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Searching for Safety and Alpha Amid Covid-19

Fear and Volatility

Published March 26, 2020


  • With Covid-19 coronavirus fears running rampant and volatility surging, we examine the various automotive sub-industries and individual names in search of safety, earnings stability, and alpha generation. 

  • We look at each company’s beta, leverage, dividend yield/payout ratio, share performance during the last recession, and other metrics to determine which names are most likely to outperform in a risk-off bear market environment. 

  • We find AZO, GPC, and ORLY to be most favorably positioned in the current market environment and ADNT, CVNA, and THO the least favorably positioned.



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