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 closed the day up 1.7%. By the end of trading, Magna International rose 91 cents (2.3%) to $41.06 on light volume. Throughout the day, 451,682 shares of Magna International exchanged hands as compared to its average daily volume of one million shares. The stock ranged in a price between $40.11-$41.26 after having opened the day at $40.33 as compared to the previous trading day's close of $40.15. Other companies within the Automotive industry that increased today were: Standard Motor Products ( SMP), up 22.1%, Navistar International ( NAV), up 10%, Visteon ( VC), up 5.6%, and Superior Industries International ( SUP), up 5.2%.

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 $9.01 billion and is part of the consumer goods sector. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7. Shares are up 15.9% year to date as of the close of trading on Friday. Currently there are nine analysts that rate Magna International a buy, one analyst rates 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, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Stoneridge ( SRI), down 4.1%, Enova Systems ( ENA), down 2.9%, Swift Transportation ( SWFT), down 2.5%, and SORL Auto Parts ( SORL), down 2%, were all laggards within the automotive industry with General Motors ( GM) being today's automotive industry laggard.

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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