Magna Int'l. (A)

MG-T

TSE:MG

60.83
0.61 (0.99%)
Magna International Inc. is a Canadian global automotive supplier headquartered in Aurora, Ontario, Canada.
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Analysis and Opinions about MG-T

Signal
Opinion
Expert
BUY
BUY
August 27, 2018

It'll be fine after the NAFTA talks. This sector generates good margins and cash flows. Despite the hype over the e-car, manufacturers will continue to go to Magna and its peers for car parts. He has long positions in Magna (and Martinrea). Stock prices in this sector are in a recession, so they can't get much worse.

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Magna Int'l. (A) (MG-T)
August 27, 2018

It'll be fine after the NAFTA talks. This sector generates good margins and cash flows. Despite the hype over the e-car, manufacturers will continue to go to Magna and its peers for car parts. He has long positions in Magna (and Martinrea). Stock prices in this sector are in a recession, so they can't get much worse.

SELL
SELL
August 24, 2018

It has broken a trend line that began in 2016 which is a negative indicator. He would get rid of this stock because looks like it is breaking down. He is bearish on this right now.

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Magna Int'l. (A) (MG-T)
August 24, 2018

It has broken a trend line that began in 2016 which is a negative indicator. He would get rid of this stock because looks like it is breaking down. He is bearish on this right now.

BUY
BUY
August 23, 2018

He really likes it at these valuations. It got on a bit of a tare recently. It is well diversified. Auto sales are slowing but they are diversifying their business into areas of the future. It is difficult to find a problem with its valuation. The recent sell off is due to aluminum tariffs. If your outlook is longer than 6 months you should do well.

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Magna Int'l. (A) (MG-T)
August 23, 2018

He really likes it at these valuations. It got on a bit of a tare recently. It is well diversified. Auto sales are slowing but they are diversifying their business into areas of the future. It is difficult to find a problem with its valuation. The recent sell off is due to aluminum tariffs. If your outlook is longer than 6 months you should do well.

DON'T BUY
DON'T BUY
August 22, 2018

Canada's largest auto-parts maker that's been through a very positive auto-parts cycle. But have we reached peak auto? Cars' lifespans are much longer now. Magna has a big proportion of business in the U.S., but tariffs are holding back these stocks--a big unknown. He prefers to see these stocks 10-15% lower before buying.

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Magna Int'l. (A) (MG-T)
August 22, 2018

Canada's largest auto-parts maker that's been through a very positive auto-parts cycle. But have we reached peak auto? Cars' lifespans are much longer now. Magna has a big proportion of business in the U.S., but tariffs are holding back these stocks--a big unknown. He prefers to see these stocks 10-15% lower before buying.

COMMENT
COMMENT
August 21, 2018

Longer-term trendline remains intact since mid-2016. We're testing it now. Auto parts makers have been under pressure. Saw a bounce and some weakness recently, but look at the trendline. Either take profits or buy on weakness.

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Magna Int'l. (A) (MG-T)
August 21, 2018

Longer-term trendline remains intact since mid-2016. We're testing it now. Auto parts makers have been under pressure. Saw a bounce and some weakness recently, but look at the trendline. Either take profits or buy on weakness.

DON'T BUY
DON'T BUY
August 15, 2018

He is worried about tariffs and NAFTA issues. They recently reported earnings that caused a hit to the stock price. He suspects in the next 2-3 months the stock might recover, but he is worried about trade issues globally.

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Magna Int'l. (A) (MG-T)
August 15, 2018

He is worried about tariffs and NAFTA issues. They recently reported earnings that caused a hit to the stock price. He suspects in the next 2-3 months the stock might recover, but he is worried about trade issues globally.

WAIT
WAIT
August 14, 2018

This is a great company, well managed and well positioned in its industry. However, it is in the cross-hairs of Mr. Trump, which has created great uncertainty. The stock has been penalized because of that. Eventually the stock will drop so far that people will have to buy it, but maybe not yet. He doesn’t believe that Trump will put on the 25% tariff barriers but until that is resolved, the Canadian parts manufacturers’ prices will suffer. When it is resolved, these companies will come back, even though it is late in the cycle.

