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11200.0
|
2019-08-13 00:00:00 UTC
|
Consumer Sector Update for 08/13/2019: ALRM,JD,IAA,AAP
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AAP
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https://www.nasdaq.com/articles/consumer-sector-update-for-08-13-2019%3A-alrmjdiaaaap-2019-08-13
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nan
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nan
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Top Consumer Stocks
WMT +2.12%
MCD +0.91%
DIS +1.20%
CVS +1.86%
KO +0.57%
Consumer stocks still were broadly higher in late trade, with shares of consumer staples companies in the S&P 500 rising over 1.2% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead more than 1.6%.
Among consumer stocks moving on news:
(-) Alarm.com (ALRM) dropped over 3% after Imperial Capital Tuesday cut its price target for the home-security company by $6 to $64 a share and also reiterating its in-line rating for the stock.
In other sector news:
(+) JD.com (JD) climbed over 12% on Tuesday after the Chinese e-commerce platform recorded better-than-expected Q2 financial results, supported by 20.8% growth in net product revenue and a 42% rise in net service revenue. Excluding one-time items, it earned RMB2.30 per American depository share, up from RMB0.33 per ADS during the year-ago period and crushing the Capital IQ consensus expecting RMB0.54 per ADS.
(+) IAA (IAA) rallied Tuesday, at one point rising 11.2% to peak within 4 cents of its 52-week high, after the salvage vehicle auction company beat Wall Street expectations with its Q2 net income and revenue. Excluding one-time items, it earned $0.44 per share, up from $0.41 per share during the same quarter last year and beating the Capital IQ consensus by $0.05 per share. Revenue grew 9.7% year over year to $366.4 million, also exceeding the $357.9 million analyst mean.
(+) Advance Auto Parts (AAP) turned narrowly higher in late trade, recovering from a 9% decline to a 14-month low of $129.50 a share. The retailer missed the Wall Street consensus with its Q2 financial results and lowered its FY19 sales outlook. Excluding one-time items, it earned $2 per share, up from $1.97 per share during the same quarter last year but still trailing the Capital IQ consensus by $0.21 per share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(+) Advance Auto Parts (AAP) turned narrowly higher in late trade, recovering from a 9% decline to a 14-month low of $129.50 a share. In other sector news: (+) JD.com (JD) climbed over 12% on Tuesday after the Chinese e-commerce platform recorded better-than-expected Q2 financial results, supported by 20.8% growth in net product revenue and a 42% rise in net service revenue. The retailer missed the Wall Street consensus with its Q2 financial results and lowered its FY19 sales outlook.
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(+) Advance Auto Parts (AAP) turned narrowly higher in late trade, recovering from a 9% decline to a 14-month low of $129.50 a share. Consumer stocks still were broadly higher in late trade, with shares of consumer staples companies in the S&P 500 rising over 1.2% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead more than 1.6%. (+) IAA (IAA) rallied Tuesday, at one point rising 11.2% to peak within 4 cents of its 52-week high, after the salvage vehicle auction company beat Wall Street expectations with its Q2 net income and revenue.
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(+) Advance Auto Parts (AAP) turned narrowly higher in late trade, recovering from a 9% decline to a 14-month low of $129.50 a share. Consumer stocks still were broadly higher in late trade, with shares of consumer staples companies in the S&P 500 rising over 1.2% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead more than 1.6%. Excluding one-time items, it earned $0.44 per share, up from $0.41 per share during the same quarter last year and beating the Capital IQ consensus by $0.05 per share.
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(+) Advance Auto Parts (AAP) turned narrowly higher in late trade, recovering from a 9% decline to a 14-month low of $129.50 a share. Consumer stocks still were broadly higher in late trade, with shares of consumer staples companies in the S&P 500 rising over 1.2% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead more than 1.6%. Excluding one-time items, it earned $0.44 per share, up from $0.41 per share during the same quarter last year and beating the Capital IQ consensus by $0.05 per share.
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11201.0
|
2019-08-13 00:00:00 UTC
|
Consumer Sector Update for 08/13/2019: JD,IAA,AAP
|
AAP
|
https://www.nasdaq.com/articles/consumer-sector-update-for-08-13-2019%3A-jdiaaaap-2019-08-13
|
nan
|
nan
|
Top Consumer Stocks
WMT +2.10%
MCD +0.98%
DIS +1.10%
CVS +1.84%
KO +0.23%
Consumer stocks were broadly higher, with shares of consumer staples companies in the S&P 500 rising nearly 1.2% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead almost 1.6%.
Among consumer stocks moving on news:
(+) JD.com (JD) climbed 12.5% on Tuesday after the Chinese e-commerce platform recorded better-than-expected Q2 financial results, supported by 20.8% growth in net product revenue and a 42% rise in net service revenue. Excluding one-time items, it earned RMB2.30 per American depository share, up from RMB0.33 per ADS during the year-ago period and crushing the Capital IQ consensus expecting RMB0.54 per ADS.
In other sector news:
(+) IAA (IAA) rallied Tuesday, at one point rising to within 4 cents of its 52-week high, after the salvage vehicle auction company beat Wall Street expectations with its Q2 net income and revenue. Excluding one-time items, it earned $0.44 per share, up from $0.41 per share during the same quarter last year and beating the Capital IQ consensus by $0.05 per share. Revenue grew 9.7% year over year to $366.4 million, also exceeding the $357.9 million analyst mean.
(-) Advance Auto Parts (AAP) fell 1.3% after the retailer missed the Wall Street consensus with its Q2 financial results and lowered its FY19 sales outlook. Excluding one-time items, it earned $2 per share, up from $1.97 per share during the same quarter last year but still trailing the Capital IQ consensus by $0.21 per share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(-) Advance Auto Parts (AAP) fell 1.3% after the retailer missed the Wall Street consensus with its Q2 financial results and lowered its FY19 sales outlook. Among consumer stocks moving on news: (+) JD.com (JD) climbed 12.5% on Tuesday after the Chinese e-commerce platform recorded better-than-expected Q2 financial results, supported by 20.8% growth in net product revenue and a 42% rise in net service revenue. In other sector news: (+) IAA (IAA) rallied Tuesday, at one point rising to within 4 cents of its 52-week high, after the salvage vehicle auction company beat Wall Street expectations with its Q2 net income and revenue.
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(-) Advance Auto Parts (AAP) fell 1.3% after the retailer missed the Wall Street consensus with its Q2 financial results and lowered its FY19 sales outlook. Excluding one-time items, it earned RMB2.30 per American depository share, up from RMB0.33 per ADS during the year-ago period and crushing the Capital IQ consensus expecting RMB0.54 per ADS. In other sector news: (+) IAA (IAA) rallied Tuesday, at one point rising to within 4 cents of its 52-week high, after the salvage vehicle auction company beat Wall Street expectations with its Q2 net income and revenue.
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(-) Advance Auto Parts (AAP) fell 1.3% after the retailer missed the Wall Street consensus with its Q2 financial results and lowered its FY19 sales outlook. Consumer stocks were broadly higher, with shares of consumer staples companies in the S&P 500 rising nearly 1.2% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead almost 1.6%. Excluding one-time items, it earned $0.44 per share, up from $0.41 per share during the same quarter last year and beating the Capital IQ consensus by $0.05 per share.
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(-) Advance Auto Parts (AAP) fell 1.3% after the retailer missed the Wall Street consensus with its Q2 financial results and lowered its FY19 sales outlook. Consumer stocks were broadly higher, with shares of consumer staples companies in the S&P 500 rising nearly 1.2% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead almost 1.6%. Among consumer stocks moving on news: (+) JD.com (JD) climbed 12.5% on Tuesday after the Chinese e-commerce platform recorded better-than-expected Q2 financial results, supported by 20.8% growth in net product revenue and a 42% rise in net service revenue.
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11202.0
|
2019-08-13 00:00:00 UTC
|
Consumer Sector Update for 08/13/2019: AAP, VFF, JD, WMT, MCD, DIS, CVS, KO
|
AAP
|
https://www.nasdaq.com/articles/consumer-sector-update-for-08-13-2019%3A-aap-vff-jd-wmt-mcd-dis-cvs-ko-2019-08-13
|
nan
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nan
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Top Consumer Stocks:
WMT: -0.11%
MCD: +0.35%
DIS: -0.43%
CVS: +0.02%
KO: Flat
Consumer giants were mixed pre-bell Tuesday.
Stocks moving on news include:
(-) Advance Auto Parts (AAP), which was down almost 8% after posting a fiscal Q2 adjusted profit of $2 per share, up from $1.97 in the prior-year period. That was below the $2.21 per share Street estimate provided by Capital IQ.
(+) Village Farms International (VFF) was gaining more than 10% in value after it swung to a profit of $0.20 per share in Q2 from loss of $0.05 per share a year earlier.
(+) JD.com (JD) was advancing by more than 6% after the e-commerce company booked Q2 adjusted earnings of RMB2.30 per ADS ($0.33) that surged from RMB0.33 a year ago. The result exceeded the RMB0.54 average estimate from analysts polled by Capital IQ.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Stocks moving on news include: (-) Advance Auto Parts (AAP), which was down almost 8% after posting a fiscal Q2 adjusted profit of $2 per share, up from $1.97 in the prior-year period. (+) JD.com (JD) was advancing by more than 6% after the e-commerce company booked Q2 adjusted earnings of RMB2.30 per ADS ($0.33) that surged from RMB0.33 a year ago. The result exceeded the RMB0.54 average estimate from analysts polled by Capital IQ.
|
Stocks moving on news include: (-) Advance Auto Parts (AAP), which was down almost 8% after posting a fiscal Q2 adjusted profit of $2 per share, up from $1.97 in the prior-year period. Top Consumer Stocks: That was below the $2.21 per share Street estimate provided by Capital IQ.
|
Stocks moving on news include: (-) Advance Auto Parts (AAP), which was down almost 8% after posting a fiscal Q2 adjusted profit of $2 per share, up from $1.97 in the prior-year period. (+) Village Farms International (VFF) was gaining more than 10% in value after it swung to a profit of $0.20 per share in Q2 from loss of $0.05 per share a year earlier. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Stocks moving on news include: (-) Advance Auto Parts (AAP), which was down almost 8% after posting a fiscal Q2 adjusted profit of $2 per share, up from $1.97 in the prior-year period. Top Consumer Stocks: That was below the $2.21 per share Street estimate provided by Capital IQ.
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11203.0
|
2019-08-13 00:00:00 UTC
|
3 Big Stock Charts for Tuesday: Centene, Hormel Foods and Advance Auto Parts
|
AAP
|
https://www.nasdaq.com/articles/3-big-stock-charts-for-tuesday%3A-centene-hormel-foods-and-advance-auto-parts-2019-08-13
|
nan
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nan
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The market opened the new week up within reach of a bullish start, but as the day wore on, doubts grew. By the time Monday’s closing bell rang, the S&P 500 had fallen 1.22%, breaking under a key support level in the process.
Source: Shutterstock
Advanced Micro Devices (NASDAQ:) gets more blame for the marketwide weakness than any other name. The tech stock fell more than 5% as profit-takers locked in unrealized gains stemming from last week’s big advance. Pfizer (NYSE:) proved problematic too, slumping 2.6% to extend what has become a sizeable selloff rooted mostly in fear about the future of healthcare.
Other blue chips like Bank of America (NYSE:) were also uncomfortably deep in the red, with BofA down 2.5% as worries about the impact of lower interest rates linger.
As for the best bets heading into Tuesday’s session though, it’s the stock charts of Hormel Foods (NYSE:), Centene (NYSE:) and Advance Auto Parts (NYSE:) that merit the closest looks. Here’s why.
Centene (CNC)
The last time Centene was put under the trading microscope , it had just bumped into a convergence of technical resistance to renew a long-standing downtrend. But, even within that longer-term selloff, the move looked like it was going to throw CNC into a high-velocity selloff that once again tested the lower boundary of a bearish trading range.
That happened, though with little follow-through. A bounce a couple of weeks later unwound that selling effort before it got going in earnest. The whole pullback was renewed last week, however, at a familiar resistance level. Monday’s poor start to the week suggests another attempt to reach the lower edge of the range is in the works.
Advance Auto Parts (AAP)
Just a couple of weeks ago, Advance Auto Parts shares were putting significant technical pressure on a . It had been seen before, but not in this way. This time, AAP had clearly met resistance at a key moving average line, and a so-called death cross where the 50-day moving average line falls below the 200-day moving average has taken shape just a few days prior.
The floor did end up breaking down, letting Advance Auto Parts slide under that floor. The bulls tried to recover last week, but yesterday’s setback largely renews the selloff that has been developing for weeks.
The bearish gap left behind two weeks ago almost kick-started a rebound move. But, as soon as the gap was filled in, the bears dug in again.
Hormel Foods (HRL)
Hormel Foods stock took a hard shot in April, but the recovery effort since then has not only been effective, it has been well organized. That clear structure sets the stage for a breakout thrust if (and only if) HRL stock can blast past a major technical ceiling.
The good news is, the underpinnings for such a move have already been established. The momentum is technically already in place.
Bolstering the budding bullish effort is a healthy swell of buying volume. The volume surge behind the late-July gains has even prompted the Chaikin line back above the zero level.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or , at @jbrumley.
More From InvestorPlace
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Advance Auto Parts (AAP) Just a couple of weeks ago, Advance Auto Parts shares were putting significant technical pressure on a . This time, AAP had clearly met resistance at a key moving average line, and a so-called death cross where the 50-day moving average line falls below the 200-day moving average has taken shape just a few days prior. Pfizer (NYSE:) proved problematic too, slumping 2.6% to extend what has become a sizeable selloff rooted mostly in fear about the future of healthcare.
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Advance Auto Parts (AAP) Just a couple of weeks ago, Advance Auto Parts shares were putting significant technical pressure on a . This time, AAP had clearly met resistance at a key moving average line, and a so-called death cross where the 50-day moving average line falls below the 200-day moving average has taken shape just a few days prior. As for the best bets heading into Tuesday’s session though, it’s the stock charts of Hormel Foods (NYSE:), Centene (NYSE:) and Advance Auto Parts (NYSE:) that merit the closest looks.
|
Advance Auto Parts (AAP) Just a couple of weeks ago, Advance Auto Parts shares were putting significant technical pressure on a . This time, AAP had clearly met resistance at a key moving average line, and a so-called death cross where the 50-day moving average line falls below the 200-day moving average has taken shape just a few days prior. As for the best bets heading into Tuesday’s session though, it’s the stock charts of Hormel Foods (NYSE:), Centene (NYSE:) and Advance Auto Parts (NYSE:) that merit the closest looks.
|
Advance Auto Parts (AAP) Just a couple of weeks ago, Advance Auto Parts shares were putting significant technical pressure on a . This time, AAP had clearly met resistance at a key moving average line, and a so-called death cross where the 50-day moving average line falls below the 200-day moving average has taken shape just a few days prior. As for the best bets heading into Tuesday’s session though, it’s the stock charts of Hormel Foods (NYSE:), Centene (NYSE:) and Advance Auto Parts (NYSE:) that merit the closest looks.
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11204.0
|
2019-08-05 00:00:00 UTC
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Noteworthy Monday Option Activity: TSN, AAP, ADSK
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AAP
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-tsn-aap-adsk-2019-08-05
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Tyson Foods Inc (Symbol: TSN), where a total of 16,741 contracts have traded so far, representing approximately 1.7 million underlying shares. That amounts to about 78.5% of TSN's average daily trading volume over the past month of 2.1 million shares. Especially high volume was seen for the $85 strike call option expiring August 09, 2019, with 2,678 contracts trading so far today, representing approximately 267,800 underlying shares of TSN. Below is a chart showing TSN's trailing twelve month trading history, with the $85 strike highlighted in orange:
Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,599 contracts thus far today. That number of contracts represents approximately 759,900 underlying shares, working out to a sizeable 75.6% of AAP's average daily trading volume over the past month, of 1.0 million shares. Especially high volume was seen for the $155 strike call option expiring September 20, 2019, with 2,879 contracts trading so far today, representing approximately 287,900 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $155 strike highlighted in orange:
And Autodesk Inc (Symbol: ADSK) options are showing a volume of 9,758 contracts thus far today. That number of contracts represents approximately 975,800 underlying shares, working out to a sizeable 67.7% of ADSK's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $144 strike call option expiring August 09, 2019, with 1,317 contracts trading so far today, representing approximately 131,700 underlying shares of ADSK. Below is a chart showing ADSK's trailing twelve month trading history, with the $144 strike highlighted in orange:
For the various different available expirations for TSN options, AAP options, or ADSK options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $155 strike call option expiring September 20, 2019, with 2,879 contracts trading so far today, representing approximately 287,900 underlying shares of AAP. Below is a chart showing TSN's trailing twelve month trading history, with the $85 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,599 contracts thus far today. That number of contracts represents approximately 759,900 underlying shares, working out to a sizeable 75.6% of AAP's average daily trading volume over the past month, of 1.0 million shares.
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That number of contracts represents approximately 759,900 underlying shares, working out to a sizeable 75.6% of AAP's average daily trading volume over the past month, of 1.0 million shares. Below is a chart showing AAP's trailing twelve month trading history, with the $155 strike highlighted in orange: And Autodesk Inc (Symbol: ADSK) options are showing a volume of 9,758 contracts thus far today. Below is a chart showing TSN's trailing twelve month trading history, with the $85 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,599 contracts thus far today.
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Below is a chart showing TSN's trailing twelve month trading history, with the $85 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,599 contracts thus far today. That number of contracts represents approximately 759,900 underlying shares, working out to a sizeable 75.6% of AAP's average daily trading volume over the past month, of 1.0 million shares. Especially high volume was seen for the $155 strike call option expiring September 20, 2019, with 2,879 contracts trading so far today, representing approximately 287,900 underlying shares of AAP.
|
Below is a chart showing ADSK's trailing twelve month trading history, with the $144 strike highlighted in orange: For the various different available expirations for TSN options, AAP options, or ADSK options, visit StockOptionsChannel.com. Below is a chart showing TSN's trailing twelve month trading history, with the $85 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,599 contracts thus far today. That number of contracts represents approximately 759,900 underlying shares, working out to a sizeable 75.6% of AAP's average daily trading volume over the past month, of 1.0 million shares.
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11205.0
|
2019-07-29 00:00:00 UTC
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3 Big Stock Charts for Monday: Activision Blizzard, Viacom and Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/3-big-stock-charts-for-monday%3A-activision-blizzard-viacom-and-advance-auto-parts-2019-07
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nan
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nan
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The bulls continued to hammer out more gains last week, with the S&P 500 adding another 0.74% to its value on Friday, logging a record closer of 3,025.86. Although it might head off the expected interest rate cut, the first look at Q2’s GDP growth rate was a better-than-expected 2.1%.
Source: Shutterstock
Twitter (NYSE:) was the day’s breadwinner, up almost 9% on a second-quarter earnings and a revenue beat that included a strong improvement in the number of daily users checking into the micro-blogging platform. Mattel (NASDAQ:) logged the bigger win though, up more than 13% following its improved earnings report for the second quarter.
Holding the market back, albeit ineffectively, was the 17.6% setback from flooring outfit Mohawk Industries (NYSE:). The company fell short of last quarter’s top-line estimates, and fanned those bearish flames with a lackluster outlook for the remainder of this year.
However, the stock charts of Activision Blizzard (NASDAQ:), Viacom (NASDAQ:) and Advance Auto Parts (NYSE:) are shaping up as the top trading prospects at the beginning of the new trading week. Here’s why, and what’s likely to happen next.
Advance Auto Parts (AAP)
Advance Auto Parts was on fire in 2018, and for the most part, it sidestepped the selloff that plagued most of the market in the final quarter of last year. This year has not been nearly as impressive, but at the very least, AAP stock has held its ground.
That’s one bad stumble away from happening though. If Advance Auto Parts shares slide even just a little bit lower, a long-standing, well-established floor could buckle. Worse, the chart has already dropped hints that the bulls are throwing in the towel.
Last week’s test of that floor, however, took shape after encountering resistance at the white 200-day and gray 100-day moving average lines, highlighted on the daily chart.
Viacom (VIAB)
Viacom shares have been back and forth since the latter half of 2017, making no net progress since then. It’s possible, however, that it’s in the midst of changing for the better. VIAB stock is testing a well-established technical ceiling, and it’s doing so as a result of a great deal of technical support. One or two more good weeks could snap Viacom shares out of a funk and put them en-route to a considerable upside target.
It’s only evident on the weekly chart, but since the latter part of 2017, Viacom stock has been squeezed toward the tip of a converging wedge pattern.
Although they’ve taken shape before to no avail, as of last week, we now have a golden cross, where the purple 50-day moving average line has crossed above the white 200-day line.
Activision Blizzard (ATVI)
For months now Activision Blizzard has been trying to rebound from last year’s huge stumble. None of those efforts have taken hold though. ATVI has been held back, mostly thanks to resistance at a well-established resistance level of $48.80, plotted in white on both stock charts.
There’s more structure and organization to the past few months than it readily seems, however. The hoped-for breakout may be nearer than traders fully appreciate, and a critical line in the sand is now within reach. The market may be unknowingly waiting to cross both bridges at the same time with a dramatic move.
The horizontal ceiling to watch at $48.80 is marked as a white, dashed line on both stock charts. Note that the 200-day average and the level where Activision Blizzard has peaked most often this year are soon going to be one and the same.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, , or follow him on Twitter, at @jbrumley.
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) Advance Auto Parts was on fire in 2018, and for the most part, it sidestepped the selloff that plagued most of the market in the final quarter of last year. This year has not been nearly as impressive, but at the very least, AAP stock has held its ground. Source: Shutterstock Twitter (NYSE:) was the day’s breadwinner, up almost 9% on a second-quarter earnings and a revenue beat that included a strong improvement in the number of daily users checking into the micro-blogging platform.
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Advance Auto Parts (AAP) Advance Auto Parts was on fire in 2018, and for the most part, it sidestepped the selloff that plagued most of the market in the final quarter of last year. This year has not been nearly as impressive, but at the very least, AAP stock has held its ground. However, the stock charts of Activision Blizzard (NASDAQ:), Viacom (NASDAQ:) and Advance Auto Parts (NYSE:) are shaping up as the top trading prospects at the beginning of the new trading week.
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Advance Auto Parts (AAP) Advance Auto Parts was on fire in 2018, and for the most part, it sidestepped the selloff that plagued most of the market in the final quarter of last year. This year has not been nearly as impressive, but at the very least, AAP stock has held its ground. However, the stock charts of Activision Blizzard (NASDAQ:), Viacom (NASDAQ:) and Advance Auto Parts (NYSE:) are shaping up as the top trading prospects at the beginning of the new trading week.
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Advance Auto Parts (AAP) Advance Auto Parts was on fire in 2018, and for the most part, it sidestepped the selloff that plagued most of the market in the final quarter of last year. This year has not been nearly as impressive, but at the very least, AAP stock has held its ground. However, the stock charts of Activision Blizzard (NASDAQ:), Viacom (NASDAQ:) and Advance Auto Parts (NYSE:) are shaping up as the top trading prospects at the beginning of the new trading week.
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11206.0
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2019-07-26 00:00:00 UTC
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The Math Shows RWL Can Go To $60
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AAP
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https://www.nasdaq.com/articles/the-math-shows-rwl-can-go-to-%2460-2019-07-26
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P 500 Revenue ETF (Symbol: RWL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $59.67 per unit.
With RWL trading at a recent price near $54.46 per unit, that means that analysts see 9.57% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of RWL's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Varian Medical Systems Inc (Symbol: VAR), and Hess Corp (Symbol: HES). Although AAP has traded at a recent price of $150.03/share, the average analyst target is 30.53% higher at $195.83/share. Similarly, VAR has 22.22% upside from the recent share price of $121.09 if the average analyst target price of $148.00/share is reached, and analysts on average are expecting HES to reach a target price of $71.46/share, which is 19.48% above the recent price of $59.81. Below is a twelve month price history chart comparing the stock performance of AAP, VAR, and HES:
Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although AAP has traded at a recent price of $150.03/share, the average analyst target is 30.53% higher at $195.83/share. Below is a twelve month price history chart comparing the stock performance of AAP, VAR, and HES: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of RWL's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Varian Medical Systems Inc (Symbol: VAR), and Hess Corp (Symbol: HES).
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Three of RWL's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Varian Medical Systems Inc (Symbol: VAR), and Hess Corp (Symbol: HES). Although AAP has traded at a recent price of $150.03/share, the average analyst target is 30.53% higher at $195.83/share. Below is a twelve month price history chart comparing the stock performance of AAP, VAR, and HES: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Below is a twelve month price history chart comparing the stock performance of AAP, VAR, and HES: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of RWL's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Varian Medical Systems Inc (Symbol: VAR), and Hess Corp (Symbol: HES). Although AAP has traded at a recent price of $150.03/share, the average analyst target is 30.53% higher at $195.83/share.
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Although AAP has traded at a recent price of $150.03/share, the average analyst target is 30.53% higher at $195.83/share. Three of RWL's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Varian Medical Systems Inc (Symbol: VAR), and Hess Corp (Symbol: HES). Below is a twelve month price history chart comparing the stock performance of AAP, VAR, and HES: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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11207.0
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2019-07-22 00:00:00 UTC
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March 2020 Options Now Available For Advance Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/march-2020-options-now-available-for-advance-auto-parts-aap-2019-07-22
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the March 2020 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new March 2020 contracts and identified one put and one call contract of particular interest.
The put contract at the $150.00 strike price has a current bid of $10.10. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $150.00, but will also collect the premium, putting the cost basis of the shares at $139.90 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $158.98/share today.
Because the $150.00 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 66%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.73% return on the cash commitment, or 10.16% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $150.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $165.00 strike price has a current bid of $12.70. If an investor was to purchase shares of AAP stock at the current price level of $158.98/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $165.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 11.78% if the stock gets called away at the March 2020 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $165.00 strike highlighted in red:
Considering the fact that the $165.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 50%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 7.99% boost of extra return to the investor, or 12.05% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 32%, while the implied volatility in the call contract example is 31%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $158.98) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $165.00 strike highlighted in red: Considering the fact that the $165.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the March 2020 expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $165.00 strike highlighted in red: Considering the fact that the $165.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the March 2020 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new March 2020 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $165.00 strike highlighted in red: Considering the fact that the $165.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the March 2020 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new March 2020 contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new March 2020 contracts and identified one put and one call contract of particular interest. Below is a chart showing AAP's trailing twelve month trading history, with the $165.00 strike highlighted in red: Considering the fact that the $165.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the March 2020 expiration.
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11208.0
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2019-06-25 00:00:00 UTC
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First Week of AAP August 16th Options Trading
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AAP
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https://www.nasdaq.com/articles/first-week-of-aap-august-16th-options-trading-2019-06-25
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available this week, for the August 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new August 16th contracts and identified one put and one call contract of particular interest.
The put contract at the $150.00 strike price has a current bid of $6.10. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $150.00, but will also collect the premium, putting the cost basis of the shares at $143.90 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $152.54/share today.
Because the $150.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.07% return on the cash commitment, or 28.54% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $150.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $155.00 strike price has a current bid of $6.60. If an investor was to purchase shares of AAP stock at the current price level of $152.54/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $155.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.94% if the stock gets called away at the August 16th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $155.00 strike highlighted in red:
Considering the fact that the $155.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 53%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.33% boost of extra return to the investor, or 30.37% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 35%, while the implied volatility in the call contract example is 34%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $152.54) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $155.00 strike highlighted in red: Considering the fact that the $155.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available this week, for the August 16th expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $155.00 strike highlighted in red: Considering the fact that the $155.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available this week, for the August 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new August 16th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $155.00 strike highlighted in red: Considering the fact that the $155.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available this week, for the August 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new August 16th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new August 16th contracts and identified one put and one call contract of particular interest. Below is a chart showing AAP's trailing twelve month trading history, with the $155.00 strike highlighted in red: Considering the fact that the $155.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available this week, for the August 16th expiration.
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11209.0
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2019-06-04 00:00:00 UTC
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3 Big Stock Charts for Tuesday: Broadcom, Western Union and Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/3-big-stock-charts-for-tuesday%3A-broadcom-western-union-and-advance-auto-parts-2019-06-04
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nan
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nan
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Any investors counting on the beginning of a new trading week to usher in some relief from last week’s strong selloff are thus far disappointed. The S&P 500 lost another 0.28% on Monday, falling further below its key 200-day moving average line.
Source:
Leading the charge were Facebook (NASDAQ:), Alphabet (NASDAQ:, NASDAQ:) and Amazon (NASDAQ:), down 7.5%, 6.1% and 4.6%, respectively, in response to renewed chatter that the U.S. government is still weighing antitrust efforts for them, and all major tech names.
Yet, there were more advancers than decliners on Monday, pointing to the unevenness of the weakness. Most notable among the winners was the 23.8% jump from Cypress Semiconductor (NASDAQ:). Shares of the tech company soared following word that Infineon had officially made a $10 billion acquisition offer.
None are great trading prospects headed into Tuesday’s session, however, as too much inconsistent volatility is in the cards. Rather, it’s the stock charts of Advance Auto Parts (NYSE:), Western Union (NYSE:) and Broadcom (NASDAQ:) that are worth the closest looks. Here’s what most interesting about each.
Broadcom (AVGO)
Broadcom may have mustered a gain yesterday while the overall market took as step back. But, don’t be fooled. AVGO shares slipped into trouble last week, and have been unable to dig their way out of it. Perhaps worse, it has been verified by a failure to move back above the make-or-break line that failed as a floor last week.
The one remaining support level also happens to be former technical ceiling.
Zooming out to the weekly chart we can see the new floor, plotted in red on both stock charts, used to be a floor that tagged some major peaks.
Advance Auto Parts (AAP)
The last time we looked at Advance Auto Parts back in , it was in trouble. The 200-day moving average line was on the verge of breaking down as a floor, and shares were in the shadow of a huge sell signal. That breakdown ended up taking shape, but not decisively. In fact, by early April, AAP shares were at an even higher high than they were with the big sell signal … a key pivot bar.
There was a method to the madness the whole time though. That is, a major technical floor was being established. It was validated even further late last month, and as of yesterday has taken the biggest chunk out of that floor yet.
Advance Auto Parts has already fallen below last month’s low, marked with a yellow line on the daily chart.
Western Union (WU)
Finally, with nothing more than a passing glance at the chart, it looks like Western Union shares might be slipping into a pullback. And that may well be the case. A second, closer look at WU, however, says there’s still hope for a breakout on the table, if the stock can clear just one more hurdle.
The bounce off of the white 200-day moving average line in early May is made even more significant by the fact that the same $18.40 level was a floor multiple times in 2017 and 2018. That floor is plotted with a yellow line on both stock charts.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, , or follow him on Twitter, at @jbrumley.
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In fact, by early April, AAP shares were at an even higher high than they were with the big sell signal … a key pivot bar. Advance Auto Parts (AAP) The last time we looked at Advance Auto Parts back in , it was in trouble. Shares of the tech company soared following word that Infineon had officially made a $10 billion acquisition offer.
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Advance Auto Parts (AAP) The last time we looked at Advance Auto Parts back in , it was in trouble. In fact, by early April, AAP shares were at an even higher high than they were with the big sell signal … a key pivot bar. The S&P 500 lost another 0.28% on Monday, falling further below its key 200-day moving average line.
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Advance Auto Parts (AAP) The last time we looked at Advance Auto Parts back in , it was in trouble. In fact, by early April, AAP shares were at an even higher high than they were with the big sell signal … a key pivot bar. Source: Leading the charge were Facebook (NASDAQ:), Alphabet (NASDAQ:, NASDAQ:) and Amazon (NASDAQ:), down 7.5%, 6.1% and 4.6%, respectively, in response to renewed chatter that the U.S. government is still weighing antitrust efforts for them, and all major tech names.
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Advance Auto Parts (AAP) The last time we looked at Advance Auto Parts back in , it was in trouble. In fact, by early April, AAP shares were at an even higher high than they were with the big sell signal … a key pivot bar. Source: Leading the charge were Facebook (NASDAQ:), Alphabet (NASDAQ:, NASDAQ:) and Amazon (NASDAQ:), down 7.5%, 6.1% and 4.6%, respectively, in response to renewed chatter that the U.S. government is still weighing antitrust efforts for them, and all major tech names.
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11210.0
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2019-05-30 00:00:00 UTC
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S&P 500 Analyst Moves: AAP
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AAP
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https://www.nasdaq.com/articles/sp-500-analyst-moves%3A-aap-2019-05-30
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nan
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nan
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The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Advance Auto Parts (AAP) is now the #113 analyst pick, moving up by 1 spot.
This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values.
Looking at the stock price movement year to date, Advance Auto Parts (AAP) is showing a gain of 1.2%.
VIDEO: S&P 500 Analyst Moves: AAP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Advance Auto Parts (AAP) is now the #113 analyst pick, moving up by 1 spot. Looking at the stock price movement year to date, Advance Auto Parts (AAP) is showing a gain of 1.2%. VIDEO: S&P 500 Analyst Moves: AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Advance Auto Parts (AAP) is now the #113 analyst pick, moving up by 1 spot. Looking at the stock price movement year to date, Advance Auto Parts (AAP) is showing a gain of 1.2%. VIDEO: S&P 500 Analyst Moves: AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Advance Auto Parts (AAP) is now the #113 analyst pick, moving up by 1 spot. VIDEO: S&P 500 Analyst Moves: AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Looking at the stock price movement year to date, Advance Auto Parts (AAP) is showing a gain of 1.2%.
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The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Advance Auto Parts (AAP) is now the #113 analyst pick, moving up by 1 spot. Looking at the stock price movement year to date, Advance Auto Parts (AAP) is showing a gain of 1.2%. VIDEO: S&P 500 Analyst Moves: AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11211.0
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2019-05-24 00:00:00 UTC
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Friday Sector Laggards: Energy, Services
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AAP
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https://www.nasdaq.com/articles/friday-sector-laggards%3A-energy-services-2019-05-24
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nan
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nan
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In afternoon trading on Friday, Energy stocks are the worst performing sector, showing a 0.6% loss. Within that group, Baker Hughes, A GE Company (Symbol: BHGE) and Concho Resources Inc (Symbol: CXO) are two large stocks that are lagging, showing a loss of 3.5% and 3.1%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.1% on the day, and up 7.87% year-to-date. Baker Hughes, A GE Company, meanwhile, is up 5.16% year-to-date, and Concho Resources Inc, is down 2.76% year-to-date. Combined, BHGE and CXO make up approximately 2.9% of the underlying holdings of XLE.
The next worst performing sector is the Services sector, showing a 0.3% loss. Among large Services stocks, Foot Locker, Inc. (Symbol: FL) and Advance Auto Parts Inc (Symbol: AAP) are the most notable, showing a loss of 17.1% and 1.9%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 0.1% in midday trading, and up 15.28% on a year-to-date basis. Foot Locker, Inc., meanwhile, is down 16.36% year-to-date, and Advance Auto Parts Inc, is down 0.39% year-to-date. Combined, FL and AAP make up approximately 0.5% of the underlying holdings of IYC.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, five sectors are up on the day, while three sectors are down.
25 Dividend Giants Widely Held By ETFs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among large Services stocks, Foot Locker, Inc. (Symbol: FL) and Advance Auto Parts Inc (Symbol: AAP) are the most notable, showing a loss of 17.1% and 1.9%, respectively. Combined, FL and AAP make up approximately 0.5% of the underlying holdings of IYC. In afternoon trading on Friday, Energy stocks are the worst performing sector, showing a 0.6% loss.
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Among large Services stocks, Foot Locker, Inc. (Symbol: FL) and Advance Auto Parts Inc (Symbol: AAP) are the most notable, showing a loss of 17.1% and 1.9%, respectively. Combined, FL and AAP make up approximately 0.5% of the underlying holdings of IYC. In afternoon trading on Friday, Energy stocks are the worst performing sector, showing a 0.6% loss.
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Among large Services stocks, Foot Locker, Inc. (Symbol: FL) and Advance Auto Parts Inc (Symbol: AAP) are the most notable, showing a loss of 17.1% and 1.9%, respectively. Combined, FL and AAP make up approximately 0.5% of the underlying holdings of IYC. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.1% on the day, and up 7.87% year-to-date.
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Among large Services stocks, Foot Locker, Inc. (Symbol: FL) and Advance Auto Parts Inc (Symbol: AAP) are the most notable, showing a loss of 17.1% and 1.9%, respectively. Combined, FL and AAP make up approximately 0.5% of the underlying holdings of IYC. Within that group, Baker Hughes, A GE Company (Symbol: BHGE) and Concho Resources Inc (Symbol: CXO) are two large stocks that are lagging, showing a loss of 3.5% and 3.1%, respectively.
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11212.0
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2019-05-22 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Q1 2019 Earnings Call Transcript
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-q1-2019-earnings-call-transcript-2019-05-22
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nan
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nan
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Image source: The Motley Fool.
Advance Auto Parts Inc (NYSE: AAP)
Q1 2019 Earnings Call
May 22, 2019, 8:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Welcome to Advance Auto Parts First Quarter 2019 Conference Call. Before we begin, Elisabeth Eisleben, Vice President, Investor Relations will make a brief statement concerning forward-looking statements that will be discussed on this call.
Elisabeth Eisleben -- Vice President, Investor Relations
Good morning and thank you for joining us to discuss our first quarter 2019 results. I'm joined by Tom Greco, our President and Chief Executive Officer; and Jeff Shepherd, our Executive Vice President and Chief Financial Officer. Following their prepared remarks, we will turn our attention to answering your questions.
Before we begin, please be advised that our comments today may include forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Our actual results may differ materially from those projected in such statements due to a number of risks and uncertainties which are described in the Risk Factors sections in the Company's filings with the Securities and Exchange Commission. We maintain no duty to update forward-looking statements made.
Additionally, our comments today include certain non-GAAP financial measures. We believe providing these measures helps investors gain a more complete understanding of our results and is consistent with our management views, our financial results. Please refer to our quarterly press release and accompanying financial statements issued today for additional details regarding the forward-looking statements and reconciliations of these non-GAAP financial measures to the most comparable GAAP measures referenced in today's call. The content of this call will be governed by the information contained in our earnings release and related financial statements.
Now, let me turn the call over to Tom Greco.
Tom Greco -- President and Chief Executive Officer
Thanks, Elizabeth. Good morning, everyone, and thank you for joining us today as we review our first quarter 2019. I'd like to begin with recognizing our more than 70,000 dedicated Advance team members and our superb network of Carquest Independents. Their unwavering commitment to say yes to our customers enable Advance to deliver progress in Q1, while making necessary investments to solidify the achievement of our long-term strategic goals.
In the first quarter, net sales increased 2.7% to $3 billion and comparable store sales were also up 2.7%. Our adjusted operating income margin of 8.3% increased 46 basis points compared to the prior year quarter. And our adjusted diluted earnings per share increased 17.1% to $2.46. In a few moments, Jeff will speak to the details of our financial results. However, I wanted to share some highlights from our Q1 performance first.
In the first quarter, we delivered broad-based positive comp sales with the highest growth coming from our Midwest, Mid-Atlantic, Appalachia, Carolina's and Central regions. From a category perspective, we saw strong growth in brakes, motor oil and batteries. In the first quarter, we experienced some weather-related volatility, primarily in the DIY segment. This is not unusual in this timeframe. At the same time, we're pleased that our comparable store sales were positive in both DIY Retail and Professional in Q1.
In addition, our e-commerce team delivered meaningful growth throughout the quarter. We achieved this while delivering our fourth consecutive quarter of positive comp sales and an improvement on our two-year stack versus Q4. Our professional business was strong throughout the quarter. We believe that improving industry fundamentals are benefiting our Professional business. We're seeing increased adoption and utilization of our unified front-end portal MyAdvance with our Professional customers, which we expect will drive meaningful growth for both existing and new customers. As a reminder, MyAdvance is a one-stop shop of our full suite of tools for Professional customers to build their business, including our new enterprise catalog Advance Pro.
Advance Pro has now been extended to fully support our Carquest locations, bringing all the benefits of Advance Pro to more Professional customers as we've now enabled our independence to leverage many of the catalog features we've rolled out in our company-owned stores. Additionally, we recently expanded our TECH-NET program. TECH-NET is a business solutions partnership program designed to help independently owned repair facilities, grow their business and develop customer loyalty, while maintaining their own identities and serving their local communities.
The enhancements will help us grow this network of more than 9,800 TECH-NET shops across the US and Canada. The enhancements were created with direct input and requests from existing TECH-NET partners. We're committed to being the trusted first call for all of our customers and continue to leverage feedback from our Professional field team, Carquest Independence and TECH-NET customers to ensure they have the tools they need to succeed.
In addition to investments we're making for Professional customers, we're also cognizant of how DIY customer shopping patterns are evolving. We invested in key DIY platforms in Q1, including moving key capabilities to the cloud, enhancing our customers' digital experience, increasing site speed and improving shipping capabilities. We also made several back-end investments such as updating SKU availability and accessibility on our website.
On the marketing side, we're making progress on elevating the Advance brand and are pleased with the roll-out of our new campaign Think Ahead Think Advance. Since launching the campaign, we've seen an increase in both purchase consideration and increases in website traffic with year-on-year increases outpacing the vast majority of all retailers. Importantly, we've also seen continuous improvement in the overall awareness and brand recognition of Advance through recent brand tracker surveys, which are the highest we've seen since we began tracking these metrics in the first quarter of 2017. In fact, our top-of-mind awareness scores improved both sequentially and year-over-year. This improvement is a direct result of our strategic focus on our omni-channel and an ongoing investment priority of our transformation.
Finally, to round out our top-line growth initiatives, we're rolling out new tools for our frontline team members to make their daily tasks easier and allow them to focus on what really matters, serving and delighting our customers. One of our most important initiatives is our next-gen store network, updating outdated technology throughout our stores. Several of our legacy systems and capabilities create delays and frustration for our frontline team members when they're not able to easily view our rapidly toggle between necessary tools such as our catalog, delivery dashboards, and training modules.
Our next-gen network significantly increases speed and reliability, including a new connected phone system that allows us to serve customers better than ever. As one example, our team members can lookup parts much faster with an average 85% improvement in the speed of catalog lookups, ultimately providing faster and more reliable service for our customers.
Our next-gen network is an example of our focus on reducing non-value-added tasks. Unfortunately, our team members were spending an inordinate amount of time on these tasks, which takes them away from customer-facing value-added work. We're working to reduce these tasks throughout the enterprise. And as an example, in our stores, we recently launched MyDay, a tool that groups several modules to manage and direct the administrative and back-office work in our stores.
Since early in Q1, our GMs report that they're reducing administrative work hours and can dedicate more time to customer-facing sales and team member training in their stores. We expect these investments will not only improve productivity in our stores and our customer support centers, we're also confident these initiatives will reduce turnover rates as we make it easier for all our team members to do their job. We continue to make excellent progress on improved retention. And in the first quarter, we reduced turnover by approximately 15%, among our core (technical difficulty) frontline team members. Our goal in 2019 is to reduce turnover in each of our core frontline roles for the third consecutive year as Advance (technical difficulty) the reputation of being the very best place to work for great parts people.
As we drive sales at or above the industry's average, we're equally focused on our unique opportunity to expand margins in four key areas. First, in terms of improving sales and profit per store and our footprint optimization strategy, we remain consistent in our approach to store closures and consolidations in the first quarter. In line with this commitment, during the quarter, we closed and consolidated 38 stores while reducing the cost of our overall rents obligation as we right-size our asset base. With our improved approach to store closures and consolidations, our overall rate of professional sales retention has consistently exceeded both historical and planned retention, and our field team is doing great work to retain top talent while working with our large network of stores to place team members. We've also had some significant wins on lease negotiations and have been successful in meaningfully reducing our lease liabilities. All of these factors will continue contributing to improved cash flow for AAP.
In parallel, we also continue to look market by market for opportunities to drive growth. We're pleased with our execution of openings during the quarter, which included three new retail stores and three Worldpac branches. We're also very excited to welcome 20 new independently owned Carquest locations that joined the Advance family in the first quarter. We'll continue to look for opportunities to optimize our footprint and drive our sales and profit per store to targeted levels.
Second, in terms of supply chain, we're focused on the long-term optimization of our distribution center footprint as we improve execution day in and day out. With respect to Q1, we made progress on our critical cross-banner replenishment initiative, which will enable us to ship parts from our legacy Red DCs to legacy Blue stores, and similarly with our Blue DCs and Red stores. This is a significant unlock that will reduce stem miles and improve customer service. Once fully implemented, we expect to improve product availability, drive inventory turns and deliver significant cost productivity. In terms of execution, improving performance is primarily focused on standardization, and what we describe as running common in terms of processes across all DCs. For a variety of reasons, including systems, we do not do this today. I remain confident in the Supply Chain team's ability to transform and integrate our supply chain, while improving execution in 2019.
Our third margin expansion opportunity is category management, where we're making progress in our ongoing material cost optimization efforts, development of private label and strategic pricing. Finally, we remain focused on every single line within SG&A, once again leveraging store labor amid wage inflation, driving reductions in rent through our store footprint optimization efforts, while reducing insurance and workers' comp related costs with our dedicated focus on the safety of our team members. In terms of safety, we're seeing meaningful improvements in our incident rates, which is translating to the P&L. We're committed to further improvement as we continue executing on our detailed health and safety agenda.
Overall, our operating margins improved again this quarter. That said, we know we still have a material opportunity ahead and continue to focus on ensuring the customer is first in everything we do. With this disciplined execution, we're confident we'll drive revenue growth and margin expansion.
Before turning over to Jeff, I want to thank him for his commitment to ensuring the financial success of Advance by serving in dual roles over the past year, while we conducted an extensive search for the best candidate to succeed him in his Controller and Chief Accounting Officer role. After a thorough search, I'm pleased to announce that Andrew Page joined the Advance team as our Senior Vice President, Controller and Chief Accounting Officer last week. Andrew brings over 25 years of broad-based accounting experience with him, most recently as Senior Vice President and Chief Accounting Officer for Under Armour, and we're thrilled to have on the Advance team.
With that, I'll turn it over to Jeff for details on our financial performance.
Jeff Shepherd -- Executive Vice President, Chief Financial Officer
Thanks, Tom, and good morning, everyone. I want to begin by welcoming Andrew to the Advance team. I'm confident that his experience will be a great addition to our finance organization and help deliver our finance division to drive customer and shareholder value through a world-class finance team. I'd also like to thank the entire Advance team for their continued efforts in Q1, which enabled another quarter of positive results.
In Q1, our adjusted gross profit was $1.3 billion, an increase of 3.6% from the prior year quarter. On a rate basis, our adjusted gross profit margin of 44.6% improved by 37 basis points from the prior year quarter, driven by improved pricing that more than offset cost headwinds we're incurring, together with continued improvement in our inventory management throughout the enterprise. These gross margin benefits were partially offset by planned investments in supply chain wages as we're focused on reducing turnover and improving execution throughout our distribution centers.
In addition, our margin expansion was partially offset by an increase in shrink as our distribution centers have made significant progress in backlog tests. Despite the headwinds, I'm confident our actions are building a foundation for much improved DC performance. The improved reclamation process will improve our level of service and inventory accuracy. Related to improving inventory assortment and availability, we continued the deployment of our top 25 categories using dynamic assortment in the first quarter. We've seen a meaningful increase in incremental sales since the initial launch and we continue to roll out this program. We plan to complete the roll out to all stores by the end of 2019 and will expand the categories included.
Our adjusted SG&A was $1.1 billion in the first quarter, an increase of $26 million year-over-year. The primary drivers of this increase were due to minimum wage and planned merit increases, professional services related to our IT and e-commerce investments and a year-over-year increase in fuel and transportation expenses related to the utilization of our cross-banner visibility. However, on a rate basis, our adjusted SG&A improved by 8 basis points compared to the prior year quarter to 36.4%. We are once again able to leverage store labor as a percent of net sales in Q1. Additionally, as safety continues to be a top priority for Advance, I'm pleased with the continued expense reductions directly correlated to our lower incident rates and claims.
Adjusted operating income in Q1 was $243.6 million, an 8.7% increase from Q1 2018. Our adjusted operating income margin increased 46 basis points to 8.3% in the quarter. Adjusted EPS for the quarter increased 17% to $2.46. This excludes the one-time cost related to the early redemption of our bonds that would have come due in 2020. In terms of capital spending, we invested $61 million in capital projects in Q1 compared to $34 million in the same period of the prior year. Our largest investments were information technology related as we remain focused on the complete back-office integration throughout Advance. Related to our capital spending, the investments made have had corresponding operating expenses that are in line with our expectations in the quarter. We anticipate that we will continue to ramp up capital investments throughout 2019 focusing on information technology, supply chain and e-commerce.
As part of our ongoing efforts of managing our working capital, we continue to make progress on our AP ratio. Notably, our AP ratio for the quarter was 74%, an increase of approximately 550 basis points compared to the prior year quarter. This improvement, together with our disciplined working capital improvements, help enable another strong quarter of free cash flow growth. In Q1, our free cash flow was $143 million, which increased nearly 20% compared to the prior year quarter. As we previously discussed during our call in February, in the quarter, we completed the early redemption of our $300 million bonds due in May of 2020. In line with our financial priorities, we are pleased that our leverage ratio of 2.1 times is now at the lowest point since the GPI acquisition.
Additionally, through our focus on cash flow and disciplined approach to capital allocation, we returned over $130 million in share repurchases and dividends during the quarter. Our team's unrelenting focus has enabled a solid balance sheet that provides us financial flexibility and security. I'm confident our ability to generate meaningful cash flow combined with the strength of our balance sheet will differentiate Advance and create financial stability regardless of economic trends that may impact the industry. We believe that the fundamentals we set in place for the quarter are crucial, and we will continue to focus on meeting our goals for the balance of 2019.
With that, let's open it up to addressing your questions. Operator?
Questions and Answers:
Operator
Thank you. (Operator Instructions) Our first question comes from Michael Lasser of UBS. Your line is now open.
Michael Lasser -- UBS -- Analyst
Good morning. Thanks a lot for taking my question. Tom, your comparisons are going to get a lot tougher in the next couple of quarters. If we just go through the two-year stack, (technical difficulty) negative comp, how are you going to be able to think low to mid-single-digit comp rate that (technical difficulty) over the last quarter?
Tom Greco -- President and Chief Executive Officer
Hey. Good morning, Michael. We feel pretty good about where we're situated for the year. The important metrics that we track to drive comp improvement are working well for us. We look at them every single week and in some cases daily. So, when we look at UPT, our primary e-com metrics. Our loyalty program, which is Speed Perks, we're excited about some refinements we've made there, that we're rolling out. On the Pro side, dynamic assortment is helping with our stock rate and close rate. So we really track the input metrics. And as we see those input metrics translate the sales improvement, we are confident that we continue to build on the two-year stack that we put up in the first quarter. And that's kind of how we plan the year. Obviously we're starting to lap growth and we're excited about that. We want to continue to drive growth and have comp sales at or above the industry average. And overall, we're pleased with the fact that both Pro and DIY grew in the first quarter, and that's the goal for the rest of the year.
Michael Lasser -- UBS -- Analyst
That helps. My follow-up question is, you see good gross margin expansion in the first quarter, but (technical difficulty) moderated from where we've seen over the last few quarters. That coupled with one of your competitors reporting similar trend yesterday, it started to raise the question, is the auto parts retail sector (technical difficulty) gross margin, can you comment specifically on that topic and then what outlook for Advance gross margin (technical difficulty) next quarter?
Tom Greco -- President and Chief Executive Officer
Yeah. Sure, Mike. We've had a number of initiatives that we've had in place for a while. Our material cost optimization is something that's ongoing. We're always looking for ways to minimize costs. We're working very collaboratively with our supply partners in terms of minimizing those costs, and we obviously saw some evidence of that this quarter. We think that can continue. We work with them day in and day out. We've been through the various categories in AAPCQ and we're continuing to do that as we work through with AI and Worldpac. So, we look at that -- obviously we look at our assortment, we look at private label, that's another area that we're addressing. So, for us in particular, we think we have a number of areas that we can focus on to continue to drive cost down and keep our margins where they're at or better.
Michael Lasser -- UBS -- Analyst
So, just to clarify, we should assume that price transparency starting to creep in the industry and everyone is having to promote a little bit more to drive sales.
Tom Greco -- President and Chief Executive Officer
I wouldn't necessarily assume that, Michael. We've been consistent in terms of how we look at the business that really, especially on the Professional side, product availability is king. And then you've obviously got other factors in there, the relationship we have with our customers. Obviously, you've got to be competitive on price, but there is other levers that are more important. So, we're looking at pricing very closely in addition to what Jeff said. I mean, the material cost optimization work is excellent that Mike Broderick and his team are leading. We do feel we have a disproportionate opportunity that grow our private label business relative to others maybe. We have a lower starting point. But we've got to look strategically across our business at pricing. And where it makes sense, we're going to be more intense and more competitive. And in other places, we see opportunities to expand margins. So, we've got a tremendous opportunity to grow gross margins, and that's a big part of our long-term plan.
Michael Lasser -- UBS -- Analyst
Thank you very much.
Operator
Thank you. And our next question comes from Chris Horvers of JPMorgan. Your line is now open.
Chris Horvers -- JPMorgan -- Analyst
Thanks. Good morning, guys.
Tom Greco -- President and Chief Executive Officer
Good morning, Chris.
Chris Horvers -- JPMorgan -- Analyst
A couple of questions. So, on the investment side, can you talk about how much investments were put in, in the first quarter, I think you talked about roughly 100 basis points of investment pressure over the year. How much did you put it in the first quarter? And then laterally, can you also talk about how you think about the growth rate of SG&A dollars or perhaps leverage over the balance of the year so the cadence how you're thinking about that?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer
Yeah, sure. As it relates to the investments, Chris, as a reminder, we indicated the $80 million to $120 million of what we're calling OpEx investments back into the business, and that's a combination of technology-related people and marketing, and we're very much on track. We've reinvested that and it's going to continue to ramp during the year. But we're very much in line with that guidance that we provided you.
Chris Horvers -- JPMorgan -- Analyst
And then, in terms of like how you think about just the overall, say, SG&A leverage, I think on the last call you talked about sort of steady improvement over the year from a leverage perspective on SG&A?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer
Yeah. if you remember, we talked about our SG&A to be consistent with what we saw in 2018. We finished the year at 36.3%, and we anticipate we'll be in line with that in 2019.
Chris Horvers -- JPMorgan -- Analyst
Got it. And then, just broadly you talked about improvement to your stacks in the comps DIY and Commercial up, how did the stacks shake out on the DIY and Commercial front? And you didn't mention Northeast as an outperforming region, was that an area that you saw more of sort of underperformance relatively on the DIY side?
Tom Greco -- President and Chief Executive Officer
Well, we called out the top performing regions. We have 12 of them. And honestly, we grew everywhere. We're happy with our overall comp performance. The Northeast was a little bit behind, not significantly behind, actually was close to being in the top 5, if you will, Chris. But overall, we continue to be happy with our business up there.
Chris Horvers -- JPMorgan -- Analyst
And then, the DIY versus Commercial, any comments on stacks in the first quarter relative to 4Q?
Tom Greco -- President and Chief Executive Officer
Yeah. Both of them grew on a two-year stack basis. And as we said, both DIY and Pro grew. Pro outperformed DIY by a little bit. I mean, this has been a couple of quarters in a row where we've been relatively close. There isn't a huge outperformance in aggregate. The Professional business is coming together under Bob Cushing where we're kind of packaging our entire lineup under the Professional banner that we call Advance Professional. And then, obviously DIY omni-channel, we're integrating the online experience with the in-store experience, and that's performing well. So, relatively close by Professional outperformed DIY in the quarter.
Chris Horvers -- JPMorgan -- Analyst
Excellent. Best of luck, guys. Thanks.
Tom Greco -- President and Chief Executive Officer
Thank you.
Operator
Thank you. And our next question comes from Bret Jordan of Jefferies. Your line is now open.
Bret Jordan -- Jefferies -- Analyst
Hey. Good morning, guys.
Tom Greco -- President and Chief Executive Officer
Good morning, Bret.
Bret Jordan -- Jefferies -- Analyst
Could you give us an update as to where we are on the Walmart partnership and the omni-channel initiative?
Tom Greco -- President and Chief Executive Officer
Sure. We're very excited about this one, Bret. We're very much on track with what we've talked about. We're building an automotive specialty store on walmart.com where our customers will have access to our parts, accessories and maintenance items, et cetera, in addition to Walmart's other offerings. And we're really working together on delivering a differentiated experience. We believe we can bring speed, convenience and trusted advice to the large number of DIY customers who are already going to walmart.com everyday. We're on track to get started in the front half, we'll build the capabilities for the year. I don't expect this to be a big factor in the second half, because we want to make sure that the customer proposition is absolutely best-in-class at each stage of our roll-out. We meet on this every week, and it's something that we're very aligned with the Walmart team on. So, going well and more to come.
Bret Jordan -- Jefferies -- Analyst
Okay, great. Then a follow-up. As far as the progress and closing some distribution infrastructure, any experience do you have as far as converting systems and maybe fill rates and stores where you're seeing some DC shutdowns?
Tom Greco -- President and Chief Executive Officer
Yeah. We've -- I think we've hardened that process, Brad. We've now closed three buildings. We're now looking at how we can further optimize our existing DCs, and that includes our cross-manner replenishment initiative, which we've spoken about. We're now making daily replenishment deliveries to a group of Carquest stores from an Advance DC. And within this pilot, we're still in the learning phase, but we expect to be complete at that by summer. Separately we've got a pilot that's replenishing in Advance store from a Carquest DC. So, the plan here is to take what we've learned from these pilots and really scale them to other DC store combinations later in the year and into 2020. So, we're getting the process down when we point a store at a new distribution center, we're making sure that we don't lose any momentum. And the intent there is to do it in such a way that the catching DC is ready to go when we point that store at the catching DC. So we haven't seen any deterioration in fill rates. I mean, we've finished up the three. I think we finished up the most recent one in the first quarter of this year, and we're excited about it. There is a tremendous opportunity for us to take cost out with this initiative.
Bret Jordan -- Jefferies -- Analyst
Great, thank you. Appreciate it.
Operator
Thank you. And our next question comes from Mike Baker of Deutsche Bank. Your line is now open.
Mike Baker -- Deutsche Bank -- Analyst
Thank you. I just wanted to ask you about trends throughout the first quarter. Were you impacted by tax refunds at all? How does that impacted February and what has happened since then? This is particularly long quarter for you guys. And I guess you mentioned the weather impacts. So I'm wondering if you could quantify that.
Tom Greco -- President and Chief Executive Officer
Yeah. First of all, Mike, on tax refunds, we looked at the scans by week. We get the syndicated data from NPD, and we did see a bit of a lag there but it did come back as the quarter ended. So it really wasn't a factor for us at all. And weather was volatile, it always is in the first quarter. I would say that generally some of these season's straddle quarters for us, whether it's winter between Q4 and Q1, or even now, as you think about the spring selling season, it was a little warmer in April this year than it was last year. It's been a little cooler to start off May, so the spring selling season has been somewhat elongated in that regard, but I wouldn't say there was any material impact on the first quarter results for us.
Mike Baker -- Deutsche Bank -- Analyst
Okay. And then, I guess, related to that and really to follow-up on Chris' question, so you comped at 2.7, which is above your full year guidance of 1 to 2.5, so that either suggests that you decelerate through the year or there is upside to that guidance. So, in your opinion, which is more likely, and do you expect to comp positively in all four quarters?
Tom Greco -- President and Chief Executive Officer
That's certainly the plan is to comp positively in all four quarters. We do have more difficult lapse in the back half of the year. We're confident in our full year guide. Our goal obviously is to be at or above the industry average. So, clearly we're focused on beating the number. But that said, we're sticking with our full year guide and we're confident we'll achieve that.
Mike Baker -- Deutsche Bank -- Analyst
And one more related to that. Was the first quarter 2.7, how is that in line with your internal plan?
Tom Greco -- President and Chief Executive Officer
Yeah, it was slightly lower than our internal plan for the quarter. But as we look at the full year, we did front-end load the plan. That's what we like to do here to make sure that we make it difficult to start the year, and we remain confident in the full year guide.
Mike Baker -- Deutsche Bank -- Analyst
Okay. I appreciate all the color. Thank you.
Operator
Thank you. And our next question comes from Seth Basham with Wedbush Securities. Your line is now open.
Seth Basham -- Wedbush Securities -- Analyst
Thanks a lot, and good morning. My question is around cross-banner replenishment. You gave a little bit more color. But I was wondering if you could be more specific as to when you expect to have the chain up and running fully on cross-banner replenishment. Is it 2020 or 2021 then?
Tom Greco -- President and Chief Executive Officer
Yeah. Sure, Seth. Yeah, very exciting initiative for us. Appreciate the question. We were using -- Reuben Slone is leading this work. We've got some special software that we're using that allows us to be much more freight logical in our design of our system. We have all the assets we need to succeed. We've got 50-plus distribution centers, as you know. And many of them are positioned in urban markets like a Chicago and Dallas, et cetera, and they operate in a silo today. So we'll be able to use those DCs very definitely, think about Dallas, Texas. We've got a Blue DC sitting in Dallas. We've got a whole bunch of stores there, but we don't ship them from Dallas, we ship them from Houston actually. So, as we stand all this up, it's going to really help our -- not just our cost, but our availability and our speed to get product to our stores. The plan is to get out these DC store combinations in the back half of this year. We see it continuing through '20. It might bleed into the front half of '21. We're going to be very careful about this change. Obviously as we have been with DC closures to-date, we want to make sure that we're executing flawlessly and we're not disrupting the customer. So, the plan is to essentially start the ball rolling in the back half of this year. Next year will be a busy year as we transfer stores to new DCs, and again it might drift into the front half of '21, but we'll be realizing the full benefit of these savings and the availability improvements by that timeframe.
Seth Basham -- Wedbush Securities -- Analyst
Really helpful color. And then, secondly, a follow-up just around gross margins this quarter. Jeff, was there any LIFO benefit or charge this quarter?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer
Yeah. There was the LIFO charge this quarter of $26 million that was largely -- more than offset by changes in our supply chain costs that we were capitalizing on the balance sheet. So, what we call, our inventory related costs were de-minimis this quarter, and that's consistent with the year-over-year quarter as well.
Seth Basham -- Wedbush Securities -- Analyst
Okay. Now a bit more color around the adjustment you made on gross margin this quarter with out of period adjustments?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer
Yeah, sure. That was something, as we were closing our books, we came across that. It really relates to prior years as we were going through and looking at some of the processes we had around matching some of our invoices. There was a lot of really small invoices that have added up over the years, should run through the inventories as far back as 2014. So none of that relates to 2019, which is why we want to call it out separately.
Seth Basham -- Wedbush Securities -- Analyst
Fair enough. Thank you.
Operator
Thank you. And our next question comes from Simeon Gutman of Morgan Stanley. Your line is now open.
Simeon Gutman -- Morgan Stanley -- Analyst
Good morning, everyone. My question, it's sort of a follow-up on a few questions regarding the rest of the year and sales. So you are outperforming the peer group for a bunch of quarters. Now it's somewhat underperformed in the first quarter. You do have tougher comparisons now in the back half. So, can I ask it in this way, if you look at the initiatives around sales for this year versus ones that were in place last year, are they any -- are they more incremental, are they more marginal or are any of the initiatives you're working on should result in -- I'd like a step change to the sales overtime or thinking about distribution longer term, that's the next layer that's going to unlock better throughput?
Tom Greco -- President and Chief Executive Officer
That's great question, Simeon. I mean, I think, look, we're obviously very cognizant of where we're situated. We're pleased that we're competing in a very healthy industry that's growing. That's something you're hearing from everyone, very excited about the prospects for 2019 and beyond as that vehicles in the sweet spot continues to grow. Our agenda is a complex one, as you know. I mean, we're primarily focused on delighting our customers and improving execution and drive sales growth, but we're also very focused on delivering margin expansion, profitability and cash flow. So, we're taking a balanced approach to executing our strategy. We're going to continue to drive the initiatives that I spoke about earlier to drive more top line. Of course, we'd like to have more sales and we want to be gaining share, and we're balancing that with the need to deliver the P&L overall.
I think, in terms of specific initiatives, I'm probably most excited about the launch of our Speed Perks loyalty program in the back half of this year. That should help us with DIY significantly. We're focused on our most loyal customers. We've had a pilot market in place for a couple of periods now that we're beginning to scale. We see some big upside there. Obviously online continues to perform extremely well.
And I think Bob Cushing, on the Professional side, we are seeing significant momentum in our two-year stacks there as we kind of package together our overall offering. You've got cross-banner visibility now in place. MyAdvance is working well for us. We're seeing increased adoption of our Advance Pro catalog, more online ordering. So there's a lot going on, and we're trying to balance everything that we're doing in a way that we continue to execute flawlessly.
Simeon Gutman -- Morgan Stanley -- Analyst
Got it. My follow-up is on distribution. You just laid out the timeframe for, I guess, progress overtime and some of the big changes. You increased pay, you mentioned that last quarter. Can you talk about -- I don't think it would have the same impact. And if you increased pay at a store, you might see better productivity. Can you talk about what that changes meaning to the distribution center, I guess maybe through turnover and is productivity improving from those changes alone?
Tom Greco -- President and Chief Executive Officer
Yeah, for sure. First of all, there's nothing more important than our team members. I want to emphasize that to our success. We're focused on attracting the very best people that we can. And we knew there was going to be higher wages this year in 2019. We reviewed our exposure to each DMA. I think as you know, Simeon, we've made a big investment in our frontline team members in the store -- stores themselves through our unique Fuel the Frontline stock ownership program, which now in its third full year. We also substantially improved our 401(k) platform that is available to everyone. So we're making sure that we're helping our team members with even retirement planning, if you will.
In the DCs, Reuben felt pretty strongly that our wage increase in the DCs would help reduce turnover, and I've been quite surprised at how rapidly that impacted our turnover in the DCs. We've seen a pretty significant drop very quickly, and it has helped us. I mean, it's helped us with the fill rates, the reliability, the accuracy, and also we've taken several days off our reclamation in the DCs. So, I think overall it's helping our execution, and I know Reuben is very committed to standardization, and really getting much more commonality across our buildings. And I think that will help us also. So, clearly when you make a wage investment, there has to be an output metric that you can attribute to the investment you're making in wages. And I think we're connecting those dots pretty well.
Simeon Gutman -- Morgan Stanley -- Analyst
Okay, thank you.
Operator
Thank you. And the next question comes from Scot Ciccarelli of RBC Capital Markets. Your line is now open.
Scot Ciccarelli -- RBC Capital Markets -- Analyst
Good morning, guys. Scot Ciccarelli. So, I know it's an ongoing process, but can you guys update us kind of where you are in the process of renegotiating terms and pricing with your vendors?
Tom Greco -- President and Chief Executive Officer
Yeah, sure. First of all, Scot, I think it's really an iterative process. We're never going to be done. But when we talked about sort of the first round, we were specifically focused on AAPCQ, we're about 90% there. We've gone through the major categories. We're ramping that up, but again it doesn't stop. We're going to go back and we're going to be looking at Worldpac. We're looking at some of the categories that started over a year ago. And so, it's going to be an ongoing process. Like you said earlier, we're working very collaboratively with our supplier partners. And so, we expect to continue this process as we look for margin improvement and we look for strong relationships with our vendors.
Scot Ciccarelli -- RBC Capital Markets -- Analyst
Got it. And then, a follow-up. Can you also provide -- I know you talked a bit about cross-banner, product sales and how that distribution back end is changing. Is it possible to provide some color or range, however you want to describe it, regarding how you think about the contribution margin performance and how that will change as you guys try to optimize the back end?
Tom Greco -- President and Chief Executive Officer
Can you expand on that a little bit, Scot? I want to make sure I understand your question.
Scot Ciccarelli -- RBC Capital Markets -- Analyst
Tom, specifically on the cross-banner sales -- cross-banner product sales. My understanding has been that the profit margins on the sales had been relatively modest. And as you guys optimize the supply chain and delivery and distribution part of it, there is an opportunity set for those margins to expand. If you can just kind of help us frame it some way, I think that might be helpful for the group.
Tom Greco -- President and Chief Executive Officer
Sure. Well, for sure, we're again starting to make progress on that one. We weren't clear on what the impact of cross-banner visibility was going to be when we first rolled it out. I mean, you're making Worldpac parts visible to our Advance Pro -- our Advance customers in that respect and vice versa, et cetera. So, now we've got a pretty good handle on what are the brands that our customers weren't able to get before, but now that they can see a broader array of parts they are now able to get. So, we've been able to map that out, and now we've had meetings DMA by DMA that Reuben is leading to ensure that we're essentially moving the parts around in market as efficiently as possible.
We start to lap this, I think, in the second quarter. We did see our expenses. Our transportation in market fleet expenses came down a little bit in the first quarter from where they've been. So that optimization work is happening. And I think as we get into the second and third quarter, I think it be -- we'll be in a position to start actually potentially saving some money in those lines.
Scot Ciccarelli -- RBC Capital Markets -- Analyst
Understand. Okay. Thanks, guys.
Tom Greco -- President and Chief Executive Officer
Thank you.
Operator
Thank you. And our next question comes from Chris Bottiglieri of Wolfe Research. Your line is now open.
Chris Bottiglieri -- Wolfe Research -- Analyst
Yeah. Thanks for taking my questions. First one is just on leverage. It looks like given the lease accounting changes that you adopted, your leverage metric decreased about half a turn from that change. So what is, I guess, figure out if that's the way the ratings are looking at it in credit investors? And then, Mike, given the methodology change, should we still rely on the historical 2.5 to 3 turns a leverage under this new methodology or has that also changed?
Tom Greco -- President and Chief Executive Officer
Yeah. So, obviously I can't speak for the ratings agencies or how they're going to look at this. When we looked at it, the 6 times rent expense was really a proxy for what we thought an obligation would be. With the new lease accounting standard, we now have that on balance sheet, we have it quantified in accordance with the methodology that should be used consistently across the industry. So we just felt like it was a better indicator of what our true obligation was. So to be clear into your point, the old model if you want to use the 6 times rent expense, you're right, we'd be at 2.6. So we're still very close to our stated objective of 2.5, but we do think the new methodology is better because it's a true reflection of what that obligation is and you can clearly see that on our balance sheet.
Chris Bottiglieri -- Wolfe Research -- Analyst
Got you. Makes sense. And then, big picture question on the supply chain. AutoZone yesterday raised their mega hub strategy to 60 to 90 hubs. O'Reilly disclosed for the first time they secretly had 80 super hubs. A while back you guys had been experimenting with, I forgot if you call it super hubs or something to that effect. Just curious where you stand today on those and if you think your current distribution infrastructure is adequate to compete in today's evolving commercial landscape. Thank you.
Tom Greco -- President and Chief Executive Officer
Yeah, sure. First of all, I think honestly everybody defines these things a little bit differently. The way we look at it is we have 50 million square feet of buildings, and we're going to put the most optimal parts in the closest to the customer locations we can. And that's the exercise that we're going through. I mean, you think about, we have Carquest DC that has a lot of parts in it, it's only servicing the Blue network today. I think we're in a very different starting point than some of our industry peers. And we're looking at optimizing those assets and making sure that we're connecting basically the customer back work that we're doing, which is to really understand on the professional side job-by-job, what are the requirements for the parts that they need, which ones are acquire rapid delivery, which ones maybe there might be a more of a willingness to wait, if you will. So it's using all of our asset base and working back. I think, in that respect, we're taking the assets that we have and optimizing those, and there's plenty of room for us to improve the cost structure of the company as we do that.
Chris Bottiglieri -- Wolfe Research -- Analyst
Got it. Then just like one final follow up there. I think earlier in the call you had mentioned, looking to -- Bob was looking to -- or Reuben (ph) or other looking to standardize like the (ph) physical laying out the DCs. As I've understood, the Carquest DCs were a lot smaller in square foot print, much more of the nutritional legacy, call it like DIY DCs or how you want to frame those. So I want to get a sense for, to what extent you're able to standardize the entirety of the supply chain and how those two legacy infrastructures will complement each other? Thank you.
