Brian Bolan is the Aggressive Growth Stock Strategist for Zacks Investment Research and he is showing us a few names in the auto sector this week. SORL Auto Parts (SORL – Free Report) is a Zacks Rank #1 that has seen a dramatic increase in stock price since posting a blowout earnings report. Brian notes the 140% positive earnings surprise and talks about how the government in China is revving the engine for more public transportation. On the flip side the car rental stocks are being blown off the books. Recent poor earnings reports from Hetz (HTZ – Free Report) and Avis (CAR – Free Report) have made both stocks a Zacks Rank #5 (Strong Sell) as consumers have opted for Uber and Lyft more and more where they used to rent a car. Brian finishes the segment as only he can, an awkward freeze.
Will You Make a Fortune on the Shift to Electric Cars?
Here’s another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It’s not the one you think.