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Magna Int'l. (A) (MG-T)
August 14, 2018

This is a great company, well managed and well positioned in its industry. However, it is in the cross-hairs of Mr. Trump, which has created great uncertainty. The stock has been penalized because of that. Eventually the stock will drop so far that people will have to buy it, but maybe not yet. He doesn’t believe that Trump will put on the 25% tariff barriers but until that is resolved, the Canadian parts manufacturers’ prices will suffer. When it is resolved, these companies will come back, even though it is late in the cycle.

COMMENT
COMMENT
August 9, 2018

Difficult quarter, lowered guidance. Pounded pretty hard. Long-term it’s fine. Short-term, would be hurt by tariffs on cars. Skilled corporation, and they’re global. If you need someone to build a car for you, Magna can do that. They’re really good at it, whereas new entrants cannot, and it causes real value to be created. Share price could get bruised until the car part of NAFTA settles. (Analysts’ price target is $89.01.)

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Magna Int'l. (A) (MG-T)
August 9, 2018

Difficult quarter, lowered guidance. Pounded pretty hard. Long-term it’s fine. Short-term, would be hurt by tariffs on cars. Skilled corporation, and they’re global. If you need someone to build a car for you, Magna can do that. They’re really good at it, whereas new entrants cannot, and it causes real value to be created. Share price could get bruised until the car part of NAFTA settles. (Analysts’ price target is $89.01.)

DON'T BUY
DON'T BUY
July 27, 2018

He kicks himself for not buying this years ago, despite the recent uncertainty related to NAFTA negotiations. He is not keen on holding auto parts manufacturers right now. Management is top notch, but it is not a sector that is fairly valued. He would wait for better value.

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He kicks himself for not buying this years ago, despite the recent uncertainty related to NAFTA negotiations. He is not keen on holding auto parts manufacturers right now. Management is top notch, but it is not a sector that is fairly valued. He would wait for better value.

TOP PICK
TOP PICK
July 26, 2018

The PE is still only 8-9 times earnings. He likes the space they are in. They are well positioned in the driver autonomy space. It is at a great valuation. (Analysts’ target: $90.08).

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The PE is still only 8-9 times earnings. He likes the space they are in. They are well positioned in the driver autonomy space. It is at a great valuation. (Analysts’ target: $90.08).

COMMENT
COMMENT
July 25, 2018

They are threatened by tariffs, which explains why the stock has sold off. They have a big, diversified business, so long-term the tariffs don't make an issue. If you're a short-term investor then there's a lot of uncertain. If there is a trade deal, then the stock will bounce back. If you're short term or worried, sell; if long-term, hold; if you own a partial positioN, then buy it in tranches.

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They are threatened by tariffs, which explains why the stock has sold off. They have a big, diversified business, so long-term the tariffs don't make an issue. If you're a short-term investor then there's a lot of uncertain. If there is a trade deal, then the stock will bounce back. If you're short term or worried, sell; if long-term, hold; if you own a partial positioN, then buy it in tranches.

HOLD
HOLD
July 19, 2018

He thinks it will be worth around $100 in the future. It is a fantastic business, well run but the negative is the trade wars. He thinks interrupting trade by Trump would be a nail in his coffin. But the auto cycle will turn over in the next 3 to 4 years.

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He thinks it will be worth around $100 in the future. It is a fantastic business, well run but the negative is the trade wars. He thinks interrupting trade by Trump would be a nail in his coffin. But the auto cycle will turn over in the next 3 to 4 years.

DON'T BUY
DON'T BUY
July 17, 2018

This is right in the middle of his “zone.” It could go up or down from here. His model price is $121.13, but this is a cyclical stock near the end of the cycle, so it is unlikely to reach or hold that price. He would buy at $71 and sell at $98. At this price, he would do neither.

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This is right in the middle of his “zone.” It could go up or down from here. His model price is $121.13, but this is a cyclical stock near the end of the cycle, so it is unlikely to reach or hold that price. He would buy at $71 and sell at $98. At this price, he would do neither.