Tom Greco -- President and Chief Executive Officer
Yeah. Good question, Chris. I mean, I think the -- Reuben is really in execution mode on supply chain. I think you start with just improving basic execution, and we talked about running common. This is a very basic supply chain concept. But for a variety of reasons, mostly systems related, we weren't actually doing this. So, getting to a common platform, even though the building might be different in size and shape, you can get the common method throughout the building, right. That's a very important process for us.
I talked about the DC optimization quite logical. I think the other piece that we are working on is investing in a single warehouse management system to replace legacy systems within Advance and Carquest. And this will significantly improve, what we call, labor management standardization or LMS. So that's an important priority for us with Reuben. We believe we can get much more common in terms of the processes, you think about people, process, technology. People, making investments in the people that we have to make sure we've got the best people working in our DCs. We're reorganizing the processes that they have to make their jobs easier, and then we're supporting the technology. So that's really his agenda in that regard, and he is making a lot of progress. He is building a great team and we're excited about the prospects for supply chain not just in terms of cost optimization, but in terms of availability.
Chris Bottiglieri -- Wolfe Research -- Analyst
Yeah. Thanks for all the detail. Appreciate it.
Operator
Thank you. And our next question comes from Elizabeth Suzuki of Bank of America. Your line is now open.
Elizabeth Suzuki -- Bank of America Merrill Lynch -- Analyst
Hey, thank you. This may have been asked already, but just wanted to touch on it. Has there been any material impact on the business or the industry yet from the step up in tariffs and what have you guys seen in inflation in the last couple of quarters?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer
Yeah, sure. So, in terms of tariffs, this is something we've been analyzing for a while, both the tariff that already have taken place last year as well as the potential impact. And we feel like we've taken the necessary steps to mitigate it. But a couple of things, relative -- in relative terms, our industry has less exposure to tariffs than most other retail sectors. Obviously I can't speak for everyone in our industry, but for us, the categories that are impacted are less than 10% of our total direct imports. As it relates to indirect imports, it's a little more difficult, but we think it's in that same range about 10%, so a total of 20%. To-date, we've been able to pass on the impact of tariffs. Given the key categories that have been impacted to-date, we haven't seen a material change in unit performance, and that's going back to the tariffs that took place in 2018.
And then, we've taken several steps to mitigate the impact, including sourcing refinements and working collaboratively with our suppliers. And they are equally motivated to mitigate the impact of the tariff. We feel like we're positioned competitively as our industry peers are generally in the same position. We've managed through the first round. But without a doubt, the 25% of tariff for this round is a meaningful increase passed on to our customers. But the industry historically has been able to pass on these increases, particularly on the Pro side where the cost is embedded in the cost of the job. DIY, there's obviously a little more risk, but we feel like we've done everything we can to mitigate the impact, and we'll continue to monitor this very closely.
Elizabeth Suzuki -- Bank of America Merrill Lynch -- Analyst
Okay. And is there any impact from inflation to-date or in the last quarter that you can break out for us?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer
We've seen a little bit of inflation. Obviously labor rates, we continue to see there has been some cost increases, but it's been in line with our expectations. Kind of that 2% to 3% range is what we've been seeing, so nothing out of the ordinary, I would say.
Elizabeth Suzuki -- Bank of America Merrill Lynch -- Analyst
Okay. But in terms of the contribution of comp in the quarter, of that 2.7%, was there any SKU for SKU increase in price?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer
Yeah. I mean, we did take some pricing actions again to offset -- remember, we've got the tariffs that took place in the fourth quarter, so we had cost headwinds in the quarter, but that was more than offset by the pricing and some of our MCL efforts. But, yeah, we did have some price, but again nothing significant and obviously didn't have an impact on rate.
Elizabeth Suzuki -- Bank of America Merrill Lynch -- Analyst
Got it, OK. Thank you.
Operator
Thank you. And our next question comes from Michael Montani of Evercore ISI. Your line is now open.
Michael Montani -- Evercore ISI -- Analyst
Hey, good morning. Thanks for taking the questions. Just wanted to build on the last question a little bit. If you were to assume the next $300 billion plus of imported goods were to get tariffs, would that basically have the effect of doubling the 20% exposure that you all have had from Section 301 or how should we think about the potential exposure?
Tom Greco -- President and Chief Executive Officer
Yeah, it's Tom, Michael. No, I mean, when we look at it, we look at the whole -- all of the list, one, two, three, everything that's in there. And that's the number we gave. So -- and just a little more color when Jeff was talking about. I mean, we obviously have been tracking list one, list two, list three. So those things that have been impacted, we haven't seen a meaningful change in unit movement. Others have been around this industry a lot longer than I have, but they've said consistently, you've heard that we don't expect this to have an impact. We're very cognizant, 25% is a big number, but we haven't seen an impact to -date. So that's obviously something we have to monitor very closely.
Michael Montani -- Evercore ISI -- Analyst
Okay. And then, within the comps, so the 2.7 that you reported, can you give some incremental color around what the ticket did versus the traffic in the quarter and how that compares to trend?
Tom Greco -- President and Chief Executive Officer
Yeah. I mean, it depends on the business, of course. But consistent with previous quarters, we are seeing DIY retail continues to be challenged on traffic. And that's something that we're very focused on. We've launched a new advertising campaign. We're seeing improved awareness, top-of-mind aided awareness, unaided awareness, all improving. So we feel like we're making progress there. But unfortunately, Michael, that's still a negative number. And then obviously average ticket has been able to offset that, e-commerce is strong on both ends, professional stronger on both, but DIY retail transactions is the one that we remain concerned about. We measure e-commerce transactions, whether it's buy online, pick up and store or ship to home. So we put the transactions for DIY e-com inside the e-com number. So, the DIY retail transactions are pure -- somebody walking in the swinging doors.
Michael Montani -- Evercore ISI -- Analyst
Okay. And just the last one from me was around leverage point. So, given the investments of $80 million to $120 million, and there's obviously discrete offsets that you have in the cost structure as well. What kind of comps would you all need to kind of lever SG&A into the back half of the year? And maybe just bigger picture, you could give us an update on some of the gross cost savings opportunities over the years, there has been different years, $0.5 billion, $750 million plus, what kind of a bucket have you realized so far out of that and how much remains to go?
Tom Greco -- President and Chief Executive Officer
Sure. Well, I think, on the comps, I mean, we obviously constructed our plan to deliver on the guidance we provided. So, we gave a guide on sales, we gave a guide on margin expansion and embedded in that margin expansion obviously we're focused on making the investments that we feel we need to in order to drive the long-term growth of the company, which is in four big areas. And we've talked about that.
The opportunity that we have is substantial. I think we're quite unique in terms of our overall margin expansion opportunity. I mean, we're growing our sales and at the same time, we believe we can drive our margins significantly higher. And that's going to come from improved sales and profit per store, which is a big opportunity for us. Supply chain, which we've spoken about, improved category management of the different categories we have and then reduction in SG&A. When you put all that together, we believe we can close the gap we have with our industry peers pretty significantly over the next several years, and we're going to try and get to our stated goal of mid-teens as rapidly as we can. So that's kind of where it is. We've talked about 2019 and 2020 having some pretty big investments in order to set up our technology platforms to enable that longer-term outcome. At the same time, we're on track with those initiatives, and achieving the milestones we need to do to get there.
Michael Montani -- Evercore ISI -- Analyst
Thank you and good luck.
Tom Greco -- President and Chief Executive Officer
Thank you.
Operator
Thank you. And our next question comes from Daniel Imbro of Stephens Incorporated. Your line is now open.
Daniel Imbro -- Stephens Incorporated -- Analyst
Hey. Good morning and thanks for taking my questions, and thanks for all your color today. Tom, a bit of a follow-up actually on the last few questions. And in the prepared remarks, we've talked a lot about in-store technology as well as some DC technological investments you're making. Can you just help us think about a time frame. I think you just referenced a minute ago, but when we should begin to see some of those benefits showing up on the P&L, whether that's through higher sales numbers or through some cost efficiencies in the stores, so what kind of timeframe should we be thinking about before we start seeing the benefits there?
Tom Greco -- President and Chief Executive Officer
Yeah. Good question, Daniel. I mean, first of all, it varies widely unfortunately. I'll try and give you a bit of color. When you talk about the technology and e-commerce investments that we're making, it's by far the biggest part of the OpEx investments over half. We've really changed the investment profile of the company when we think about OpEx or CapEx. We use to invest primarily in new stores, and now we've shifted that investment profile to much more technology and e-commerce space. So, when you're talking about when will we see payback. Well, you talked about integration-related items, so getting to a single payroll system. Okay, getting to a single back-office system, getting to a single warehouse management system, all of those are in flight, we should start to realize the SG&A benefits associated with those starting next year and then mostly as we get into '21. Because you have to -- the problem here Daniel is, you have to keep the old system operating as you basically sunset -- sorry, as you stand up the new system. And in some cases, we're moving our platforms to the cloud, et cetera. So it's a little bit complicated there, but we have very high level of confidence that we can take the commensurate cost out at some point in time in the future.
In addition, we're making big bets in the e-commerce area. So there, you're starting to see more early returns. So, we're getting high growth there. We're getting more people to our website. We're driving more top line growth. That's an important part of our overall sales and profit per store input. So that's a bit of a different piece of it.
Finally, we're currently installing a next generation store network across the entire chain. And I can't tell you how excited our team members are about this. I mean, Sri Donthi, who is our Chief Technology Officer, has rolled this out. We're going in store by store and replacing a very slow legacy system with a much more rapid, much more connected, much more modern point-of-sale system catalog and phone, and it's having great success out of the gate. We've done several hundred stores already. We plan to complete that project this year. I would expect that to start realizing benefits now in the current stores. Obviously -- until we get to 4,000 plus, we will get the full benefit, but next year, we'll get the full benefit of that. So, it depends on what you're talking about in terms of these technology platforms. But the idea is to really differentiate ourselves versus our competition with our online experience, be that in Professional or in DIY, to make the job easier for our team members in the stores or distribution centers, and of course to integrate the company, which is long overdue and something that we're very focused on.
Daniel Imbro -- Stephens Incorporated -- Analyst
Got it. That's helpful. Thanks. And then a quick follow-up Jeff. Just on capital allocation, under the new leverage you noted kind of a multi-year low. But looking at the cash flow statement, I don't think you guys repurchased any shares since the 4Q report. So I was just wondering if you could update us on your thinking about capital allocation from here as you invest in all these technological and different opportunities, but free cash flow should be improving from here. So, any update on that front?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer
Yes, sure. And just as a reminder, our capital allocation priorities as we want to maintain our investment grade rating, reinvest in the business and then return excess cash to our shareholders. Couple of things just on the cash return front, we did two things this quarter. First, we did repurchase $127 million worth of stock in the first quarter. We don't have anything else planned right now for the rest of the year, but we continue to look at that, that's obviously very fluid and we will be opportunistic with that. But there is currently no plans right now. We did buyback debt in the first quarter. So that was another $300 million of debt that we retired early which would come due next year. And we're very much on track with our investments that we've been talking about and we feel confident that we're going to be well within the range of the guidance that we provided last quarter. So we feel like we're doing all of the things that are consistent with our capital allocation priorities, and we're very much on track with everything that we've indicated.
Daniel Imbro -- Stephens Incorporated -- Analyst
Thanks so much, guys.
Operator
Thank you. And ladies and gentlemen, this does conclude our question-and-answer session. I would now like to turn the call back over to Tom Greco for any closing remarks.
Tom Greco -- President and Chief Executive Officer
Well, thanks to all of you for joining us this morning. A couple of quick comments in closing. My team and I look forward to kicking off our second annual American Heart Association fundraising campaign throughout the stores next week. And the AHA, as many of you know, is an organization that's extremely important to all of us. And well, I'm proud of the fundraising accomplishments we had last year. We're looking forward to exceeding our campaign goals this year. So look forward in our stores, heart diseases, the number one killer of Americans, and all of us at Advance are committed to help change that statistic.
And before I conclude, I want to take a moment to express our sincere gratitude to all our nation's heroes who have served, especially those men and women we honor this Memorial Day weekend who paid the ultimate sacrifice for our country. I wish you all a safe, healthy and happy holiday weekend, and we look forward to discussing our second quarter results with you in August.
Operator
Ladies and gentlemen, thank you for participating in today's conference. This concludes today's program. You may all disconnect. Everyone have a great day.
Duration: 66 minutes
Call participants:
Elisabeth Eisleben -- Vice President, Investor Relations
Tom Greco -- President and Chief Executive Officer
Jeff Shepherd -- Executive Vice President, Chief Financial Officer
Michael Lasser -- UBS -- Analyst
Chris Horvers -- JPMorgan -- Analyst
Bret Jordan -- Jefferies -- Analyst
Mike Baker -- Deutsche Bank -- Analyst
Seth Basham -- Wedbush Securities -- Analyst
Simeon Gutman -- Morgan Stanley -- Analyst
Scot Ciccarelli -- RBC Capital Markets -- Analyst
Chris Bottiglieri -- Wolfe Research -- Analyst
Elizabeth Suzuki -- Bank of America Merrill Lynch -- Analyst
Michael Montani -- Evercore ISI -- Analyst
Daniel Imbro -- Stephens Incorporated -- Analyst
More AAP analysis
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Advance Auto Parts Inc (NYSE: AAP) Q1 2019 Earnings Call May 22, 2019, 8:00 a.m. Additionally, our comments today include certain non-GAAP financial measures. Please refer to our quarterly press release and accompanying financial statements issued today for additional details regarding the forward-looking statements and reconciliations of these non-GAAP financial measures to the most comparable GAAP measures referenced in today's call.
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Duration: 66 minutes Call participants: Elisabeth Eisleben -- Vice President, Investor Relations Tom Greco -- President and Chief Executive Officer Jeff Shepherd -- Executive Vice President, Chief Financial Officer Michael Lasser -- UBS -- Analyst Chris Horvers -- JPMorgan -- Analyst Bret Jordan -- Jefferies -- Analyst Mike Baker -- Deutsche Bank -- Analyst Seth Basham -- Wedbush Securities -- Analyst Simeon Gutman -- Morgan Stanley -- Analyst Scot Ciccarelli -- RBC Capital Markets -- Analyst Chris Bottiglieri -- Wolfe Research -- Analyst Elizabeth Suzuki -- Bank of America Merrill Lynch -- Analyst Michael Montani -- Evercore ISI -- Analyst Daniel Imbro -- Stephens Incorporated -- Analyst More AAP analysis All earnings call transcripts 10 stocks we like better than Advance Auto Parts When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Advance Auto Parts Inc (NYSE: AAP) Q1 2019 Earnings Call May 22, 2019, 8:00 a.m. Additionally, our comments today include certain non-GAAP financial measures.
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Duration: 66 minutes Call participants: Elisabeth Eisleben -- Vice President, Investor Relations Tom Greco -- President and Chief Executive Officer Jeff Shepherd -- Executive Vice President, Chief Financial Officer Michael Lasser -- UBS -- Analyst Chris Horvers -- JPMorgan -- Analyst Bret Jordan -- Jefferies -- Analyst Mike Baker -- Deutsche Bank -- Analyst Seth Basham -- Wedbush Securities -- Analyst Simeon Gutman -- Morgan Stanley -- Analyst Scot Ciccarelli -- RBC Capital Markets -- Analyst Chris Bottiglieri -- Wolfe Research -- Analyst Elizabeth Suzuki -- Bank of America Merrill Lynch -- Analyst Michael Montani -- Evercore ISI -- Analyst Daniel Imbro -- Stephens Incorporated -- Analyst More AAP analysis All earnings call transcripts 10 stocks we like better than Advance Auto Parts When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Advance Auto Parts Inc (NYSE: AAP) Q1 2019 Earnings Call May 22, 2019, 8:00 a.m. Additionally, our comments today include certain non-GAAP financial measures.
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Duration: 66 minutes Call participants: Elisabeth Eisleben -- Vice President, Investor Relations Tom Greco -- President and Chief Executive Officer Jeff Shepherd -- Executive Vice President, Chief Financial Officer Michael Lasser -- UBS -- Analyst Chris Horvers -- JPMorgan -- Analyst Bret Jordan -- Jefferies -- Analyst Mike Baker -- Deutsche Bank -- Analyst Seth Basham -- Wedbush Securities -- Analyst Simeon Gutman -- Morgan Stanley -- Analyst Scot Ciccarelli -- RBC Capital Markets -- Analyst Chris Bottiglieri -- Wolfe Research -- Analyst Elizabeth Suzuki -- Bank of America Merrill Lynch -- Analyst Michael Montani -- Evercore ISI -- Analyst Daniel Imbro -- Stephens Incorporated -- Analyst More AAP analysis All earnings call transcripts 10 stocks we like better than Advance Auto Parts When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Advance Auto Parts Inc (NYSE: AAP) Q1 2019 Earnings Call May 22, 2019, 8:00 a.m. Additionally, our comments today include certain non-GAAP financial measures.
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11213.0
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2019-05-22 00:00:00 UTC
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Advance Auto Parts Earnings: AAP Stock Revs Up on Q1 Beat
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https://www.nasdaq.com/articles/advance-auto-parts-earnings%3A-aap-stock-revs-q1-beat-2019-05-22
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Advance Auto Parts earnings for the first quarter of 2019 have AAP stock up on Wednesday.
Source: Shutterstock
Advance Auto Parts (NYSE:) starts off its earnings report for the first quarter of the year with earnings per share of $2.46. This is better than the company’s earnings per share of $2.10 from the same time last year. It was also a boon to AAP stock by speeding past Wall Street’s earnings per share estimate of $2.36 for the quarter.
Net income reported in the Advance Auto Parts earnings release for the first quarter of 2019 comes in at $142.50 million. That’s up from the company’s net income of $136.73 million reported in the first quarter of 2018.
The Advance Auto Parts earnings report for the first quarter of the year also includes operating income of $207.94 million. This is an increase over the auto parts retailer’s operating income of $198.24 million reported in the same period of the year prior.
Advance Auto Parts earnings for the first quarter of 2019 have revenue coming in at . This is an improvement over the company’s revenue of $2.87 billion reported in the first quarter of the previous year. It was also good news for AAP stock by matching analysts’ revenue estimate for the period.
The most recent Advance Auto Parts earnings report also includes its guidance for the full year of 2019. The company expects revenue to range from $9.65 billion to $9.80 billion. Wall Street is estimating revenue of $8.14 billion for the year.
AAP stock was up 3% as of Wednesday afternoon.
As of this writing, William White did not hold a position in any of the aforementioned securities.
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts earnings for the first quarter of 2019 have AAP stock up on Wednesday. It was also a boon to AAP stock by speeding past Wall Street’s earnings per share estimate of $2.36 for the quarter. It was also good news for AAP stock by matching analysts’ revenue estimate for the period.
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Advance Auto Parts earnings for the first quarter of 2019 have AAP stock up on Wednesday. It was also a boon to AAP stock by speeding past Wall Street’s earnings per share estimate of $2.36 for the quarter. It was also good news for AAP stock by matching analysts’ revenue estimate for the period.
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Advance Auto Parts earnings for the first quarter of 2019 have AAP stock up on Wednesday. It was also a boon to AAP stock by speeding past Wall Street’s earnings per share estimate of $2.36 for the quarter. It was also good news for AAP stock by matching analysts’ revenue estimate for the period.
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Advance Auto Parts earnings for the first quarter of 2019 have AAP stock up on Wednesday. It was also a boon to AAP stock by speeding past Wall Street’s earnings per share estimate of $2.36 for the quarter. It was also good news for AAP stock by matching analysts’ revenue estimate for the period.
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11214.0
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2019-05-22 00:00:00 UTC
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Advance Auto Parts (AAP) Shares Cross Above 200 DMA
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-shares-cross-above-200-dma-2019-05-22
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In trading on Wednesday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed above their 200 day moving average of $164.48, changing hands as high as $170.99 per share. Advance Auto Parts Inc shares are currently trading up about 3.6% on the day. The chart below shows the one year performance of AAP shares, versus its 200 day moving average:
Looking at the chart above, AAP's low point in its 52 week range is $115.63 per share, with $186.15 as the 52 week high point — that compares with a last trade of $168.01.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed above their 200 day moving average of $164.48, changing hands as high as $170.99 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $115.63 per share, with $186.15 as the 52 week high point — that compares with a last trade of $168.01. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed above their 200 day moving average of $164.48, changing hands as high as $170.99 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $115.63 per share, with $186.15 as the 52 week high point — that compares with a last trade of $168.01. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed above their 200 day moving average of $164.48, changing hands as high as $170.99 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $115.63 per share, with $186.15 as the 52 week high point — that compares with a last trade of $168.01. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed above their 200 day moving average of $164.48, changing hands as high as $170.99 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $115.63 per share, with $186.15 as the 52 week high point — that compares with a last trade of $168.01. Advance Auto Parts Inc shares are currently trading up about 3.6% on the day.
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11215.0
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2019-05-22 00:00:00 UTC
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Advance Auto Parts Maintains FY19 Outlook - Quick Facts
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-maintains-fy19-outlook-quick-facts-2019-05-22
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(RTTNews) - While reporting financial results for the first quarter on Wednesday, Advance Auto Parts Inc. (AAP) maintained its sales and comparable store sales guidance for the full-year 2019.
For fiscal 2019, the company continues to project full year net sales in a range of $9.65 billion to $9.80 billion and comparable store sales increase in the range of 1.0 to 2.5 percent.
On average, analysts polled by Thomson Reuters expect the company to report sales of $9.78 billion for fiscal year 2019. Analysts' estimates typically exclude special items.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - While reporting financial results for the first quarter on Wednesday, Advance Auto Parts Inc. (AAP) maintained its sales and comparable store sales guidance for the full-year 2019. For fiscal 2019, the company continues to project full year net sales in a range of $9.65 billion to $9.80 billion and comparable store sales increase in the range of 1.0 to 2.5 percent. On average, analysts polled by Thomson Reuters expect the company to report sales of $9.78 billion for fiscal year 2019.
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(RTTNews) - While reporting financial results for the first quarter on Wednesday, Advance Auto Parts Inc. (AAP) maintained its sales and comparable store sales guidance for the full-year 2019. For fiscal 2019, the company continues to project full year net sales in a range of $9.65 billion to $9.80 billion and comparable store sales increase in the range of 1.0 to 2.5 percent. On average, analysts polled by Thomson Reuters expect the company to report sales of $9.78 billion for fiscal year 2019.
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(RTTNews) - While reporting financial results for the first quarter on Wednesday, Advance Auto Parts Inc. (AAP) maintained its sales and comparable store sales guidance for the full-year 2019. For fiscal 2019, the company continues to project full year net sales in a range of $9.65 billion to $9.80 billion and comparable store sales increase in the range of 1.0 to 2.5 percent. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - While reporting financial results for the first quarter on Wednesday, Advance Auto Parts Inc. (AAP) maintained its sales and comparable store sales guidance for the full-year 2019. For fiscal 2019, the company continues to project full year net sales in a range of $9.65 billion to $9.80 billion and comparable store sales increase in the range of 1.0 to 2.5 percent. On average, analysts polled by Thomson Reuters expect the company to report sales of $9.78 billion for fiscal year 2019.
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11216.0
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2019-05-16 00:00:00 UTC
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Notable Thursday Option Activity: AAP, QRVO, HES
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AAP
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-aap-qrvo-hes-2019-05-16
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nan
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Advance Auto Parts Inc (Symbol: AAP), where a total volume of 4,504 contracts has been traded thus far today, a contract volume which is representative of approximately 450,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.6% of AAP's average daily trading volume over the past month, of 946,380 shares. Especially high volume was seen for the $160 strike put option expiring May 17, 2019, with 2,459 contracts trading so far today, representing approximately 245,900 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $160 strike highlighted in orange:
Qorvo Inc (Symbol: QRVO) saw options trading volume of 7,575 contracts, representing approximately 757,500 underlying shares or approximately 45.9% of QRVO's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $70 strike put option expiring January 17, 2020, with 821 contracts trading so far today, representing approximately 82,100 underlying shares of QRVO. Below is a chart showing QRVO's trailing twelve month trading history, with the $70 strike highlighted in orange:
And Hess Corp (Symbol: HES) saw options trading volume of 15,308 contracts, representing approximately 1.5 million underlying shares or approximately 45.2% of HES's average daily trading volume over the past month, of 3.4 million shares. Especially high volume was seen for the $65 strike put option expiring July 19, 2019, with 2,821 contracts trading so far today, representing approximately 282,100 underlying shares of HES. Below is a chart showing HES's trailing twelve month trading history, with the $65 strike highlighted in orange:
For the various different available expirations for AAP options, QRVO options, or HES options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $160 strike put option expiring May 17, 2019, with 2,459 contracts trading so far today, representing approximately 245,900 underlying shares of AAP. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Advance Auto Parts Inc (Symbol: AAP), where a total volume of 4,504 contracts has been traded thus far today, a contract volume which is representative of approximately 450,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.6% of AAP's average daily trading volume over the past month, of 946,380 shares.
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Below is a chart showing AAP's trailing twelve month trading history, with the $160 strike highlighted in orange: Qorvo Inc (Symbol: QRVO) saw options trading volume of 7,575 contracts, representing approximately 757,500 underlying shares or approximately 45.9% of QRVO's average daily trading volume over the past month, of 1.7 million shares. Below is a chart showing HES's trailing twelve month trading history, with the $65 strike highlighted in orange: For the various different available expirations for AAP options, QRVO options, or HES options, visit StockOptionsChannel.com. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Advance Auto Parts Inc (Symbol: AAP), where a total volume of 4,504 contracts has been traded thus far today, a contract volume which is representative of approximately 450,400 underlying shares (given that every 1 contract represents 100 underlying shares).
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Advance Auto Parts Inc (Symbol: AAP), where a total volume of 4,504 contracts has been traded thus far today, a contract volume which is representative of approximately 450,400 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing AAP's trailing twelve month trading history, with the $160 strike highlighted in orange: Qorvo Inc (Symbol: QRVO) saw options trading volume of 7,575 contracts, representing approximately 757,500 underlying shares or approximately 45.9% of QRVO's average daily trading volume over the past month, of 1.7 million shares. That number works out to 47.6% of AAP's average daily trading volume over the past month, of 946,380 shares.
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Especially high volume was seen for the $160 strike put option expiring May 17, 2019, with 2,459 contracts trading so far today, representing approximately 245,900 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $160 strike highlighted in orange: Qorvo Inc (Symbol: QRVO) saw options trading volume of 7,575 contracts, representing approximately 757,500 underlying shares or approximately 45.9% of QRVO's average daily trading volume over the past month, of 1.7 million shares. Below is a chart showing HES's trailing twelve month trading history, with the $65 strike highlighted in orange: For the various different available expirations for AAP options, QRVO options, or HES options, visit StockOptionsChannel.com.
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11217.0
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2019-04-23 00:00:00 UTC
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Agree To Buy Advance Auto Parts At $140, Earn 7.3% Using Options
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AAP
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https://www.nasdaq.com/articles/agree-buy-advance-auto-parts-140-earn-73-using-options-2019-04-23
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nan
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nan
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but cautious about paying the going market price of $172.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $140 strike, which has a bid at the time of this writing of $10.20. Collecting that bid as the premium represents a 7.3% return against the $140 commitment, or a 4.2% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $140 strike if doing so produced a better outcome than selling at the going market price. (Do options carry counterparty risk? This and six other common options myths debunked). So unless Advance Auto Parts Inc sees its shares fall 18.6% and the contract is exercised (resulting in a cost basis of $129.80 per share before broker commissions, subtracting the $10.20 from $140), the only upside to the put seller is from collecting that premium for the 4.2% annualized rate of return.
Interestingly, that annualized 4.2% figure actually exceeds the 0.1% annualized dividend paid by Advance Auto Parts Inc by 4.1%, based on the current share price of $172.38. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 18.55% to reach the $140 strike price.
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $140 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2021 put at the $140 strike for the 4.2% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Advance Auto Parts Inc (considering the last 251 trading day closing values as well as today's price of $172.38) to be 29%. For other put options contract ideas at the various different available expirations, visit the AAP Stock Options page of StockOptionsChannel.com.
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but cautious about paying the going market price of $172.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield.
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Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but cautious about paying the going market price of $172.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield.
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In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield. Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but cautious about paying the going market price of $172.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
|
Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but cautious about paying the going market price of $172.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. For other put options contract ideas at the various different available expirations, visit the AAP Stock Options page of StockOptionsChannel.com. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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11218.0
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2019-04-10 00:00:00 UTC
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A Shift to Subscriptions Is Revitalizing Franklin Covey's Prospects
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AAP
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https://www.nasdaq.com/articles/shift-subscriptions-revitalizing-franklin-coveys-prospects-2019-04-10-0
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nan
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nan
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Franklin Covey (NYSE: FC) edged closer to profitable operations in the second quarter of fiscal 2019 as a business model shift now in its third year continues to strengthen the company's financial position. Offering organizational consulting services and products to multiple teams via enterprise-wide subscriptions is generating steadily higher sales and decreased losses against the company's former piecemeal sales model.
Below, let's delve into the results released on April 4. Note that all comparative numbers in the discussion that follows are presented against the prior-year quarter.
Franklin Covey: The raw numbers
Data source: Franklin Covey. YOY = year over year.
What happened this quarter?
Sales of the "All Access Pass" (AAP) in Franklin Covey's enterprise division rose 33%, helping to push enterprise sales up 8% to $33.9 million. AAP subscribers jumped 29% against the comparable quarter.
Management cited domestic and international direct office revenue, as well as increased government business, as factors in the improved enterprise top line. In addition, the company acquired one of its licensees serving Germany, Switzerland, and Austria during the quarter, which added $0.5 million to the division's quarterly sales.
Sales in the organization's second major segment, education, also improved by 8%, to $9.7 million.
Deferred revenue dipped nearly 13% to $45.2 million. However, deferred revenue in the fast-growing subscription business increased by 23% to $39.6 million.
Unbilled deferred subscription revenue (revenue that has been contracted but not yet billed, and thus does not appear on the balance sheet) jumped 61% to $25 million.
Gross margin slipped just 10 basis points to 70.2%. The company largely kept selling, general, and administrative expenses (SG&A) even with the prior year, leading to operating leverage: An operating loss of $3.5 million represented an improvement over the $5.8 million operating loss recorded in the second fiscal quarter of 2018.
However, the difference in ne t earnings between periods shown in the table above is due to a $3 million tax benefit the company recorded in the prior-year quarter due to U.S. tax legislation, against income tax expense of $410,000 in the current quarter.
Reduced operating losses in the current year are translating into improved cash flow. In the first two quarters of fiscal 2019, Franklin Covey generated $13.4 million in operating cash, versus $9.4 million in the comparable prior-year period.
Franklin Covey intends to further capitalize on the effectiveness of its subscription model. The company plans to increase its sales force by one-third over the next three years, adding 20 new sales "client partners" this year to its base of 230, and 55 new partners between fiscal 2020 and 2021.
What management had to say
CEO Bob Whitman focused on the multiple beneficial effects of the subscription model shift on Franklin Covey's ongoing financial results in the company's earnings press release:
Looking forward
Franklin Covey left its current fiscal 2019 guidance unchanged. Management still expects adjusted EBITDA to land between $18 million and $22 million this year, against full-year adjusted earnings of $11.9 million in fiscal 2018. After two business quarters, the company has generated $4.1 million in adjusted EBITDA, so management expects fairly healthy earnings in the back half of the year.
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Asit Sharma has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sales of the "All Access Pass" (AAP) in Franklin Covey's enterprise division rose 33%, helping to push enterprise sales up 8% to $33.9 million. AAP subscribers jumped 29% against the comparable quarter. Franklin Covey (NYSE: FC) edged closer to profitable operations in the second quarter of fiscal 2019 as a business model shift now in its third year continues to strengthen the company's financial position.
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Sales of the "All Access Pass" (AAP) in Franklin Covey's enterprise division rose 33%, helping to push enterprise sales up 8% to $33.9 million. AAP subscribers jumped 29% against the comparable quarter. However, the difference in ne t earnings between periods shown in the table above is due to a $3 million tax benefit the company recorded in the prior-year quarter due to U.S. tax legislation, against income tax expense of $410,000 in the current quarter.
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Sales of the "All Access Pass" (AAP) in Franklin Covey's enterprise division rose 33%, helping to push enterprise sales up 8% to $33.9 million. AAP subscribers jumped 29% against the comparable quarter. The company largely kept selling, general, and administrative expenses (SG&A) even with the prior year, leading to operating leverage: An operating loss of $3.5 million represented an improvement over the $5.8 million operating loss recorded in the second fiscal quarter of 2018.
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Sales of the "All Access Pass" (AAP) in Franklin Covey's enterprise division rose 33%, helping to push enterprise sales up 8% to $33.9 million. AAP subscribers jumped 29% against the comparable quarter. Franklin Covey: The raw numbers Data source: Franklin Covey.
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11219.0
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2019-04-04 00:00:00 UTC
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Potential for Improvement Seems Already Priced Into Dollar Tree Stock
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AAP
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https://www.nasdaq.com/articles/potential-improvement-seems-already-priced-dollar-tree-stock-2019-04-04
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nan
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nan
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There are reasons for investors to be optimistic about Dollar Tree (NASDAQ:). While the company’s 2015 purchase of Family Dollar hasn’t quite worked out as expected, new plans to fix that unit, and new initiatives in the legacy business, suggest potential upside in DLTR stock.
The catch is that Dollar Tree stock seems already have priced in at least some of that success. Initial FY2020 (ending January 2021) EPS guidance suggests about a 17x forward EPS multiple. That’s in line with rival Dollar General (NYSE:) — but that guidance assumes results are going to get better starting in the second half of this year.
I’ve to DLTR stock, and at similar valuations, that’s still the case. Dollar General is a better operator. Dollar Tree still needs to get to that point — and even if it does, it doesn’t look any cheaper. As as result, I’d like to see Dollar Tree stock a lot cheaper before turning bullish.
Improvement On the Way for DLTR Stock
Dollar Tree clearly overpaid for Family Dollar. Plans to accelerate same-store sales growth at the chain haven’t quite worked out. Same-store sales for the Family Dollar banner rose just 0.1% in fiscal 2018, after a 0.4% increase the year before. In contrast, Dollar Tree stores grew comps 3.5% in FY17 and 3.3% last year.
Further highlighting the problems, Dollar Tree took a non-cash $2.7 billion goodwill impairment change on the Family Dollar acquisition in Q4. And it’s , assuming it can’t squeeze rent reductions from landlords. Another 200 stores are being rebranded as Dollar Tree locations.
In hindsight, the failed acquisition is bad news. But looking forward, the struggles at Family Dollar represent an opportunity. Any improvement in the chain — or benefits from the rebranding — can accelerate growth and boost Dollar Tree’s overall prospects.
The store closures should help margins. Existing stores are being moved to a new model, known internally as H2. Under the new model, merchandise offerings are improved, including $1 Dollar Tree-branded merchandising. Early tests have been hugely successful, per the Q4 release. The addition of alcohol sales and expanded freezers should help as well. Management expects a 1.5-point boost to comp store sales once the initiatives are fully in place. That’s a big number for a chain that has barely grown same-store sales at all of late.
Earnings Growth Should Help Dollar Tree Stock
It will take some time for the efforts to bear fruit. Management actually is guiding for operating income to decline year-over-year in the first half before an improvement in the second half. Full-year adjusted EPS is expected to slip, in part due to a higher tax rate.
But in fiscal 2020, Dollar Tree expects earnings growth to accelerate markedly, with initial guidance for a 14-18% EPS increase. That suggests something in the range of $6.20 per share — and a roughly 17x forward P/E multiple for DLTR stock.
Against mid-teens earnings per share growth, that figure seems cheap. And there are potentially levers to pull beyond remodeling and rebranding Family Dollar stores. Management is testing price points beyond the $1 figure, a suggestion made by . Starboard has had some big wins in recent years — among them Advance Auto Parts (NYSE:) and Olive Garden owner Darden Restaurants (NYSE:) — and DLTR could benefit from its expertise in targeting consumers.
Family Dollar’s multi-year disappointment suggests a revitalized business could have years of growth ahead of it. And Dollar Tree has managed to do well despite strength at Walmart (NYSE:), which hasn’t always been the case.
There is good news here along with room for more good news. In that context, the 17x forward EPS multiple for DLTR stock might look cheap.
Is DG Still The Better Play?
That said, Dollar General stock trades at a roughly similar forward multiple. And it’s worth noting that there’s quite a bit of uncertainty to Dollar Tree’s FY20 guidance. The company is projecting a big uptick in comps from the H2 model and other initiatives. That uptick isn’t guaranteed – and neither is the 14-18% growth management sees coming next year.
In contrast, DG investors can pay roughly the same multiple for steadier, and probably more certain, performance, with a two-year growth rate that actually looks a bit stronger.
Admittedly, investor preferences might be different among the two stocks. Dollar Tree stock, given Starboard’s presence and the efforts at Family Dollar, likely has more upside in the best-case scenario. It also has higher risk.
From here, DG is the steadier, safer, and better bet. But others might see it differently – and Dollar Tree has enough options to prove me, and other DLTR stock skeptics, wrong.
As of this writing, Vince Martin has no positions in any securities mentioned.
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the company’s 2015 purchase of Family Dollar hasn’t quite worked out as expected, new plans to fix that unit, and new initiatives in the legacy business, suggest potential upside in DLTR stock. But in fiscal 2020, Dollar Tree expects earnings growth to accelerate markedly, with initial guidance for a 14-18% EPS increase. In contrast, DG investors can pay roughly the same multiple for steadier, and probably more certain, performance, with a two-year growth rate that actually looks a bit stronger.
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Any improvement in the chain — or benefits from the rebranding — can accelerate growth and boost Dollar Tree’s overall prospects. But in fiscal 2020, Dollar Tree expects earnings growth to accelerate markedly, with initial guidance for a 14-18% EPS increase. That said, Dollar General stock trades at a roughly similar forward multiple.
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Improvement On the Way for DLTR Stock Dollar Tree clearly overpaid for Family Dollar. Further highlighting the problems, Dollar Tree took a non-cash $2.7 billion goodwill impairment change on the Family Dollar acquisition in Q4. Dollar Tree stock, given Starboard’s presence and the efforts at Family Dollar, likely has more upside in the best-case scenario.
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That’s in line with rival Dollar General (NYSE:) — but that guidance assumes results are going to get better starting in the second half of this year. Improvement On the Way for DLTR Stock Dollar Tree clearly overpaid for Family Dollar. In contrast, DG investors can pay roughly the same multiple for steadier, and probably more certain, performance, with a two-year growth rate that actually looks a bit stronger.
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11220.0
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2019-03-21 00:00:00 UTC
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Why Is Advance Auto Parts (AAP) Down 1.1% Since Last Earnings Report?
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AAP
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https://www.nasdaq.com/articles/why-is-advance-auto-parts-aap-down-1.1-since-last-earnings-report-2019-03-21
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nan
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nan
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A month has gone by since the las t earnings report for Advance Auto Parts (AAP). Shares have lost about 1.1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Advance Auto Parts due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recen t earnings report in order to get a better handle on the important catalysts.
Advance Auto Parts Q4 Earnings Beat Estimates, Up Y/Y
Advance Auto Parts reported adjusted earnings of $1.17 per share in fourth-quarter 2018 (ended Dec 29, 2018), up from 77 cents in the prior-year quarter. The figure surpassed the Zacks Consensus Estimate of $1.14. Adjusted operating income increased 11.7% year over year to $127.1 million.
Advance Auto Parts reported net revenues of $2.1 billion, almost in line with the Zacks Consensus Estimate. Revenues were 3.3% higher than the year-ago quarter. During the quarter under review, comparable store sales were 3.4% higher year over year.
Gross profit was $928.6 million in the reported quarter, higher than the prior-year quarter figure of $873.6 million. Gross Profit margin increased 120 basis points year over year to 44.1%.
Adjusted selling, general and administrative (SG&A) expenses totaled $802.4 million compared with $759.9 million in the year-ago period.
2018 Results
For 2018, Advance Auto Parts reported adjusted earnings per share of $7.13, up from the 2017 figure of $5.37.
For 2018, revenues were $9.6 billion, up from the 2017 figure of $9.4 billion.
Financial Position
Advance Auto Parts had cash and cash equivalents of $896.5 million as of Dec 29, 2018, up from $546.9 million as of Dec 30, 2017. The total long-term debt was $1.05 billion as of Dec 29, 2018, higher than $1.04 billion as of Dec 30, 2017.
In fourth-quarter 2018, operating cash flow was $811 million, up 35% year over year.
Dividend & Share Repurchase
On Feb 11, 2019, Advance Auto Parts' board approved a cash dividend of 6 cents per share to be paid as of Apr 5, 2019, for shareholders of record as of Mar 22, 2019.
On Aug 8, 2018, the board of directors authorized a $600-million share repurchase program, replacing the existing $500-million share repurchase program. Under this program, the company repurchased 1.7 million shares for $272.8 million in 2018. Subsequently, it also bought back 0.8 million common shares for $172.2 million. Presently, Advance Auto Parts has $200 million remaining under the share repurchase program.
Store Update
As of Dec 29, 2018, Advance Auto Parts operated 4,966 stores and 143 Worldpac branches, and served approximately 1,231 independently-owned Carquest stores.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
VGM Scores
At this time, Advance Auto Parts has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Notably, Advance Auto Parts has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A month has gone by since the las t earnings report for Advance Auto Parts (AAP). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Will the recent negative trend continue leading up to its next earnings release, or is Advance Auto Parts due for a breakout?
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. A month has gone by since the las t earnings report for Advance Auto Parts (AAP). Advance Auto Parts Q4 Earnings Beat Estimates, Up Y/Y Advance Auto Parts reported adjusted earnings of $1.17 per share in fourth-quarter 2018 (ended Dec 29, 2018), up from 77 cents in the prior-year quarter.
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A month has gone by since the las t earnings report for Advance Auto Parts (AAP). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Q4 Earnings Beat Estimates, Up Y/Y Advance Auto Parts reported adjusted earnings of $1.17 per share in fourth-quarter 2018 (ended Dec 29, 2018), up from 77 cents in the prior-year quarter.
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A month has gone by since the las t earnings report for Advance Auto Parts (AAP). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Q4 Earnings Beat Estimates, Up Y/Y Advance Auto Parts reported adjusted earnings of $1.17 per share in fourth-quarter 2018 (ended Dec 29, 2018), up from 77 cents in the prior-year quarter.
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11221.0
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2019-03-20 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for March 21, 2019
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-march-21-2019-2019-03-20
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nan
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nan
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on March 21, 2019. A cash dividend payment of $0.06 per share is scheduled to be paid on April 05, 2019. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 23rd quarter that AAP has paid the same dividend.
The previous trading day's last sale of AAP was $163.42, representing a -12.21% decrease from the 52 week high of $186.15 and a 59.98% increase over the 52 week low of $102.15.
AAP is a part of the Consumer Services sector, which includes companies such as JD.com, Inc. ( JD ) and O'Reilly Automotive, Inc. ( ORLY ). AAP's current earnings per share, an indicator of a company's profitability, is $5.73. Zacks Investment Research reports AAP's forecasted earnings growth in 2019 as 13.86%, compared to an industry average of 7.1%.
For more information on the declaration, record and payment dates, visit the AAP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAP as a top-10 holding:
Invesco S&P 500 Equal Weight Consumer Discretionary ETF ( RCD )
SPDR S&P Retail ETF ( XRT )
Direxion All Cap Insider Sentiment Shares ( KNOW )
AGFiQ U.S. Market Neutral Momentum Fund ( MOM ).
The top-performing ETF of this group is RCD with an increase of 5.88% over the last 100 days. It also has the highest percent weighting of AAP at 1.66%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. AAP is a part of the Consumer Services sector, which includes companies such as JD.com, Inc. ( JD ) and O'Reilly Automotive, Inc. ( ORLY ). Zacks Investment Research reports AAP's forecasted earnings growth in 2019 as 13.86%, compared to an industry average of 7.1%.
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The following ETF(s) have AAP as a top-10 holding: Invesco S&P 500 Equal Weight Consumer Discretionary ETF ( RCD ) SPDR S&P Retail ETF ( XRT ) Direxion All Cap Insider Sentiment Shares ( KNOW ) AGFiQ U.S. Market Neutral Momentum Fund ( MOM ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on March 21, 2019.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAP Dividend History page. The following ETF(s) have AAP as a top-10 holding: Invesco S&P 500 Equal Weight Consumer Discretionary ETF ( RCD ) SPDR S&P Retail ETF ( XRT ) Direxion All Cap Insider Sentiment Shares ( KNOW ) AGFiQ U.S. Market Neutral Momentum Fund ( MOM ).
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have AAP as a top-10 holding: Invesco S&P 500 Equal Weight Consumer Discretionary ETF ( RCD ) SPDR S&P Retail ETF ( XRT ) Direxion All Cap Insider Sentiment Shares ( KNOW ) AGFiQ U.S. Market Neutral Momentum Fund ( MOM ). Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on March 21, 2019.
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11222.0
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2019-03-19 00:00:00 UTC
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Ex-Dividend Reminder: Big Lots, KAR Auction Services and Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/ex-dividend-reminder-big-lots-kar-auction-services-and-advance-auto-parts-2019-03-19
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel , on 3/21/19, Big Lots, Inc. (Symbol: BIG), KAR Auction Services Inc. (Symbol: KAR), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Big Lots, Inc. will pay its quarterly dividend of $0.30 on 4/5/19, KAR Auction Services Inc. will pay its quarterly dividend of $0.35 on 4/4/19, and Advance Auto Parts Inc will pay its quarterly dividend of $0.06 on 4/5/19. As a percentage of BIG's recent stock price of $34.49, this dividend works out to approximately 0.87%, so look for shares of Big Lots, Inc. to trade 0.87% lower - all else being equal - when BIG shares open for trading on 3/21/19. Similarly, investors should look for KAR to open 0.72% lower in price and for AAP to open 0.04% lower, all else being equal.
Below are dividend history charts for BIG, KAR, and AAP, showing historical dividends prior to the most recent ones declared.
Big Lots, Inc. (Symbol: BIG) :
KAR Auction Services Inc. (Symbol: KAR) :
Advance Auto Parts Inc (Symbol: AAP) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recen t dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.48% for Big Lots, Inc., 2.88% for KAR Auction Services Inc., and 0.15% for Advance Auto Parts Inc.
In Tuesday trading, Big Lots, Inc. shares are currently up about 0.2%, KAR Auction Services Inc. shares are off about 0.1%, and Advance Auto Parts Inc shares are trading flat on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel , on 3/21/19, Big Lots, Inc. (Symbol: BIG), KAR Auction Services Inc. (Symbol: KAR), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for KAR to open 0.72% lower in price and for AAP to open 0.04% lower, all else being equal. Below are dividend history charts for BIG, KAR, and AAP, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel , on 3/21/19, Big Lots, Inc. (Symbol: BIG), KAR Auction Services Inc. (Symbol: KAR), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Big Lots, Inc. (Symbol: BIG) : KAR Auction Services Inc. (Symbol: KAR) : Advance Auto Parts Inc (Symbol: AAP) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for KAR to open 0.72% lower in price and for AAP to open 0.04% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel , on 3/21/19, Big Lots, Inc. (Symbol: BIG), KAR Auction Services Inc. (Symbol: KAR), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Big Lots, Inc. (Symbol: BIG) : KAR Auction Services Inc. (Symbol: KAR) : Advance Auto Parts Inc (Symbol: AAP) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for KAR to open 0.72% lower in price and for AAP to open 0.04% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel , on 3/21/19, Big Lots, Inc. (Symbol: BIG), KAR Auction Services Inc. (Symbol: KAR), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for KAR to open 0.72% lower in price and for AAP to open 0.04% lower, all else being equal. Below are dividend history charts for BIG, KAR, and AAP, showing historical dividends prior to the most recent ones declared.
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11223.0
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2019-03-18 00:00:00 UTC
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Analysts Expect 10% Gains Ahead For The Holdings of SPYX
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AAP
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https://www.nasdaq.com/articles/analysts-expect-10-gains-ahead-holdings-spyx-2019-03-18
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR S&P 500 Fossil Fuel Reserves Free ETF (Symbol: SPYX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $75.64 per unit.
With SPYX trading at a recent price near $68.72 per unit, that means that analysts see 10.08% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of SPYX's underlying holdings with notable upside to their analyst target prices are CenturyLink Inc (Symbol: CTL), Advance Auto Parts Inc (Symbol: AAP), and Constellation Brands Inc (Symbol: STZ). Although CTL has traded at a recent price of $12.09/share, the average analyst target is 32.34% higher at $16.00/share. Similarly, AAP has 27.71% upside from the recent share price of $154.84 if the average analyst target price of $197.75/share is reached, and analysts on average are expecting STZ to reach a target price of $216.93/share, which is 27.27% above the recent price of $170.45. Below is a twelve month price history chart comparing the stock performance of CTL, AAP, and STZ:
Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a twelve month price history chart comparing the stock performance of CTL, AAP, and STZ: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of SPYX's underlying holdings with notable upside to their analyst target prices are CenturyLink Inc (Symbol: CTL), Advance Auto Parts Inc (Symbol: AAP), and Constellation Brands Inc (Symbol: STZ). Similarly, AAP has 27.71% upside from the recent share price of $154.84 if the average analyst target price of $197.75/share is reached, and analysts on average are expecting STZ to reach a target price of $216.93/share, which is 27.27% above the recent price of $170.45.
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Three of SPYX's underlying holdings with notable upside to their analyst target prices are CenturyLink Inc (Symbol: CTL), Advance Auto Parts Inc (Symbol: AAP), and Constellation Brands Inc (Symbol: STZ). Similarly, AAP has 27.71% upside from the recent share price of $154.84 if the average analyst target price of $197.75/share is reached, and analysts on average are expecting STZ to reach a target price of $216.93/share, which is 27.27% above the recent price of $170.45. Below is a twelve month price history chart comparing the stock performance of CTL, AAP, and STZ: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, AAP has 27.71% upside from the recent share price of $154.84 if the average analyst target price of $197.75/share is reached, and analysts on average are expecting STZ to reach a target price of $216.93/share, which is 27.27% above the recent price of $170.45. Below is a twelve month price history chart comparing the stock performance of CTL, AAP, and STZ: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of SPYX's underlying holdings with notable upside to their analyst target prices are CenturyLink Inc (Symbol: CTL), Advance Auto Parts Inc (Symbol: AAP), and Constellation Brands Inc (Symbol: STZ).
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Below is a twelve month price history chart comparing the stock performance of CTL, AAP, and STZ: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of SPYX's underlying holdings with notable upside to their analyst target prices are CenturyLink Inc (Symbol: CTL), Advance Auto Parts Inc (Symbol: AAP), and Constellation Brands Inc (Symbol: STZ). Similarly, AAP has 27.71% upside from the recent share price of $154.84 if the average analyst target price of $197.75/share is reached, and analysts on average are expecting STZ to reach a target price of $216.93/share, which is 27.27% above the recent price of $170.45.
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11224.0
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2019-03-07 00:00:00 UTC
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Notable Two Hundred Day Moving Average Cross - AAP
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AAP
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https://www.nasdaq.com/articles/notable-two-hundred-day-moving-average-cross-aap-2019-03-07
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nan
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nan
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $156.21, changing hands as low as $154.85 per share. Advance Auto Parts Inc shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of AAP shares, versus its 200 day moving average:
Looking at the chart above, AAP's low point in its 52 week range is $102.44 per share, with $186.15 as the 52 week high point - that compares with a last trade of $154.98.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $156.21, changing hands as low as $154.85 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $102.44 per share, with $186.15 as the 52 week high point - that compares with a last trade of $154.98. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $156.21, changing hands as low as $154.85 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $102.44 per share, with $186.15 as the 52 week high point - that compares with a last trade of $154.98. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $156.21, changing hands as low as $154.85 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $102.44 per share, with $186.15 as the 52 week high point - that compares with a last trade of $154.98. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $156.21, changing hands as low as $154.85 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $102.44 per share, with $186.15 as the 52 week high point - that compares with a last trade of $154.98. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11225.0
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2019-03-07 00:00:00 UTC
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3 Big Stock Charts for Thursday: Omnicell, Advance Auto Parts and LyondellBasell
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AAP
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https://www.nasdaq.com/articles/3-big-stock-charts-for-thursday%3A-omnicell-advance-auto-parts-and-lyondellbasell-2019-03-07
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The market may not be past the tipping point yet, but yesterday's loss certainly pushes it to the brink. With Wednesday's loss, the S&P 500 is now resting right on its 20-day moving average line, feeling a sentiment headwind.
General Electric (NYSE: GE ) did much of the damage, losing nearly 8% of its value as investors continue to digest its lackluster cash flow outlook for the year now underway. Advanced Micro Devices (NASDAQ: AMD ) took a big bite out of the market too, though, just because increasingly nervous investors continue to file out of their most aggressive trades.
There were some winners too. Roku (NASDAQ: ROKU ) jumped 4.5% thanks to Guggenheim's improved price target , while Abercrombie & Fitch (NYSE: ANF ) bolted more than 20% higher following an earnings report that suggests the retailer may be salvaged after all.
There just weren't enough of the right, big names to push the market into positive territory.
Headed into Thursday's session, the stock charts of Advance Auto Parts (NYSE: AAP ), LyondellBasell Industries (NYSE: LYB ) and Omnicell (NASDAQ: OMCL ) are your better trading bets. Here's why.
Omnicell (OMCL)
Omnicell has been on fire since the middle part of last year, even sidestepping the worst of December's marketwide weakness to fight its way to record highs earlier this month.
9 Trade War Stocks to Sell on U.S.-China Deal News
All good things must eventually come to an end though, even if only temporarily. As rewarding as OMCL has been of late, we're now seeing all the telltale signs that a pullback from an overbought condition is already underway.
Click to Enlarge • The daily chart speaks for itself. While it catapulted higher early last month, the stock has struggled to hold onto those gains. Wednesday's loss was particularly big.
• It's not something that can be plotted, but the divergence between the white 200-day moving average line and the stock's price reached a typical maximum of 35% last month, essentially matching September's and November's pre-pullback divergence.
• Zooming out to a weekly chart we can see Omnicell has moved into overbought territory with its RSI and stochastic indicators, leaving it ripe for a pullback as has been the case with past clues of the same. A pullback to the 200-day average around $67 may be required to burn off all the froth.
Advance Auto Parts (AAP)
Advance Auto Parts shares haven't reached their breaking point yet, but they're getting close. As of yesterday's action, a key technical floor is being tested for a second time this year. This time, however, it's starting that test in the shadow of a major bearish clue.
Click to Enlarge • The technical support in question is the 200-day moving average line, plotted in white on both stock charts. Any move lower from here would pull AAP below that long-term line for the first time since 2017.
• Such a breakdown may already be a foregone conclusion. The tall reversal bar from Feb. 19, highlighted on the daily chart, suggests the pivot has already been made from a net-bullish to a net-bearish environment.
• Though the stage is set, it's a setup that practically requires a break below the 200-day moving average line before becoming actionable.
LyondellBasell Industries (LYB)
We put LyondellBasell Industries on the radar back in early February , when it started to act like it was going to work its way out of a downtrend. It wasn't quite ready for prime-time at the time, but it was inching closer.
That potential breakout move never really went anywhere. But, after Wednesday's session, LyondellBasell are closer to a breakout thrust than they've been in months. One more good day could seal the deal.
Click to Enlarge • The "setup" is the horizontal trading range that has taken shape since the beginning of the year. The upper edge of that range is plotted in yellow on both stock charts, while the lower boundary is plotted in blue.
• Although LYB stock didn't poke through the upper ceiling yet, as of Wednesday, the stock's above the gray 100-day moving average line for the first time in weeks.
• Underscoring the new-found bullishness is the volume surge behind yesterday's gain. The bulls had been waiting in the wings, but the swell of volume suggests there's a crowd of willing buyers on standby.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com , or follow him on Twitter , at @jbrumley.
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The post 3 Big Stock Charts for Thursday: Omnicell, Advance Auto Parts and LyondellBasell appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Headed into Thursday's session, the stock charts of Advance Auto Parts (NYSE: AAP ), LyondellBasell Industries (NYSE: LYB ) and Omnicell (NASDAQ: OMCL ) are your better trading bets. Advance Auto Parts (AAP) Advance Auto Parts shares haven't reached their breaking point yet, but they're getting close. Any move lower from here would pull AAP below that long-term line for the first time since 2017.
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Headed into Thursday's session, the stock charts of Advance Auto Parts (NYSE: AAP ), LyondellBasell Industries (NYSE: LYB ) and Omnicell (NASDAQ: OMCL ) are your better trading bets. Advance Auto Parts (AAP) Advance Auto Parts shares haven't reached their breaking point yet, but they're getting close. Any move lower from here would pull AAP below that long-term line for the first time since 2017.
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Headed into Thursday's session, the stock charts of Advance Auto Parts (NYSE: AAP ), LyondellBasell Industries (NYSE: LYB ) and Omnicell (NASDAQ: OMCL ) are your better trading bets. Advance Auto Parts (AAP) Advance Auto Parts shares haven't reached their breaking point yet, but they're getting close. Any move lower from here would pull AAP below that long-term line for the first time since 2017.
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Headed into Thursday's session, the stock charts of Advance Auto Parts (NYSE: AAP ), LyondellBasell Industries (NYSE: LYB ) and Omnicell (NASDAQ: OMCL ) are your better trading bets. Advance Auto Parts (AAP) Advance Auto Parts shares haven't reached their breaking point yet, but they're getting close. Any move lower from here would pull AAP below that long-term line for the first time since 2017.
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11226.0
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2019-02-28 00:00:00 UTC
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Auto Stock Roundup: SAH, CPRT, MGA Beat on Earnings, AN Lags Estimates
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-sah-cprt-mga-beat-on-earnings-an-lags-estimates-2019-02-28
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nan
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nan
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Some companies from the Auto sector - including Sonic Automotive, Inc. SAH , Copart, Inc. CPRT , AutoNationInc. AN and Magna International Inc. MGA - have reported quarterly results in the past week. During the quarter under review, earnings and revenues of Magna surpassed estimates. Sonic Automotive and Copart also beat on earnings while missing revenue estimates. However, AutoNation's earnings and revenues missed estimates.
Recap of the Week's Most Important Stories
1. Sonic Automotive registered adjusted earnings per share of 76 cents in fourth-quarter 2018, beating the Zacks Consensus Estimate of 75 cents. However, the bottom line was lower than the fourth-quarter 2017 figure of 84 cents per share.
Total revenues in the reported quarter were $2.57 billion, down from the prior-year quarter figure of $2.67 billion. Further, revenues missed the Zacks Consensus Estimate of $2.69 billion.
During the reported quarter, revenues from the sale of total new vehicles decreased 11.2% year over year to $1.32 billion. Revenues from used vehicles rose 10.2% to $755.9 million. Wholesale vehicle revenues rose 22% to $49.9 million.
Revenues from parts, services and collision repair decreased 4.5% to $339.3 million while finance, insurance and other revenues rose 9.4% to $109.6 million.
In fourth-quarter 2018, gross profit decreased to $370.7 million from $384.1 million recorded a year ago. Selling, general and administrative expenses decreased to $273.9 million from $277.6 million in the year-ago quarter. The company reported operating income of $58.7 million compared with $77.2 million in the year-ago quarter.
In fourth-quarter 2018, EchoPark stores retailed 8,762 units, up 94.9% on a year-over-year basis. (Read more: Sonic Automotive Q4 Earnings Beat, Revenues Miss )
Sonic Automotive currently carries a Zacks Rank #5 (Strong Sell).
2. Copar t report ed adjusted earnings per share of 52 cents in second-quarter fiscal 2019 (ended January 31, 2019), beating the Zacks Consensus Estimate of 51 cents. In the year-ago quarter, the bottom line was 47 cents.
Net income was $131.4 million, reflecting an increase of 27.2% or $28.1 million from second-quarter fiscal 2018.
Copart's revenues rose 5.6% to $484.9 million from the year-ago quarter. However, revenues missed the Zacks Consensus Estimate of $494.3 million. Compared with the prior-year quarter, service revenues increased to $416.8 million from $402 million. Revenues from the sale of vehicles were $68.1 million in comparison with $57.2 million in second-quarter fiscal 2018.
Gross profit improved to $208.2 million from $191.6 million a year ago. Total operating expenses increased to $320.2 million from $308.2 million recorded in the prior-year period.
Operating income increased to $164.7 million from $150.9 million a year ago.
Copart had cash and cash equivalents of $108.2 million as of Jan 31, 2019, compared with $274.5 million as of Jul 31, 2018. Long-term debt, revolving loan facility and capital lease obligations were $398.7 million as of Jan 31, 2019, similar to the figure recorded on Jul 31, 2018.
At the end of the first six months of fiscal 2019, Copart generated net cash flow of $215.2 million from operations compared with $180.9 million in the year-ago period. (Read more: Copart Q2 Earnings Surpass Estimates, Improve Y/Y )
Copart currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
3. In fourth-quarter 2018, AutoNation reported adjusted earnings of $1.10 per share, missing the Zacks Consensus Estimate of $1.14. In the year-ago quarter, earnings had come in at $1.64 per share.
Net income from continuing operations was $93 million compared with $152 million in fourth-quarter 2017.
During the quarter under review, AutoNation's revenues were $5.41 billion compared with $5.68 billion in the prior-year quarter. The top line also missed the Zacks Consensus Estimate of $5.61 billion.
New-vehicle revenues decreased 8.3% year over year to $3.07 billion in fourth-quarter 2018. Used-vehicle revenues rose 0.4% to $1.21 from the year-ago figure. Parts and service business revenues gained 1.6% from fourth-quarter 2017 to $868 million. Net revenues from the finance and insurance business were $245 million, reflecting a decline of 0.7% from the prior-year quarter.
In 2018, the company recorded net income from continuing operations of $396 million or $4.34 per share compared with $435 million or $4.43 per share in the prior year.
Revenues for the year were $21.4 billion, marking a slight decline from $21.5 billion in 2017. (Read more: AutoNation Lags Earnings Estimates in Q4 )
AutoNation currently carries a Zacks Rank #4 (Sell).
4. Magna delivered adjusted earnings per share of $1.63 in fourth-quarter 2018, beating the Zacks Consensus Estimate of $1.60. Further, the bottom line was higher than the year-ago quarter's figure of $1.58.
Revenues increased 5% year over year to $10.1 billion. Also, revenues surpassed the Zacks Consensus Estimate by 0.44%. Robust sales growth was achieved in a period when global light-vehicle production decreased 4%, led by a 14% decline in China and a 1% fall in Europe, partly offset by 1% rise in North America.
Adjusted EBIT declined to $730 million from the year-ago figure of $813 million.
For 2018, adjusted earnings per share were $6.71, up from the 2017 figure of $5.93.
Revenues for the year were $40.8 billion, up from the 2017 figure of $36.6 billion.
Revenues at the Body Exteriors & Structures segment were $4.2 billion in the reported quarter compared with $4.3 billion recorded in fourth-quarter 2017. Adjusted EBIT declined 1% year over year to $351 million.
Revenues at the Power & Vision segment totaled $3 billion in comparison with $2.9 billion recorded in the prior-year quarter. Adjusted EBIT declined 21% year over year to $253 million.
Revenues at the Seating Systems segment totaled $1.44 billion compared with $1.3 billion in the year-ago quarter. Adjusted EBIT increased 4% year over year to $110 million.
Revenues from the Complete Vehicles segment increased to $1.69 billion in the quarter under review from $1.21 million in fourth-quarter 2017. Adjusted EBIT declined 14% year over year to $24 million. (Read more: Magna Earnings Surpass Estimates in Q4, Improve Y/Y )
Magna currently carries a Zacks Rank #3.
Performance
In the past week, Tesla, Inc. TSLA gained the most while Advance Auto Parts, Inc. AAP saw the worst decline.
In the past six months, AutoZone, Inc. AZO has increased the most. Harley-Davidson, Inc. HOG declined the most.
What's Next in the Auto Space?
Watch out for the usual news releases and earnings releases over the next week.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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AutoNation, Inc. (AN): Free Stock Analysis Report
Sonic Automotive, Inc. (SAH): Free Stock Analysis Report
Tesla, Inc. (TSLA): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
Magna International Inc. (MGA): Free Stock Analysis Report
Harley-Davidson, Inc. (HOG): Free Stock Analysis Report
Copart, Inc. (CPRT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Performance In the past week, Tesla, Inc. TSLA gained the most while Advance Auto Parts, Inc. AAP saw the worst decline. Click to get this free report AutoNation, Inc. (AN): Free Stock Analysis Report Sonic Automotive, Inc. (SAH): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report Copart, Inc. (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Long-term debt, revolving loan facility and capital lease obligations were $398.7 million as of Jan 31, 2019, similar to the figure recorded on Jul 31, 2018.
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Click to get this free report AutoNation, Inc. (AN): Free Stock Analysis Report Sonic Automotive, Inc. (SAH): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report Copart, Inc. (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Performance In the past week, Tesla, Inc. TSLA gained the most while Advance Auto Parts, Inc. AAP saw the worst decline. (Read more: Sonic Automotive Q4 Earnings Beat, Revenues Miss ) Sonic Automotive currently carries a Zacks Rank #5 (Strong Sell).
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Click to get this free report AutoNation, Inc. (AN): Free Stock Analysis Report Sonic Automotive, Inc. (SAH): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report Copart, Inc. (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Performance In the past week, Tesla, Inc. TSLA gained the most while Advance Auto Parts, Inc. AAP saw the worst decline. Revenues from parts, services and collision repair decreased 4.5% to $339.3 million while finance, insurance and other revenues rose 9.4% to $109.6 million.
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Performance In the past week, Tesla, Inc. TSLA gained the most while Advance Auto Parts, Inc. AAP saw the worst decline. Click to get this free report AutoNation, Inc. (AN): Free Stock Analysis Report Sonic Automotive, Inc. (SAH): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report Copart, Inc. (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. During the reported quarter, revenues from the sale of total new vehicles decreased 11.2% year over year to $1.32 billion.
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11227.0
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2019-02-26 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Caterpillar, Ferroglobe, AutoZone, Dillard's
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AAP
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https://www.nasdaq.com/articles/us-stocks-move-caterpillar-ferroglobe-autozone-dillards-2019-02-26
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nan
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
The benchmark S&P 500 index and the Nasdaq cut all losses on Tuesday to eke out slight gains, after a report from the Conference Board showed a higher-than-expected rise in the consumer confidence index in February.
At 10:42 ET, the Dow Jones Industrial Average was down 0.10 percent at 26,066.27. The S&P 500 was up 0.08 percent at 2,798.31 and the Nasdaq Composite was up 0.07 percent at 7,559.941.
