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Magna International Inc. (MG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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107.19+3.29 (+3.17%)
At close: 4:00PM EST
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  • G
    GeneralDivy
    Magna is the tier 1 front runner for all EV battery trays/boxes that house the battery modules and BDUs... they just released yesterday that they are investing 70M in building a new plant to mass produce these types of products. If EVs are the future, then Magna has set themselves up beautifully to be the only battery box supplier in this commodity.
  • b
    bigbear
    Today action (Tuesday 2/23/21) for the record the market can be so without reason. This down draft was all about the 10 year bond hitting 1.37%, logic behind this was insane. A copy and paste from WSJ = "Treasurys" have sold off in recent weeks as investors have grown increasingly confident about the prospects for an economic recovery, pushing up their yields, which move in the opposite direction from prices. That increases the attractiveness of government bonds—often seen as a safe-haven investment—while reducing the allure of tech stocks. Now you tell me who would sell their high tech stocks for a paultry 1.37% yield locked in for 10 years. I would go to Vegas and play the slot machine before I would move money in the the 10 year Bond. This is left over folk lore from 40 years ago. Now is MGA a high tech company to some degree they are?? In the near future they will provide the EV market with cutting edge products for these new cars.
    By the end of the day they will be near even for the day!
    It said = while reducing the allure of tech stocks. They think 1.37 % gets me excited, give me a break.
    Only my high tech holdings and a good center fold will do that! Also , when I run in a 30 foot putt for par or birdie!!
  • T
    Thomas
    Lets be frank....This stock is primed for EV takeoff....IMO there will only be a handful of companies that will be a True EV player...Magna is one of these companies...Next 5 years this stock could triple IMO
  • A
    Adam
    Not too many safe places to park your cash and still outpace bonds and high yield-dividend/REIT plays right now. This is one of them.
  • r
    robert carlson
    Looks like a breakout on higher than average volume today... made me add some. Regardless of the actual figures in the coming report, I'm sure they will have positive comments about the future and that's all it takes in this hyper-electrified market.
  • B
    BLUE
    extremely undervalued
  • b
    bigbear
    MGA is the Picks and Shovels in the EV space!! Way under valued. MGA is like the companies that supply the Chip making gear to the Semiconductor makers like Intel and TCM. Also, no matter what company is making the best EV cars MGA will be a in that car. They cover the whole world of Car making!!
  • M
    Mike
    Apple and Magna would make a great partnership
  • S
    S.R.
    Waiting for a market correction to get in, MGA is prime for a nice run next 5 years. Great find.
  • Y
    YLnavz
    can someone explain to me what's happening? why is stock rising at a lower volume?
  • A
    Aleks
    I think we will have amazing earnings, great company, solid long term hold.
  • e
    eric
    took a position today! looking for a good report and forward guidance!
  • R
    Rob
    gold on guidance: Magna International sees FY2021 revenue of $40-41.6 billion, versus the consensus of $38.45 billion. giddy up
  • T
    Thomas
    Great earnings report....Great Guidance...Great outlook....Ladies and gentleman...fasten your seatbelts for take off!
  • A
    Adam
    Congrats to longs - ATH - fantastic company, solid fundamentals with exposure to EV. Not going to double this year but you can’t go wrong with this one. Magna takes care of its employees and its shareholders. Some buybacks are to be expected before eoy.
  • A
    Aleks
    We break thru 80 today, very good earning.
  • b
    bigbear
    Outstanding report, the number I looked at were all very good. This stock should rock today, long term outlook was also good. We should have a good day! I don't know what else you could ask for??
  • s
    saintfelix
    Check out (http://Pick-stocks.com). They just mentioned MGA in the daily newsletter.
  • B
    BLUE
    Magna to Cooperate With Fisker on Engineering and Manufacturing of the Fisker Ocean
  • b
    bigbear
    Last chance to buy at these levels, Earnings are going to Rock!