Magna International, Inc. (MGA) Social Stream

Magna International, Inc. (MGA)

Today's Latest Price: $62.09 USD

0.67 (1.09%)

Updated Dec 1 7:00pm

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Overall POWR Rating

POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank

Industry Rank:

Ranked of 51 in Auto Parts

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Featured Post From StockTwits About MGA

$MGA is one of this portfolio manager's top picks:
“I think Magna (NYSE: $MGA ) is very interesting. Magna is an auto parts company. It really has a very broad range of products it produces from structures to seating systems to powertrain.

They also assemble vehicles for OEMs — original equipment manufacturers. So for example, they assemble low-volume vehicles for BMW (ETR: $BMWYY), Mercedes, Jaguar, Toyota (NYSE: $TM). But what makes them interesting, though, is they’re not an OEM.

And so in the auto industry right now, you have these new companies coming along, and we don’t know about a lot of them.

But companies, such as Apple (NASDAQ: $AAPL), are looking at building electric cars, and they’ve got all this secretive work going on.

You have some like Fisker (NYSE: $FSR) that’s about to launch an SUV, so you have ..."
dfree810, published November 30, 2020

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