The top three S&P 500 percentage gainers:
** J M Smucker, up 6.2 pct
** Autozone Inc, up 6 pct
** Advance Auto Parts Inc, up 3.4 pct
The top three S&P 500 percentage losers:
** Discovery Inc C, down 7.3 pct
** Discovery Inc A, down 7.3 pct
** Mosaic Company, down 4.2 pct
The top three NYSE percentage gainers:
** FTE Networks Inc, up 180.3 pct
** Telaria Inc, up 34 pct
** Vitamin Shoppe Inc, up 24.5 pct
The top three NYSE percentage losers:
** Nautilus Inc, down 21.9 pct
** Navigant Consulting Inc, down 16.2 pct
** Realogy Holdings, down 13.6 pct
The top three Nasdaq percentage gainers:
** Fronteo Inc Drc, up 30.3 pct
** Ferroglobe Plc, up 27.4 pct
** 1347 Property In, up 24.4 pct
The top three Nasdaq percentage losers:
** Sunopta Inc, down 38.1 pct
** CytomX Therapeutics Inc, down 28.1 pct
** Centennial Resource Development Inc, down 20.5 pct
** Home Depot Inc: down 2.1 pct
Home Depot dips ahead of quarterly check-in
** Caterpillar Inc: down 2.4 pct
Slides as UBS double downgrades to "sell" on earnings fears
** Ferroglobe Plc: up 27.4 pct
Surges on Q4 sales beat, Jefferies sees "some breathing room"
** AutoZone Inc: up 5.5 pct
Rises on strong same-store sales
** Dillard's Inc: up 20.0 pct
Jumps on Q4 beat, but JPM sees three red flags
** Neovasc Inc: down 29.1 pct
Announces stock offering, U.S.-listed shares drop
** Heat Biologics Inc: up 11.6 pct Surges on interim data for cancer drug
** Zynerba Pharmaceuticals Inc: up 5.5 pct
Surges on patent win for cannabinoid-based treatment
** Summit Midstream Partners LP: down 15.7 pct
Falls as CEO steps down, co cuts distribution
** SELLAS Life Sciences Group Inc: up 2.8 pct
Rises as co evaluates sale and other alternatives
** EverQuote Inc: up 21.5 pct
Over 3-month high on Q4 revenue beat
** Alta Mesa Resources Inc: down 60.2 pct
Plunges on results delay, Guggenheim double-downgrade
** The J. M. Smucker Co: up 6.2 pct
Rises on Q3 beat
** AT&T Inc: up 0.2 pct
Rises after appeals court says Time Warner deal is legal
** Etsy Inc: up 14.5 pct
Jumps as Q4 profit, 2019 outlook impress
Eyes record high at open; RBC, Stifel, raise PTs
** Hertz Global Holdings Inc: down 3.3 pct
Rises on smaller-than-expected Q4 loss
** Tenet Healthcare Corporation: up 11.7 pct
Rises on profit beat, strong forecast
** SAGE Therapeutics Inc: down 4.5 pct
Slips on $500 mln stock deal
** Tesla Inc: down 1.4 pct
Drifts lower as analysts say SEC attack brings back uncertainty
** Mallinckrodt: up 15.7 pct
Shares jump on Q4 beat
** CenturyLink Inc: down 1.3 pct
Slides as BAML cuts to "neutral" on Q1 fears
** Neovasc Inc: down 29.1 pct
Slumps on deep-discounted $5 mln stock offering
** Mosaic Co: down 4.2 pct
Rises on Q4 profit beat, bright full-year earnings forecast
** NanoViricides Inc: up 34.9 pct
Jumps on license for shingles virus drug
** Macy's Inc: up 1.2 pct
Rises on restructuring plans
The 11 major S&P 500 sectors:
(Compiled By Arundhati Sarkar in Bengaluru)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: The benchmark S&P 500 index and the Nasdaq cut all losses on Tuesday to eke out slight gains, after a report from the Conference Board showed a higher-than-expected rise in the consumer confidence index in February. At 10:42 ET, the Dow Jones Industrial Average was down 0.10 percent at 26,066.27. The top three S&P 500 percentage gainers: ** J M Smucker, up 6.2 pct ** Autozone Inc, up 6 pct ** Advance Auto Parts Inc, up 3.4 pct The top three S&P 500 percentage losers: ** Discovery Inc C, down 7.3 pct ** Discovery Inc A, down 7.3 pct ** Mosaic Company, down 4.2 pct The top three NYSE percentage gainers: ** FTE Networks Inc, up 180.3 pct ** Telaria Inc, up 34 pct ** Vitamin Shoppe Inc, up 24.5 pct The top three NYSE percentage losers: ** Nautilus Inc, down 21.9 pct ** Navigant Consulting Inc, down 16.2 pct ** Realogy Holdings, down 13.6 pct The top three Nasdaq percentage gainers: ** Fronteo Inc Drc, up 30.3 pct ** Ferroglobe Plc, up 27.4 pct ** 1347 Property In, up 24.4 pct The top three Nasdaq percentage losers: ** Sunopta Inc, down 38.1 pct ** CytomX Therapeutics Inc, down 28.1 pct ** Centennial Resource Development Inc, down 20.5 pct ** Home Depot Inc: down 2.1 pct Home Depot dips ahead of quarterly check-in ** Caterpillar Inc: down 2.4 pct Slides as UBS double downgrades to "sell" on earnings fears ** Ferroglobe Plc: up 27.4 pct Surges on Q4 sales beat, Jefferies sees "some breathing room" ** AutoZone Inc: up 5.5 pct Rises on strong same-store sales ** Dillard's Inc: up 20.0 pct Jumps on Q4 beat, but JPM sees three red flags ** Neovasc Inc: down 29.1 pct Announces stock offering, U.S.-listed shares drop ** Heat Biologics Inc: up 11.6 pct Surges on interim data for cancer drug ** Zynerba Pharmaceuticals Inc: up 5.5 pct Surges on patent win for cannabinoid-based treatment ** Summit Midstream Partners LP: down 15.7 pct Falls as CEO steps down, co cuts distribution ** SELLAS Life Sciences Group Inc: up 2.8 pct Rises as co evaluates sale and other alternatives ** EverQuote Inc: up 21.5 pct Over 3-month high on Q4 revenue beat ** Alta Mesa Resources Inc: down 60.2 pct Plunges on results delay, Guggenheim double-downgrade ** The J. M. Smucker Co: up 6.2 pct Rises on Q3 beat ** AT&T Inc: up 0.2 pct Rises after appeals court says Time Warner deal is legal ** Etsy Inc: up 14.5 pct Jumps as Q4 profit, 2019 outlook impress Eyes record high at open; RBC, Stifel, raise PTs ** Hertz Global Holdings Inc: down 3.3 pct Rises on smaller-than-expected Q4 loss ** Tenet Healthcare Corporation: up 11.7 pct Rises on profit beat, strong forecast ** SAGE Therapeutics Inc: down 4.5 pct Slips on $500 mln stock deal ** Tesla Inc: down 1.4 pct Drifts lower as analysts say SEC attack brings back uncertainty ** Mallinckrodt: up 15.7 pct Shares jump on Q4 beat ** CenturyLink Inc: down 1.3 pct Slides as BAML cuts to "neutral" on Q1 fears ** Neovasc Inc: down 29.1 pct Slumps on deep-discounted $5 mln stock offering ** Mosaic Co: down 4.2 pct Rises on Q4 profit beat, bright full-year earnings forecast ** NanoViricides Inc: up 34.9 pct Jumps on license for shingles virus drug ** Macy's Inc: up 1.2 pct Rises on restructuring plans The 11 major S&P 500 sectors: (Compiled By Arundhati Sarkar in Bengaluru) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: The benchmark S&P 500 index and the Nasdaq cut all losses on Tuesday to eke out slight gains, after a report from the Conference Board showed a higher-than-expected rise in the consumer confidence index in February. The S&P 500 was up 0.08 percent at 2,798.31 and the Nasdaq Composite was up 0.07 percent at 7,559.941. The top three S&P 500 percentage gainers: ** J M Smucker, up 6.2 pct ** Autozone Inc, up 6 pct ** Advance Auto Parts Inc, up 3.4 pct The top three S&P 500 percentage losers: ** Discovery Inc C, down 7.3 pct ** Discovery Inc A, down 7.3 pct ** Mosaic Company, down 4.2 pct The top three NYSE percentage gainers: ** FTE Networks Inc, up 180.3 pct ** Telaria Inc, up 34 pct ** Vitamin Shoppe Inc, up 24.5 pct The top three NYSE percentage losers: ** Nautilus Inc, down 21.9 pct ** Navigant Consulting Inc, down 16.2 pct ** Realogy Holdings, down 13.6 pct The top three Nasdaq percentage gainers: ** Fronteo Inc Drc, up 30.3 pct ** Ferroglobe Plc, up 27.4 pct ** 1347 Property In, up 24.4 pct The top three Nasdaq percentage losers: ** Sunopta Inc, down 38.1 pct ** CytomX Therapeutics Inc, down 28.1 pct ** Centennial Resource Development Inc, down 20.5 pct ** Home Depot Inc: down 2.1 pct Home Depot dips ahead of quarterly check-in ** Caterpillar Inc: down 2.4 pct Slides as UBS double downgrades to "sell" on earnings fears ** Ferroglobe Plc: up 27.4 pct Surges on Q4 sales beat, Jefferies sees "some breathing room" ** AutoZone Inc: up 5.5 pct Rises on strong same-store sales ** Dillard's Inc: up 20.0 pct Jumps on Q4 beat, but JPM sees three red flags ** Neovasc Inc: down 29.1 pct Announces stock offering, U.S.-listed shares drop ** Heat Biologics Inc: up 11.6 pct Surges on interim data for cancer drug ** Zynerba Pharmaceuticals Inc: up 5.5 pct Surges on patent win for cannabinoid-based treatment ** Summit Midstream Partners LP: down 15.7 pct Falls as CEO steps down, co cuts distribution ** SELLAS Life Sciences Group Inc: up 2.8 pct Rises as co evaluates sale and other alternatives ** EverQuote Inc: up 21.5 pct Over 3-month high on Q4 revenue beat ** Alta Mesa Resources Inc: down 60.2 pct Plunges on results delay, Guggenheim double-downgrade ** The J. M. Smucker Co: up 6.2 pct Rises on Q3 beat ** AT&T Inc: up 0.2 pct Rises after appeals court says Time Warner deal is legal ** Etsy Inc: up 14.5 pct Jumps as Q4 profit, 2019 outlook impress Eyes record high at open; RBC, Stifel, raise PTs ** Hertz Global Holdings Inc: down 3.3 pct Rises on smaller-than-expected Q4 loss ** Tenet Healthcare Corporation: up 11.7 pct Rises on profit beat, strong forecast ** SAGE Therapeutics Inc: down 4.5 pct Slips on $500 mln stock deal ** Tesla Inc: down 1.4 pct Drifts lower as analysts say SEC attack brings back uncertainty ** Mallinckrodt: up 15.7 pct Shares jump on Q4 beat ** CenturyLink Inc: down 1.3 pct Slides as BAML cuts to "neutral" on Q1 fears ** Neovasc Inc: down 29.1 pct Slumps on deep-discounted $5 mln stock offering ** Mosaic Co: down 4.2 pct Rises on Q4 profit beat, bright full-year earnings forecast ** NanoViricides Inc: up 34.9 pct Jumps on license for shingles virus drug ** Macy's Inc: up 1.2 pct Rises on restructuring plans The 11 major S&P 500 sectors: (Compiled By Arundhati Sarkar in Bengaluru) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At 10:42 ET, the Dow Jones Industrial Average was down 0.10 percent at 26,066.27. The S&P 500 was up 0.08 percent at 2,798.31 and the Nasdaq Composite was up 0.07 percent at 7,559.941. The top three S&P 500 percentage gainers: ** J M Smucker, up 6.2 pct ** Autozone Inc, up 6 pct ** Advance Auto Parts Inc, up 3.4 pct The top three S&P 500 percentage losers: ** Discovery Inc C, down 7.3 pct ** Discovery Inc A, down 7.3 pct ** Mosaic Company, down 4.2 pct The top three NYSE percentage gainers: ** FTE Networks Inc, up 180.3 pct ** Telaria Inc, up 34 pct ** Vitamin Shoppe Inc, up 24.5 pct The top three NYSE percentage losers: ** Nautilus Inc, down 21.9 pct ** Navigant Consulting Inc, down 16.2 pct ** Realogy Holdings, down 13.6 pct The top three Nasdaq percentage gainers: ** Fronteo Inc Drc, up 30.3 pct ** Ferroglobe Plc, up 27.4 pct ** 1347 Property In, up 24.4 pct The top three Nasdaq percentage losers: ** Sunopta Inc, down 38.1 pct ** CytomX Therapeutics Inc, down 28.1 pct ** Centennial Resource Development Inc, down 20.5 pct ** Home Depot Inc: down 2.1 pct Home Depot dips ahead of quarterly check-in ** Caterpillar Inc: down 2.4 pct Slides as UBS double downgrades to "sell" on earnings fears ** Ferroglobe Plc: up 27.4 pct Surges on Q4 sales beat, Jefferies sees "some breathing room" ** AutoZone Inc: up 5.5 pct Rises on strong same-store sales ** Dillard's Inc: up 20.0 pct Jumps on Q4 beat, but JPM sees three red flags ** Neovasc Inc: down 29.1 pct Announces stock offering, U.S.-listed shares drop ** Heat Biologics Inc: up 11.6 pct Surges on interim data for cancer drug ** Zynerba Pharmaceuticals Inc: up 5.5 pct Surges on patent win for cannabinoid-based treatment ** Summit Midstream Partners LP: down 15.7 pct Falls as CEO steps down, co cuts distribution ** SELLAS Life Sciences Group Inc: up 2.8 pct Rises as co evaluates sale and other alternatives ** EverQuote Inc: up 21.5 pct Over 3-month high on Q4 revenue beat ** Alta Mesa Resources Inc: down 60.2 pct Plunges on results delay, Guggenheim double-downgrade ** The J. M. Smucker Co: up 6.2 pct Rises on Q3 beat ** AT&T Inc: up 0.2 pct Rises after appeals court says Time Warner deal is legal ** Etsy Inc: up 14.5 pct Jumps as Q4 profit, 2019 outlook impress Eyes record high at open; RBC, Stifel, raise PTs ** Hertz Global Holdings Inc: down 3.3 pct Rises on smaller-than-expected Q4 loss ** Tenet Healthcare Corporation: up 11.7 pct Rises on profit beat, strong forecast ** SAGE Therapeutics Inc: down 4.5 pct Slips on $500 mln stock deal ** Tesla Inc: down 1.4 pct Drifts lower as analysts say SEC attack brings back uncertainty ** Mallinckrodt: up 15.7 pct Shares jump on Q4 beat ** CenturyLink Inc: down 1.3 pct Slides as BAML cuts to "neutral" on Q1 fears ** Neovasc Inc: down 29.1 pct Slumps on deep-discounted $5 mln stock offering ** Mosaic Co: down 4.2 pct Rises on Q4 profit beat, bright full-year earnings forecast ** NanoViricides Inc: up 34.9 pct Jumps on license for shingles virus drug ** Macy's Inc: up 1.2 pct Rises on restructuring plans The 11 major S&P 500 sectors: (Compiled By Arundhati Sarkar in Bengaluru) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: The benchmark S&P 500 index and the Nasdaq cut all losses on Tuesday to eke out slight gains, after a report from the Conference Board showed a higher-than-expected rise in the consumer confidence index in February. At 10:42 ET, the Dow Jones Industrial Average was down 0.10 percent at 26,066.27. The S&P 500 was up 0.08 percent at 2,798.31 and the Nasdaq Composite was up 0.07 percent at 7,559.941.
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11228.0
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2019-02-25 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-GE, Anaplan, Nio, Titan Pharmaceuticals, Spark Therapeutics
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AAP
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https://www.nasdaq.com/articles/us-stocks-move-ge-anaplan-nio-titan-pharmaceuticals-spark-therapeutics-2019-02-25
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nan
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
U.S. stocks rose on Monday, boosted by technology and industrial companies, after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports and that he was "very, very close" on a trade deal.
The top three S&P 500 percentage gainers:
** General Electric Co, up 9.2 pct
** Danaher, up 8 pct
** Goodyear Tire & Rubber Co, up 4 pct
The top three S&P 500 percentage losers:
** Advance Auto Parts Inc, down 2.4 pct
** Extra Space Storage Inc, down 2.2 pct
** The Kraft Heinz Co, down 2 pct
The top three NYSE percentage gainers:
** Gx Msci It Etf, up 40.2 pct
** Phoenix New Media, up 26.4 pct
** Planet Green Holdings Corp, up 21.7 pct
The top three NYSE percentage losers:
** Sunlands Online Education Group, down 21.5 pct
** Genworth Financial Inc, down 13.7 pct
** Medley Llc, down 13.1 pct
The top three Nasdaq percentage gainers:
** China Internet Nationwide Financial Services Inc, up 146.9 pct
** Spark Therapeutics Inc, up 120.1 pct
** Clementia Pharmaceuticals Inc, up 74.2 pct
The top three Nasdaq percentage losers:
** Achieve Life Sciences Inc, down 21.7 pct
** Ramaco Resources Inc, down 12.8 pct
** Energous Corp, down 8.1 pct
** General Electric Co: up 9.2 pct
GE surges, Danaher hits record high on "home run" biopharma deal
** Anaplan Inc: up 12.7 pct
Surges to post-IPO high on Q4, forecast beat
** Nio Inc: up 9.8 pct
Nio charges, Tesla gains after CBS 60 Minutes show on China EV market
** Titan Pharmaceuticals Inc: up 33.3 pct
Soars on deal with Walgreens to sell opioid use treatment
** IMAX Corp: down 3.5 pct
Box office weakness to weigh on Q4 results - Canaccord
** Clementia Pharmaceuticals Inc: up 74.2 pct
Surges on $1.31 bln buyout deal with Ipsen
** Scworx Corp: up 3.2 pct
Scworx Corp: Surges on service deal with healthcare provider
** Goodyear Tire & Rubber Co: up 4.1 pct
Rises on board director's vote of confidence
** Windstream Holdings Inc: down 24.3 pct
Sinks on report of bankruptcy filing, drags Uniti
** Kraft Heinz Company: down 2.0 pct
Turns negative as Buffett says "overpaid" for stake
** Uniqure NV: up 30.6 pct
** Ophthotech Corp: up 3.6 pct
** Voyager Therapeutics: up 7.9 pct
** Solid Biosciences: up 9.5 pct
** BioMarin Pharma: up 4.5 pct
UniQure, Solid Biosciences rise on Roche's$4.3 bln Spark deal
Poised for record high on Roche's$4.3 bln buyout deal
Pfizer, Novartis could have made bids for Spark
** Advanced Micro Devices Inc: up 2.9 pct
** Micron Technology: up 1.1 pct
** Microchip Technology Inc: up 1.5 pct
** Intel Corp: up 1.6 pct
** Qualcomm Inc: up 0.4 pct
Chip stocks gain after Trump delays tariff hike on Chinese goods
** Cronos Group Inc: down 5.0 pct
Drops after Jefferies starts with "underperform"
** Microsoft Corp: up 0.7 pct
Cloud opportunity "major tailwind" in 2019 - Wedbush
** Newmont Mining Corp: down 0.3 pct
Flips course to head lower on Barrick's discounted offer
The 11 major S&P 500 sectors:
(Compiled By Arundhati Sarkar in Bengaluru)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks rose on Monday, boosted by technology and industrial companies, after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports and that he was "very, very close" on a trade deal. The top three S&P 500 percentage gainers: ** General Electric Co, up 9.2 pct ** Danaher, up 8 pct ** Goodyear Tire & Rubber Co, up 4 pct The top three S&P 500 percentage losers: ** Advance Auto Parts Inc, down 2.4 pct ** Extra Space Storage Inc, down 2.2 pct ** The Kraft Heinz Co, down 2 pct The top three NYSE percentage gainers: ** Gx Msci It Etf, up 40.2 pct ** Phoenix New Media, up 26.4 pct ** Planet Green Holdings Corp, up 21.7 pct The top three NYSE percentage losers: ** Sunlands Online Education Group, down 21.5 pct ** Genworth Financial Inc, down 13.7 pct ** Medley Llc, down 13.1 pct The top three Nasdaq percentage gainers: ** China Internet Nationwide Financial Services Inc, up 146.9 pct ** Spark Therapeutics Inc, up 120.1 pct ** Clementia Pharmaceuticals Inc, up 74.2 pct The top three Nasdaq percentage losers: ** Achieve Life Sciences Inc, down 21.7 pct ** Ramaco Resources Inc, down 12.8 pct ** Energous Corp, down 8.1 pct ** General Electric Co: up 9.2 pct GE surges, Danaher hits record high on "home run" biopharma deal ** Anaplan Inc: up 12.7 pct Surges to post-IPO high on Q4, forecast beat ** Nio Inc: up 9.8 pct Nio charges, Tesla gains after CBS 60 Minutes show on China EV market ** Titan Pharmaceuticals Inc: up 33.3 pct Soars on deal with Walgreens to sell opioid use treatment ** IMAX Corp: down 3.5 pct Box office weakness to weigh on Q4 results - Canaccord ** Clementia Pharmaceuticals Inc: up 74.2 pct Surges on $1.31 bln buyout deal with Ipsen ** Scworx Corp: up 3.2 pct Scworx Corp: Surges on service deal with healthcare provider ** Goodyear Tire & Rubber Co: up 4.1 pct Rises on board director's vote of confidence ** Windstream Holdings Inc: down 24.3 pct Sinks on report of bankruptcy filing, drags Uniti ** Kraft Heinz Company: down 2.0 pct Turns negative as Buffett says "overpaid" for stake ** Uniqure NV: up 30.6 pct ** Ophthotech Corp: up 3.6 pct ** Voyager Therapeutics: up 7.9 pct ** Solid Biosciences: up 9.5 pct ** BioMarin Pharma: up 4.5 pct UniQure, Solid Biosciences rise on Roche's$4.3 bln Spark deal Poised for record high on Roche's$4.3 bln buyout deal Pfizer, Novartis could have made bids for Spark ** Advanced Micro Devices Inc: up 2.9 pct ** Micron Technology: up 1.1 pct ** Microchip Technology Inc: up 1.5 pct ** Intel Corp: up 1.6 pct ** Qualcomm Inc: up 0.4 pct Chip stocks gain after Trump delays tariff hike on Chinese goods ** Cronos Group Inc: down 5.0 pct Drops after Jefferies starts with "underperform" ** Microsoft Corp: up 0.7 pct Cloud opportunity "major tailwind" in 2019 - Wedbush ** Newmont Mining Corp: down 0.3 pct Flips course to head lower on Barrick's discounted offer The 11 major S&P 500 sectors: (Compiled By Arundhati Sarkar in Bengaluru) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks rose on Monday, boosted by technology and industrial companies, after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports and that he was "very, very close" on a trade deal. The top three S&P 500 percentage gainers: ** General Electric Co, up 9.2 pct ** Danaher, up 8 pct ** Goodyear Tire & Rubber Co, up 4 pct The top three S&P 500 percentage losers: ** Advance Auto Parts Inc, down 2.4 pct ** Extra Space Storage Inc, down 2.2 pct ** The Kraft Heinz Co, down 2 pct The top three NYSE percentage gainers: ** Gx Msci It Etf, up 40.2 pct ** Phoenix New Media, up 26.4 pct ** Planet Green Holdings Corp, up 21.7 pct The top three NYSE percentage losers: ** Sunlands Online Education Group, down 21.5 pct ** Genworth Financial Inc, down 13.7 pct ** Medley Llc, down 13.1 pct The top three Nasdaq percentage gainers: ** China Internet Nationwide Financial Services Inc, up 146.9 pct ** Spark Therapeutics Inc, up 120.1 pct ** Clementia Pharmaceuticals Inc, up 74.2 pct The top three Nasdaq percentage losers: ** Achieve Life Sciences Inc, down 21.7 pct ** Ramaco Resources Inc, down 12.8 pct ** Energous Corp, down 8.1 pct ** General Electric Co: up 9.2 pct GE surges, Danaher hits record high on "home run" biopharma deal ** Anaplan Inc: up 12.7 pct Surges to post-IPO high on Q4, forecast beat ** Nio Inc: up 9.8 pct Nio charges, Tesla gains after CBS 60 Minutes show on China EV market ** Titan Pharmaceuticals Inc: up 33.3 pct Soars on deal with Walgreens to sell opioid use treatment ** IMAX Corp: down 3.5 pct Box office weakness to weigh on Q4 results - Canaccord ** Clementia Pharmaceuticals Inc: up 74.2 pct Surges on $1.31 bln buyout deal with Ipsen ** Scworx Corp: up 3.2 pct Scworx Corp: Surges on service deal with healthcare provider ** Goodyear Tire & Rubber Co: up 4.1 pct Rises on board director's vote of confidence ** Windstream Holdings Inc: down 24.3 pct Sinks on report of bankruptcy filing, drags Uniti ** Kraft Heinz Company: down 2.0 pct Turns negative as Buffett says "overpaid" for stake ** Uniqure NV: up 30.6 pct ** Ophthotech Corp: up 3.6 pct ** Voyager Therapeutics: up 7.9 pct ** Solid Biosciences: up 9.5 pct ** BioMarin Pharma: up 4.5 pct UniQure, Solid Biosciences rise on Roche's$4.3 bln Spark deal Poised for record high on Roche's$4.3 bln buyout deal Pfizer, Novartis could have made bids for Spark ** Advanced Micro Devices Inc: up 2.9 pct ** Micron Technology: up 1.1 pct ** Microchip Technology Inc: up 1.5 pct ** Intel Corp: up 1.6 pct ** Qualcomm Inc: up 0.4 pct Chip stocks gain after Trump delays tariff hike on Chinese goods ** Cronos Group Inc: down 5.0 pct Drops after Jefferies starts with "underperform" ** Microsoft Corp: up 0.7 pct Cloud opportunity "major tailwind" in 2019 - Wedbush ** Newmont Mining Corp: down 0.3 pct Flips course to head lower on Barrick's discounted offer The 11 major S&P 500 sectors: (Compiled By Arundhati Sarkar in Bengaluru) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks rose on Monday, boosted by technology and industrial companies, after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports and that he was "very, very close" on a trade deal. The top three S&P 500 percentage gainers: ** General Electric Co, up 9.2 pct ** Danaher, up 8 pct ** Goodyear Tire & Rubber Co, up 4 pct The top three S&P 500 percentage losers: ** Advance Auto Parts Inc, down 2.4 pct ** Extra Space Storage Inc, down 2.2 pct ** The Kraft Heinz Co, down 2 pct The top three NYSE percentage gainers: ** Gx Msci It Etf, up 40.2 pct ** Phoenix New Media, up 26.4 pct ** Planet Green Holdings Corp, up 21.7 pct The top three NYSE percentage losers: ** Sunlands Online Education Group, down 21.5 pct ** Genworth Financial Inc, down 13.7 pct ** Medley Llc, down 13.1 pct The top three Nasdaq percentage gainers: ** China Internet Nationwide Financial Services Inc, up 146.9 pct ** Spark Therapeutics Inc, up 120.1 pct ** Clementia Pharmaceuticals Inc, up 74.2 pct The top three Nasdaq percentage losers: ** Achieve Life Sciences Inc, down 21.7 pct ** Ramaco Resources Inc, down 12.8 pct ** Energous Corp, down 8.1 pct ** General Electric Co: up 9.2 pct GE surges, Danaher hits record high on "home run" biopharma deal ** Anaplan Inc: up 12.7 pct Surges to post-IPO high on Q4, forecast beat ** Nio Inc: up 9.8 pct Nio charges, Tesla gains after CBS 60 Minutes show on China EV market ** Titan Pharmaceuticals Inc: up 33.3 pct Soars on deal with Walgreens to sell opioid use treatment ** IMAX Corp: down 3.5 pct Box office weakness to weigh on Q4 results - Canaccord ** Clementia Pharmaceuticals Inc: up 74.2 pct Surges on $1.31 bln buyout deal with Ipsen ** Scworx Corp: up 3.2 pct Scworx Corp: Surges on service deal with healthcare provider ** Goodyear Tire & Rubber Co: up 4.1 pct Rises on board director's vote of confidence ** Windstream Holdings Inc: down 24.3 pct Sinks on report of bankruptcy filing, drags Uniti ** Kraft Heinz Company: down 2.0 pct Turns negative as Buffett says "overpaid" for stake ** Uniqure NV: up 30.6 pct ** Ophthotech Corp: up 3.6 pct ** Voyager Therapeutics: up 7.9 pct ** Solid Biosciences: up 9.5 pct ** BioMarin Pharma: up 4.5 pct UniQure, Solid Biosciences rise on Roche's$4.3 bln Spark deal Poised for record high on Roche's$4.3 bln buyout deal Pfizer, Novartis could have made bids for Spark ** Advanced Micro Devices Inc: up 2.9 pct ** Micron Technology: up 1.1 pct ** Microchip Technology Inc: up 1.5 pct ** Intel Corp: up 1.6 pct ** Qualcomm Inc: up 0.4 pct Chip stocks gain after Trump delays tariff hike on Chinese goods ** Cronos Group Inc: down 5.0 pct Drops after Jefferies starts with "underperform" ** Microsoft Corp: up 0.7 pct Cloud opportunity "major tailwind" in 2019 - Wedbush ** Newmont Mining Corp: down 0.3 pct Flips course to head lower on Barrick's discounted offer The 11 major S&P 500 sectors: (Compiled By Arundhati Sarkar in Bengaluru) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks rose on Monday, boosted by technology and industrial companies, after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports and that he was "very, very close" on a trade deal. The top three S&P 500 percentage gainers: ** General Electric Co, up 9.2 pct ** Danaher, up 8 pct ** Goodyear Tire & Rubber Co, up 4 pct The top three S&P 500 percentage losers: ** Advance Auto Parts Inc, down 2.4 pct ** Extra Space Storage Inc, down 2.2 pct ** The Kraft Heinz Co, down 2 pct The top three NYSE percentage gainers: ** Gx Msci It Etf, up 40.2 pct ** Phoenix New Media, up 26.4 pct ** Planet Green Holdings Corp, up 21.7 pct The top three NYSE percentage losers: ** Sunlands Online Education Group, down 21.5 pct ** Genworth Financial Inc, down 13.7 pct ** Medley Llc, down 13.1 pct The top three Nasdaq percentage gainers: ** China Internet Nationwide Financial Services Inc, up 146.9 pct ** Spark Therapeutics Inc, up 120.1 pct ** Clementia Pharmaceuticals Inc, up 74.2 pct The top three Nasdaq percentage losers: ** Achieve Life Sciences Inc, down 21.7 pct ** Ramaco Resources Inc, down 12.8 pct ** Energous Corp, down 8.1 pct ** General Electric Co: up 9.2 pct GE surges, Danaher hits record high on "home run" biopharma deal ** Anaplan Inc: up 12.7 pct Surges to post-IPO high on Q4, forecast beat ** Nio Inc: up 9.8 pct Nio charges, Tesla gains after CBS 60 Minutes show on China EV market ** Titan Pharmaceuticals Inc: up 33.3 pct Soars on deal with Walgreens to sell opioid use treatment ** IMAX Corp: down 3.5 pct Box office weakness to weigh on Q4 results - Canaccord ** Clementia Pharmaceuticals Inc: up 74.2 pct Surges on $1.31 bln buyout deal with Ipsen ** Scworx Corp: up 3.2 pct Scworx Corp: Surges on service deal with healthcare provider ** Goodyear Tire & Rubber Co: up 4.1 pct Rises on board director's vote of confidence ** Windstream Holdings Inc: down 24.3 pct Sinks on report of bankruptcy filing, drags Uniti ** Kraft Heinz Company: down 2.0 pct Turns negative as Buffett says "overpaid" for stake ** Uniqure NV: up 30.6 pct ** Ophthotech Corp: up 3.6 pct ** Voyager Therapeutics: up 7.9 pct ** Solid Biosciences: up 9.5 pct ** BioMarin Pharma: up 4.5 pct UniQure, Solid Biosciences rise on Roche's$4.3 bln Spark deal Poised for record high on Roche's$4.3 bln buyout deal Pfizer, Novartis could have made bids for Spark ** Advanced Micro Devices Inc: up 2.9 pct ** Micron Technology: up 1.1 pct ** Microchip Technology Inc: up 1.5 pct ** Intel Corp: up 1.6 pct ** Qualcomm Inc: up 0.4 pct Chip stocks gain after Trump delays tariff hike on Chinese goods ** Cronos Group Inc: down 5.0 pct Drops after Jefferies starts with "underperform" ** Microsoft Corp: up 0.7 pct Cloud opportunity "major tailwind" in 2019 - Wedbush ** Newmont Mining Corp: down 0.3 pct Flips course to head lower on Barrick's discounted offer The 11 major S&P 500 sectors: (Compiled By Arundhati Sarkar in Bengaluru) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11229.0
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2019-02-21 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Domino's, Bunge, Immune Design
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AAP
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https://www.nasdaq.com/articles/us-stocks-move-dominos-bunge-immune-design-2019-02-21
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nan
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
U.S. stocks fell on Thursday, pressured by weak economic data and a drop in healthcare shares led by Johnson & Johnson, with investors keeping a close watch on U.S.-China trade talks.
At 10:31 ET, the Dow Jones Industrial Average was down 0.36 percent at 25,862.12. The S&P 500 was down 0.43 percent at 2,772.62 and the Nasdaq Composite was down 0.64 percent at 7,441.07.
The top three S&P 500 percentage gainers:
** Albemarle Corp, up 6.1 pct
** Copart Inc, up 4.3 pct
** Norwegian Cruise Line Holdings, up 3.7 pct
The top three S&P 500 percentage losers:
** TechnipFMC Plc, down 7.3 pct
** Biogen Inc, down 3.8 pct
** Advance Auto Parts Inc, down 3 pct
The top three NYSE percentage gainers:
** Community Health Systems Inc, up 19.4 pct
** Delphi Technologies Plc, up 16.5 pct
** Timkensteel Corp, up 14.8 pct
The top three NYSE percentage losers:
** Libbey Inc, down 36.8 pct
** CAI Internationl, down 13.9 pct
** Vipshop Holdings Ltd, down 11.2 pct
The top three Nasdaq percentage gainers:
** Immune Design Corp, up 309.2 pct
** Zosano Pharma Corp, up 33.4 pct
** Adial Pharmaceuticals Inc, up 26.4 pct
The top three Nasdaq percentage losers:
** Carbon Black Inc, down 23 pct
** Datasea Inc, down 21.4 pct
** SpartanNash Co, down 14.8 pct
** Domino's Pizza Inc: down 8.3 pct
Domino's Pizza: Falls after first profit miss in at least 9 qtrs
** Bunge Ltd: down 5.0 pct
Bunge: Drops on Q4 profit miss
** Immune Design Corp: up 309.2 pct
Immune Design: Quadruples on Merck's buyout offer
** Johnson & Johnson: down 0.9 pct
Johnson & Johnson: Falls as co reveals federal subpoenas over talc litigation
** Biogen Inc: down 3.8 pct
Biogen: Stifel downgrades to "hold"
** Attunity Ltd: up 17.9 pct
Attunity: Jumps on buyout offer from Qlik
** Nike Inc: down 1.1 pct
Basketball player trips, Nike stock slips
** PG&E Corp: up 3.5 pct
PG&E extends deadline for board nominations
** ReWalk Robotics Ltd: down 18.4 pct
ReWalk Robotics Ltd: Slides after pricing share offering
** Community Health Systems Inc: up 21.9 pct
Community Health Systems: Jumps as Q4 results impress, Jefferies hikes PT
** Albemarle Corp: up 6.7 pct
Albemarle: Top gainer on S&P 500 after strong Q4 report
** United States Steel Corp: up 0.4 pct
U.S. Steel: Lifts as Berenberg upgrades to "buy", says steel cycle turning
** Copart Inc: up 4.2 pct
Copart: Investors bid up the online vehicle auctioneer on strong Q2
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Thursday, pressured by weak economic data and a drop in healthcare shares led by Johnson & Johnson, with investors keeping a close watch on U.S.-China trade talks. At 10:31 ET, the Dow Jones Industrial Average was down 0.36 percent at 25,862.12. The top three S&P 500 percentage gainers: ** Albemarle Corp, up 6.1 pct ** Copart Inc, up 4.3 pct ** Norwegian Cruise Line Holdings, up 3.7 pct The top three S&P 500 percentage losers: ** TechnipFMC Plc, down 7.3 pct ** Biogen Inc, down 3.8 pct ** Advance Auto Parts Inc, down 3 pct The top three NYSE percentage gainers: ** Community Health Systems Inc, up 19.4 pct ** Delphi Technologies Plc, up 16.5 pct ** Timkensteel Corp, up 14.8 pct The top three NYSE percentage losers: ** Libbey Inc, down 36.8 pct ** CAI Internationl, down 13.9 pct ** Vipshop Holdings Ltd, down 11.2 pct The top three Nasdaq percentage gainers: ** Immune Design Corp, up 309.2 pct ** Zosano Pharma Corp, up 33.4 pct ** Adial Pharmaceuticals Inc, up 26.4 pct The top three Nasdaq percentage losers: ** Carbon Black Inc, down 23 pct ** Datasea Inc, down 21.4 pct ** SpartanNash Co, down 14.8 pct ** Domino's Pizza Inc: down 8.3 pct Domino's Pizza: Falls after first profit miss in at least 9 qtrs ** Bunge Ltd: down 5.0 pct Bunge: Drops on Q4 profit miss ** Immune Design Corp: up 309.2 pct Immune Design: Quadruples on Merck's buyout offer ** Johnson & Johnson: down 0.9 pct Johnson & Johnson: Falls as co reveals federal subpoenas over talc litigation ** Biogen Inc: down 3.8 pct Biogen: Stifel downgrades to "hold" ** Attunity Ltd: up 17.9 pct Attunity: Jumps on buyout offer from Qlik ** Nike Inc: down 1.1 pct Basketball player trips, Nike stock slips ** PG&E Corp: up 3.5 pct PG&E extends deadline for board nominations ** ReWalk Robotics Ltd: down 18.4 pct ReWalk Robotics Ltd: Slides after pricing share offering ** Community Health Systems Inc: up 21.9 pct Community Health Systems: Jumps as Q4 results impress, Jefferies hikes PT ** Albemarle Corp: up 6.7 pct Albemarle: Top gainer on S&P 500 after strong Q4 report ** United States Steel Corp: up 0.4 pct U.S. Steel: Lifts as Berenberg upgrades to "buy", says steel cycle turning ** Copart Inc: up 4.2 pct Copart: Investors bid up the online vehicle auctioneer on strong Q2 The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Thursday, pressured by weak economic data and a drop in healthcare shares led by Johnson & Johnson, with investors keeping a close watch on U.S.-China trade talks. The S&P 500 was down 0.43 percent at 2,772.62 and the Nasdaq Composite was down 0.64 percent at 7,441.07. The top three S&P 500 percentage gainers: ** Albemarle Corp, up 6.1 pct ** Copart Inc, up 4.3 pct ** Norwegian Cruise Line Holdings, up 3.7 pct The top three S&P 500 percentage losers: ** TechnipFMC Plc, down 7.3 pct ** Biogen Inc, down 3.8 pct ** Advance Auto Parts Inc, down 3 pct The top three NYSE percentage gainers: ** Community Health Systems Inc, up 19.4 pct ** Delphi Technologies Plc, up 16.5 pct ** Timkensteel Corp, up 14.8 pct The top three NYSE percentage losers: ** Libbey Inc, down 36.8 pct ** CAI Internationl, down 13.9 pct ** Vipshop Holdings Ltd, down 11.2 pct The top three Nasdaq percentage gainers: ** Immune Design Corp, up 309.2 pct ** Zosano Pharma Corp, up 33.4 pct ** Adial Pharmaceuticals Inc, up 26.4 pct The top three Nasdaq percentage losers: ** Carbon Black Inc, down 23 pct ** Datasea Inc, down 21.4 pct ** SpartanNash Co, down 14.8 pct ** Domino's Pizza Inc: down 8.3 pct Domino's Pizza: Falls after first profit miss in at least 9 qtrs ** Bunge Ltd: down 5.0 pct Bunge: Drops on Q4 profit miss ** Immune Design Corp: up 309.2 pct Immune Design: Quadruples on Merck's buyout offer ** Johnson & Johnson: down 0.9 pct Johnson & Johnson: Falls as co reveals federal subpoenas over talc litigation ** Biogen Inc: down 3.8 pct Biogen: Stifel downgrades to "hold" ** Attunity Ltd: up 17.9 pct Attunity: Jumps on buyout offer from Qlik ** Nike Inc: down 1.1 pct Basketball player trips, Nike stock slips ** PG&E Corp: up 3.5 pct PG&E extends deadline for board nominations ** ReWalk Robotics Ltd: down 18.4 pct ReWalk Robotics Ltd: Slides after pricing share offering ** Community Health Systems Inc: up 21.9 pct Community Health Systems: Jumps as Q4 results impress, Jefferies hikes PT ** Albemarle Corp: up 6.7 pct Albemarle: Top gainer on S&P 500 after strong Q4 report ** United States Steel Corp: up 0.4 pct U.S. Steel: Lifts as Berenberg upgrades to "buy", says steel cycle turning ** Copart Inc: up 4.2 pct Copart: Investors bid up the online vehicle auctioneer on strong Q2 The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At 10:31 ET, the Dow Jones Industrial Average was down 0.36 percent at 25,862.12. The S&P 500 was down 0.43 percent at 2,772.62 and the Nasdaq Composite was down 0.64 percent at 7,441.07. The top three S&P 500 percentage gainers: ** Albemarle Corp, up 6.1 pct ** Copart Inc, up 4.3 pct ** Norwegian Cruise Line Holdings, up 3.7 pct The top three S&P 500 percentage losers: ** TechnipFMC Plc, down 7.3 pct ** Biogen Inc, down 3.8 pct ** Advance Auto Parts Inc, down 3 pct The top three NYSE percentage gainers: ** Community Health Systems Inc, up 19.4 pct ** Delphi Technologies Plc, up 16.5 pct ** Timkensteel Corp, up 14.8 pct The top three NYSE percentage losers: ** Libbey Inc, down 36.8 pct ** CAI Internationl, down 13.9 pct ** Vipshop Holdings Ltd, down 11.2 pct The top three Nasdaq percentage gainers: ** Immune Design Corp, up 309.2 pct ** Zosano Pharma Corp, up 33.4 pct ** Adial Pharmaceuticals Inc, up 26.4 pct The top three Nasdaq percentage losers: ** Carbon Black Inc, down 23 pct ** Datasea Inc, down 21.4 pct ** SpartanNash Co, down 14.8 pct ** Domino's Pizza Inc: down 8.3 pct Domino's Pizza: Falls after first profit miss in at least 9 qtrs ** Bunge Ltd: down 5.0 pct Bunge: Drops on Q4 profit miss ** Immune Design Corp: up 309.2 pct Immune Design: Quadruples on Merck's buyout offer ** Johnson & Johnson: down 0.9 pct Johnson & Johnson: Falls as co reveals federal subpoenas over talc litigation ** Biogen Inc: down 3.8 pct Biogen: Stifel downgrades to "hold" ** Attunity Ltd: up 17.9 pct Attunity: Jumps on buyout offer from Qlik ** Nike Inc: down 1.1 pct Basketball player trips, Nike stock slips ** PG&E Corp: up 3.5 pct PG&E extends deadline for board nominations ** ReWalk Robotics Ltd: down 18.4 pct ReWalk Robotics Ltd: Slides after pricing share offering ** Community Health Systems Inc: up 21.9 pct Community Health Systems: Jumps as Q4 results impress, Jefferies hikes PT ** Albemarle Corp: up 6.7 pct Albemarle: Top gainer on S&P 500 after strong Q4 report ** United States Steel Corp: up 0.4 pct U.S. Steel: Lifts as Berenberg upgrades to "buy", says steel cycle turning ** Copart Inc: up 4.2 pct Copart: Investors bid up the online vehicle auctioneer on strong Q2 The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Thursday, pressured by weak economic data and a drop in healthcare shares led by Johnson & Johnson, with investors keeping a close watch on U.S.-China trade talks. At 10:31 ET, the Dow Jones Industrial Average was down 0.36 percent at 25,862.12. The S&P 500 was down 0.43 percent at 2,772.62 and the Nasdaq Composite was down 0.64 percent at 7,441.07.
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11230.0
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2019-02-20 00:00:00 UTC
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Company News For Feb 20, 2019
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AAP
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https://www.nasdaq.com/articles/company-news-for-feb-20-2019-2019-02-20
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nan
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nan
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Advance Auto Parts, Inc.'s AAP shares declined 1.7% after the company reported fourth quarter 2018 earnings per share of $1.17, below the previous quarter's earnings of $1.89 a share
Medtronic plc's MDT shares gained 0.1% after reporting third quarter fiscal 2019 earnings per share of $1.29, higher than the Zacks Consensus Estimate of $1.24 a share
Shares of HSBC Holdings plc HSBC decreased 3% after the company reported fourth quarter 2018 earnings per share of $0.40, lower than the Zacks Consensus Estimate of $0.95 a share
Shares of JELD-WEN Holding, Inc. JELD rallied 15.8% after reporting fourth quarter 2018 earnings per share of $0.41, surpassing the Zacks Consensus Estimate of $0.35 a share
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
HSBC Holdings plc (HSBC): Free Stock Analysis Report
JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report
Medtronic PLC (MDT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc.'s AAP shares declined 1.7% after the company reported fourth quarter 2018 earnings per share of $1.17, below the previous quarter's earnings of $1.89 a share Medtronic plc's MDT shares gained 0.1% after reporting third quarter fiscal 2019 earnings per share of $1.29, higher than the Zacks Consensus Estimate of $1.24 a share Shares of HSBC Holdings plc HSBC decreased 3% after the company reported fourth quarter 2018 earnings per share of $0.40, lower than the Zacks Consensus Estimate of $0.95 a share Shares of JELD-WEN Holding, Inc. JELD rallied 15.8% after reporting fourth quarter 2018 earnings per share of $0.41, surpassing the Zacks Consensus Estimate of $0.35 a share Want the latest recommendations from Zacks Investment Research? Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report HSBC Holdings plc (HSBC): Free Stock Analysis Report JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report Medtronic PLC (MDT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc.'s AAP shares declined 1.7% after the company reported fourth quarter 2018 earnings per share of $1.17, below the previous quarter's earnings of $1.89 a share Medtronic plc's MDT shares gained 0.1% after reporting third quarter fiscal 2019 earnings per share of $1.29, higher than the Zacks Consensus Estimate of $1.24 a share Shares of HSBC Holdings plc HSBC decreased 3% after the company reported fourth quarter 2018 earnings per share of $0.40, lower than the Zacks Consensus Estimate of $0.95 a share Shares of JELD-WEN Holding, Inc. JELD rallied 15.8% after reporting fourth quarter 2018 earnings per share of $0.41, surpassing the Zacks Consensus Estimate of $0.35 a share Want the latest recommendations from Zacks Investment Research? Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report HSBC Holdings plc (HSBC): Free Stock Analysis Report JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report Medtronic PLC (MDT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc.'s AAP shares declined 1.7% after the company reported fourth quarter 2018 earnings per share of $1.17, below the previous quarter's earnings of $1.89 a share Medtronic plc's MDT shares gained 0.1% after reporting third quarter fiscal 2019 earnings per share of $1.29, higher than the Zacks Consensus Estimate of $1.24 a share Shares of HSBC Holdings plc HSBC decreased 3% after the company reported fourth quarter 2018 earnings per share of $0.40, lower than the Zacks Consensus Estimate of $0.95 a share Shares of JELD-WEN Holding, Inc. JELD rallied 15.8% after reporting fourth quarter 2018 earnings per share of $0.41, surpassing the Zacks Consensus Estimate of $0.35 a share Want the latest recommendations from Zacks Investment Research? Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report HSBC Holdings plc (HSBC): Free Stock Analysis Report JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report Medtronic PLC (MDT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc.'s AAP shares declined 1.7% after the company reported fourth quarter 2018 earnings per share of $1.17, below the previous quarter's earnings of $1.89 a share Medtronic plc's MDT shares gained 0.1% after reporting third quarter fiscal 2019 earnings per share of $1.29, higher than the Zacks Consensus Estimate of $1.24 a share Shares of HSBC Holdings plc HSBC decreased 3% after the company reported fourth quarter 2018 earnings per share of $0.40, lower than the Zacks Consensus Estimate of $0.95 a share Shares of JELD-WEN Holding, Inc. JELD rallied 15.8% after reporting fourth quarter 2018 earnings per share of $0.41, surpassing the Zacks Consensus Estimate of $0.35 a share Want the latest recommendations from Zacks Investment Research? Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report HSBC Holdings plc (HSBC): Free Stock Analysis Report JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report Medtronic PLC (MDT): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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11231.0
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2019-02-20 00:00:00 UTC
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Advance Auto Parts (AAP) Q4 Earnings Beat Estimates, Up Y/Y
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q4-earnings-beat-estimates-up-y-y-2019-02-20
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Advance Auto Parts, Inc.AAP reported adjusted earnings of $1.17 per share in fourth-quarter 2018 (ended Dec 29, 2018), up from 77 cents in the prior-year quarter. The figure surpassed the Zacks Consensus Estimate of $1.14. Adjusted operating income increased 11.7% year over year to $127.1 million.
Advance Auto Parts reported net revenues of $2.1 billion, almost in line with the Zacks Consensus Estimate. Revenues were 3.3% higher than the year-ago quarter. During the quarter under review, comparable store sales were 3.4% higher year over year.
Gross profit was $928.6 million in the reported quarter, higher than the prior-year quarter figure of $873.6 million. Gross Profit margin increased 120 basis points year over year to 44.1%.
Adjusted selling, general and administrative (SG&A) expenses totaled $802.4 million compared with $759.9 million in the year-ago period.
2018 Results
For 2018, Advance Auto Parts reported adjusted earnings per share of $7.13, up from the 2017 figure of $5.37.
For 2018, revenues were $9.6 billion, up from the 2017 figure of $9.4 billion.
Advance Auto Parts, Inc. Price, Consensus and EPS Surprise
Advance Auto Parts, Inc. Price, Consensus and EPS Surprise | Advance Auto Parts, Inc. Quote
Financial Position
Advance Auto Parts had cash and cash equivalents of $896.5 million as of Dec 29, 2018, up from $546.9 million as of Dec 30, 2017. The total long-term debt was $1.05 billion as of Dec 29, 2018, higher than $1.04 billion as of Dec 30, 2017.
In fourth-quarter 2018, operating cash flow was $811 million, up 35% year over year.
Dividend & Share Repurchase
On Feb 11, 2019, Advance Auto Parts' board approved a cash dividend of 6 cents per share to be paid as of Apr 5, 2019, for shareholders of record as of Mar 22, 2019.
On Aug 8, 2018, the board of directors authorized a $600-million share repurchase program, replacing the existing $500-million share repurchase program. Under this program, the company repurchased 1.7 million shares for $272.8 million in 2018. Subsequently, it also bought back 0.8 million common shares for $172.2 million. Presently, Advance Auto Parts has $200 million remaining under the share repurchase program.
Store Update
As of Dec 29, 2018, Advance Auto Parts operated 4,966 stores and 143 Worldpac branches, and served approximately 1,231 independently-owned Carquest stores.
Zacks Rank & Stocks to Consider
Advance Auto Parts currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto space are Oshkosh Corp. OSK , General Motors Company GM , and American Axle & Manufacturing Holdings, Inc. AXL . While Oshkosh currently sports a Zacks Rank #1 (Strong Buy), both General Motors and American Axle & Manufacturing has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Oshkosh has an expected long-term growth rate of 11.3%. Over the past three months, shares of the company have surged 21.7%.
General Motors has an expected long-term growth rate of 8.5%. Over the past three months, shares of the company have risen 12.7%.
American Axle & Manufacturing has an expected long-term growth rate of 8.1%. Over the past three months, shares of the company have risen 44.8%.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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
General Motors Company (GM): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report
Oshkosh Corporation (OSK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc.AAP reported adjusted earnings of $1.17 per share in fourth-quarter 2018 (ended Dec 29, 2018), up from 77 cents in the prior-year quarter. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Oshkosh Corporation (OSK): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts reported net revenues of $2.1 billion, almost in line with the Zacks Consensus Estimate.
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Click to get this free report General Motors Company (GM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Oshkosh Corporation (OSK): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc.AAP reported adjusted earnings of $1.17 per share in fourth-quarter 2018 (ended Dec 29, 2018), up from 77 cents in the prior-year quarter. Advance Auto Parts, Inc. Price, Consensus and EPS Surprise Advance Auto Parts, Inc. Price, Consensus and EPS Surprise | Advance Auto Parts, Inc. Quote Financial Position Advance Auto Parts had cash and cash equivalents of $896.5 million as of Dec 29, 2018, up from $546.9 million as of Dec 30, 2017.
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Click to get this free report General Motors Company (GM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Oshkosh Corporation (OSK): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc.AAP reported adjusted earnings of $1.17 per share in fourth-quarter 2018 (ended Dec 29, 2018), up from 77 cents in the prior-year quarter. Advance Auto Parts, Inc. Price, Consensus and EPS Surprise Advance Auto Parts, Inc. Price, Consensus and EPS Surprise | Advance Auto Parts, Inc. Quote Financial Position Advance Auto Parts had cash and cash equivalents of $896.5 million as of Dec 29, 2018, up from $546.9 million as of Dec 30, 2017.
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Advance Auto Parts, Inc.AAP reported adjusted earnings of $1.17 per share in fourth-quarter 2018 (ended Dec 29, 2018), up from 77 cents in the prior-year quarter. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Oshkosh Corporation (OSK): Free Stock Analysis Report To read this article on Zacks.com click here. Under this program, the company repurchased 1.7 million shares for $272.8 million in 2018.
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11232.0
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2019-02-19 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Walmart, Weight Watchers, Intercept Pharma, Mattel
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AAP
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https://www.nasdaq.com/articles/us-stocks-move-walmart-weight-watchers-intercept-pharma-mattel-2019-02-19
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The Day Ahead newsletter:
The Morning News Call newsletter:
U.S. stocks opened lower on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China.
The top three S&P 500 percentage gainers:
** Advance Auto Parts Inc, up 3.9 pct
** Walmart Inc, up 3.4 pct
** Western Digital Corp, up 2.3 pct
The top three S&P 500 percentage losers:
** Mattel Inc, down 4.8 pct
** Allegion PLC, down 4.5 pct
** Noble Energy Inc, down 2.6 pct
The top three NYSE percentage gainers:
** eHi Car Services Ltd, up 13.6 pct
** Kraton Corp, up 10.4 pct
** Superior Energy Services Inc, up 10.8 pct
The top three NYSE percentage losers:
** Service Corporation International, down 9.2 pct
** NCI Building Systems Inc, down 8.3 pct
** Helix Energy Solutions Group Inc, down 8.2 pct
The top three Nasdaq percentage gainers:
** Art's Way manufacturing Co Inc, up 78.2 pct
** Riot Blockchain Inc, up 19.6 pct
** MediciNova Inc, up 16.6 pct
The top three Nasdaq percentage losers:
** Uniti Group Inc, down 43.3 pct
** Motif Bio PLC, down 22.1 pct
** Grindrod Shipping Holdings Ltd, down 9.4 pct
** Walmart Inc : up 3.4 pct
Walmart: Adds to gains on Q4 EPS beat, dividend hike
** Weight Watchers International Inc: down 7.8 pct
Weight Watchers: JPM downgrades as daily active users continue to fall
** Windstream Holdings Inc : down 63.8 pct
** Uniti Group Inc, down 43.3 pct
Windstream Holdings: Poised for record low on surprise litigation loss
** NetEase Inc : up 4.1 pct
** Amazon.com Inc : up 0.3 pct
NetEase: Up on report of Amazon interest in e-commerce unit
** Intercept Pharmaceuticals Inc : up 11.8 pct
Surges after liver drug succeeds late-stage study
** Navient Corporation : up 6.1 pct
Jumps as rejected takeover bid puts student-loan Co in play
** Consolidated Communications Holdings Inc:down 3.7 pct
** Frontier Communications Corporation : down 3.0 pct
Raymond James downgrades Consolidated Communications, Frontier
** KLA-Tencor Corporation : up 1.4 pct
** Orbotech Ltd : up 5.3 pct
KLA-Tencor, Orbotech gain on China clearance for merger
** PG&E Corp: up 4.8 pct
Jumps as Citi hits 'buy' on hopes of California legislation
** Bioblast Pharma Ltd: up 40.9 pct
Jumps on sale of drug to treat rare genetic diseases
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks opened lower on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China. The top three S&P 500 percentage gainers: ** Advance Auto Parts Inc, up 3.9 pct ** Walmart Inc, up 3.4 pct ** Western Digital Corp, up 2.3 pct The top three S&P 500 percentage losers: ** Mattel Inc, down 4.8 pct ** Allegion PLC, down 4.5 pct ** Noble Energy Inc, down 2.6 pct The top three NYSE percentage gainers: ** eHi Car Services Ltd, up 13.6 pct ** Kraton Corp, up 10.4 pct ** Superior Energy Services Inc, up 10.8 pct The top three NYSE percentage losers: ** Service Corporation International, down 9.2 pct ** NCI Building Systems Inc, down 8.3 pct ** Helix Energy Solutions Group Inc, down 8.2 pct The top three Nasdaq percentage gainers: ** Art's Way manufacturing Co Inc, up 78.2 pct ** Riot Blockchain Inc, up 19.6 pct ** MediciNova Inc, up 16.6 pct The top three Nasdaq percentage losers: ** Uniti Group Inc, down 43.3 pct ** Motif Bio PLC, down 22.1 pct ** Grindrod Shipping Holdings Ltd, down 9.4 pct ** Walmart Inc : up 3.4 pct Walmart: Adds to gains on Q4 EPS beat, dividend hike ** Weight Watchers International Inc: down 7.8 pct Weight Watchers: JPM downgrades as daily active users continue to fall ** Windstream Holdings Inc : down 63.8 pct ** Uniti Group Inc, down 43.3 pct Windstream Holdings: Poised for record low on surprise litigation loss ** NetEase Inc : up 4.1 pct ** Amazon.com Inc : up 0.3 pct NetEase: Up on report of Amazon interest in e-commerce unit ** Intercept Pharmaceuticals Inc : up 11.8 pct Surges after liver drug succeeds late-stage study ** Navient Corporation : up 6.1 pct Jumps as rejected takeover bid puts student-loan Co in play ** Consolidated Communications Holdings Inc:down 3.7 pct ** Frontier Communications Corporation : down 3.0 pct Raymond James downgrades Consolidated Communications, Frontier ** KLA-Tencor Corporation : up 1.4 pct ** Orbotech Ltd : up 5.3 pct KLA-Tencor, Orbotech gain on China clearance for merger ** PG&E Corp: up 4.8 pct Jumps as Citi hits 'buy' on hopes of California legislation ** Bioblast Pharma Ltd: up 40.9 pct Jumps on sale of drug to treat rare genetic diseases The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks opened lower on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China. The top three S&P 500 percentage gainers: ** Advance Auto Parts Inc, up 3.9 pct ** Walmart Inc, up 3.4 pct ** Western Digital Corp, up 2.3 pct The top three S&P 500 percentage losers: ** Mattel Inc, down 4.8 pct ** Allegion PLC, down 4.5 pct ** Noble Energy Inc, down 2.6 pct The top three NYSE percentage gainers: ** eHi Car Services Ltd, up 13.6 pct ** Kraton Corp, up 10.4 pct ** Superior Energy Services Inc, up 10.8 pct The top three NYSE percentage losers: ** Service Corporation International, down 9.2 pct ** NCI Building Systems Inc, down 8.3 pct ** Helix Energy Solutions Group Inc, down 8.2 pct The top three Nasdaq percentage gainers: ** Art's Way manufacturing Co Inc, up 78.2 pct ** Riot Blockchain Inc, up 19.6 pct ** MediciNova Inc, up 16.6 pct The top three Nasdaq percentage losers: ** Uniti Group Inc, down 43.3 pct ** Motif Bio PLC, down 22.1 pct ** Grindrod Shipping Holdings Ltd, down 9.4 pct ** Walmart Inc : up 3.4 pct Walmart: Adds to gains on Q4 EPS beat, dividend hike ** Weight Watchers International Inc: down 7.8 pct Weight Watchers: JPM downgrades as daily active users continue to fall ** Windstream Holdings Inc : down 63.8 pct ** Uniti Group Inc, down 43.3 pct Windstream Holdings: Poised for record low on surprise litigation loss ** NetEase Inc : up 4.1 pct ** Amazon.com Inc : up 0.3 pct NetEase: Up on report of Amazon interest in e-commerce unit ** Intercept Pharmaceuticals Inc : up 11.8 pct Surges after liver drug succeeds late-stage study ** Navient Corporation : up 6.1 pct Jumps as rejected takeover bid puts student-loan Co in play ** Consolidated Communications Holdings Inc:down 3.7 pct ** Frontier Communications Corporation : down 3.0 pct Raymond James downgrades Consolidated Communications, Frontier ** KLA-Tencor Corporation : up 1.4 pct ** Orbotech Ltd : up 5.3 pct KLA-Tencor, Orbotech gain on China clearance for merger ** PG&E Corp: up 4.8 pct Jumps as Citi hits 'buy' on hopes of California legislation ** Bioblast Pharma Ltd: up 40.9 pct Jumps on sale of drug to treat rare genetic diseases The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks opened lower on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China. The top three S&P 500 percentage gainers: ** Advance Auto Parts Inc, up 3.9 pct ** Walmart Inc, up 3.4 pct ** Western Digital Corp, up 2.3 pct The top three S&P 500 percentage losers: ** Mattel Inc, down 4.8 pct ** Allegion PLC, down 4.5 pct ** Noble Energy Inc, down 2.6 pct The top three NYSE percentage gainers: ** eHi Car Services Ltd, up 13.6 pct ** Kraton Corp, up 10.4 pct ** Superior Energy Services Inc, up 10.8 pct The top three NYSE percentage losers: ** Service Corporation International, down 9.2 pct ** NCI Building Systems Inc, down 8.3 pct ** Helix Energy Solutions Group Inc, down 8.2 pct The top three Nasdaq percentage gainers: ** Art's Way manufacturing Co Inc, up 78.2 pct ** Riot Blockchain Inc, up 19.6 pct ** MediciNova Inc, up 16.6 pct The top three Nasdaq percentage losers: ** Uniti Group Inc, down 43.3 pct ** Motif Bio PLC, down 22.1 pct ** Grindrod Shipping Holdings Ltd, down 9.4 pct ** Walmart Inc : up 3.4 pct Walmart: Adds to gains on Q4 EPS beat, dividend hike ** Weight Watchers International Inc: down 7.8 pct Weight Watchers: JPM downgrades as daily active users continue to fall ** Windstream Holdings Inc : down 63.8 pct ** Uniti Group Inc, down 43.3 pct Windstream Holdings: Poised for record low on surprise litigation loss ** NetEase Inc : up 4.1 pct ** Amazon.com Inc : up 0.3 pct NetEase: Up on report of Amazon interest in e-commerce unit ** Intercept Pharmaceuticals Inc : up 11.8 pct Surges after liver drug succeeds late-stage study ** Navient Corporation : up 6.1 pct Jumps as rejected takeover bid puts student-loan Co in play ** Consolidated Communications Holdings Inc:down 3.7 pct ** Frontier Communications Corporation : down 3.0 pct Raymond James downgrades Consolidated Communications, Frontier ** KLA-Tencor Corporation : up 1.4 pct ** Orbotech Ltd : up 5.3 pct KLA-Tencor, Orbotech gain on China clearance for merger ** PG&E Corp: up 4.8 pct Jumps as Citi hits 'buy' on hopes of California legislation ** Bioblast Pharma Ltd: up 40.9 pct Jumps on sale of drug to treat rare genetic diseases The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks opened lower on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China. The top three S&P 500 percentage gainers: ** Advance Auto Parts Inc, up 3.9 pct ** Walmart Inc, up 3.4 pct ** Western Digital Corp, up 2.3 pct The top three S&P 500 percentage losers: ** Mattel Inc, down 4.8 pct ** Allegion PLC, down 4.5 pct ** Noble Energy Inc, down 2.6 pct The top three NYSE percentage gainers: ** eHi Car Services Ltd, up 13.6 pct ** Kraton Corp, up 10.4 pct ** Superior Energy Services Inc, up 10.8 pct The top three NYSE percentage losers: ** Service Corporation International, down 9.2 pct ** NCI Building Systems Inc, down 8.3 pct ** Helix Energy Solutions Group Inc, down 8.2 pct The top three Nasdaq percentage gainers: ** Art's Way manufacturing Co Inc, up 78.2 pct ** Riot Blockchain Inc, up 19.6 pct ** MediciNova Inc, up 16.6 pct The top three Nasdaq percentage losers: ** Uniti Group Inc, down 43.3 pct ** Motif Bio PLC, down 22.1 pct ** Grindrod Shipping Holdings Ltd, down 9.4 pct ** Walmart Inc : up 3.4 pct Walmart: Adds to gains on Q4 EPS beat, dividend hike ** Weight Watchers International Inc: down 7.8 pct Weight Watchers: JPM downgrades as daily active users continue to fall ** Windstream Holdings Inc : down 63.8 pct ** Uniti Group Inc, down 43.3 pct Windstream Holdings: Poised for record low on surprise litigation loss ** NetEase Inc : up 4.1 pct ** Amazon.com Inc : up 0.3 pct NetEase: Up on report of Amazon interest in e-commerce unit ** Intercept Pharmaceuticals Inc : up 11.8 pct Surges after liver drug succeeds late-stage study ** Navient Corporation : up 6.1 pct Jumps as rejected takeover bid puts student-loan Co in play ** Consolidated Communications Holdings Inc:down 3.7 pct ** Frontier Communications Corporation : down 3.0 pct Raymond James downgrades Consolidated Communications, Frontier ** KLA-Tencor Corporation : up 1.4 pct ** Orbotech Ltd : up 5.3 pct KLA-Tencor, Orbotech gain on China clearance for merger ** PG&E Corp: up 4.8 pct Jumps as Citi hits 'buy' on hopes of California legislation ** Bioblast Pharma Ltd: up 40.9 pct Jumps on sale of drug to treat rare genetic diseases The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11233.0
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2019-02-19 00:00:00 UTC
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Consumer Sector Update for 02/19/2019: WMT, HMC, AAP, WMT, MCD, DIS, CVS, KO
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AAP
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https://www.nasdaq.com/articles/consumer-sector-update-02192019-wmt-hmc-aap-wmt-mcd-dis-cvs-ko-2019-02-19
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nan
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Top Consumer Stocks:
WMT: +3.34%
MCD: +0.81%
DIS: -0.30%
CVS: +1.11%
KO: +0.27%
Most consumer stocks were advancing in Tuesday's pre-bell trading.
Stocks moving on news include:
(+) Walmart ( WMT ), which was more than 2% higher after booking Q4 fiscal 2019 adjusted earnings per share of $1.41, beating the Capital IQ consensus forecast of $1.33.
(=) Honda Motor ( HMC ) was flat after reports that the company is planning to close its manufacturing facility in Swindon, in the UK in 2021, a move that is seen by trade groups as a serious blow to the government's efforts to bolster the manufacturing industry in the UK after Brexit.
In other sector news:
(+) Advance Auto Parts ( AAP ) was slightly higher after i t report ed Q4 adjusted earnings of $1.17 per share, up from $0.77 in the comparable period a year ago and topping the estimate of $1.13 from analysts polled by Capital IQ.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news: (+) Advance Auto Parts ( AAP ) was slightly higher after i t report ed Q4 adjusted earnings of $1.17 per share, up from $0.77 in the comparable period a year ago and topping the estimate of $1.13 from analysts polled by Capital IQ. Stocks moving on news include: (+) Walmart ( WMT ), which was more than 2% higher after booking Q4 fiscal 2019 adjusted earnings per share of $1.41, beating the Capital IQ consensus forecast of $1.33. (=) Honda Motor ( HMC ) was flat after reports that the company is planning to close its manufacturing facility in Swindon, in the UK in 2021, a move that is seen by trade groups as a serious blow to the government's efforts to bolster the manufacturing industry in the UK after Brexit.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In other sector news: (+) Advance Auto Parts ( AAP ) was slightly higher after i t report ed Q4 adjusted earnings of $1.17 per share, up from $0.77 in the comparable period a year ago and topping the estimate of $1.13 from analysts polled by Capital IQ. Top Consumer Stocks:
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In other sector news: (+) Advance Auto Parts ( AAP ) was slightly higher after i t report ed Q4 adjusted earnings of $1.17 per share, up from $0.77 in the comparable period a year ago and topping the estimate of $1.13 from analysts polled by Capital IQ. Stocks moving on news include: (+) Walmart ( WMT ), which was more than 2% higher after booking Q4 fiscal 2019 adjusted earnings per share of $1.41, beating the Capital IQ consensus forecast of $1.33. (=) Honda Motor ( HMC ) was flat after reports that the company is planning to close its manufacturing facility in Swindon, in the UK in 2021, a move that is seen by trade groups as a serious blow to the government's efforts to bolster the manufacturing industry in the UK after Brexit.
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In other sector news: (+) Advance Auto Parts ( AAP ) was slightly higher after i t report ed Q4 adjusted earnings of $1.17 per share, up from $0.77 in the comparable period a year ago and topping the estimate of $1.13 from analysts polled by Capital IQ. Top Consumer Stocks: (=) Honda Motor ( HMC ) was flat after reports that the company is planning to close its manufacturing facility in Swindon, in the UK in 2021, a move that is seen by trade groups as a serious blow to the government's efforts to bolster the manufacturing industry in the UK after Brexit.
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11234.0
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2019-02-19 00:00:00 UTC
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US STOCKS-Futures dip ahead of fresh U.S.-China trade talks
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AAP
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https://www.nasdaq.com/articles/us-stocks-futures-dip-ahead-fresh-us-china-trade-talks-2019-02-19
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(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window.)
* Futures down: Dow 0.28 pct, S&P 0.32 pct, Nasdaq 0.29 pct
By Shreyashi Sanyal
Trade negotiations between the world's two largest economieswill resume in Washington later in the day and will be followedby higher-level talks on Thursday. urn:newsml:reuters.com:*:nL1N20E02U
Hopes that the two countries will hammer out a deal to endtheir protracted trade war have sparked a rally in U.S. stocks,with the S&P 500 .SPX and the Nasdaq .IXIC logging theirbest week in a month on Friday.
Both sides have said progress has been made, but few detailshave emerged from the talks so far.
Tariff-vulnerable industrial companies such as Boeing CoBA.N dropped 0.3 percent and Caterpillar IncCAT.N 0.1percent in premarket trading.
The World Trade Organization said its quarterly outlookindicator of world merchandise trade slumped to its lowestreading in nine years, putting policymakers on guard for asharper slowdown if trade tensions continue. urn:newsml:reuters.com:*:nL5N20E2LU
In a bright spot, shares of retailer Walmart IncWMT.N jumped 4.6 percent after reporting an estimate-beating jump inholiday quarter comparable sales, which grew for the 18thconsecutive quarter. urn:newsml:reuters.com:*:nL3N20E21J
Walmart's results follow a shockingly weak report from theU.S. Commerce Department last week that showed U.S. retail salesrecorded their biggest drop in more than nine years forDecember, stoking fears of an economic slowdown. urn:newsml:reuters.com:*:nL1N2081MC
At 7:19 a.m. ET, Dow e-minis 1YMc1 were down 72 points, or0.28 percent. S&P 500 e-minis ESc1 were down 9 points, or 0.32percent and Nasdaq 100 e-minis NQc1 were down 20.5 points, or0.29 percent.
Advance Auto Parts IncAAP.N dropped 2.9 percent after thecompany reported quarterly revenue in line with Wall Streetestimates. urn:newsml:reuters.com:*:nASB01853
Shares of weight management services provider WeightWatchers International IncWTW.O slid 5 percent after J.P.Morgan downgraded the stock. urn:newsml:reuters.com:*:nL3N20E370
With nearly 80 percent of S&P 500 companies having reportedearnings reports so far, analysts now see a profit increase forthe group of 16.2 percent for the fourth quarter, according toRefinitiv data.
However, the current quarter does not look all that upbeat,with earnings expected to fall by 0.5 percent, their firstyear-on-year decline since mid-2016. (Reporting by Shreyashi Sanyal and Sruthi Shankar in Bengaluru;Editing by Anil D'Silva) ((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780 ;Reuters Messaging:Shreyashi.Sanyal.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts IncAAP.N dropped 2.9 percent after thecompany reported quarterly revenue in line with Wall Streetestimates. urn:newsml:reuters.com:*:nL1N20E02U Hopes that the two countries will hammer out a deal to endtheir protracted trade war have sparked a rally in U.S. stocks,with the S&P 500 .SPX and the Nasdaq .IXIC logging theirbest week in a month on Friday. Commerce Department last week that showed U.S. retail salesrecorded their biggest drop in more than nine years forDecember, stoking fears of an economic slowdown.
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Advance Auto Parts IncAAP.N dropped 2.9 percent after thecompany reported quarterly revenue in line with Wall Streetestimates. * Futures down: Dow 0.28 pct, S&P 0.32 pct, Nasdaq 0.29 pct By Shreyashi Sanyal Trade negotiations between the world's two largest economieswill resume in Washington later in the day and will be followedby higher-level talks on Thursday. urn:newsml:reuters.com:*:nL5N20E2LU In a bright spot, shares of retailer Walmart IncWMT.N jumped 4.6 percent after reporting an estimate-beating jump inholiday quarter comparable sales, which grew for the 18thconsecutive quarter.
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Advance Auto Parts IncAAP.N dropped 2.9 percent after thecompany reported quarterly revenue in line with Wall Streetestimates. The World Trade Organization said its quarterly outlookindicator of world merchandise trade slumped to its lowestreading in nine years, putting policymakers on guard for asharper slowdown if trade tensions continue. urn:newsml:reuters.com:*:nL5N20E2LU In a bright spot, shares of retailer Walmart IncWMT.N jumped 4.6 percent after reporting an estimate-beating jump inholiday quarter comparable sales, which grew for the 18thconsecutive quarter.
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Advance Auto Parts IncAAP.N dropped 2.9 percent after thecompany reported quarterly revenue in line with Wall Streetestimates. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window.) * Futures down: Dow 0.28 pct, S&P 0.32 pct, Nasdaq 0.29 pct By Shreyashi Sanyal Trade negotiations between the world's two largest economieswill resume in Washington later in the day and will be followedby higher-level talks on Thursday.
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Futures dip ahead of fresh U.S.-China trade talks
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https://www.nasdaq.com/articles/futures-dip-ahead-fresh-us-china-trade-talks-2019-02-19
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By Shreyashi Sanyal
Feb 19 () - U.S. stock index futures dipped on Tuesday, as investors started a holiday-shortened week on a cautious note ahead of a fresh round of trade talks between the United States and China.
Trade negotiations between the world's two largest economies will resume in Washington later in the day and will be followed by higher-level talks on Thursday.
Both sides have said progress has been made, but few details have emerged from the talks so far.
Tariff-vulnerable industrial companies such as Boeing Co dropped 0.3 percent and Caterpillar Inc 0.1 percent in premarket trading.
The World Trade Organization said its quarterly outlook indicator of world merchandise trade slumped to its lowest reading in nine years, putting policymakers on guard for a sharper slowdown if trade tensions continue.
In a bright spot, shares of retailer Walmart Inc jumped 4.6 percent after reporting an estimate-beating jump in holiday quarter comparable sales, which grew for the 18th consecutive quarter.
Walmart's results follow a shockingly weak report from the U.S. Commerce Department last week that showed U.S. retail sales recorded their biggest drop in more than nine years for December, stoking fears of an economic slowdown.
At 7:19 a.m. ET, Dow e-minis were down 72 points, or 0.28 percent. S&P 500 e-minis were down 9 points, or 0.32 percent and Nasdaq 100 e-minis were down 20.5 points, or 0.29 percent.
Advance Auto Parts Inc dropped 2.9 percent after the company reported quarterly revenue in line with Wall Street estimates.
Shares of weight management services provider Weight Watchers International Inc slid 5 percent after J.P. Morgan downgraded the stock.
With nearly 80 percent of S&P 500 companies having reported earnings reports so far, analysts now see a profit increase for the group of 16.2 percent for the fourth quarter, according to Refinitiv data.
However, the current quarter does not look all that upbeat, with earnings expected to fall by 0.5 percent, their first year-on-year decline since mid-2016.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Shreyashi Sanyal Feb 19 () - U.S. stock index futures dipped on Tuesday, as investors started a holiday-shortened week on a cautious note ahead of a fresh round of trade talks between the United States and China. Walmart's results follow a shockingly weak report from the U.S. Commerce Department last week that showed U.S. retail sales recorded their biggest drop in more than nine years for December, stoking fears of an economic slowdown. Advance Auto Parts Inc dropped 2.9 percent after the company reported quarterly revenue in line with Wall Street estimates.
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In a bright spot, shares of retailer Walmart Inc jumped 4.6 percent after reporting an estimate-beating jump in holiday quarter comparable sales, which grew for the 18th consecutive quarter. S&P 500 e-minis were down 9 points, or 0.32 percent and Nasdaq 100 e-minis were down 20.5 points, or 0.29 percent. Advance Auto Parts Inc dropped 2.9 percent after the company reported quarterly revenue in line with Wall Street estimates.
