Lear Corporation (LEA): Today's Featured Automotive Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day down 0.7%. By the end of trading, Lear Corporation rose $1.84 (2.8%) to $67.80 on heavy volume. Throughout the day, 1,834,570 shares of Lear Corporation exchanged hands as compared to its average daily volume of 974,100 shares. The stock ranged in a price between $66.30-$68.13 after having opened the day at $67.03 as compared to the previous trading day's close of $65.96. Other companies within the Automotive industry that increased today were:
(
), up 4.3%,
(
), up 3.6% and
(
), up 2.9%.
Lear Corporation designs, manufactures, assembles, and supplies automotive seat systems, electrical distribution systems, and related components primarily to automotive original equipment manufacturers. It operates in two segments, Seating and Electrical Power Management Systems (EPMS). Lear Corporation has a market cap of $6.1 billion and is part of the consumer goods sector. Shares are up 40.8% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Lear Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Lear Corporation
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Lear Corporation Ratings Report.
On the negative front,
(
), down 4.8%,
Quantum Fuel Systems Technologies Worldwide
(
), down 4.0%,
(
), down 3.5% and
(
), down 2.3% , were all laggards within the automotive industry with
(
) being today's automotive industry laggard.
- Use our automotive section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider
Consumer Discretionary Sel Sec SPDR
(
) while those bearish on the automotive industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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