Visteon Helps D20 Stock Index Eke Out Small Gain

Visteon led a small group of six strong price gainers that gained an average of 2.7 percent, helping the Driverless Transportation weekly stock index (D20) to eke out a 0.1-percent gain last week.

The D20’s third consecutive positive week could not be stopped by 14 stock price losers.  The Dow slipped 0.3 percent and the S&P 500 closed the week at 2271.31, down 0.1 percent.

Automotive parts maker Visteon (VC) led all D20 stocks this week, closing up $4.20 at $91.89 for a jump of 4.8 percent. Visteon has been receiving favorable ratings from several Wall Street analysts and has recently announced a $400-Million Share Repurchase Program. 

On the other end of the spectrum, Canadian automotive parts manufacturer, Magma (MGA) was the D20’s largest percentage price loser. Magma lost $2.20 a share and dropped 4.9 percent to end the week at $42.64.  Magna and other non-American automotive brands and parts manufacturers have seen their stock prices fall as the new U.S. Administration makes noises about import taxes on foreign vehicles.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

D20 constituent TomTom (TOM2) has acquired Autonomous GmbH, a company founded in 2012 by a group of academics who had been working on driverless vehicle projects at the Free University of Berlin. By adding autonomous driving experiences and products to its already industry-leading mapping capabilities, TomTom hopes to play a larger part in the upcoming driverless revolution.