Here's My Top Stock to Buy in September
Everyone has undoubtedly heard about the computer-chip shortage affecting everything from smartphone makers to gaming consoles. Goldman Sachs estimates nearly 170 industries are impacted by the shortage, and arguably none has been hit harder than the automotive industry.
Such carmakers as Ford, Subaru, Volkswagen Group's Audi, and General Motors have had to idle factories because they can't get enough chips for their vehicles. GM just announced it was idling most North American production for September because of the shortage.
Yet what is one industry's pain could be another's gain. And the aftermarket auto-parts business is particularly primed to see tremendous growth for the immediate future even as its long-term prospects were already bright. It is why Genuine Parts (NYSE: GPC) is my top stock to buy this month.
Source Fool.com
