Magna International Inc. (NYSE:MGA)

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  • Henry: $MGA car parts, breakout on the daily and weekly
  • Pokersmith: $MGA finally gets interesting again...๐Ÿค”
  • wanda1616: $MGA starting to participate
  • Pokersmith: @wanda1616 $MGA ...supply chain decongesting some perhaps
  • woodman: $QS #AutoParts - $QS has going a very nice weekly breakout from a big base. It was up 21% yesterday, sending it screaming up through the 200d. I'd let it pullback to see if it will test the breakout/200d, but this is definitely of interest. Other interesting Auto Parts charts include: $KNDI $GP $GT $WPRT $GOEV $AEVA $HYLN $MGA $MOTR.
  • Henry: $MGA big reversal on bad news (decreased earnings outlook) A stock that goes up on bad news is going higher.
  • Pokersmith: @wanda1616 Credit Suisse Lowers Magna International's $MGA PT to $115 from $122 on Q2 Miss, Reduced 2021 Guidance; Keeps Outperform Rating
  • wanda1616: @Pokersmith $MGA thanks. whatever : o its still a good bit higher than 86. some day this chip thing will resolve.
  • Pokersmith: @wanda1616 $MGA Have to agree with you there ๐Ÿ‘
  • wanda1616: $MGA double bottom type potential? long stock and far out calls
  • Pokersmith: ...
    On Friday, auto parts giant Magna International($MGA) cut its full-year expectations. General Motors ($GM) did the same thing on Wednesday. Both stocks dropped.

    Magna reported earnings of $1.40 a share from $9 billion in sales; analysts were lookin ...
  • wanda1616: $MGA earnings disappoint on chip crunch
  • Pokersmith: @wanda1616 $MGA I suspected as much. Had no position into earnings. Perhaps the downdraft since beginning of June priced all this in. F.D : Looking to buy this again, if the stars align correctly. 200 day sma not too far below.
  • wanda1616: @Pokersmith $MGA yes something fishy there for sure i mean the dramatic slide
  • Pokersmith: @wanda1616 $MGA Well, I think the market was discounting the effect of the chip shortage, which we know is true. I am more curious about what's going on with FSK and any progress.

    read on :

    As a result of significant production disruptions due t ...
  • wanda1616: @Pokersmith $MGA and yet we have Biden yesterday ramping EV future
  • Pokersmith: @wanda1616 $MGA Fisker's Earnings Fail to Move the Stock. Biden's EV Plan Is More Important. -- Barrons.com

    The electric-vehicle start-up Fisker reported unsurprising second-quarter numbers Thursday evening, and the stock is doing nothing in early F ...
  • wanda1616: $QCOM bids for $VNE beating $MGA"s bid by around 7.00. $MGA rising last i checked. they have earnings BMO tomorrow FYI. im holding LEAPS and some stock bought on the recent low/doji/hammer
  • Pokersmith: @wanda1616 $QCOM $VNE $MGA good spot at that low/doji/hammer๐Ÿ‘.
  • wanda1616: @Pokersmith $QCOM $VNE $MGA i sold it a long time ago then checked it and couldnt believe the drop. got lucky right there.
  • Pokersmith: Magna International ($MGA) is expected to swing to EPS of $1.41 from a loss of $1.71 per share a year ago, as revenue more than doubles to $9.145 billion. Reports on Friday
  • Pokersmith: Car Parts Giant Magna Dives Into Self-Driving Cars With a Big Acquisition -- Barrons.com Auto parts giant Magna International ($MGA) is buying safety supplier Veoneer ($VNE). The deal is all about self-driving cars and setting up the supply chain that will eventually enable car makers to deliver autonomous vehicles to consumers.
  • Pokersmith: ...
    Electric-vehicle maker Fisker has a new big investor. Well, not entirely new because Magna International($MGA), an auto supplier that just reported a large stake in the EV stock, is an old partner.

    Fisker stock ($FSR )has soared 22.4% so far this y ...
  • Wolf: @Pokersmith $FSK $MGA $CCIV I was searching for yieldhog posts and got a hit on this. Did you mean $FSR? Anyway, $FSK has a 11% yeild and is down due to announcement of merger FS KKR Capital Corp.(FSK) and FS KKR Capital Corp.(FSK) II (FSKR)
  • Pokersmith: @Wolf $FSK $MGA $CCIV $FSR more than likely FSR
  • Henry: $MGA Gapper, upgrade by GS with a pt of 120
  • Pokersmith: @Henry $MGA booyah !!
  • Pokersmith: ...
    The company is using Magna International($MGA) to build its first product -- an electric sport-utility vehicle called Ocean. It has a partnership with Foxconn, the company that assembles iPhones, to build its second car.

