The S&P 500 is expected to return around 10% for 2015 – year-to-date though, it's only up 2.35%. Yields on bonds are slowly tracking higher in advance of the Fed interest rate hike, but still remain far below historical averages. Commodities haven't fared well either with oil plunging in the past year and gold trading relatively flat. However, there's no such thing as a market without opportunity.
The auto parts industry is growing at a tremendous rate – for one company, the 5-year expected EPS growth rate is over 20%. In April, I wrote about the opportunities in the auto industry for manufacturers. The auto parts segment is a great way to play off of that angle.
A significant tailwind for the industry is the fall in gas prices that we've seen over the last few months. While prices have begun to rise again, consumers have already been logging more miles in their vehicles since they can travel further for the same cost. Increased wear and tear on motor vehicles translates into high demand for auto parts. Continue reading "This Stock Is Best In Class In The High Growth Auto Parts Industry"