The Goodyear Tire & Rubber Company (GT): One of the Best Auto Components and Part Stocks to Buy Right Now

Insider Monkey10-21

We recently compiled a list of the 7 Best Auto Components and Parts Stocks to Buy Right Now. In this article, we are going to take a look at where The Goodyear Tire & Rubber Company (NASDAQ:GT) stands...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2477092615?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/mFchB20EcJvz..DbjnxRow--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/f86f0000064706485602fe8d33e6f052","is_english":true,"pubTime":"2024-10-21 03:38","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2477092615","market":"us","top_or_hot":-1,"title":"The Goodyear Tire & Rubber Company (GT): One of the Best Auto Components and Part Stocks to Buy Right Now","media":"Insider Monkey","content":"<div>\n<p>We recently compiled a list of the 7 Best Auto Components and Parts Stocks to Buy Right Now. In this article, we are going to take a look at where The Goodyear Tire & Rubber Company (NASDAQ:GT) stands...</p>\n\n<a href=\"https://finance.yahoo.com/news/goodyear-tire-rubber-company-gt-193850874.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Goodyear Tire & Rubber Company (GT): One of the Best Auto Components and Part Stocks to Buy Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Goodyear Tire & Rubber Company (GT): One of the Best Auto Components and Part Stocks to Buy Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-21 03:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/goodyear-tire-rubber-company-gt-193850874.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 7 Best Auto Components and Parts Stocks to Buy Right Now. In this article, we are going to take a look at where The Goodyear Tire & Rubber Company (NASDAQ:GT) stands...</p>\n\n<a href=\"https://finance.yahoo.com/news/goodyear-tire-rubber-company-gt-193850874.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2357305700.SGD","symbol_name":"Allianz Global Artificial Intelligence ET H2-SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/goodyear-tire-rubber-company-gt-193850874.html","article_id":"2477092615","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/mFchB20EcJvz..DbjnxRow--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/f86f0000064706485602fe8d33e6f052"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477092615","pubTimestamp":1729453130,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 7 Best Auto Components and Parts Stocks to Buy Right Now.In this article, we are going to take a look at where The Goodyear Tire & Rubber Company  stands against the other auto components and parts stocks.Auto Sector Outlook Adjusted with Focus on Innovation and Market Realities. As reported by Barron’s on September 10, Deutsche Bank analyst Edison Yu analyzed the U.S. automotive industry and gave a cautious outlook. Out of 17 car companies he reviewed, only three were rated as Buy, which is lower than usual. Yu thinks the U.S. car market is reaching the end of its growth phase after the boost it got post-pandemic. While the situation is not collapsing, he pointed out that high car prices, expensive payments, and high used car prices are making the future of new car prices less promising.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","QLD":"纳指两倍做多ETF","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4588":"碎股","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","TQQQ":"纳指三倍做多ETF","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","PSQ":"纳指反向ETF","GT":"固特异轮胎橡胶公司","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4119":"轮胎与橡胶","BK4581":"高盛持仓","BK4504":"桥水持仓","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0106831901.USD":"贝莱德世界金融基金A2",".IXIC":"NASDAQ Composite","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","BK4127":"投资银行业与经纪业","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU0971096721.USD":"富达环球金融服务 A","LU1548497426.USD":"安联环球人工智能AT Acc","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","QID":"纳指两倍做空ETF","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","SQQQ":"纳指三倍做空ETF"},"translate_title":"固特异轮胎橡胶公司(GT)：目前最值得购买的汽车零部件股票之一","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GT":1,".IXIC":0.75,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"We recently compiled a list of the 7 Best Auto Components and Parts Stocks to Buy Right Now. In this article, we are going to take a look at where The Goodyear Tire & Rubber Company (NASDAQ:GT) stands against the other auto components and parts stocks.\nAuto Sector Outlook Adjusted with Focus on Innovation and Market Realities\nAs reported by Barron’s on September 10, Deutsche Bank analyst Edison Yu analyzed the U.S. automotive industry and gave a cautious outlook. Out of 17 car companies he reviewed, only three were rated as Buy, which is lower than usual. Yu thinks the U.S. car market is reaching the end of its growth phase after the boost it got post-pandemic. While the situation is not collapsing, he pointed out that high car prices, expensive payments, and high used car prices are making the future of new car prices less promising.