    "This leverages the bi ...
  • Pokersmith: Getting hammered, $MGA, and I don't mean guzzling a six pack with a few Jameson chasers.
  • traderbren: @Pokersmith $MGA - LOL...now we know your poison! Just don't do that when a trade goes against you! ;-)
  • Pokersmith: Winner winner chicken dinner....$MGA > ATH
  • Pokersmith: ...
    The price/cost/vehicle mix has helped car stocks in 2021, despite companies throwing red flags about lost profits due to unplanned production downtime. General Motors($GM) shares, for instance, are up 44% year to date. Ford Motor($F) shares are up 7 ...
  • Henry: $MGA break out
  • teacher5: @Henry $MGA Been waiting for this one. Long.
  • Pokersmith: Top fish $MGA Breaking out=Blue skies at ATH Crossing century mark. Pays to own shares in a winner โ˜๏ธ๐Ÿ˜‰
  • bRobert: @Pokersmith $MGA Make Garages great Again
  • Amisure: Weekend Study List - last few weeks have not worked well. $INMD $EVR $QFIN $MGA $FHN $FOXF $LRCX $ASML $NVDA $SHOP
  • Amisure: Weekend Study List - out late today due to travel, Ideas to watch for possible entries- $CROX $WAL $COWN $DLTH $HZO $SNX $EVR $MGA $FOXF $ASML $CG $GLW $FTNT $FEYE $DHR
  • spmeyers: $MGA phase 3 post earnings; great uptrend
  • Pokersmith: @spmeyers $MGA Preach !
  • Pokersmith: $MGA...at all time high 'Nuff said ๐Ÿ˜‰
  • wanda1616: @Pokersmith $MGA dan niles just pumped it on cnbc
  • teacher5: @Pokersmith $MGA Love it!
  • wanda1616: @wanda1616 $MGA i sold mine awhile ago sadly. waiting for a pullback
  • Pokersmith: @wanda1616 $MGA you HAVE to keep a core position on this one..or the pain all the way to $200 will be excruciating. Why a core position you may ask ? Because MGA is riding the secular wave....that is just beginning. ๐Ÿ˜‰
  • Pokersmith: Meanwhile ....$MGA breaks out quietly to ATH ๐Ÿ‘โœ”๐Ÿ˜Ž
  • Pokersmith: Credit Suisse Raises Magna International's ($MGA)PT to $115 from $111, Notes Cycle Upside; Keeps Outperform Rating
  • GOOSE: TRADES: $MGA STO 5/21/21 100.0 CALL1.90 Covered. $M STO 4/30/21 17.0 CALLS @.40 Partially covered.
  • Pokersmith: $MGA bouncing off the 8 ema....seriously...take a look !
  • Pokersmith: Keybanc Adjusts Price Target on Magna International ($MGA) to $105 From $98, Maintains Overweight Rating F.D: LONG
  • Pokersmith: $MGA closing at the TOP of the range.....
  • Pokersmith: Magna Up 1.8% To Fresh 52 Week High Levels In US Pre-Market As Says Reached eDrive Gearbox Production Milestone and Wins Additional Business in China Magna (MG.TO, $MGA) was at last look up 1.8% at fresh 52 week high levels in US pre-market on Monday after saying it has won additional business to further support Chinese electric vehicle (EV) start-ups. And in supporting the fast-growing EV market in China, Magna's joint venture with Jiangling Motors Co., Ltd. celebrated a major milestone, achieving its 100,000th eDrive gearbox produced, a statement said.
  • Pokersmith: @Pokersmith $MGA Magna’s plant in Jiangxi began production of eDrive gearboxes in 2018 that featured: high efficiency; best-in-class power density; excellent noise, vibration and harshness performance; and a complete torque range from 200Nm to ...
  • GOOSE: A TRADE: $MGA BTO STOCK, a little, @95.78 Discussed in the Forum yesterday.
  • Pokersmith: ...
    The improved outlook from analyst Adam Jonas has Magna (ticker: $MGA) on the move ...

