Magna Int'l. (A)
MG-T
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About Magna Int'l. (A) (MG-T)
Magna International Inc. is a Canadian global automotive supplier headquartered in Aurora, Ontario, Canada.
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Expert
DON'T BUY
DON'T BUY
July 12, 2019
Among Canadian car-parts-makers, they have the most exposure to Daimler, which just issued a weak earnings report. This sector appear to have bottomed, so maybe consider it now. He prefers Linamar, which is cheaper (offers a lower valuation) and it is not purely into cars, but also some industrial production.
Automotive
COMMENT
COMMENT
June 24, 2019
As the cycle ends. The market pays for growth and Magna had a weak Q1 and lowered guidance. M&A hasn't worked out as planned. No doubt that car sales have slowed. They're in a very cyclical business and we could be at the end of the cycle. Managers are good capital allocators and will fix their China problem. Emerging markets continue to grow and will feed demand for cars, even near the end of the peak.
As the cycle ends. The market pays for growth and Magna had a weak Q1 and lowered guidance. M&A hasn't worked out as planned. No doubt that car sales have slowed. They're in a very cyclical business and we could be at the end of the cycle. Managers are good capital allocators and will fix their China problem. Emerging markets continue to grow and will feed demand for cars, even near the end of the peak.
Automotive
WEAK BUY
WEAK BUY
June 18, 2019
It broke through the down trend back in early 2019 and had been making some motions to see a reversal. However, the recent new lows below $60 may be signalling a resumption of the longer term bear trend. Key support near $60. He would be out if that level is breached. A rally with 10-15% upside is possible.
It broke through the down trend back in early 2019 and had been making some motions to see a reversal. However, the recent new lows below $60 may be signalling a resumption of the longer term bear trend. Key support near $60. He would be out if that level is breached. A rally with 10-15% upside is possible.
Automotive
DON'T BUY
DON'T BUY
June 11, 2019
She is on the sidelines for the auto parts sector. MG-T had to reduce guidance lately with a slow down coming in Europe. Meanwhile the company is investing in expensive autonomous technology. She is staying away.
She is on the sidelines for the auto parts sector. MG-T had to reduce guidance lately with a slow down coming in Europe. Meanwhile the company is investing in expensive autonomous technology. She is staying away.
Automotive
PAST TOP PICK
PAST TOP PICK
May 17, 2019
(A Top Pick Jul 10/18, Down 24%) They had a lousy Q1. They overpaid an acquisition in China. They had a write-down elsewhere. Good managers, but the market didn't cut them a break over these mistakes. They still generate a lot of free cash flow and he expects heavy share buybacks to come. This is a screaming buy.
(A Top Pick Jul 10/18, Down 24%) They had a lousy Q1. They overpaid an acquisition in China. They had a write-down elsewhere. Good managers, but the market didn't cut them a break over these mistakes. They still generate a lot of free cash flow and he expects heavy share buybacks to come. This is a screaming buy.
Automotive
DON'T BUY
DON'T BUY
May 15, 2019
He recommended it last December, but the chart has since deteriorated and is still finding a floor. He's now cautious. Resistance is at $62. He wants to see more volume before he reconsiders.
He recommended it last December, but the chart has since deteriorated and is still finding a floor. He's now cautious. Resistance is at $62. He wants to see more volume before he reconsiders.
Automotive
DON'T BUY
DON'T BUY
May 14, 2019
The stock has taken a hit since they reported weaker earnings, but they are a global operator and pay a decent yield. He owns no car stocks; it's a tough sector with trade tensions overhanging it. He slightly prefers Martinrea.
The stock has taken a hit since they reported weaker earnings, but they are a global operator and pay a decent yield. He owns no car stocks; it's a tough sector with trade tensions overhanging it. He slightly prefers Martinrea.
Automotive
DON'T BUY
DON'T BUY
May 9, 2019
We were seeing an extended cycle for the autos. Now we are seeing some erosion in sales. We are almost at the support level. It looks like we are in a head and shoulders pattern. He would not look at it.
We were seeing an extended cycle for the autos. Now we are seeing some erosion in sales. We are almost at the support level. It looks like we are in a head and shoulders pattern. He would not look at it.
Automotive
DON'T BUY
DON'T BUY
May 8, 2019
He sold it last fall because the auto cycle is maturing (sales have peaked in North America where Magna has one-third of its business), and Magna was having trouble with a joint venture in China where it's hard to enforce contracts. True, the stock has bounced back since he sold last fall, but he'd still be out.
He sold it last fall because the auto cycle is maturing (sales have peaked in North America where Magna has one-third of its business), and Magna was having trouble with a joint venture in China where it's hard to enforce contracts. True, the stock has bounced back since he sold last fall, but he'd still be out.
Automotive
WEAK BUY
WEAK BUY
May 6, 2019
Like the chart. It broke below its 20-day moving average. It had a hammer pattern last year that flushed out a lot of weak hands/investors. It's now testing $71-72. If it slips below that, it will fall to $67. Falling to $61 is not a good sign. You can buy it now and happily hold it for a year.
Like the chart. It broke below its 20-day moving average. It had a hammer pattern last year that flushed out a lot of weak hands/investors. It's now testing $71-72. If it slips below that, it will fall to $67. Falling to $61 is not a good sign. You can buy it now and happily hold it for a year.
Automotive
BUY
BUY
April 30, 2019
It's broken past its consolidation and he's bullish about it.
It's broken past its consolidation and he's bullish about it.
Automotive
HOLD
HOLD
April 24, 2019
He owns it and is glad to see it having a good year. It trades at 8 times earnings -- cheap he thinks. If you are looking at a balanced portfolio, this is good to include. He is not ecstatic about the auto space, he still likes owning it. They sell parts to all the manufacturers.
He owns it and is glad to see it having a good year. It trades at 8 times earnings -- cheap he thinks. If you are looking at a balanced portfolio, this is good to include. He is not ecstatic about the auto space, he still likes owning it. They sell parts to all the manufacturers.
Automotive
DON'T BUY
DON'T BUY
April 15, 2019
It's late in the cycle for Magna, though it's done very well. They are vulnerable to an auto war/tariffs, and it faces Tesla and other tech competitors that are coming.
It's late in the cycle for Magna, though it's done very well. They are vulnerable to an auto war/tariffs, and it faces Tesla and other tech competitors that are coming.
Automotive
DON'T BUY
DON'T BUY
April 11, 2019
Owned this for years, but sold it last October because its valuation got too high. Magna also had problems with a join venture in China, which is difficult to resolve. Add to that the auto cycle is plateauing.
Owned this for years, but sold it last October because its valuation got too high. Magna also had problems with a join venture in China, which is difficult to resolve. Add to that the auto cycle is plateauing.
Automotive
BUY
BUY
April 9, 2019
He recommended this in December and likes it here. $75 will be an important resistance test. He likes this chart and the auto space. His target is $77-80 to May/June when you could take some profits.
He recommended this in December and likes it here. $75 will be an important resistance test. He likes this chart and the auto space. His target is $77-80 to May/June when you could take some profits.
Automotive
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Among Canadian car-parts-makers, they have the most exposure to Daimler, which just issued a weak earnings report. This sector appear to have bottomed, so maybe consider it now. He prefers Linamar, which is cheaper (offers a lower valuation) and it is not purely into cars, but also some industrial production.