\nOther analysts also showed a similar sentiment as we discussed in our article about the most undervalued auto stocks to buy. Here is an excerpt from the article:\n\n“As reported by TipRanks, Morgan Stanley recently released a report, in which in which it pointed out major changes in the automotive industry, mainly due to China’s growing production capabilities. The firm mentioned that China is now making 9 million more cars than it sells, which is shaking up competition in the Western market.\nDue to this, the bank has downgraded its assessment of the U.S. auto industry from Attractive to In-Line. The change reflects rising vehicle inventories in the U.S., affordability challenges for consumers, and an increase in credit defaults among less-than-prime borrowers.\nOn a brighter note for car dealerships, the bank upgraded several franchise dealer stocks to Overweight.”\n\nMore Americans Owe More Than Their Cars Are Worth\nA report from Edmunds.com reveals that more Americans with auto loans now owe more than their vehicles' worth, with the average upside-down loan reaching a record $6,458 in the third quarter. This reflects rising financial strain on consumers, as delinquency rates on auto loans have also surpassed pre-pandemic levels.\nWhile owing slightly more than a vehicle's value isn't necessarily critical, Edmunds noted that 22% of borrowers with negative equity owe over $10,000, and 7.5% owe more than $15,000. The issue stems largely from consumers who bought vehicles at inflated prices during the pandemic, with their values dropping as inventories recovered.\nPrime Auto Loans Show Strain but Broader Crisis Unlikely\nMatthew Mish, UBS head of credit strategy, recently joined CNBC’s 'Squawk on the Street' and highlighted growing concerns around auto loan delinquencies. While traditionally, subprime loans were the primary concern, prime loans, which represent 80-85% of auto loans, are now showing elevated delinquency levels approaching those seen in 2009. However, Mish emphasized that net losses are not increasing at the same rate as delinquencies, partly due to a trend called \"churning,\" where borrowers miss payments but then catch up.\nDespite these concerns, he noted that auto loans only make up a small portion of household and bank debt. Mish also pointed out that consumer credit, especially auto and credit card loans, may face more challenges moving forward, but he downplayed the possibility of a broader financial crisis. He further indicated that while mortgage delinquencies are rising, they remain below historical averages, and the focus should be on consumer loans.\nThe bank downgraded its view on high-yield auto credit to Underweight, but Mish advised caution and noted that the data does not yet indicate a severe economic downturn.\nOur Methodology\nFor this article, we used stock screeners to identify over 30 auto components and parts stocks with a market cap above $300 million. We narrowed our list to 7 stocks most widely held by institutional investors. The stocks are listed in ascending order of their hedge fund sentiment, which was taken from Insider Monkey’s Q2 database of 912 hedge funds.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A tire manufacturing plant, showing the mechanization and efficiency of the company's operations. \nThe Goodyear Tire & Rubber Company (NASDAQ:GT)\nNumber of Hedge Fund Holders: 36\nThe Goodyear Tire & Rubber Company (NASDAQ:GT) is one of the biggest and oldest tire manufacturers in the world. The company operates across most regions globally and has 54 facilities in 21 countries.\nIt offers a wide range of tires for vehicles, including automobiles, trucks, buses, and aircraft, and markets products under brands such as Goodyear, Cooper, Dunlop, and others. In June 2021, Goodyear acquired Cooper Tire for $3.1 billion.\nGoodyear’s (NASDAQ:GT) is structured into three regional segments: Americas, EMEA (Europe, Middle East, and Africa), and Asia Pacific. The company is focusing on its \"Goodyear Forward\" plan, launched in November 2023, which aims to optimize its portfolio and improve margins. The plan includes actions to generate over $2 billion from portfolio optimization, reduce costs by $1 billion annually by 2025, and double segment operating income margins to 10% by the end of 2025.\nThe company’s stock has been beaten down quite significantly this year as it has dropped by over 41%, as of October 16. However, it is now trading at a very cheap forward price-to-earnings multiple of 8.8, a nearly 50% discount to its sector median.\nOverall GT ranks 5th on our list of the best auto components and parts stocks to buy. While we acknowledge the potential of GT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nRead Next: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477092615"}