NEW YORK (
) -- Auto-supplier companies are off to a good start this year, with equity analysts heaping praise on the stocks and their sector with the advent of the new year.
It's no wonder then that they have become one of Jim Cramer's favorite stocks of late. On Cramer's CNBC "Stop Trading!" segment on January 8, for example, Cramer called the "new"
Just two days prior to that, Cramer made
, while lauding major auto-supplier customer
as "the love affair between me and a better America."
Cramer also added the he believes that
Cramer's thoughts emerged on "Stop Trading!" the same day that
in a note to investors. Its analysts said that the suppliers are positioned to exceed earnings expectations as 2010 unfolds.
Shares of Tenneco, Magna,
and Johnson Controls reacted positively to the news, advancing in the trading session.
reports that U.S. car and light truck sales shrank 21.2% to 10.4 million in 2009, citing Autodata Corp., much of the investment community believes that the auto-industry is poised for a comeback; from the perspective of investors, auto-suppliers will clearly be revving up production and seeing a sales recovery in 2010.
Given all this, we ask readers of TheStreet: Is now the time to buy auto-supplier stocks?
-- Reported by Andrea Tse in New York
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