Magna International Inc. (MGA): Today's Featured Automotive Winner

Magna International ( MGA) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole was unchanged today. By the end of trading, Magna International rose 82 cents (1.9%) to $43.62 on heavy volume. Throughout the day, 2.8 million shares of Magna International exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in a price between $43.37-$46.19 after having opened the day at $45.01 as compared to the previous trading day's close of $42.80. Other companies within the Automotive industry that increased today were: Tesla Motors ( TSLA), up 9.7%, Monro Muffler/Brake ( MNRO), up 4%, Orbital ( OBT), up 3.7%, and Fuel Systems Solutions ( FSYS), up 2.9%.

Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules and components, and engineers and assembles vehicles to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America, and Africa. Magna International has a market cap of $9.94 billion and is part of the consumer goods sector. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7. Shares are up 28.5% year to date as of the close of trading on Wednesday. Currently there are nine analysts that rate Magna International a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Magna International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Enova Systems ( ENA), down 22.6%, Accuride ( ACW), down 3.5%, Titan International ( TWI), down 3.1%, and Stoneridge ( SRI), down 2.6%, were all losers within the automotive industry with Westport Innovations ( WPRT) being today's automotive industry loser.

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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