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Promising Automotive Stocks To Add to Your Watchlist - August 26th

AutoZone logo with Consumer Discretionary background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat highlights five automotive-related stocks to watch: AutoZone (AZO), Rivian Automotive (RIVN), Keysight Technologies (KEYS), Monolithic Power Systems (MPWR), and SoundHound AI (SOUN), based on recent trading volume.
  • The group provides varied exposure to the industry, spanning automotive replacement parts, electric vehicles, electronic testing, power semiconductors, and voice-AI solutions for vehicles and other markets.
  • Investors should note that these stocks may be affected by vehicle demand, economic conditions, interest rates, supply-chain constraints, and ongoing automotive technology trends.
  • Five stocks to consider instead of AutoZone.

AutoZone, Rivian Automotive, Keysight Technologies, Monolithic Power Systems, and SoundHound AI are the five Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks are shares of publicly traded companies involved in the design, manufacture, sale, or distribution of vehicles, including automakers, parts suppliers, and electric-vehicle companies. For stock market investors, these stocks represent ownership in the automotive industry and may be influenced by vehicle demand, economic conditions, interest rates, supply-chain issues, and technological trends. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

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

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

Keysight Technologies (KEYS)

Keysight Technologies, Inc. provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.

Read Our Latest Research Report on KEYS

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

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

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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