4 Auto Parts Stocks to Buy Now

by Portfolio Grader | February 26, 2014 8:15 am

Four auto parts stocks are moving up in their overall rating this week, according to the Portfolio Grader[1] database. Every one of these is graded an “A” (“strong buy”) or “B” overall (“buy”).

This week, BorgWarner (BWA[2]) is showing good progress as the company’s rating jumps from a B (“buy”) last week to an A (“strong buy”). BorgWarner is a supplier of highly engineered systems and components, mainly for powertrain applications. In Portfolio Grader’s specific subcategory of Equity, BWA also gets an A. The stock price has risen 10.2% 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 BWA stock[3].

Dorman Products, Inc. (DORM[4]) is seeing ratings go up from a B last week to an A this week. Dorman Products supplies automotive replacement parts, fasteners, and service line products primarily for the automotive aftermarket. At $55.86, the stock is above the 50-day moving average of $53.21. For more information, get Portfolio Grader’s complete analysis of DORM stock[5].

This week, China Automotive Systems, Inc. (CAAS[6]) is showing significant improvement as the company’s rating hops from a C (“hold”) to a B (“buy”). China Automotive System designs, markets, and sells custom-designed stained glass and leaded glass artifacts. Shares of the stock have been changing hands at an unusually rapid pace, twice the rate of the week prior. For more information, get Portfolio Grader’s complete analysis of CAAS stock[7].

Federal-Mogul Corporation (FDML[8]) improves from a C to a B rating this week. Federal-Mogul supplies products, services and solutions to automotive, light commercial, heavy-duty truck, off-highway, agricultural, marine, rail, and industrial markets. For more information, get Portfolio Grader’s complete analysis of FDML stock[9].

Louis Navellier’s proprietary Portfolio Grader[10] 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[11].

Source URL: https://investorplace.com/2014/02/4-auto-parts-stocks-to-buy-now-bwa-dorm-caas/

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