Magna Int'l. (A) (MG.TO)

Respects its business. If valuation swung in its favour, he'd look to add. Issues last quarter when margins and earnings were much lower than anticipated. Inflation challenges, plus more exposed to Europe. Good time to get in given increase in auto production over next 2 years. His choice in the sector is LNR. 

A great company, but shares plunged in February after they issued weak guidance and numbers. The current $70 price is resistance, so you can buy a partial position and see what happens. Certainly enter around $65.

Better off owning suppliers rather than OEM auto companies. Difficult to transition from combustion to electric. Tough to keep both sides going. Massive buildup on the EV side will help, but combustion provides the cash. Cheap for a reason. A trade at best, not for the long term.

He does think there's some benefit in auto parts/repair. These companies are better value and have more upside. Interest rates will be challenging for a bigger purchase like a car. People who buy cars also tend to have mortgages. That's why he favours parts companies over the auto makers.

High quality. International company. A top 3 supplier of auto parts globally. Historically, inexpensive. It has been volatile. Microchip shortages plus higher interest rates impacting sales. Hold. On a pullback to around $75, add to your position. Nice dividend, well managed.