This week, four auto parts stocks are improving their overall ratings on Portfolio Grader. Each of these stocks is rated an “A” (“strong buy”) or “B” overall (“buy”).
This week, BorgWarner (BWA) 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. At $59.88, the stock is above the 50-day moving average of $58.03. For more information, get Portfolio Grader’s complete analysis of BWA stock.
The rating of Dorman Products, Inc. (DORM) moves up this week, rising from a B to an A. Dorman Products supplies automotive replacement parts, fasteners, and service line products primarily for the automotive aftermarket. With a price of $58.81, it is above the 50-day moving average of $54.75. For more information, get Portfolio Grader’s complete analysis of DORM stock.
This week, China Automotive Systems, Inc. (CAAS) 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. 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. The stock’s price of $18.34 is above the 50-day moving average of $18.18. Shares of the stock have been trading at an exceptionally rapid pace, up threefold from the week prior. 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.
