Shares of auto supplier stocks are trading lower following weak guidance from Stellantis, which could be causing concern for the sector.
Portfolio Pulse from Benzinga Newsdesk
Auto supplier stocks are experiencing a decline due to weak guidance from Stellantis, raising concerns across the sector.
September 30, 2024 | 6:10 pm
News sentiment analysis
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NEGATIVE IMPACT
Adient's stock may be negatively impacted by Stellantis' weak guidance, as it raises concerns for auto suppliers.
Stellantis' weak guidance suggests potential reduced demand for auto parts, impacting suppliers like Adient.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
American Axle & Manufacturing may see its stock decline due to concerns from Stellantis' weak guidance.
As an auto supplier, AXL is likely to be impacted by Stellantis' weak guidance, indicating potential reduced demand.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Lear Corporation's stock might be under pressure due to Stellantis' weak guidance affecting the auto supplier sector.
Lear, as an auto supplier, could be negatively impacted by Stellantis' weak guidance, suggesting lower demand.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Magna International may experience a stock decline due to Stellantis' weak guidance impacting auto suppliers.
Stellantis' weak guidance could lead to reduced demand for auto parts, affecting suppliers like Magna.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70