Auto suppliers tapped for gains amid stronger global demand
Auto supplier stocks look poised for a vibrant rally with global demand strengthening, notes Barron's.
A strong push by automakers to increase capacity and introduce new models with lower emissions could support the industry for years - while the race by OEMs to compete in China presents the group new opportunities.
Innovation in self-driving car technology and the growth in electric vehicles/hydrogen-powered cars might also factor in to help demand.
The auto supplier/parts trade could be relatively short-lived if a forecast from the chief economist from the National Automobile Dealers Association proves correct. Steven Szakaly thinks the U.S. can't support an annual selling rate of over 17M over the long term. Higher interest rates could be a spoiler, he notes.
Auto supplier/parts stocks: DAN, BWA, MTOR, TRW, FDML, DLPH,GNTX, SMP, AXL, MPAA, ALV, MOD, DLPH, VC, THRM, WPRT.
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