, get Portfolio Grader’s complete analysis of VC stock.
Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW) earns a B this week, jumping up from last week’s grade of C. Quantum Fuel Systems Technologies Worldwide designs, manufactures, and supplies integrated fuel systems to original equipment manufacturers of fuel cell applications and alternative fueled vehicles. For more information, get Portfolio Grader’s complete analysis of QTWW stock.
Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.