Veoneer and Garmin will keep rewarding you

Article Excerpt

Both Veoneer and Garmin have quickly rewarded our subscribers since we first recommended them in late 2020. Garmin is up 24.5% since we first looked at it in the September issue of Power Growth Investor at $103.99. Veoneer is up a whopping 66.0% since we picked it in our November issue at $17.51. Meanwhile, both are at the forefront of their technology markets, and we think they will go even higher. Venoneer and Garmin are buys. VEONEER INC. $29.07 (New York symbol VNE; TSINetwork Rating: Extra Risk) (www.veoneer.com; Shares outstanding: 111.6 million; Market cap: $3.4 billion; No dividends paid) makes automotive radar, cameras with driver-assist systems, night-vision equipment, positioning systems and brake controls. In the three months ended December 31, 2020, Veoneer’s revenue declined slightly, to $455 million from $456 million a year earlier. The car industry was particularly hard hit early in the quarter: production was halted in many markets because of widespread pandemic lockdowns. The industry was already struggling with slower demand and…