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Best Automotive Stocks To Watch Now - May 1st

Monolithic Power Systems logo with Computer and Technology background
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Key Points

  • MarketBeat highlights seven Automotive stocks to watch today: Monolithic Power Systems (MPWR), Rivian (RIVN), AutoZone (AZO), O'Reilly (ORLY), SoundHound AI (SOUN), Illinois Tool Works (ITW), and AutoNation (AN), selected for their recent highest dollar trading volume.
  • Automotive stocks are cyclical and sensitive to consumer demand, commodity prices, interest rates, and technological or regulatory shifts like electrification and autonomy, which can materially affect their risk profiles and valuations.
  • Monolithic Power Systems (MPWR) is singled out for its DC‑to‑DC power ICs used across automotive, data center, and communications markets, and the stock's recent surge has prompted questions about its valuation.
  • Interested in Monolithic Power Systems? Here are five stocks we like better.

Monolithic Power Systems, Rivian Automotive, AutoZone, O'Reilly Automotive, SoundHound AI, Illinois Tool Works, and AutoNation are the seven Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks are equity shares of companies involved in designing, manufacturing, distributing, and servicing motor vehicles and related components and technologies — including traditional automakers, parts suppliers, dealerships, electric-vehicle makers, and mobility-service firms. For investors, these stocks are often cyclical and sensitive to consumer demand, commodity prices, interest rates, and technological or regulatory shifts (e.g., electrification and autonomy), which affects their risk profile and valuation. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

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.

Read Our Latest Research Report on MPWR

Rivian Automotive (RIVN)

Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.

Read Our Latest Research Report on RIVN

AutoZone (AZO)

AutoZone, Inc. retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.

Read Our Latest Research Report on AZO

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.

Read Our Latest Research Report on ORLY

SoundHound AI (SOUN)

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.

Read Our Latest Research Report on SOUN

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.

Read Our Latest Research Report on ITW

AutoNation (AN)

AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.

Read Our Latest Research Report on AN

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Should You Invest $1,000 in Monolithic Power Systems Right Now?

Before you consider Monolithic Power Systems, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Monolithic Power Systems wasn't on the list.

While Monolithic Power Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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