Auto Draft
Weekly Strategy Calls
What's under the hood of Auto, Tire & Truck Stocks?
Posted: 05/22/2024
This week, Zacks Chief Equity Strategist and Economist John Blank, PhD discusses:
โข Top stocks in the Auto/Tires/Trucks sector, a huge and global topic that encompasses automobiles, replacement parts, tires, engines, and trucks produced in the U.S., Europe, China, Japan and elsewhere. As John as done in recent analyses, he defines “top” stocks in three ways: by market capitalization, by number of analysts following the stock, and by largest percent change in F1 EPS estimate (the most important element used in assigning a Zacks Rank to stocks).
โข Using this framework, John then examines key metrics for these leading names, using Zacks charting to illustrate comparisons of the most relevant trends for these companies. To point out strengths and weaknesses among these stocks, he looks at metrics ranging from Revenue F12M, EPS F12M, EPS Consensus, EPS Surprise, EBIT TTM, Cash Flow Yield %, and other measures.
โข Because he uses these 3 types of screening metrics, John’s review of “top” players includes both large and relatively small companies, and both familiar and less well-known names. Among the tickers he discusses are General Motors (GM), Tesla Inc. (TSLA), Paccar Inc. (PCAR), Nio Inc. (NIO), Goodyear Tire & Rubber Co. (GT), Genuine Parts Co. (GPC), and many others. Don’t miss this in-depth automotive stock analysis from Zacks’ Chief Equity Strategist!