Top Automotive Stocks To Keep An Eye On – January 5th

Rivian Automotive, Illinois Tool Works, and Upstart are the three Automotive stocks to watch today, according to MarketBeat’s stock screener tool. Automotive stocks are shares of publicly traded companies involved in designing, manufacturing, selling, or servicing motor vehicles and related components — including OEMs, parts suppliers, dealerships, and EV or mobility-service firms. For investors, these stocks are typically cyclical and capital-intensive, and their performance is sensitive to economic conditions, commodity and labor costs, supply-chain disruptions, and technological or regulatory shifts such as electrification and autonomy. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

Rivian Automotive (RIVN)

Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.

Illinois Tool Works (ITW)

Illinois Tool Works Inc. manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.

Upstart (UPST)

Upstart Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.