Magna Int'l. (A)

MG-T

TSE:MG

61.94
2.47 (4.15%)
Magna International Inc. is a Canadian global automotive supplier headquartered in Aurora, Ontario, Canada.
More at Wikipedia

Analysis and Opinions about MG-T

Signal
Opinion
Expert
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.

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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.

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.
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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.
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.
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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.
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.
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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.
BUY
BUY
April 30, 2019
It's broken past its consolidation and he's bullish about it.
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Magna Int'l. (A) (MG-T)
April 30, 2019
It's broken past its consolidation and he's bullish about it.
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.
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Magna Int'l. (A) (MG-T)
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.
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.
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Magna Int'l. (A) (MG-T)
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.
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.
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Magna Int'l. (A) (MG-T)
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.
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.
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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.
DON'T BUY
DON'T BUY
April 5, 2019
In a trading zone. A dividend grower. He would not be a buyer right now as it is lacking any trending action. It needs to move above $73 until he would be interested.
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In a trading zone. A dividend grower. He would not be a buyer right now as it is lacking any trending action. It needs to move above $73 until he would be interested.
DON'T BUY
DON'T BUY
March 25, 2019
A good company with big cash reserves and fine performance, but there's a lot of negativity in auto parts now. He doubts the stock will rise in the near future, but historically, they survive these down trends and do things like share buybacks. MG could be on his radar down the line.
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Magna Int'l. (A) (MG-T)
March 25, 2019
A good company with big cash reserves and fine performance, but there's a lot of negativity in auto parts now. He doubts the stock will rise in the near future, but historically, they survive these down trends and do things like share buybacks. MG could be on his radar down the line.
DON'T BUY
DON'T BUY
March 13, 2019
He keeps watching it. Great balance sheet. They've been growing their dividend this cycle, but auto sales have rolled over. Magna is still making good money, but trading at 7-8x earnings because the market believes that the auto companies are rolling over; production and sales have rolled over. He's cautious about it. He may buy it 10-15% lower.
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Magna Int'l. (A) (MG-T)
March 13, 2019
He keeps watching it. Great balance sheet. They've been growing their dividend this cycle, but auto sales have rolled over. Magna is still making good money, but trading at 7-8x earnings because the market believes that the auto companies are rolling over; production and sales have rolled over. He's cautious about it. He may buy it 10-15% lower.
WEAK BUY
WEAK BUY
March 11, 2019
Head and shoulders chart and now at the head. Beware of the top, but beyond that he likes this chart.
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Magna Int'l. (A) (MG-T)
March 11, 2019
Head and shoulders chart and now at the head. Beware of the top, but beyond that he likes this chart.
PAST TOP PICK
PAST TOP PICK
March 7, 2019
(A Top Pick Feb 06/18, Up 1%) You get the diversification when you own this. They are well positioned to where future growth is coming from. He continues to own it. It is not expensive and you get a reasonable dividend.
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(A Top Pick Feb 06/18, Up 1%) You get the diversification when you own this. They are well positioned to where future growth is coming from. He continues to own it. It is not expensive and you get a reasonable dividend.
DON'T BUY
DON'T BUY
February 28, 2019
It is cheap trading at 8 times forward earnings. Slowing global auto production levels could affect them. 53% of the sales come from the Detroit 3. We are late cycle. Not something he wants to own. Technically doesn't look good. Deep cyclical company.
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Magna Int'l. (A) (MG-T)
February 28, 2019
It is cheap trading at 8 times forward earnings. Slowing global auto production levels could affect them. 53% of the sales come from the Detroit 3. We are late cycle. Not something he wants to own. Technically doesn't look good. Deep cyclical company.
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