Is a Breakout in the Charts for Aptiv?

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The company is poised to benefit from growing electrification, connectivity, and autonomy trends in the automotive industry. It is increasing investments in advanced technology. For instance, APTV has developed automated driving software and key active safety sensing technologies.

APTV had $2.8 billion in cash as of the end of the last quarter, compared with only $78 million in short-term debt. The company also has a debt-to-equity ratio of only 0.5. While earnings are down 76% over the past year, analysts forecast 161.8% year over year growth in the second quarter.

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