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Magna International (NYSE: MGA)

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TT97
 TT97
(@ttrinchi)
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Joined: 5 months ago
Posts: 480
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I am curious here if anyone owns stock in Magna?  (I know not a "Fisker Shareholders" topic but figured close enough.)

I saw this article this morning and got me wondering.  I think a lot of people saw the article as MGA is up almost 5% this morning...

Magna International is Your Auto and EV One-Stop Shop Stock

https://markets.financialcontent.com/stocks/article/marketbeat-2022-10-3-magna-international-is-your-auto-and-ev-one-stop-shop-stock

The stock has been getting hammered this year and the past month but not much different than any other stock.

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Sean Callahan
(@seancallahan)
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@ttrinchi I follow MGA but don't own any shares. MGA is the safer and more diversified play. It's only down about 38% on the year compared to Fisker down 52%. Nice plug in that article for Fisker and I like this line about Magna:

The stock is a one-stop shop for investors seeking a diversified major player riding the megatrends in the auto industry.

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remichex
(@remichex)
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@seancallahan Would be a great investment but have already spent too much on Fisker stock. 😖 🤪 You can probably relate. 


   
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Sean Callahan
(@seancallahan)
Super Moderator Club Member
Joined: 6 months ago
Posts: 1003
 

@remichex I can relate. However, I don't want to be all-in in the auto manufacturing sector. My Consumer Cyclical bet is Fisker. I have 20+ other stocks that are not in the Consumer Cyclical sector.

Fiskerati is my passion project. Follow us on Twitter. Subscribe to our YouTube channel. Download Fiskerati on the Apple App Store and Google Play.

🌊 Ocean One | Big Sur Blue | Black Abyss | 22” F5 AirGlider


   
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remichex
(@remichex)
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Joined: 4 months ago
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@seancallahan Me too, have a broad portfolio but put too much into Fisker for the automotive sector. Crazy speculative move on my part but believe they have a future.


   
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