Salvaging for Auto Parts Investment Bargains

S&P expects the subindustry to remain lackluster, though some improvement may be just around the bend

While wandering through the relative strength charts for the more than 120 subindustry indexes, I came across this rolling 12-month relative price performance chart (pictured ) for the S&P 1500 Auto Parts index. To be sure, there's been plenty of bad news of late for the group, including the bankruptcy filing by Dana Corp. in early March. But the chart indicates to me that the relative beating that this group has taken appears to have subsided.

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