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Promising Automotive Stocks To Follow Now - April 29th

Monolithic Power Systems logo with Computer and Technology background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat’s screener identifies five automotive stocks with the highest recent dollar trading volume: Monolithic Power Systems, AutoZone, O'Reilly Automotive, Illinois Tool Works, and Rivian.
  • Monolithic Power Systems is singled out for its semiconductor-based power electronics used across automotive, data center, and consumer markets and has recently surged, prompting coverage on whether its valuation has caught up.
  • The list spans subsectors—from aftermarket retailers (AutoZone, O'Reilly) and an industrial/automotive supplier (Illinois Tool Works) to an EV maker (Rivian)—highlighting investor interest across traditional and electrification-related automotive plays.
  • Five stocks to consider instead of Monolithic Power Systems.

Monolithic Power Systems, AutoZone, O'Reilly Automotive, Illinois Tool Works, and Rivian Automotive are the five Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks are shares of publicly traded companies whose primary business involves designing, manufacturing, selling, or servicing motor vehicles and their components—this category includes automakers, parts suppliers, dealerships, and related technology or service firms. Investors use them to gain exposure to vehicle demand and industry trends (for example, electrification and autonomous tech), while bearing the sector’s cyclical sensitivity to economic conditions, fuel prices, supply chains, and regulatory changes. 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

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

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

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

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.

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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