Editors Note:

Autonomous driving is here and multiple companies are fighting for their share of the pie. You have probably never heard of Aptiv but they already have a fleet of self driving cars managed by Lyft.


New positions are only added on Wednesday and Saturday except in special circumstances.


APTV - Aptiv Plc - Company Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segments, Signal and Power Solutions; and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management, electrical centers, and hybrid high voltage and safety distribution systems. The Advanced Safety and User Experience segment provides critical components, systems, and software development for passenger safety, security, comfort, and vehicle operation, including body controls, infotainment and connectivity systems, passive and active safety electronics, autonomous driving software and technologies, displays, and systems integration. The company was formerly known as Delphi Automotive PLC and changed its name to Aptiv PLC in December 2017. Company description from FinViz.com.

You have never heard of Aptiv because they were formerly Delphi Automotive. The company split in December 2017. Aptiv has 147,000 employees and operated in 45 countries.

Aptiv reported Q1 earnings of $1.29 that rose 15%. Revenue rose 8% to $3.6 billion. They returned $208 million to shareholders through dividends and buybacks. They guided for Q2 for revenue of $3.5-$3.6 billion and earnings of $1.33-$1.38.

In early May they announced a fleet of 30 autonomous vehicles in Las Vegas on the Lyft network. These are a product of Aptiv's Mobility and Services group. Passengers can opt-in for an autonomous vehicle when they order their ride.

The company has decades of automotive experience and is well suited to competing in the self-driving arena.

Shares spiked significantly after the earnings and flat lined at $94-$95 for a week. Today they gained $1.86 to break out to a new high over resistance from January.

Buy August $105 call, currently $1.75, initial stop loss $93.35.


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