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 up 0.6%. By the end of trading, BorgWarner rose $1.94 (2.0%) to $96.69 on light volume. Throughout the day, 600,632 shares of BorgWarner exchanged hands as compared to its average daily volume of 848,900 shares. The stock ranged in a price between $94.29-$97.12 after having opened the day at $94.96 as compared to the previous trading day's close of $94.75. Other companies within the Automotive industry that increased today were:
), up 4.7%,
), up 4.0%,
), up 2.8% and
), up 2.7%.
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BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. BorgWarner has a market cap of $11.2 billion and is part of the consumer goods sector. Shares are up 32.3% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate BorgWarner a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full BorgWarner Ratings Report.
On the negative front,
), down 2.9%,
), down 2.4%,
), down 2.3% and
), down 1.8%.
- 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
) while those bearish on the automotive industry could consider
- Find other investment ideas from our top rated ETFs lists.