The publication convened a transportation roundtable to explore the outlook for automakers and the technologies shaping the industry’s future.
Tesla (TSLA), Uber Technologies (UBER), and Grab Holdings (GRAB) are the top electrification picks of New Street Research’s Pierre Ferragu, while Gamco Investors’ A. Carolina Jolly says underappreciated plays on the logistics of housing and servicing vehicles are Genuine Parts (GPC), O’Reilly Automotive (ORLY), Monro (NASDAQ:MNRO), Universal Technical Institute (UTI), Copart (CPRT), and Snap-on (SNAP). Those stocks are also considered beneficiaries of the push toward autonomous technology.
General Motors (GM) was not totally ignored in all the focus on the automobile industry. GM is called a cheap stock that is not getting credit for the strength of its core automotive business and is seen as well positioned in electric vehicles and autonomous vehicle technology.