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Top Automotive Stocks Worth Watching - July 22nd

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

Key Points

  • MarketBeat identified seven automotive-related stocks as worth watching on July 22, based on recent high dollar trading volume: Monolithic Power Systems, Penske Automotive Group, O'Reilly Automotive, Rivian Automotive, Ally Financial, SoundHound AI, and AutoZone.
  • The list spans a wide range of automotive exposure, from auto retailers and parts suppliers like O'Reilly and AutoZone to EVs, finance, and software/AI names such as Rivian, Ally Financial, and SoundHound AI.
  • Monolithic Power Systems stands out as a semiconductor supplier tied to automotive and AI applications, while the article also highlights recent MarketBeat coverage suggesting notable investor interest in the stock.
  • MarketBeat previews the top five stocks to own by August 1st.

Monolithic Power Systems, Penske Automotive Group, O'Reilly Automotive, Rivian Automotive, Ally Financial, SoundHound AI, and AutoZone are the seven 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, and servicing of vehicles, as well as related parts and technology. For stock market investors, these stocks represent an opportunity to invest in the automotive industry’s performance, which can be influenced by consumer demand, economic conditions, fuel prices, and technological changes such as electric vehicles and autonomous driving. 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

Penske Automotive Group (PAG)

Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.

Read Our Latest Research Report on PAG

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

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

Ally Financial (ALLY)

Ally Financial Inc., a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

Read Our Latest Research Report on ALLY

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

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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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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