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The World Trade Organization said its quarterly outlook indicator of world merchandise trade slumped to its lowest reading in nine years, putting policymakers on guard for a sharper slowdown if trade tensions continue. S&P 500 e-minis were down 9 points, or 0.32 percent and Nasdaq 100 e-minis were down 20.5 points, or 0.29 percent. With nearly 80 percent of S&P 500 companies having reported earnings reports so far, analysts now see a profit increase for the group of 16.2 percent for the fourth quarter, according to Refinitiv data.
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By Shreyashi Sanyal Feb 19 () - U.S. stock index futures dipped on Tuesday, as investors started a holiday-shortened week on a cautious note ahead of a fresh round of trade talks between the United States and China. Advance Auto Parts Inc dropped 2.9 percent after the company reported quarterly revenue in line with Wall Street estimates. With nearly 80 percent of S&P 500 companies having reported earnings reports so far, analysts now see a profit increase for the group of 16.2 percent for the fourth quarter, according to Refinitiv data.
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2019-02-19 00:00:00 UTC
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Advance Auto Parts (AAP) Q4 2018 Earnings Conference Call Transcript
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q4-2018-earnings-conference-call-transcript-2019-02-19
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Advance Auto Parts (NYSE: AAP)
Q4 2018 Earnings Conference Call
Feb. 19, 2019 8:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Welcome to the Advance Auto Parts fourth-quarter 2018 conference call. Before we begin, Elisabeth Eisleben, vice president, investor relations, will make a brief statement concerning forward-looking statements that will be discussed on this call.
Elisabeth Eisleben -- Vice President, Investor Relations
Good morning, and thank you for joining us to discuss our fourth-quarter and full-year 2018 results. I'm joined by Tom Greco, our president and chief executive officer; and Jeff Shepherd, our executive vice president, chief financial officer, controller and chief accounting officer. Following their prepared remarks, we will turn our attention to answering your questions. Before we begin, please be advised that our comments today may include forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995.
All actual results may differ materially from those projected in such statements due to a number of risks and uncertainties which are described in the Risk Factors section in the company's filings with the Securities and Exchange Commission. We maintain no duty to update forward-looking statements made. Additionally, our comments today include certain non-GAAP financial measures. We believe providing these measures helps investors gain a more complete understanding of our results and is consistent with how management views our financial results.
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Please refer to our quarterly press release and accompanying financial statements issued today for additional detail regarding the forward-looking statements and reconciliations to these non-GAAP financial measures to the most comparable GAAP measures referenced in today's call. The content of this call will be governed by the information contained in our earnings release and related financial statements. Now let me turn the call over to Tom Greco.
Tom Greco -- President and Chief Executive Officer
Thanks, Elisabeth. Good morning, and thank you for joining us today to discuss our fourth-quarter and full-year 2018 results. This was an exciting year for Advance, and I want to personally thank the entire Advance team and our network of Carquest independents for their unwavering commitment, focus and dedication to deliver meaningful progress toward our long-term strategic objectives throughout the year. In the fourth quarter, net sales increased 3.3% to $2.1 billion and comparable store sales were up 3.4%.
Our adjusted operating income margin of 6% increased 45 basis points compared to the prior-year quarter. And our adjusted earnings per share increased 51.9% to $1.17. Regarding our full-year 2018 performance, our net sales increased 2.2% to $9.6 billion, and we delivered a 2.3% increase in comparable store sales, our strongest annual growth rate since the acquisition of GPI. Adjusted operating income margin increased 51 basis points year over year to 7.8%, and our free cash flow was $617 million, an increase of $206 million year over year.
Jeff will speak to our financial results for the quarter and the full year in more detail shortly. The continuous improvement we delivered throughout 2018 would not have been possible without our more than 70,000 team members truly living our cultural beliefs every day and reinforcing our mission: Passion for customers, passion for yes. The hard work we've completed to date is building the foundation we need to win over the long term. Specifically, in the fourth quarter, I'm very pleased with the consistent, balanced improvement throughout AAP on nearly every metric.
Both our North and South divisions delivered positive comp sales, with geographical growth led by our mid-Atlantic, Carolinas, Gulf Coast, Appalachian and Northeast regions. From a category perspective, we saw strong sales in brakes, engine management, oil and filters and under car. As we discussed last quarter, we're seeing meaningful improvements in key metrics across the enterprise, driving growth in both our Professional and DIY businesses. In the fourth quarter, for the first time in recent history, our DIY business out-comped the Professional business as our omnichannel initiatives continue to strengthen our customer value proposition for DIYers.
Turning to Professional, we delivered growth across all Professional businesses in both the fourth-quarter and full-year 2018, led by growth in Worldpac and our Carquest independents. We remain focused on our commitment to deliver a best-in-class experience for our Professional customers. With this objective front and center, we're building new capabilities to strengthen our partnerships with customers, ensuring future success for both their business and AAP. For example, with the launch of our unified Professional portal, MyAdvance, in August, we're integrating multiple formerly disparate online tools in a one-stop shop.
This includes our Advance Pro catalog, e-services suite, training resources, customer support and many other value-added tools for Professional customers. As a result, usage of this platform increased over 50% in Q4. This unique Advance tool differentiates us from our competitors and provides a single location for our industry-leading product assortment, as well as training and business solution advice. Expanding on our DIY omnichannel performance, we made significant investments in our online engagement and fulfillment platforms to further enhance the customer experience.
We improved customer engagement by increasing page load speed, streamlining search capabilities and increasing customizations based on customers' vehicles and search inputs. We're also leveraging artificial intelligence and machine learning tools to improve our online attachment selling, as well as product assortment. The significant investments we're making in our website are enabling improved customer confidence that they are getting the right part for the job. If they buy online and pick up in store, our knowledgeable team members are available to provide trusted advice to our customers and ensure they have the complete and correct parts to get the job done.
Aligned with our omnichannel focus, we're excited about the progress we've made with our recently announced Walmart partnership, which will significantly extend our reach to DIY customers and help drive market share growth for AAP. We've appointed a senior leader to lead the partnership, and we're building a talented team to work together with our Walmart partners to launch and grow this business. We're off to a strong start, with the AAP and Walmart team members working well together and focused on delivering a compelling value proposition for DIYers. We're on track to begin rolling out our plans in the first half of this year.
This will include the launch of a broad assortment of our industry-leading parts. Customers will be able to have the parts shipped to their home in the first phase of the rollout, while phase two will enable buy online and pick up today in an Advance store. Finally, last year, we introduced three key elements of our end-to-end supply chain and footprint optimization strategy. First, a market-by-market approach to drive share; second, repurposing our in-market store and asset base; and third, optimizing our distribution centers.
Overall, I'm pleased with the progress we've made to improve our footprint over the last year. We're improving share performance through our market-by-market approach, which in 2018, included 14 new Worldpac branch openings. We expect to continue this momentum in '19 to further strengthen our Customer Value Proposition and gain share. In addition, we closed and consolidated 101 stores during 2018.
Consistent with previous quarters, we're approaching store closures very differently than in the past. Most importantly, our team is laser-focused on retaining our top-performing team members and ensuring that we maintain sales through the transfer to other AAP locations. Regarding optimizing our distribution centers, I'm pleased with our team's successful execution in closing our Gallman and San Antonio distribution centers in 2018. We're in the process of closing our Columbia, South Carolina distribution center and are on track to complete this in the first half of 2019.
We're thrilled with Reuben Slone joining our leadership team as we continue to make progress on supply chain. While we have significant opportunities to improve supply chain execution, we did increase transparency and collaboration between supply chain and other functions, such as store operations and merchandising. We also rolled out new tools and technology in the fourth quarter, including our delivery dashboard, which leverages telematics and improves accuracy and reliability of Pro delivery for our customers. In summary, I'm confident in the supply chain team's ability to further improve execution in 2019 and deliver on our long-term goals, including the optimization of our entire distribution network.
Finally, I'm pleased to report we published our inaugural Corporate Sustainability and Social Report in December and posted it on our website. This report highlights our progress in three primary areas within our ESG agenda: people, planet and community. Once again, we made progress on people and culture in 2018 as we further increased diversity representation in leadership roles. We continued to invest in frontline team members through our field to front line incentive program, with more than 15,000 grants to date.
Field to front line remains a unique program within our industry and broader retail. There's no question that this has been a driver of increased retention of our top performers in key store operations positions. We also appointed a world-class environmental, health and safety leader, Mike Miller. Mike's built a talented team and launched several safety initiatives, driving meaningful improvements, including a 10% reduction in the number o f report able incidents and an additional 13% reduction in our collision frequency rate.
In terms of environmental, we reduced our greenhouse gas emissions by 7%. Long term, we expect our environmental, health and safety agenda will drive significant productivity. In terms of community, we elevated our involvement in our communities by playing leadership roles in national organizations, such as JDRF; the American Heart Association; and Building Homes for Heroes, an organization who constructs new homes for veterans and their families returning to the U.S. While we've delivered progress in each of these critical areas to date, we recognize we have a responsibility to do more.
I look forward to continuing our momentum and sharing future updates on these efforts. In summary, performance improvements across the enterprise in 2018 translated to accelerated growth. As we said previously, we continue to be encouraged by the improving macro indicators for the auto parts industry and are confident in our ability to deliver top-line growth, margin expansion and strong cash flow in 2019. With that, I'll turn it over to Jeff for details on our financial performance and our 2019 outlook.
Jeff Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Thanks, Tom, and good morning, everyone. I want to begin by thanking the entire Advance team for their dedication throughout 2018. In Q4, the team's discipline enabled meaningful improvement across the business. Our adjusted gross profit was $930 million, an increase of 6.4% from the prior-year quarter.
On a rate basis, our adjusted gross profit margin of 44.2% improved by 127 basis points from the prior-year quarter. The drivers of this increase was a result of productivity initiatives, including MCO, inventory efforts to better position existing inventory throughout our supply chain and reduce shrink. These improvements were partially offset by commodity and tariff headwinds versus the prior-year quarter. The good news is we see minimal impact on units as a result of commodity and tariff-related cost increases.
And to date, we've been successful passing on any increases through pricing actions. We continue to work closely with our supplier partners to negotiate pricing and minimize impacts to our customers. Our adjusted SG&A was $802 million in the fourth quarter, an increase of $43 million year over year. As a percentage of net sales, our adjusted SG&A increased by 82 basis points to 38.1%.
The majority of this increase was driven by higher bonus expense, which we expect to normalize in 2019. We also increased spending related to our new marketing campaign, including an acceleration of digital capabilities. Additionally, our last mile delivery expenses were higher due to increased fuel and transportation expenses, which include increased costs related to cross-banner visibility. While this capability is clearly enabling stronger top-line performance, we have significant opportunity to improve efficiency.
And finally, third-party services and contract fees were higher in the quarter, directly correlated to the increased capital spend. These headwinds were partially offset by further reduction in our insurance and claims expenses due to improved safety performance, as well as lower rent and occupancy cost. Adjusted operating income in the fourth quarter was $127 million, an 11.7% increase from the fourth quarter of 2017. Our adjusted operating income margin increased 45 basis points to 6% in the quarter.
Consistent with the quarterly ramp in capital spending throughout 2018, our CAPEX in Q4 was $89 million, bringing our full-year spend to $194 million. More than 65% of Q4 spend was related to information technology and supply chain projects. Our IT initiatives include critical system investments, addressing long-standing integration opportunities and lack of capabilities. We've officially started the integration of all banners and moved to a single payroll system on January 1st.
Our finance team also launched our ERP project to integrate our back-office systems, which will happen over the next two years. As Reuben and his team work to improve existing supply chain operations, we invested in network upgrades, including wireless access and handheld scanners to improve accuracy and efficiencies within the distribution centers. For the full-year 2018, net sales were $9,581,000,000, an increase of 2.2% compared to 2017. And comp sales were 2.3%, a significant improvement over our 2017 performance.
Adjusted gross profit for the year increased 3.5% to $4.2 billion and adjusted gross profit margin increased 53 basis points to 44.1%. Adjusted SG&A for the year increased 2.3% to $3.5 billion. On a rate basis, our full-year adjusted SG&A was 36.3%, which was flat year over year and in line with previously discussed expectations. We delivered a 9.3% increase in adjusted operating income for the full year to $750.2 million.
Adjusted operating income margin was 7.8%, an increase of 51 basis points. Full-year operating cash flow increased by $210 million to $811 million. And free cash flow improved by $206 million to $617 million. Because of several factors, we increased inventory more than originally planned in 2018, resulting in free cash flow slightly below our November projection.
The primary drivers for the increase year over year in addition to higher sales were, first, as we are beginning to implement dynamic assortment, we found some gaps in our current coverage. Consistent with our commitment to putting the customer first, we increased inventory purchases in Q4 to mitigate these gaps and potential risk to the successful rollout of dynamic assortment in Q1. Dynamic assortment will significantly improve how we forward-deploy inventory, and expect that when fully implemented, will enable higher turns. Second, as sales trended higher, we were focused on improving store in-stocks, resulting in higher purchases to ensure replenishment capabilities throughout our supply chain.
Third is related to 14 new Worldpac branches that were opened in 2018, as well as purchases to support planned openings in the first quarter of 2019. With all that said, we remain committed to optimizing our inventory over the next several years while maintaining our customer-first focus and improving our assortment across the enterprise. Our disciplined approach to managing cash and delivering on our capital allocation priorities this year resulted in an AP ratio of 72.7% to end 2018, an improvement of 329 basis points year over year. In addition to this notable progress, we delivered a 13.8% return on invested capital, which was a 90-basis-point improvement compared to the prior year.
In line with our financial priorities to maintain an investment grade rating, invest in the business and opportunistically return capital to shareholders, we repurchased $153 million worth of Advance stock during the fourth quarter. We're confident in our ability to generate cash flow from the business and committed to the opportunistic return of cash to shareholders. As such, subsequent to year end, we repurchased $127 million worth of Advance stock at an average price of $159.65. Our guidance and forecast do not include any additional repurchases at this time.
Additionally, last month, we announced the early redemption of our $300 million 2020 notes using available cash on hand. We're confident in our ability to generate cash flow from the business and drive shareholder value while keeping to our financial priorities. We are pleased with what we are able to deliver in both the fourth quarter and full year, but recognize that we still have work to do to capitalize on the significant opportunity ahead. As we continue the disciplined execution of our strategic objectives in 2019, we're confident we will deliver further improvements this year.
In 2019, we expect to deliver net sales of $9.65 billion to $9.8 billion with comparable store sales in the range of 1% to 2.5%. We expect adjusted operating income margin expansion in a range of 20 to 60 basis points, which includes operating expenses related to a continued ramp in investments in IT, supply chain and marketing in a range of $80 million to $120 million in 2019. We estimate our CAPEX in the range of $250 million to $300 million this year, of which, more than two thirds is focused on technology, e-commerce and supply chain investments. In line with our continuing transformation agenda in 2019, we estimate integration and transformation expenses of $80 million to $100 million this year, which includes approximately $15 million related to further optimization of our store footprint.
Our 2019 tax rate is expected to be 24% to 26%. Finally, we remain disciplined in our cash management and focus on improving cash flow. For 2019, we expect to deliver minimum free cash flow of $650 million. In summary, from a financial perspective, we're pleased with where we ended 2018.
But as Tom said, we need to continue our momentum to remain laser-focused on flawless execution in the short term while making the appropriate investments in both CAPEX and OPEX to deliver our long-term objectives. We're optimistic about 2019 and look forward to sharing future successes as we continue executing on our strategic plan. With that, let's open it up to addressing your questions. Operator?
Questions and Answers:
Operator
[Operator instructions] Our first question comes from Simeon Gutman with Morgan Stanley.
Xian Siew -- Morgan Stanley -- Analyst
This is Xian Siew on for Simeon. So guidance sounds maybe a little bit conservative, and you've talked about mid-teens EBIT margins over time, which would represent significant gains from here. A range of 20 to 60 is encouraging. But we were just kind of wondering if the journey may be taking -- going to take a little bit longer to reach over time.
Or should we expect faster progress at some point in?
Tom Greco -- President and Chief Executive Officer
Well, we feel pretty good about the progress we made in 2018 in driving top-line growth and expanding margins at the same time. This is something that the old AAP had difficulty with, and we're happy that we were able to do both last year. The productivity focus in '18 drove margin expansion in '18, and we feel that the material cost optimization, supply chain productivity and zero-based budgeting will continue to help us with the productivity. There are some offsetting investments in 2019 which will limit margin expansion.
And we feel these investments are critical to our success and they're going to really differentiate us over the long term. They will do one of two things: They will either unlock future cost savings or drive top-line growth. And in our prepared remarks, you heard Jeff talk about a range of $80 million to $120 million of OPEX investment in 2019. That, by itself, is around a full point of margin expansion in '19 that we're reinvesting back in the business in order to drive long-term growth.
They're focused in three areas, the OPEX investments. First of all, technology and e-commerce; secondly, in our people, primarily in supply chain; and third, in marketing. And I'm happy to go deeper into each of these areas, but the net of it is, in 2019, we'll drive significant productivity and expand margins and drive our top-line growth while making important, necessary investments to drive the long-term growth of the company.
Xian Siew -- Morgan Stanley -- Analyst
And then just a follow-up to that. Can you just remind us where the biggest upside will come from? Longer term, what's the biggest kind of opportunity? Is it in efficiency on the margins or more of the sales productivity?
Tom Greco -- President and Chief Executive Officer
Well, we obviously have both. I mean, we think we can drive shareholder value through a combination of performing at or above the rate of growth of the industry, which is very healthy right now in that 3% range. And we also believe we can drive significant margin expansion. So both of those play a key role in the overall trajectory of our financials.
Operator
Our next question comes from Chris Horvers with JPMorgan.
Chris Horvers -- J.P. Morgan -- Analyst
Can you talk about the margin guide for this year? How should we be thinking about the cadence? Do you think it's going to be more front half versus back half weighted? You'd have to annualize some investments and expenses from last year, this past year, as well. And in terms of the components, how should we think about gross margin leverage versus SG&A?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Yes, Chris. We think overall for the year, the margin's going to be -- we're going to see steady improvement throughout the year. In terms of the margin breakdown between SG&A and gross margin, we think we're going to be flat on a rate basis on our SG&A. So as you recall, in 2018, we came in at 36.3%.
Right now, we're modeling, with those OPEX investment that we talked about in both our prepared remarks and the color we just gave on the previous question that that will keep us flat on a rate basis. So that's the way we're thinking about it.
Chris Horvers -- J.P. Morgan -- Analyst
Understood. And then in terms of the share repurchase opportunity, can you sort of square up how you think about that use of free cash flow? You have the debt paydown coming, $300 million in the first quarter. How do you think about the opportunity for share repurchases in 2019?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Yes. And just to remind you, our capital allocation priorities, they have remained unchanged from 2018, which is: To maintain that investment grade rating; reinvest in the business, we talked about the increase in the capital expenditures we expect in 2019 which is going to be a range of $250 million to $300 million; and then opportunistically repurchasing shares or giving excess cash back to our shareholders. Since we had our revised repurchase plan, we've repurchased $400 million worth of shares, and we're going to continue to be opportunistic with that. We don't have anything in our guidance currently, but we're going to continue to be opportunistic and look at those opportunities to return excess cash to our shareholders.
Chris Horvers -- J.P. Morgan -- Analyst
Understood. And then the last question. Tom, can you talk about how you're thinking about the supply chain integration? You have multiple phases, I think three phases, going on currently. How do you think about the time to complete those different supply chain projects?
Tom Greco -- President and Chief Executive Officer
Sure, Chris. Well, Reuben Slone, as you know, came in, in the fourth quarter. And Reuben was on our board. He has brought a new dimension to our thinking.
He was very familiar with what we were doing. I think he's really building momentum to ramp up execution in our supply chain. He's focused on a very rigorous standardization of the core processes. So it's important to note that I feel really good about the progress we're making on the execution, just the basic blocking and tackling within our supply chain.
The three big elements of our supply chain strategy haven't changed, to your point. The first one is building a market-by-market DMA plan. And I think we've completed a thorough review of every market in the country. We plan to leverage really the entire enterprise's supply chain infrastructure.
The goal here is to drive share, obviously; expand our margin; drive cash flow for each market, based on the size of the opportunity going forward within our existing footprint. Secondly, you've heard us talk about DC optimization. We have more DCs than we need. We're in the process of executing a pretty disciplined plan to optimize the network.
We completed the closures of our Gallman and San Antonio DC at the end of 2018. And we're on track to close our Columbia, South Carolina DC during the first half of 2019. And you'll see us continue this optimization work going forward. Finally, in terms of our in-store -- in-market store and asset optimization, this is also well under way and it's performing very well.
Here, we look at the entirety of the end market asset base, including Advance and Carquest DCs; Advance super hubs and hubs; Worldpac branches; Autopart International stores; and of course, our Advance and Carquest stores, both corporate and independent. And once we're clear on what the entirety of these asset base is and how to best assort and connect these assets, we then look to optimize. And with this as a backdrop, we did a great job executing store closures last year. We're exceeding the goals we established across the board.
And in 2018, we closed and consolidated 101 stores and opened about 14 Worldpac branches. So we plan to take a similar approach in 2019, and I feel really good about how we're executing, and I'm confident it's going to get better under Reuben's leadership.
Operator
Our next question comes from Michael Lasser with UBS.
Michael Lasser -- UBS -- Analyst
As you look out over the longer run, do you expect the DIY and DIFM business to be more similar in terms of growth rate? And why do you think the -- what drove the difference this quarter?
Tom Greco -- President and Chief Executive Officer
Well, first of all, from an industry standpoint, Michael, we expect Professional to outperform DIY. The industry leading indicators are really strong this year, as you know. The big ones that we found: GDP being positive, the car park is going to go up, vehicle miles driven is growing. And then, of course, vehicles in the sweet spot is the big one that we're seeing growth this year, will be up a couple of points this year on vehicles in the sweet spot.
Of course, that's vehicles and that six- to 11-year-old population. And that's a real positive for the industry overall. That number, as you know, was down in 2017 and then roughly flat last year. So we're seeing a positive trend in the vehicles in the sweet spot, and that tends to benefit the Professional side a little bit more.
Obviously, with cars getting more complicated, that benefits the Professional side. So we expect Professional to grow a little bit above the rate of growth of DIY, call it 4% to 5%, and DIY in the low single digit range. All that said, we're really pleased with the performance of our DIY business in the most recent quarter. It is the first time, as we said in our prepared remarks, that DIY out-comped our Professional business.
Our advertising: Think ahead, think Advance, helped us for sure. Our field team is executing well in the stores. We're driving units per transaction. And obviously, the omnichannel effort is helping us.
So all of those things are helping our internal performance on DIY. On a macro level, though, we would expect Professional to perform higher than DIY over time, and that's sort -- that's how we've modeled our own business as well.
Michael Lasser -- UBS -- Analyst
Into the quarter, the weather's been really funky. Can you give us some sense on how the business performed quarter to date?
Tom Greco -- President and Chief Executive Officer
We feel great about where we are year to date. Obviously, it's winter and it's been volatile. The tax refunds are a little bit late, but we clearly like our performance on a year-to-date basis. And I really like the progress on our execution.
If you consider our Professional business, we're seeing our close rate go up, our cross-banner sourcing continues to gain momentum. On the DIY omnichannel side, we continue to drive awareness through think ahead, think Advance. We've seen a nice uptick there. And then we're getting better at managing the cost side of things as well.
So all of these things are positive for us in a quarter-to-date basis.
Operator
Our next question comes from Scot Ciccarelli with RBC Capital Markets.
Scot Ciccarelli -- RBC Capital Markets -- Analyst
Scot Ciccarelli. Question about the incremental OPEX you guys outlined. Do you envision the investments that you highlighted as really just a 2019 event? Or is it recognition that you need to continue to invest in the business to position it where you want to be over the longer term?
Tom Greco -- President and Chief Executive Officer
Let me start and I'll kick it over to Jeff to talk about the longer term. But first of all, in '19, there's a couple of areas that we're investing in, Scot. If you talk about technology and e-commerce, that's, by far, the biggest investment that we're making. It's over half.
Examples here are largely integration-related. So getting to one payroll system, getting to one back-office system, getting to a single warehouse management systems. These are large technology-related platforms that we're implementing across the enterprise and will really simplify the business and reduce complexity in our cost base. In these cases, we have IT OPEX expense in 2019 without the commensurate cost take-outs as we design and implement the new systems.
So we fully expect to remove these costs sometime in the future, obviously, when we're able to retire the old way of doing things, whether that's our payroll or our ERP system. Secondly, in terms of people, you'll recall we had a crisis in terms of turnover on our frontline organization and store operations a couple of years ago. We've now addressed that. Our turnover is down.
And this year, we're making a similar wage investment in our supply chain team to do the very same thing in our distribution centers to drive the turnover down there. And then third, in marketing, we've been building our brand, both in DIY and Professional. I talked about the advertising campaign. As we continue to see the marketing campaign drive our comps and obviously lift our sales growth above the industry average, we're going to continue to invest.
If we don't like the returns there, we can certainly meter it back. But these three areas represent the vast majority of our OPEX investment in '19. And I'll let Jeff talk a little bit about the future.
Jeff Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Yes, sure. Just in terms of that detail that Tom just provided, some of those clearly have longer tails than others, but we do think this type of investment, we're going to see, not only in '19, but also into 2020. And then we would expect these to normalize after that.
Scot Ciccarelli -- RBC Capital Markets -- Analyst
Got it. got it. OK, very helpful. And then just a housekeeping item.
Can you tell us what inflation was in the fourth quarter?
Tom Greco -- President and Chief Executive Officer
Yes. About two points on a per unit basis, Scot.
Operator
Our next question comes from Dan Wewer with Raymond James.
Dan Wewer -- Raymond James -- Analyst
The first question I had relates to transformation charges. How many additional years beyond 2019 will you continue to set up a line item for this? And does it continue until the company reaches that 14%, 15% EBIT rate?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Yes. Hey, Dan. In terms of the transformation, you are seeing it start to ramp down. But again, as we continue with the integration we just talked about on some of the previous questions, we're certainly going to see it in '19, and I would expect to continue to see it into '20.
After that, I think it would be fairly de minimis at that point.
Dan Wewer -- Raymond James -- Analyst
And then a second question. You talked about the acceleration in your do-it-yourself revenues exceeding commercial. I know that you seemed to be a little bit more aggressive with the 20% off promotions on your e-commerce offer. Can you talk about what that's contributed to your do-it-yourself sales growth?
Tom Greco -- President and Chief Executive Officer
Well, we're certainly seeing strong growth in our e-commerce business. About 70% of the transactions, whether they're DIY, online or retail, then start on a mobile device now. So you really have to be there for the customer when they're doing their initial searches and investigating what they need to do for the job. So we're very excited about that.
We've made a lot of progress improving the quality of our website, the page load speeds, all of those key variables. And t's going to be an omnichannel effort. That whole journey involves online search each time, so we're going to continue to drive our online business. We're going to continue to drive our retail business.
When the customer gets there, we're going to make sure they have all the parts they need. It's essentially adapting to really leveraging our asset base, including our online assets and our physical assets in the stores.
Dan Wewer -- Raymond James -- Analyst
Tom, you sound really excited about the Walmart partnership. Can you discuss how that benefits your guidance for 2019 for sales and for operating margin rate?
Tom Greco -- President and Chief Executive Officer
Yes. Well, first of all, the guide itself, we believe this is going to be a great year for the industry and for AAP. So clearly, we want to see an acceleration of our performance versus last year. Walmart, the initiatives that we have for Walmart, as we said in our prepared remarks, really kick in toward the back end of this year.
There's a couple of phases. The first phase is really to put a broader assortment of parts on to the Walmart website for ship-to-home purposes. And then the second phase is to really stand up what we call pickup today, where the customer can enter into the Walmart website, it'll be a branded online presence that we'll have there on the Walmart website, and they will be able to pick up the part in an Advance store. And that will be toward the back end.
So there isn't a lot of incremental sales contemplated, Dan, in that sales guide. We believe that will be all upside to the sales guide we have.
Operator
Our next question comes from Brian Nagel with Oppenheimer.
Brian Nagel -- Oppenheimer -- Analyst
I've got maybe a couple of questions. First off, just from a bigger picture perspective. Your comments here, and then obviously a lot of indicators throughout the industry have suggested a nice and improving tailwind within the business. If that happens, you're looking at your turnaround at your efforts, do you have an opportunity to accelerate your efforts? Or would you -- or are more or less susceptible of this -- does the tailwind, from a sales perspective, fall to the bottom line?
Tom Greco -- President and Chief Executive Officer
Well, it's a good question, Brian. I mean, clearly, there is a high fixed cost base that we have that incremental sales helps us a lot. So we're going to make sure that we're making the investments we need to make for the long term, as we said in a few minutes ago. There are a couple of areas that we feel we have to address.
And eventually, those costs come out in pretty big chunks. If you think about getting to a single payroll system, we currently have four. We've moved to a new payroll system. We need to retire those old systems.
Getting to a single ERP system. We currently have four of those. We want to get to a single system there and retire those systems. So all of the investments we're making this year in the technology space largely pertain to the simplification and the integration of the company.
On the other side of the coin, we're driving the top line. The top line is very important. We want to be competitive in the marketplace. We want to strengthen our customer value Proposition, whether that's on the Professional side or on the DIY side.
And there are some things that we're doing there to drive our business. We believe that the things that we're doing are making us much more relevant. I think if you look at the back half of last year at our actual performance, it was strong relative to the industry, and that's the goal on an ongoing basis. So we're going to continue to drive the top line hard.
To the extent that we exceed the sales guide that we provided this year, we'll make those decisions as they come. But clearly, the industry backdrop is very good. We feel very good about where we are on a year-to-date basis, and we are going to continue to make those decisions as they come along.
Brian Nagel -- Oppenheimer -- Analyst
Got it. That's very helpful. And then the second question I had. You had mentioned in the prepared comments that the dynamic assortments and your efforts on inventory.
So with that, a couple of questions. One, is inventory where it needs to be now? Or should we expect to see a continued build from here? And then second, is there a way to look at this effort and maybe parse out just in of itself, how much that has held back sales? So to the extent that we get inventories into a better position, that alone should would be a driver of sales.
Tom Greco -- President and Chief Executive Officer
Well, first of all, we clearly see opportunities to continue to optimize and reduce our inventory. There's a couple of things that we're doing there, Brian. We plan to start the implementation of cross-banner replenishment between Carquest and Advance in the back half of '19. So essentially, when that's completed, we'll be able to ship parts from legacy Advance distribution centers to legacy Carquest stores and vice versa.
Now obviously, this will enable us to reduce stem miles and further optimize inventory throughout our DC network. Secondly, we're also integrating the Worldpac and Autopart International supply chains. And those two supply chains are starting to come together. We're assorting together.
Bob Cushing is leading all that work. So you think about those first two big work streams, cross-banner replenishment in Advance and Carquest, and then of course, Worldpac and AI. As those two big initiatives are completed, we're working from four supply chains down to two, so that should help us reduce inventory. Now you mentioned dynamic assortment.
What we're learning there, and I think you know this, we've evolved from the old way of assorting, which we used to call probability to sell, to a new way of sorting that is founded in machine learning tools called dynamic assortment. And this is showing us that we can actually increase our turns throughout the supply chain by replacing slow-turning SKUs with more relevant, faster-turning SKUs, pretty basic stuff. But we're very excited about the early returns on dynamic assortment, and you're going to continue to see us optimize our inventory going forward. And I think your point about, have our sales been held back a little bit because of our inventory assortment? I think the answer to that question is yes.
Because as we make these changes, we're seeing the close rate go up. So just by essentially using the dynamic assortment tool that we have, changing out the assortment we have in a category like spark plugs or anything else, we're definitely seeing the close rate improve. So we see opportunities there.
Operator
Our next question comes from Seth Basham with Wedbush Securities.
Seth Basham -- Wedbush Securities -- Analyst
My first question is around the comp trends in the fourth quarter. Could you give us a little bit more color as to the degree of outperformance of DIY relative to DIFM? Was is 20, 30 basis points? Or was it 200 or 300 basis points?
Tom Greco -- President and Chief Executive Officer
Yes. It was pretty slight, Seth. We don't break that out specifically, as you know. But it's slightly higher.
The trends through the quarter were similar to what you've heard from others. Our period 11 and 12, which is essentially October, November, was strong; and December, slightly positive, so not as strong as November and October, but slightly positive in December. But the comparative of DIY and Pro was relatively similar.
Seth Basham -- Wedbush Securities -- Analyst
That's helpful. And as you think about the drivers behind that inflection at DIY out-comping Pro, was it more the market, weather, etc.? Or was it more around some of your initiatives with advertising? Or something else.
Tom Greco -- President and Chief Executive Officer
Well, we definitely feel we're performing better in DIY omnichannel than we had been. Obviously, we do see some syndicated data on that topic that would corroborate that. I do think that we're executing better in the stores. I think that the advertising helped.
We see the awareness numbers, they went up nicely. They're still way too low in our view, but the awareness numbers did go up behind the new advertising. Our buy online, pick up in store execution is improving. All of those things are factors.
So I think our relative performance is stronger in DIY, and I think that's why we're performing better.
Seth Basham -- Wedbush Securities -- Analyst
Got it. And just one last housekeeping question. You mentioned the impact of inflation in the fourth quarter. But what is it embedded in your guidance for comps in 2019?
Tom Greco -- President and Chief Executive Officer
It's similar to what we said. On a per unit basis, it's a couple of points. Obviously, there are still some uncertainty there, Seth, surrounding tariffs. But based on what we see today, that's what we have in there.
Operator
Our next question comes from Bret Jordan with Jefferies.
Bret Jordan -- Jefferies -- Analyst
Yes. On that inflation question, I guess, it sort of seems that maybe you were expecting a couple of points of inflation in 2019, and you expect inflation to represent the majority of your comp and you're not really seeing a lot of unit pickup. Or maybe some better color on that.
Tom Greco -- President and Chief Executive Officer
Well, I mean, again, I think, Bret, our guide itself is in line with our full-year performance last year. I can tell you that everybody in the company is focused on exceeding that sales guide. We think it's going to be a strong year for the industry and for Advance for all the reasons that I've said. I think from our standpoint, we're building the guide -- sorry, we're building our fixed cost base around the sales guide as we did last year.
Our goal is to exceed that sales guide. And all we're trying to do is make sure that we're able to deliver the overall financials of the company. So the goal is to beat the sales guide.
Bret Jordan -- Jefferies -- Analyst
OK. And then a question on the Walmart relationship. Is picking up at Walmart not going to be an option? Are you either going to ship to home or pick up at Advance?
Tom Greco -- President and Chief Executive Officer
At some point, we do plan to have it available to pick up at Walmart. We're rooting this entire partnership in the customer, and what the customer wants is what we're going to do. So we're going to make it as easy as possible for the customer. Obviously, we do believe that the convenience of coming into an Advance store is an advantage, and along with the trusted advice our employees can provide.
But Walmart's been a terrific partner on this. And they've got a great leadership team. We're excited to work collaboratively with them. We've got one of our top people, Nicole Jefferies, is working on this initiative.
She's dedicated to the partnership, she's building out the plans. And I know the Walmart team is very excited about it. So more to come.
Bret Jordan -- Jefferies -- Analyst
What do you see that relationship impact on margin being in 2019? Obviously, you've got some costs built into the development, as well as maybe some revenue share with Walmart. But if you'd sort of carved out how much that might cost you on the front end.
Tom Greco -- President and Chief Executive Officer
We haven't broken that out, Bret. And I mean, obviously, we're going to do with this in a thoughtful way and do it in a way that has a positive impact on our overall financials.
Operator
Our next question comes from Chris Bottiglieri with Wolfe Research.
Chris Bottiglieri -- Wolfe Research -- Analyst
I was hoping maybe you could update us on material cost savings. How far along are we in that process? And then as you think about kind of the attacks on inflation in 2019, how do those conversations change in this type of environment? But you're still expecting to post benefits?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Yes. Sure, Chris. In terms of the material cost, I think one of the things as we go through this cycle, I'll call it phase one, were probably about 80% of the way through these material cost categories, but it doesn't really stop there. We're going to be going back and revisiting categories.
The first round, we really focused heavily on AAP/CQ. As we go back to certain vendors, we're now incorporating Worldpac and AI. So it's an ongoing negotiation. Certainly, with the uncertainties around tariffs and other commodity headwinds, we continue to work closely with our vendor partners.
So we've talked about inflation in 2019, and it's something that we're actively working on with our supplier partners.
Chris Bottiglieri -- Wolfe Research -- Analyst
Gotcha. And was hoping to quantify what the LIFO reserve was this quarter and what the impact on gross margin was? Like, given the inflation we're seeing, how should we think about that in 2019?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Sure, yes, yes, yes. That's something we saw in the fourth quarter. Here, it was actually a headwind. You'll see when we publish our 10-K here later on today, it was about a $15 million headwind.
But again, we were able to more than offset that with other actions, including productivity measures. So while it was headwind, to your point, with the increasing cost, the commodities, the tariffs, we are able to more than offset that.
Operator
Our next question comes from Seth Sigman with Credit Suisse.
Seth Sigman -- Credit Suisse -- Analyst
I wanted to talk a little bit about cross-banner visibility and just the progress there. Any indication on how much that may be helping the comps currently? And how you see that ramping. And then on the cost side, I know that's had some negative implications in the short term. If you could quantify the impact in the fourth quarter and then just the potential for greater efficiencies next year, that would be helpful.
Tom Greco -- President and Chief Executive Officer
Sure. Well, it's a big factor in terms of our comp improvement. When you consider -- let me break it down this way. If you look at our 2018 comp and you compare it to our 2017 comp, we improved by about 430 basis points.
We think that at least half of that is related to overall industry improvement if you think about the comparison to our primary competitors. So what's remaining, there's about 100 or 200-odd -- 205 points or whatever that number is. All of that is around three big things: Cross-banner visibility, our DIY performance and then just general execution. So we would attribute about 80 bps to cross-banner visibility, and it's a very strong, gaining momentum initiative that we have inside the company.
Very excited about it and our team is very excited about it. The cost to optimize it, it's relatively small, but it does cause us to drive around a little bit more than we'd like to, to get the part, and we're going to continue to work at that.
Seth Sigman -- Credit Suisse -- Analyst
OK. And then on the gross margin outlook, which I think is implied to be up 20 to 60 bps for the year, can you just walk us through some of the key drivers of that? I think you touched a little bit on the material cost reductions. But maybe specific on the supply chain, which has been a headwind, a lot going on there as you start to close some distribution centers. Any more color on how to think about that as a headwind or potentially less of a headwind in 2019?
Jeff Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Yes. I think, actually, you touch on a number of those in terms of supply chain, in fact, in the fourth quarter, it was relatively flat on a rate basis as we're lapping those two distribution centers that we opened last year. So we're overcoming some of those headwind with the initiatives that we've been talking about in terms of supply chain. We hope to get some productivity out of that.
Obviously, there's some investment that comes along with it, but we think we can get some productivity there. Material cost optimization, to your point, is going to be ongoing. We're still confident we can see improvements there. And then other productivity measures, including shrink and better managing our slower-moving inventory, as we continue to use things like dynamic assortment, we think this is going to help us get more efficient and will drive those 20 to 60 basis points of improvement.
Operator
Thank you. And I'm currently showing no further questions at this time. I'd like to turn the call back over to Tom Greco for closing remarks.
Tom Greco -- President and Chief Executive Officer
Well, thanks to all of you for joining us. We've completed our second year now in our transformation agenda and in our -- my leadership team and I are extremely proud of the team's execution in '18 and their continued focus to begin '19. So as you've heard today, the diligent efforts and strategic investments we made over the past two years are beginning to bear fruit in our improving results. And while we have a lot of work ahead in our transformation journey, I'm confident we're on the right path with the right plan, and we have the best team members in the industry to help us capitalize on this significant opportunity ahead for AAP.
We look forward to discussing our first quarter results in May. Thank you.
Operator
[Operator signoff]
Duration: 57 minutes
Call Participants:
Elisabeth Eisleben -- Vice President, Investor Relations
Tom Greco -- President and Chief Executive Officer
Jeff Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Xian Siew -- Morgan Stanley -- Analyst
Chris Horvers -- J.P. Morgan -- Analyst
Michael Lasser -- UBS -- Analyst
Scot Ciccarelli -- RBC Capital Markets -- Analyst
Dan Wewer -- Raymond James -- Analyst
Brian Nagel -- Oppenheimer -- Analyst
Seth Basham -- Wedbush Securities -- Analyst
Bret Jordan -- Jefferies -- Analyst
Chris Bottiglieri -- Wolfe Research -- Analyst
Seth Sigman -- Credit Suisse -- Analyst
More AAP analysis
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability.
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Aligned with our omnichannel focus, we're excited about the progress we've made with our recently announced Walmart partnership, which will significantly extend our reach to DIY customers and help drive market share growth for AAP. Advance Auto Parts (NYSE: AAP) Q4 2018 Earnings Conference Call Feb. 19, 2019 8:00 a.m. Additionally, our comments today include certain non-GAAP financial measures.
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Operator [Operator signoff] Duration: 57 minutes Call Participants: Elisabeth Eisleben -- Vice President, Investor Relations Tom Greco -- President and Chief Executive Officer Jeff Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer Xian Siew -- Morgan Stanley -- Analyst Chris Horvers -- J.P. Morgan -- Analyst Michael Lasser -- UBS -- Analyst Scot Ciccarelli -- RBC Capital Markets -- Analyst Dan Wewer -- Raymond James -- Analyst Brian Nagel -- Oppenheimer -- Analyst Seth Basham -- Wedbush Securities -- Analyst Bret Jordan -- Jefferies -- Analyst Chris Bottiglieri -- Wolfe Research -- Analyst Seth Sigman -- Credit Suisse -- Analyst More AAP analysis This article is a transcript of this conference call produced for The Motley Fool. Advance Auto Parts (NYSE: AAP) Q4 2018 Earnings Conference Call Feb. 19, 2019 8:00 a.m. Additionally, our comments today include certain non-GAAP financial measures.
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Operator [Operator signoff] Duration: 57 minutes Call Participants: Elisabeth Eisleben -- Vice President, Investor Relations Tom Greco -- President and Chief Executive Officer Jeff Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer Xian Siew -- Morgan Stanley -- Analyst Chris Horvers -- J.P. Morgan -- Analyst Michael Lasser -- UBS -- Analyst Scot Ciccarelli -- RBC Capital Markets -- Analyst Dan Wewer -- Raymond James -- Analyst Brian Nagel -- Oppenheimer -- Analyst Seth Basham -- Wedbush Securities -- Analyst Bret Jordan -- Jefferies -- Analyst Chris Bottiglieri -- Wolfe Research -- Analyst Seth Sigman -- Credit Suisse -- Analyst More AAP analysis This article is a transcript of this conference call produced for The Motley Fool. Advance Auto Parts (NYSE: AAP) Q4 2018 Earnings Conference Call Feb. 19, 2019 8:00 a.m. Additionally, our comments today include certain non-GAAP financial measures.
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Operator [Operator signoff] Duration: 57 minutes Call Participants: Elisabeth Eisleben -- Vice President, Investor Relations Tom Greco -- President and Chief Executive Officer Jeff Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer Xian Siew -- Morgan Stanley -- Analyst Chris Horvers -- J.P. Morgan -- Analyst Michael Lasser -- UBS -- Analyst Scot Ciccarelli -- RBC Capital Markets -- Analyst Dan Wewer -- Raymond James -- Analyst Brian Nagel -- Oppenheimer -- Analyst Seth Basham -- Wedbush Securities -- Analyst Bret Jordan -- Jefferies -- Analyst Chris Bottiglieri -- Wolfe Research -- Analyst Seth Sigman -- Credit Suisse -- Analyst More AAP analysis This article is a transcript of this conference call produced for The Motley Fool. Advance Auto Parts (NYSE: AAP) Q4 2018 Earnings Conference Call Feb. 19, 2019 8:00 a.m. Additionally, our comments today include certain non-GAAP financial measures.
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Pre-Market Earnings Report for February 19, 2019 : WMT, MDT, ECL, GPC, EXPD, AAP, NBL, WLK, LDOS, ALLE, SAGE, ENBL
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https://www.nasdaq.com/articles/pre-market-earnings-report-february-19-2019-wmt-mdt-ecl-gpc-expd-aap-nbl-wlk-ldos-alle
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The following companies are expected to repor t earnings prior to market open on 02/19/2019. Visit our Earnings Calendar for a full list of expected earnings releases.
Walmart Inc. ( WMT ) is reporting for the quarter ending January 31, 2019. The supermarket company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.33. This value represents a no change for the same quarter last year. WMT missed the consensus earnings per share in the 1st calendar quarter of 2018 by -2.21%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for WMT is 20.40 vs. an industry ratio of 17.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Medtronic plc ( MDT ) is reporting for the quarter ending January 31, 2019. The medical products company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.24. This value represents a 5.98% increase compared to the same quarter last year. In the past year MDT has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 7.02%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for MDT is 17.82 vs. an industry ratio of -35.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Ecolab Inc. ( ECL ) is reporting for the quarter ending December 31, 2018. The chemical company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.54. This value represents a 10.79% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ECL is 30.78 vs. an industry ratio of 13.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Genuine Parts Company ( GPC ) is reporting for the quarter ending December 31, 2018. The auto (truck) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.33. This value represents a 18.75% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for GPC is 18.71 vs. an industry ratio of 50.70.
Expeditors International of Washington, Inc. ( EXPD ) is reporting for the quarter ending December 31, 2018. The transportation services company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.85. This value represents a 19.72% increase compared to the same quarter last year. In the past year EXPD has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 17.95%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for EXPD is 22.41 vs. an industry ratio of 9.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2018. The wholesale retail company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.14. This value represents a 48.05% increase compared to the same quarter last year. In the past year AAP has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 6.78%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAP is 23.77 vs. an industry ratio of 17.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Noble Energy Inc. ( NBL ) is reporting for the quarter ending December 31, 2018. The oil (us exp & production) company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.11. This value represents a 65.63% decrease compared to the same quarter last year. NBL missed the consensus earnings per share in the 2nd calendar quarter of 2018 by -29.17%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for NBL is 24.19 vs. an industry ratio of 4.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Westlake Chemical Corporation ( WLK ) is reporting for the quarter ending December 31, 2018. The plastics company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.72. This value represents a 6.17% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for WLK is 9.02 vs. an industry ratio of 9.60.
Leidos Holdings, Inc. ( LDOS ) is reporting for the quarter ending December 31, 2018. The aerospace and defense company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.07. This value represents a 22.99% increase compared to the same quarter last year. In the past year LDOS has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for LDOS is 14.30 vs. an industry ratio of 8.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Allegion plc ( ALLE ) is reporting for the quarter ending December 31, 2018. The protection safety company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.21. This value represents a 9.01% increase compared to the same quarter last year. ALLE missed the consensus earnings per share in the 1st calendar quarter of 2018 by -4.76%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ALLE is 20.42 vs. an industry ratio of 9.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Sage Therapeutics, Inc. ( SAGE ) is reporting for the quarter ending December 31, 2018. The drug company's consensus earnings per share forecast from the 11 analysts that follow the stock is $-2.89. This value represents a 65.14% decrease compared to the same quarter last year. SAGE missed the consensus earnings per share in the 3rd calendar quarter of 2018 by -9.13%. The days to cover, as reported in the 1/31/2019 short interest update, increased 126.45% from previous report on 1/15/2019. Zacks Investment Research reports that the 2018 Price to Earnings ratio for SAGE is -20.48 vs. an industry ratio of 10.40.
Enable Midstream Partners, LP ( ENBL ) is reporting for the quarter ending December 31, 2018. The oil/gas company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.27. This value represents a 17.39% increase compared to the same quarter last year. ENBL missed the consensus earnings per share in the 2nd calendar quarter of 2018 by -9.09%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ENBL is 16.05 vs. an industry ratio of 3.20, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2018. In the past year AAP has beat the expectations every quarter. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAP is 23.77 vs. an industry ratio of 17.10, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2018. In the past year AAP has beat the expectations every quarter. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAP is 23.77 vs. an industry ratio of 17.10, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAP is 23.77 vs. an industry ratio of 17.10, implying that they will have a higher earnings growth than their competitors in the same industry. Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2018. In the past year AAP has beat the expectations every quarter.
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In the past year AAP has beat the expectations every quarter. Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAP is 23.77 vs. an industry ratio of 17.10, implying that they will have a higher earnings growth than their competitors in the same industry.
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11238.0
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2019-02-14 00:00:00 UTC
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Auto Stock Roundup: CNHI & LAD Beat on Earnings, GT, ADNT & PAG Miss on Both Counts
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-cnhi-lad-beat-on-earnings-gt-adnt-pag-miss-on-both-counts-2019-02-14
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nan
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nan
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In the past week, some companies from the Auto sector - including The Goodyear Tire & Rubber Company GT , Adient plc ADNT , Penske Automotive Group, Inc. PAG , CNH Industrial N.V. (CNHI) and Lithia Motors, Inc. LAD - have reported quarterly results. During the quarter under review, earnings and revenues for CNH Industrial and Lithia Motors beat the Zacks Consensus Estimate. On the other hand, earnings and revenues for Goodyear Tire, Adient and Penske Automotive missed the Zacks Consensus Estimate.
Recap of the Week's Most Important Stories
1. Goodyear Tire reported adjusted earnings of 51 cents per share in fourth-quarter 2018 compared with 99 cents in the prior-year quarter.
The bottom line missed the Zack Consensus Estimate of 60 cents. The company reported net income of $110 million against net loss of $96 million in the year-ago quarter.
The company delivered net revenues of $3.88 billion, lower than $4.07 billion in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $3.93 billion. During the quarter under review, revenues were impacted by lower volume and currency fluctuations. These were partly offset by improvement in price/mix.
During the reported quarter, tire unit volume was 40.7 million, down 3% from the year-ago quarter. Replacement tire shipments were nearly flat while original equipment unit volume fell 10% from the prior-year quarter.
Segmental operating income was $307 million, down from $430 million in fourth-quarter 2017.
For 2018, adjusted earnings were $2.32 per share, down from $3.12 in 2017.
Revenues in 2018 were $15.5 billion, up 1% from the 2017 figure. (Read more: Goodyear Earnings Miss Estimates in Q4, Decrease Y/Y )
Goodyear Tire currently carries a Zacks Rank #5 (Strong Sell).
2. Adien t report ed first-quarter fiscal 2019 adjusted earnings of 31 cents per share, missing the Zacks Consensus Estimate of 48 cents. The adjusted bottom-line figure in the year-ago quarter was $1.05 per share. The decline was due to negative business performance, owing to launch inefficiencies.
During the quarter under review, Adient reported net sales of $4.16 billion, a decline from $4.2 billion recorded in first-quarter fiscal 2018. Further, the top line missed the Zacks Consensus Estimate of $4.17 billion.
Net income attributed to Adient was $17 million against net loss of $216 million in the prior-year quarter.
During the reported quarter, the Seating segment of the company reported net sales of $3.7 billion, down from $3.8 billion in first-quarter fiscal 2018. The segment's adjusted EBIDTA was $261 million compared with $354 million recorded in the prior-year quarter.
The Seat Structures & Mechanisms (SS&M) segment reported net sales of $727 million, up from $718 million in the prior-year quarter. Adjusted EBITDA for this segment amounted to negative $72 million compared with negative $82 million in the first quarter of the previous fiscal year. (Read more: Adient Misses Q1 Earnings Estimates, Shares Down )
Adient currently carries a Zacks Rank #5.
3. Penske Automotive recorded adjusted earnings of $1.11 per share in fourth-quarter 2018, missing the Zacks Consensus Estimate of $1.16. It recorded adjusted earnings of $1.01 per share in the year-ago quarter.
Adjusted income from continuing operations increased 9.6% to $94.9 million in the reported quarter from $86.6 million a year ago.
Total revenues rose 0.8% year over year to $5.44 billion, missing the Zacks Consensus Estimate of $5.46 billion. The decline was due to a shortage in the availability of products and delay in Worldwide Harmonized Light Vehicle Testing ("WLTP") certification for the company's businesses in western Europe.
Same-store retail unit sales decreased 2.3% year over year to 113,547. Within the retail automotive segment, new-vehicle revenues declined 5.9% year over year to $2.3 billion while used-vehicle revenues gained 8.3% to $1.7 billion.
The company's gross profit increased to $852.6 million from $808.1 million in the prior-year quarter. During the quarter under review, operating income grew 0.3% to $136.6 million. (Read more: Penske Automotive Misses Earnings Estimates in Q4 )
Penske Automotive currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
4. CNH Industrial reported adjusted earnings of 21 cents per share in fourth-quarter 2018, increasing from 13 cents in the prior-year quarter. Moreover, the bottom line surpassed the Zacks Consensus Estimate of 15 cents.
Reportedly, adjusted net income rose to $294 million from $190 million recorded in fourth-quarter 2017.
Consolidated revenues declined 0.3% from the year-ago quarter to $8.2 billion. However, the figure surpassed the Zacks Consensus Estimate of $8.08 billion. The company's net sales for Industrial Activities were $7.7 billion and adjusted EBITDA (earnings before interest, tax, depreciation and amortization) was $690 million.
In 2018, the company's adjusted net income was $1.12 billion and adjusted earnings were 80 cents per share.
Consolidated revenues for the year went up 7.2% year over year to $29.71 billion. (Read more: CNH Industrial Q4 Earnings Beat Estimates, Gain Y/Y )
CNH Industrial currently carries a Zacks Rank #3.
5. Lithia Motors reported adjusted earnings of $2.57 per share in fourth-quarter 2018, increasing from $2.15 in the prior-year quarter. Further, the bottom line beat the Zacks Consensus Estimate of $2.42.
In the quarter under review, adjusted net income rose 12% year over year to $61 million. Total revenues in the quarter increased 10% year over year to $2.97 billion, beating the Zacks Consensus Estimate of $2.94 billion.
Gross profit increased over 11.6% to $441.9 million in the quarter under review from $396.1 million in the year-ago quarter.
Revenues from new-vehicle retail rose 4.5% year over year to $1.7 billion in the reported quarter. New-vehicle retail sales volume expanded 0.2% to 45,287 units. The average selling price for new-vehicle retail sales rose 4.3% to $37,281 from the year-ago figure.
Used-vehicle retail revenues increased 19.7% year over year to $753.4 million in the quarter under review while the same for used-vehicle wholesale rose 9.8% to $78.1 million. Used-vehicle retail sales volume improved 12.5% to 36,273 units. The average selling price of used-vehicle retail sales gained 6.4% to $ 20,771 million from the year-ago figure.
Revenues from service body and parts went up 15.6% to $314 million. The company's finance and insurance business recorded 9.3% rise in revenues to $112.8 million.
Revenues from fleet and others were $26.7 million compared with the year-ago figure of $12.2 million.
Lithia Motors currently carries a Zacks Rank #3.
Performance
In the last week, Advance Auto Parts, Inc. AAP gained the maximum while Ford Motor Company F declined the most.
In the past six months, AutoZone, Inc. AZO has increased the most. Harley-Davidson, Inc. HOG and Ford declined the most.
What's Next in the Auto Space?
Watch out for the usual news releases and earnings releases over the next week.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report
Lithia Motors, Inc. (LAD): Free Stock Analysis Report
Ford Motor Company (F): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
Adient PLC (ADNT): Free Stock Analysis Report
Harley-Davidson, Inc. (HOG): Free Stock Analysis Report
The Goodyear Tire & Rubber Company (GT): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Performance In the last week, Advance Auto Parts, Inc. AAP gained the maximum while Ford Motor Company F declined the most. Click to get this free report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report Lithia Motors, Inc. (LAD): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Adient PLC (ADNT): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report The Goodyear Tire & Rubber Company (GT): Free Stock Analysis Report To read this article on Zacks.com click here. The decline was due to a shortage in the availability of products and delay in Worldwide Harmonized Light Vehicle Testing ("WLTP") certification for the company's businesses in western Europe.
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Click to get this free report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report Lithia Motors, Inc. (LAD): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Adient PLC (ADNT): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report The Goodyear Tire & Rubber Company (GT): Free Stock Analysis Report To read this article on Zacks.com click here. Performance In the last week, Advance Auto Parts, Inc. AAP gained the maximum while Ford Motor Company F declined the most. In the past week, some companies from the Auto sector - including The Goodyear Tire & Rubber Company GT , Adient plc ADNT , Penske Automotive Group, Inc. PAG , CNH Industrial N.V. (CNHI) and Lithia Motors, Inc. LAD - have reported quarterly results.
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Click to get this free report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report Lithia Motors, Inc. (LAD): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Adient PLC (ADNT): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report The Goodyear Tire & Rubber Company (GT): Free Stock Analysis Report To read this article on Zacks.com click here. Performance In the last week, Advance Auto Parts, Inc. AAP gained the maximum while Ford Motor Company F declined the most. Total revenues in the quarter increased 10% year over year to $2.97 billion, beating the Zacks Consensus Estimate of $2.94 billion.
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Performance In the last week, Advance Auto Parts, Inc. AAP gained the maximum while Ford Motor Company F declined the most. Click to get this free report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report Lithia Motors, Inc. (LAD): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Adient PLC (ADNT): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report The Goodyear Tire & Rubber Company (GT): Free Stock Analysis Report To read this article on Zacks.com click here. During the reported quarter, tire unit volume was 40.7 million, down 3% from the year-ago quarter.
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11239.0
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2019-02-12 00:00:00 UTC
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Advance Auto Parts (AAP) Reports Next Week: Wall Street Expects Earnings Growth
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-reports-next-week%3A-wall-street-expects-earnings-growth-2019-02-12
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nan
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Wall Street expects a year-over-year increase in earnings on higher revenues when Advance Auto Parts (AAP) reports results for the quarter ended December 2018. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on February 19, 2019, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call , it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This auto parts retailer is expected to pos t quarterly earnings of $1.14 per share in its upcoming report, which represents a year-over-year change of +48.1%.
Revenues are expected to be $2.10 billion, up 3.3% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.83% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time , and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Advance Auto Parts?
For Advance Auto Parts, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -5.26%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Advance Auto Parts will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the las t report ed quarter, it was expected that Advance Auto Parts would pos t earnings of $1.77 per share when it actually produced earnings of $1.89, delivering a surprise of +6.78%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Advance Auto Parts doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Wall Street expects a year-over-year increase in earnings on higher revenues when Advance Auto Parts (AAP) reports results for the quarter ended December 2018. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
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Wall Street expects a year-over-year increase in earnings on higher revenues when Advance Auto Parts (AAP) reports results for the quarter ended December 2018. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out.
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Wall Street expects a year-over-year increase in earnings on higher revenues when Advance Auto Parts (AAP) reports results for the quarter ended December 2018. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
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Wall Street expects a year-over-year increase in earnings on higher revenues when Advance Auto Parts (AAP) reports results for the quarter ended December 2018. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out.
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11240.0
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2019-02-01 00:00:00 UTC
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Advance Auto Parts (AAP) Upgraded to Buy: Here's What You Should Know
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-upgraded-to-buy%3A-heres-what-you-should-know-2019-02-01
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nan
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nan
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Advance Auto Parts (AAP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Advance Auto Parts basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Advance Auto Parts, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power o f earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Advance Auto Parts
For the fiscal year ending December 2018, this auto parts retailer is expected to earn $7.11 per share, which is a change of 32.4% from the year-ago reported number.
Analysts have been steadily raising their estimates for Advance Auto Parts. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.7%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Advance Auto Parts to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
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Advance Auto Parts (AAP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors.
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Advance Auto Parts (AAP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated.
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Advance Auto Parts (AAP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors.
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11241.0
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2019-01-31 00:00:00 UTC
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Auto Stock Roundup: TSLA & HOG Earnings Miss, PCAR & LEA Report a Beat
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-tsla-hog-earnings-miss-pcar-lea-report-a-beat-2019-01-31
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nan
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nan
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In the past week, auto companies such as Lear Corporation LEA , PACCAR Inc. PCAR , Harley-Davidson, Inc. HOG , Autoliv, Inc. ALV and Tesla, Inc. TSLA reported their quarterly numbers. While earnings of Lear and PACCAR surpassed the Zacks Consensus Estimate; Harley-Davidson, Autoliv and Tesla report ed an earnings miss. In the revenue front, PACCAR and Tesla posted a positive surprise while the other three registered a miss.
Recap of the Week's Most Important Stories
1. In fourth-quarter 2018, Lear reported adjusted earnings per share of $4.05 compared with $4.38 recorded in the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate of $3.96. At the end of fourth-quarter 2018, adjusted net income was $261.3 million compared with $300.4 million recorded in the prior-year quarter.
During the reported quarter, revenues decreased 8% year over year to $4.94 billion. The Zacks Consensus Estimate was $4.98 billion. The slump was due to 5% fall in global vehicle production, including 15% decline in China, owing to tough economic conditions.
Moreover, the company's core operating earnings slumped $8 million year over year to $389 million in the reported quarter. In fourth-quarter 2017, the figure was $441 million.
In 2018, Lear reported adjusted net income of $1.21 billion or $18.22 per share, up from $1.18 billion or $17 per share in the previous year.
Revenues for the year went up 3% year over year to $21.1 billion.
In the reported quarter, net sales at the Seating segment were $3.7 billion compared with $4.1 billion in fourth-quarter 2017. The adjusted margin was 8% compared with 8.1% in the prior-year quarter.
Net sales at the E-Systems segment was $1.2 billion compared with $1.3 billion generated in the year-ago quarter. Additionally, adjusted margin was 11.3% compared with 14.3% in fourth-quarter 2017. (Read more: Lear Surpasses Earnings Estimates in Q4 )
Lear currently carries a Zacks Rank #3 (Hold).
2. PACCAR's fourth-quarter 2018 earnings were $1.65 per share, surpassing the Zacks Consensus Estimate of $1.57. Results were aided by quality products and services, record heavy-duty truck market share in Europe, strong global truck markets, and solid aftermarket parts' results. Earnings in the prior-year quarter were $1.67 per share. Excluding one-time tax benefits, earnings in fourth-quarter 2017 were $1.18 per share.
PACCAR posted quarterly consolidated net sales and revenues of $5.93 billion, up from the prior-year quarter figure of $5.12 billion. The Zacks Consensus Estimate for revenues was pegged at $5.8 billion.
Net sales and revenues for 2018 were at a record $23.50 billion, up 21% from the 2017 figure.
Revenues from the Truck, Parts and Other segment increased to $5.93 billion in fourth-quarter 2018 from $5.12 billion in fourth-quarter 2017. The segment's pre-tax income increased to $645.3 million from $522.9 million recorded a year ago.
Revenues from the Financial Services segment rose to $347 million from $332.2 million a year ago. Pre-tax income increased to $87.2 million from $71.9 million in the year-ago quarter. (Read more: PACCAR Q4 Earnings Surpass Estimates, Revenues Rise )
PACCAR currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
3. Harley-Davidson's adjusted earnings per share broke even in fourth-quarter 2018, missing the Zacks Consensus Estimate of 17 cents. In the prior-year quarter, the figure was 54 cents.
The company's net income was $0.5 million compared with $8.3 million registered a year ago.
Revenues from the Motorcycle and Related Products segment declined 8.7% year over year to $955.6 million in the reported quarter, missing the Zacks Consensus Estimate of $1.05 billion. The company reported consolidated revenues of $1.15 billion, marking a decline from the prior year's $1.23 billion. This fall was majorly due to the declining motorcycle demand in the United States.
In 2018, Harley-Davidson reported net income of $531.5 million, up from $521.8 million in the previous year.
Consolidated revenues for the year went up to $5.72 billion from the year-ago figure of $5.65 billion.
In fourth-quarter 2018, operating loss from the Motorcycles and Related Products segment was $59.5 million against operating income of $35.5 million in the year-ago quarter. Further, operating margin was negative 6.2% compared with positive 3.4% recorded in the year-ago quarter. This fall in margin was due to restructuring charges, incremental tariffs and higher recall costs.
In the quarter ending on Dec 31, the company shipped 43,489 motorcycles compared with 47,198 in fourth-quarter 2017.
Harley-Davidson's retail motorcycle sales in the United States declined 10.1% to 20,849 units. International sales declined 2.6% to 18,462 motorcycles from 18,947 in the prior-year quarter. During the reported quarter, sales in Latin America, and Canada region gained 2.7% and 2.4%, respectively. However, sales in the Asia Pacific, and the Middle East and Africa (EMEA) reduced 6.2% and 1.4%, respectively.
Harley-Davidson's worldwide retail motorcycle sales declined 6.7% to 39,311 units from 42,142 in the year-ago quarter.
Revenues from the Parts & Accessories segment decreased 15% to $142.2 million. Moreover, the metric for General Merchandise - including MotorClothes apparel and accessories - lost 18% to $58.4 million. (Read more: Harley-Davison Q4 Earnings & Revenues Miss Estimates )
Harley-Davidson currently carries a Zacks Rank #3.
4. Autoliv reported adjusted earnings of $1.42 per share in fourth-quarter 2018, missing the Zacks Consensus Estimate of $1.62. Moreover, the bottom line declined from the prior-year quarter figure of $2.29.
During the quarter under review, Autoliv reported net sales of $2.19 billion from continuing operations, reflecting 1.6% year-over-year rise. The Zacks Consensus Estimate for the same was pegged at $2.24 billion. Quarterly organic sales grew 4.2%, majorly driven by 19% organic sales increase in the Americas.
Operating income from continuing operations plunged 91.6% to $21 million. Adjusted operating margin from continuing operations was 10.9% in the reported quarter, lower than the prior-year quarter figure of 11.8%.
For 2018, net sales rose 6.7% to $8.68 billion, up 6.7% from 2017.
Adjusted earnings per share from continuing operations were $6.83, down from the 2017 figure of $7.12.
Autoliv had cash and cash equivalents of $615.8 million as of Dec 31, 2018, lower than $959.5 million reported as of Dec 31, 2017. Long-term debt was $1.61 billion as of Dec 31, 2018, witnessing an increase from $1.31 billion as of Dec 31, 2017.
At the end of fourth-quarter 2018, the company's operating cash flow decreased to $289.4 million from the year-ago figure of $389.4 million. Net capital expenditure decreased to $133.4 million from the year-ago figure of $167.8 million. (Read more: Autoliv Q4 Earnings Miss Estimates, Revenues Up Y/Y )
Autoliv currently carries a Zacks Rank #5 (Strong Sell).
5. Tesla has reported earnings per share of $1.93 in fourth-quarter 2018, missing the Zacks Consensus Estimate of $2.08. The company reported loss of $3.04 per share in the prior-year quarter.
During the reported quarter, net income attributable to common shareholders amounted to $344.8 million against the year-ago net loss of $513.1 million.
Revenues increased to $7.2 billion from $3.3 billion registered in fourth-quarter 2017. The figure surpassed the Zacks Consensus Estimate of $7.1 billion.
During the quarter under review, Tesla delivered 27,607 Model S and Model X vehicles, and 63,359 Model 3 vehicles to customers.
Total automotive revenues, including revenues from automotive sales and leasing, increased appreciably year over year to $6.3 billion in the reported quarter. The rise was due to a robust increase in Model 3 deliveries.
Energy generation and storage revenues increased from $298 million in fourth-quarter 2017 to $371.5 million in the reported quarter. The rise was mainly due to considerable growth of energy-storage deployments.
Services and other revenues increased 84.4% year over year to $531.2 million.
Tesla's fourth-quarter 2018 automotive gross margin was 24.3%, increasing 540 basis points (bps) from fourth-quarter 2017.
Energy generation and storage gross margin increased 604 bps on a year-over-year basis to 11.5%.
For 2018, Tesla registered loss per share of $1.33, narrower than loss of $8.66 per share in 2017.
Revenues for 2018 were $18.5 billion, up from $9.6 billion in 2017.
Tesla currently carries a Zacks Rank #3.
Performance
In the last week, all the stocks gained except for Advance Auto Parts, Inc. AAP . Tesla gained the maximum.
In the past six months, AutoZone, Inc. AZO has increased the most, whereas Harley-Davidson declined the most.
What's Next in the Auto Space?
Watch out for the usual news releases and earnings releases over the next week.
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Lear Corporation (LEA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Performance In the last week, all the stocks gained except for Advance Auto Parts, Inc. AAP . Click to get this free report Tesla, Inc. (TSLA): Get Free Report PACCAR Inc. (PCAR): Get Free Report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Get Free Report Lear Corporation (LEA): Free Stock Analysis Report Autoliv, Inc. (ALV): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. The slump was due to 5% fall in global vehicle production, including 15% decline in China, owing to tough economic conditions.
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Click to get this free report Tesla, Inc. (TSLA): Get Free Report PACCAR Inc. (PCAR): Get Free Report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Get Free Report Lear Corporation (LEA): Free Stock Analysis Report Autoliv, Inc. (ALV): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Performance In the last week, all the stocks gained except for Advance Auto Parts, Inc. AAP . (Read more: PACCAR Q4 Earnings Surpass Estimates, Revenues Rise ) PACCAR currently carries a Zacks Rank #2 (Buy).
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Click to get this free report Tesla, Inc. (TSLA): Get Free Report PACCAR Inc. (PCAR): Get Free Report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Get Free Report Lear Corporation (LEA): Free Stock Analysis Report Autoliv, Inc. (ALV): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Performance In the last week, all the stocks gained except for Advance Auto Parts, Inc. AAP . PACCAR posted quarterly consolidated net sales and revenues of $5.93 billion, up from the prior-year quarter figure of $5.12 billion.
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Performance In the last week, all the stocks gained except for Advance Auto Parts, Inc. AAP . Click to get this free report Tesla, Inc. (TSLA): Get Free Report PACCAR Inc. (PCAR): Get Free Report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Get Free Report Lear Corporation (LEA): Free Stock Analysis Report Autoliv, Inc. (ALV): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. PACCAR posted quarterly consolidated net sales and revenues of $5.93 billion, up from the prior-year quarter figure of $5.12 billion.
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11242.0
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2019-01-24 00:00:00 UTC
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Auto Stock Roundup: Tesla Receives Nod to Sell Model 3 in Europe, Ford Lags Q4 Earnings
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-tesla-receives-nod-to-sell-model-3-in-europe-ford-lags-q4-earnings
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Tesla, Inc. TSLA received positive signal from the European territory this week to sell its flagship Model 3. It is indeed a big development for this electric vehicle pioneer as it believes that the size of the European premium sedan market is more than double of the one in the United States. This European launch has not only opened up a huge opportunity for this carmaker but is also likely to help it compete with automakers in Germany for the premium car market.
Ford Motor Company F posted fourth-quarter and 2018 results. I t report ed adjusted earnings per share of 30 cents for fourth-quarter 2018, missing the Zacks Consensus Estimate of 31 cents. In the prior-year quarter, adjusted earnings were 39 cents per share. Results were impacted by challenges faced by the company in China and Europe.
In another development, Japanese auto major Toyota Motor Company TM announced that it will produce batteries for electric vehicles (EVs) in a joint venture (JV) with Panasonic Corporation. The JV is expected to start operating from 2020, with Toyota holding 51% stake while Panasonic will hold the rest.
Recap of the Week's Most Important Stories
1. General Motors Company GM cautioned employees in Brazil about losses and informed that this situation requires a tough turnaround plan, per Reuters. The company is encountering challenges in South America, which makes it imprudent to deploy capital at this moment. However, if this leads to shutdown or halt in production in the continent, it will have serious consequences on the company's employees.
In South America, conditions in Brazil are improving since the 2015-16 recession. However, Argentina struggled due to inflation and declining peso owing to a recession in 2018. Meanwhile, investors are keeping an eye on how economic reforms will change things in these key South American countries.
Notably, the government of Brazil extended subsidy to the auto industry, which has for long struggled to keep up with production in other regions. In sync with this, a 15-year tax break package was offered to automakers in 2018. However, per experts, Brazil cannot continue to offer subsidies to the key industries as it believes that the abolishment of protectionist policies will lead to more competitiveness. However, given the losses in South America, General Motors needs to devise a tough turnaround plan. (Read more: General Motors Cautions Workers in Brazil on Losses )
General Motors currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
2. Toyota, in a JV with Panasonic Corporation, will produce batteries for electric vehicles (EVs), per Reuters. The JV is expected to start operating from 2020, with Toyota holding 51% stake while Panasonic will hold the rest. Apart from Toyota, the manufactured batteries are expected to be used by Mazda Corporation and Subaru Corporation, the two partners in Toyota's electric vehicle technology. The official announcement for the JV is expected to take place this week.