TOP PICK
TOP PICK
July 10, 2018

Has a long runway of growth, but has been beaten up by NAFTA fears. It's pulled back from its recent all-time high by 10%, but it's making a ton of money and is preparing for the next generation of cars, including self-driving ones. Trading at only 9x forward earnings. (Analysts' price target: $89.35)

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Has a long runway of growth, but has been beaten up by NAFTA fears. It's pulled back from its recent all-time high by 10%, but it's making a ton of money and is preparing for the next generation of cars, including self-driving ones. Trading at only 9x forward earnings. (Analysts' price target: $89.35)

WAIT
WAIT
July 6, 2018

Be a little cautious of anything in the automotive area, until dust settles on the tariff question. Magna is on both sides of border, and in Europe. Likes it, one of best managed auto companies in world. Probably one of the best of all the parts makers. Holding this stock long-term has paid off for investors.

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Be a little cautious of anything in the automotive area, until dust settles on the tariff question. Magna is on both sides of border, and in Europe. Likes it, one of best managed auto companies in world. Probably one of the best of all the parts makers. Holding this stock long-term has paid off for investors.

HOLD
HOLD
July 4, 2018

He does not own any auto stocks. He says this has held up better than other competitors, like Linamar (LNR-T). He thinks it is because of its international diversity. It is a hold right now, due to the recent tariff rhetoric.

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He does not own any auto stocks. He says this has held up better than other competitors, like Linamar (LNR-T). He thinks it is because of its international diversity. It is a hold right now, due to the recent tariff rhetoric.

BUY
BUY
June 28, 2018

They made a $300 Million acquisition in Italy. It is a modest sized acquisition for them. They have the integration capabilities to do this type of acquisition. Don't put much stock in the pull back today. They are well diversified geographically. He does not think tariffs on autos are actually going to happen.

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They made a $300 Million acquisition in Italy. It is a modest sized acquisition for them. They have the integration capabilities to do this type of acquisition. Don't put much stock in the pull back today. They are well diversified geographically. He does not think tariffs on autos are actually going to happen.

COMMENT
COMMENT
June 27, 2018

Linamar versus Magna. He likes this space and owns Magna (MG-T), which looks much more attractive on safety issues and overall business plan. He would sell Linamar (LNR-T) in favour of owning Magna.

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Linamar versus Magna. He likes this space and owns Magna (MG-T), which looks much more attractive on safety issues and overall business plan. He would sell Linamar (LNR-T) in favour of owning Magna.

DON'T BUY
DON'T BUY
June 26, 2018

It's 40% European, so whem Trump threatens tariffs on Euro cars, there's some impact here. Perhaps dips caused by Trump's tariffs threats may be buying opportunities, but Trump keeps pressing this issue which makes him nervous.

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It's 40% European, so whem Trump threatens tariffs on Euro cars, there's some impact here. Perhaps dips caused by Trump's tariffs threats may be buying opportunities, but Trump keeps pressing this issue which makes him nervous.

PARTIAL SELL
PARTIAL SELL
June 19, 2018

Good time to take profits? Cautious, because has significantly outperformed Martinrea and Linamar, based on its forays into autonomous vehicles, joint Chinese ventures, and partnership with Lyft. All these are potential financial positives in years down the road. Not expensive, but there is a risk from NAFTA, so yes, take some profits.

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Good time to take profits? Cautious, because has significantly outperformed Martinrea and Linamar, based on its forays into autonomous vehicles, joint Chinese ventures, and partnership with Lyft. All these are potential financial positives in years down the road. Not expensive, but there is a risk from NAFTA, so yes, take some profits.

TOP PICK
TOP PICK
June 14, 2018

Free trade and tariff discussions has been an overhang on this stock. Makes more and more money and continues to gain market share. Continues to develop technology. Super cheap stock. 2% yield. Produces a lot of value. (Analysts’ price target is $90.19)

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Free trade and tariff discussions has been an overhang on this stock. Makes more and more money and continues to gain market share. Continues to develop technology. Super cheap stock. 2% yield. Produces a lot of value. (Analysts’ price target is $90.19)

PAST TOP PICK
PAST TOP PICK
June 12, 2018

(A Top Pick May 17, 2017. Up 45%). Magna is invested across many different manufacturing platforms. They are no longer just in auto parts. They do complete vehicle assembly and have a foothold in autonomous vehicles and AI. They have an integrated factory platform across North America with almost equal numbers of plants in Canada, the United States and Mexico. He thinks they are trading at a modest price to earnings ratio, like all other auto companies. They just aren't getting enough respect.

