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Is Magna International Worthy Of A Position In An IRA?

I recently sold Walgreens (WBA) from my IRA portfolio because I had a pretty great gain in the name and wanted to lock in the profits. Now I'm on the hunt to find a replacement for the stock and would like to take a look at Magna International (MGA). Magna is an automotive supplier which supplies chassis, interior, exterior, seating, power-train, electronic, vision, closure and roof systems and modules and complete vehicle engineering and contract manufacturing. On November 5, 2014, the company reported third quarter earnings of $2.19, which beat the consensus of analyst estimates by $0.22. In the past year, the company's stock is up 16.86% and is beating the S&P 500, which has gained 14.39% in the same time frame. I took my IRA back from my financial advisor who managed to not make as much money as the market has and I've decided that I want to… Read More …