Toyota announced its plan to develop batteries with Panasonic in December 2017. This decision will ramp up Toyota's vehicle production, enabling it to reach the set target for green cars to comprise half of its global sales by 2030. This collaboration is in addition to the already existing agreement with Panasonic that offers lithium-ion prismatic batteries for Toyota's vehicles.
Under this collaboration with Toyota, Panasonic will transfer its prismatic battery manufacturing equipment and facilities to Japan, and China. The shift will be cost-efficient and advantageous for Panasonic, aiding it to grow efficiently in the fast-growing EV market. (Read more: Toyota Likely to Announce JV With Panasonic for Batteries )
Toyota currently carries a Zacks Rank #3 (Hold).
3. Tesla received green signal to sell Model 3 in Europe, per Bloomberg. With this, the electric vehicle pioneer crossed the final obstacle in selling its top seller vehicle in Europe. Per the news, delivery of the Long Range Battery version of the mid-size sedan will begin in February.
This vehicle launch in Europe is of huge importance to Tesla as the U.S. federal tax credit on the purchase of Tesla vehicles has been halved, with effect from Jan 1, 2019.
Palo Alto, CA-based Tesla is optimistic about the European market. This automaker estimates the size of the European premium sedan market to be more than double of the one in the United States. Moreover, North America Model 3 delivery volume may not be sustainable until lower-cost versions are introduced. Given this, the launch in Europe will not only open up a huge opportunity for this carmaker but also help it compete with automakers in Germany for the premium car market. (Read more: Tesla Receives Green Signal to Sell Model 3 in Europe )
Tesla currently carries a Zacks Rank #3.
4. Johnson Controls International plc JCI expects the weakening automotive manufacturing in China to negatively impact the power solutions (PS) segment, per Reuters. The segment provides lead-acid batteries for vehicle production to the world's largest automotive market. In a year, the PS unit of Johnson Controls delivers roughly 154 million battery units for the manufacturing of passenger cars and light trucks in China.
The PS segment generates most of its revenues by selling replacement batteries while generating remaining revenues by selling batteries for new vehicle production. In fiscal 2018, the unit's sales in China accounted for roughly 7%.
Weakening consumer demand, along with tariff wars, weakened China's economy in 2018. Beside Johnson Controls, many other companies within the automotive industry also agreed that the slowing auto production in the world's largest market will hamper sales. (Read more: Johnson Controls' PS Unit Under Weak China Demand Pressure )
Johnson Controls currently carries a Zacks Rank #4 (Sell).
5. Ford report ed adjusted earnings per share of 30 cents for fourth-quarter 2018, missing the Zacks Consensus Estimate of 31 cents. In the prior-year quarter, adjusted earnings were 39 cents per share. Results were impacted by challenges faced by the company in markets of China and Europe.
Adjusted EBIT was $1.5 billion, reflecting a decrease from $2 billion recorded in the year-ago quarter.
During the reported quarter, Ford logged automotive revenues of $38.7 billion, up from the prior-year quarter figure of $38.5 billion. The Zacks Consensus Estimate for revenues was $37 billion.
In 2018, this automaker reported an adjusted EBIT of $7 billion or $1.30 per share, down from adjusted EBIT of $9.6 billion or $1.78 per share in the previous year.
Revenues for the year went up 2% year over year to $160.3 billion.
During the reported quarter, wholesale volume at the Ford Automotive segment declined 275,000 units to 1.47 million. Earnings before income and taxes (EBIT) were $1.1 billion, a decline of $500 million from the year-ago quarter.
In North America, revenues increased $1.7 billion year over year to $25.8 billion during the reported quarter. Wholesale volume declined 1,000 units to 738,000. Further, EBIT was $2 billion, marking an increase of $200 million from the year-ago quarter. This rise is majorly due to the favorable mix and higher net pricing.
In South America, revenues slumped $500 million year over year to $1.2 billion. Pre-tax loss amounted to $199 million, owing to weak major markets except for Peru. Moreover, wholesale volume declined by 18,000 units to 89,000.
In Europe, revenues increased $700 million to $7.4 billion. Wholesale volumes decreased by 55,000 units to around 361,000. The region incurred pre-tax loss of $199 million, owing to lower volume, high costs and currency fluctuation.
In the Middle East & Africa segment, revenues declined $1 million year over year to $700 million due to lower volume. Further, wholesale volume declined 3,000 units to 32,000. The region recorded pre-tax loss of $49 million.
In the Asia Pacific region, revenues decreased $200 million to $3.6 billion. Wholesale volume declined 198,000 units to 254,000. Further, the region incurred pre-tax loss of $381 million.
Ford currently carries a Zacks Rank #3.
Performance
In the last week, Advance Auto Parts, Inc. AAP gained maximum while Ford declined the most.
In the past six months, AutoZone, Inc. AZO has increased the most, whereas Ford declined the most.
What's Next in the Auto Space?
Watch out for the usual news releases and earnings releases over the next week.
More Stock News: This Is Bigger than the iPhone!
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General Motors Company (GM): Free Stock Analysis Report
Ford Motor Company (F): Free Stock Analysis Report
Tesla, Inc. (TSLA): Get Free Report
Toyota Motor Corporation (TM): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
Johnson Controls International plc (JCI): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Performance In the last week, Advance Auto Parts, Inc. AAP gained maximum while Ford declined the most. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Tesla, Inc. (TSLA): Get Free Report Toyota Motor Corporation (TM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Johnson Controls International plc (JCI): Get Free Report To read this article on Zacks.com click here. In another development, Japanese auto major Toyota Motor Company TM announced that it will produce batteries for electric vehicles (EVs) in a joint venture (JV) with Panasonic Corporation.
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Click to get this free report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Tesla, Inc. (TSLA): Get Free Report Toyota Motor Corporation (TM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Johnson Controls International plc (JCI): Get Free Report To read this article on Zacks.com click here. Performance In the last week, Advance Auto Parts, Inc. AAP gained maximum while Ford declined the most. In another development, Japanese auto major Toyota Motor Company TM announced that it will produce batteries for electric vehicles (EVs) in a joint venture (JV) with Panasonic Corporation.
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Click to get this free report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Tesla, Inc. (TSLA): Get Free Report Toyota Motor Corporation (TM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Johnson Controls International plc (JCI): Get Free Report To read this article on Zacks.com click here. Performance In the last week, Advance Auto Parts, Inc. AAP gained maximum while Ford declined the most. In another development, Japanese auto major Toyota Motor Company TM announced that it will produce batteries for electric vehicles (EVs) in a joint venture (JV) with Panasonic Corporation.
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Performance In the last week, Advance Auto Parts, Inc. AAP gained maximum while Ford declined the most. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Tesla, Inc. (TSLA): Get Free Report Toyota Motor Corporation (TM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Johnson Controls International plc (JCI): Get Free Report To read this article on Zacks.com click here. In another development, Japanese auto major Toyota Motor Company TM announced that it will produce batteries for electric vehicles (EVs) in a joint venture (JV) with Panasonic Corporation.
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11243.0
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2019-01-21 00:00:00 UTC
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Can Advance Auto Parts (AAP) Keep the Earnings Surprise Streak Alive?
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AAP
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https://www.nasdaq.com/articles/can-advance-auto-parts-aap-keep-the-earnings-surprise-streak-alive-2019-01-21
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its nex t quarterly report , you should consider Advance Auto Parts (AAP). This company, which is in the Zacks Automotive - Retail and Wholesale - Parts industry, shows potential for another earnings beat.
This auto parts retailer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 6.63%.
For the las t report ed quarter, Advance Auto Parts came out with earnings of $1.89 per share versus the Zacks Consensus Estimate of $1.77 per share, representing a surprise of 6.78%. For the previous quarter, the company was expected to pos t earnings of $1.85 per share and it actually produced earnings of $1.97 per share, delivering a surprise of 6.49%.
Price and EPS Surprise
For Advance Auto Parts, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time . In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Advance Auto Parts has an Earnings ESP of +2.01% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's nex t earnings report is expected to be released on February 20, 2019.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its nex t quarterly report , you should consider Advance Auto Parts (AAP). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its nex t quarterly report , you should consider Advance Auto Parts (AAP). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Price and EPS Surprise For Advance Auto Parts, estimates have been trending higher, thanks in part to this earnings surprise history.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its nex t quarterly report , you should consider Advance Auto Parts (AAP). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. For the las t report ed quarter, Advance Auto Parts came out with earnings of $1.89 per share versus the Zacks Consensus Estimate of $1.77 per share, representing a surprise of 6.78%.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its nex t quarterly report , you should consider Advance Auto Parts (AAP). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Price and EPS Surprise For Advance Auto Parts, estimates have been trending higher, thanks in part to this earnings surprise history.
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11244.0
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2019-01-18 00:00:00 UTC
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Shutdown clouds outlook for consumer-driven U.S. economic growth
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AAP
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https://www.nasdaq.com/articles/shutdown-clouds-outlook-consumer-driven-us-economic-growth-2019-01-18
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By Nandita Bose and Howard Schneider
NEW YORK, Jan 18 () - After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters.
Federal Reserve officials and many economists have long counted on continued robust consumer spending to keep the economy chugging along, despite headwinds from recent financial markets turbulence, trade conflicts and weakening global growth.
The warning signs span the income spectrum - from the well-heeled possibly cutting back after their stocks got hammered last fall, to the poor potentially getting squeezed if a lingering government shutdown delays food assistance payments.
Economists are also not certain, for example, whether last year's personal income tax cut will lead to higher refunds and boost big-ticket purchases, such as home appliances, typical for this time of year, or whether the windfall was already spent last year when paycheck withholding declined.
The shutdown, now in its 28th day, could delay refunds and hit companies that rely on consumers spending a chunk of that money on their goods or services.
The chief financial officer at T-Mobile US told investors last week any delay in refunds was a concern for the company because its prepaid business, roughly 30 percent of sales, was "particularly sensitive" to tax refunds.
"Hopefully, this situation doesn't go on too long," J.
Braxton Carter said.
A delay in refunds could also hurt home improvement chains, such as Home Depot, Lowe's Cos Inc and Wayfair Inc that see furniture purchases and early spring projects boost sales. "We don't see any material impact," a Home Depot spokesman said without elaborating. Lowe's and Wayfair did not respond to a request for comment.
The government shutdown clouds the outlook for spending, retailers and the economy at large because executives and policymakers weigh not the direct impact of 800,000 federal workers going without pay, but also how much it can hurt consumer and business confidence.
Chicago Federal Reserve President Charles Evans said last week that while the immediate effects of the shutdown on the U.S. $20.7-trillion economy would be small, the indirect, psychological impact could be substantial.
"Consumers get risk averse and start hunkering down, businesses start planning to do less, and you start magnifying these effects," Evans said.
Former Federal Reserve chair Janet Yellen noted a general cooling of business sentiment at a retail trade show in New York last week. "We are hearing anecdotal reports about businesses beginning to put investment plans on hold because of uncertainty," she said. Those investments could include things like upgrades to a retailer's supply chain, Yellen said.
Constance Hunter, chief economist at KPMG told if the shutdown goes on until the end of the month "we will shave a couple of percentage points from first quarter (gross domestic product)."
Such concerns have spread among Fed officials who now advocate patience before considering any further rate hikes.
FAST FOOD, GROCERS AT RISK
Consumer spending accounts for about two-thirds of U.S.
economic activity, and the 4 percent jump in household spending on goods last year was a major reason the economy probably grew by a healthy 3 percent in 2018. More recently, robust consumption offset weaker-than-expected business investment and the drag from trade, and was expected to mitigate the waning impact of the Trump administration's earlier spending splurge.
Economists had already anticipated that higher interest rates and trade tensions would slow growth in household spending on goods and services after it hit $13 trillion last year.
The question is how much and the shutdown made the answer more difficult.
Steven Blitz, chief U.S. economist at TS Lombard said the economy appeared to be slowing down, noting reports from Macy's, Nordstrom and other retailers talking of a weak December, and he expected the shutdown to hurt first quarter growth.
"Some of it will come back in the second quarter, but there will be some industries that will see lasting damage such as restaurant operators," he told .
These would include chains like McDonald's Corp, Chipotle Mexican Grill and Starbucks Corp, which analysts said will be unable to make up for lost sales to government workers during a shutdown.
The companies did not immediately respond to a request for comment.
Brian Cantor, managing director of Alvarez & Marsal's retail performance improvement group, said grocery chains, including Walmart Inc and Kroger, could feel the pinch of weaker discretionary spending. While food staples sales will hold up, typical add-on purchases like batteries, chips, magazines or chocolates will suffer, hurting profit margins.
Kroger CEO Rodney McMullen expressed this concern last week at a retail trade show. "From a customer standpoint ... they feel incredibly good about the economy, but very nervous about where are things headed," he said.
Walmart declined comment.
Small, independent retailers, which often serve low-income communities, may also suffer.
While the administration has assured funding through February for government transfer payments for the Supplemental Nutrition Assistance Program (SNAP), which provides food assistance to 19 million low income households, the shutdown has impaired granting new licenses and renewals.
Peter Larkin, President and Chief Executive of the National Grocers Association, sent a letter to Congress on Jan. 10, saying the shutdown prevents many independent retailers from acquiring SNAP licenses for their newly opened stores, and that more than 2,500 retailers have experienced a lapse or inability to reauthorize their license.
"The inability to acquire new SNAP licenses for newly-opened or purchased stores could have significant negative impacts to local economies," Larkin said.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Nandita Bose and Howard Schneider NEW YORK, Jan 18 () - After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters. Federal Reserve officials and many economists have long counted on continued robust consumer spending to keep the economy chugging along, despite headwinds from recent financial markets turbulence, trade conflicts and weakening global growth. The warning signs span the income spectrum - from the well-heeled possibly cutting back after their stocks got hammered last fall, to the poor potentially getting squeezed if a lingering government shutdown delays food assistance payments.
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The warning signs span the income spectrum - from the well-heeled possibly cutting back after their stocks got hammered last fall, to the poor potentially getting squeezed if a lingering government shutdown delays food assistance payments. A delay in refunds could also hurt home improvement chains, such as Home Depot, Lowe's Cos Inc and Wayfair Inc that see furniture purchases and early spring projects boost sales. Economists had already anticipated that higher interest rates and trade tensions would slow growth in household spending on goods and services after it hit $13 trillion last year.
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The government shutdown clouds the outlook for spending, retailers and the economy at large because executives and policymakers weigh not the direct impact of 800,000 federal workers going without pay, but also how much it can hurt consumer and business confidence. Steven Blitz, chief U.S. economist at TS Lombard said the economy appeared to be slowing down, noting reports from Macy's, Nordstrom and other retailers talking of a weak December, and he expected the shutdown to hurt first quarter growth. Peter Larkin, President and Chief Executive of the National Grocers Association, sent a letter to Congress on Jan. 10, saying the shutdown prevents many independent retailers from acquiring SNAP licenses for their newly opened stores, and that more than 2,500 retailers have experienced a lapse or inability to reauthorize their license.
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A delay in refunds could also hurt home improvement chains, such as Home Depot, Lowe's Cos Inc and Wayfair Inc that see furniture purchases and early spring projects boost sales. Chicago Federal Reserve President Charles Evans said last week that while the immediate effects of the shutdown on the U.S. $20.7-trillion economy would be small, the indirect, psychological impact could be substantial. Those investments could include things like upgrades to a retailer's supply chain, Yellen said.
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11245.0
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2019-01-15 00:00:00 UTC
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Fastenal (FAST) to Report Q4 Earnings: What's in the Offing?
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AAP
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https://www.nasdaq.com/articles/fastenal-fast-to-report-q4-earnings%3A-whats-in-the-offing-2019-01-15
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Fastenal CompanyFAST is scheduled to report fourth-quarter 2018 results on Jan 17, before the opening bell.
The company surpassed the Zacks Consensus Estimate by 2.9% in the las t report ed quarter. In fact, it reported positive earnings surprise in all the trailing four quarters, with average of 3.8%.
How are Estimates Faring?
Let's take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release. The Zacks Consensus Estimate for the quarter to be reported is currently pegged at 60 cents, remaining unchanged over the past 60 days. Nonetheless, this reflects an increase of 33.3% from the year-ago earnings of 45 cents per share. Revenues are expected to be $1.22 billion, up 12% year over year.
Fastenal Company Price and EPS Surprise
Fastenal Company Price and EPS Surprise | Fastenal Company Quote
Let's take a look at the factors that might affect the company's results in the fourth quarter.
Fastenal is expected to benefit from its core product offerings like Onsite Locations/vending machines/managed inventory. However, higher product and freight expenses, along with changes in product and customer mix raise concerns.
Vending Machines to Drive Growth: Over the past few quarters, Fastenal's sales have been driven by an increased installation of industrial vending machines. Sales through vending devices continued to grow at a double-digit pace, both in the first nine months and the third quarter of 2018, primarily due to higher installed base. Fastenal's signings of industrial vending devices grew 23.2% year over year in the quarter and were up more than 13% in the first nine months of 2018. Installed device count (as of Sep 30, 2018) increased 14% from the year-ago quarter. The trend is expected to continue in the to-be-reported quarter as well.
Onsite Locations to Boost Sales: A consistent increase in the number of on-site locations is likely to strengthen Fastenal's market share and boost quarterly numbers. As of Sep 30, 2018, it had 828 active sites, up 49.2% from a year ago. The increased number of onsite locations is likely to expand Fastenal's market share. The trend is expected to continue in the fourth quarter of 2018 as well. Fastenal aims to achieve 360-385 onsite signings in 2018, reflecting an increase from 270 signings in 2017.
Solid End-Market Demand: Robust construction market, especially the non-residential one, has been acting as a major tailwind for Fastenal's performance over the past few quarters. Non-residential construction grew 16.2% and manufacturing increased 13% in the third quarter, consistent with the second quarter's growth. The trend is likely to have continued in the fourth quarter of 2018 as well.
The company is expected to report impressive top- and bottom-line growth in the fourth quarter, courtesy of sustained strength in most of its end markets, as well as strong momentum in vending machine installations and onsite locations.
Gross Margin Pressure: Fastenal's changes in product and customer mix have been hurting the gross margin for quite some time now. In the first nine months of 2018, gross margins contracted 90 basis points year over year. Moreover, freight and product cost inflation added to the woes. That said, Fastenal remains optimistic about its performance in the second half of the year, given improved pricing expectation as well as reasonable gross margin comparisons through the rest of 2018.
Here is What Our Quantitative Model Predicts:
Fastenal does not have the right combination of the two key ingredients - a positive Earnings ESP and a Zacks Rank #3 (Hold) or higher - to increase the odds of an earnings beat. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Earnings ESP: Fastenal has an Earnings ESP of -0.65%.
Zacks Rank: T he company carries a Zacks Rank #4 (Sell), which decreases the predictive power of ESP.
Stocks to Consider
Here are some companies in the Zacks Retail-Wholesale sector, which according to our model have the right combination of elements to post an earnings beat in their respective quarters to be reported:
Ralph Lauren Corporation RL has an Earnings ESP of +0.78% and a Zacks Rank #3. The company is slated to report quarterly numbers on Feb 5, 2019.
Group 1 Automotive, Inc. GPI has an Earnings ESP of +1.32% and sports a Zacks Rank #1. The company is expected to report quarterly numbers on Feb 14, 2019.
Advance Auto Parts, Inc. AAP has an Earnings ESP of +2.01% and a Zacks Rank #3. The company is expected to report quarterly results on Feb 20.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP has an Earnings ESP of +2.01% and a Zacks Rank #3. Solid End-Market Demand: Robust construction market, especially the non-residential one, has been acting as a major tailwind for Fastenal's performance over the past few quarters. The company is expected to report impressive top- and bottom-line growth in the fourth quarter, courtesy of sustained strength in most of its end markets, as well as strong momentum in vending machine installations and onsite locations.
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Advance Auto Parts, Inc. AAP has an Earnings ESP of +2.01% and a Zacks Rank #3. Fastenal Company Price and EPS Surprise Fastenal Company Price and EPS Surprise | Fastenal Company Quote Let's take a look at the factors that might affect the company's results in the fourth quarter. Fastenal's signings of industrial vending devices grew 23.2% year over year in the quarter and were up more than 13% in the first nine months of 2018.
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Advance Auto Parts, Inc. AAP has an Earnings ESP of +2.01% and a Zacks Rank #3. Fastenal Company Price and EPS Surprise Fastenal Company Price and EPS Surprise | Fastenal Company Quote Let's take a look at the factors that might affect the company's results in the fourth quarter. Here is What Our Quantitative Model Predicts: Fastenal does not have the right combination of the two key ingredients - a positive Earnings ESP and a Zacks Rank #3 (Hold) or higher - to increase the odds of an earnings beat.
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Advance Auto Parts, Inc. AAP has an Earnings ESP of +2.01% and a Zacks Rank #3. Fastenal's signings of industrial vending devices grew 23.2% year over year in the quarter and were up more than 13% in the first nine months of 2018. The increased number of onsite locations is likely to expand Fastenal's market share.
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11246.0
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2019-01-14 00:00:00 UTC
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Ford (F), Jaguar Announce Job Cuts in Europe as Demand Wanes
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AAP
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https://www.nasdaq.com/articles/ford-f-jaguar-announce-job-cuts-in-europe-as-demand-wanes-2019-01-14
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Ford Motor CompanyF and Jaguar Land Rover announced heavy job cuts in Europe, per Reuters. Stricter emission standards, a sharp decline in the demand for diesel vehicles and a slump in global economies led by China might have prompted these automakers to take such a move.
In fact, a trade dispute between the United States and China as well as the exit of the U.K. from the European Union (which is awaiting) have destabilized the global auto market. The automakers across the globe are now reevaluating the profit proposition of the individual models and facilities, and reorienting their business models accordingly.
In recent quarters, Ford and Jaguar Land Rover - whose profits were strained compared with their peers - are making strong strides to transform their business in Europe. Ford's business restructuring in Europe will include job cuts, plant closures and the discontinuation of some models. Per the news, Ford's plans include the review of operations in Russian, exiting the family vans or MPV segment, and merging Ford U.K. and Ford Credit headquarters to attain 6% operating margin in Europe.
In 2018, Jaguar Land Rover witnessed a sharp decline of 21.6% in demand in China, which can be attributed to ongoing trade spat between the United States and China, and the economic slowdown in China. The company announced that it will cut 4,500 out of 42,500 jobs.
In the past six months, Ford has underperformed the industry it belongs to. The company's shares have lost 18.7% compared with 3.6% decrease recorded by the industry.
Ford currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are AB Volvo VLVLY , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Volvo has an expected long-term growth rate of 15%. Over the past month, shares of the company have gained 6.9%.
Advance Auto Parts has an expected long-term growth rate of 12.1%. Over the past year, shares of the company have increased 37.5%.
Fox Factory has an expected long-term growth rate of 17.9%. Over the past year, shares of the company have risen 59.5%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them 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
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few better-ranked stocks in the auto space are AB Volvo VLVLY , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2 (Buy). Stricter emission standards, a sharp decline in the demand for diesel vehicles and a slump in global economies led by China might have prompted these automakers to take such a move. In fact, a trade dispute between the United States and China as well as the exit of the U.K. from the European Union (which is awaiting) have destabilized the global auto market.
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A few better-ranked stocks in the auto space are AB Volvo VLVLY , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few better-ranked stocks in the auto space are AB Volvo VLVLY , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2 (Buy). In recent quarters, Ford and Jaguar Land Rover - whose profits were strained compared with their peers - are making strong strides to transform their business in Europe. Per the news, Ford's plans include the review of operations in Russian, exiting the family vans or MPV segment, and merging Ford U.K. and Ford Credit headquarters to attain 6% operating margin in Europe.
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A few better-ranked stocks in the auto space are AB Volvo VLVLY , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2 (Buy). In recent quarters, Ford and Jaguar Land Rover - whose profits were strained compared with their peers - are making strong strides to transform their business in Europe. Over the past month, shares of the company have gained 6.9%.
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11247.0
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2019-01-14 00:00:00 UTC
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Honda to Halt UK Production to Counter Possible Disruption
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AAP
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https://www.nasdaq.com/articles/honda-to-halt-uk-production-to-counter-possible-disruption-2019-01-14
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nan
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Honda Motor Co., Ltd.HMC announced that it will halt its operations in Britain for six days in April 2019, per Reuters. This Japanese auto giant took this step to counter possible disruptions, arising from the U.K.'s exit from the European Union.
Importantly, in case the U.K. leaves European Union without a trade deal, the production process of automakers will be severely hurt as these companies are heavily dependent on persistent delivery of auto parts for the production process.
In fact, Honda has been evaluating possible ways to deal with logistics and cross-border troubles, generating from the U.K.'s exit from the European Union on Mar 29, 2019. In order to ensure that this automaker is well-positioned to withstand all the possible outcomes, the company will shut U.K. production for six days in April.
Honda currently sports a Zacks Rank #1 (Strong Buy). In the second quarter of fiscal 2019, the company reported consolidated profit of ¥210.7 billion, up 21.2% from the year-ago period.
Honda has outperformed the industry it belongs to in the past six months. The company's shares have gained 0.4% against 15.3% decrease recorded by the industry.
A few other top-ranked stocks in the auto space are AB Volvo VLVLY , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Volvo has an expected long-term growth rate of 15%. Over the past month, shares of the company have gained 6.9%.
Advance Auto Parts has an expected long-term growth rate of 12.1%. Over the past year, shares of the company have increased 37.5%.
Fox Factory has an expected long-term growth rate of 17.9%. Over the past year, shares of the company have risen 59.5%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them 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
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few other top-ranked stocks in the auto space are AB Volvo VLVLY , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2 (Buy). This Japanese auto giant took this step to counter possible disruptions, arising from the U.K.'s exit from the European Union. In fact, Honda has been evaluating possible ways to deal with logistics and cross-border troubles, generating from the U.K.'s exit from the European Union on Mar 29, 2019.
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A few other top-ranked stocks in the auto space are AB Volvo VLVLY , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2 (Buy). Advance Auto Parts has an expected long-term growth rate of 12.1%. Fox Factory has an expected long-term growth rate of 17.9%.
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A few other top-ranked stocks in the auto space are AB Volvo VLVLY , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2 (Buy). Importantly, in case the U.K. leaves European Union without a trade deal, the production process of automakers will be severely hurt as these companies are heavily dependent on persistent delivery of auto parts for the production process. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few other top-ranked stocks in the auto space are AB Volvo VLVLY , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2 (Buy). Honda has outperformed the industry it belongs to in the past six months. Over the past month, shares of the company have gained 6.9%.
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11248.0
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2019-01-13 00:00:00 UTC
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Why O'Reilly Automotive Stock Smashed the Market in 2018
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AAP
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https://www.nasdaq.com/articles/why-oreilly-automotive-stock-smashed-market-2018-2019-01-13
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What happened
Shares of auto-parts retailer O'Reilly Automotive (NASDAQ: ORLY) rose 43.1% 2018, according to data from S&P Global Market Intelligence . It was a year of startling outperformance from the auto-parts retailers -- AutoZone (NYSE: AZO) and Advance Auto Parts (NYSE: AAP) also did very well in an otherwise lackluster year for the S&P 500 .
ORLY data by YCharts
There are probably three reasons O'Reilly and the others did so well. For starters, they all reported solid same-store-sales growth in 2018, marking somewhat of a recovery from a period of weakness.
Revenue growth at auto-parts retailers is partly dependent on weather -- as extreme weather in winter and summer puts stress on cars -- as well as on miles driven and the age of the automobiles. Vehicles more than seven years old are typically the sweet spot for auto-parts retailers.
Therefore, after a couple of years of mild winters, O'Reilly, AutoZone and Advance Auto Parts found themselves surpassping easier comparable numbers from previous years, aided by a pickup in the economy in 2018 that encouraged a record year for miles driven.
Second, fears over a cyclical slowdown in the economy fed through into a defensive mentality in the market, and investors may have decided to switch away from more cyclically aligned stocks toward auto-parts retailers -- traditionally seen as good recession-resistant stocks to buy .
Third, the slowdown in auto sales has encouraged investors to believe that the outlook for O'Reilly is going to get better in the coming years. After a few years of roaring new-car sales, the average age of the U.S. passenger car is now creeping up again .
Indeed, as Advance Auto Parts CEO Tom Greco argues , "the number of vehicles greater than seven years old is expected to grow in 2019 for the first time since 2015" -- a good omen for the sector.
So what
Perhaps the most interesting development is that the sector has somewhat demonstrated that isn't going to be demolished by Amazon.com 's (NASDAQ: AMZN) entry to the industry. There's little doubt that Amazon has pressured the industry, but O'Reilly et al. are likely to still have a key edge through their ability to have parts in stock that a customer -- particularly a business customer -- needs immediately.
Of course, when auto-parts retailers' sales were weak in 2016 and 2017, there was no end of speculation that Amazon was behind it. The performance in 2018 helped allay existentialist fears over the sector.
Now what
Investors fearing the worst from the economy in 2019 are likely to still favor buying stock in the sector, but given the strong rise in 2018, O'Reilly and the others need to deliver on their potential. The sector was left for dead at the start of 2018, but now that positive expectations have been baked into valuations, investors need to keep a very close eye on all three companies to see whether they meet expectations in 2019.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It was a year of startling outperformance from the auto-parts retailers -- AutoZone (NYSE: AZO) and Advance Auto Parts (NYSE: AAP) also did very well in an otherwise lackluster year for the S&P 500 . What happened Shares of auto-parts retailer O'Reilly Automotive (NASDAQ: ORLY) rose 43.1% 2018, according to data from S&P Global Market Intelligence . Indeed, as Advance Auto Parts CEO Tom Greco argues , "the number of vehicles greater than seven years old is expected to grow in 2019 for the first time since 2015" -- a good omen for the sector.
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It was a year of startling outperformance from the auto-parts retailers -- AutoZone (NYSE: AZO) and Advance Auto Parts (NYSE: AAP) also did very well in an otherwise lackluster year for the S&P 500 . What happened Shares of auto-parts retailer O'Reilly Automotive (NASDAQ: ORLY) rose 43.1% 2018, according to data from S&P Global Market Intelligence . Therefore, after a couple of years of mild winters, O'Reilly, AutoZone and Advance Auto Parts found themselves surpassping easier comparable numbers from previous years, aided by a pickup in the economy in 2018 that encouraged a record year for miles driven.
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It was a year of startling outperformance from the auto-parts retailers -- AutoZone (NYSE: AZO) and Advance Auto Parts (NYSE: AAP) also did very well in an otherwise lackluster year for the S&P 500 . Therefore, after a couple of years of mild winters, O'Reilly, AutoZone and Advance Auto Parts found themselves surpassping easier comparable numbers from previous years, aided by a pickup in the economy in 2018 that encouraged a record year for miles driven. Second, fears over a cyclical slowdown in the economy fed through into a defensive mentality in the market, and investors may have decided to switch away from more cyclically aligned stocks toward auto-parts retailers -- traditionally seen as good recession-resistant stocks to buy .
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It was a year of startling outperformance from the auto-parts retailers -- AutoZone (NYSE: AZO) and Advance Auto Parts (NYSE: AAP) also did very well in an otherwise lackluster year for the S&P 500 . Third, the slowdown in auto sales has encouraged investors to believe that the outlook for O'Reilly is going to get better in the coming years. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and O'Reilly Automotive wasn't one of them!
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11249.0
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2019-01-09 00:00:00 UTC
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Genuine Parts (GPC) Closes Hennig Fahrzeugteile Acquisition
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AAP
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https://www.nasdaq.com/articles/genuine-parts-gpc-closes-hennig-fahrzeugteile-acquisition-2019-01-09
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Genuine Parts Company 's GPC wholly-owned automotive distribution company Alliance Automotive Group ("AAG") has closed the acquisition of German Hennig Fahrzeugteile Group. Based in Atlanta, GA, Genuine Parts expects the acquired business to generate annual revenues of around $190 million.
Genuine Parts is engaged in the distribution of automotive and industrial replacement parts, office products, and electrical/electronic materials in the United States, Canada and Mexico.
Headquartered in Essen, North Rhine-Westphalia, Hennig Fahrzeugteile Group is a leading supplier of vehicle parts in Germany. With 31 branches across Germany, the company caters to more than 9,000 customers, primarily independent workshops and retailers. The acquisition of Hennig Fahrzeugteile Group by London, U.K.-based AAG is likely to bolster its presence and scale in Germany.
Notably, Genuine Parts frequently makes investments and undertakes acquisitions for both industrial & automotive segments to improve product offerings and expand the geographical footprint. In October 2018, AAG completed the acquisition of two automotive businesses in the U. K.
Genuine Parts has outperformed the industry it belongs to in the past six months. The company's shares have gained 1.8% against 8.6% decrease recorded by the industry.
Genuine Parts currently carries a Zacks Rank #2 (Buy).
A few other top-ranked stocks in the auto space are General Motors Company GM , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF . While General Motors currently sports a Zacks Rank #1 (Strong Buy), Advance Auto Parts and Fox Factory carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
General Motors has an expected long-term growth rate of 8.5%. Over the past three months, shares of the company have gained 6.7%.
Advance Auto Parts has an expected long-term growth rate of 12.1%. Over the past year, shares of the company have increased 44.7%.
Fox Factory has an expected long-term growth rate of 17.9%. Over the past year, shares of the company have risen 65.5%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them 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
General Motors Company (GM): Free Stock Analysis Report
Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Genuine Parts Company (GPC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few other top-ranked stocks in the auto space are General Motors Company GM , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF . Click to get this free report General Motors Company (GM): Free Stock Analysis Report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Genuine Parts Company (GPC): Free Stock Analysis Report To read this article on Zacks.com click here. Headquartered in Essen, North Rhine-Westphalia, Hennig Fahrzeugteile Group is a leading supplier of vehicle parts in Germany.
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A few other top-ranked stocks in the auto space are General Motors Company GM , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF . Click to get this free report General Motors Company (GM): Free Stock Analysis Report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Genuine Parts Company (GPC): Free Stock Analysis Report To read this article on Zacks.com click here. Genuine Parts Company 's GPC wholly-owned automotive distribution company Alliance Automotive Group ("AAG") has closed the acquisition of German Hennig Fahrzeugteile Group.
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Click to get this free report General Motors Company (GM): Free Stock Analysis Report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Genuine Parts Company (GPC): Free Stock Analysis Report To read this article on Zacks.com click here. A few other top-ranked stocks in the auto space are General Motors Company GM , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF . Genuine Parts Company 's GPC wholly-owned automotive distribution company Alliance Automotive Group ("AAG") has closed the acquisition of German Hennig Fahrzeugteile Group.
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A few other top-ranked stocks in the auto space are General Motors Company GM , Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF . Click to get this free report General Motors Company (GM): Free Stock Analysis Report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Genuine Parts Company (GPC): Free Stock Analysis Report To read this article on Zacks.com click here. Genuine Parts Company 's GPC wholly-owned automotive distribution company Alliance Automotive Group ("AAG") has closed the acquisition of German Hennig Fahrzeugteile Group.
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11250.0
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2019-01-08 00:00:00 UTC
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Daimler Unveils Partly-Automated Truck, To Invest 500M Euro
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https://www.nasdaq.com/articles/daimler-unveils-partly-automated-truck-to-invest-500m-euro-2019-01-08
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Per Financial Times, Daimler AGDDAIF will start selling Freightliner Cascadia in North America from this year. Equipped with "level two" software, this partially-automated truck uses information from radar and camera, and can hit the brake, accelerate and steer on its own at any speed.
The launch of this new truck is in sync with Daimler's pledge to lead the autonomous vehicle market. Off late, the market has been witnessing new entrants to take advantage of growing technology in the auto industry. Apart from the latest launch in 2019, Daimler will also invest €500 million to accelerate autonomous technology for trucks. This investment is expected to create 200 jobs, majorly in the United States. The fund will help the company to remain competitive in the market while developing technology. Further, it will aid Daimler to achieve the aim of developing highly automated vehicles within a decade.
Launching the first partially-automated truck will aid Daimler to gain traction in North America after delivering 500,000 trucks globally in 2018, which marked the highest in a decade. The company's truck division has been struggling to drive profits, owing to an upsurge in expenses to develop electric and autonomous technology. Further, this latest launch will fuel competition in the region during a time, when the market is forecasted to remain soft.
Daimler AG Price and Consensus
Daimler AG Price and Consensus | Daimler AG Quote
Daimler expects the region's demand to be strong, similar to the last year. Further, this commercial-vehicle manufacturer expects demand to moderate by the second half of 2019. Per Bloomberg Intelligence estimates, the truck market will reach its top-most level in 2019, since its rising in 2006.
The company's truck division has been generating profits compared with its other segments. During third-quarter 2018, it sold 136,000 trucks, leading to 9% yearly rise in revenues. In 2018, Daimler expects the truck segment to grow in NAFTA, Brazil, Indonesia and India, thus, adding to its profit margin.
In third-quarter 2018, Daimler's earnings before interest and tax (EBIT) fell 27% year over year to 2.49 billion euros ($2.85 billion), majorly due to the challenging environment in Europe along with expenses for proceedings related to emission issues in various regions. For 2018, the company expects EBIT to be significantly below the prior-year level.
Price Performance
Over the past month, shares of Daimler have gained 4% against the industry 's decline of 0.4%.
Zacks Rank & Other Key Picks
Daimler currently carries a Zacks Rank #2 (Buy). A few other top-ranked stocks in the broader auto sector are Bridgestone Corporation BRDCY , Advance Auto Parts, Inc. AAP and General Motors Company GM , each carrying a Zacks Rank of 2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Bridgestone has an expected long-term growth rate of 4.7%. Share price of the company has increased 5.1% in the past six months.
Advance Auto has an expected long-term growth rate of 12.1%. Over the past six months, shares of the company have gained 14.3%.
General Motors has an expected long-term growth rate of 8.5%. Shares of the company have gained 5.2% in the past three months.
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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
General Motors Company (GM): Free Stock Analysis Report
Daimler AG (DDAIF): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Bridgestone Corp. (BRDCY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few other top-ranked stocks in the broader auto sector are Bridgestone Corporation BRDCY , Advance Auto Parts, Inc. AAP and General Motors Company GM , each carrying a Zacks Rank of 2. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Bridgestone Corp. (BRDCY): Free Stock Analysis Report To read this article on Zacks.com click here. Equipped with "level two" software, this partially-automated truck uses information from radar and camera, and can hit the brake, accelerate and steer on its own at any speed.
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A few other top-ranked stocks in the broader auto sector are Bridgestone Corporation BRDCY , Advance Auto Parts, Inc. AAP and General Motors Company GM , each carrying a Zacks Rank of 2. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Bridgestone Corp. (BRDCY): Free Stock Analysis Report To read this article on Zacks.com click here. Daimler AG Price and Consensus Daimler AG Price and Consensus | Daimler AG Quote Daimler expects the region's demand to be strong, similar to the last year.
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A few other top-ranked stocks in the broader auto sector are Bridgestone Corporation BRDCY , Advance Auto Parts, Inc. AAP and General Motors Company GM , each carrying a Zacks Rank of 2. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Bridgestone Corp. (BRDCY): Free Stock Analysis Report To read this article on Zacks.com click here. Daimler AG Price and Consensus Daimler AG Price and Consensus | Daimler AG Quote Daimler expects the region's demand to be strong, similar to the last year.
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A few other top-ranked stocks in the broader auto sector are Bridgestone Corporation BRDCY , Advance Auto Parts, Inc. AAP and General Motors Company GM , each carrying a Zacks Rank of 2. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Bridgestone Corp. (BRDCY): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from the latest launch in 2019, Daimler will also invest €500 million to accelerate autonomous technology for trucks.
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11251.0
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2019-01-08 00:00:00 UTC
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Portfolios Making Up For Lost Time
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https://www.nasdaq.com/articles/portfolios-making-lost-time-2019-01-08
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Remember, the latest episode of the Zacks Ultimate Strategy Session will be available for viewing no later than this Wednesday, January 9. Kevin Matras, Tracey Ryniec, Ryan McQueeney and Kevin Cook will cover the investment landscape from several angles in this informative event.
Don't miss your chance to hear:
• Tracey and Ryan Agree to Disagree whether Apple is "doomed" going forward given the decline in iPhone sales and lack of visionary leadership
• Kevin M. answers your questions in Zacks Mailbag
• Kevin C. and Ryan choose one portfolio to give feedback for improvement
• And much more
So be sure to mark your calendar then log on to Zacks.com and bookmark this page.
The market returned from the weekend with the U.S. and China already talking trade in Beijing. Could we be in store for even more good news after Friday's twofer of a strong jobs report and a "patient" Fed?
Well, let's not get ahead of ourselves. There was precious little good news in the final three months of 2018 that mattered to the market, so it wouldn't be smart to get too confident right now.
But a little bit of optimism is certainly warranted after the run we've enjoyed since Dec 26. Stocks have come back from the brink of a bear market, which is officially considered to be a 20% decline from the highs. The S&P got within 0.22% of that mark, but has since rallied more than 8.5%.
On Monday, the major indices managed another session of gains. The NASDAQ jumped 1.26% to 6823.47, while the S&P advanced 0.70% to 2549.69. The Dow was up 0.42% (or just under 100 points) to 23,531.35. As you'd expect, it was a volatile session with each of the major indices closing well off their highs. For example, the Dow was up more than 200 points today at its best.
Another sign of optimism moving forward is that the editors are sounding more and more bullish. Like a lot of investors, they've spent most of the past several months waiting for the correction to hit bottom. On Monday, we saw one of the more active sessions in a long while as portfolios took advantage of recent gains to bank solid profits while also adding new stocks that were beaten down in the market plunge. Let's get right to all the action…
Today's Portfolio Highlights:
Home Run Investor: Back in early November, fashion accessories retailer Fossil Group (FOSL) reported a solid quarter with a positive surprise of 272%! But the market was too concerned with the correction at the time to give the stock any love. In fact, the shorts pounced on FOSL and took a huge 30% short interest position. However, the situation has changed here in early January. With the correction seemingly over and the holidays looking strong, Brian Bolan thinks the shorts are going to be squeezed big time. Therefore, he added this Zacks Rank #1 (Strong Buy) on Monday and might be buying again on Wednesday. Read the full write-up for more.
Counterstrike: The market correction didn't leave many opportunities for the editors to secure really nice returns, so Jeremy is taking advantage of the recent bounce back to put some money in his pocket. He sold software solutions provider Splunk (SPLK) for a 14% return in just a little over two weeks. The editor also cashed in half of the portfolio's position in Lululemon (LULU). This yoga apparel retailer was the service's best performer, so it makes sense to take a nice 14.5% profit but still keep half just in case the momentum continues.
The portfolio also bought a couple names on Monday, including a 5% position in footwear retailer Shoe Carnival (SCVL). Rising earnings estimates have Jeremy thinking that this Zacks Rank #1 (Strong Buy) is set for a seventh straight beat when i t report s again in March. Plus, the editor was impressed with how well SCVL held up during the correction.
In a completely different type of move, Jeremy also decided to short sell Jack-in-the-Box (JACK) with a 7% allocation. The chart for this popular restaurant company is on a clear downward path, especially after a negative earnings surprise in its most recent quarter and its status as a Zacks Rank #5 (Strong Sell) due to lowered earnings estimates. The bounce back in the market has lifted JACK to the point where the editor thinks it's a good short candidate. Read a lot more about today's moves in the full write-up.
Healthcare Innovators: It's a good day for biotech after news that Eli Lilly would buy cancer fighter Loxo Oncology, along with positive data on a postpartum depression treatment at Sage Therapeutics. Kevin acted fast on Monday to buy Sangamo Therapeutics (SGMO) while the biotech was still around $12. Though not a takeover candidate, SGMO's pipeline and R&D progress means it should capitalize on any positive trends in the industry.
Axsome Therapeutics (AXSM) also enjoyed some positive trial data for a depression treatment, but Kevin decided to sell this name and secure an impressive 164.2% return. The editor thinks the company will use this data and recent brokerage upgrades to secure additional funding for operations and R&D with a secondary offering. Read the complete commentary for more on all of today's moves.
Stocks Under $10: The short sellers just keep pressing their luck with GoPro (GPRO), having increased their short interest by 7% to 30.6 million quite recently. Brian Bolan thinks it's a pretty dangerous move as the situation for this wearable action cameras company appears to be improving. It has beaten the Zacks Consensus Estimate for three straight quarters now and analysts believe it will be profitable in 2019. The editor thinks this beaten down name will find its footing now that the correction seems to be over, so he added it to the portfolio on Monday. Read the full write-up for more.
Insider Trader: Ever since adding Eldorado Resorts (ERI) in mid-November, this gaming company has been volatile. Now that stocks have been on the rise of late, Tracey decided to sell half the position to secure a nearly 10% return regardless of what happens from here. The editor will hang onto the other half and see what develops.
Technology Innovators: The shorts are really bailing on MACOM Tech Solutions (MTSI), covering about 10% in the past two weeks. However, there's still a 14% short interest in this chipmaker, which means there's plenty of potential for even more upside. In fact, Brian Bolan thinks this $15 name could make it $20 in the near term if the shorts keep covering. Read the full write-up for a lot more on this new addition.
Black Box Trader: The portfolio swapped out six positions in this week's adjustment and banked four profits along the way. The stocks sold today include:
• Walmart (WMT, +9.4%)
• Hertz Global Holdings (HTZ, +5.2%)
• American Outdoor Brands (AOBC, +2.9%)
• Advance Auto Parts (AAP, +2.3%)
• RH (RH)
• TEGNA (TGNA)
The new buys that replaced these names are:
• Rent-A-Center (RCII)
• Tractor Supply Co. (TSCO)
• HCA Healthcare (HCA)
• Sealed Air Corp. (SEE)
• T-Mobile US (TMUS)
• MDU Resources Group (MDU)
Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing.
Zacks Confidential: Stocks have rallied approximately 9% from the lows of the correction. So is it over? Have we seen the worst of this pullback? No one knows for certain, but Brian Bolan has a feeling that this selloff is over. Kevin agrees with him, which is why Brian was handed the reins to this week's Zacks Confidential . Learn about the reasons for this rebound and why traders are getting more bullish. Also, get three recommendations by clicking: Selloff Ends, Time to Get Bullish.
All the Best,
Jim Giaquinto
Recommendations from Zacks' Private Portfolios:
Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The stocks sold today include: • Walmart (WMT, +9.4%) • Hertz Global Holdings (HTZ, +5.2%) • American Outdoor Brands (AOBC, +2.9%) • Advance Auto Parts (AAP, +2.3%) Let's get right to all the action… Today's Portfolio Highlights: Home Run Investor: Back in early November, fashion accessories retailer Fossil Group (FOSL) reported a solid quarter with a positive surprise of 272%! Counterstrike: The market correction didn't leave many opportunities for the editors to secure really nice returns, so Jeremy is taking advantage of the recent bounce back to put some money in his pocket.
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The stocks sold today include: • Walmart (WMT, +9.4%) • Hertz Global Holdings (HTZ, +5.2%) • American Outdoor Brands (AOBC, +2.9%) • Advance Auto Parts (AAP, +2.3%) Let's get right to all the action… Today's Portfolio Highlights: Home Run Investor: Back in early November, fashion accessories retailer Fossil Group (FOSL) reported a solid quarter with a positive surprise of 272%! Axsome Therapeutics (AXSM) also enjoyed some positive trial data for a depression treatment, but Kevin decided to sell this name and secure an impressive 164.2% return.
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The stocks sold today include: • Walmart (WMT, +9.4%) • Hertz Global Holdings (HTZ, +5.2%) • American Outdoor Brands (AOBC, +2.9%) • Advance Auto Parts (AAP, +2.3%) Don't miss your chance to hear: • Tracey and Ryan Agree to Disagree whether Apple is "doomed" going forward given the decline in iPhone sales and lack of visionary leadership • Kevin M. answers your questions in Zacks Mailbag • Kevin C. and Ryan choose one portfolio to give feedback for improvement • And much more So be sure to mark your calendar then log on to Zacks.com and bookmark this page. On Monday, we saw one of the more active sessions in a long while as portfolios took advantage of recent gains to bank solid profits while also adding new stocks that were beaten down in the market plunge.
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The stocks sold today include: • Walmart (WMT, +9.4%) • Hertz Global Holdings (HTZ, +5.2%) • American Outdoor Brands (AOBC, +2.9%) • Advance Auto Parts (AAP, +2.3%) The bounce back in the market has lifted JACK to the point where the editor thinks it's a good short candidate. Read a lot more about today's moves in the full write-up.
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11252.0
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2019-01-07 00:00:00 UTC
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Tesla (TSLA) to Break Ground on Gigafactory Plant in China
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https://www.nasdaq.com/articles/tesla-tsla-to-break-ground-on-gigafactory-plant-in-china-2019-01-07
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Per Reuters, electric vehicle (EV) pioneer Tesla, Inc.TSLA is finally breaking ground for its Shanghai Gigafactory following a lot of planning. This is likely to strengthen its presence in the world's biggest auto market wherein it encounters growing competition from several domestic rivals and also suffers soft sales due to elevated tariffs on U.S. imports.
Last year, the auto giant inked a deal with the Shanghai government for building the 500,000-unit factory. In order to grab more than 200 acres of land for the planned Gigafactory 3, Tesla shelled out $140 million. This will be the auto maker's first vehicles manufacturing facility outside the United States. The company, which intends to begin production in 2019, is likely to churn out around 250,000 vehicles annually in the initial stage including the Model 3 and Model Y.
China Lure
A production base in China is critical for Tesla, which is fighting the odds of possible waning demand in the United States, particularly after the reductions of tax credits for the EVs. The company has decided to lower the price of all its models by $2,000 to partially compensate the loss of subsidy.
A wholly owned manufacturing facility in China would mean that the auto giant Tesla won't have to share its profits and technology with Chinese partners. Domestic production will protect Tesla against high import duties resulting from the China-U.S. trade spat.
Shares of Tesla have outperformed the industry it belongs to in the past six months. The stock has slipped 0.2% compared with the 12.6% decrease of its industry.
Tesla currently has a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Advance Auto Parts has an expected long-term growth rate of 12.1%. Over the past year, shares of the company have surged 42.6%.
Fox Factory has an expected long-term growth rate of 17.9%. In a year's time, the stock has soared 54.6%.
CarGurus has an expected long-term growth rate of 5%. In a year, shares of the company have rallied 9.4%.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today for 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
Tesla, Inc. (TSLA): Free Stock Analysis Report
Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
CarGurus, Inc. (CARG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few better-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2 (Buy). Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. Per Reuters, electric vehicle (EV) pioneer Tesla, Inc.TSLA is finally breaking ground for its Shanghai Gigafactory following a lot of planning.
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A few better-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2 (Buy). Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few better-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2 (Buy). Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. A wholly owned manufacturing facility in China would mean that the auto giant Tesla won't have to share its profits and technology with Chinese partners.
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A few better-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2 (Buy). Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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11253.0
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2019-01-04 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Netflix, Square, Etsy, Intel
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https://www.nasdaq.com/articles/us-stocks-move-netflix-square-etsy-intel-2019-01-04
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The Day Ahead newsletter:
The Morning News Call newsletter:
U.S. stocks surged over 2.5 percent on Friday, boosted by a robust U.S. jobs report, plans for fresh Sino-U.S. trade talks and as Federal Reserve Chairman Jerome Powell pledged patience and sensitivity to risks in the markets.
The top three S&P 500 percentage gainers:
** Mattel Inc, up 10 pct
** Advanced Micro Devices Inc, up 9.6 pct
** Netflix Inc, up 9 pct
The top three S&P 500 percentage losers:
** Gap Inc, down 1.8 pct
** Macys Inc, down 1.5 pct
** Advance Auto Parts Inc, down 1.3 pct
The top three NYSE percentage gainers:
** American Midstream Partners LP, up 25.2 pct
** FTE Networks Inc, up 21.1 pct
** Bloom Energy Corp, up 16.1 pct
The top NYSE percentage loser:
** Arcus Biosciences Inc, down 16.7 pct
The top three Nasdaq percentage gainers:
** Phunware Inc, up 66 pct
** Borqs Technologies Inc, up 42.8 pct
** Interlink Electronics Inc, up 23.2 pct
** Bristol-Myers Squibb Co: up 3.3 pct
** Celgene Corp: up 5.6 pct
More biotech M&As likely; Shield Therapeutics, Motif Bio potential targets - Peel Hunt
** Allergan Plc: up 3.9 pct
Allergan stock salvageable and cheap - Mizuho
** Addus Homecare Corp: up 2.1 pct
** Amedisys Inc: up 2.8 pct
** AMN Healthcare Services Inc: up 2.8 pct
** Encompass Health Corp: up 2.3 pct
** HCA Healthcare Inc: up 2.8 pct
** LHC Group Inc: up 2.4 pct
** RadNet Inc: up 5.0 pct
Jefferies cautious on healthcare services companies
** Netflix Inc: up 9.1 pct
Rises on entering Goldman Sachs' 'conviction list'
** Regeneron Pharmaceuticals Inc: up 6.7 pct
Guggenheim upgrades on lower Eylea, Dupixent competition concerns
** Square Inc: up 13.7 pct
Rises after naming new CFO
** Snap Inc: up 3.6 pct
Goldman cuts to 'neutral' on concerns over user growth
** Etsy Inc: up 8.1 pct
Rises after Goldman Sachs says 'buy'
** Intel Corp: up 5.1 pct
Intel gains, BofA Merrill says well positioned to outperform peers in 2019
** Perrigo Company PLC: up 5.0 pct
Perrigo's Irish tax dispute adds to its challenges - RBC
** Dell Technologies Inc: up 2.1 pct
BofA sees strong portfolio, initiates with "buy"
** Novavax Inc: up 2.9 pct
Jumps on positive mid-stage data for vaccine treating flu in adults
** RPM International Inc: down 3.4 pct
Drops on quarterly sales miss, signals lower Q3 earnings
** GameStop Corp: up 14.1 pct
GameStop shares jump on report buyout deal could be announced in Feb
** Flex Pharma Inc: up 58.7 pct
Jumps on merger deal with cancer treatment developer Salarius
** Flexion Therapeutics Inc: up 3.5 pct
Falls on lower-than-expected revenue forecast
** Mersana Therapeutics Inc: up 2.5 pct
Falls after scrapping development of cancer drug
** AmpliPhi Biosciences Corp: up 13.0 pct
Climbs on entering deal to merge with C3J Therapeutics
** United Parcel Service Inc: up 3.0 pct
Top rated RJ analyst says co delivered strong holiday execution
** Biogen Inc: up 4.5 pct
Rises on deals to bolster neurological disease treatments
** Marriott International Inc: up 5.1 pct
Rises after lowering estimate on size of Starwood hack
** Varian Medical Systems Inc: up 8.0 pct
Gains after GS upgrades to "buy"
** American Midstream Partners LP: up 25.2 pct
Surges but traded below ArcLight's new offer price
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks surged over 2.5 percent on Friday, boosted by a robust U.S. jobs report, plans for fresh Sino-U.S. trade talks and as Federal Reserve Chairman Jerome Powell pledged patience and sensitivity to risks in the markets. The top three S&P 500 percentage gainers: ** Mattel Inc, up 10 pct ** Advanced Micro Devices Inc, up 9.6 pct ** Netflix Inc, up 9 pct The top three S&P 500 percentage losers: ** Gap Inc, down 1.8 pct ** Macys Inc, down 1.5 pct ** Advance Auto Parts Inc, down 1.3 pct The top three NYSE percentage gainers: ** American Midstream Partners LP, up 25.2 pct ** FTE Networks Inc, up 21.1 pct ** Bloom Energy Corp, up 16.1 pct The top NYSE percentage loser: ** Arcus Biosciences Inc, down 16.7 pct The top three Nasdaq percentage gainers: ** Phunware Inc, up 66 pct ** Borqs Technologies Inc, up 42.8 pct ** Interlink Electronics Inc, up 23.2 pct ** Bristol-Myers Squibb Co: up 3.3 pct ** Celgene Corp: up 5.6 pct More biotech M&As likely; Shield Therapeutics, Motif Bio potential targets - Peel Hunt ** Allergan Plc: up 3.9 pct Allergan stock salvageable and cheap - Mizuho ** Addus Homecare Corp: up 2.1 pct ** Amedisys Inc: up 2.8 pct ** AMN Healthcare Services Inc: up 2.8 pct ** Encompass Health Corp: up 2.3 pct ** HCA Healthcare Inc: up 2.8 pct ** LHC Group Inc: up 2.4 pct ** RadNet Inc: up 5.0 pct Jefferies cautious on healthcare services companies ** Netflix Inc: up 9.1 pct Rises on entering Goldman Sachs' 'conviction list' ** Regeneron Pharmaceuticals Inc: up 6.7 pct Guggenheim upgrades on lower Eylea, Dupixent competition concerns ** Square Inc: up 13.7 pct Rises after naming new CFO ** Snap Inc: up 3.6 pct Goldman cuts to 'neutral' on concerns over user growth ** Etsy Inc: up 8.1 pct Rises after Goldman Sachs says 'buy' ** Intel Corp: up 5.1 pct Intel gains, BofA Merrill says well positioned to outperform peers in 2019 ** Perrigo Company PLC: up 5.0 pct Perrigo's Irish tax dispute adds to its challenges - RBC ** Dell Technologies Inc: up 2.1 pct BofA sees strong portfolio, initiates with "buy" ** Novavax Inc: up 2.9 pct Jumps on positive mid-stage data for vaccine treating flu in adults ** RPM International Inc: down 3.4 pct Drops on quarterly sales miss, signals lower Q3 earnings ** GameStop Corp: up 14.1 pct GameStop shares jump on report buyout deal could be announced in Feb ** Flex Pharma Inc: up 58.7 pct Jumps on merger deal with cancer treatment developer Salarius ** Flexion Therapeutics Inc: up 3.5 pct Falls on lower-than-expected revenue forecast ** Mersana Therapeutics Inc: up 2.5 pct Falls after scrapping development of cancer drug ** AmpliPhi Biosciences Corp: up 13.0 pct Climbs on entering deal to merge with C3J Therapeutics ** United Parcel Service Inc: up 3.0 pct Top rated RJ analyst says co delivered strong holiday execution ** Biogen Inc: up 4.5 pct Rises on deals to bolster neurological disease treatments ** Marriott International Inc: up 5.1 pct Rises after lowering estimate on size of Starwood hack ** Varian Medical Systems Inc: up 8.0 pct Gains after GS upgrades to "buy" ** American Midstream Partners LP: up 25.2 pct Surges but traded below ArcLight's new offer price The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks surged over 2.5 percent on Friday, boosted by a robust U.S. jobs report, plans for fresh Sino-U.S. trade talks and as Federal Reserve Chairman Jerome Powell pledged patience and sensitivity to risks in the markets. The top three S&P 500 percentage gainers: ** Mattel Inc, up 10 pct ** Advanced Micro Devices Inc, up 9.6 pct ** Netflix Inc, up 9 pct The top three S&P 500 percentage losers: ** Gap Inc, down 1.8 pct ** Macys Inc, down 1.5 pct ** Advance Auto Parts Inc, down 1.3 pct The top three NYSE percentage gainers: ** American Midstream Partners LP, up 25.2 pct ** FTE Networks Inc, up 21.1 pct ** Bloom Energy Corp, up 16.1 pct The top NYSE percentage loser: ** Arcus Biosciences Inc, down 16.7 pct The top three Nasdaq percentage gainers: ** Phunware Inc, up 66 pct ** Borqs Technologies Inc, up 42.8 pct ** Interlink Electronics Inc, up 23.2 pct ** Bristol-Myers Squibb Co: up 3.3 pct ** Celgene Corp: up 5.6 pct More biotech M&As likely; Shield Therapeutics, Motif Bio potential targets - Peel Hunt ** Allergan Plc: up 3.9 pct Allergan stock salvageable and cheap - Mizuho ** Addus Homecare Corp: up 2.1 pct ** Amedisys Inc: up 2.8 pct ** AMN Healthcare Services Inc: up 2.8 pct ** Encompass Health Corp: up 2.3 pct ** HCA Healthcare Inc: up 2.8 pct ** LHC Group Inc: up 2.4 pct ** RadNet Inc: up 5.0 pct Jefferies cautious on healthcare services companies ** Netflix Inc: up 9.1 pct Rises on entering Goldman Sachs' 'conviction list' ** Regeneron Pharmaceuticals Inc: up 6.7 pct Guggenheim upgrades on lower Eylea, Dupixent competition concerns ** Square Inc: up 13.7 pct Rises after naming new CFO ** Snap Inc: up 3.6 pct Goldman cuts to 'neutral' on concerns over user growth ** Etsy Inc: up 8.1 pct Rises after Goldman Sachs says 'buy' ** Intel Corp: up 5.1 pct Intel gains, BofA Merrill says well positioned to outperform peers in 2019 ** Perrigo Company PLC: up 5.0 pct Perrigo's Irish tax dispute adds to its challenges - RBC ** Dell Technologies Inc: up 2.1 pct BofA sees strong portfolio, initiates with "buy" ** Novavax Inc: up 2.9 pct Jumps on positive mid-stage data for vaccine treating flu in adults ** RPM International Inc: down 3.4 pct Drops on quarterly sales miss, signals lower Q3 earnings ** GameStop Corp: up 14.1 pct GameStop shares jump on report buyout deal could be announced in Feb ** Flex Pharma Inc: up 58.7 pct Jumps on merger deal with cancer treatment developer Salarius ** Flexion Therapeutics Inc: up 3.5 pct Falls on lower-than-expected revenue forecast ** Mersana Therapeutics Inc: up 2.5 pct Falls after scrapping development of cancer drug ** AmpliPhi Biosciences Corp: up 13.0 pct Climbs on entering deal to merge with C3J Therapeutics ** United Parcel Service Inc: up 3.0 pct Top rated RJ analyst says co delivered strong holiday execution ** Biogen Inc: up 4.5 pct Rises on deals to bolster neurological disease treatments ** Marriott International Inc: up 5.1 pct Rises after lowering estimate on size of Starwood hack ** Varian Medical Systems Inc: up 8.0 pct Gains after GS upgrades to "buy" ** American Midstream Partners LP: up 25.2 pct Surges but traded below ArcLight's new offer price The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks surged over 2.5 percent on Friday, boosted by a robust U.S. jobs report, plans for fresh Sino-U.S. trade talks and as Federal Reserve Chairman Jerome Powell pledged patience and sensitivity to risks in the markets. The top three S&P 500 percentage gainers: ** Mattel Inc, up 10 pct ** Advanced Micro Devices Inc, up 9.6 pct ** Netflix Inc, up 9 pct The top three S&P 500 percentage losers: ** Gap Inc, down 1.8 pct ** Macys Inc, down 1.5 pct ** Advance Auto Parts Inc, down 1.3 pct The top three NYSE percentage gainers: ** American Midstream Partners LP, up 25.2 pct ** FTE Networks Inc, up 21.1 pct ** Bloom Energy Corp, up 16.1 pct The top NYSE percentage loser: ** Arcus Biosciences Inc, down 16.7 pct The top three Nasdaq percentage gainers: ** Phunware Inc, up 66 pct ** Borqs Technologies Inc, up 42.8 pct ** Interlink Electronics Inc, up 23.2 pct ** Bristol-Myers Squibb Co: up 3.3 pct ** Celgene Corp: up 5.6 pct More biotech M&As likely; Shield Therapeutics, Motif Bio potential targets - Peel Hunt ** Allergan Plc: up 3.9 pct Allergan stock salvageable and cheap - Mizuho ** Addus Homecare Corp: up 2.1 pct ** Amedisys Inc: up 2.8 pct ** AMN Healthcare Services Inc: up 2.8 pct ** Encompass Health Corp: up 2.3 pct ** HCA Healthcare Inc: up 2.8 pct ** LHC Group Inc: up 2.4 pct ** RadNet Inc: up 5.0 pct Jefferies cautious on healthcare services companies ** Netflix Inc: up 9.1 pct Rises on entering Goldman Sachs' 'conviction list' ** Regeneron Pharmaceuticals Inc: up 6.7 pct Guggenheim upgrades on lower Eylea, Dupixent competition concerns ** Square Inc: up 13.7 pct Rises after naming new CFO ** Snap Inc: up 3.6 pct Goldman cuts to 'neutral' on concerns over user growth ** Etsy Inc: up 8.1 pct Rises after Goldman Sachs says 'buy' ** Intel Corp: up 5.1 pct Intel gains, BofA Merrill says well positioned to outperform peers in 2019 ** Perrigo Company PLC: up 5.0 pct Perrigo's Irish tax dispute adds to its challenges - RBC ** Dell Technologies Inc: up 2.1 pct BofA sees strong portfolio, initiates with "buy" ** Novavax Inc: up 2.9 pct Jumps on positive mid-stage data for vaccine treating flu in adults ** RPM International Inc: down 3.4 pct Drops on quarterly sales miss, signals lower Q3 earnings ** GameStop Corp: up 14.1 pct GameStop shares jump on report buyout deal could be announced in Feb ** Flex Pharma Inc: up 58.7 pct Jumps on merger deal with cancer treatment developer Salarius ** Flexion Therapeutics Inc: up 3.5 pct Falls on lower-than-expected revenue forecast ** Mersana Therapeutics Inc: up 2.5 pct Falls after scrapping development of cancer drug ** AmpliPhi Biosciences Corp: up 13.0 pct Climbs on entering deal to merge with C3J Therapeutics ** United Parcel Service Inc: up 3.0 pct Top rated RJ analyst says co delivered strong holiday execution ** Biogen Inc: up 4.5 pct Rises on deals to bolster neurological disease treatments ** Marriott International Inc: up 5.1 pct Rises after lowering estimate on size of Starwood hack ** Varian Medical Systems Inc: up 8.0 pct Gains after GS upgrades to "buy" ** American Midstream Partners LP: up 25.2 pct Surges but traded below ArcLight's new offer price The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks surged over 2.5 percent on Friday, boosted by a robust U.S. jobs report, plans for fresh Sino-U.S. trade talks and as Federal Reserve Chairman Jerome Powell pledged patience and sensitivity to risks in the markets. The top three S&P 500 percentage gainers: ** Mattel Inc, up 10 pct ** Advanced Micro Devices Inc, up 9.6 pct ** Netflix Inc, up 9 pct The top three S&P 500 percentage losers: ** Gap Inc, down 1.8 pct ** Macys Inc, down 1.5 pct ** Advance Auto Parts Inc, down 1.3 pct The top three NYSE percentage gainers: ** American Midstream Partners LP, up 25.2 pct ** FTE Networks Inc, up 21.1 pct ** Bloom Energy Corp, up 16.1 pct The top NYSE percentage loser: ** Arcus Biosciences Inc, down 16.7 pct The top three Nasdaq percentage gainers: ** Phunware Inc, up 66 pct ** Borqs Technologies Inc, up 42.8 pct ** Interlink Electronics Inc, up 23.2 pct ** Bristol-Myers Squibb Co: up 3.3 pct ** Celgene Corp: up 5.6 pct More biotech M&As likely; Shield Therapeutics, Motif Bio potential targets - Peel Hunt ** Allergan Plc: up 3.9 pct Allergan stock salvageable and cheap - Mizuho ** Addus Homecare Corp: up 2.1 pct ** Amedisys Inc: up 2.8 pct ** AMN Healthcare Services Inc: up 2.8 pct ** Encompass Health Corp: up 2.3 pct ** HCA Healthcare Inc: up 2.8 pct ** LHC Group Inc: up 2.4 pct ** RadNet Inc: up 5.0 pct Jefferies cautious on healthcare services companies ** Netflix Inc: up 9.1 pct Rises on entering Goldman Sachs' 'conviction list' ** Regeneron Pharmaceuticals Inc: up 6.7 pct Guggenheim upgrades on lower Eylea, Dupixent competition concerns ** Square Inc: up 13.7 pct Rises after naming new CFO ** Snap Inc: up 3.6 pct Goldman cuts to 'neutral' on concerns over user growth ** Etsy Inc: up 8.1 pct Rises after Goldman Sachs says 'buy' ** Intel Corp: up 5.1 pct Intel gains, BofA Merrill says well positioned to outperform peers in 2019 ** Perrigo Company PLC: up 5.0 pct Perrigo's Irish tax dispute adds to its challenges - RBC ** Dell Technologies Inc: up 2.1 pct BofA sees strong portfolio, initiates with "buy" ** Novavax Inc: up 2.9 pct Jumps on positive mid-stage data for vaccine treating flu in adults ** RPM International Inc: down 3.4 pct Drops on quarterly sales miss, signals lower Q3 earnings ** GameStop Corp: up 14.1 pct GameStop shares jump on report buyout deal could be announced in Feb ** Flex Pharma Inc: up 58.7 pct Jumps on merger deal with cancer treatment developer Salarius ** Flexion Therapeutics Inc: up 3.5 pct Falls on lower-than-expected revenue forecast ** Mersana Therapeutics Inc: up 2.5 pct Falls after scrapping development of cancer drug ** AmpliPhi Biosciences Corp: up 13.0 pct Climbs on entering deal to merge with C3J Therapeutics ** United Parcel Service Inc: up 3.0 pct Top rated RJ analyst says co delivered strong holiday execution ** Biogen Inc: up 4.5 pct Rises on deals to bolster neurological disease treatments ** Marriott International Inc: up 5.1 pct Rises after lowering estimate on size of Starwood hack ** Varian Medical Systems Inc: up 8.0 pct Gains after GS upgrades to "buy" ** American Midstream Partners LP: up 25.2 pct Surges but traded below ArcLight's new offer price The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11254.0
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2019-01-04 00:00:00 UTC
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Westport Fuel (WPRT) Down on Rising Raw Material Prices
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AAP
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https://www.nasdaq.com/articles/westport-fuel-wprt-down-on-rising-raw-material-prices-2019-01-04
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nan
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nan
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We issued an updated research report on Westport Fuel Systems Inc.WPRT on Jan 3.
Canada-based Westport Fuel is a developer, manufacturer, and supplier of advanced alternative fuel systems and components. In third-quarter 2018, the company reported adjusted net loss from continuing operations of 9 cents per share, missing the Zacks Consensus Estimate of 5 cents. Net loss per share from continuing operations was 15 cents per share in third-quarter 2017.
Westport Fuel's margin is strained by rise in raw material prices (majorly aluminum) due to high import tariffs. Further, advancement in technology for adding products in the portfolio is increasing the research development costs for the company. Moreover, it is encountering challenges due to fluctuations in the foreign exchange rate.
Over a month's time, shares of Westport Fuel have underperformed the industry it belongs to. Shares of the company lost 27.8% compared with the industry's decline of 9.1%.
However, Westport Fuel's suite of market-ready alternative fuel products will aid it to benefit from the rising demand for environmentally friendly vehicles. Further, the launch of Westport HPDI 2.0 will attract customers, who manufacture natural gas engine-based trucks.
Westport Fuel currently carries a Zacks Rank #4 (Sell).
A few better-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Advance Auto Parts has an expected long-term growth rate of 12.1%. Over the past year, shares of the company have increased 19.9%.
Fox Factory has an expected long-term growth rate of 17.9%. Over the past six months, shares of the company have risen 9.5%.
CarGurus has an expected long-term growth rate of 5%. Over the past year, shares of the company have rallied 7.6%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Westport Fuel Systems Inc. (WPRT): Free Stock Analysis Report
CarGurus, Inc. (CARG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few better-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2 (Buy). Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Westport Fuel Systems Inc. (WPRT): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. Westport Fuel's margin is strained by rise in raw material prices (majorly aluminum) due to high import tariffs.
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A few better-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2 (Buy). Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Westport Fuel Systems Inc. (WPRT): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. In third-quarter 2018, the company reported adjusted net loss from continuing operations of 9 cents per share, missing the Zacks Consensus Estimate of 5 cents.
