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Wednesday, December 29, 2010

Johnson Controls (NYSE:JCI), TRW (NYSE:TRW), Magna (NYSE:MGA), Superior Industries (NYSE:SUP) Top Auto Parts Picks for S&P

With the auto industry expected to improve and grow next year, those manufacturing auto parts like Johnson Controls (NYSE:JCI), TRW (NYSE:TRW), Magna International (NYSE:MGA) and Superior Industries International (NYSE:SUP) are expected to continue to grow at a quick pace.

Standard & Poor’s equity analyst Ephraim Levy said, “Emerging markets are becoming more attractive to parts manufacturers due to lower labor costs for manufacturing and engineering and/or due to growing demand in local and regional markets.”

As of December 23, Levy notes that auto parts and equipment companies are up 55 percent so far in 2010, and many of those companies should continue to do well in 2011.

Superior Industries International was trading at $21.59, down $0.05, or 0.23 percent, as of 1:23 PM EST. Magna International was at $52.36, gaining $0.52, or 1.00 percent. TRW Automotive was trading at $52.60, up $1.03, or 2.00 percent. Johnson Controls was at $38.44, up $0.45, or 1.18 percent.

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