Don't Overlook These 3 Unloved Stocks With Massive Upside
The automotive industry is on the cusp of evolving more over the next two decades than it has over the past century. Between autonomous driving vehicles, the transition to electric vehicles (EVs), robotaxis, and vehicles as a service, investors aren't sure where the next game-changing breakthrough will come from. With that in mind, here are three stocks that have been sold off but have immense upside in the future: Aptiv PLC (NYSE: APTV), QuantumScape (NYSE: QS), and Mobileye Global (NASDAQ: MBLY).
While Aptiv isn't a household name, the company is extremely well positioned moving forward. The technology company bases its business around active safety, autonomous vehicles, smart cities, and connectivity.
Three global trends will help drive the company's business going forward: Electric vehicles, connected vehicles, and a focus on software and digitalization. More specifically, its business should boom with the adoption of advanced driver assist systems (ADAS) and continued growth in vehicle electrification. Even better for investors is that Aptiv -- unlike pure play EV stocks -- still stands to benefit even if the transition to electric vehicles sees a rise in hybrids first, rather than skipping straight to full electric vehicles.
Source Fool.com