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A few better-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2 (Buy). Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Westport Fuel Systems Inc. (WPRT): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. In third-quarter 2018, the company reported adjusted net loss from continuing operations of 9 cents per share, missing the Zacks Consensus Estimate of 5 cents.
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A few better-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2 (Buy). Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Westport Fuel Systems Inc. (WPRT): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. Canada-based Westport Fuel is a developer, manufacturer, and supplier of advanced alternative fuel systems and components.
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11255.0
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2019-01-04 00:00:00 UTC
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General Motors & DoorDash to Provide Self-Driving Delivery
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AAP
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https://www.nasdaq.com/articles/general-motors-doordash-to-provide-self-driving-delivery-2019-01-04
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nan
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nan
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General Motors Company 's GM self-driving car unit 'Cruise' and food delivery service 'DoorDash' are tying up to test autonomous technology for meal and grocery deliveries, per CNBC. The program, slated to begin in March, will deliver meals from certain restaurants. This will also include delivery of grocery items from some specific stores. Per the company, the program will initially be concentrated in the San Francisco area.
Auto giants are emphasizing on developing business models for driverless vehicles. In early 2018, the second-largest automaker Ford Motor Company F made the announcement of partnering with Domino's Pizza and delivery service 'Postmates' in Miami.
Starting a delivery service is a major opportunity for Cruise as the company looks for commercialization of the autonomous vehicle technology and to redefine transportation. Partnership with DoorDash will provide the company with the ability to advance its goal to deliver technology for the betterment and convenience of people. Notably, General Motors invested $1.1 billion in GM Cruise. Investments are expected to provide the capital that is necessary to reach commercialization at scale, beginning in 2019.
General Motors has underperformed the industry it belongs to in the past six months. The company's shares have declined 18.3% compared with 12.3% decrease recorded by the industry.
Currently, General Motors carries a Zacks Rank #2 (Buy) while Ford has a Zacks Rank #4 (Sell).
A couple of other top-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Advance Auto Parts has an expected long-term growth rate of 12.1%. Over the past year, shares of the company have increased 19.9%.
Fox Factory has an expected long-term growth rate of 17.9%. Over the past six months, shares of the company have risen 9.5%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report
General Motors Company (GM): Free Stock Analysis Report
Ford Motor Company (F): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A couple of other top-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2. Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. In early 2018, the second-largest automaker Ford Motor Company F made the announcement of partnering with Domino's Pizza and delivery service 'Postmates' in Miami.
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A couple of other top-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2. Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, General Motors carries a Zacks Rank #2 (Buy) while Ford has a Zacks Rank #4 (Sell).
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A couple of other top-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2. Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. General Motors Company 's GM self-driving car unit 'Cruise' and food delivery service 'DoorDash' are tying up to test autonomous technology for meal and grocery deliveries, per CNBC.
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A couple of other top-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP and Fox Factory Holding Corp. FOXF , each currently carrying a Zacks Rank #2. Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. General Motors Company 's GM self-driving car unit 'Cruise' and food delivery service 'DoorDash' are tying up to test autonomous technology for meal and grocery deliveries, per CNBC.
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11256.0
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2019-01-04 00:00:00 UTC
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5 Strong-Buy Stocks That Crushed 2018
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AAP
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https://www.nasdaq.com/articles/5-strong-buy-stocks-crushed-2018-2019-01-04
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As we start 2019, we decided to look back and compile the best-performing stocks from 2018. These are the stocks that emerged victorious from a year of extremely volatile trading. However, not all those stocks that crushed 2018 are still worth buying now.
Take TripAdvisor (NASDAQ: TRIP ) for example. Last year it put on a 54% sprint. But now the stock only has a "hold" analyst consensus.
"We continue to be concerned by TRIP's execution track record, its uncertain strategic position in Online Travel, and Revenue concentration risk from BKNG & EXPE" explains RBC Capital's Mark Mahaney.
However there are other outperformers that are primed for further growth, meaning they're still great buy opportunities. I used TipRanks to pinpoint 2018's most compelling names. These are the stocks you want to be focusing on right now. They score a "strong buy" consensus from the Street based on ratings from the last three months.
10 Oversold Stocks Due for a Bounce
Plus we can tune in to the Street's top analysts to see what they have to say. What's interesting is that even with their 2018 gains, many of these stocks still appear undervalued.
Let's dive in now.
Abiomed (ABMD)
Source: Shutterstock
2018 Change: 58%
Abiomed (NASDAQ: ABMD ) is a leading manufacturer of medical implant devices, including the AbioCor artificial heart and Impella. This is the world's smallest heart pump, often used in patients with severe heart failure. Heart disease is one of the leading causes of death in the U.S. Abiomed estimates that about 221,000 U.S. patients annually would benefit from procedures using Impella. Plus the stock doesn't just have a U.S. focus. It also operates in Europe and Japan, and even India.
"We feel shares are discounted nicely from their high" writes BTIG's Sean Lavin ( Track Record & Ratings ), after shares dropped 30% in the last three months. Nonetheless, shares are still up a whopping 250% over the last three years.
The five-star analyst continues: "ABMD is arguably the cleanest story in Med Tech and while the shares' valuation is not cheap, we feel the robust cash position, high margins, potential indication expansions and lack of competition support the argument for a premium multiple. Our $450 PT is based on 20x our 12-24 mo. sales est." His price target indicates upside of 27% from current levels.
Clearly Lavin isn't alone in his bullish take on this stock: ABMD has received only buy ratings from the Street in the last three months, with a $443 average price target. Interested in Abiomed stock? Get a free ABMD Stock Research Report.
Keysight Technologies (KEYS)
2018 Change: 42%
It's worth keeping a closer eye on Keysight Technologies (NYSE: KEYS ) as we head into the new year. Keysight is a U.S. company that manufactures electronics test and measurement equipment and software. As we can see, this is a stock with 100% Street support right now. That means only buy ratings (and a $74 average price target).
Goldman Sachs analyst Toshiya Hari ( Track Record & Ratings ) recently upgraded KEYS from "hold" to "buy." He cites the company's robust outlook and ramped up his price target from $66 to $76 (for 23% upside potential).
The company's sizable exposure to two end-markets, Communications and Defense, makes it a more defensive stock, Hari told investors. That's because these are two of the "right" markets with improving growth prospects.
Indeed, Stifel analyst John Marchetti cites "company specific tailwinds around 5G, automotive and software combined with a generally constructive view of the core T&M (test and measurement) market to drive revenue growth above the company's core target of 4%-5%," along with the company's flexible cost structure and strong operational controls.
10 Top Stock Picks From the Street's Best Analysts
He has a KEYS buy rating and $73 price target. Get the KEYS Stock Research Report.
Advance Auto Parts (AAP)
Source: Shutterstock
2018 Change: 60%
Advance Auto Parts (NYSE: AAP ) is the largest specialty retailer of automotive parts, accessories and maintenance items. We are talking over 4,600 stores and counting.
The stock put on a rip-roaring performance in 2018. Better weather and easing automotive headwinds both boosted results. Plus Advance Auto's accelerating top-line results outpaced that of the industry, suggesting solid market share gains.
However AAP remains undervalued. So says RBC Capital's Scot Ciccarelli ( Track Record & Ratings ). He has a "buy" rating on AAP with a $203 price target (for 30% upside).
"We remain bullish on the automotive aftermarket sector and believe industry trends should continue to improve as car parc headwinds transition to a multi-year tailwind" the analyst explains.
That's not all. Here's why he's particularly bullish on AAP: "Given its many years of underperformance, we believe Advance has the most 'upside' in the sector, as comps and margins are now both improving."
And with Advance's substantial earnings power, Ciccarelli remains on the buy side. Indeed this is a strong-buy stock according to the Street, with a $203 average price target. Get the AAP Stock Research Report.
O'Reilly Automotive (ORLY)
Source: JJBers via Flickr (modified)
2018 change: 41%
From one auto stock to another. RBC Capital's Scot Ciccarelli is also betting on O'Reilly Automotive (NASDAQ: ORLY ) for 2019. This is an auto parts retailer that provides automotive parts and tools to both professional service providers and DIY customers.
"Given the company's highly consistent top/bottom line growth we remain buyers of ORLY" the analyst writes. Notably, fundamentals are very solid and should continue to get better in 2019 from cyclical factors.
Meanwhile the analyst reiterates that auto parts tend to provide defensive positioning in a down market/softening economy. Indeed, the stock is now trading flat over the last three months - with May's 30% gains sticking tight.
7 Stocks to Sell In January
Ciccarelli has a $389 price target on ORLY (13% upside potential) and recommends buying "aggressively" on a pullback. Overall nine out of 12 analysts are bullish on this strong-buy stock. Their average price target: $377 (10% upside). Get the ORLY Stock Research Report.
Boston Scientific (BSX)
Source: Boston Scientific
2018 Change: 33%
Last but not least comes Boston Scientific (NYSE: BSX ). No less than 17 top analysts have published buy ratings on BSX over the last three months.
In fact, Needham's Michael Matson ( Track Record & Ratings ) calls this medtech stock one of his favorite strong-buy stocks for 2019. That's with a $43 price target. He approves of the company's decision to snap up the rest of Millipede for up to $450 million.
"While there are still clinical, commercialization, and integration risks and BSX is paying a high price for Millipede, we believe this transaction could lay the foundation for the mitral leg of BSX's Structural Heart franchise" Matson explains. This could eventually serve the needs of "a large and underpenetrated market."
In fact, BSX estimates the transcatheter mitral valve replacement markets could reach $1 billion combined by 2021. "We believe BSX has developed and demonstrated the capabilities to successfully identify, complete, and integrate acquisitions and expect M&A to remain a potential source of TAM expansion" the analyst concludes. Get the BSX Stock Research Report.
TipRanks.com offers exclusive insights for investors by focusing on the moves of experts: Analysts, Insiders, Bloggers, Hedge Fund Managers and more. See what the experts are saying about your stocks now at TipRanks.com . As of this writing, Harriet Lefton did not hold a position in any of the aforementioned securities.
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The post 5 Strong-Buy Stocks That Crushed 2018 appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) Source: Shutterstock 2018 Change: 60% Advance Auto Parts (NYSE: AAP ) is the largest specialty retailer of automotive parts, accessories and maintenance items. However AAP remains undervalued. He has a "buy" rating on AAP with a $203 price target (for 30% upside).
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Advance Auto Parts (AAP) Source: Shutterstock 2018 Change: 60% Advance Auto Parts (NYSE: AAP ) is the largest specialty retailer of automotive parts, accessories and maintenance items. However AAP remains undervalued. He has a "buy" rating on AAP with a $203 price target (for 30% upside).
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Advance Auto Parts (AAP) Source: Shutterstock 2018 Change: 60% Advance Auto Parts (NYSE: AAP ) is the largest specialty retailer of automotive parts, accessories and maintenance items. However AAP remains undervalued. He has a "buy" rating on AAP with a $203 price target (for 30% upside).
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Advance Auto Parts (AAP) Source: Shutterstock 2018 Change: 60% Advance Auto Parts (NYSE: AAP ) is the largest specialty retailer of automotive parts, accessories and maintenance items. However AAP remains undervalued. He has a "buy" rating on AAP with a $203 price target (for 30% upside).
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11257.0
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2019-01-03 00:00:00 UTC
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General Motors Reaches Federal Tax Credit Phase Out Limit
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AAP
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https://www.nasdaq.com/articles/general-motors-reaches-federal-tax-credit-phase-out-limit-2019-01-03
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nan
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nan
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Per Reuters, General Motors CompanyGM sold 200,000 electric vehicles (EVs) in the United States by the end of 2018. With this, the auto giant reached the limit, which may lead to the phasing out of a $7,500 federal tax credit over the next 15 months. Notably, the 200,000 figure includes this automaker's cumulative EV sales since 2010.
The federal tax credit is offered to lower the up-front costs of plug-in EVs. The manufacturer will be eligible for this tax credit up to 200,000 qualified EVs have been sold in the United States. Once that limit is reached, credit begins to phase out for the manufacturer. General Motors reached the limit in fourth-quarter 2018. This implies that in April the credit will decline to $3,750. Then, it will further decline to $1,875 in October for six months. By April 2020, the tax credit will disappear completely.
General Motors has been appealing for expanding the consumer tax credit for EVs as the company expanded production of the EV Bolt in response to consumer demand. In sync with its restructuring moves, this auto giant has been channelizing more resources to develop electric and self-driving vehicles.
General Motors has underperformed the industry it belongs to in the past six months. The company's shares have declined 13.2% compared with 10.5% decrease recorded by the industry.
Currently, General Motors carries a Zacks Rank #2 (Buy).
A few other top-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Advance Auto Parts has an expected long-term growth rate of 12.1%. Over the past year, shares of the company have increased 42.3%.
Fox Factory has an expected long-term growth rate of 17.9%. Over the past six months, shares of the company have risen 16.3%.
CarGurus has an expected long-term growth rate of 5%. Over the past year, shares of the company have rallied 9.6%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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
General Motors Company (GM): Free Stock Analysis Report
Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
CarGurus, Inc. (CARG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few other top-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. Per Reuters, General Motors CompanyGM sold 200,000 electric vehicles (EVs) in the United States by the end of 2018.
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A few other top-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. Per Reuters, General Motors CompanyGM sold 200,000 electric vehicles (EVs) in the United States by the end of 2018.
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A few other top-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. General Motors has been appealing for expanding the consumer tax credit for EVs as the company expanded production of the EV Bolt in response to consumer demand.
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A few other top-ranked stocks in the auto space are Advance Auto Parts, Inc. AAP , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG , each currently carrying a Zacks Rank #2. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. With this, the auto giant reached the limit, which may lead to the phasing out of a $7,500 federal tax credit over the next 15 months.
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11258.0
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2019-01-02 00:00:00 UTC
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5 Great S&P 500 Stocks to Buy in 2019
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AAP
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https://www.nasdaq.com/articles/5-great-sp-500-stocks-buy-2019-2019-01-02
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Wall Street staggered into 2019, leaving behind the worst year in a decade. Its three major benchmarks posted the worst annual performance since the financial crisis. The S&P 500, in particular, closed in the red for the first time in three years.
The year was also the first since 1948 when the index ended in losses after increasing in the first three quarters. But is it all doom and gloom as we head into 2019? Many market watchers would want us to believe so.
But on closer examination, a near-term recession seems unlikely. Meanwhile, the job market remains robust and the Trump administration continues to promise that the trade dispute with China will have an agreeable ending. This is why it makes sense to bet on select S&P 500 stocks, as the index is likely to close 2019 on a far better note.
Near-Term Recession Unlikely
Ultimately, most of last year's losses were attributable to a dismal fourth quarter and a horrifying December. The S&P 500 suffered its worst December since 1931. Trade tensions, a tougher rate environment and the recent government shutdown intensified the negative movements on the bourses.
However, the economy is still on expansion mode. Goldman Sachs GS has cut its outlook for the first half of the year from 2.4% to 2% and its projection for the second half is at 1.75%. However, it thinks a cooling off is required to "land the plane." Several economists share this view, dismissing talks of a near-term recession.
By this July, the current expansion, which started on Jul 1, 2009, will be the longest in U.S. history. It will then overtake the decade-long economic expansion which started in March 1991. Consumer confidence remains strong and debt burdens are low.
Meanwhile, Morgan Stanley projects that tax inflated paychecks will result in a "record-high tax refund season." Additionally, the continuing slump in gasoline prices will enhance the purchasing power of the U.S. consumer.
Labor Market Remains Solid
Probably the most positive aspect of this economic expansion is the robust state of the jobs market. The unemployment rate continues to inch lower while job additions remain strong. More importantly, wage growth, which was largely absent through this growth phase, was a significant feature of 2018.
Meanwhile, the jobs quits rate increased substantially last year. The resilience of the jobs market has raised the spending propensity of Americans. Retail sales increased 5% year over year this holiday season, per analysis released post-Christmas by MasterCard MA .
Trade Deal Around the Corner?
Possibly the biggest worry for investors last year was the trade tussle with China. A deal seemed elusive at most times despite promises by the Trump administration that crucial progress had been made on this front. Goldman Sachs expects more retaliatory tariff action this year.
However, the investment banking firm does concede that an agreement could be inked later this year. China's economy and equity markets are starting to feel the pain of this lingering conflict. Trump tweeted on Saturday that he had held a fruitful telephonic discussion with President Xi. According to him, "big progress" was being made and a deal with China was "moving along very well."
Our Choices
Despite the pessimism surrounding this year's market prospects, things may not be as tricky as they seem. A robust economy and strong labor market will likely continue to fuel optimism. A trade deal with China may also be reached, providing much-awaited relief to investors.
In view of these factors, we have narrowed our search to the following S&P 500 stocks based on a good Zacks Rank and other relevant metrics.
TripAdvisor Inc.TRIP is one of the largest online travel research companies in the world.
The company's expected earnings growth for the current year is 57%. The Zacks Consensus Estimate for current-year earnings has improved 20.1% over the past 60 days. The stock rallied 54.3% in 2018. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Advance Auto Parts, Inc.AAP operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts.
Advance Auto Parts has a Zacks Rank #2 (Buy). The company has expected earnings growth of 35.6% for the current year. The Zacks Consensus Estimate for current-year earnings has moved 0.3% north over the past 30 days. The stock increased 47.1% in 2018.
Red Hat Inc.RHT offers open source software solutions that include operating system, virtualization, management, middleware, cloud, mobile and storage technologies.
Red Hat has a Zacks Rank #2. The company has expected earnings growth of 17.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved by 0.9% over the past 30 days. The stock gained 42.7% in 2018.
Eli Lilly & CompanyLLY is a global healthcare company.
Eli Lilly has a Zacks Rank #2. The company has expected earnings growth of 32.5% for the current year. The Zacks Consensus Estimate for current-year earnings has moved 0.1% north over the past 30 days. The stock increased 36% in 2018.
Salesforce.com, Inc.CRM is the leading provider of on-demand Customer Relationship Management (CRM) software.
Salesforce has a Zacks Rank #2. The company has expected earnings growth of 93.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved by 4% over the past 60 days. The stock rose 30% in 2018.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
TripAdvisor, Inc. (TRIP): Free Stock Analysis Report
Eli Lilly and Company (LLY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
salesforce.com, inc. (CRM): Free Stock Analysis Report
Red Hat, Inc. (RHT): Free Stock Analysis Report
The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report
Mastercard Incorporated (MA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc.AAP operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts. Click to get this free report TripAdvisor, Inc. (TRIP): Free Stock Analysis Report Eli Lilly and Company (LLY): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report salesforce.com, inc. (CRM): Free Stock Analysis Report Red Hat, Inc. (RHT): Free Stock Analysis Report The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report Mastercard Incorporated (MA): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, the job market remains robust and the Trump administration continues to promise that the trade dispute with China will have an agreeable ending.
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Click to get this free report TripAdvisor, Inc. (TRIP): Free Stock Analysis Report Eli Lilly and Company (LLY): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report salesforce.com, inc. (CRM): Free Stock Analysis Report Red Hat, Inc. (RHT): Free Stock Analysis Report The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report Mastercard Incorporated (MA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc.AAP operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts. The Zacks Consensus Estimate for current-year earnings has moved 0.3% north over the past 30 days.
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Click to get this free report TripAdvisor, Inc. (TRIP): Free Stock Analysis Report Eli Lilly and Company (LLY): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report salesforce.com, inc. (CRM): Free Stock Analysis Report Red Hat, Inc. (RHT): Free Stock Analysis Report The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report Mastercard Incorporated (MA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc.AAP operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts. The company's expected earnings growth for the current year is 57%.
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Advance Auto Parts, Inc.AAP operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts. Click to get this free report TripAdvisor, Inc. (TRIP): Free Stock Analysis Report Eli Lilly and Company (LLY): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report salesforce.com, inc. (CRM): Free Stock Analysis Report Red Hat, Inc. (RHT): Free Stock Analysis Report The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report Mastercard Incorporated (MA): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, the job market remains robust and the Trump administration continues to promise that the trade dispute with China will have an agreeable ending.
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11259.0
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2019-01-01 00:00:00 UTC
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Is Advance Auto Parts (AAP) Stock Outpacing Its Retail-Wholesale Peers This Year?
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AAP
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https://www.nasdaq.com/articles/is-advance-auto-parts-aap-stock-outpacing-its-retail-wholesale-peers-this-year-2019-01-01
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nan
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AAP and the rest of the Retail-Wholesale group's stocks.
Advance Auto Parts is one of 222 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AAP is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AAP's full-year earnings has moved 2.12% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AAP has returned about 57.95% since the start of the calendar year. At the same time, Retail-Wholesale stocks have an average of 0%. As we can see, Advance Auto Parts is performing better than its sector in the calendar year.
Breaking things down more, AAP is a member of the Automotive - Retail and Wholesale - Parts industry, which includes 5 individual companies and currently sits at #10 in the Zacks Industry Rank.
Investors with an interest in Retail-Wholesale stocks should continue to track AAP. The stock will be looking to continue its solid performance.
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AAP and the rest of the Retail-Wholesale group's stocks. AAP is currently sporting a Zacks Rank of #2 (Buy).
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Breaking things down more, AAP is a member of the Automotive - Retail and Wholesale - Parts industry, which includes 5 individual companies and currently sits at #10 in the Zacks Industry Rank. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers?
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers? Breaking things down more, AAP is a member of the Automotive - Retail and Wholesale - Parts industry, which includes 5 individual companies and currently sits at #10 in the Zacks Industry Rank. One simple way to answer this question is to take a look at the year-to-date performance of AAP and the rest of the Retail-Wholesale group's stocks.
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AAP and the rest of the Retail-Wholesale group's stocks. AAP is currently sporting a Zacks Rank of #2 (Buy).
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11260.0
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2018-12-31 00:00:00 UTC
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Rite Aid (RAD) in Focus: Stock Moves 6.8% Higher
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AAP
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https://www.nasdaq.com/articles/rite-aid-rad-in-focus%3A-stock-moves-6.8-higher-2018-12-31
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Rite Aid CorporationRAD was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company-as the stock is now down 37.8% in the past one-month time frame.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Rite Aid currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Rite Aid Corporation Price
Rite Aid Corporation Price | Rite Aid Corporation Quote
Investors interested in the Retail-Wholesale sector may consider Advance Auto Parts, Inc. AAP , which has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Is RAD going up? Or down? Predict to see what others think: Up or Down
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Rite Aid Corporation (RAD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rite Aid Corporation Price Rite Aid Corporation Price | Rite Aid Corporation Quote Investors interested in the Retail-Wholesale sector may consider Advance Auto Parts, Inc. AAP , which has a Zacks Rank #2 (Buy). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Rite Aid Corporation (RAD): Free Stock Analysis Report To read this article on Zacks.com click here. Rite Aid CorporationRAD was a big mover last session, as the company saw its shares rise nearly 7% on the day.
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Rite Aid Corporation Price Rite Aid Corporation Price | Rite Aid Corporation Quote Investors interested in the Retail-Wholesale sector may consider Advance Auto Parts, Inc. AAP , which has a Zacks Rank #2 (Buy). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Rite Aid Corporation (RAD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rite Aid Corporation Price Rite Aid Corporation Price | Rite Aid Corporation Quote Investors interested in the Retail-Wholesale sector may consider Advance Auto Parts, Inc. AAP , which has a Zacks Rank #2 (Buy). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Rite Aid Corporation (RAD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Rite Aid Corporation (RAD): Free Stock Analysis Report To read this article on Zacks.com click here. Rite Aid Corporation Price Rite Aid Corporation Price | Rite Aid Corporation Quote Investors interested in the Retail-Wholesale sector may consider Advance Auto Parts, Inc. AAP , which has a Zacks Rank #2 (Buy). Rite Aid CorporationRAD was a big mover last session, as the company saw its shares rise nearly 7% on the day.
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11261.0
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2018-12-28 00:00:00 UTC
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4 Reasons to Add Advance Auto Parts to Your Portfolio Now
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AAP
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https://www.nasdaq.com/articles/4-reasons-to-add-advance-auto-parts-to-your-portfolio-now-2018-12-28
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Advance Auto Parts, Inc. 's AAP stock looks promising at this point. In the past six months, the company has seen its shares rise 14%.
If you haven't taken advantage of the share price appreciation yet, the time is right for you to add the stock which looks poised to maintain the momentum forward.
Let's delve deeper into factors that are working in favor of this automotive retailer.
Solid Rank & VGM Score : Advance Auto Parts currently has a Zacks Rank #2 (Buy) and a VGM Score of A. Our research shows that stocks with a VGM Score of A or B combined with a Zacks Rank #1 (Strong Buy) or 2 offer the best upside potential for investors.
An Outperformer : Advance Auto Parts has outperformed the industry it belongs to in the past year. The company's shares have surged 55.2% compared with the 24.6% increase recorded by the industry.
Estimates Moving North : The Zacks Consensus Estimate for current-year earnings has improved in the past month. Over this period, earnings estimates have inched up 0.3% to $7.11. In the past month, the Zacks Consensus Estimate for current-quarter earnings has remained unchanged at $1.15.
Favorable Industry Outlook
The Zacks Automotive - Retail And Wholesale - Parts industry is a five-stock group within the broader Zacks Auto sector. The industry currently carries a Zacks Industry Rank #15, which places it in the top 6% of more than 250 Zacks industries.
At present, the Auto Retail & Wholesale Parts industry enjoys some advantages, such as favorable macroeconomic conditions and higher demand for automobiles. Also, occasional model launches and introduction of more complicated and high-tech vehicles have compelled consumers to opt for more professional assistance.
A few other top-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Fox Factory Holding Corp. FOXF and CarGurus, Inc. CARG . While Allison Transmission and Fox Factory currently sport a Zacks Rank #1, CarGurus carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Allison Transmission has an expected long-term growth rate of 10%. Over the past six months, shares of the company have increased 2.3%.
Fox Factory has an expected long-term growth rate of 17.9%. Over the past six months, shares of the company have risen 15.6%.
CarGurus has an expected long-term growth rate of 5%. Over the past year, shares of the company have rallied 3.8%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker 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
Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report
CarGurus, Inc. (CARG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. 's AAP stock looks promising at this point. Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. Our research shows that stocks with a VGM Score of A or B combined with a Zacks Rank #1 (Strong Buy) or 2 offer the best upside potential for investors.
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Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. 's AAP stock looks promising at this point. Solid Rank & VGM Score : Advance Auto Parts currently has a Zacks Rank #2 (Buy) and a VGM Score of A.
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Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. 's AAP stock looks promising at this point. Favorable Industry Outlook The Zacks Automotive - Retail And Wholesale - Parts industry is a five-stock group within the broader Zacks Auto sector.
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Advance Auto Parts, Inc. 's AAP stock looks promising at this point. Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report To read this article on Zacks.com click here. While Allison Transmission and Fox Factory currently sport a Zacks Rank #1, CarGurus carries a Zacks Rank #2.
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11262.0
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2018-12-26 00:00:00 UTC
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No Christmas Break for the Correction
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AAP
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https://www.nasdaq.com/articles/no-christmas-break-correction-2018-12-26
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The session right before Christmas is supposed to be pretty calm, but that wasn't the case on Monday. Even with a half-day of trading, there were still plenty of hours to continue this correction. In the end, it was the worst Christmas Eve for the market on record.
Each of the major indices were down by well over 2%. The Dow plunged 2.91% to 21,792.2 and the S&P slipped 2.71% to 2351.1. The NASDAQ dipped 2.21% to 6192.92. This action is all the more disheartening since its coming off a horrible week that saw each of the indices drop by 7% or more.
Stocks are still reeling from the not-as-dovish-as-hoped Fed decision from last Wednesday. However, the market has really been under pressure for the past three months with slowing global growth and the trade conflict with China contributing to the poor sentiment.
And now we can add this partial government shutdown to the list, along with news reports that President Trump was looking into firing Fed Chair Jerome Powell (which have been denied by the White House). The market also looked askew at a statement from the Treasury Secretary that there was ample liquidity in the system, which was actually one of the few things that investors weren't worried about before the announcement.
All in all, the market is in a horrible mood and cannot be consoled at the moment. Apparently, not even Christmas can help. The first day of what has historically been the Santa Claus rally was wasted on Monday.
It may seem a bit Pollyannish to say, but there's still a chance we could see some improvement in the last days of 2018. December is shaping up to be even worse than October, so a bounce is way overdue. Let's hope good old St. Nick has enough room in his bag for a nice rebound.
"I have hope that we find buyers into the New Year. I can't stress enough some of the long-term buying opportunities that I'm seeing. Keep a cool head and be patient," said Jeremy in Counterstrike.
Today's Portfolio Highlights:
Black Box Trader: There's no break for the holidays with a computer-driven service like this one. So it was a busy Christmas Eve session as six names were swapped. The stocks that were sold from the portfolio included:
• Darden Restaurants (DRI)
• Delta Air Lines (DAL)
• Abercrombie & Fitch (ANF)
• American Express Co. (AXP)
• Advance Auto Parts (AAP)
• Cigna (CI)
The new buys that replaced these positions are:
• Crocs (CROX)
• Rent-A-Center (RCII)
• Walmart (WMT)
• Tractor Supply Co. (TSCO)
• HD Supply Holdings (HDS)
• Spirit Airlines (SAVE)
Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing.
Zacks Short List: This service is usually run on Tuesdays, but we're doing it a day early since the market is closed tomorrow for Christmas. There was only one change this week as Schlumberger (SLB) was short-covered for a return of 7.2%. It was replaced by adding SCANA Corp. (SCG). Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide.
Zacks Confidential: Investors can make up naughty and nice lists too. In fact, Jeremy Mullin has done just that for this week's Zacks Confidential . This has been a crazy year with new all-time highs along with steep corrections, so Kevin liked the idea of the Counterstrike editor trying to make some sense of all the volatility. Read about three naughty stocks and three nice stocks from this year… and get a couple of recommendations for 2019: The 2018 Naughty and Nice List of Stocks.
Have a Merry Christmas!
Jim Giaquinto
Recommendations from Zacks' Private Portfolios:
Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The stocks that were sold from the portfolio included: • Darden Restaurants (DRI) • Delta Air Lines (DAL) • Abercrombie & Fitch (ANF) • American Express Co. (AXP) • Advance Auto Parts (AAP) • Cigna (CI) The new buys that replaced these positions are: • Crocs (CROX) • Rent-A-Center (RCII) • Walmart (WMT) • Tractor Supply Co. (TSCO) • HD Supply Holdings (HDS) • Spirit Airlines (SAVE) Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing. And now we can add this partial government shutdown to the list, along with news reports that President Trump was looking into firing Fed Chair Jerome Powell (which have been denied by the White House). The market also looked askew at a statement from the Treasury Secretary that there was ample liquidity in the system, which was actually one of the few things that investors weren't worried about before the announcement.
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The stocks that were sold from the portfolio included: • Darden Restaurants (DRI) • Delta Air Lines (DAL) • Abercrombie & Fitch (ANF) • American Express Co. (AXP) • Advance Auto Parts (AAP) • Cigna (CI) The new buys that replaced these positions are: • Crocs (CROX) • Rent-A-Center (RCII) • Walmart (WMT) • Tractor Supply Co. (TSCO) • HD Supply Holdings (HDS) • Spirit Airlines (SAVE) Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing. Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. Click here to "test drive" Zacks Ultimate for FREE >> Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The stocks that were sold from the portfolio included: • Darden Restaurants (DRI) • Delta Air Lines (DAL) • Abercrombie & Fitch (ANF) • American Express Co. (AXP) • Advance Auto Parts (AAP) • Cigna (CI) The new buys that replaced these positions are: • Crocs (CROX) • Rent-A-Center (RCII) • Walmart (WMT) • Tractor Supply Co. (TSCO) • HD Supply Holdings (HDS) • Spirit Airlines (SAVE) Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing. Zacks Short List: This service is usually run on Tuesdays, but we're doing it a day early since the market is closed tomorrow for Christmas. Click here to "test drive" Zacks Ultimate for FREE >> Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The stocks that were sold from the portfolio included: • Darden Restaurants (DRI) • Delta Air Lines (DAL) • Abercrombie & Fitch (ANF) • American Express Co. (AXP) • Advance Auto Parts (AAP) • Cigna (CI) The new buys that replaced these positions are: • Crocs (CROX) • Rent-A-Center (RCII) • Walmart (WMT) • Tractor Supply Co. (TSCO) • HD Supply Holdings (HDS) • Spirit Airlines (SAVE) Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing. The session right before Christmas is supposed to be pretty calm, but that wasn't the case on Monday. This action is all the more disheartening since its coming off a horrible week that saw each of the indices drop by 7% or more.
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11263.0
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2018-12-24 00:00:00 UTC
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The 9 Best Stocks of Americas Last Bear Market
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AAP
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https://www.nasdaq.com/articles/9-best-stocks-americas-last-bear-market-2018-12-24
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It's official. The Nasdaq Composite has waded all the way into bear-market territory, now down 20% from its late-September peak. The Dow Jones Industrial Average and the Standard & Poor's 500-stock index aren't far behind.
Whether the fourth-quarter selloff is merited doesn't entirely matter. If the crowd believes the rout suffered over the course of the past three months is the shape of things to come, stocks will lose more ground as investors create the very bear market they fear. It's a self-fulfilling prophecy.
But here at the precipice of seeing the market's condition shift from bad to worse, remember: Not all stocks have to lose ground, even if the tide is going out. One only has to look at the nine big stocks that managed to gain ground between October 2007 and March 2009 - America's last bear market - to appreciate that some companies have staying power even in rough environments.
Here are nine S&P 500 stocks that actually gained in the face of the 2007-09 bear market. Notice in all nine cases, there was something unique about these organizations that shielded them from the full impact of economic woe. And in some cases, they still look properly positioned to fight off another bear attack.
SEE ALSO: 19 Best Stocks to Buy for 2019 (And 5 to Sell)
Market value: $10.9 billion
10/07-3/09 return: 3.5%
Consumers buy new cars when the economy is booming. But when it's in a slump, people are apt to make the more cost-effective decision to repair a vehicle rather than replace it.
That's a key part of the reason Advance Auto Parts ( AAP , $148.92) shares were able to at least hold their ground between late-2007 and early-2009. While not stunningly so, the auto parts retailer grew its bottom line during that rough patch.
Earnings unsurprisingly started to trend lower in 2016, right around the cyclical peak of automobile sales in the United States. You know it as "peak auto." Not only do newer cars not need as many repairs, but years of improving quality means most vehicles have remained on the road without needing much maintenance.
The tide could soon turn, though. "Despite the record high number of new cars, there's been tremendous growth in very old vehicles," Lang Marketing automotive consultant Jim Lang told Commercial Appeal . He adds, "In fact, vehicles 12 years old and older account for almost half the vehicles on U.S. roads."
Between those exceedingly aged vehicles and a large swath of vehicles on the verge of becoming two, three and four years old, a headwind could turn into a boon for auto parts stores.
SEE ALSO: The 27 Best Mutual Funds in 401(k) Retirement Plans
Market value: $78.1 billion
10/07-3/09 return: 3.9%
Consumers will postpone the purchase of a new automobile when money is tight. They'll eat out less and eat at home more during a recession.
One thing they tend not to skimp on regardless of the environment, however, is health care.
Granted, Gilead Sciences ( GILD , $60.54) had something of an edge a decade ago when it defied the previous bear market. The antiviral piece of its drug portfolio was on fire, led by then-new drugs Truvada and Atripla. Competitors had no answer. Gilead also was a beneficiary of 2007's bird flu epidemic. Although Roche Holdings ( RHHBY ) actually owned the rights to the Tamiflu being used to combat the disease, it owed Gilead royalties on sales of the treatment.
Clearly, Truvada is no longer a major growth engine, and we've not seen the threat of an epidemic in a while. Gilead shares have in fact been backpedaling since 2015 when it became clear its hepatitis C therapies, Harvoni and Sovaldi, wouldn't be able to sustain their sky-high prices. Even before regulators had a chance to intervene, competitors did.
But in many regards, the pharmaceutical giant once again has some exclusives in its back pocket that the drug-buying market will find a way to afford. Gilead is prioritizing the development of its NASH (nonalcoholic steatohepatitis) pipeline, and new CEO Daniel O'Day - the now-former head of Roche - could finally give the company some much-needed strategic direction that investors can latch onto.
SEE ALSO: 10 Potential Investing Land Mines to Avoid in 2019
Market value: $249.8 billion
10/07-3/09 return: 5.1%
Walmart ( WMT , $85.82) meets the needs of value-minded consumers. That's not a criticism; it's a reality. Its value proposition looks even more compelling to a larger chunk of the population when saving money really matters.
The numbers verify the premise. Walmart already was in full-blown expansion mode before the Great Recession, but its revenue growth never slipped below a year-over-year rate of 7% until the end of 2008
Already in full-blown expansion mode at the time, the retailer's revenue growth never slipped below a year-over-year rate of 7% until the end of 2008, when the recession was coming to a close. Net income grew every single quarter during the previous recession, also not slipping to a year-over-year decline until the bear market was winding down and consumers were willing to splurge a bit again.
Things have changed a little since then. Amazon.com ( AMZN ) has gotten bigger and Target ( TGT ) has gotten better. Walmart also is standing in the shadow of five years of shrinking profits.
But the world's biggest retailer looks like it finally has a grip on where it went wrong. And for the first time in a long time, earnings are expected to grow, from $4.42 to $4.84 per share next year. An economic headwind could actually create a tailwind for WMT, right as the company is starting to gain traction with its internal turnaround effort.
SEE ALSO: The 25 Best Blue-Chip Stocks for 2019 (According to Hedge Funds)
Market value: $29.3 billion
10/07-3/09 return: 7.0%
Edwards Lifesciences ( EW , $139.92) is another health-care company, more or less in the same non-cyclical boat as Gilead Sciences. It's no carbon copy of Gilead, though.
Edwards Lifesciences is first and foremost a heart valve company, though it also makes all the tools and ancillary equipment to go along with its core products. Given that its wares are not only life-saving but also usually paid for by insurers, a cyclical headwind means little to Edwards. It certainly wasn't much of a problem 10 years ago, when the company posted results such as a 33% year-over-year jump in profits for the quarter that ended in September.
And EW may be in a position to accelerate revenue growth in the coming year.
He's arguably a bit biased, but CEO Michael A. Mussallem said in front of an investor conference held in early December, "During the year, we look forward to a number of significant milestones, including the PARTNER 3 Trial results, new product launches, and progress on multiple clinical trials and early feasibility studies."
The PARTNER 3 trial could translate into a newly approved product by the end of 2019. But in the meantime, Edwards Lifesciences is looking for sales growth of between 9% and 12% to drive profit expansion at an even faster clip.
SEE ALSO: 19 Best Retirement Stocks to Buy in 2019
Market value: $28.2 billion
10/07-3/09 return: 8.2%
Walmart may provide some value when consumers are nervous about their finances, but Ross Stores ( ROST , $76.30) offers even more.
Ross Stores is an off-price retailer, in the same league as TJX Cos. ( TJX ) brands TJMaxx and Marshalls. The company operates more than 1,600 stores, most of which are call Ross Dress for Less, but a handful of which are branded as dd's Discounts. The company has done $15 billion worth of business over the past four quarters.
Ross is the kind of retailer that theoretically should thrive when times are bad, and it does. But it's difficult to determine whether Ross thrives specifically because consumers are feeling pinched. The apparel retailer has posted revenue growth in every quarter except one since before the prior recession/bear market got rolling, and the same goes for income. (The clunker was the final quarter of 2013, when retail spending somehow slowed for a short time primarily due to unusually harsh winter weather.)
Given Ross Stores' consistent growth in good and bad environments alike, it's not surprising that investors kept it buoyed when other stocks were fighting a losing battle.
SEE ALSO: 5 Consumer Staples Stocks to Hide Out In Right Now
Market value: $40.1 billion
10/07-3/09 return: 11.6%
The right biotechnology advancement can overcome even the worst market environment, and Illumina ( ILMN , $272.46) was no exception to that rule a decade ago.
Illumina is one of a handful of companies that has commercialized genome sequencing. It was new and exciting then, providing a solid bullish undertow for the stock between 2007 and 2008. And although the DNA analysis market has matured tremendously over the course of the past 10 years, there's still a long growth path ahead .
Much of that growth will be the result of a shift in consumer preferences and the industry's capabilities.
To date, a great deal of the demand for Illumina's services has been for genealogical purposes, as the popularity of platforms like Ancestry.com has grown. But as costs continue to fall and functionality continues to improve, the outfit will be able to cost effectively do more medically focused genomic work.
Simultaneously, the introduction of the company's latest genome sequencer, the NovaSeq 6000, continues to accelerate revenue growth. Last quarter's sequencer sales reached a three-year high, but CEO Sam Samad pointed out at the recent ESI Evercore conference that only a small number of customers have made the upgrade yet. In light of how drastically the new NovSeq equipment can lower sequencing costs, demand for the sequencers - and the consumables that work with them - should continue to grow through 2019.
SEE ALSO: 7 "Strong Buy" Defensive Stocks to Buy for 2019
Market value: $19.0 billion
10/07-3/09 return: 15.5%
Concho Resources ( CXO , $94.90) was something of an anomaly in 2008.
It ran into the same economic headwind other companies did at the time, though it felt the pain of that rough patch via the plunging price of oil. But unlike so many of its peers, neither the company nor its stock was crushed by the challenge.
A refresher: After crude oil futures peaked above $160 per barrel in the middle of 2008 (arguably helping the recession get started), they fell to a low under $50 per barrel by early 2009. Natural gas met a similar fate. And at the time, most oil and gas companies weren't prepared to deal with prices not seen since 2004. Concho was an exception.
It wasn't easy, nor was it pretty. The company's results were volatile. But Concho's dealmaking for properties in the then-red-hot Permian Basin and navigation of the energy market's meltdown was handled skillfully by CEO Tim Leach, who still happens to be at the helm.
SEE ALSO: The 5 Best Stock Funds for Retirement Savers in 2019
Market value: $20.7 billion
10/07-3/09 return: 22.0%
For the same reason rival Advance Auto Parts managed to hold up in the wake of the subprime mortgage meltdown, AutoZone ( AZO , $822.82) did too - and in fact, it did it better. Year-over-year operating income grew every quarter during the previous recession, as did revenue, as if the downturn wasn't even happening.
Like Advance Auto Parts, AutoZone hasn't done nearly as well since 2017 as it had in its recent past. Record-breaking sales of new cars since 2015 has subsequently left a record-breaking number of relatively new cars in use, which generally don't need repairs.
They soon will, however.
Of the more than 100 million new cars that have been sold to U.S. drivers since 2012, roughly half of them are now three years old, or older. That puts them around the 60,000- to 70,000-mile mark (at least), which is when repairs and maintenance start to become mandatory. Given the size of the investments made in many of these vehicles and the record $1.26 trillion that U.S. consumers still owe on their vehicles, repairs rather than replacement might be the only viable option for most car owners.
SEE ALSO: 12 Aggressive Funds to Buy for a Still-Bullish 2019
Market value: $101.6 billion
10/07-3/09 return: 68.9%
Finally, Netflix ( NFLX , $233.88) shrugged off the 2008 recession like it wasn't even happening.
In retrospect, it's not as surprising as it sounds. Netflix wasn't new at the time, but that was the point in time during which Netflix began offering online access to shows and movies. So it was unusual, but well-received once consumers began to understand it.
Little did consumers know that a real estate meltdown would prompt a bear market as well as a recession, in turn sending most people scrambling for low-cost entertainment. For only a few bucks a month, people could still enjoy relatively new titles plus a large library of TV and movie classics. The business model was so new that no rival was ready to stand in its way.
That's clearly not the case anymore. Amazon and Hulu are both head-to-head competitors, and skinny bundles like those offered by Sling TV are akin and readily available. On a sheer value and depth-of-content basis, though, Netflix is still the powerhouse in the streaming business. It may have the most to gain if consumers tighten up their purse strings and choose to stay home rather than step out for a diversion.
SEE ALSO: 12 Stocks You Should Never Sell
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That's a key part of the reason Advance Auto Parts ( AAP , $148.92) shares were able to at least hold their ground between late-2007 and early-2009. Gilead is prioritizing the development of its NASH (nonalcoholic steatohepatitis) pipeline, and new CEO Daniel O'Day - the now-former head of Roche - could finally give the company some much-needed strategic direction that investors can latch onto. Last quarter's sequencer sales reached a three-year high, but CEO Sam Samad pointed out at the recent ESI Evercore conference that only a small number of customers have made the upgrade yet.
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That's a key part of the reason Advance Auto Parts ( AAP , $148.92) shares were able to at least hold their ground between late-2007 and early-2009. "Despite the record high number of new cars, there's been tremendous growth in very old vehicles," Lang Marketing automotive consultant Jim Lang told Commercial Appeal . Walmart already was in full-blown expansion mode before the Great Recession, but its revenue growth never slipped below a year-over-year rate of 7% until the end of 2008 Already in full-blown expansion mode at the time, the retailer's revenue growth never slipped below a year-over-year rate of 7% until the end of 2008, when the recession was coming to a close.
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That's a key part of the reason Advance Auto Parts ( AAP , $148.92) shares were able to at least hold their ground between late-2007 and early-2009. Walmart already was in full-blown expansion mode before the Great Recession, but its revenue growth never slipped below a year-over-year rate of 7% until the end of 2008 Already in full-blown expansion mode at the time, the retailer's revenue growth never slipped below a year-over-year rate of 7% until the end of 2008, when the recession was coming to a close. SEE ALSO: 19 Best Retirement Stocks to Buy in 2019 Market value: $28.2 billion 10/07-3/09 return: 8.2% Walmart may provide some value when consumers are nervous about their finances, but Ross Stores ( ROST , $76.30) offers even more.
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That's a key part of the reason Advance Auto Parts ( AAP , $148.92) shares were able to at least hold their ground between late-2007 and early-2009. Not only do newer cars not need as many repairs, but years of improving quality means most vehicles have remained on the road without needing much maintenance. SEE ALSO: 19 Best Retirement Stocks to Buy in 2019 Market value: $28.2 billion 10/07-3/09 return: 8.2% Walmart may provide some value when consumers are nervous about their finances, but Ross Stores ( ROST , $76.30) offers even more.
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11264.0
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2018-12-21 00:00:00 UTC
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Daimler to Partner Again With BMW for Auto Components
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AAP
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https://www.nasdaq.com/articles/daimler-to-partner-again-with-bmw-for-auto-components-2018-12-21
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Daimler AGDDAIF is considering joining forces with BMW AG BAMXF to develop key automotive components, per Bloomberg. If the plan materializes, these two German automakers are anticipated to explore the areas of sharing batteries and autonomous-car technology along with vehicle platforms. However, the tie-up of these auto giants would be limited to technology that is not brand-specific.
Huge investments to develop electric and autonomous vehicle technology compelled auto manufacturers to collaborate with peers, within and outside the industry. In an attempt to lower costs, various auto companies across the globe are joining forces to develop future-oriented technology. Apart from developing technology, partnerships are also taking place to offer car-sharing online services. The collaborations aim to stay ahead of the recently entered cash-rich players in the market.
In March, Daimler and BMW agreed to merge their mobility services business units to offer sustainable urban mobility services. Per a recent report by Financial Times , the collaboration has received the last approval from the regulators. The deal is expected to close by the end of January 2019, following which the mobility services - Car2Go and DriveNow - will operate together. The 50:50 merger will allow Daimler and BMW to strengthen their presence in car-related mobility services.
Both, Daimler and BMW lowered their profit targets for 2018, owing to high-tariffs and increased expenses to develop vehicle technology. For 2018, Daimler expects earnings before interest and tax (EBIT) to be significantly lower than €4.3 billion ($16.4 billion) generated in 2017. BMW projects full-year pre-tax profit to decrease or remain at par with 2017's level.
Over a month, shares of both Daimler and BMW have underperformed the industry they belong to. During that period, Daimler's and BMW's shares lost 9% and 3.4%, respectively, compared with the industry's decrease of 1.8%.
One-Month Price Performance
Zacks Rank & Stocks to Consider
Both Daimler and BMW currently carry a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto space are Tesla, Inc. TSLA and Advance Auto Parts, Inc. AAP . Tesla currently sports a Zacks Rank #1 (Strong Buy) while Advance Auto Parts carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Tesla has an expected long-term growth rate of 35%. Shares of the company have increased 1.2% year to date.
Advance Auto Parts has an expected long-term growth rate of 12.1%. Year to date, shares of the company have skyrocketed 53%.
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Tesla, Inc. (TSLA): Free Stock Analysis Report
Bayerische Motoren Werke AG (BAMXF): Free Stock Analysis Report
Daimler AG (DDAIF): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few better-ranked stocks in the auto space are Tesla, Inc. TSLA and Advance Auto Parts, Inc. AAP . Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Bayerische Motoren Werke AG (BAMXF): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Daimler AGDDAIF is considering joining forces with BMW AG BAMXF to develop key automotive components, per Bloomberg.
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Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Bayerische Motoren Werke AG (BAMXF): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the auto space are Tesla, Inc. TSLA and Advance Auto Parts, Inc. AAP . Tesla currently sports a Zacks Rank #1 (Strong Buy) while Advance Auto Parts carries a Zacks Rank #2 (Buy).
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Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Bayerische Motoren Werke AG (BAMXF): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the auto space are Tesla, Inc. TSLA and Advance Auto Parts, Inc. AAP . One-Month Price Performance Zacks Rank & Stocks to Consider Both Daimler and BMW currently carry a Zacks Rank #3 (Hold).
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A few better-ranked stocks in the auto space are Tesla, Inc. TSLA and Advance Auto Parts, Inc. AAP . Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Bayerische Motoren Werke AG (BAMXF): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. In an attempt to lower costs, various auto companies across the globe are joining forces to develop future-oriented technology.
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11265.0
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2018-12-21 00:00:00 UTC
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Advance Auto Parts Enters Oversold Territory
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-enters-oversold-territory-2018-12-21
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Advance Auto Parts, Inc.AAP has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at AAP given that, according to its RSI reading of 25.97, it is now in oversold territory.
What is RSI?
RSI stands for 'Relative Strength Index' and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.
Other Factors
Yet, AAP's low RSI value isn't the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. This is especially true when investors take a deep dive into some of these estimate revision stats and recent changes to Advance Auto Parts' earnings consensus.
Over the past two months, investors have seen 10 earnings estimate revision move higher, compared with 1 lower, at least when looking at the key current year time frame. And the consensus estimate for AAP has also been on an upward trend over the past 60 days, as estimates have risen by 2.2% over the last two months.
If this wasn't enoughAdvance Auto Parts also has a Zacks Rank #2 (Buy) which puts it into rare company among its peers. So, given all of these factors, investors may want to consider getting in on this stock now (or holding on), as there are some favorable trends that could bubble up for this stock before long. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Factors Yet, AAP's low RSI value isn't the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. Advance Auto Parts, Inc.AAP has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at AAP given that, according to its RSI reading of 25.97, it is now in oversold territory.
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc.AAP has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at AAP given that, according to its RSI reading of 25.97, it is now in oversold territory.
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc.AAP has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at AAP given that, according to its RSI reading of 25.97, it is now in oversold territory.
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Advance Auto Parts, Inc.AAP has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at AAP given that, according to its RSI reading of 25.97, it is now in oversold territory. Other Factors Yet, AAP's low RSI value isn't the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late.
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11266.0
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2018-12-19 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for December 20, 2018
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-december-20-2018-2018-12-19
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 20, 2018. A cash dividend payment of $0.06 per share is scheduled to be paid on January 04, 2019. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 22nd quarter that AAP has paid the same dividend. At the current stock price of $158.24, the dividend yield is .15%.
The previous trading day's last sale of AAP was $158.24, representing a -14.99% decrease from the 52 week high of $186.15 and a 61.42% increase over the 52 week low of $98.03.
AAP is a part of the Consumer Services sector, which includes companies such as JD.com, Inc. ( JD ) and O'Reilly Automotive, Inc. ( ORLY ). AAP's current earnings per share, an indicator of a company's profitability, is $7.48. Zacks Investment Research reports AAP's forecasted earnings growth in 2018 as 32.37%, compared to an industry average of 21.6%.
For more information on the declaration, record and payment dates, visit the AAP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAP as a top-10 holding:
WisdomTree U.S. MidCap Earnings Fund ( EZM )
Direxion All Cap Insider Sentiment Shares ( KNOW )
AGFiQ U.S. Market Neutral Momentum Fund ( MOM ).
The top-performing ETF of this group is MOM with an decrease of 0% over the last 100 days. EZM has the highest percent weighting of AAP at 0.7%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP is a part of the Consumer Services sector, which includes companies such as JD.com, Inc. ( JD ) and O'Reilly Automotive, Inc. ( ORLY ). Zacks Investment Research reports AAP's forecasted earnings growth in 2018 as 32.37%, compared to an industry average of 21.6%. For more information on the declaration, record and payment dates, visit the AAP Dividend History page.
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AAP's current earnings per share, an indicator of a company's profitability, is $7.48. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 20, 2018.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAP Dividend History page. The following ETF(s) have AAP as a top-10 holding: WisdomTree U.S. MidCap Earnings Fund ( EZM ) Direxion All Cap Insider Sentiment Shares ( KNOW ) AGFiQ U.S. Market Neutral Momentum Fund ( MOM ).
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AAP's current earnings per share, an indicator of a company's profitability, is $7.48. The following ETF(s) have AAP as a top-10 holding: WisdomTree U.S. MidCap Earnings Fund ( EZM ) Direxion All Cap Insider Sentiment Shares ( KNOW ) AGFiQ U.S. Market Neutral Momentum Fund ( MOM ). Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 20, 2018.
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11267.0
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2018-12-18 00:00:00 UTC
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Ex-Dividend Reminder: DSW, Advance Auto Parts and Omnicom Group
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AAP
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https://www.nasdaq.com/articles/ex-dividend-reminder-dsw-advance-auto-parts-and-omnicom-group-2018-12-18
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Looking at the universe of stocks we cover at Dividend Channel , on 12/20/18, DSW Inc (Symbol: DSW), Advance Auto Parts Inc (Symbol: AAP), and Omnicom Group, Inc. (Symbol: OMC) will all trade ex-dividend for their respective upcoming dividends. DSW Inc will pay its quarterly dividend of $0.25 on 1/4/19, Advance Auto Parts Inc will pay its quarterly dividend of $0.06 on 1/4/19, and Omnicom Group, Inc. will pay its quarterly dividend of $0.60 on 1/9/19. As a percentage of DSW's recent stock price of $23.59, this dividend works out to approximately 1.06%, so look for shares of DSW Inc to trade 1.06% lower - all else being equal - when DSW shares open for trading on 12/20/18. Similarly, investors should look for AAP to open 0.04% lower in price and for OMC to open 0.80% lower, all else being equal.
Below are dividend history charts for DSW, AAP, and OMC, showing historical dividends prior to the most recent ones declared.
DSW Inc (Symbol: DSW) :
Advance Auto Parts Inc (Symbol: AAP) :
Omnicom Group, Inc. (Symbol: OMC) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.24% for DSW Inc, 0.15% for Advance Auto Parts Inc, and 3.18% for Omnicom Group, Inc..
In Tuesday trading, DSW Inc shares are currently up about 1.6%, Advance Auto Parts Inc shares are up about 2.2%, and Omnicom Group, Inc. shares are up about 0.7% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel , on 12/20/18, DSW Inc (Symbol: DSW), Advance Auto Parts Inc (Symbol: AAP), and Omnicom Group, Inc. (Symbol: OMC) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAP to open 0.04% lower in price and for OMC to open 0.80% lower, all else being equal. Below are dividend history charts for DSW, AAP, and OMC, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel , on 12/20/18, DSW Inc (Symbol: DSW), Advance Auto Parts Inc (Symbol: AAP), and Omnicom Group, Inc. (Symbol: OMC) will all trade ex-dividend for their respective upcoming dividends. DSW Inc (Symbol: DSW) : Advance Auto Parts Inc (Symbol: AAP) : Omnicom Group, Inc. (Symbol: OMC) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAP to open 0.04% lower in price and for OMC to open 0.80% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel , on 12/20/18, DSW Inc (Symbol: DSW), Advance Auto Parts Inc (Symbol: AAP), and Omnicom Group, Inc. (Symbol: OMC) will all trade ex-dividend for their respective upcoming dividends. DSW Inc (Symbol: DSW) : Advance Auto Parts Inc (Symbol: AAP) : Omnicom Group, Inc. (Symbol: OMC) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAP to open 0.04% lower in price and for OMC to open 0.80% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel , on 12/20/18, DSW Inc (Symbol: DSW), Advance Auto Parts Inc (Symbol: AAP), and Omnicom Group, Inc. (Symbol: OMC) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAP to open 0.04% lower in price and for OMC to open 0.80% lower, all else being equal. Below are dividend history charts for DSW, AAP, and OMC, showing historical dividends prior to the most recent ones declared.
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11268.0
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2018-12-13 00:00:00 UTC
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Advance Auto Parts (AAP) Down 6% Since Last Earnings Report: Can It Rebound?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-down-6-since-last-earnings-report%3A-can-it-rebound-2018-12-13
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It has been about a month since the last earnings report for Advance Auto Parts (AAP). Shares have lost about 6% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Advance Auto Parts due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Advance Auto Parts Beats on Q3 Earnings & Revenues
Advance Auto Parts reported adjusted earnings of $1.89 per share in third-quarter 2018 (ended Oct 6, 2018), up from $1.43 in the prior-year quarter. The figure surpassed the Zacks Consensus Estimate of $1.77. Adjusted operating income increased 12.5% year over year to $193.7 million.
Advance Auto Parts reported net revenues of $2.3 billion, beating the Zacks Consensus Estimate of $2.23 billion. Revenues were 4.3% higher than the year-ago quarter. During the quarter under review, comparable store sales were 4.6% higher year over year. This marks strongest comparable sales growth in eight years for the company.
Gross profit was $1.01 billion in the reported quarter, higher than the prior-year quarter figure of $947.7 million. Gross Profit margin increased 90 basis points year over year to 44.3%.
Adjusted selling, general and administrative (SG&A) expenses totaled $813.8 million compared with $775.5 million in the year-ago period.
Financial Position
Advance Auto Parts had cash and cash equivalents of $970 million as of Oct 6, 2018, up from $363.3 million as of Oct 7, 2017. The total long-term debt was $1.05 billion as of Oct 6, 2018, higher than $1.04 billion as of Dec 30, 2017.
In third-quarter 2018, operating cash flow was $681.5 million compared with $401 million in the same period of 2017.
Dividend & Share Repurchase
On Nov 7, 2018, Advance Auto Parts' board approved a cash dividend of 6 cents per share to be paid on Jan 4, 2019, for shareholders of record as of Dec 21, 2018.
On Aug 8, 2018, the board of directors authorized a $600-million share repurchase program, replacing the existing $500-million share repurchase program. In the third quarter, the company bought back 720 thousand shares for $119.9 million. At the end of third-quarter 2018, Advance Auto Parts had $480.1 million remaining under the share repurchase program.
Store Update
As of Oct 6, 2018, Advance Auto Parts operated 4,981 stores and 139 Worldpac branches, and served approximately 1,229 independently-owned Carquest stores.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in fresh estimates.
VGM Scores
At this time, Advance Auto Parts has a strong Growth Score of A, a grade with the same score on the momentum front. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Advance Auto Parts has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It has been about a month since the last earnings report for Advance Auto Parts (AAP). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Will the recent negative trend continue leading up to its next earnings release, or is Advance Auto Parts due for a breakout?
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It has been about a month since the last earnings report for Advance Auto Parts (AAP). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Beats on Q3 Earnings & Revenues Advance Auto Parts reported adjusted earnings of $1.89 per share in third-quarter 2018 (ended Oct 6, 2018), up from $1.43 in the prior-year quarter.
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It has been about a month since the last earnings report for Advance Auto Parts (AAP). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Beats on Q3 Earnings & Revenues Advance Auto Parts reported adjusted earnings of $1.89 per share in third-quarter 2018 (ended Oct 6, 2018), up from $1.43 in the prior-year quarter.
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It has been about a month since the last earnings report for Advance Auto Parts (AAP). Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Beats on Q3 Earnings & Revenues Advance Auto Parts reported adjusted earnings of $1.89 per share in third-quarter 2018 (ended Oct 6, 2018), up from $1.43 in the prior-year quarter.
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11269.0
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2018-12-13 00:00:00 UTC
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The 5 Top S&P 500 Stocks of 2018
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AAP
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https://www.nasdaq.com/articles/5-top-sp-500-stocks-2018-2018-12-13
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Despite the "tech wreck" that started in October, technology and healthcare still had some of the best stocks to buy in 2018.
Unless, that is, your car broke down.
The last quarter has wrecked a lot of great years. Netflix (NASDAQ: NFLX ) was a first-half winner, doubling investors' money through July, but has since lost 25% of its value.
All the Cloud Czars - Apple (NASDAQ: AAPL ), Amazon (NASDAQ: AMZN ), Microsoft (NASDAQ: MSFT ), Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ) and Facebook (NASDAQ: FB ), have had forgettable second halves.
Even the year's biggest winners had a bad fourth quarter. Only one is up since October began. The biggest gainer has been crushed these last few months … just not enough to fall off the list.
It's a reminder of what former Federal Reserve board chair Paul Volcker is reported to have said when a woman asked him, during his time at the Fed, what the stock market would do.
"Madam," he said. "Prices will fluctuate."
The 10 Best Stocks to Buy to Finish Out 2018
With that in mind, here are five of the best stocks to buy as we head into 2019 (assuming they continue their success from 2018, of course).
Advanced Micro Devices (AMD)
Source: Shutterstock
Advanced Micro Devices (NASDAQ: AMD ) has been falling like a rock during the fourth quarter of the year, but still opened for trade on Dec. 11 up 82% from where it was at the start of the year.
AMD's Ryzen microprocessors have been grabbing hunks of market share from rival Intel (NASDAQ: INTC ), and seem poised to grab even more in 2019. Its Radeon graphics cards have held their own against rival Nvidia (NASDAQ: NVDA ) and have benefited from the cryptocurrency boom.
That boom busted in 2018, and the realization of that fact hit AMD hard. But graphics will still be at the heart of Artificial Intelligence (AI) applications in 2019, and advanced gaming remains a growing market. Intel is still not expected to catch up with AMD's current chip line until at least 2020.
CEO Lisa Su gets credit for AMD's rise, but it was begun by predecessor Rory Read, now President of Dell's Virtustream unit, who committed the company to what became the Ryzen architecture early in the 2010s.
AMD sales are slowing as the year ends, with analysts expecting it to record revenues of just $1.45 billion, when the company next reports on Jan. 23. That would still give it yearly revenues of about $6.5 billion, against a market cap of about $20 billion.
Still, the expected fourth-quarter revenue would be down 20% from its peak of $1.76 billion in revenue, recorded during the June quarter.
To get on this list in 2019, AMD is going to need to surprise again.
TripAdvisor (TRIP)
Source: Shutterstock
TripAdvisor (NASDAQ: TRIP ) is the one company on this list that is up during the fourth quarter, by nearly 20%, giving it a gain of over 76% through Dec. 10.
The company's strategy of moving from travel advice into hotel bookings has propelled it forward. Its third quarter was especially strong , with profits from booking hotels up 54% year-over-year.
Many people who once routinely looked at TripAdvisor, then booked their trips through Booking Holdings' (NASDAQ: BKNG ) Booking.Com or Expedia Group's (NASDAQ: EXPE ) Expedia, are now staying on the site through the booking process. It took time for the strategy to pay dividends, but now that it has, TripAdvisor is a hot stock. The company is also projecting an increase in revenue for the fourth quarter, ending a string of declines.
CEO Stephen Kaufer continues to try new things to keep the stock price high. The company recently signed a deal with DoorDash to enable food deliveries to hotels, direct from the TripAdvisor site . It continues to gain traction by publishing "best of" lists, even in relatively obscure locations. It also launched a redesign in November , aimed at casual users, with things like lists of where Facebook friends have been vacationing.
10 Stocks That Can Move Higher Whatever Happens
To stay on this list of best stocks to buy for the year, however, TripAdvisor needs a strong global economy. Travel is one of the first things to be cut from the budget when times get tough.
Advance Auto Parts (AAP)
Source: Shutterstock
One year's loser can be the next year's winner. Thus, the most surprising member of the winner's list this year is Advance Auto Parts (NYSE: AAP ), up over 56% so far in 2018.
Advance stock plunged nearly 50% in 2017, and its gains in 2018 still have it 3% lower than where the stock traded two years ago. CEO Thomas Greco formerly ran Frito-Lay for Pepsico (NYSE: PEP ) and it took him time to get his plans in place.
The company, which operates a chain of nearly 5,000 stores, opened a new mobile website recently that lets repairmen communicate among each other about parts and repairs, as well as with the company's staff.
The company also moved its headquarters from northern Virginia to Raleigh, NC, home of Red Hat (NYSE: RHT ), which International Business Machines (NYSE: IBM ) is in the process of buying, and promised to deliver 450 jobs, most of them in software, with a $12 million state incentive.
Auto parts have proven to be relatively immune to Amazon, and this has helped the entire sector. Advance has built a logistics network to deliver same-day service on parts to repairmen, which is vital to their staying in business.
Advance looks to be in a good position entering 2019, as an economic slowdown is certain to cause more people to fix old cars rather than junk them, and the U.S. auto fleet continues to age.
Abiomed (ABMD)
Source: Shutterstock
Abiomed (NASDAQ: ABMD ) is an example of a company finally being rewarded for making a better mousetrap. In this case, the mousetrap can save your life.
Abiomed makes Impella , the world's smallest heart pump, and AbioCor, an artificial heart. The stock has been hammered during the fourth quarter, losing one-quarter of its value, but remains up 68% for the year through Dec. 10.
Abiomed carries a $14.5 billion market cap on less than $600 million in fiscal 2018 revenue, but that revenue is one-third higher than what it was in 2017, and nearly three times higher than the $230 million in revenue recorded in 2015. Net income also more than doubled from 2017, to $112 million, or $2.45 per share.
The company's strong growth has analysts pounding the table for the stock, whenever it weakens, but with only 45 million shares outstanding, the shares remain vulnerable to swings in the larger market.
Abiomed continues to seek new markets for Impella and recently completed a study showing it can be useful in the immediate aftermath of a heart attack , reducing the severity of the attack and limiting the damage.
If Abiomed stock continues to weaken, it should be a takeover candidate in 2019. If it can keep growing at its present rate, however, it will be able to resist a takeover.
7 Stocks With the Strongest Balance Sheets
Either way, investors should be winners and it is still among the best stocks to buy right now.
Fortinet (FTNT)
Source: Dennis van Zuijlekom via Flickr
Fortinet (NASDAQ: FTNT ), the computer security company, has not only out-gained Netflix in 2018, but it has out-gained it over the last two years, with the stock up 151% against Netflix' 117%.
Much of that overperformance has happened over the last three months, during which the stock is down 14% while Netflix has shed 24% of its value. But for the year, Fortinet is still up 70% - a stellar performance in any market.
Fortinet calls its niche managed security for large data centers. Other people call it cloud security. The data center security market is expected to grow to $132 billion over the next few years, with increasing margins. This expectation has brought Fortinet's market cap to $12.7 billion, on expected 2018 revenue of $1.75 billion, up from $1.44 billion in 2017.
Cybersecurity, however, is an area where you must continue heavy investment to stay ahead of the bad guys, and Fortinet has only become highly profitable in the last nine months, exceeding its 2017 net income for each of the last three quarters, with over $200 million in net income expected before the year ends.
Cybersecurity is also an area where products are rapidly becoming services, and Fortinet is benefiting from the trend. Its recent deal with Symantec (NASDAQ: SYMC ), signed just this month, combines its next-generation firewall technology and FortiGate security fabric into Symantec's Web Security Service.
All this makes Fortinet, of all the companies on this list, best positioned to repeat in 2019.
Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family , available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn . As of this writing, he owned shares in AMZN, AAPL and MSFT.
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The post The 5 Top S&P 500 Stocks of 2018 appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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All the Cloud Czars - Apple (NASDAQ: AAPL ), Amazon (NASDAQ: AMZN ), Microsoft (NASDAQ: MSFT ), Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ) and Facebook (NASDAQ: FB ), have had forgettable second halves. Advance Auto Parts (AAP) Source: Shutterstock One year's loser can be the next year's winner. Thus, the most surprising member of the winner's list this year is Advance Auto Parts (NYSE: AAP ), up over 56% so far in 2018.
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All the Cloud Czars - Apple (NASDAQ: AAPL ), Amazon (NASDAQ: AMZN ), Microsoft (NASDAQ: MSFT ), Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ) and Facebook (NASDAQ: FB ), have had forgettable second halves. Advance Auto Parts (AAP) Source: Shutterstock One year's loser can be the next year's winner. Thus, the most surprising member of the winner's list this year is Advance Auto Parts (NYSE: AAP ), up over 56% so far in 2018.
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All the Cloud Czars - Apple (NASDAQ: AAPL ), Amazon (NASDAQ: AMZN ), Microsoft (NASDAQ: MSFT ), Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ) and Facebook (NASDAQ: FB ), have had forgettable second halves. Advance Auto Parts (AAP) Source: Shutterstock One year's loser can be the next year's winner. Thus, the most surprising member of the winner's list this year is Advance Auto Parts (NYSE: AAP ), up over 56% so far in 2018.
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All the Cloud Czars - Apple (NASDAQ: AAPL ), Amazon (NASDAQ: AMZN ), Microsoft (NASDAQ: MSFT ), Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ) and Facebook (NASDAQ: FB ), have had forgettable second halves. Advance Auto Parts (AAP) Source: Shutterstock One year's loser can be the next year's winner. Thus, the most surprising member of the winner's list this year is Advance Auto Parts (NYSE: AAP ), up over 56% so far in 2018.
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11270.0
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2018-12-12 00:00:00 UTC
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Is Advance Auto Parts (AAP) Stock Outpacing Its Retail-Wholesale Peers This Year?
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AAP
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https://www.nasdaq.com/articles/is-advance-auto-parts-aap-stock-outpacing-its-retail-wholesale-peers-this-year-2018-12-12
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Advance Auto Parts is a member of the Retail-Wholesale sector. This group includes 227 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AAP is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAP's full-year earnings has moved 2.38% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AAP has returned about 66.32% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 4.01%. This means that Advance Auto Parts is outperforming the sector as a whole this year.
Looking more specifically, AAP belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual stocks and currently sits at #30 in the Zacks Industry Rank. On average, stocks in this group have gained 28.61% this year, meaning that AAP is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on AAP as it attempts to continue its solid performance.
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers? On average, stocks in this group have gained 28.61% this year, meaning that AAP is performing better in terms of year-to-date returns. AAP is currently sporting a Zacks Rank of #2 (Buy).
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Looking more specifically, AAP belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual stocks and currently sits at #30 in the Zacks Industry Rank. On average, stocks in this group have gained 28.61% this year, meaning that AAP is performing better in terms of year-to-date returns. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers? Looking more specifically, AAP belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual stocks and currently sits at #30 in the Zacks Industry Rank. AAP is currently sporting a Zacks Rank of #2 (Buy).
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers? AAP is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for AAP's full-year earnings has moved 2.38% higher.
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11271.0
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2018-12-12 00:00:00 UTC
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4 Retail Stocks to Put in Your Christmas Hamper
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AAP
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https://www.nasdaq.com/articles/4-retail-stocks-to-put-in-your-christmas-hamper-2018-12-12
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With Christmas just a couple of weeks away, bargain hunters are on the prowl again. And to make things merrier for investors, we have come up with four favorably ranked Retail-Wholesale stocks.
Retail Seems to be in Season's Demand
Improving labor market, rising disposable income and perked up consumer sentiment have ignited hopes of a robust holiday season for retailers. As the season accounts for a sizeable chunk of yearly revenues and profits, retail bellwethers are going the extra mile, be it through early-hour store openings, huge discounts, promotional strategies and free shipping on online purchases.
Retailers are deploying resources to enhance omni-channel capacities, introducing brands, remodeling or refurbishing stores and expanding same-day delivery options to expedite the shopping process during the busiest part of the year. Additionally, retailers are rationalizing supply chain, improving store-related technology and augmenting ship-from-store capabilities.
