Lear Corporation (LEA): Today's Featured Automotive Winner

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.

Lear Corporation ( LEA) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day down 0.7%. By the end of trading, Lear Corporation rose $1.84 (2.8%) to $67.80 on heavy volume. Throughout the day, 1,834,570 shares of Lear Corporation exchanged hands as compared to its average daily volume of 974,100 shares. The stock ranged in a price between $66.30-$68.13 after having opened the day at $67.03 as compared to the previous trading day's close of $65.96. Other companies within the Automotive industry that increased today were: Tesla Motors ( TSLA), up 4.3%, Arctic Cat ( ACAT), up 3.6% and American Axle & Mfg Holdings ( AXL), up 2.9%.

Lear Corporation designs, manufactures, assembles, and supplies automotive seat systems, electrical distribution systems, and related components primarily to automotive original equipment manufacturers. It operates in two segments, Seating and Electrical Power Management Systems (EPMS). Lear Corporation has a market cap of $6.1 billion and is part of the consumer goods sector. Shares are up 40.8% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Lear Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Lear Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Federal-Mogul ( FDML), down 4.8%, Quantum Fuel Systems Technologies Worldwide ( QTWW), down 4.0%, Meritor ( MTOR), down 3.5% and Shiloh Industries ( SHLO), down 2.3% , were all laggards within the automotive industry with Toyota Motor ( TM) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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