Four auto parts stocks are moving up in their overall rating this week, according to the Portfolio Grader database. Every one of these is graded an “A” (“strong buy”) or “B” overall (“buy”).
This week, BorgWarner (BWA) is making solid headway. The company’s rating improves to an A (“strong buy”) from last week’s B (“buy”) rating. 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 18% 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. Investors seem to agree with the upgraded status of the stock and have pushed the stock up 18.6% over the past month. For more information, get Portfolio Grader’s complete analysis of DORM stock.
China Automotive Systems, Inc.’s (CAAS) grade is moving up to a B (“buy”) this week from last week’s C (“hold”). China Automotive System designs, markets, and sells custom-designed stained glass and leaded glass artifacts. Shares of the stock have been trading at an exceptionally rapid pace, up twofold from the week prior. For more information, get Portfolio Grader’s complete analysis of CAAS stock.
Federal-Mogul Corporation’s (FDML) ratings are looking better this week, moving up to a B from last week’s C. 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.
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.
