Search Coverage List, Models & Reports
Search Results1-10 out of 103
It seems to happen once every 10-years. We sense that Investors in Auto and Auto Parts Stocks have (to some extent) turned more bullish. The thinking is that if Autos will ever work, it should be now… during the trough to trend phase of the Auto Cycle. Investors are increasingly asking us for our macro work, asking if demand could return to pre-COVID levels, and if margins could exceed recent levels (there were many surprises during the recovery phase of the last cycle).
Q1 was a throwaway quarter – as the world changed in mid-March and expectations rapidly reset. Guidance was pulled, revolvers were drawn, and auto stocks sold off. But since then investor interest has soared as trough-to-trend is the one phase of the economic cycle where auto stocks have consistently outperformed. Best-performing stocks since the trough on March 18th have been TEN, DAN, ADNT, and AXL.
- 1 of 11
- next →