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(A Top Pick May 17, 2017. Up 45%). Magna is invested across many different manufacturing platforms. They are no longer just in auto parts. They do complete vehicle assembly and have a foothold in autonomous vehicles and AI. They have an integrated factory platform across North America with almost equal numbers of plants in Canada, the United States and Mexico. He thinks they are trading at a modest price to earnings ratio, like all other auto companies. They just aren't getting enough respect.

BUY
BUY
June 11, 2018

They're diversified geographically enough to weather Trump's anti-Canada rhetoric. They're globalized and have gotten into full-vehicle assembly, assembly cars well. Magna will ride through the Trump storm and there will be opportunities to pick up this stock.

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They're diversified geographically enough to weather Trump's anti-Canada rhetoric. They're globalized and have gotten into full-vehicle assembly, assembly cars well. Magna will ride through the Trump storm and there will be opportunities to pick up this stock.

BUY WEAKNESS
BUY WEAKNESS
June 6, 2018

Generally over the summer, higher beta plays like this often soften a bit. It broke out bullishly recently, almost parabolic, and could be over-bought currently. It may pull back towards $75-$80. He would be a buyer on the pullback.

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Generally over the summer, higher beta plays like this often soften a bit. It broke out bullishly recently, almost parabolic, and could be over-bought currently. It may pull back towards $75-$80. He would be a buyer on the pullback.

HOLD
HOLD
June 5, 2018

This is a great company. Magna is an assembler (of cars) which is a good business. As cars become more technologically advanced, companies will probably rely more heavily on assemblers who can integrate the technology into the car. There are short term headwinds from NAFTA and potential reduction in car sales. He sees these as short-term risks and expects the company to be stronger three years from now than today.

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This is a great company. Magna is an assembler (of cars) which is a good business. As cars become more technologically advanced, companies will probably rely more heavily on assemblers who can integrate the technology into the car. There are short term headwinds from NAFTA and potential reduction in car sales. He sees these as short-term risks and expects the company to be stronger three years from now than today.

BUY
BUY
May 28, 2018

They just beat expectations and raised guidance. It accelerated upwards. The auto parts companies don’t seem to reflect risks with NAFTA. He feels it is because the auto parts companies in the US are not actually asking for changes.

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They just beat expectations and raised guidance. It accelerated upwards. The auto parts companies don’t seem to reflect risks with NAFTA. He feels it is because the auto parts companies in the US are not actually asking for changes.

COMMENT
COMMENT
May 28, 2018

If no deal is reached on NAFTA, then the existing rules will continue to apply. He does not think it will have a material impact. The chart is saying the market is not worried about it.

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If no deal is reached on NAFTA, then the existing rules will continue to apply. He does not think it will have a material impact. The chart is saying the market is not worried about it.

DON'T BUY
DON'T BUY
May 25, 2018

He would stay out until the tariff on all foreign cars issue with the US is clearer. Trump is too unpredictable. Excellent company. Trading at 9 times earnings, it looks cheap.

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He would stay out until the tariff on all foreign cars issue with the US is clearer. Trump is too unpredictable. Excellent company. Trading at 9 times earnings, it looks cheap.

BUY
BUY
May 24, 2018

One of the more shareholder friendly companies. They bought back over 30% of their outstanding shares and increased the dividend 10%. It is a bit of a slower growth company but the valuation justifies it. A lot of bad news with NAFTA negotiations is already baked into the stock.

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One of the more shareholder friendly companies. They bought back over 30% of their outstanding shares and increased the dividend 10%. It is a bit of a slower growth company but the valuation justifies it. A lot of bad news with NAFTA negotiations is already baked into the stock.

BUY
BUY
May 18, 2018

He likes the auto parts companies. Average age of cars in the US is 11 ½. You will need parts for new cars and used cars. Positive in the 16 of the last 22 years. Seasonality to but is in the spring. Picks around July. Technically looks very solid. Higher highs and higher lows. Everything looks favorable for the stock. Trading at 10 times earnings.

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He likes the auto parts companies. Average age of cars in the US is 11 ½. You will need parts for new cars and used cars. Positive in the 16 of the last 22 years. Seasonality to but is in the spring. Picks around July. Technically looks very solid. Higher highs and higher lows. Everything looks favorable for the stock. Trading at 10 times earnings.

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