Morgan Stanley's 'Global Auto Monitor' Offers Top Global Picks

In a report published Friday, Morgan Stanley analyst Adam Jonas explained that globally, auto stocks were mostly higher in key markets except for Korea (-4.7 percent) and India (-1.4 percent). Jonas also wrote that global original equipment manufacturers (OEM) have seen their share prices as a group rise 1.7 percent from a week ago and have returned 7.9 percent year to date. The analyst added that among the global OEMs, Korea is the cheapest with a 5.6x 2015E P/E ratio, while India is the most expensive at 17.1x. On the other hand, Jonas wrote that global supplier share prices as a group were up only 1.4 percent last week and 6.2 percent year to date while global tire share prices as a group declined 0.2 percent last week but are still 11.5 percent higher than they were a year ago.