The global chip famine is weighing on the Zacks Automotive- Replacement Parts industry. While increasing average age of vehicles is working in favor of auto replacement and repair companies, escalating expenses are dimming the industry prospects. A paradigm shift toward electric and driverless vehicles is making it necessary for auto replacement firms to revamp their business models, resulting in high capital spending and thereby limiting cash flows. Soaring commodity costs are making matters worse and clipping gross margins of industry participants. Deep focus on operational efficiency in developing parts and components is likely to benefit key industry players like Genuine Parts Company GPC, LKQ Corporation LKQ, Dorman Products, Inc. DORM and Standard Motor Products, Inc. SMP. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Genuine Parts Company (GPC): Free Stock Analysis Report Standard Motor Products, Inc. (SMP): Free Stock Analysis Report LKQ Corporation (LKQ): Free Stock Analysis Report Dorman Products, Inc. (DORM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research