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MAGNA INTERNATIONAL INCMAGNA INTERNATIONAL INCMAGNA INTERNATIONAL INC

MAGNA INTERNATIONAL INC

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MGA/N trade ideas

All Gaps Must FillA gap from Dec 2020 was closed in trading yesterday. It would seem that asset managers are liquidating assets of companies with large manufacturing operations in Russia. Magna has 2,500 employees in Russia in 6 facilities. Russia conflict is likely to add even more supply chain constraints for auto manufacturers. I really like Magna, should the conflict in Russia resolve itself, Magna will be positioned as a great investment opportunity on a discount with a good dividend.
NYSE:MGA
by SPYvsGME
MGA : BLUE SKY / SWING TRADEMagna has an impressive 63-year storied history which includes countless innovative collaborations within the auto industry. Over the six decades, Magna has developed the expansive core competencies across all components and manufacturing processes that make up the complete automobile. Not only does Magna have a manufacturing presence in 27 countries, they also have extensive engineering expertise in design and product development. They are a tier 1 supplier to the auto industry that really should be looked at as an automotive OEM. Magna has produced 29 models and over 3.7 million complete vehicles over the years and these aren't all just your ordinary variety of economy vehicles. In fact, Magna is the producer of the iconic G-Class Benz. Now as the World begins to take its first steps into a future where electric-powered vehicles will ultimately take over the market from the internal combustion engine predecessors, this many decades-old company is at the forefront. Remarkably, it is almost like the history and experiences that Magna has gone through over the many years was all in preparation for this moment in time. Whereas Tesla Inc. has pioneered the all-electric concept and proved to the World that mass production would be embraced, Magna is positioned to become the leader in the global scaling out. Magna has all of the pieces in place to help these new companies turn their concepts into reality. They can start from a clean sheet of paper then move into the engineering and design phase, flow into the process and manufacturing phase and all the way through to final paint and assembly. Now that’s a great position to be in at these early stages of such a massive disruption. SOURCE : Magna International: Innovative EV Start-Up Collaborator Disguised As An Old Dividend-Paying Parts Supplier, SimpliStk, SeekingAlpha seekingalpha.com
NYSE:MGALong
by TradingMavericks
Apple Car - Magna Internationalsince the original rumors regarding the Apple electric car being assembled by the canadian-owned Magna Company the company stocks have been on the rise. The expectancy went a little bit too far and a divergence in the MACD has currently formed. After a light price correction, the Price might go higher. The first Fibonacci extension was elected as point of exit for the Long... the Hype might push the price higher though... will keep you posted.
NYSE:MGALong
by doooob
1
MAGNA -- NICE GROWTH CHART formingMAGNA -- NICE GROWTH CHART forming - riding a channel upwards. EVs and self driving Magna’s stunning performance could be a long-term trend. That’s because the company is gradually establishing itself as a key player in the electric vehicle and self-driving spaces. The company recently inked a deal with LG to start manufacturing batteries for electric vehicles. Meanwhile, it’s been working with its network of 43 car manufacturers across the world to create a unified self-driving platform. Billions of dollars have been invested in this space, which puts the company in a great position to offer these parts and systems to nearly every electric car maker in the world over the next decade. These parts and systems also have higher margins, which means Magna’s profitability could noticeably improve over time. Magna stock valuation For the year ahead, Magna forecasts sales of roughly US$40 to US$41 billion, or up to $51.7 billion. That means the stock is trading at a forward price-to-sales ratio of 0.6. It’s also trading at a price-to-earnings ratio of roughly 12. Effectively, Magna could be the most reasonably priced stock in this sector of global transport. Analysts have raised their price target for the stock after its recent quarterly report. Consensus suggests the stock could have as much as 20% upside this year. That makes Magna stock worth a closer look for both growth- and income-seeking investors. ---------- KEY: 50-day moving average Stock price above the 50-day moving average is considered bullish. Stock price below 50-day moving average is considered bearish. If the price meets the 50 day SMA as support and bounces upwards, you should think long. Stock price meets the 50-day SMA as resistance and bounces downwards, you should think short. In technical analysis, a Fibonacci retracement is created by taking two extreme points (usually a peak and a trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%. ___________________________________ Disclaimer: These are just opinions and current thoughts, which may change. Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts of patterns seen in the markets. Thank you.
TSX:MGLong
by eziolisi_Investments
MAGNA - pullback on the channel was expectedMAGNA - Normal pullback on the channel expected as seen for now... should have some support possibly.. It is RIDING the weekly channel upward for quite a few months...with pullbacks on the FIB.382 LINE AREAS consistent. Looking for some strong volume to change direction next week. It is quite a bit high above the 50MA, so some cause for concern....but may depend on the overall market. AS DOW NASDAQ Drops hard..so does most every stock in general sense...as we saw this FRIDAY. some exceptions rode UP ie. GME MARA BITCOIN, etc... NOTE: drilling down closer on charts ---- on the 5 min channel ---- you can see volume jump... 424 K bought right at close 4pm. Lets see if it reverses up next week after this down turn...over the past days since Jan 18 drop. Right now, Magna is sporting a Zacks Rank of #1 (Strong Buy) Magna earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is only part of the picture for value investors. Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels. "It’s a vehicle parts and mobility technology firm that has recently increased its efforts to benefit from the EV revolution. The company has also raised its stake in the artificial intelligence and autonomous vehicle segments lately. In December 2020, Magna International and LG Electronics — the South Korean tech giant — formed a joint venture. The joint venture aims to help these companies expand in the fast-growing powertrain electrification market. The joint venture would focus on EV components such as e-motors and inverters." KEY: 50-day moving average Stock price above the 50-day moving average is considered bullish. Stock price below 50-day moving average is considered bearish. If the price meets the 50 day SMA as support and bounces upwards, you should think long. Stock price meets the 50-day SMA as resistance and bounces downwards, you should think short. ___________________________________ Disclaimer: These are just my opinions and current thoughts. Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
TSX:MG
by eziolisi_Investments
1
BUY to MAGNA INTERNATIONAL DailyHey traders, MAGNA INTERNATIONAL is in a fake bearish configuration with a high volume of sales executed at the end of the session with a hammer bear candle. On the TIMEFRAME M1 we can see a panic, it goes in the direction of its last precedent lower. Which is also on a strong support and renogiciation for a price increase to see. Strong possibility of breaking out the stabilization zone then arriving at another and going to the first top of it. Between three resistance to break with a symbolic number of 57.30. Please LIKE & FOLLOW, thank you!
NYSE:MGAShort
by stephanelibatd