A look at two plays in the automotive sectors
Brian Bolan, the aggressive growth stock strategist with Zacks Investment Research and has two new names for your growth stock radar. Both of these plays are in the automotive sector, so at least give them a drive by. Brian first takes a look at Navistar NAV and points out that the stock has a Zacks Rank #1 (Strong Buy) despite seeing estimates actually come in over the last 90 days. Brian explains that the Rank only looks at moves over the last 60 days, so there is an uptick there. The next stock Modine MOD has a slightly better estimate picture and Brian shows the chart and the stock's ability to withstand recent turmoil that has hit the rest of the market.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.