The

automotive

industry closed the day up 2.6%.

Accuride

(

ACW

),

China Automotive Systems Inc

(

CAAS

),

SORL Auto Parts Inc

(

SORL

), and

Orbital Corporation

(

OBTMY

) were all decliners today within the automotive industry with

Lear Corporation

(

LEA

) being today's featured automotive loser. Lear Corporation fell $1.49 (-3.5%) to $44.02 on average volume. Throughout the day, 1.2 million shares of Lear Corporation exchanged hands as compared to its average daily volume of 1.3 million shares.

Lear Corporation engages in the design and manufacture of automotive seat systems and related components for automobiles and light trucks. Its seat components include mechanisms, seat trim covers, and seat foams. Lear Corporation has a market cap of $4.5 billion and is part of the

consumer goods

sector. The company has a P/E ratio of 8.5, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 12.4% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Lear as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

On the positive front,

Thor Industries Inc

(

THO

),

China Zenix Auto International Ltd ADR

(

ZX

),

Meritor Inc

(

MTOR

), and

Drew Industries Inc

(

DW

) were all gainers within the automotive industry with

Johnson Controls Inc

(

JCI

) being today's featured automotive industry winner.

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

(

XLY

) while those bearish on the automotive industry could consider

ProShares Ultra Sht Consumer Goods

(

SZK

).

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