Top Auto Stocks to Buy Now and Hold

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When it comes to getting a safe, secure, and long-term investment in the stock market, there are plenty of options. But when you’re looking to invest money from your retirement fund, or just money you don’t want to see disappear any time soon, you need to choose something that lasts. This article will discuss some of the top auto stocks to buy now and hold for the foreseeable future. These companies all specialize in providing parts or services for cars and trucks of all makes and models. They are also businesses that not only have solid foundations, but can withstand almost any type of economic climate.

Lucid Group (LCID)

The Lucid Group Inc (LCID) currently has a market capitalization of $2.1 billion. This company manufactures electric vehicles, including batteries, motors, transmissions and other key components. The company is based in California and was founded by a couple of engineers who wanted to create something that would be a better option for gas-powered automobiles. The business model is unique in that it brings together electric vehicle manufacturers, research institutes and investors to work towards a common goal. One of the main reasons for LCID’s success is that it is at the forefront of the ongoing electric vehicle revolution. It is a market where growth should be exponential soon.

XPeng (XPEV)

XPeng Motors Inc (XPEV) currently has a market cap of $2.9 billion. It is an electric car manufacturer currently based in Silicon Valley. The company was founded by the same people who founded the Lucid Group. XPEV has received significant media coverage over the past year due to the launch of a unique car model. It is an all-electric SUV nicknamed the “Tesla Slayer”. XPEV is paving the way to a future where electric cars are not only clean, but can also deliver the same level of performance and functionality as regular vehicles. XPEV currently has an order backlog of over $10 billion, so the company should post strong earnings.

Fishermen (FSR)

The Harris Financial Group Inc (FSR) currently has a market capitalization of $22 billion. This financial services company specializes in providing loans and other financing options to the commercial fishing industry. The company was founded over 30 years ago in New Orleans and has grown steadily. It funds everything from new boats to new fishing gear. He also partnered with the United States government to help fishermen affected by Hurricanes Harvey and Irma. With the growing demand for seafood globally and the number of fishing vessels remaining constant, it’s easy to see why FSR has done so well in recent years.

Thor Industries (THO)

Thor Industries Inc (THO) currently has a market capitalization of $27 billion. It is a multinational company that is involved in the design, manufacture and sale of recreational vehicles and other outdoor products, such as lawn mowers. THO was founded in 1978 and is currently headquartered in Wisconsin. It is a public company that has grown steadily throughout its long history. It is one of the largest employers in the state, with approximately 15,000 workers. THO owns several brands, including Airstream, Keystone, Heartland and Forest River. It also owns the Can-Am and Victory motorcycle brands. THO has thrived as a business by offering a wide range of products that appeal to customers. Therefore, chances are you have owned one of their products at some point in your life.

Final Thoughts

Investing in auto stocks may not be for everyone, but there are many viable options for those interested. Moreover, these companies are well established in their niches and will be around for years. If you’re interested in investing in the automotive industry, do your research to determine which companies would be the best fit for your portfolio.

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