Industry: Emerging Leadership – Auto Parts

October 27, 2022, 10:10 am EDT

Emerging Leadership Industry – Auto Parts

There are at least three stocks that made a 52-week new high today in this emerging industry – auto parts:

  • O’Reilly Automotive Inc(ORLY) +4%
  • Autozone Inc (AZO) +3%
  • Genuine Parts Company (GPC) +2%

While popular stocks are tanking like META -23% today and others (GOOGL, MSFT), the auto parts industry is less known by retail traders. However, we care more about performance and returns rather than well-known or popularity.

52-week high or record high indicates strength and potential. We began to watch these stocks and consider adding them to our portfolio at the proper time.

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