Overall, the National Retail Federation anticipates a rise of 4.3-4.8% in November and December sales (excluding autos, gas and restaurant) to $717.45-$720.89 billion. Data compiled by eMarketer suggests brick-and-mortar sales rise of 4.4% to $878.38 billion with retail e-commerce holiday season sales anticipated to increase 16.6% to $123.73 billion.
So, start filling your holiday hampers with stocks that have a fair chance to outperform. Indeed, shopping season is likely to be more blissful for retailers with Christmas falling on Tuesday, 32 days after Thanksgiving. Here we have highlighted four Retail-Wholesale stocks with a favorable combination of a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a VGM Score of A or B.
4 Tempting Picks
Fossil Group, Inc.FOSL , which designs, develops, markets and distributes consumer fashion accessories, is a solid bet with a VGM Score of B. The company's bottom line has outperformed the Zacks Consensus Estimate by a wide margin in the trailing four quarters. Moreover, this Zacks Rank #1 stock has more than doubled in a year. You can see the complete list of today's Zacks #1 Rank stocks here .
RHRH , a home furnishing retailer, is another lucrative option. The stock has a long-term earnings growth rate of 21.9% and a VGM Score of A. We note that in a year, the stock has soared about 34%. The company has delivered an average positive earnings surprise of 23.5% in the trailing four quarters and sports a Zacks Rank #1.
Investors can count on BJ's Restaurants, Inc.BJRI , whose shares have increased roughly 45% in a year. This operator of casual dining restaurants has delivered an average positive earnings surprise of 33.2% in the trailing four quarters. This Zacks Rank #2 company has a long-term earnings growth rate of 14.5% and a VGM Score of B.
We also suggest investing in Advance Auto Parts, Inc.AAP , which has a long-term earnings growth rate of 12.1% and a VGM Score of A. In a year, this Zacks Rank #2 stock has surged roughly 62%. Moreover, this provider of automotive replacement parts, batteries and accessories has an average positive earnings surprise of 9.5% for the preceding four quarters.
In addition to the stocks discussed above, would you like to know about our 10 top tickers to buy and hold for the entirety of 2019?
These 10 are painstakingly handpicked from over 4,000 companies covered by the Zacks Rank. They are our primary picks poised to outperform in the year ahead. Be among the first to see the new Zacks Top 10 Stocks >>
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Fossil Group, Inc. (FOSL): Free Stock Analysis Report
BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report
Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We also suggest investing in Advance Auto Parts, Inc.AAP , which has a long-term earnings growth rate of 12.1% and a VGM Score of A. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Fossil Group, Inc. (FOSL): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report To read this article on Zacks.com click here. As the season accounts for a sizeable chunk of yearly revenues and profits, retail bellwethers are going the extra mile, be it through early-hour store openings, huge discounts, promotional strategies and free shipping on online purchases.
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We also suggest investing in Advance Auto Parts, Inc.AAP , which has a long-term earnings growth rate of 12.1% and a VGM Score of A. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Fossil Group, Inc. (FOSL): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report To read this article on Zacks.com click here. Data compiled by eMarketer suggests brick-and-mortar sales rise of 4.4% to $878.38 billion with retail e-commerce holiday season sales anticipated to increase 16.6% to $123.73 billion.
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Fossil Group, Inc. (FOSL): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report To read this article on Zacks.com click here. We also suggest investing in Advance Auto Parts, Inc.AAP , which has a long-term earnings growth rate of 12.1% and a VGM Score of A. Here we have highlighted four Retail-Wholesale stocks with a favorable combination of a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a VGM Score of A or B.
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We also suggest investing in Advance Auto Parts, Inc.AAP , which has a long-term earnings growth rate of 12.1% and a VGM Score of A. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Fossil Group, Inc. (FOSL): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, this Zacks Rank #1 stock has more than doubled in a year.
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11272.0
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2018-11-29 00:00:00 UTC
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Advance Auto (AAP) Shifts Center to North Carolina's Raleigh
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AAP
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https://www.nasdaq.com/articles/advance-auto-aap-shifts-center-to-north-carolinas-raleigh-2018-11-29
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Per AP, Advance Auto Parts, Inc.AAP is shifting its headquarters to Raleigh, NC, after staying at Roanoke, VA, for almost 90 years. The new site for head office has been chosen as numerous qualified and technically advanced candidates are available in Raleigh. However, the 600 employees working at Roanoke are to continue working, even after the office gets shifted.
Changing the center's location is in sync with Advance Auto's strategy to widen its online presence. Availability of technically-advanced talents in Raleigh makes it a better headquarter option for expanding the company's virtual presence.
Moving of the headquarters to Raleigh adds approximately 435 jobs to the company. The requirement for these openings will be focused on data analytics, internet commerce and other computer technology roles. In lieu of $11-million package of state and local incentives, the company will maintain 700 jobs at the new head office.
Advance Auto Parts, Inc. Price and Consensus
Advance Auto Parts, Inc. Price and Consensus | Advance Auto Parts, Inc. Quote
After the acquisition of Raleigh-based General Parts International Inc. in 2014, Advance Auto separated corporate and support processes among Roanoke and Raleigh. In fact, since 2014, the combined corporate operations are managed in Raleigh, with more than $17 million in tax breaks. Currently, most of the company's top executives are based in Raleigh.
Advance Auto Parts is focusing on expansion through partnerships, increasing online presence and opening stores. In October, it announced that it collaborated with Walmart to create an automotive specialty store on Walmart.com. The company is benefitting from improved online traffic, which is enabling it to offer its extensive portfolio of aftermarket auto parts, accessories and maintenance items to a larger customer base.
Price Performance
Over the past three months, Advance Auto's stock has gained 10.6%, outperforming 4.3% increase recorded by the industry it belongs to.
Zacks Rank & Other Key Picks
Advance Auto currently carries a Zacks Rank #2 (Buy). A few other top-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Tesla, Inc. TSLA and Toyota Motor Corporation TM . Allison Transmission currently sports a Zacks Rank #1 (Strong Buy) while Tesla and Toyota carry a Zacks Rank of 2. You can see the complete list of today's Zacks #1 Rank stocks here .
Allison Transmission has an expected long-term growth rate of 10%. Shares of the company have increased 13.7% over the past six months.
Tesla has an expected long-term growth rate of 35%. Shares of the company have rallied 19.3% over the past six months.
Toyota has an expected long-term growth rate of 6%. Over the past month, shares of the company have gained 4.6%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
Tesla, Inc. (TSLA): Free Stock Analysis Report
Toyota Motor Corporation (TM): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Per AP, Advance Auto Parts, Inc.AAP is shifting its headquarters to Raleigh, NC, after staying at Roanoke, VA, for almost 90 years. Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corporation (TM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. The company is benefitting from improved online traffic, which is enabling it to offer its extensive portfolio of aftermarket auto parts, accessories and maintenance items to a larger customer base.
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Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corporation (TM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Per AP, Advance Auto Parts, Inc.AAP is shifting its headquarters to Raleigh, NC, after staying at Roanoke, VA, for almost 90 years. Advance Auto Parts, Inc. Price and Consensus Advance Auto Parts, Inc. Price and Consensus | Advance Auto Parts, Inc. Quote After the acquisition of Raleigh-based General Parts International Inc. in 2014, Advance Auto separated corporate and support processes among Roanoke and Raleigh.
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Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corporation (TM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Per AP, Advance Auto Parts, Inc.AAP is shifting its headquarters to Raleigh, NC, after staying at Roanoke, VA, for almost 90 years. Advance Auto Parts, Inc. Price and Consensus Advance Auto Parts, Inc. Price and Consensus | Advance Auto Parts, Inc. Quote After the acquisition of Raleigh-based General Parts International Inc. in 2014, Advance Auto separated corporate and support processes among Roanoke and Raleigh.
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Per AP, Advance Auto Parts, Inc.AAP is shifting its headquarters to Raleigh, NC, after staying at Roanoke, VA, for almost 90 years. Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corporation (TM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. Price and Consensus Advance Auto Parts, Inc. Price and Consensus | Advance Auto Parts, Inc. Quote After the acquisition of Raleigh-based General Parts International Inc. in 2014, Advance Auto separated corporate and support processes among Roanoke and Raleigh.
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11273.0
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2018-11-23 00:00:00 UTC
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Meritor Gains From Robust Demand Despite Rising Expenses
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AAP
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https://www.nasdaq.com/articles/meritor-gains-from-robust-demand-despite-rising-expenses-2018-11-23
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nan
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On Nov 22, we issued an updated research report on Meritor, Inc.MTOR .
Last week, this manufacturer and global supplier of automotive equipment reported its fourth-quarter fiscal 2018 earnings. The company's adjusted earnings for the quarter were 82 cents per share, beating the Zacks Consensus Estimate of 78 cents. Sales were $1.08 billion, which surpassed the Zacks Consensus Estimate of $1.03 billion as well. Increased production across all key markets, improved market share and new business wins, aided the company's results during the reported quarter.
A similar trend of increased production is expected to continue in the coming quarters as well. Strong demand for Class A trucks in North America, and steady demand for trucks across Europe, India and South America are expected to drive Meritor's sales in fiscal 2019. For fiscal 2019, the company expects revenues of $4.25 billion while adjusted earnings from continuing operations are anticipated to be around $3.10 per share.
Meritor, Inc. Price and Consensus
Meritor, Inc. Price and Consensus | Meritor, Inc. Quote
Meritor is focused on achieving its targets of the M2019 business plan that focuses on driving growth. In fact, the company achieved two of the three financial targets of the multi-year plan a year prior to the actual closing period. In fiscal 2018, it generated adjusted EBIDTA of $474 million, which led to rise of $1.25 in adjusted earnings per share from fiscal 2015. Further, the company realized its second goal to reduce net debt-to-adjusted EBITDA ratio to less than 1.5.
Apart from achieving financial targets of the M2019 plan, Meritor is in sync with its strategy of acquiring businesses and introducing new products to accelerate growth. In April 2018, the company acquired assets of AA Gear & Manufacturing, enabling it to gain customers and expand capabilities for its components segment. Prior to this, Meritor acquired the product portfolio and related technologies of Fabco Holdings in August 2017.
However, augmented investments for its ongoing M2019 plan to support new programs is increasing the selling, general and administrative (SG&A) expenses of the company. In fiscal 2018, Meritor recorded SG&A expenses of $317 million compared with $264 million recorded a year ago. Continuous rise in expenses might hurt the company's gross margin.
Further, dependence on the top three largest customers - AB Volvo, Daimler AG and PACCAR Inc. - that accounted for more than 50% of total sales in fiscal 2018 is another concern. Dependence on a few clients may hurt the company with respect to buyer power.
Of late, earnings estimates for Meritor have been going down. Over the past seven days, estimates for fiscal 2019 have moved down 0.9% to $3.22.
Price Performance
Over the past three months, Meritor's stock has lost 25%, outperforming 28% decrease recorded by the industry it belongs to.
Zacks Rank & Key Picks
Meritor currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and Tower International, Inc, TOWR . Allison Transmission currently sports a Zacks Rank #1 (Strong Buy) while Advance Auto and Tower International carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Allison Transmission has an expected long-term growth rate of 10%. Shares of the company have increased 10.5% over the past six months.
Advance Auto Parts has an expected long-term growth rate of 14.6%. Shares of the company have rallied 39.5% over the past six months.
Tower International has an expected long-term growth rate of 8%. Over the past six months, shares of the company have gained 4.2%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker 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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Meritor, Inc. (MTOR): Free Stock Analysis Report
Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report
Tower International, Inc. (TOWR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and Tower International, Inc, TOWR . Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Meritor, Inc. (MTOR): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Tower International, Inc. (TOWR): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from achieving financial targets of the M2019 plan, Meritor is in sync with its strategy of acquiring businesses and introducing new products to accelerate growth.
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Meritor, Inc. (MTOR): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Tower International, Inc. (TOWR): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and Tower International, Inc, TOWR . Meritor, Inc. Price and Consensus Meritor, Inc. Price and Consensus | Meritor, Inc. Quote Meritor is focused on achieving its targets of the M2019 business plan that focuses on driving growth.
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Meritor, Inc. (MTOR): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Tower International, Inc. (TOWR): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and Tower International, Inc, TOWR . The company's adjusted earnings for the quarter were 82 cents per share, beating the Zacks Consensus Estimate of 78 cents.
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Meritor, Inc. (MTOR): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Tower International, Inc. (TOWR): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and Tower International, Inc, TOWR . For fiscal 2019, the company expects revenues of $4.25 billion while adjusted earnings from continuing operations are anticipated to be around $3.10 per share.
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11274.0
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2018-11-22 00:00:00 UTC
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Is Advance Auto Parts (AAP) Stock Outpacing Its Retail-Wholesale Peers This Year?
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AAP
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https://www.nasdaq.com/articles/is-advance-auto-parts-aap-stock-outpacing-its-retail-wholesale-peers-this-year-2018-11-22
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Advance Auto Parts is a member of the Retail-Wholesale sector. This group includes 228 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AAP is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAP's full-year earnings has moved 2.39% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AAP has moved about 75.21% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 2.09% on average. This means that Advance Auto Parts is outperforming the sector as a whole this year.
Breaking things down more, AAP is a member of the Automotive - Retail and Wholesale - Parts industry, which includes 5 individual companies and currently sits at #7 in the Zacks Industry Rank. On average, stocks in this group have gained 28.28% this year, meaning that AAP is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to AAP as it looks to continue its solid performance.
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers? On average, stocks in this group have gained 28.28% this year, meaning that AAP is performing better in terms of year-to-date returns. AAP is currently sporting a Zacks Rank of #2 (Buy).
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Breaking things down more, AAP is a member of the Automotive - Retail and Wholesale - Parts industry, which includes 5 individual companies and currently sits at #7 in the Zacks Industry Rank. On average, stocks in this group have gained 28.28% this year, meaning that AAP is performing better in terms of year-to-date returns. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers? AAP is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for AAP's full-year earnings has moved 2.39% higher.
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), but is the stock performing well in comparison to the rest of its sector peers? Over the past 90 days, the Zacks Consensus Estimate for AAP's full-year earnings has moved 2.39% higher. According to our latest data, AAP has moved about 75.21% on a year-to-date basis.
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11275.0
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2018-11-20 00:00:00 UTC
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Allison Partners With Telematics for Connected Capabilities
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AAP
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https://www.nasdaq.com/articles/allison-partners-with-telematics-for-connected-capabilities-2018-11-20
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nan
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Allison Transmission Holdings, Inc.ALSN is partnering with Westfield, IN-based LHP Telematics LLC to add support for Allison's 4th and 5th generation transmissions. Telematics is a provider of telematics solutions for equipment manufacturers. Telematics will provide its custom-made white label telematics solutions that are designed for OEMs, and dealer networks in the off & on-highway, construction and other markets.
Per Allison's management, this collaboration will aid the company to extend its development in connected ecosystem. This new technology will help customers to get important information about their transmissions from a known source. Using Telematics' service will cut costs and downtime for maintaining transmissions.
The company frequently collaborates with others to support connected vehicle ecosystem for its conventional and hybrid transmissions. In September, Allison collaborated with Clever Devices, Ltd. and Geotab Inc. for technology that can provide diagnostic transmission information of bus fleets.
Allison Transmission Holdings, Inc. Price and Consensus
Allison Transmission Holdings, Inc. Price and Consensus | Allison Transmission Holdings, Inc. Quote
Indianapolis, IN-based Allison is a designer and manufacturer of fully-automatic transmissions for vehicles. The company's transmissions are used in construction, distribution, transit, and on & off-highway vehicles.
Price Performance
In the past three months, Allison's stock has lost 3.7%, outperforming 21.4% decrease recorded by the industry it belongs to.
Zacks Rank & Other Key Picks
Allison currently carries a Zacks Rank #1 (Strong Buy). A few other top-ranked stocks in the auto space include Advance Auto Parts, Inc. AAP , General Motors Company GM and O'Reilly Automotive, Inc. ORLY , each carrying Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Advance Auto has an expected long-term growth rate of 13.1%. Shares of the company have increased 10.9% over the past three months.
General Motors has an expected long-term growth rate of 8.5%. Shares of the company have rallied 13.8% over the past month.
O'Reilly has an expected long-term growth rate of 15.7%. Over the past three months, shares of the company have gained 7.3%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker 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
General Motors Company (GM): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few other top-ranked stocks in the auto space include Advance Auto Parts, Inc. AAP , General Motors Company GM and O'Reilly Automotive, Inc. ORLY , each carrying Zacks Rank #2 (Buy). Click to get this free report General Motors Company (GM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. In September, Allison collaborated with Clever Devices, Ltd. and Geotab Inc. for technology that can provide diagnostic transmission information of bus fleets.
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A few other top-ranked stocks in the auto space include Advance Auto Parts, Inc. AAP , General Motors Company GM and O'Reilly Automotive, Inc. ORLY , each carrying Zacks Rank #2 (Buy). Click to get this free report General Motors Company (GM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Allison Transmission Holdings, Inc. Price and Consensus Allison Transmission Holdings, Inc. Price and Consensus | Allison Transmission Holdings, Inc. Quote Indianapolis, IN-based Allison is a designer and manufacturer of fully-automatic transmissions for vehicles.
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A few other top-ranked stocks in the auto space include Advance Auto Parts, Inc. AAP , General Motors Company GM and O'Reilly Automotive, Inc. ORLY , each carrying Zacks Rank #2 (Buy). Click to get this free report General Motors Company (GM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Allison Transmission Holdings, Inc. Price and Consensus Allison Transmission Holdings, Inc. Price and Consensus | Allison Transmission Holdings, Inc. Quote Indianapolis, IN-based Allison is a designer and manufacturer of fully-automatic transmissions for vehicles.
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A few other top-ranked stocks in the auto space include Advance Auto Parts, Inc. AAP , General Motors Company GM and O'Reilly Automotive, Inc. ORLY , each carrying Zacks Rank #2 (Buy). Click to get this free report General Motors Company (GM): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Allison Transmission Holdings, Inc. Price and Consensus Allison Transmission Holdings, Inc. Price and Consensus | Allison Transmission Holdings, Inc. Quote Indianapolis, IN-based Allison is a designer and manufacturer of fully-automatic transmissions for vehicles.
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11276.0
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2018-11-15 00:00:00 UTC
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Auto Stock Roundup: Ford Focuses on Mobility Services, Johnson Controls to Sell Unit
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-ford-focuses-on-mobility-services-johnson-controls-to-sell-unit-2018
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nan
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nan
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Majority of auto companies have reported their quaterly results. The past week saw releases from the likes of Magna International Inc. MGA , Johnson Controls International plc JCI and Advance Auto Parts, Inc. AAP .
Earnings for Magna and Advance Auto Parts surpassed the Zacks Consensus Estimate and were higher than the year-ago quarter. While Johnson Controls' earnings were in line with estimates, the figure improved year over year. Additionally, on the revenue front, all three companies witnessed year-over-year improvements. Revenues surpassed estimates for both Advance Auto Parts and Johnson Controls, while Magna's revenues missed the same.
In the past week, Ford Motor Company's F subsidiary Ford Smart Mobility LLC announced that it acquired an electric-scooter-sharing company, Spin. This acquisition is likely to aid the company improve its portfolio of mobility services. Johnson Controls announced its plan to sell the power solutions business. The sale will help the company focus on its building technologies & solutions segment.
Recap of the Week's Most Important Stories
1. Magna delivered third-quarter 2018 adjusted earnings per share of $1.56, beating the Zacks Consensus Estimate of $1.49. Further, the bottom line was higher than the year-ago figure of $1.39.
Revenues increased 9% year over year to $9.6 billion. However, the top line missed the Zacks Consensus Estimate of $9.8 billion. Light-vehicle production growth was 4% in North America and unchanged in Europe in the quarter.
Moreover, adjusted EBIT declined to $699 million from the year-ago $705 million.
Revenues at the Body Exteriors & Structures segment were $4.2 billion in the reported quarter compared with $4 billion in third-quarter 2017. Moreover, adjusted EBIT rose 5.2% year over year to $322 million.
Revenues at the Power & Vision segment totaled $2.9 billion in comparison with $2.8 billion recorded in the prior-year quarter. Adjusted EBIT declined 3.4% year over year to $258 million.
Revenues at the Seating Systems segment totaled $1.22 billion, almost flat year over year. Adjusted EBIT declined 27.4% year over year to $69 million.
Revenues at the Complete Vehicles segment increased to $1.39 billion in the quarter under review from $938 million in third-quarter 2017. Adjusted EBIT rose 41.2% year over year to $24 million. (Read more: Magna Beats Q3 Earnings Estimates, Lowers Guidance )
Magna currently carries a Zacks Rank #3 (Hold).
2. Ford's subsidiary Ford Smart Mobility LLC announced that it acquired an electric-scooter-sharing company, Spin. Based in San Francisco, CA, the acquired company is a two-year-old start-up that offers alternative first and last-mile transportation solutions to customers.
Per Ford's management, the acquisition will aid the company to improve its portfolio of mobility services. Ford is trying to adjust itself with the changing needs of its markets, which is complemented with the addition of electric-scooters (e-scooters).
Currently, Spin has presence in 13 cities, apart from campuses across the United States. Per a source mentioned in Reuters, Ford will invest approximately $200 million in Spin. Further, the company plans to expand Spin's services to more than 100 markets in North America within a span of one and a half years.
Among a number of mobility options available to customers, e-scooter has become fairly popular, which is suitable for short distances. Apart from Spin, two other companies namely Lime and Bird offer similar services. The companies offer services through applications that allow users to rent e-scooters within the rate of 15 cents to $1 a minute. These two major players, Lime and Bird attracted huge investments from big companies, valuing $4 billion and $2 billion, respectively. (Read more: Ford Includes Mobility Service Company to Its Portfolio )
Ford currently carries a Zacks Rank #3.
3. Johnson Controls has announced that it is selling its power solutions business to Brookfield Business Partners L.P. and institutional partners (jointly, "Brookfield"). A definitive agreement has been signed between Johnson Controls and Brookfield for the sell-off, which is valued at a cash transaction of $13.2 billion. Depending on regulatory approvals and closing conditions, the transaction is anticipated to close by Jun 30, 2019.
Out of the total cash transaction, net cash proceeds are anticipated to be $11.4 billion after deducting tax-related expenses. Johnson Controls expects to use $3-$3.5 billion in debt repayment while the rest will be returned to shareholders. A complete detail on the cash proceeds usage will be reported after the closing of the transaction.
The company started weighing on alternatives for the power solutions unit in March. Apart from this, it functions through another segment i.e. building technologies & solutions.
The sale of the unit will aid Johnson Controls to focus on its building technologies & solutions segment, which is better placed for the integration and development of connected building. Per management, its building technologies have better possibility of capturing opportunities in the HVAC industry.
The company's power solutions business is a manufacturer and distributor of advanced battery technologies for vehicles across the globe. The division also works in partnership with its customers to meet evolving electrification requirements in cars.
In the last week, Johnson Controls announced its fiscal 2018 results. During the fiscal year, the company's power solutions unit generated revenues of $8 billion, and earnings before interest, taxes, depreciation and amortization (EBITDA) of $1.7 billion. (Read more: Johnson Controls to Sell Power Solutions Unit for $13B )
Johnson Controls currently carries a Zacks Rank #3.
4. Advance Auto Parts reported adjusted earnings of $1.89 per share in third-quarter 2018 (ended Oct 6, 2018), up from $1.43 in the prior-year quarter. The figure surpassed the Zacks Consensus Estimate of $1.77. Adjusted operating income increased 12.5% year over year to $193.7 million.
Advance Auto Parts reported net revenues of $2.3 billion, beating the Zacks Consensus Estimate of $2.23 billion. Revenues were 4.3% higher than the year-ago quarter. During the quarter under review, comparable store sales were 4.6% higher year over year. This marks strongest comparable sales growth in eight years for the company.
Gross profit was $1.01 billion in the reported quarter, higher than the prior-year quarter figure of $947.7 million. Gross Profit margin increased 90 basis points year over year to 44.3%.
Adjusted selling, general and administrative (SG&A) expenses totaled $813.8 million compared with $775.5 million in the year-ago period.
Advance Auto Parts had cash and cash equivalents of $970 million as of Oct 6, 2018, up from $363.3 million as of Oct 7, 2017. Total long-term debt was $1.05 billion as of Oct 6, 2018, higher than $1.04 billion as of Dec 30, 2017.
In third-quarter 2018, operating cash flow was $681.5 million compared with $401 million in the same period of 2017. (Read more: Advance Auto Parts Beats on Q3 Earnings & Revenues )
Advance Auto Parts currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
5. O'Reilly Automotive, Inc. ORLY announced that its board of directors approved rise of $1 billion in its share repurchase program. This brought the total share repurchase authorization to $11.75 billion. Further, this auto parts retailer agreed to purchase all the auto parts-related assets of automotive parts supplier Bennett Auto Supply, Inc., based in Pompano Beach, FL.
O'Reilly pursues an aggressive share-repurchase policy, which continues to boost earnings per share. In third-quarter 2018, the company repurchased 0.9 million shares for $416 million, the average price being $306.22 per share.
Subsequently, from the end of third-quarter 2018 to the date of the earnings release on Oct 24, it purchased additional 0.2 million shares for $68 million.
This new $1-billion share repurchase authorization is effective for a three-year period. Before this hike in share buyback, in February 2018, O'Reilly raised the share repurchase authorization amount by additional $1 billion to $10.75 billion.
On the other hand, the purchase of Bennett assets is likely to be completed by the end of 2018. Over the past six decades, the Bennett family has successfully built its business, which aims to provide excellent customer service. The deal positions the company for growth in Florida by opening up huge opportunities. (Read more: O'Reilly to Raise Share Buyback Program, Buys Auto Assets )
O'Reilly currently carries a Zacks Rank #2.
Performance
In the last week, Advance Auto Parts gained the most while General Motors Company GM declined the maximum.
In the past six months, Advance Auto Parts has increased the most, whereas Ford declined the most.
What's Next in the Auto Space?
Watch out for the usual news releases over the next week.
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General Motors Company (GM): Free Stock Analysis Report
Ford Motor Company (F): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Johnson Controls International plc (JCI): Free Stock Analysis Report
Magna International Inc. (MGA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The past week saw releases from the likes of Magna International Inc. MGA , Johnson Controls International plc JCI and Advance Auto Parts, Inc. AAP . Click to get this free report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Johnson Controls International plc (JCI): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report To read this article on Zacks.com click here. Based in San Francisco, CA, the acquired company is a two-year-old start-up that offers alternative first and last-mile transportation solutions to customers.
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The past week saw releases from the likes of Magna International Inc. MGA , Johnson Controls International plc JCI and Advance Auto Parts, Inc. AAP . Click to get this free report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Johnson Controls International plc (JCI): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report To read this article on Zacks.com click here. In the past week, Ford Motor Company's F subsidiary Ford Smart Mobility LLC announced that it acquired an electric-scooter-sharing company, Spin.
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Click to get this free report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Johnson Controls International plc (JCI): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report To read this article on Zacks.com click here. The past week saw releases from the likes of Magna International Inc. MGA , Johnson Controls International plc JCI and Advance Auto Parts, Inc. AAP . During the fiscal year, the company's power solutions unit generated revenues of $8 billion, and earnings before interest, taxes, depreciation and amortization (EBITDA) of $1.7 billion.
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The past week saw releases from the likes of Magna International Inc. MGA , Johnson Controls International plc JCI and Advance Auto Parts, Inc. AAP . Click to get this free report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Johnson Controls International plc (JCI): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report To read this article on Zacks.com click here. While Johnson Controls' earnings were in line with estimates, the figure improved year over year.
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11277.0
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2018-11-14 00:00:00 UTC
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Company News For Nov 14, 2018
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AAP
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https://www.nasdaq.com/articles/company-news-for-nov-14-2018-2018-11-14
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nan
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nan
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Tyson Foods Inc.'s TSN shares tumbled 5.6% after the company posted fourth-quarter fiscal 2018 revenues of $9,999 million, lagging the Zacks Consensus Estimate of $10.154 million
Shares of Advance Auto Parts Inc. AAP jumped 10.6% after the company reported third-quarter 2018 adjusted earnings per share of $1.89, surpassing the Zacks Consensus Estimate of $1.77
Johnson Controls International plc JCI shares gained 1.7% following news that its Power Solutions unit will be acquired by Brookfield Business Partners for $13.2 billion in cash
Shares of Vodafone Group Plc VOD soared 8% after its CEO confirmed that the company will not reduce the dividend payout and might even increase it
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Johnson Controls International plc (JCI): Free Stock Analysis Report
Tyson Foods, Inc. (TSN): Free Stock Analysis Report
Vodafone Group PLC (VOD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tyson Foods Inc.'s TSN shares tumbled 5.6% after the company posted fourth-quarter fiscal 2018 revenues of $9,999 million, lagging the Zacks Consensus Estimate of $10.154 million Shares of Advance Auto Parts Inc. AAP jumped 10.6% after the company reported third-quarter 2018 adjusted earnings per share of $1.89, surpassing the Zacks Consensus Estimate of $1.77 Johnson Controls International plc JCI shares gained 1.7% following news that its Power Solutions unit will be acquired by Brookfield Business Partners for $13.2 billion in cash Shares of Vodafone Group Plc VOD soared 8% after its CEO confirmed that the company will not reduce the dividend payout and might even increase it Want the latest recommendations from Zacks Investment Research? Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Johnson Controls International plc (JCI): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Vodafone Group PLC (VOD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tyson Foods Inc.'s TSN shares tumbled 5.6% after the company posted fourth-quarter fiscal 2018 revenues of $9,999 million, lagging the Zacks Consensus Estimate of $10.154 million Shares of Advance Auto Parts Inc. AAP jumped 10.6% after the company reported third-quarter 2018 adjusted earnings per share of $1.89, surpassing the Zacks Consensus Estimate of $1.77 Johnson Controls International plc JCI shares gained 1.7% following news that its Power Solutions unit will be acquired by Brookfield Business Partners for $13.2 billion in cash Shares of Vodafone Group Plc VOD soared 8% after its CEO confirmed that the company will not reduce the dividend payout and might even increase it Want the latest recommendations from Zacks Investment Research? Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Johnson Controls International plc (JCI): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Vodafone Group PLC (VOD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tyson Foods Inc.'s TSN shares tumbled 5.6% after the company posted fourth-quarter fiscal 2018 revenues of $9,999 million, lagging the Zacks Consensus Estimate of $10.154 million Shares of Advance Auto Parts Inc. AAP jumped 10.6% after the company reported third-quarter 2018 adjusted earnings per share of $1.89, surpassing the Zacks Consensus Estimate of $1.77 Johnson Controls International plc JCI shares gained 1.7% following news that its Power Solutions unit will be acquired by Brookfield Business Partners for $13.2 billion in cash Shares of Vodafone Group Plc VOD soared 8% after its CEO confirmed that the company will not reduce the dividend payout and might even increase it Want the latest recommendations from Zacks Investment Research? Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Johnson Controls International plc (JCI): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Vodafone Group PLC (VOD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tyson Foods Inc.'s TSN shares tumbled 5.6% after the company posted fourth-quarter fiscal 2018 revenues of $9,999 million, lagging the Zacks Consensus Estimate of $10.154 million Shares of Advance Auto Parts Inc. AAP jumped 10.6% after the company reported third-quarter 2018 adjusted earnings per share of $1.89, surpassing the Zacks Consensus Estimate of $1.77 Johnson Controls International plc JCI shares gained 1.7% following news that its Power Solutions unit will be acquired by Brookfield Business Partners for $13.2 billion in cash Shares of Vodafone Group Plc VOD soared 8% after its CEO confirmed that the company will not reduce the dividend payout and might even increase it Want the latest recommendations from Zacks Investment Research? Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Johnson Controls International plc (JCI): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Vodafone Group PLC (VOD): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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11278.0
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2018-11-14 00:00:00 UTC
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Advance Auto Parts (AAP) Soars: Stock Adds 10.6% in Session
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-soars%3A-stock-adds-10.6-in-session-2018-11-14
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nan
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Advance Auto Parts, Inc.AAP was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $159.18 to $172.45 in the past one-month time frame.
The move came after the company reported solid third-quarter 2018 results.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Advance Auto Parts currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Advance Auto Parts, Inc. Price
Advance Auto Parts, Inc. Price | Advance Auto Parts, Inc. Quote
Investors interested in the Automotive - Retail and Wholesale - Parts industry may consider U.S. Auto Parts Network, Inc. PRTS , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Is AAP going up? Or down? Predict to see what others think: Up or Down
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
U.S. Auto Parts Network, Inc. (PRTS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc.AAP was a big mover last session, as the company saw its shares rise nearly 11% on the day. Is AAP going up? Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report U.S. Auto Parts Network, Inc. (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report U.S. Auto Parts Network, Inc. (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc.AAP was a big mover last session, as the company saw its shares rise nearly 11% on the day. Is AAP going up?
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report U.S. Auto Parts Network, Inc. (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc.AAP was a big mover last session, as the company saw its shares rise nearly 11% on the day. Is AAP going up?
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Advance Auto Parts, Inc.AAP was a big mover last session, as the company saw its shares rise nearly 11% on the day. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report U.S. Auto Parts Network, Inc. (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Is AAP going up?
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11279.0
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2018-11-14 00:00:00 UTC
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AAP Crosses Above Average Analyst Target
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AAP
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https://www.nasdaq.com/articles/aap-crosses-above-average-analyst-target-2018-11-14
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nan
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nan
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In recent trading, shares of Advance Auto Parts Inc (Symbol: AAP) have crossed above the average analyst 12-month target price of $182.27, changing hands for $184.72/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 11 different analyst targets contributing to that average for Advance Auto Parts Inc, but the average is just that - a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $155.00. And then on the other side of the spectrum one analyst has a target as high as $220.00. The standard deviation is $18.499.
But the whole reason to look at the average AAP price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAP crossing above that average target price of $182.27/share, investors in AAP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $182.27 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Advance Auto Parts Inc:
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com . Get the latest Zacks research report on AAP - FREE .
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of Advance Auto Parts Inc (Symbol: AAP) have crossed above the average analyst 12-month target price of $182.27, changing hands for $184.72/share. But the whole reason to look at the average AAP price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAP crossing above that average target price of $182.27/share, investors in AAP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $182.27 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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In recent trading, shares of Advance Auto Parts Inc (Symbol: AAP) have crossed above the average analyst 12-month target price of $182.27, changing hands for $184.72/share. But the whole reason to look at the average AAP price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAP crossing above that average target price of $182.27/share, investors in AAP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $182.27 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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And so with AAP crossing above that average target price of $182.27/share, investors in AAP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $182.27 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Advance Auto Parts Inc (Symbol: AAP) have crossed above the average analyst 12-month target price of $182.27, changing hands for $184.72/share. But the whole reason to look at the average AAP price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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In recent trading, shares of Advance Auto Parts Inc (Symbol: AAP) have crossed above the average analyst 12-month target price of $182.27, changing hands for $184.72/share. But the whole reason to look at the average AAP price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAP crossing above that average target price of $182.27/share, investors in AAP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $182.27 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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11280.0
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2018-11-13 00:00:00 UTC
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Adient's (ADNT) Q4 Earnings Beat Estimates, Revenues Up
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AAP
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https://www.nasdaq.com/articles/adients-adnt-q4-earnings-beat-estimates-revenues-up-2018-11-13
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nan
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nan
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Adient plcADNT reported fourth-quarter fiscal 2018 adjusted earnings per share of $1.30, beating the Zacks Consensus Estimate of $1.26. The bottom-line figure in the year-ago quarter was $2.32 per share. In fiscal 2018, the company reported adjusted earnings per share of $5.62.
During the quarter under review, Adient reported net sales of $4.15 billion, up 4% from fourth-quarter fiscal 2017. Further, the top line beat the Zacks Consensus Estimate of $4.12 billion. During the reported quarter, gains generated from the Futuris acquisition and increased volume aided revenue growth. In fiscal 2018, the company reported revenues of $17.4 billion, up from the fiscal 2017 figure of $16.2 billion.
During the quarter under review, net loss attributed to Adient was $1.36 billion against the net income of $344 million in fourth-quarter fiscal 2017.
Adient PLC Price, Consensus and EPS Surprise
Adient PLC Price, Consensus and EPS Surprise | Adient PLC Quote
Quarter in Detail
During the reported quarter, the Seating segment of the company reported net sales of $3.75 billion, up from $3.61 billion in fourth-quarter fiscal 2017.
Adjusted EBITDA for this segment amounted to $301 million, down from $403 million in fourth-quarter fiscal 2017.
The Seat Structures & Mechanisms (SS&M) segment reported revenues of $705 million, up from $670 million in the prior-year quarter. Adjusted EBITDA for this segment amounted to negative $34 million against $4 million in fourth-quarter fiscal 2017.
Financials
Adient had cash and cash equivalents of $687 million as of Sep 30, 2018, compared with $709 million as of Sep 30, 2017.
As of the same date, net debt amounted to $2.7 billion, down from $2.8 billion as of Sep 30, 2017.
Zacks Rank & Key Picks
Currently, Adient has a Zacks Rank #5 (Strong Sell).
A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO . While Allison Transmission sports a Zacks Rank #1 (Strong Buy), both Advance Auto Parts and AutoZone carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Allison Transmission has an expected long-term growth rate of 10%. Over the past six months, shares of the company have surged 10%.
Advance Auto Parts has an expected long-term growth rate of 12.3%. Over the past six months, shares of the company have risen 37.3%.
AutoZone has an expected long-term growth rate of 12.2%. Over the past six months, shares of the company have risen 19%.
The Hottest Tech Mega-Trend of All
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See Zacks' 3 Best Stocks to Play This Trend >>
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
AutoZone, Inc. (AZO): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Adient PLC (ADNT): Free Stock Analysis Report
Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO . Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Adient PLC (ADNT): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Adient plcADNT reported fourth-quarter fiscal 2018 adjusted earnings per share of $1.30, beating the Zacks Consensus Estimate of $1.26.
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Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Adient PLC (ADNT): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO . Adient PLC Price, Consensus and EPS Surprise Adient PLC Price, Consensus and EPS Surprise | Adient PLC Quote Quarter in Detail During the reported quarter, the Seating segment of the company reported net sales of $3.75 billion, up from $3.61 billion in fourth-quarter fiscal 2017.
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Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Adient PLC (ADNT): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO . In fiscal 2018, the company reported revenues of $17.4 billion, up from the fiscal 2017 figure of $16.2 billion.
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A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO . Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Adient PLC (ADNT): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. In fiscal 2018, the company reported adjusted earnings per share of $5.62.
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11281.0
|
2018-11-13 00:00:00 UTC
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S&P 500 Movers: EQT, AAP
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AAP
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https://www.nasdaq.com/articles/sp-500-movers-eqt-aap-2018-11-13
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nan
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nan
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In early trading on Tuesday, shares of Advance Auto Parts topped the list of the day's best performing components of the S&P 500 index, trading up 9.1%. Year to date, Advance Auto Parts registers a 82.8% gain.
And the worst performing S&P 500 component thus far on the day is EQT, trading down 42.6%. EQT is lower by about 65.0% looking at the year to date performance.
Two other components making moves today are Tyson Foods, trading down 6.4%, and Cabot Oil & Gas, trading up 4.6% on the day.
VIDEO: S&P 500 Movers: EQT, AAP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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VIDEO: S&P 500 Movers: EQT, AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Tuesday, shares of Advance Auto Parts topped the list of the day's best performing components of the S&P 500 index, trading up 9.1%. Year to date, Advance Auto Parts registers a 82.8% gain.
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VIDEO: S&P 500 Movers: EQT, AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Year to date, Advance Auto Parts registers a 82.8% gain. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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VIDEO: S&P 500 Movers: EQT, AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Tuesday, shares of Advance Auto Parts topped the list of the day's best performing components of the S&P 500 index, trading up 9.1%. Two other components making moves today are Tyson Foods, trading down 6.4%, and Cabot Oil & Gas, trading up 4.6% on the day.
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VIDEO: S&P 500 Movers: EQT, AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Tuesday, shares of Advance Auto Parts topped the list of the day's best performing components of the S&P 500 index, trading up 9.1%. And the worst performing S&P 500 component thus far on the day is EQT, trading down 42.6%.
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11282.0
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2018-11-13 00:00:00 UTC
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Earnings Data Deluge
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AAP
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https://www.nasdaq.com/articles/earnings-data-deluge-2018-11-13
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nan
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nan
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After a blood-red Monday in the U.S. market indexes - including more than 2% sell-offs on both the Dow and Nasdaq, including a 600-point drop in the Big 30 - we see some green across the board in today's pre-market, albeit relatively slight. A negative supply outlook for Apple AAPL yesterday, along with a deceleration in iPhone unit shipments expected, helped the indexes to their leg down, falling by roughly $5 per share. Apple is down another 1%+ in today's early session.
Additional market concerns - from still-lower oil prices amid a new growing supply glut, potential auto import tariffs of a whopping 25%, and election results in Florida which remain unresolved nearly a week since polling places closed - also tore through market expectations, as November struggles to fight back from the big losses we saw in October - the lowest trading month of calendar 2018. The Dow still trades up for the year, around 550 points overall.
Reports of trade negotiations back on between the U.S. and China this morning, from both the Wall Street Journal (WSJ) and the South China Morning Post , indicate that some of the tensions are easing between the top two economies in the world. The WSJ reported that U.S. Treasury Secretary Steve Mnuchin had a pleasant phone call with Chinese Vice Premier Lu, and the Chinese publication's statement that relations "atmosphere is much better now" between the two countries. Real results, however, are not expected until after the G-20 summit late this month, when President Trump meets world leaders including China's Xi Jinping.
Elsewhere, Home Depot HD clobbered estimates on its Q3 bottom line, reporting $2.51 per share versus the Zacks consensus of $2.27 and the year-ago quarter's $1.84 per share. Revenues of $26.39 billion in the quarter also outperformed the $26.24 billion analysts had expected, as well as the $25.0 billion in the year-ago quarter. Yet guidance looks a tad weak considering these new strong figures, and HD shares, while still in the green since the earnings release, have seen its gains dwindle to around 1.2% at this hour. For more on HD's earnings, click here.
Tyson Foods TSN also easily beat earnings estimates, posting $1.58 per share compared to the $1.33 expected and the $1.43 in the year-ago fiscal Q4. However, revenues came in 1.5% light to $10 billion in the quarter, and beneath the $10.15 billion reported in fiscal Q4 2017. This marks the third revenue miss for the poultry producing major, and shares are down 4.3% at this point in the pre-market. For more on TSN's earnings, click here.
Advance Auto Parts AAP was another earnings topper this morning, reporting $1.89 per share versus the $1.77 expected and $1.43 a year ago. Revenues also beat expectations to $2.3 billion from $2.2 billion in the Zacks consensus, up 4.6% year over year. Shares are doing very well this morning, up 5.6% in today's early trading. For more on AAP's earnings, click here.
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
The Home Depot, Inc. (HD): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Tyson Foods, Inc. (TSN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A negative supply outlook for Apple AAPL yesterday, along with a deceleration in iPhone unit shipments expected, helped the indexes to their leg down, falling by roughly $5 per share. Advance Auto Parts AAP was another earnings topper this morning, reporting $1.89 per share versus the $1.77 expected and $1.43 a year ago. For more on AAP's earnings, click here.
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Advance Auto Parts AAP was another earnings topper this morning, reporting $1.89 per share versus the $1.77 expected and $1.43 a year ago. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The Home Depot, Inc. (HD): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report To read this article on Zacks.com click here. A negative supply outlook for Apple AAPL yesterday, along with a deceleration in iPhone unit shipments expected, helped the indexes to their leg down, falling by roughly $5 per share.
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Advance Auto Parts AAP was another earnings topper this morning, reporting $1.89 per share versus the $1.77 expected and $1.43 a year ago. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The Home Depot, Inc. (HD): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report To read this article on Zacks.com click here. A negative supply outlook for Apple AAPL yesterday, along with a deceleration in iPhone unit shipments expected, helped the indexes to their leg down, falling by roughly $5 per share.
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A negative supply outlook for Apple AAPL yesterday, along with a deceleration in iPhone unit shipments expected, helped the indexes to their leg down, falling by roughly $5 per share. Advance Auto Parts AAP was another earnings topper this morning, reporting $1.89 per share versus the $1.77 expected and $1.43 a year ago. For more on AAP's earnings, click here.
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11283.0
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2018-11-13 00:00:00 UTC
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Indexes Try to Claw Back from Bloody Monday; Plus HD, TSN & More
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AAP
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https://www.nasdaq.com/articles/indexes-try-claw-back-bloody-monday-plus-hd-tsn-more-2018-11-13
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nan
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nan
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Tuesday, November 13, 2018
After a blood-red Monday in the U.S. market indexes - including more than 2% sell-offs on both the Dow and Nasdaq, including a 600-point drop in the Big 30 - we see some green across the board in today's pre-market, albeit relatively slight. A negative supply outlook for Apple AAPL yesterday, along with a deceleration in iPhone unit shipments expected, helped the indexes to their leg down, falling by roughly $5 per share. Apple is down another 1%+ in today's early session.
Additional market concerns - from still-lower oil prices amid a new growing supply glut, potential auto import tariffs of a whopping 25%, and election results in Florida which remain unresolved nearly a week since polling places closed - also tore through market expectations, as November struggles to fight back from the big losses we saw in October - the lowest trading month of calendar 2018. The Dow still trades up for the year, around 550 points overall.
Reports of trade negotiations back on between the U.S. and China this morning, from both the Wall Street Journal (WSJ) and the South China Morning Post , indicate that some of the tensions are easing between the top two economies in the world. The WSJ reported that U.S. Treasury Secretary Steve Mnuchin had a pleasant phone call with Chinese Vice Premier Lu, and the Chinese publication's statement that relations "atmosphere is much better now" between the two countries. Real results, however, are not expected until after the G-20 summit late this month, when President Trump meets world leaders including China's Xi Jinping.
Elsewhere, Home Depot HD clobbered estimates on its Q3 bottom line, reporting $2.51 per share versus the Zacks consensus of $2.27 and the year-ago quarter's $1.84 per share. Revenues of $26.39 billion in the quarter also outperformed the $26.24 billion analysts had expected, as well as the $25.0 billion in the year-ago quarter. Yet guidance looks a tad weak considering these new strong figures, and HD shares, while still in the green since the earnings release, have seen its gains dwindle to around 1.2% at this hour. For more on HD's earnings, click here.
Tyson Foods TSN also easily beat earnings estimates, posting $1.58 per share compared to the $1.33 expected and the $1.43 in the year-ago fiscal Q4. However, revenues came in 1.5% light to $10 billion in the quarter, and beneath the $10.15 billion reported in fiscal Q4 2017. This marks the third revenue miss for the poultry producing major, and shares are down 4.3% at this point in the pre-market. For more on TSN's earnings, click here.
Advance Auto Parts AAP was another earnings topper this morning, reporting $1.89 per share versus the $1.77 expected and $1.43 a year ago. Revenues also beat expectations to $2.3 billion from $2.2 billion in the Zacks consensus, up 4.6% year over year. Shares are doing very well this morning, up 5.6% in today's early trading. For more on AAP's earnings, click here.
Mark Vickery
Senior Editor
Questions or comments about this article and/or its author? Click here>>
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
The Home Depot, Inc. (HD): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Tyson Foods, Inc. (TSN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
A negative supply outlook for Apple AAPL yesterday, along with a deceleration in iPhone unit shipments expected, helped the indexes to their leg down, falling by roughly $5 per share. Advance Auto Parts AAP was another earnings topper this morning, reporting $1.89 per share versus the $1.77 expected and $1.43 a year ago. For more on AAP's earnings, click here.
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Advance Auto Parts AAP was another earnings topper this morning, reporting $1.89 per share versus the $1.77 expected and $1.43 a year ago. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The Home Depot, Inc. (HD): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report To read this article on Zacks.com click here. A negative supply outlook for Apple AAPL yesterday, along with a deceleration in iPhone unit shipments expected, helped the indexes to their leg down, falling by roughly $5 per share.
|
Advance Auto Parts AAP was another earnings topper this morning, reporting $1.89 per share versus the $1.77 expected and $1.43 a year ago. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The Home Depot, Inc. (HD): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report To read this article on Zacks.com click here. A negative supply outlook for Apple AAPL yesterday, along with a deceleration in iPhone unit shipments expected, helped the indexes to their leg down, falling by roughly $5 per share.
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The Home Depot, Inc. (HD): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report To read this article on Zacks.com click here. A negative supply outlook for Apple AAPL yesterday, along with a deceleration in iPhone unit shipments expected, helped the indexes to their leg down, falling by roughly $5 per share. Advance Auto Parts AAP was another earnings topper this morning, reporting $1.89 per share versus the $1.77 expected and $1.43 a year ago.
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11284.0
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2018-11-13 00:00:00 UTC
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Stock Futures Propped Up By Reports of Renewed US-China Trade Talks
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AAP
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https://www.nasdaq.com/articles/stock-futures-propped-reports-renewed-us-china-trade-talks-2018-11-13
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nan
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nan
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Following a relief rally early Tuesday morning on encouraging US-China trade news, stock futures were drifting lower with the Dow cutting its pre-market gain in half before the open. Reports from the South China Morning Post that Vice Premier Liu He would meet with Treasury Secretary Steven Mnuchin this month helped bourses across Europe and the US regain traction following Monday's meltdown.
The hard-hit Nasdaq is outperforming with semiconductors taking the lead. And while there are pockets of weakness among the eleven S&P 500 sectors -- namely oil and utilities -- most sectors are poised for a modestly positive open.
Monday's US feeding frenzy spilled into Asian markets overnight until news of renewed trade negotiations pulled China's Shanghai and Hong Kong's Hang Seng back into the green. Europe continued the momentum where even Italy's FTSE MIB traded modestly higher despite Tuesday's deadline for Rome to resubmit their budget to the European Commission. As of yet, no changes were made, specifically to the debt-to-gross domestic product ( GDP ) targets, setting Italy up for a showdown with the EC.
Market participants also shrugged off another decline in oil futures as supply pressures from the US and President Donald Trump's criticism of Saudi Arabia's planned output cut drove West Texas Intermediate prices down for a record twelve consecutive days. WTI crude futures fell below $60 per barrel for the first time since February.
In corporate news, Amazon ( AMZN ) is expected to announce the location of its second headquarters with odds favoring two locations -- Crystal City, Va. and Long Island City, NY.
On the earnings front, Home Depot ( HD ) beat Q3 expectations and raised FY guidance, driving shares up in premarket trade. Advanced Auto Parts ( AAP ) was expected to open at its highest level in nearly two years after reporting better-than-expected Q3 results and lifting FY sales guidance above street view. Tyson Foods ( TSN ), however, is expected to open as much as 3% lower after missing Q3 revenue expectation and setting FY19 revenue shy of estimates.
-Dow Jones Industrial up 0.12%
-S&P 500 futures up 0.30%
-Nasdaq 100 futures up 0.38%
SENTIMENT
Nikkei down 2.06%
Hang Seng up 0.62%
Shanghai Composite up 0.93%
FTSE-100 down 0.10%
DAX-30 up 0.45%
PRE-MARKET SECTOR WATCH
(+) Large cap tech: Higher
(+) Chip stocks: Higher
(+) Software stocks: Higher
(+) Hardware stocks: Higher
(+) Internet stocks: Higher
(-) Oil stocks: Lower
(+/-) Biotech stocks: Flat
(+) Drug stocks: Higher
(+) Financial stocks: Higher
(+) Retail stocks: Higher
(+) Industrial stocks: Higher
(+) Airlines: Higher
(+) Autos: Higher
UPSIDE MOVERS:
(+) ATXI (+31.93%) InvaGen announced plans to acquire a 33% stake
(+) GLBS (+31.46%) Returns to a profit, revenue increases from Q3 last yearPosted a profit for Q3
(+) VKTX (+15.52%) Phase 2 study on NAFLD met endpoints
DOWNSIDE MOVERS:
(-) EVER (-16.46%) Q3 loss widens, revenue grows
(-) EB (-7.23%) Reported a wider loss while sales increased
(-) CRON (-3.55%) Reported disappointing Q3 results
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advanced Auto Parts ( AAP ) was expected to open at its highest level in nearly two years after reporting better-than-expected Q3 results and lifting FY sales guidance above street view. Reports from the South China Morning Post that Vice Premier Liu He would meet with Treasury Secretary Steven Mnuchin this month helped bourses across Europe and the US regain traction following Monday's meltdown. Monday's US feeding frenzy spilled into Asian markets overnight until news of renewed trade negotiations pulled China's Shanghai and Hong Kong's Hang Seng back into the green.
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Advanced Auto Parts ( AAP ) was expected to open at its highest level in nearly two years after reporting better-than-expected Q3 results and lifting FY sales guidance above street view. Following a relief rally early Tuesday morning on encouraging US-China trade news, stock futures were drifting lower with the Dow cutting its pre-market gain in half before the open. (+) Large cap tech: Higher (+) Chip stocks: Higher (+) Software stocks: Higher (+) Hardware stocks: Higher (+) Internet stocks: Higher (-) Oil stocks: Lower (+/-) Biotech stocks: Flat (+) Drug stocks: Higher (+) Financial stocks: Higher (+) Retail stocks: Higher (+) Industrial stocks: Higher (+) Airlines: Higher (+) Autos: Higher
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Advanced Auto Parts ( AAP ) was expected to open at its highest level in nearly two years after reporting better-than-expected Q3 results and lifting FY sales guidance above street view. Following a relief rally early Tuesday morning on encouraging US-China trade news, stock futures were drifting lower with the Dow cutting its pre-market gain in half before the open. (+) Large cap tech: Higher (+) Chip stocks: Higher (+) Software stocks: Higher (+) Hardware stocks: Higher (+) Internet stocks: Higher (-) Oil stocks: Lower (+/-) Biotech stocks: Flat (+) Drug stocks: Higher (+) Financial stocks: Higher (+) Retail stocks: Higher (+) Industrial stocks: Higher (+) Airlines: Higher (+) Autos: Higher
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Advanced Auto Parts ( AAP ) was expected to open at its highest level in nearly two years after reporting better-than-expected Q3 results and lifting FY sales guidance above street view. -Dow Jones Industrial up 0.12% -S&P 500 futures up 0.30% -Nasdaq 100 futures up 0.38% (+) Large cap tech: Higher (+) Chip stocks: Higher (+) Software stocks: Higher (+) Hardware stocks: Higher (+) Internet stocks: Higher (-) Oil stocks: Lower (+/-) Biotech stocks: Flat (+) Drug stocks: Higher (+) Financial stocks: Higher (+) Retail stocks: Higher (+) Industrial stocks: Higher (+) Airlines: Higher (+) Autos: Higher
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11285.0
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2018-11-13 00:00:00 UTC
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Consumer Sector Update for 11/13/2018: AAP, HD, TSN, WMT, MCD, DIS, CVS, KO
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AAP
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https://www.nasdaq.com/articles/consumer-sector-update-11132018-aap-hd-tsn-wmt-mcd-dis-cvs-ko-2018-11-13
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nan
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nan
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Top Consumer Stocks:
WMT: -0.26%
MCD: +0.24%
DIS: +0.23%
CVS: Flat
KO: -0.14%
Consumer stocks were mixed in Tuesday's pre-bell trading.
Stocks moving on news include:
(+) Advance Auto Parts ( AAP ), which was rallying more than 5% after reporting fiscal Q3 adjusted earnings of $1.89 per share, up from $1.43 per share in the prior-year period and higher than the $1.76 per share Street estimate provided by Capital IQ.
(-) Tyson Foods ( TSN ) was down by more than 4% after the company reported financial results for fiscal Q4, with better-than-expected earnings but revenue that fell short of analysts' estimates. Tyson also provided mixed guidance for fiscal 2019.
In other sector news:
(+) Home Depot ( HD ) was over 1% higher as the home improvement retailer posted fiscal Q3 earnings of $2.51 per share, up from $1.84 per share in the comparable period a year ago, which topped the $2.27 average estimate of analysts polled by Capital IQ.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks moving on news include: (+) Advance Auto Parts ( AAP ), which was rallying more than 5% after reporting fiscal Q3 adjusted earnings of $1.89 per share, up from $1.43 per share in the prior-year period and higher than the $1.76 per share Street estimate provided by Capital IQ. Consumer stocks were mixed in Tuesday's pre-bell trading. (-) Tyson Foods ( TSN ) was down by more than 4% after the company reported financial results for fiscal Q4, with better-than-expected earnings but revenue that fell short of analysts' estimates.
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Stocks moving on news include: (+) Advance Auto Parts ( AAP ), which was rallying more than 5% after reporting fiscal Q3 adjusted earnings of $1.89 per share, up from $1.43 per share in the prior-year period and higher than the $1.76 per share Street estimate provided by Capital IQ. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks moving on news include: (+) Advance Auto Parts ( AAP ), which was rallying more than 5% after reporting fiscal Q3 adjusted earnings of $1.89 per share, up from $1.43 per share in the prior-year period and higher than the $1.76 per share Street estimate provided by Capital IQ. In other sector news: (+) Home Depot ( HD ) was over 1% higher as the home improvement retailer posted fiscal Q3 earnings of $2.51 per share, up from $1.84 per share in the comparable period a year ago, which topped the $2.27 average estimate of analysts polled by Capital IQ. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks moving on news include: (+) Advance Auto Parts ( AAP ), which was rallying more than 5% after reporting fiscal Q3 adjusted earnings of $1.89 per share, up from $1.43 per share in the prior-year period and higher than the $1.76 per share Street estimate provided by Capital IQ. Top Consumer Stocks: Tyson also provided mixed guidance for fiscal 2019.
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11286.0
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2018-11-13 00:00:00 UTC
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Consumer Sector Update for 11/13/2018: HD,AAP,TSN
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AAP
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https://www.nasdaq.com/articles/consumer-sector-update-11132018-hdaaptsn-2018-11-13
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nan
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nan
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Top Consumer Stocks
WMT -1.16%
MCD -0.35%
DIS -0.21%
CVS -0.14%
KO -0.38%
Consumer stocks were mixed, with shares of consumer staples companies in the S&P 500 sinking more than 0.4% this afternoon while shares of consumer discretionary firms in the S&P 500 were up less than 0.1%.
Among consumer stocks moving on news:
(+) Home Depot ( HD ) was slightly higher, recovering from an earlier 4% loss, after the home improvement retailer reported better-than-expected fiscal Q3 financial results and the company raised its full-year earnings forecast above analyst estimates.
In other sector news:
(+) Advance Auto Parts ( AAP ) was surging this afternoon, rising almost 9%, after reporting non-GAAP Q3 net income of of $1.89 per share, exceeding the Capital IQ consensus by $0.13 per share. Net sales rose 4.3% year over year to $2.3 billion, also topping the $2.23 billion Street view.
(-) Tyson Foods ( TSN ) was down 5% on Tuesday after the poultry company reported better-than-expected Q4 earnings but revenue that fell short of analysts' estimates.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news: (+) Advance Auto Parts ( AAP ) was surging this afternoon, rising almost 9%, after reporting non-GAAP Q3 net income of of $1.89 per share, exceeding the Capital IQ consensus by $0.13 per share. Among consumer stocks moving on news: (+) Home Depot ( HD ) was slightly higher, recovering from an earlier 4% loss, after the home improvement retailer reported better-than-expected fiscal Q3 financial results and the company raised its full-year earnings forecast above analyst estimates. (-) Tyson Foods ( TSN ) was down 5% on Tuesday after the poultry company reported better-than-expected Q4 earnings but revenue that fell short of analysts' estimates.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In other sector news: (+) Advance Auto Parts ( AAP ) was surging this afternoon, rising almost 9%, after reporting non-GAAP Q3 net income of of $1.89 per share, exceeding the Capital IQ consensus by $0.13 per share. (-) Tyson Foods ( TSN ) was down 5% on Tuesday after the poultry company reported better-than-expected Q4 earnings but revenue that fell short of analysts' estimates.
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In other sector news: (+) Advance Auto Parts ( AAP ) was surging this afternoon, rising almost 9%, after reporting non-GAAP Q3 net income of of $1.89 per share, exceeding the Capital IQ consensus by $0.13 per share. Consumer stocks were mixed, with shares of consumer staples companies in the S&P 500 sinking more than 0.4% this afternoon while shares of consumer discretionary firms in the S&P 500 were up less than 0.1%. Among consumer stocks moving on news: (+) Home Depot ( HD ) was slightly higher, recovering from an earlier 4% loss, after the home improvement retailer reported better-than-expected fiscal Q3 financial results and the company raised its full-year earnings forecast above analyst estimates.
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In other sector news: (+) Advance Auto Parts ( AAP ) was surging this afternoon, rising almost 9%, after reporting non-GAAP Q3 net income of of $1.89 per share, exceeding the Capital IQ consensus by $0.13 per share. Top Consumer Stocks Consumer stocks were mixed, with shares of consumer staples companies in the S&P 500 sinking more than 0.4% this afternoon while shares of consumer discretionary firms in the S&P 500 were up less than 0.1%.
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11287.0
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2018-11-13 00:00:00 UTC
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Advance Auto Parts (AAP) Beats on Q3 Earnings & Revenues
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-beats-on-q3-earnings-revenues-2018-11-13
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Advance Auto Parts, Inc.AAP reported adjusted earnings of $1.89 per share in third-quarter 2018 (ended Oct 6, 2018), up from $1.43 in the prior-year quarter. The figure surpassed the Zacks Consensus Estimate of $1.77. Adjusted operating income increased 12.5% year over year to $193.7 million.
Advance Auto Parts reported net revenues of $2.3 billion, beating the Zacks Consensus Estimate of $2.23 billion. Revenues were 4.3% higher than the year-ago quarter. During the quarter under review, comparable store sales were 4.6% higher year over year. This marks strongest comparable sales growth in eight years for the company.
Gross profit was $1.01 billion in the reported quarter, higher than the prior-year quarter figure of $947.7 million. Gross Profit margin increased 90 basis points year over year to 44.3%.
Adjusted selling, general and administrative (SG&A) expenses totaled $813.8 million compared with $775.5 million in the year-ago period.
Advance Auto Parts, Inc. Price, Consensus and EPS Surprise
Advance Auto Parts, Inc. Price, Consensus and EPS Surprise | Advance Auto Parts, Inc. Quote
Financial Position
Advance Auto Parts had cash and cash equivalents of $970 million as of Oct 6, 2018, up from $363.3 million as of Oct 7, 2017. The total long-term debt was $1.05 billion as of Oct 6, 2018, higher than $1.04 billion as of Dec 30, 2017.
In third-quarter 2018, operating cash flow was $681.5 million compared with $401 million in the same period of 2017.
Dividend & Share Repurchase
On Nov 7, 2018, Advance Auto Parts' board approved a cash dividend of 6 cents per share to be paid on Jan 4, 2019, for shareholders of record as of Dec 21, 2018.
On Aug 8, 2018, the board of directors authorized a $600-million share repurchase program, replacing the existing $500-million share repurchase program. In the third quarter, the company bought back 720 thousand shares for $119.9 million. At the end of third-quarter 2018, Advance Auto Parts had $480.1 million remaining under the share repurchase program.
Store Update
As of Oct 6, 2018, Advance Auto Parts operated 4,981 stores and 139 Worldpac branches, and served approximately 1,229 independently-owned Carquest stores.
Zacks Rank & Other Stocks to Consider
Advance Auto Parts currently carries a Zacks Rank #2 (Buy). A few other top-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Fox Factory Holding Corp. FOXF and AutoZone, Inc. AZO . While Allison Transmission and Fox Factory sport a Zacks Rank #1 (Strong Buy), AutoZone carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Allison Transmission has an expected long-term growth rate of 10%. Over the past six months, shares of the company have surged 10%.
Fox Factory has an expected long-term growth rate of 17.2%. Over the past six months, shares of the company have risen 84.6%.
AutoZone has an expected long-term growth rate of 12.2%. Over the past six months, shares of the company have risen 19%.
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Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc.AAP reported adjusted earnings of $1.89 per share in third-quarter 2018 (ended Oct 6, 2018), up from $1.43 in the prior-year quarter. Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. In third-quarter 2018, operating cash flow was $681.5 million compared with $401 million in the same period of 2017. Dividend & Share Repurchase On Nov 7, 2018, Advance Auto Parts' board approved a cash dividend of 6 cents per share to be paid on Jan 4, 2019, for shareholders of record as of Dec 21, 2018.
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Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc.AAP reported adjusted earnings of $1.89 per share in third-quarter 2018 (ended Oct 6, 2018), up from $1.43 in the prior-year quarter. Advance Auto Parts, Inc. Price, Consensus and EPS Surprise Advance Auto Parts, Inc. Price, Consensus and EPS Surprise | Advance Auto Parts, Inc. Quote Financial Position Advance Auto Parts had cash and cash equivalents of $970 million as of Oct 6, 2018, up from $363.3 million as of Oct 7, 2017.
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Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc.AAP reported adjusted earnings of $1.89 per share in third-quarter 2018 (ended Oct 6, 2018), up from $1.43 in the prior-year quarter. Advance Auto Parts, Inc. Price, Consensus and EPS Surprise Advance Auto Parts, Inc. Price, Consensus and EPS Surprise | Advance Auto Parts, Inc. Quote Financial Position Advance Auto Parts had cash and cash equivalents of $970 million as of Oct 6, 2018, up from $363.3 million as of Oct 7, 2017.
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Advance Auto Parts, Inc.AAP reported adjusted earnings of $1.89 per share in third-quarter 2018 (ended Oct 6, 2018), up from $1.43 in the prior-year quarter. Click to get this free report Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts reported net revenues of $2.3 billion, beating the Zacks Consensus Estimate of $2.23 billion.
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11288.0
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2018-11-13 00:00:00 UTC
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Consumer Sector Update for 11/13/2018: ADNT,AAP,HD,TSN
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https://www.nasdaq.com/articles/consumer-sector-update-11132018-adntaaphdtsn-2018-11-13
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Top Consumer Stocks
WMT -1.02%
MCD -0.36%
DIS -0.32%
CVS +0.05%
KO -0.26%
Consumer stocks have turned lower in late Tuesday trading, with shares of consumer staples companies in the S&P 500 sinking more than 0.5% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling almost 0.3%, giving back a similarly sized gain.
Among consumer stocks moving on news:
(+) Adient ( ADNT ) rallied Tuesday, with shares rising over 14% at one point this afternoon despite a credit downgrade late Monday of the auto-parts manufacturer further into junk territory by analysts at S&P Global Ratings. Citing persistent operational inefficiencies, the S&P analysts lowered Adient's credit rating to BB- - or three notches below investment grade - with a negative outlook and also lowered its secured debt rating. A negative outlook means that the ratings might be downgraded in the future.
In other sector news:
(+) Advance Auto Parts ( AAP ) was surging this afternoon, rising almost 9%, after reporting non-GAAP Q3 net income of of $1.89 per share, rising from $1.43 per share during the prior-year period and exceeding the Capital IQ consensus by $0.13 per share. Net sales rose 4.3% year over year to $2.3 billion, also topping the $2.23 billion Street view.
(-) Home Depot ( HD ) has turned lower this afternoon, dropping almost 4% at one point in recent Tuesday trading and erasing a small early gain for the home improvement retailer after recording better-than-expected Q3 financial results and the company raising its FY18 earnings forecast above analyst estimates. Home Depot earned $2.51 per share during the three months ended Oct. 29 on $26.3 billion in total revenue, topping the Capital IQ consensus by $0.24 per share and $70 million, respectively. It raised its FY18 EPS outlook by $0.33 to $9.75 per share, also beating the Street view by $0.19 per share.
(-) Tyson Foods ( TSN ) was down over 6% on Tuesday after the poultry company reported better-than-expected Q4 earnings but revenue that fell short of analysts' estimates. Tyson also provided mixed FY18 guidance.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news: (+) Advance Auto Parts ( AAP ) was surging this afternoon, rising almost 9%, after reporting non-GAAP Q3 net income of of $1.89 per share, rising from $1.43 per share during the prior-year period and exceeding the Capital IQ consensus by $0.13 per share. Among consumer stocks moving on news: (+) Adient ( ADNT ) rallied Tuesday, with shares rising over 14% at one point this afternoon despite a credit downgrade late Monday of the auto-parts manufacturer further into junk territory by analysts at S&P Global Ratings. (-) Home Depot ( HD ) has turned lower this afternoon, dropping almost 4% at one point in recent Tuesday trading and erasing a small early gain for the home improvement retailer after recording better-than-expected Q3 financial results and the company raising its FY18 earnings forecast above analyst estimates.
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In other sector news: (+) Advance Auto Parts ( AAP ) was surging this afternoon, rising almost 9%, after reporting non-GAAP Q3 net income of of $1.89 per share, rising from $1.43 per share during the prior-year period and exceeding the Capital IQ consensus by $0.13 per share. Consumer stocks have turned lower in late Tuesday trading, with shares of consumer staples companies in the S&P 500 sinking more than 0.5% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling almost 0.3%, giving back a similarly sized gain. Among consumer stocks moving on news: (+) Adient ( ADNT ) rallied Tuesday, with shares rising over 14% at one point this afternoon despite a credit downgrade late Monday of the auto-parts manufacturer further into junk territory by analysts at S&P Global Ratings.
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In other sector news: (+) Advance Auto Parts ( AAP ) was surging this afternoon, rising almost 9%, after reporting non-GAAP Q3 net income of of $1.89 per share, rising from $1.43 per share during the prior-year period and exceeding the Capital IQ consensus by $0.13 per share. Consumer stocks have turned lower in late Tuesday trading, with shares of consumer staples companies in the S&P 500 sinking more than 0.5% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling almost 0.3%, giving back a similarly sized gain. Among consumer stocks moving on news: (+) Adient ( ADNT ) rallied Tuesday, with shares rising over 14% at one point this afternoon despite a credit downgrade late Monday of the auto-parts manufacturer further into junk territory by analysts at S&P Global Ratings.
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In other sector news: (+) Advance Auto Parts ( AAP ) was surging this afternoon, rising almost 9%, after reporting non-GAAP Q3 net income of of $1.89 per share, rising from $1.43 per share during the prior-year period and exceeding the Capital IQ consensus by $0.13 per share. Among consumer stocks moving on news: (+) Adient ( ADNT ) rallied Tuesday, with shares rising over 14% at one point this afternoon despite a credit downgrade late Monday of the auto-parts manufacturer further into junk territory by analysts at S&P Global Ratings. Home Depot earned $2.51 per share during the three months ended Oct. 29 on $26.3 billion in total revenue, topping the Capital IQ consensus by $0.24 per share and $70 million, respectively.
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11289.0
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2018-11-13 00:00:00 UTC
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Advance Auto Parts' Turnaround Efforts Gain More Traction During Q3, Sending Shares 8% Higher Today
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https://www.nasdaq.com/articles/advance-auto-parts-turnaround-efforts-gain-more-traction-during-q3-sending-shares-8-higher
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What happened?
Shares of Advance Auto Parts (NYSE: AAP) , a leading automotive aftermarket-parts provider for professional and do-it-yourself customers, are up 8% as of 11:00 a.m. EST Tuesday after the company released better-than-expected third-quarter results.
So what
Sales increased 4.3%, to $2.3 billion, during the third quarter, topping analyst estimates calling for $2.2 billion. Advance Auto Parts' (AAP's) top-line growth was driven by a 4.6% increase in same-store sales, much stronger than analyst estimates of 2.5% same-store sales growth. Adjusted earnings per share jumped 32.2% higher, to $1.89 per share, beating analyst estimates calling for $1.76 per share.
In a press release, Tom Greco, President and Chief Executive Officer said: "I am extremely pleased to report another quarter of improved top and bottom line growth in the third quarter. Through the dedication of our Team Members and our unrelenting focus on enhancing our Customer Value Proposition, we delivered our strongest comparable sales growth in nearly eight years.
Now what
AAP data by YCharts.
Although AAP only has moved 9% higher over the past three years, the third quarter puts the finishing touches on a 122% gain over the past 12 months. Management also has made progress on other metrics, with third-quarter free cash flow up 140% and adjusted gross margin improving 86 basis points, to 44.3% of net sales.
