Best Automotive Stocks To Keep An Eye On – February 3rd

Illinois Tool Works, Monolithic Power Systems, and O’Reilly Automotive are the three Automotive stocks to watch today, according to MarketBeat’s stock screener tool. Automotive stocks are shares of publicly traded companies whose primary business is designing, manufacturing, selling, or supplying motor vehicles and related components and services — including traditional automakers, electric vehicle producers, parts suppliers, dealers, and repair/service firms. Investors use them to gain exposure to the auto industry’s revenue and profit cycles, which are sensitive to consumer demand, commodity and labor costs, interest rates, regulation, and technological shifts like electrification and autonomous driving. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

Illinois Tool Works (ITW)

Illinois Tool Works Inc. manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.

Monolithic Power Systems (MPWR)

Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

O’Reilly Automotive (ORLY)

O’Reilly Automotive, Inc., together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.