    Still, the ratings change isn’t a full endorsement of the stock. Jonas went from Sell to Hold, but his price target jumped from $61 a share to $96. EVs are ...
  • Henry: @Pokersmith $MGA I need to free up some money and buy this stock. There are rumors that $AAPL and LG? are going to team together and have MGA build their car.
  • Pokersmith: @Henry $MGA $AAPL Yes Sir, that is correct..... LG, Magna International Joint Venture Reportedly Closing in on Deal with Apple For Electric Vehicle Production Apple(AAPL) is close to signing a deal with a joint venture between LG Electronics and Magna International(MGA) for the potential production of Apple's(AAPL) early electric vehicle models, The Korea Times reported Tuesday, citing an unnamed source. The venture, currently known as LG Magna e-Powertrain, and the iPhone maker are reportedly still in negotiations over final details. LG refused to comment, according to the report, which added that a prototype of an Apple(AAPL) electric vehicle is due in early 2024.
  • Henry: @Pokersmith $MGA $AAPL I think that was reported in a So Korea newspaper last week.
  • Pokersmith: Morgan Stanley Lifts Magna International ($MGA) to Equal-Weight From Underweight, Price Target to $96 From $61
  • jr3345:
  • Pokersmith: Credit Suisse Raises Magna International's ($MGA) PT to $111 from $91, Opportunity for Narrative to Accelerate Under New CEO, Keeps Outperform Rating
  • debeers: @Pokersmith $MGA -With all due respect, this has nothing to do with the new CEO and everything to do with a possible $AAPL hookup. This was a lazyass review by $CS who can ill afford any more screwups.
  • Pokersmith: @debeers $MGA $AAPL agreed
  • Pokersmith: @debeers $MGAMagna $MGA Yep...essentially just " chatter " at this point. That said...MGA is good to go even WITHOUT any AAPL deal....imho FD: have position from below
  • Pokersmith: @Pokersmith $MGAMagna $MGA All Time High !
  • teacher5: $MGA Looking good PM.
  • tommymac: @teacher5 $MGA Ya, on expected sales revenue: DETROIT, April 13 (Reuters) - Auto supplier Magna International Inc(MGA) expects global sales to hit as much as $45.5 billion in 2023, according to company slides posted before the company's investor day. The company expects sales to grow to a range of $43 billion to $45.5 billion in 2023, up from $32.6 billion in 2020, it said in slides posted online.
  • Pokersmith: @tommymac $MGA Long and strong Tmac ...my biggest "hodl" position..
  • tommymac: @Pokersmith $MGA Yup, me too. Not my biggest but close.
  • Pokersmith: @tommymac $MGA Gap and crap so far...
  • Pokersmith: #APPLECAR LG, Magna International Joint Venture Reportedly Closing in on Deal with Apple For Electric Vehicle Production Apple(AAPL) is close to signing a deal with a joint venture between LG Electronics and Magna International($MGA) for the potential production of Apple's($AAPL) early electric vehicle models, The Korea Times reported Tuesday, citing an unnamed source. The venture, currently known as LG Magna e-Powertrain, and the iPhone maker are reportedly still in negotiations over final details. LG refused to comment, according to the report, which added that a prototype of an Apple(AAPL) electric vehicle is due in early 2024.
  • Pokersmith: @scottrades $BWA core holding of mine. BUY ...imho. $MGA as well Picks and shovels ....
  • Pokersmith: Magna’s Camera-Based Technology Helps Take the “Distracted” Out of Driving Driver monitoring technology combines camera and interior mirror Fully integrated, intelligent system detects, predicts and alerts distracted driver Distracted driving related incidents are on the rise, emphasizes need for tech-based solutions As distracted driving remains one of the leading causes of vehicle accidents around the world, Magna ($MGA) is combining its expertise in cameras and mirrors to help automakers make roads safer. Magna’s new Driver Monitoring System is an advanced technology that alerts drivers when they take their eyes off the road for too long.
  • Pokersmith: Wells Fargo Starts Magna International at Equal-Weight With $96 Price Target Magna International($MGA) has an average rating of outperform and price targets ranging from $61 to $123
  • Pokersmith: ...
    The EV start-up Fisker ($FSR) is using Magna International($MGA) , an established auto-parts giant, to build its first product, the Fisker Ocean SUV. Fisker has also said that its second car will be built by the company that produces iPhones, Hon Ha ...
  • DAN: ...
    By the way, @debeers has posted some really great information and observations in the forum today -- on $RH, some of the semiconductor names ($AMAT $LRCX), some of the institutional bankers ($GS $MS $JPM) and Google ($GOOGL). @Forexpro has also pos ...
  • Margi1983: @Pokersmith $AAPL $FSR $MGA $NKLA $GM $TSLA Great post. As someone who has been involved with lithium batteries for 40 years, seeing the EV buildout is very exciting. I still think that Toyota, Honda, and Nissan will be major players, although they m ...
  • Pokersmith: FYI : Last Night on Jim Cramer's Mad Money, $MGA Ceo was featured for one of the segments.
