7 Auto Parts Stocks for the Scrap Heap

It�s no surprise that car sales continue to remain a shadow of their prerecession levels. Americans are relying on older vehicles longer to delay big-ticket purchases amid weak consumer confidence and high unemployment. As a result, many companies that make auto components are facing headwinds.

I watch more than 5,000 publicly traded companies with my Portfolio Grader�tool, ranking companies by a number of fundamental and quantitative measures. And this week, I have designated seven auto parts stocks for the scrap heap.

Here they are, in alphabetical order. Each one of these stocks gets a �D� or �F,� according to my research, meaning it is a �sell� or �strong sell.�

American Axle & Manufacturing (NYSE:AXL) is involved with driveline and drivetrain systems and related components, and chassis modules for light trucks, SUVs, passenger cars and other vehicles. AXL stock has declined 30% year-to-date.

Autoliv Inc. (NYSE:ALV) supplies a variety of products for automotive safety systems. Year-to-date, ALV stock has dropped 31%, compared to a gain of 4% by the Dow Jones.

Cooper Tire & Rubber (NYSE:CTB) manufactures and markets replacement tires. A 39% drop, year-to-date, for CTB stock has many shareholders second-guessing their original purchases.

Federal-Mogul (NASDAQ:FDML) supplies power train and other safety technologies. Like other large auto parts companies, FDML has watched its stock dip significantly — 27% in this case — since the start of 2011.

Johnson Controls Inc. (NYSE:JCI) is a provider of automotive interiors. Down 17% year-to-date,�JCI stock has had a forgettable run in 2011.

Magna International Inc. (NYSE:MGA) is a designer, developer and manufacturer of technologically advanced automotive systems, assemblies, modules and components for light trucks and cars. MGA stock has steadily declined in 2011, dropping nearly 34% overall.

Modine Manufacturing (NYSE:MOD) manufactures and markets heat exchangers and systems for on-highway and off-highway original equipment manufacturer vehicular applications. Since the start of 2011, MOD stock has dipped 32%.

Get more analysis of these picks and other publicly-traded stocks with Louis Navellier�s Portfolio Grader tool, a 100% free stock-rating tool that measures both quantitative buying pressure and eight fundamental factors.