Ford Stock And 2 Auto Parts Picks With Lower Canada Supply Exposure
Simplywall·- Proposed 50% U.S. tariffs on Canadian imports introduce market uncertainty for auto investors, prompting a review of stocks with low Canada supply exposure like XPEL, Ford Motor, and Magna International. - XPEL leverages its U.S. and Chinese manufacturing footprint to generate US$508 million in revenue from protective films and accessories, limiting reliance on cross-border vehicle production. - Ford Motor utilizes its U.S. manufacturing base and commercial fleets with US$57.3b market cap, while Magna International operates an extensive North American and Chinese footprint despite facing macro and execution risks.TSX Staggers to Open Friday
Baystreet·- Canada's main stock index opened lower on Friday due to declining mining stocks and falling gold prices, despite stronger-than-expected GDP growth of 0.3 % in May. - Corporate updates featured Alimentation Couche-Tard planning to acquire Poland's Zabka for about $8.7 billion, alongside varied second-quarter earnings results from companies like Magna International and Amazon. - U.S. stocks also fell as bond yields jumped to 4.72 % following investor concerns regarding Federal Reserve policies and specific corporate revenue reports.Magna International Stock Hits 52-Week High - Here's Why
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