Will the Auto-Show Be a Significant Catalyst for Auto-Related Stocks?

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 |  Includes: BWA, F, GM, JCI, TSLA
by: Benzinga

By Scott Rubin

The Detroit auto-show is currently open to the press and will be open to the public from January 15th through January 23rd.

Most all of the auto-related names were moving higher during Monday's trading session, and the auto-show may prove to be a significant catalyst for these stocks.

In the coming weeks, traders will want to keep these stocks on their radar screen as Monday's move may be a precursor of further gains.

It is expected that U.S. automakers such as Ford (NYSE:F) and GM (NYSE:GM) will be making big statements about their dramatic comebacks from the throes of the financial crisis.

The commentary coming out of the auto show should impact names across the supply chain and there are a number of stocks that could see substantial price volatility.

In addition to Ford and GM, keep an eye on Tesla (NASDAQ:TSLA), BorgWarner (NYSE:BWA), and Johnson Controls (NYSE:JCI). Here is a look at how all of these names performed during Monday's trading session.

F +1.04% to $18.46

GM -0.92% to $38.62

TSLA +0.92% to $28.50

BWA +1.92% to $71.31

JCI +0.89% to $40.72

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.