Garret Nelson has been with CFRA since July 2018 an is a senior equity research analyst primarily responsible for coverage of the US automotive and beverages industries. He covers the entire auto supply chain from manufacturers such as Ford, GM, and Tesla to parts and equipment suppliers, retailers, dealerships, distributors, and tire manufacturers. Mr. Nelson also follows the beverages industry, including soft drink companies such as Coke and Pepsi as well as brewers/distillers such as Molson Coors and Constellation Brands. Finally, he follows a handful of large-cap retailers such as WalMart, Target, and Costco.
O’Reilly Automotive (ORLY) — one of the largest U.S. retailers of automotive aftermarket parts and accessories — carries our highest investment recommendation of 5-STARS, or Strong Buy, asserts equity analyst Garrett Nelson in CFRA Research's flagship newsletter, The Outlook.
Ferrari N.V. (RACE) carries CFRA's highest investment recommendation of 5-STARS, or Strong Buy. We view the company as having one of the strongest brands in the auto industry and as largely insulated from broader consumer headwinds given its high-income customer base, explains Garrett Nelson, analyst at CFRA Research.
The Goodyear Tire & Rubber Company (GT) is one of the world's largest tire companies, employing 72,000 workers at 57 facilities in 23 countries around the world, notes analyst Garrett Nelson in CFRA Research's flagship newsletter, The Outlook.
With the Federal Reserve signaling a handful of interest rate hikes ahead and inflation hitting its highest level since 1982, we believe market conditions have become favorable to more defensive and value/income-oriented equities of the soft drinks industry, notes analyst Garrett Nelson in CFRA Research's flagship newsletter, The Outlook.