Promising Automotive Stocks To Research - October 23rd

Key Points

• Five automotive-related stocks highlighted: Keysight Technologies, Monolithic Power Systems, Rivian Automotive, AutoZone, and Illinois Tool Works had the highest recent dollar trading volume among automotive stocks tracked by MarketBeat.
• The companies span several areas of the automotive ecosystem, including electronic testing, power semiconductors, electric-vehicle manufacturing, replacement parts retail, and automotive industrial equipment.
• Rivian manufactures electric vehicles such as the R1T pickup and R1S SUV, while AutoZone focuses on replacement parts and accessories across the United States, Mexico, and Brazil.

Keysight Technologies, Monolithic Power Systems, Rivian Automotive, AutoZone, and Illinois Tool Works 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 designing, manufacturing, selling, or supplying vehicles and automotive components. For investors, these stocks may include automakers, electric-vehicle manufacturers, parts suppliers, dealerships, and related businesses, and their performance can be influenced by consumer demand, interest rates, fuel prices, supply chains, and technological change. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

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

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

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

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