  • Pokersmith: Which names are displaying some relative strength you might ask? Why...., $BWA and $MGA of course.
  • tommymac: @Pokersmith $BWA $MGA Might I ask about $AMAT and might I ask your data source? Kindly appreciate a response.
  • tommymac: @tommymac $BWA $MGA $AMAT Just curious as to the source. I can get the RSI on the Fidelity charts but not, I guess, the pure RS and am wondering if it can be had without subscribing to some sort of charting service. Most of those I've tried don't play well with Apple computers at least not mine. For that matter neither does @Fidelity.
  • Pokersmith: @tommymac $BWA $MGA $AMAT "You might rabbit...you might" ( Bugs Bunny reference ) But seriously, I use Fidelity Active Pro. $AMAT looks great. Nothing wrong with it technically that I can see at this point in time. In fact , adding to watchlist, thx.
  • Pokersmith: @tommymac $BWA $MGA $AMAT MarketSmith from IBD ( Investors Business Daily ) has an " RS line " Great screening/research and T/A product, but their service doesn't come cheap. Don't get me started on Fidelity and their charting...The RSI there is best used to flag divergences, ie: New high in price with no corresponding high in RSI as one example.
  • tommymac: @Pokersmith $BWA $MGA $AMAT Ya, thank you.
  • Pokersmith: $MGA .....This will GAP UP Approximately 4 handles
  • Pokersmith: ...
    The Ocean SUV, Fisker's(FSR) first vehicle, is expected to go into production during the fourth quarter of 2022. The car will be manufactured by Magna International $MGA in Europe for distribution in Europe and North America. A prototype of the vehi ...
  • Pokersmith: $MGA 52 week high
  • jj2021: @DrScience $DAN $IYT #CoveredCall $MGA a good op as well for this strategy
  • Pokersmith: Magna $MGA Leverages Cloud Connectivity and Advanced E-Mobility Innovations to Decrease Emissions and Increase Range Company debuts two advanced electrified propulsion systems on ice and snow-filled test track Intelligent, connected PHEV drivetrain reduces emissions by up to 38% Next gen AWD eDrive technology extends range by 20% and improves driving dynamics
  • Pokersmith: @Pokersmith $MGA “As automakers continue to progress towards a zero-emissions future, we are the supplier partner that can give them new and innovative products to help them get there,” said Tom Rucker, President Magna Powertrain. “Based on our vehicle systems expertise and scalable building blocks technology approach, we can match our customers’ needs with complete electrified powertrain solutions as well as subsystems and components.”
  • Pokersmith: @Michael2021 I'll give you three : $VWAGY , $BWA and $MGA
  • Pokersmith: $MGA 52 week high
  • Pokersmith: ...
    In addition to the Foxconn plan, Fisker(FSR) is using Magna International $MGA to assemble the Ocean all electric SUV. Lucid, for its part, is building its own facility in Arizona. Lucid is a Fisker(FSR) competitor, but Lucid's first model is higher ...
  • Pokersmith: @champ #Sectors-are-Working #really #weeks Fair enough.... My other than tech holdings are $MGA, $BWA, $CF, $MOS, $BA, $STZ, $BX, $DKNG and $AXL. Those were green for the most part and served well to offset some of the stop loss pain in Cloud and tech names. Tons of cash percentage wise so, lots of dry powder for when a follow through day occurs post correction. You seem to be excelling at this time...glad to hear it. Cheers
  • champ: @Pokersmith $MGA $BWA $CF $MOS $BA $STZ $BX $DKNG $AXL #Sectors-are-Working #really #weeks .....Nice,...however those positions, aren't realy tech-positions, the way I think about tech stocks.
  • Pokersmith: @champ $MGA $BWA $CF $MOS $BA $STZ $BX $DKNG $AXL #Sectors-are-Working #really #weeks that's why I wrote " OTHER than tech " holdings
  • DAN: ...
    $MGA -- This is the manufacturer of the Fisker. Fisker doesn’t make ‘em. They just market them.
    $VALE -- Buyable here, with a stop below Friday’s low. Alert $18.15
    $TX -- Breakout on volume. Needs to stay above today’s low ...
  • lostsheep: @DAN $LEN $SPY $QQQ $RH $ARKK $TSLA $NIO $FSR $MGA $VALE $TX $OPEN $INFU $DKNG $ZM $UNP $XHB $HOV $PHM $PCAR $FUTU Curious how your studio is coming along. Post some pics.
  • Pokersmith: ...
    Fisker said in December that Canada's Magna International Inc $MGA would initially manufacture its first vehicle, the Ocean SUV, in Europe.

    Fisker's production is on track to start in the fourth quarter of next year, with a starting price of $37,49 ...
  • Pokersmith: ...
    $MGA to Deliver 3D Surround View With Next-Gen Cameras and Electronic Control Units

    -New business with multiple global automakers starts in 2022
    -Technology allows drivers to see surroundings all around the vehicle
    -Enables safer, more convenient ...
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Stock Price $48.34
Change 1.02%
Volume 1,503,420

Magna International Inc., designs, develops, and manufactures technologically-advanced automotive systems, assembles modules & components; and engineers & assembles complete vehicles for sale to original equipment manufacturers of cars & light trucks.

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