4 Auto Parts Stocks to Buy Now

BWA, DORM, CAAS, FDML improve in weekly rankings

   
4 Auto Parts Stocks to Buy Now

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.

BorgWarner (BWA) is making headway this week, with the company’s rating improving to an A (“strong buy”) from a B (“buy”) last week. 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. Shares of BWA have increased 13.9% 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.

Dorman Products, Inc. (DORM) 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. For more information, get Portfolio Grader’s complete analysis of DORM stock.

China Automotive Systems, Inc. (CAAS) is making progress this week as its rating of C (“hold”) from last week increases to a B (“buy”) rating this week. China Automotive System designs, markets, and sells custom-designed stained glass and leaded glass artifacts. For more information, get Portfolio Grader’s complete analysis of CAAS stock.

Federal-Mogul Corporation (FDML) shows solid improvement this week. The company’s rating rises from a C to a B. Federal-Mogul supplies products, services and solutions to automotive, light commercial, heavy-duty truck, off-highway, agricultural, marine, rail, and industrial markets. After four consecutive days of gains, the stock price has reached $19.20. For more information, get Portfolio Grader’s complete analysis of FDML 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.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/4-auto-parts-stocks-to-buy-now-bwa-dorm-caas-2/.

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