4 Auto Stocks On Track To Beat In Q2
Zacks Investment Research | Jul 21, 2017 01:08AM ET
Robust growth in earnings is always welcome. This provides tremendous impetus to a stock and increases investors’ confidence. Usually, earnings growth leads to price appreciation, which ensures more gains for investors.
That said, let’s take a look at the auto stocks that are slated to report results in the next couple of weeks. Per the latest Earnings ESP .
Our proprietary methodology, Earnings ESP, shows the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate. And research shows that for stocks with this combination of rank and ESP, chances of a positive earnings surprise are as high as 70%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter .
4 Auto Picks
Here are four auto stocks that have the right combination of elements to deliver an earnings beat when they release their fourth-quarter results:
Cummins Inc (NYSE:CMI). (
Headquartered in Columbus, IN, Cummins is a leading global designer, manufacturer and distributor of diesel and natural gas engines, electric power generation systems, and engine-related components, fuel systems, controls and air handling systems.
The company is expected to report second-quarter 2017 results on Aug 1.
BorgWarner Inc (NYSE:BWA). (HZN ) has an Earnings ESP of +2.99% and carries a Zacks Rank #3.
Troy, MI-based Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products to the automotive aftermarket, retail, and original equipment channels worldwide. The company is expected to report second-quarter 2017 results on Aug 1.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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