Best Automotive Stocks To Watch Now - October 29th

Key Points

• O’Reilly Automotive, Monolithic Power Systems, and AutoZone were identified as the automotive stocks with the highest recent dollar trading volume.
• O’Reilly Automotive and AutoZone operate in the automotive aftermarket, selling replacement parts, maintenance products, tools, and accessories across the U.S. and other markets.
• Monolithic Power Systems supplies semiconductor-based power-management solutions for automotive electronics and several other industries, including data centers, communications, and consumer technology.

O'Reilly Automotive, Monolithic Power Systems, and AutoZone are the three Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks are shares of publicly traded companies involved in the design, manufacturing, sale, or supply of vehicles and related products, including automakers, parts manufacturers, and electric-vehicle companies. For investors, these stocks can be influenced by vehicle demand, economic conditions, interest rates, raw-material costs, technological changes, and shifts toward electric and autonomous vehicles. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

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

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

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

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