Three Hated Stocks with Good Upside

Three Hated Stocks with Good Upside

(New York)

Quickly, name a sector that Wall Street hates right now. Auto stocks should come to mind. The car industry is in a sales downturn and is in the midst of broader upheaval brought on by electric cars, new competitors, and changing ownership patterns. The Nasdaq Auto Index is down almost 20% in the last year. However, all the changes have created an opportunity to buy into the sector, but not in car companies themselves. Instead it is high tech car suppliers that look attractive as they have a unique niche to fill in the changing industry. Check out Aptiv, Visteon, and BorgWarner.

FINSUM: This seems like a smart way to play all the shifts happening in the automobile industry.

  • stocks
  • value
  • autos
  • cars
  • electric cars

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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