The Ward’s Supplier Index closed June 1 at 104.4, only four points higher than it was at its inception in 1997. It’s a dismal showing for auto supply stocks, considering the market, even as it cools somewhat, continues to run at all-time highs and new technologies promise even greater efficiencies for the industry. While some of the more specialized stocks in the 65-company Index managed to post significant gains for the first quarter of the new century, a full 40 companies lost ground. ...
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