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10 Stocks to Buy for the Car of Tomorrow

Stocks to buy if you believe in connected cars and autonomous driving

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Tech Stocks to Buy: Autoliv (ALV)

Tech Stocks to Buy: Autoliv (ALV)Autoliv Inc. (NYSE:ALV) produces a variety of passive and active safety systems, including radar, vision, night vision, brakes, seatbelts and airbags. Autoliv’s dynamic spotlight detects pedestrians from a distance and illuminates them, helping the driver avoid them at night.

Autoliv’s 6.1% profit margin might not look too impressive at first, but consider the industry. A McKinsey &. Company report, The Future of the North American Automotive Supplier Industry, found that ALV earned a higher margin than its peers in both 1996-2002 and 2003-2009. Autoliv stock trades at 17.6 times earnings and 15.7 times forward earnings, and 2.7 times book value.

Autoliv stock is 10.8% off its 52-week high. Autoliv boasts a 2.1% dividend.

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