This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Auto Suppliers Poised to Accelerate

NEW YORK ( TheStreet) -- With Ford (F - Get Report) performing strongly and the government trying to exit from GM, many investors are increasingly bullish on auto supplier stocks. As car unit sales continue to stabilize -- or pick up -- auto suppliers will undoubtedly reap rewards, and glean steady business going forward.

One piece of evidence of the investment community's increasingly bullish view towards auto supplier stocks can been seen in the recently rebalanced Hennessy Focus 30 Fund (HFTFX), which invests its assets in 30 mid-cap growth oriented companies, screening for undervalued stocks with above-average growth potential. The top three performers of the rebalanced fund have been Crocs (CROX - Get Report), TRW Automotive (TRW) and Tenneco (TEN - Get Report). Two out of the top three are auto supplier stocks.

"Those companies were decimated when GM had to be taken over. So the ones that survived obviously had to cut to the bone and figure out a way to manage this," Hennessy co-portfolio manager Frank Ingarra explains. "I think the ones that we have or at least some other ones that are out there are the strong ones that have survived."

Other auto supplier stocks in the Focus 30 Fund include Autoliv (ALV - Get Report) and BorgWarner (BWA - Get Report). Automotive aftermarket parts retailer Advance Auto Parts (AAP - Get Report) is also in the fund.

Auto suppliers appear to be turning over a new leaf after being devastated during the height of the U.S. industry downturn. Read on to see how analysts have been viewing some of various auto suppliers as we come closer to their next quarterly earnings releases ...
1 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TRW $105.46 0.00%
AAP $156.01 0.35%
ALV $121.60 -1.81%
BWA $35.79 0.28%
CROX $8.36 -0.71%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs