He's whethered some negative performance and is hanging on. They're well-positioned globally to make car parts but also assemble entire cars. Their business will grow as other names die off, because they can't adapt to changes. Magna has put plants in Europe. They can move production around now that NAFTA is resolved, though it will take a few quarters.

When concern over NAFTA emerged, the Canadian economy could have been effected but not the stock market – except for auto manufacturers. As interest rates rise, the first thing to get hit seems to be auto sales in the US. He would consider buying on further weakness.  

In light of the USMCA (NAFTA deal) deal today: Magna is a world-class company, but autos are late in the cycle.

Once concerns over NAFTA are ironed out this stock should recover.  If you own it, continue to hold.  

She doesn’t own any auto parts companies and sees the recent price declines as a direct reflection of the NAFTA uncertainty. If she was going to buy in this sector, she would look first at Magna, which is diversifying into the EU. She will wait until after there is clarity about NAFTA, even though that clarity will cause prices to rise (if the news is good) before she buys the stock.

It is a buy where it is despite NAFTA troubles which are baked into the stock price.  But he would stay on the sidelines until the dust settles even though it might be higher then.