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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: Magna International (MGA)Tech Stocks to Buy: Magna International (MGA)

Magna produces a variety of vehicle components. These include powertrain systems, vehicle exteriors, seating, vision systems, roof systems and electronics.

Like Lear, Magna’s low valuations should interest those searching for value in a crowded market. Magna trades at 8.9 times earnings, 7.7 times forward earnings, 0.5 times sales, and 1.8 times book value. MGA is trading 4.3% off its 52-week high.

Magna stock holds a 2.2% dividend yield, with only an 18.9% payout ratio. Magna could easily triple the dividend, which would boost MGA stock. And Magna has shown strong dividend growth over the past few years, making further increases likely.

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