In fact, the strong third quarter gave management enough confidence to raise full-year guidance: It now expects sales to check in between $9.55 billion to $9.6 billion, up from the prior range of $9.3 billion to $9.5 billion, and for same-store sales to rise 2% to 2.5% compared to the prior guidance range of flat to 1.5% gain.
After a sluggish 2017 , management's turnaround efforts appear to be taking hold, as the company's margins and same-store sales continue to improve. Although there's still work to be done, the company is on the right track.
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Daniel Miller has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Advance Auto Parts (NYSE: AAP) , a leading automotive aftermarket-parts provider for professional and do-it-yourself customers, are up 8% as of 11:00 a.m. EST Tuesday after the company released better-than-expected third-quarter results. Advance Auto Parts' (AAP's) top-line growth was driven by a 4.6% increase in same-store sales, much stronger than analyst estimates of 2.5% same-store sales growth. Now what AAP data by YCharts.
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Advance Auto Parts' (AAP's) top-line growth was driven by a 4.6% increase in same-store sales, much stronger than analyst estimates of 2.5% same-store sales growth. Shares of Advance Auto Parts (NYSE: AAP) , a leading automotive aftermarket-parts provider for professional and do-it-yourself customers, are up 8% as of 11:00 a.m. EST Tuesday after the company released better-than-expected third-quarter results. Now what AAP data by YCharts.
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Advance Auto Parts' (AAP's) top-line growth was driven by a 4.6% increase in same-store sales, much stronger than analyst estimates of 2.5% same-store sales growth. Shares of Advance Auto Parts (NYSE: AAP) , a leading automotive aftermarket-parts provider for professional and do-it-yourself customers, are up 8% as of 11:00 a.m. EST Tuesday after the company released better-than-expected third-quarter results. Now what AAP data by YCharts.
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Advance Auto Parts' (AAP's) top-line growth was driven by a 4.6% increase in same-store sales, much stronger than analyst estimates of 2.5% same-store sales growth. Shares of Advance Auto Parts (NYSE: AAP) , a leading automotive aftermarket-parts provider for professional and do-it-yourself customers, are up 8% as of 11:00 a.m. EST Tuesday after the company released better-than-expected third-quarter results. Now what AAP data by YCharts.
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11290.0
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2018-11-13 00:00:00 UTC
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Advance Auto Parts Stock Shoots Higher on Q3 Earnings Beat
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-stock-shoots-higher-q3-earnings-beat-2018-11-13
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Advance Auto Parts stock was on the rise Tuesday following the release of its earnings report for the third quarter of 2018.
Source: Shutterstock
Advance Auto Parts (NYSE: AAP ) reported earnings per share of $1.89 for the third quarter of the year. This is an increase over the company's earnings per share of $1.43 from the same time last year. It was also a boon to Advance Auto Parts stock by beating out Wall Street's earnings per share estimate of $1.75 for the period.
Net income reported by Advance Auto Parts for the third quarter of 2018 came in at $115.84 million. The automotive parts retailer's net income from the third quarter of 2017 was $96.00 million.
During the third quarter of the year, Advance Auto Parts reported operating income of $154.24 million. This is down from the company's operating income of $156.57 million from the same period of the year prior.
Advance Auto Parts also reported revenue of $2.27 billion for the third quarter of 2018. This is better than the company's revenue of $2.18 billion reported in the third quarter of the previous year. It was also good news for Advance Auto Parts stock by coming in above analysts' revenue estimate of $2.23 billion for the quarter.
The 9 Best Stocks to Buy on the Dip (2018 edition)
Advance Auto Parts' most recent earnings report also includes an update to its outlook for 2018. The company is now expecting revenue for the year to range from $9.55 billion to $9.60 billion. Its previous revenue guidance was between $9.30 billion and $9.50 billion. This is good news for Advance Auto Parts stock as Wall Street is looking for revenue of $9.49 billion for the year.
AAP stock was up 8% as of Tuesday morning and is up 57% year-to-date.
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As of this writing, William White did not hold a position in any of the aforementioned securities.
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The post Advance Auto Parts Stock Shoots Higher on Q3 Earnings Beat appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Source: Shutterstock Advance Auto Parts (NYSE: AAP ) reported earnings per share of $1.89 for the third quarter of the year. AAP stock was up 8% as of Tuesday morning and is up 57% year-to-date. It was also a boon to Advance Auto Parts stock by beating out Wall Street's earnings per share estimate of $1.75 for the period.
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Source: Shutterstock Advance Auto Parts (NYSE: AAP ) reported earnings per share of $1.89 for the third quarter of the year. AAP stock was up 8% as of Tuesday morning and is up 57% year-to-date. It was also a boon to Advance Auto Parts stock by beating out Wall Street's earnings per share estimate of $1.75 for the period.
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Source: Shutterstock Advance Auto Parts (NYSE: AAP ) reported earnings per share of $1.89 for the third quarter of the year. AAP stock was up 8% as of Tuesday morning and is up 57% year-to-date. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advance Auto Parts stock was on the rise Tuesday following the release of its earnings report for the third quarter of 2018.
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Source: Shutterstock Advance Auto Parts (NYSE: AAP ) reported earnings per share of $1.89 for the third quarter of the year. AAP stock was up 8% as of Tuesday morning and is up 57% year-to-date. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advance Auto Parts stock was on the rise Tuesday following the release of its earnings report for the third quarter of 2018.
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11291.0
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2018-11-13 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Q3 2018 Earnings Conference Call Transcript
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-q3-2018-earnings-conference-call-transcript-2018-11-13
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Advance Auto Parts Inc (NYSE: AAP)
Q3 2018 Earnings Conference Call
Nov. 13, 2018 , 8:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Welcome to the Advance Auto Parts' Third Quarter 2018 Conference Call. Before we begin, Elisabeth Eisleben, Vice President, Investor Relations will make a brief statement concerning forward-looking statements that will be discussed on this call.
Elisabeth Eisleben -- Vice President, Investor Relations
Good morning and thank you for joining us to discuss our third quarter 2018 results. I'm joined by Tom Greco, our President and Chief Executive Officer; Jeff Shepherd, our Executive Vice President, Chief Financial Officer, Controller, and Chief Accounting Officer; Bob Cushing, our Executive Vice President, Professional; and Mike Broderick, our Executive Vice President, Merchandising and Store Operations Support. Following their prepared remarks, we will turn our attention to answering your questions.
Before we begin, please be advised that our comments today may include forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. While actual results may differ materially from those projected in such statements due to a number of risks and uncertainties, which are described in the risk factors section in the Company's filings with the Securities and Exchange Commission, we maintain no duty to update forward-looking statements made.
Additionally, our comments today include certain non-GAAP financial measures. We believe providing these measures helps investors gain a more complete understanding of our results and is consistent with how management views our financial results.
Please refer to our quarterly press release and accompanying financial statements issued today for additional details regarding the forward-looking statements and reconciliations of these non-GAAP financial measures to the most comparable GAAP measures referenced in today's call. The content of this call will be governed by the information contained in our earnings release and related financial statements.
Now, let me turn the call over to Tom Greco.
Thomas R. Greco -- President and Chief Executive Officer
Thanks, Elizabeth, and good morning. First, I'd like to thank the entire Advance team and our network of Carquest Independent for a strong quarter, characterized by progress on virtually every financial and marketplace metric. It's because of their dedication and unrelenting focus on the customer that we were able to deliver our strongest comparable sales growth in nearly eight years, which in turn led to improved market share performance. It's clear that our transformation actions are beginning to take hold, driving meaningful improvements in execution, enabling us to earn more business with our valued customers.
In the third quarter, net sales increased by 4.3% to $2.3 billion and comp sales were up 4.6%. Our adjusted operating income margin of 8.5% increased 62 basis points compared to the prior year quarter and our adjusted earnings per share increased 32.2% to $1.89.
Year-to-date, our free cash flow was $576 million, an increase of $336 million year-over-year, as we continue to drive disciplined cash management practices throughout the organization. Our sales performance in the quarter is a testament to the hard work of our entire team, truly living our cultural belief and executing on our mission, Passion for Customers, Passion for Yes!
Not only did we deliver the strongest comparable sales growth since 2010, our absolute growth in the quarter was above the industry average, driven by increased units per transaction and average ticket value.
Importantly, we strengthened our customer value proposition and delivered balanced, consistent growth throughout Q3 in both our DIY omni-channel and professional businesses.
From a geographic perspective, we saw improvement across all 12 regions. Our Southeast, Midwest, Appalachia, Northeast, and Mid-Atlantic regions led the way. From a category perspective, we saw increased sales across nearly every category with the strongest growth in brakes, batteries, and optics, where we delivered high single-digit growth.
Without a doubt, we're seeing better coordination and planning across our merchandising, marketing and field operations teams, which is also contributing to our momentum. Finally, we're leveraging supplier partnerships and improved analytical capabilities to ensure we have the right inventory, in the right locations, at the right time. This is a work-in-progress and we still have significant opportunity, but we believe that the improvements made so far are helping our improved execution.
Going a little deeper in Professional, we saw improved performance across every AAP banner in the US, including Advance, Worldpac, Autopart International and importantly both Carquest Corporate and Independent stores. Our customers want choices, and thanks to cross banner visibility, we're doing a much better job of leveraging AAP's industry leading assortment of brands to ensure our pro customers have the options they desire to meet the needs of their customers.
Through continued focus on our customer value proposition and direct feedback from our professional customers, we recently launched MyAdvance.com. This is an interactive, easy to use, mobile friendly platform where we've combined multiple online tools and capabilities into one place, including our Advance Pro online ordering platform.
On MyAdvance.com, professional customers can access industry-leading cross banner assortment as well as best-in-class shop services and solutions such as an expert corner featuring content rich training and shop business solution advice from automotive aftermarket industry leaders. These initiatives are driving incremental growth for our Professional business.
We're equally excited about the growth within our DIY omni-channel business. In Q3, we saw increases in both DIY retail and DIY online, marking the second consecutive quarter with sales growth in both. We launched our new advertising campaign, Think Ahead. Think Advance, and it's off to a great start. We continue to invest in e-commerce, where enhancements we made to our website improved the customer experience, including reduced page load times and additional personalization modules.
In addition, well today, the majority of our online orders are, buy online pickup in store, we've made progress on our ship to home capabilities. Overall, our investments drove strong double-digit revenue growth in Q3. While we are pleased that our improving execution is driving topline strength, we remain focused on controlling expenses across the organization. I was delighted with our store team's ability to, once again, leverage additional customer service hours through increased sales in the third quarter.
In addition, we're seeing a noticeable shift in culture as safety has become a critical focus throughout Advance. Importantly, our progress on safety initiatives enabled a reduction in liability and vehicle claims in the quarter and we expect to see further benefits as a result of our safety initiatives. Our investment in this critical area has paid off quickly and I'm confident we're developing a true safety culture with heightened attention on team member safety throughout Advance.
Unfortunately, we did have team members and customers affected by the recent hurricanes. Our thoughts are with them as they work toward cleaning up after the damage. I'm personally thankful for our entire organization and their willingness to step up financially, while giving their time to help their fellow team members and communities. We remain committed to standing ready and working together as one team, leading by example and showing the true spirit of Advance.
As you'll hear from Jeff on our financial performance and updated expectations for the balance of the year, we're confident in our ability to maintain momentum into Q4. We remain laser focused on cost control to offset expense headwinds. As discussed last quarter, higher bonus for our team will impact our Q4 SG&A versus prior year, and obviously, we're performing much better than last year.
In line with our long-term strategic objectives in building a best-in-class omni-channel experience for our customers, last month we announced an exciting partnership with Walmart. With up to 100 million unique visitors to Walmart.com every month, this partnership will enable us to reach a much broader group of DIY customers and help drive market share growth. We're thrilled to begin the rollout of this partnership in the first half of 2019, when we'll be able to offer our extensive product offering and trusted advice with an increased number of DIY customers.
We also made progress on our end-to-end supply chain efforts in Q3. I'm pleased with our team's execution throughout the year and we're on track for closing our Gallman and San Antonio distribution centers by year-end. In addition, we announced the closure of a third DC in Columbia, South Carolina, which we expect to close in the first half of 2019.
Consistent with our supply chain efforts, we remain focused on our store footprint optimization, and year-to-date, we've closed and consolidated 81 stores. We're approaching store closings very differently this year, and as a result, we're seeing significant improvements in key employee and business retention.
In addition to the notable improvements I discussed earlier related to safety within Advance, I'm also pleased with the positive improvements we're seeing in our focused HR initiatives. We've meaningfully reduced turnover in the past two years and a recent review of our 2018 health results continue to highlight positive trends versus prior years. We remain committed to the growth and development of our team while providing competitive compensation packages and best-in-class training to ensure we're able to recruit and retain the best talent at Advance.
Finally, while we'll provide 2019 guidance when we report Q4 results, we are nearing the completion of our annual operating plan and longer-term strategic business plan update, and remain encouraged by the macro indicators we see for 2019. Notably, after three consecutive years of declines, the number of vehicles greater than seven years old is expected to grow in 2019 for the first time since 2015.
This group of vehicles is one of the largest demand drivers in our industry, and we're confident this will enable continued industry momentum. In fact, forecast for the next five years show growth in the number of vehicles seven years and older and we expect this vehicle population will be roughly 10% higher in 2023 than it is today.
Back to 2019, with GDP growth forecasted to be up 2.8% and total miles driven expected to be up 1.8% based on the Federal Highway Administration's 2019 outlook, we're excited about continued growth potential in the automotive aftermarket in 2019. Importantly, we're also confident in our ability to improve market share performance. We look forward to sharing our 2019 performance expectations with you in February.
With that, I'll turn it over to Jeff for details on our financial performance and outlook for the remainder of the year.
Jeffrey W. Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Thanks, Tom, and good morning everyone. I'm pleased to report further improvement in the execution across Advance which enabled our success in the third quarter, while building on our capabilities to ensure future success.
In the third quarter, our adjusted gross profit was $1 billion, an increase of 6.3% from the prior year quarter. On a rate basis, our adjusted gross profit margin of 44.3% improved by 86 basis points from the prior year quarter. Drivers of this improvement include product mix in addition to benefits from our inventory efforts over the past several quarters.
Historically, we looked at inventory at a localized level, which led to purchasing inventory in certain parts of our network despite having that inventory elsewhere in the network. This year we've been far more disciplined in our approach to sourcing and utilizing on-hand inventory. In addition, we saw margin benefits from continued material cost optimization efforts, which positively impacted gross margins in Q3.
Consistent with prior quarters, these cost benefits were partially offset by both planned and unplanned supply chain expenses, which reduced our gross margin by 39 basis points. As expected, the two new distribution centers that opened last year raised our cost base in the quarter versus prior year and negatively impacted our margin. Additionally, we continue to see transportation and fuel cost inflation higher than the third quarter of 2017 and what was originally forecasted.
In terms of tariffs, we've seen minimal impact related to the first two rounds that have gone into effect. Importantly, through successful actions, we've been able to pass cost increases through price. We remain diligent in our effort working with our supplier partners to mitigate cost increases where possible. We're confident that in line with historical pricing trends, our industry will continue to pass along future tariffs or other inflationary cost increases through pricing actions.
Moving to SG&A, our adjusted SG&A was $814 million in the third quarter, an increase of $38 million year-over-year. As a percentage of net sales, our adjusted SG&A increased by 23 basis points to 35.8%. This was primarily due to higher bonus, as we discussed last quarter and increased medical expenses as a result of higher average dollars per claim, which negatively impacted our margin in the third quarter.
As Tom mentioned, we leverage customer service hours in the stores, offsetting some labor-related headwinds. Overall labor-related expenses negatively impacted our adjusted SG&A as a percentage of net sales by 41 basis points. We expect the bonus headwind will continue through the fourth quarter as our incentive compensation for both corporate and field teams was much lower last year.
Separately, while we're pleased with the top-line results from cross-banner visibility, we have significant opportunities to reduce our end market and last-mile delivery costs for these additional sales. It's far more important in the short-term to ensure we are utilizing this capability to satisfy the customer and get the right part, to the right place, at the right time.
As we move forward, we have plans to streamline these initiatives to remove excess costs. However, this negatively impacted our SG&A as a percentage of sales in Q3. We remain focused on ensuring the parts are delivered in a timely manner, while we work to optimize our last-mile delivery costs over time.
SG&A headwinds were partially offset by lower insurance expenses, which improved by 37 basis points and we continue to focus on safety throughout Advance. Regarding adjusted operating income, we delivered adjusted operating income of $194 million in the quarter, a 12.5% improvement versus the prior year. Our adjusted operating margin increased 62 basis points to 8.5% in the quarter.
We remain steadfast in our approach to managing cash and delivering on our capital allocation priorities. Through the first three quarters of 2018, our operating cash flow increased $280 million to $682 million and free cash flow more than doubled to $576 million compared to the same period of 2017. Through our focus on cash flow and payment terms, our AP ratio increased over 72% in the third quarter.
I'm pleased with our progress to date and confident we will deliver continued growth in these areas. As I discussed earlier, we have made significant progress in our inventory efforts and our ability to reposition inventory throughout our network and that is helping us say yes to the customer more often, and increase inventory turns.
With that said, we continue to focus on optimizing our inventory over the next several years, while improving the assortment across the enterprise. As discussed last quarter, given the higher demand environment and working to optimize existing inventory without disrupting the customer, we expect we will end the year with slightly increased inventory on a year-over-year basis.
Moving to capital investments, our CapEx spend in the quarter increased $4 million to $43 million compared to the prior year. In the quarter, our largest projects were related to IT, supply chain, and new Worldpac branches.
In line with our financial priorities to invest in the business, maintain an investment grade rating, and returning capital shareholders, we previously announced our expectation to return $100 million to $200 million for our shareholders through share repurchases in the second half of 2018.
During the third quarter, we were able to repurchase $120 million worth of Advance stock. As Tom said earlier, we're pleased with the continued improvements in industry demand and operational improvement throughout the enterprise. We are confident we're taking the necessary actions to improve market share and deliver meaningful progress toward closing the competitive performance gap.
Based on our results in the first three quarters of 2018 and our expectation that current trends continue through the balance of the year, we're pleased to update our full year guidance expectations. We're increasing our net sales outlook from a range of $9.3 billion to $9.5 billion to a new range of $9.55 billion to $9.6 billion. Our comparable store sales guidance is also increasing from a range of flat to up 1.5% and is now expected to be up 2% to 2.5%.
In addition, we're raising the low end of our adjusted operating income margin by 10 basis points to 7.6%. While we remain disciplined in our approach to offset planned and unplanned cost headwinds, we also feel it's best to remain prudent in our expectations for the year in terms of our OI margin rate. Therefore, we're maintaining the high end of our previously provided adjusted operating income margin range at 7.8%.
As we said in our Q2 earnings call, the incremental sales we're driving in the back half enables us to invest in information technology, e-commerce and Worldpac branches in the fourth quarter to unlock longer-term growth and margin expansion. Due to adjustments in timing expectations coupled with our continued discipline around our capital expenditure process, we expect spending toward the lower end of our previously provided full year CapEx range.
In terms of free cash flow, we're pleased with the improvement in the first three quarters of 2018, and as a result, we're increasing our outlook from a minimum of $500 million for the full year to a range of $625 million to $675 million.
I'm pleased with the strength we have seen this year and I'm confident the focus and discipline across Advance will enable further growth in the fourth quarter and beyond.
With that, let's open up to addressing your questions, operator?
Questions and Answers:
Operator
(Operator Instructions) And our first question will come from the line of Michael Lasser with UBS. Your line is open.
Michael Lasser -- UBS -- Analyst
Good morning. Thanks a lot for taking my question. Jeff just mentioned that you are reinvesting some of the sales upside in the fourth quarter and that's not -- and that's why your implied fourth quarter margins are where they are. Is it also due to some of the incentive comp as well and when can we expect to see a return on those investments? So just, provides us just the shape of how the margins are going to unfold for -- from here because the consensus forecast for next year implies that margins take a sizable step up? Thank you.
Thomas R. Greco -- President and Chief Executive Officer
Hey, good morning, Michael. First of all, there is a couple of factors that are going to limit the margin upside in the fourth quarter. I think we've talked about most of these, but the first one is higher than planned inflation in fuel and transportation. We've also got the cross-banner visibility which is causing a couple of which is -- those are some incremental costs associated with cross banner visibility.
Eventually we'll optimize those. You mentioned the incentive compensation. And then finally, we're making some investments in the quarter to drive real long-term growth and margin expansion and very much in line with what we communicated previously, we're investing in marketing and e-commerce.
As you know, we launched a new campaign in the third quarter; Think Ahead. Think Advance. It's off to a great start. We want to keep driving that messaging out there in terms of an omni-channel media campaign and we're investing in e-commerce fulfillment and engagement. So, really marketing e-commerce is a big area.
Secondly, in terms of technology, we're beginning to implement a number of large projects to really simplify the business and integrate it and you mentioned, when we expect the return, these are pretty exciting projects, which we are very confident are going to provide a return on investment. We're standing up work day in the first quarter, moving from multiple payroll systems to one.
We kicked off our ERP to simplify our accounting processes across the company. And we're also investing in our store network. We're putting in a 4G network for the stores to really enable our team members to better serve the customers. So, some pretty exciting investments inside of technology and obviously once those are made, eventually they roll off and there's a very good return on those. And then finally, we talked about Worldpac branches in the fourth quarter as well.
So, in summary, we really like the top line momentum that we're having. We're encouraged with the fact that we're leveraging the costs that are going to be ongoing within our P&L, be that customer service hours in the store and other costs and we're very confident in the long-term margin opportunity we've talked about in the past is available. But we have to make the right investments along the way and we'll take those costs out when we change the work and improve the efficiency throughout the organization.
Michael Lasser -- UBS -- Analyst
And Tom, if I could just tie together some of the things you've said, A; you pointed out that you think the industry environment heading into next year will be favorable, and B; you're experiencing some transitional costs this year for things like incentive comp and some of the investment, plus you're going to experience some savings as you consolidate your distribution centers. So just directionally, next year should be back that your margin should inflect higher?
Thomas R. Greco -- President and Chief Executive Officer
We definitely expect to expand margins next year and we'll update you in February post our call.
Michael Lasser -- UBS -- Analyst
Thank you so much.
Operator
Thank you. Our next question will come from the line of Bret Jordan with Jefferies. Your line is open.
Bret Jordan -- Jefferies LLC -- Analyst
Hey, good morning guys.
Thomas R. Greco -- President and Chief Executive Officer
Good morning, Bret.
Bret Jordan -- Jefferies LLC -- Analyst
And I guess, looking at the AP to inventory, little over 72%; where do you think, now that you sort of had a little bit more time to look at it, you think you can take that number to?
Jeffrey W. Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Well, as we've said, Bret, in the past, we think over time we can get it into the low to mid 90%s. We've got a lot of upside potential there, as you're seeing throughout the quarter and we think that's going to continue to unlock as we solve for the inventory and looking at it at an enterprise level and really getting it to flow through as the negotiations continue with our vendors, and we get the right terms in place for the payment of the payables.
That's all beginning to unlock. It's something that takes time. We've talked about lapping existing terms. We've talked about the existing inventory flowing through, but we're seeing those unlock. You're seeing it here in the first three quarters of 2018. We're very confident that's going to continue into the future.
Bret Jordan -- Jefferies LLC -- Analyst
Okay. And then one question on the Walmart.com relationship, could you talk about the breadth of inventory that you're going to be showing through the Walmart website? I mean obviously you're not going to have commodity overlapping, but maybe a perspective number of SKUs that you may be offering there?
Thomas R. Greco -- President and Chief Executive Officer
Yes, we're not disclosing that Bret, but we're pretty excited about the Walmart partnership. I mean, we've always built out our value proposition here to compete on availability, speed and convenience, trusted advice. So essentially, this gives us an opportunity to extend that value proposition to many more customers.
And in terms of your direct question on the assortment piece, people can obviously go on Walmart.com and view products that they can have shipped to home or potentially pickup in an Advance store and have many more fulfillment options they have today on Walmart.com. So in terms of the specific assortment, we're not breaking that out, but we're pretty excited about the partnership and we're working through our plans right now.
Bret Jordan -- Jefferies LLC -- Analyst
Okay, great. Thank you.
Operator
Thank you. Our next question comes from the line of Chris Horvers with JPMorgan. Your line is open.
Chris Horvers -- J.P. Morgan Securities, Inc. -- Analyst
Thanks, good morning guys.
Jeffrey W. Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Good morning.
Thomas R. Greco -- President and Chief Executive Officer
Good morning.
Chris Horvers -- J.P. Morgan Securities, Inc. -- Analyst
The EBITDA is starting to grow nicely here. I think we're projecting over $900 million of cash at the end of the year here with the inventory and the AAP-ed (ph) inventory. So can you talk about how you're thinking about deploying that cash? I know you said a $100 million to $200 million here for the back half of the year. You got $120 million done. Is there an opportunity to take that buyback higher and then how do you think about long term, what are your views around unlocking the balance sheet?
Jeffrey W. Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Yes. Overall, our capital allocation priorities haven't changed. We want to maintain that investment grade rating, reinvest in high quality projects in the business. Tom mentioned a few of those that we're -- we've already launched and we're focusing on right now. There's certainly more work to do there, and then returning excess cash to shareholders.
So those -- those haven't changed. We're not changing anything in terms of our buyback. We're still in that the range of $100 million to $200 million. As we go into 2019, as Tom said, we'll have the AOP (ph) for you in February and then we'll talk about a little bit into the future more post that earnings call.
Chris Horvers -- J.P. Morgan Securities, Inc. -- Analyst
Understood. And then, is there -- I guess as a follow-up to that, is there a certain level of sort of minimum cash that you're targeting internally and if I look back historically, it's sort of like -- the cash is low at sort of $60 million, $60 million to $100 million. Is that a good guide as you look out to the future because it's not like this -- the base of the business has grown all that much since then?
Jeffrey W. Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Yes, that's a decent guide. I think we've got some opportunities with the cash that we have on hand. Like I said though, we're going to be very disciplined in how we approach this. We've had a very significant change in how we do our capital allocation, specifically around CapEx. Very formalized committee, we look at the ROIC of every single project. We're making sure we're getting the right return for our shareholders.
Chris Horvers -- J.P. Morgan Securities, Inc. -- Analyst
Understood. And then, the last question is, maybe some early thoughts from Reuben in terms of, now that he's had a little bit of time looking at the supply chain -- looking at supply chain plans; any thoughts around sort of the assets that you hold from a buildings perspective versus the technology enablers that you need to unlock the long-term margin story?
Thomas R. Greco -- President and Chief Executive Officer
Sure. Well, first of all, Reuben has really been an exciting addition to the team. He is bringing a completely new dimension to our thinking. not just within supply chain, but much more broadly given his substantial omni-channel experience with Walgreens, previously.
I think the first priority is the one that we know is a big opportunity here, which is to dramatically improve the execution within our supply chain. And we're talking about basic blocking and tackling here, Chris. I think we've made a lot of progress on the store front, improving units per transaction, scheduling on the weekend, improving our close rate. I don't think the supply chain has come along as quickly and he certainly has jumped in with that perspective as well. So he's very focused on improving basic execution in the supply chain.
As it pertains to the longer-term supply chain agenda, he was intimately involved in that agenda and the construction of it. So he is very familiar with the DC optimization, that's going on, the store optimization, the end market optimization. He's very aligned with that.
I think the one thing that you'll see an elevation on is the execution metrics within supply chain. But, no Student Body Left or anything like that, but just an elevated focus on execution and continuing to help us think through how to take full advantage of the big asset -- the significant asset base that we have and leveraging them better.
Chris Horvers -- J.P. Morgan Securities, Inc. -- Analyst
Thanks very much.
Operator
Thank you. Our next question comes from the line of Seth Sigman with Credit Suisse. Your line is open.
Seth Sigman -- Credit Suisse -- Analyst
Thanks, good morning guys, nice quarter. My question is primarily on the gross margin. Obviously it was a little bit better than we expected and it's ahead of the second quarter trend. You discussed some of the headwinds including supply chain, but results do seem to imply a pretty significant acceleration in some of the positive offsets. So, I'm just wondering, any more color on the components that may have driven that acceleration in those positive offsets? Thanks.
Jeffrey W. Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Yes, sure. Let me just kind of walk through it and just give you some color in addition to the supply chain that you mentioned and that we talked about in our prepared remarks. Yes, we did have some additional headwinds in commodities and tariffs. Now tariffs were pretty immaterial in the quarter, but just grouping those together, those were completely offset by MCO and pricing actions. So we were able to cover those inflationary headwinds through those actions.
In addition, we had continued productivity efforts around strength, defectives, and slow-moving inventory; and these are really the catalyst for the improvement in our GM rate expansion. So managing the shrink, managing the effective process which is something we've been working on all year in addition to the slow moving, which is really the result of looking at our inventory at a more macro level.
So those are the primary drivers of our gross margin expansion, and we think we can continue to build on that. And we also had positive product mix as well. So the combination of all those are really the drivers.
Seth Sigman -- Credit Suisse -- Analyst
Okay, great. And then specifically on the supply chain side, I think you are lapping some higher cost from last year. I realize there are external pressures that may be new. But just, how are you thinking about that as you move into the fourth quarter and into 2019?
Thomas R. Greco -- President and Chief Executive Officer
Sure. So you're right. As it relates specifically to supply chain, we are still lapping the start-up of the Nashville and Houston distribution centers. And that was about half, actually the majority was the inflationary pressures that we just saw in transportation and fuel costs. So that was the big driver. We're still going to see some of that start-up cost in the fourth quarter, that's going to start to diminish here in the fourth quarter and then we should essentially fully lap it starting in 2019. So I think that's the way you can kind of think through that.
Seth Sigman -- Credit Suisse -- Analyst
Great, thanks very much.
Operator
Thank you. Our next question comes from the line of Simeon Gutman with Morgan Stanley. Your line is open.
Simeon Gutman -- Morgan Stanley -- Analyst
Good morning. Tom, my first question, on third quarter, if you can isolate markets where maybe the weather helped more than others? Curious to get your opinion, how much of the improvement was the backdrop demand getting better versus some of the internal changes you mentioned, I think the assortment helping as well?
Thomas R. Greco -- President and Chief Executive Officer
Sure. Well, first of all, we feel great about both the industry performance in the quarter and our competitive progress. So, if you think about the industry, we would put that number at about a 150 basis points to 200 basis points depending how you look at it, Simeon. I mean you've got growing GDP, reduced unemployment, and really exciting for the automotive aftermarket, you've got an improving year-over-year trend in terms of vehicles in the sweet spot.
And as I said in my prepared remarks, that's a trend that's going to keep ongoing. In fact the vehicles seven years and older are expected to grow for the next five years in a row and having declined for the previous three years. So that's a pretty big swing and bodes well for the future for the entire industry.
I think, I would also attribute some of our improvement in the quarter to the geographic footprint we have. I would say we disproportionately suffered last year by having stores in the Northeast and the North Central part of the country. I think this year we disproportionately benefited. So call that zero to 50, I think somewhere around 200 basis points, you'd say is kind of industry plus geographic footprint.
We improved about 400 points versus the year ago performance in 2017 on a year-to-date basis. So a 400 point improvement is compared to the industry at 200 basis points, so I would call the -- our improvement around 200 points attributable to the initiatives we have out there. And that would include things like cross banner visibility in professional and accelerating trends in our DIY business, driven by better execution in the stores and our omni-channel effort.
So bottom line, we're really pleased with the improvement in the industry. We're excited about next year and also the competitive progress that we're making. So both of those were factors and I think we split them about equally.
Simeon Gutman -- Morgan Stanley -- Analyst
Okay. And on margins, you are making progress against the gap versus your peers. Can you assess what you think -- again, what's the biggest opportunity within the gap? Is it too many touches of product, too much fixed cost and is the -- answer that you have today, is it any different than when you looked at this 1.5 years, two years ago?
Thomas R. Greco -- President and Chief Executive Officer
Yes, it really isn't. I mean I think, first of all, we absolutely believe we can achieve the long-term margin goals that we've set. We're finalizing our strategic plan right now. We shared an update with our Board recently. If you consider our margin of -- 2017 of 7.3% and you compare it to our primary competitors year-end margins in 2017, we think about 60% to 70% of that absolute gap is addressable with the balance being structural.
So we've got a couple of areas that we're very focused on. There is four key areas. We've got work streams against each one of those work streams, and we're really fine-tuning the choices that we have to make to really balance the addressable margin expansion opportunities with the equally large share growth opportunities that we have.
So, very excited about our ability to drive shareholder value through a combination of topline growth, market -- sorry, margin expansion, and free cash flow improvement. So, we think we can do both of those, gain share and expand margins with the balance ramp up over time.
Simeon Gutman -- Morgan Stanley -- Analyst
Thanks.
Operator
Thank you. Our next question comes from the line of Scot Ciccarelli with RBC. Your line is open.
Scot Ciccarelli -- RBC Capital Markets -- Analyst
Good morning, guys, Scot Ciccarelli.
Thomas R. Greco -- President and Chief Executive Officer
Hey, Scot.
Scot Ciccarelli -- RBC Capital Markets -- Analyst
Good hi. Clearly you guys have made a lot of changes to the business. I'm sure there is some difficulty in trying to isolate, but it can be coincidental, Tom, that comp trends have started to improve pretty meaningfully since you rolled out cross banner visibility. So I was wondering if you might be able to help quantify, specifically, what the topline impact has been from cross banner visibility. And then related to that, how much of a margin drag that has been, even though you're trying to optimize it. Obviously it's not optimized at this stage. Thanks.
Thomas R. Greco -- President and Chief Executive Officer
Yes, I'll give you a perspective on the second part of your question, then I'll flip it over to Bob to talk about how cross banner is impacting the topline. On the margin drag, for sure, we knew that as we roll this out, we were going to have to deliver parts to places that hadn't been planned before and we want to make sure that we know what the implications of cross banner are before we start turning our system inside out to start optimizing.
And so we've got a better idea of what that looks like now, Scot, and we're starting to look at each DMA because the impact of cross banner varies pretty widely across the country, based on the penetration that we have, our store density, the prevalence of Worldpac, and we will absolutely optimize that overtime. So I'll flip it over to Bob, and he can talk about how it's impacting the topline.
Robert B. Cushing -- Executive Vice President, Professional
Thanks. So, certainly from the cross banner visibility in all markets, saying yes to our customers certainly with our industry-leading portfolio of brands, again, that ties right into the other technology that we've developed as you know, Advance Pro, what we're seeing there, of course, this is our new B2B platform. We're seeing higher transaction rates, higher order value, higher conversion and that's basically the result of also not only the technology and futures benefits in there, but certainly on the cross banner side.
But we're seeing tremendous increase from the standpoint of our customer's adoption of it and of course, importantly, most recently, when we look at MyAdvance, the new single sign-on portal that we put out there. Again, the ease of doing business; has full access to cross banner across all banners. So, from our vantage point, cross banner basically is informing us on the assortment side of it and we're building that assortment strategy down to the market by market at the store level, which is also, again, driving more cross banner access. So, overall, we're seeing tremendous amount of improvement and basically saying yes to our customer, day in and day out; and there's more to come on that.
Thomas R. Greco -- President and Chief Executive Officer
Yes, one additional -- I'll add here, Scot, that your question raises every single banner inside the Company grew in the quarter and so I think they're all benefiting. So you think about Advance Stores, Carquest stores, Worldpac, Autopart International, our Independent's had a great quarter. So every banner has access to cross banner now and it's really helping us leverage the breadth of our assortment across the enterprise.
Scot Ciccarelli -- RBC Capital Markets -- Analyst
And again, I know it's not exact science, but is there a way to kind of put a number on the impact that it's had?
Thomas R. Greco -- President and Chief Executive Officer
Well, again, we spoke to about 200 points. We believe our initiatives are driving progress. We also believe our DIY omni-channel efforts are giving us incremental growth. So, we had kind of an evenly split improvement year-on-year in those -- between DIY and Pro. So I mean you can do the math. I mean we've got a number on cross banner, it's a significant number, and you're right, it has been a big impetus to our improvement. So you can do the math of the 200 basis points that's attributable to our own performance.
Scot Ciccarelli -- RBC Capital Markets -- Analyst
Got it, thanks guys.
Operator
Thank you. Our next question comes from the line of Kate McShane with Citi. Your line is open.
Kate McShane -- Citigroup Inc. -- Analyst
Hi, thanks for taking my question. My questions go back to the supply chain as well. We just wondered if you could walk us through what you are seeing with the store rationalization, what are some of the metrics of the stores that have been closed and how much you think it's impacting margins?
Thomas R. Greco -- President and Chief Executive Officer
Sure. Good question, Kate. We've been really excited about the improvement we're making there. We were 81 stores, right -- we're up to about 81 stores on a year-to-date basis that we've closed. We're measuring very carefully that obviously the transfer of sales, I mean that's the big question, right, we've got a lot of stores, I think about 400 plus that are within a 1.5 mile of each other.
And when we close a store, we obviously don't want to lose the sales, we just want to transfer the sales to one of the other Advance banners. And to the earlier question, cross banner is helping us with that because Worldpac plays a role and obviously the other Advance and Carquest stores play a role in essentially capturing the sales that that store that was closed had previously.
So, we measure the sales transfer. Obviously, the sales transfer on Professional is easier to get after than the sales transfer on DIY, although through omni-channel efforts, we can get at the DIY sales also. And then the other thing that we measure is the employees and we make sure that we are able to retain the very best parts, people that we can when we make that change.
So we feel really good about the improvement we've made in our team. We're seeing turnover levels stabilize. They are down significantly from where they were two years ago. So when we close a store, we don't want to lose the key people that have a connection with our customers in that store, and we've done a much better job retaining those employees than we did in the past.
And then the third thing is the lease obligation. We want to make sure we minimize any costs in closing down the store where there might be an outstanding lease obligation. But each of those three metrics is very positive and we feel very good about our ability to drive cash flow with this initiative over time. So those are the key things we look at.
Kate McShane -- Citigroup Inc. -- Analyst
That's helpful. And then, if I could just ask a follow-up question, do you have -- is there a way to quantify what you think that transfer rate is at this time?
Thomas R. Greco -- President and Chief Executive Officer
Yeah, we don't break that out, but we're definitely exceeding the levels that we had planned and we're far above what we'd had in the past. We want to make sure that we're looking at stores where we can actually transfer the sales. I mean if you're talking about -- think about a store that's in rural America where we may not have a store within 10 miles of it. We've kind of learned from experience at closing that store, we can't expect those sales to show up and you know for the home team.
So we're making sure that when we close a store, it is transferable and we measure the cash flow outlook for that area, not just for the store, for that area over the next several years to make sure that we're very much cash flow positive, because as we reduce the cost in that area, less rent, less in-store costs, less inventory, all of those things, we're still driving cash flow and that's the metric we look at to make the decision to close or not.
Kate McShane -- Citigroup Inc. -- Analyst
Thank you.
Operator
Thank you. Our next question comes from the line of Matt McClintock with Barclays. Your line is open.
Matt McClintock -- Barclays Capital -- Analyst
Hi, Yes, good morning everyone.
Thomas R. Greco -- President and Chief Executive Officer
Good morning.
Matt McClintock -- Barclays Capital -- Analyst
I have two quick ones and then I'll let you go. The first one is just, on Walmart, can you kind of give me an idea of the customer overlap between advance.com and Walmart.com for DIY. And I'm just trying to understand why a customer would shop Walmart versus Advance. Is that entirely incremental or new -- new customer. Thanks.
Thomas R. Greco -- President and Chief Executive Officer
Sure. First of all, the consumer profile for the Walmart shopper and the Advance DIY customer is extremely similar. So they are right on top of each other Matt, so that was obviously some work we had done. We looked at different alternatives with respect to building a strategic partnership where our set of skills and assets could be complementary to someone else. And with Walmart having a substantial omni-channel effort out there, the most retail traffic in the nation, all of those things boded very well.
We absolutely believe there is incremental sales out there for us. You think about a 100 million people coming to that website every four weeks at Walmart. We have not disclosed how many people come to our website every four weeks but it is under a 100 million. So there is going to be some people that go to that Walmart website that have not come to the Advance website and Walmart has been a terrific partner on this.
We're going to have an Advance store-within-a-store on their website. We think it helps build our brand and awareness. And it really helps Walmart with some category expertise that we believe that together, we can drive a lot of -- a lot of incremental sales with. So very excited about the partnership and very much aligned consumer lap -- overlap rather, sorry.
Matt McClintock -- Barclays Capital -- Analyst
Thanks for that Tom. And then my second question is, you did a great job of explaining the macro underpinnings -- the positive macro underpinnings for the -- for the industry over the next couple of years, and clearly you've taken market share this year, which was pretty impressive. I'm just wondering with the pull forward of some of those investments that you're talking about, launching a new marketing campaign, et cetera, are you starting to put your foot down on the pedal in terms of being more aggressive with going after market share. Thanks.
Thomas R. Greco -- President and Chief Executive Officer
Well, we definitely feel much better about the customer experience when they come into our store. As they say, you don't invite somebody over for dinner at your house unless it's all clean and in a great spot and we wanted to make sure we were executing well and I will tell you that our field team is executing better than they ever have. We had to restructure last year, as you know. WE went to two divisions and 12 regions. We've got a terrific group of leaders out there. They are now entering their second year. They are very disciplined in their approach to drive the business.
So now, when a customer comes into our store, they're going to have a much better experience than they had a year ago. We're seeing that in metrics like net promoter score, in the number of times we greet our customers, all of the things that we measure on our mystery shop profile are much better. So you feel good about putting advertising on the air to invite people in. So I think that's the difference. So to that extent, we are going to invest in our omni-channel media efforts, because we believe we've got a great proposition for our customers to come and visit us for.
Matt McClintock -- Barclays Capital -- Analyst
Appreciate the color. Best of luck.
Operator
Thank you. Our next question comes from the line of Dan Wewer with Raymond James. Your line is open.
Dan Wewer -- Raymond James & Associates, Inc. -- Analyst
Thanks. Tom, you had mentioned there is still 400 Advance and Carquest stores that are within 1.5 mile of each other, what is your best estimate on those 400, how many can be consolidated? And then also, curious, with the decision to resume the share buybacks, how do you balance that against the opportunities to start opening new stores, particularly out West, where you probably need more stores?
Thomas R. Greco -- President and Chief Executive Officer
Yes. Well, first of all, Dan, we definitely will continue to optimize the footprint. I mean if you -- if you guys know the average sales per store that we have, if you contrast that to our primary competitors, they do a much better job on average sales per store. So part of that is, we've got what you just described, stores that are really competing with each other for sales and where we see that, as I mentioned earlier, we're going to continue to optimize our footprint.
As we constructed our five-year plan, we looked out over five years in every DMA in the country. And as we do that, you're considering a whole bunch of variables, but the net of it is, when you've got a given market, you figure out how are you going to grow the business in that market and how are you going to optimize your cost in that market and because our footprint is somewhat varied, to your question about the West, across the country, our approach to each of these markets is going to be different.
And so where we've got a very concentrated footprint, a lot of density, that's where you'll see some of the optimization efforts that you asked about and where we've got a lack of a footprint, which as you've mentioned in the west, we are much less penetrated. We're going to take a very different approach to those markets.
So we are opening Worldpac branches, as we mentioned. We're making sure that we are going to be consistently, reliably, driving comp sales with the stores we have first and where we have markets that are demonstrating that consistently, reliably, predictably, we will look at, at some openings. But the bulk of our investment at this stage is in the -- our CapEx investment is in e-commerce and in technology.
And where we have opportunities to expand our footprint, we will. But I think, you see a different CapEx profile from us than you've seen in the past where we were opening DCs and stores throughout the country. We've shifted that profile and dramatically stepped up our investment on e-commerce and technology and we believe it's paying off.
Dan Wewer -- Raymond James & Associates, Inc. -- Analyst
And then, just a quick question about supply chain changes going forward, not to geek out this too much, but when you look at the three facilities that you're closing in Texas, South Carolina, and Mississippi, will the Carquest and Advance stores in those territories, base now supplied by a common facility?
Thomas R. Greco -- President and Chief Executive Officer
Well, first of all, we're pretty excited. Our new Chief Technology Officer has come in and really helped accelerate a lot of the tech plans that we have inside the Company. And obviously, cross banner replenishment is a big opportunity for us.
I mean we're sitting here in Raleigh, North Carolina adjacent to a distribution center that today cannot ship to the Advance stores in this geography. Those stores actually source product from another so-called a red or Advance distribution center several hundred miles away.
So, we are building the capability to cross-banner replenish and of course that's going to take stem miles out and obviously improve the speed to get parts to our -- to our stores. So that's an active project and we expect to deliver against that sometime in the latter half of 2019.
Dan Wewer -- Raymond James & Associates, Inc. -- Analyst
But these three facilities that you've announced that you're closing, they're still just going be shipping to either an Advance or a Carquest banner, but not both?
Thomas R. Greco -- President and Chief Executive Officer
Well the three facilities we're closing are being closed. I want to make sure I understand your question.
Dan Wewer -- Raymond James & Associates, Inc. -- Analyst
Yeah, just curious as to which facilities are going to pick the slack?
Thomas R. Greco -- President and Chief Executive Officer
Oh, OK. Yes, well today, because the ones we don't have cross-banner replenishment capability, we have to essentially point the stores at another comparable distribution center. So in the case of Gallman, Mississippi, which was an Advance DC, we had to point the stores at Houston and Nashville, which are also Advance DCs. In the future, as we optimize the DC footprint, we'll have the ability to do a much more effective design in terms of how do we optimize the distribution center network and DC to store stem miles.
Dan Wewer -- Raymond James & Associates, Inc. -- Analyst
Okay, great. Thank you.
Operator
Thank you. Our next question comes from the line of Mike Baker with Deutsche Bank. Your line is open.
Michael Baker -- Deutsche Bank Research -- Analyst
Hi, can you guys hear me OK?
Thomas R. Greco -- President and Chief Executive Officer
We can hear you, Mike. Yes.
Michael Baker -- Deutsche Bank Research -- Analyst
Great. I wanted to ask you, you've said you have confidence in the fourth quarter that you continue the current trends. Is that in reference to the trends in the third quarter or year-to-date? And I guess even more fine, can you give us any color on how the third quarter progressed by period?
Thomas R. Greco -- President and Chief Executive Officer
Yes, the third quarter was fairly evenly distributed, Mike. We are very excited about the way it started and we're excited about the way it finished. So I mean it was a pretty strong quarter across the board, and again, as I mentioned in all of the banners. And we are pleased with the way Q4 has started out. So we're obviously not giving specific numbers on the fourth quarter. We gave you a formulary number and that implies a number, but we think the sales number that we have in the fourth quarter is one we can achieve.
Michael Baker -- Deutsche Bank Research -- Analyst
And to follow-up on that, you had said that the operating income or operating margin -- implied operating margin guidance for the fourth quarter was prudent, in your words. Would you say that the same-store sales expectation is similarly prudent?
Thomas R. Greco -- President and Chief Executive Officer
Yes.
Michael Baker -- Deutsche Bank Research -- Analyst
Okay, I appreciate the color. Thanks.
Operator
Thank you. Our next question comes from the line of Greg Melich with MoffettNathanson. Your line is open.
Gregory Melich -- MoffettNathanson, LLC -- Analyst
Hi, thanks guys, and congrats on the quarter. I do want to follow up on the improvement, Tom, you laid it out nicely. What was the breakdown of traffic on that? In other words, if we did a 4.3% comp, was traffic positive or transaction counts. And then, I had a follow-up on the transformation actions.
Thomas R. Greco -- President and Chief Executive Officer
Sure, Greg. So on transactions, Bob did a great job describing earlier, we saw a nice uptick in transactions on the Pro side and we also saw average ticket up on the Pro side. So a lot of the good work, Mike Broderick has been doing with the category teams, the merchant teams has really helped us on really both sides of the business, but we are seeing growth in some categories that we haven't seen growth in for quite some time. And that is helping us on the transaction front, but both of them improved on Pro.
On DIY, we measure DIY omni-channel, so we measure transactions across both e-commerce and retail. We obviously saw an improvement in our retail transactions and our online transactions continue to be up significantly. Our online business has continued to flourish. If you look back at some of the published reports on omni-channel, you'll see that the three months ending September 30th, our online traffic was up 82%, which was right at the very top of 40 Retail Company.
So obviously that's translating to incremental transactions and in terms of our DIY online business. Average ticket was up pretty significantly in DIY, partly because the online business is growing faster than the retail business. But overall, we're very pleased with both transactions and tickets in the quarter.
Gregory Melich -- MoffettNathanson, LLC -- Analyst
And so, just to make sure I clear that. For the whole Company, transaction counts were up, but they were up in Pro more than in DIY. And they might have still been down a little bit, if you look at it holistically. Is that a fair--?
Thomas R. Greco -- President and Chief Executive Officer
Yes, overall up, DIY--
Gregory Melich -- MoffettNathanson, LLC -- Analyst
Right. Overall up, DIY much better than -- DIY worse than Pro which really improved a lot.
Thomas R. Greco -- President and Chief Executive Officer
That's right, yes, DIY retail was the one.
Gregory Melich -- MoffettNathanson, LLC -- Analyst
Yes, DIY retail.
Thomas R. Greco -- President and Chief Executive Officer
Yes, yes.
Gregory Melich -- MoffettNathanson, LLC -- Analyst
Yes, got it. Okay. And then second was on transformation costs, just because I know -- thank you for continuing to break those out, it looks like they're running around a $100 million a year, if you take out the amortization. One, just want to make sure that I'm thinking about that correctly and assuming those -- you've mentioned that they'll go on still for some years, should we think of this year's transformation costs as a above trend or that $100 million a year should start to fade and when should we expect that?
Jeffrey W. Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Yes. No, I think, for the year, you're right. We gave you a range of $140 million to $180 million and we do think we're going to come in to the low end of that range. So if you back out the amortization which is about $40 million, we would be trending at about $100 million for the year. We think over time that's going to diminish. It's going to take some time to do that. But we think on a year-over-year basis, we're going to start to see reductions in that $100 million.
Gregory Melich -- MoffettNathanson, LLC -- Analyst
Got it. Thanks a lot. Good luck guys.
Thomas R. Greco -- President and Chief Executive Officer
Thanks, Greg.
Operator
Thank you. Our next question comes from the line of Elizabeth Suzuki with Bank of America Merrill Lynch. Your line is open.
Jason Haas -- Bank of America Merrill Lynch -- Analyst
Hi, this is Jason Haas on for Liz Suzuki, thank you for taking my question. I was curious if you could provide any color on how the economics of the Walmart partnership would work?
Thomas R. Greco -- President and Chief Executive Officer
Yes, we're not breaking that out Jason. And again, we're pretty excited about what we're going to be doing with Walmart. It's a pretty unique partnership, but we're not going to break out the economics.
Jason Haas -- Bank of America Merrill Lynch -- Analyst
Okay. And then, any color on when that would come in? I know you said the first half of '19, but -- yes, just any more color in terms of the timing on that?
Thomas R. Greco -- President and Chief Executive Officer
Sure. It's a phased approach. I mean this is one of those things that there is -- some parts of it are easier than other and I'm not going to get into the specifics of the Gantt chart, if you will. But I can tell you that we'll be rolling out in the first half of the year with part of what we're going to be doing with them. Other parts of it have to be tested and validated. We have to make sure that we're delighting the customer.
The beautiful thing about the arrangement with Walmart is both of us are very focused on the customer experience and we want to make sure that our customers and the customer -- Walmart's customers are really excited about what we have to offer. So as we roll out the parts that are a little more complicated and have a little bit of complexity to them that we're validating that that proposition is absolutely where it needs to be before we scale it. So you'll see part of it rollout in the front half of '19. It is a multi-year partnership, so we want to make sure, we get it right. So that's the answer.
Jason Haas -- Bank of America Merrill Lynch -- Analyst
Great, thank you.
Operator
Thank you. Our next question comes from the line of Brian Nagel with Oppenheimer. Your line is open.
Brian Nagel -- Oppenheimer -- Analyst
Hi, good morning. Thanks for taking my question, nice quarter.
Thomas R. Greco -- President and Chief Executive Officer
Thank you.
Brian Nagel -- Oppenheimer -- Analyst
So I also wanted to ask quickly on Walmart, I mean recognizing it's early and I know you're not providing a lot of details this point, but any initial thoughts on pricing between what you do in your stores, on your website, and what will be done on Walmart? And then the second question, does this relationship with -- that you have with Walmart now, does it at all impact your plans for your own site? I mean does it just replace your own site or is this simply an addition to what you're already doing online?
Thomas R. Greco -- President and Chief Executive Officer
Well, first of all, Brian, we see this as an opportunity to extend the fundamental DIY value proposition we have to more customers. And our value proposition has always been the best parts in the industry, the best assortment in the industry, speed and convenience, you think about pulling into an Advance store, you can get in and out of an Advance store, we have free services, we'll charge your battery, we'll change your windshield wipers for free. We have a number of speed-related and convenience-related benefits we offer to customers.
And then trusted advice, I mean we're investing in the training of our people. Bob's really done a lot of work with Mike Broderick on the Carquest Technical Institute and how we train, not just our own team members, but our customers. So it's an extension of that value proposition to Walmart.
In terms of pricing, we control our pricing. So we're going to offer a price, and we are able to get the sale on the Walmart -- through the Walmart website, we'll get the sale, if we don't, we don't. But it is an arrangement where we control our own pricing for the website. As it pertains to our own site and our own online experience, we're doubling down on our own site.
We've made tremendous progress. We meet literally every week on that topic and we're strengthening every aspect of our online experience and we're going to continue to do that aggressively. We believe it's extremely important to the long-term success of the Company, and the fact that we partner with Walmart has -- there is really no impact on the fact that -- and what we're doing with our own site other than we're going to continue to strengthen it. And we're going to learn from Walmart in terms of how to strengthen it better than we have in the past. So there's no plans to slow anything down on our own website, if anything, we're actually accelerating it.
Brian Nagel -- Oppenheimer -- Analyst
Got it, that's very helpful. And then, if I could just follow up with another kind of bigger picture question. Clearly your results have accelerated a lot, that has to do with internal initiatives, which you've also highlighted an improving demand backdrop. Your competitors have done the same.
As you look at data, as you look at the -- sort of say the -- I guess the buying patterns of your customers, whether they'd be DIY or commercial, is -- are there signals that what's happening now is truly a resurgence in demand or is there -- is there a pent-up aspect to it, just given we had several quarters of weaker trends, whether that'd be due to weather or just some of the car park issues?
Thomas R. Greco -- President and Chief Executive Officer
Yes, I'll let Mike Broderick speak to that a little bit, I think that there is no question that vehicles in the sweet spot is a driver of demand. I mean we've stepped back and look over really the last 16 years on what are the things that correlate to demand the most? It's GDP, well the GDPs improving, that's great news.
It's the car park, well we expect the car park to improve. It's vehicle miles driven, that's been improving up above 1%. The one that has swung, to your question, is this vehicles in the sweet spot, that was declining. Now it's starting to turn. We knew that turn was coming and it's going to turn for the next five years in a row.
We think the vehicles seven years and over, which is obviously where you have high levels of repairs, the cars are off warranty, those vehicles are going to need to be repaired and that vehicle population is going to be up 10% five years from now. So the unit growth in vehicles in the sweet spot is a significant driver of demand. Mike, do you want to add?
Mike Broderick -- Executive Vice President, Merchandising and Store Operations Support
No that's a -- you've said a lot. But if you go deeper into the categories, we looked at discretionary and non-discretionary categories and they're both up, which actually really bodes well for our industry as well as Advance Auto Parts, and that's kind of how we focus. We want both a very balanced approach across all four channels and we're literally looking at it by category to make sure that we're getting our fair share of the growth.
Brian Nagel -- Oppenheimer -- Analyst
Thank you. Nice quarter again.
Jeffrey W. Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Thanks.
Thomas R. Greco -- President and Chief Executive Officer
Thanks.
Operator
Thank you. Our next question comes from the line of Chris Bottiglieri with Wolfe Research. Your line is open.
Chris Bottiglieri -- Wolfe Research. -- Analyst
Hi, thanks for taking the question. Just hoping to dimensionalize DIY comps, I know you kind of looked at this earlier, but if we take that 100 basis point benefit seems to imply little less than half your sales, that's two points of growth to DIY specifically. So I guess my question is, if you exclude the online sales, are the non-online DIY comp still positive at this point?
Thomas R. Greco -- President and Chief Executive Officer
Yeah.
Chris Bottiglieri -- Wolfe Research. -- Analyst
They are? Okay, and then, is there a way to frame the online opportunity from here? I guess, putting aside the Walmart arrangement, when you lap this level of online traffic growth, do you think there's another leg up? Like, how are you thinking about this long-term?
Thomas R. Greco -- President and Chief Executive Officer
We definitely see a leg up Chris, I mean we're seeing a significant growth in online and across the universe right. But within our own category, we've got a number that we see that the size of the category will be five years out. We feel we can continue to drive not just the ship-to-home business, but the buy online pickup and store business where we can really leverage our asset base as others are doing.
So we're really investing in online capabilities, both desktop and mobile, making sure our team members are engaged. We do compensate our team members for online business, so they're excited about building a relationship with the customer. We're strengthening our loyalty program, which has implications for online.
So there's a whole bunch of elements that are coming together as we build out our customer experience. But I think over 70% now, it keeps going up by the way, of the transactions that we have within DIY start with online, OK.
Whether that's a search -- a mobile search for a part or some type of search for a store or something like that and we see that continuing to go up. So it's not just about, hey, I want somebody to buy something online. We want to strengthen the online experience overall because we also believe that that halos over to our retail in-store experience.
Chris Bottiglieri -- Wolfe Research. -- Analyst
Got you. And then, as you think about kind of the productivity in store, how do you kind of -- what are some the efforts you're doing to maybe optimize labor as more of this, I guess, more of the transactional element shifts online?
Thomas R. Greco -- President and Chief Executive Officer
Well, we're obviously very focused on that. I mean, everyone is talking about wage inflation and certainly we're seeing that across our business whether it's in our stores or our distribution centers, for that matter. But we have, I guess, a bit of a different starting point, Chris. I think we have much more opportunity to improve. I think our field leaders have done a much better job managing full time/part time mix, which is a key driver of that cost per hour, if you will, so that's an active project.
We've done a lot of work on ABC costing, up and down the store in terms of what does each piece of our in-store environment, what is it costing us to do everything in there and how do we change the work, so to speak, to improve the cost profile of the store. As you see more orders coming in online in terms of DIY that obviously can save time, instead of having to engage with a customer for 10 or 15 minutes to the extent that we've got a very strong platform online, that gives the customer the education they need and the information they need to make decisions, some of them just want to come in and out.
So, I mean we're routinizing that buy online pickup in-store experience with our store team members, making it very easy for the customer to come in and get their part and leave. So that part -- those things are natural tailwind, similarly on the professional side, as Bob builds out our MyAdvance, he talked about it earlier, more and more customer shifting to buy online off of MyAdvance our Advance Pro, now they're no longer speaking to someone on the phone as they do -- many of them do today and we're seeing that tick up each week. So to the extent that you really build an omni-channel experience that is world-class for your customers, it actually can help you with the labor cost over time.
Chris Bottiglieri -- Wolfe Research. -- Analyst
Makes a lot sense. Thanks for the help.
Operator
Thank you. And our next question comes from the line of Seth Basham with Wedbush Securities. Your line is open.
Seth Basham -- Wedbush Securities. -- Analyst
Thanks a lot and good morning. My first question is on e-commerce as well, you mentioned some fulfillment engagement investments that might weigh on operating margins in the fourth quarter. Can you provide a little bit more color as to what you're investing in now relative to what you've done year-to-date?
Thomas R. Greco -- President and Chief Executive Officer
Sure. I mean we want to make sure that we're optimized their stuff and I would just tell you we're not optimized. I mean we're not shipping from as many buildings as we will ultimately do. We've got many buildings across the country. As you know, we've got 50 million square feet of assets. And as Reuben has come in, we're essentially updating that fulfillment part of our agenda, how do we ship more efficiently? When we ship to home? How do we make it much more easy for the customer to access parts? And how do we make it easier for our team members to get parts on the buy online pickup at the store dimension?
So, honestly, there is a lot of work to be done there and a lot of opportunity for further optimization. But right now we're building the engagement part of it out pretty aggressively as you know and that's driven a lot of traffic to our website. We are not going to slow down that piece of it because it's costing us too much in the short term, because we know we can ultimately optimize those costs.
It's just a matter of some of the things that came up earlier, you know, being able to ship from more buildings, cross banner replenishment, cross banner visibility, all of those things will ultimately make it much more efficient for us to do what we have to do. But right now we're focused on delighting the customer and that's helping drive our top line.
Seth Basham -- Wedbush Securities. -- Analyst
Got it. And would you say that in terms of the pressure on operating margins in the fourth quarter from these investments, will they be higher than they've been in recent quarters?
Thomas R. Greco -- President and Chief Executive Officer
I think overall they're in line with where they were in absolute terms or not all that different. To be honest, we just have a -- we have a lower top line number in the quarter and that, as a percent of sales, has an impact, right, but the absolute number is not that much. I will say that the technology investments attract OpEx right away that we're making. When we make a CapEx investment on the technology side, it attracts OpEx right out of the gate, and that's part of the headwind.
Seth Basham -- Wedbush Securities. -- Analyst
Fair Enough. And my follow-up question is around tariffs. Can you remind us what the mix of COGS you have exposed to the Chinese tariffs is right now and how much you expect to be able to pass along in terms of price relative to other mitigation strategies from the tariffs, particularly as we see a 25% scenario unfold?
Mike Broderick -- Executive Vice President, Merchandising and Store Operations Support
Seth, this Mike Broderick. Good morning. We are looking at 50-50 from a direct versus non-direct. So that's kind of the number we're looking at and obviously what we do to mitigate starts with the customer, we actually review all four channels, both Pro, DIY, e-com and our Independents, making sure that we're relevant, we actually then price match versus our traditional and non-traditional customers. The last thing that we do is actually put pricing to the market only if we have to.
Seth Basham -- Wedbush Securities. -- Analyst
And that 50-50 direct indirect that's off of a percentage of COGS, total of -- of what?
Mike Broderick -- Executive Vice President, Merchandising and Store Operations Support
Yes. So, I would say that of our total COGS for the year, we're looking at about $4.5 billion (ph).
Seth Basham -- Wedbush Securities. -- Analyst
Okay. Alright, thank you.
Operator
Thank you. Our next question comes from the line of Daniel Imbro with Stephens, Inc. Your line is open.
Daniel Imbro -- Stephens, Inc. -- Analyst
Yes. Thanks, good morning. Just had a few follow-ups on the e-commerce front, you guys mentioned that over half of your online sales are still picked up in the store, but ship to home is obviously growing? How do you think that trends over time? Do you think we see further shift toward ship to home or do you think longer term that the service levels in the store keep a majority of online orders being picked up in the store?
Thomas R. Greco -- President and Chief Executive Officer
First of all, we modeled ship-to-home to grow faster, that's what we expect. That said, that's at an aggregate level. As we start to market pickup today which is -- which is a great benefit for the customer, rather than having to wait a day to have something shipped home, you can get to one of our stores in literally 30 minutes and pick-up the parts.
So we're going to start to market that a little bit more, Daniel. We think our own performance can continue to improve on the buy online pickup in store, which we're going to brand Pickup Today. So that whole opportunity and improving the online experience from the mobile phone right into our stores is a big opportunity for Advance. But at the industry level, we would expect ship-to-home to grow faster.
Daniel Imbro -- Stephens, Inc. -- Analyst
That's helpful. And then, a quick follow-up on the Walmart partnership. Specifically, how do you guys think about potential inventory impacts? To my understanding, customer could pick up at an AAP store or a Walmart store, but how do you plan on stocking that inventory? Will it be stocked at a Walmart or will you have to increase inventory on hand at a DC to fulfill those orders? Thanks.
Thomas R. Greco -- President and Chief Executive Officer
Well, we've obviously got a lot to learn through this arrangement with Walmart, and as I said earlier, some things are easier to do than others. So again, we're going to make sure that we delight the customer with this. That's very important to the Walmart team, it's very important to us.
So as we go through this, obviously Pickup Today, order at Advance, which is generated through the Walmart website is easier for us to manage. But keep in mind we've got thousands of delivery vehicles. So, our ability to essentially provide same-day service to Walmart stores, if they -- the customer decides they want to pick it up at a Walmart stores, we can enable that. We just need to get that right, ensure that the operating procedures are standardized. But all of -- the omni-channel experience that we're cultivating is all centered around the customer and making it easier for the customer. So we've got to make sure when that customer has the experience they're absolutely thrilled with it.
Daniel Imbro -- Stephens, Inc. -- Analyst
Thanks.
Operator
Thank you. I'm showing no further questions at this time. I would now like to turn the call back to Tom Greco for closing remarks.
Thomas R. Greco -- President and Chief Executive Officer
Well, thanks again for joining us today. We're really pleased with the traction we gained in the quarter and we're confident in our ability to execute our strategic objectives going forward. I want to, once again, thank all of our dedicated team members and our independent partners, for their focus on operational excellence and passion for customer's every day. We remain disciplined in our approach to ensure we're implementing changes that enable the long-term success of Advance and deliver sustainable value and growth for our shareholders.
We still have a lot of work to do and we remain focused on capturing the opportunity ahead. Before I conclude, with the celebration of Veterans Day this week, we'd like to express our sincere appreciation for all the members of our military for their service, including over 6,000 Advance team members. We're incredibly proud of the work we've done at Advance in support of our veterans and we remain committed to continue support of organizations such as Building Homes for Heroes who help improve the lives of our brave service men and women throughout the country. We look forward to discussing our fourth quarter results and 2019 outlook with you in February.
Operator
Ladies and gentlemen, thank you for participating in today's conference. This does conclude the program. You may all disconnect. Everyone have a great day.
Duration: 80 minutes
Call participants:
Elisabeth Eisleben -- Vice President, Investor Relations
Thomas R. Greco -- President and Chief Executive Officer
Jeffrey W. Shepherd -- Executive Vice President, Chief Financial Officer, Controller and Chief Accounting Officer
Michael Lasser -- UBS -- Analyst
Bret Jordan -- Jefferies LLC -- Analyst
Chris Horvers -- J.P. Morgan Securities, Inc. -- Analyst
Seth Sigman -- Credit Suisse -- Analyst
Simeon Gutman -- Morgan Stanley -- Analyst
Scot Ciccarelli -- RBC Capital Markets -- Analyst
Robert B. Cushing -- Executive Vice President, Professional
Kate McShane -- Citigroup Inc. -- Analyst
Matt McClintock -- Barclays Capital -- Analyst
Dan Wewer -- Raymond James & Associates, Inc. -- Analyst
Michael Baker -- Deutsche Bank Research -- Analyst
Gregory Melich -- MoffettNathanson, LLC -- Analyst
Jason Haas -- Bank of America Merrill Lynch -- Analyst
Brian Nagel -- Oppenheimer -- Analyst
Mike Broderick -- Executive Vice President, Merchandising and Store Operations Support
Chris Bottiglieri -- Wolfe Research. -- Analyst
Seth Basham -- Wedbush Securities. -- Analyst
Daniel Imbro -- Stephens, Inc. -- Analyst
More AAP analysis
Transcript powered by AlphaStreet
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability.
10 stocks we like better than Advance Auto Parts
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Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc (NYSE: AAP) Q3 2018 Earnings Conference Call Nov. 13, 2018 , 8:00 a.m. Additionally, our comments today include certain non-GAAP financial measures. Please refer to our quarterly press release and accompanying financial statements issued today for additional details regarding the forward-looking statements and reconciliations of these non-GAAP financial measures to the most comparable GAAP measures referenced in today's call.
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Advance Auto Parts Inc (NYSE: AAP) Q3 2018 Earnings Conference Call Nov. 13, 2018 , 8:00 a.m. Additionally, our comments today include certain non-GAAP financial measures. Please refer to our quarterly press release and accompanying financial statements issued today for additional details regarding the forward-looking statements and reconciliations of these non-GAAP financial measures to the most comparable GAAP measures referenced in today's call.
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Advance Auto Parts Inc (NYSE: AAP) Q3 2018 Earnings Conference Call Nov. 13, 2018 , 8:00 a.m. Additionally, our comments today include certain non-GAAP financial measures. Please refer to our quarterly press release and accompanying financial statements issued today for additional details regarding the forward-looking statements and reconciliations of these non-GAAP financial measures to the most comparable GAAP measures referenced in today's call.
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Advance Auto Parts Inc (NYSE: AAP) Q3 2018 Earnings Conference Call Nov. 13, 2018 , 8:00 a.m. Additionally, our comments today include certain non-GAAP financial measures. Please refer to our quarterly press release and accompanying financial statements issued today for additional details regarding the forward-looking statements and reconciliations of these non-GAAP financial measures to the most comparable GAAP measures referenced in today's call.
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11292.0
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2018-11-13 00:00:00 UTC
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Why General Electric, Advance Auto Parts, and Vodafone Jumped Today
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AAP
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https://www.nasdaq.com/articles/why-general-electric-advance-auto-parts-and-vodafone-jumped-today-2018-11-13
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The stock market went through some big swings on Tuesday, as the Dow Jones Industrial Average was up as much as 75 points and down as much as 200 before settling for a roughly 100-point decline. Major benchmarks initially bounced back from Monday's lows on hopes that the trade environment globally would improve, but stocks in the industrial manufacturing sector held the overall market back despite fairly good performance from technology stocks. Some companies saw particularly positive news lift their shares, and General Electric (NYSE: GE) , Advance Auto Parts (NYSE: AAP) , and Vodafone (NASDAQ: VOD) were among the best performers on the day. Here's why they did so well.
GE moves forward
Shares of General Electric climbed 8% after the industrial conglomerate announced that it would sell a portion of its stake in oil services company Baker Hughes (NYSE: BHGE) more quickly than previously anticipated. Originally, GE had committed to keeping its stake in Baker Hughes until mid-2019 under a lock-up agreement, but the two companies agreed to change those provisions. GE now expects to sell 101 million Baker Hughes shares in a secondary offering, with Baker Hughes also agreeing to repurchase 65 million shares from GE directly. The moves should raise about $4 billion in cash for General Electric, addressing bond-market concerns about the conglomerate's level of liquidity while still keeping majority control of the oil services company.
Advance makes a U-turn
Advance Auto Parts stock drove 10.5% higher in the wake of promising third-quarter results. The auto parts specialist saw comparable-store sales growth of 4.6%, its best showing in eight years, and adjusted earnings jumped by nearly a third on a per-share basis. CEO Tom Greco was happy with the progress that the company has made on its turnaround plan, and he announced boosts to full-year guidance for sales, comps, and free cash flow. Through a combination of stock repurchases, internal initiatives, and competitive drive, Advance Auto Parts has earned back investors' confidence in a big way.
Vodafone makes the call
Finally, shares of Vodafone picked up 8% . The British telecom giant reported its financial results for the first half of its fiscal year, which included a rise in adjusted earnings and planned dividends that are essentially unchanged from year-earlier payouts. Instead of returning more capital to shareholders, Vodafone will concentrate on cutting costs, with the goal of using proceeds to reduce debt that has crept up to uncomfortable levels recently. Moreover, even if dividends don't rise, the current payout implies a yield of almost 9% -- well above what most telecoms pay currently.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some companies saw particularly positive news lift their shares, and General Electric (NYSE: GE) , Advance Auto Parts (NYSE: AAP) , and Vodafone (NASDAQ: VOD) were among the best performers on the day. GE moves forward Shares of General Electric climbed 8% after the industrial conglomerate announced that it would sell a portion of its stake in oil services company Baker Hughes (NYSE: BHGE) more quickly than previously anticipated. CEO Tom Greco was happy with the progress that the company has made on its turnaround plan, and he announced boosts to full-year guidance for sales, comps, and free cash flow.
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Some companies saw particularly positive news lift their shares, and General Electric (NYSE: GE) , Advance Auto Parts (NYSE: AAP) , and Vodafone (NASDAQ: VOD) were among the best performers on the day. GE moves forward Shares of General Electric climbed 8% after the industrial conglomerate announced that it would sell a portion of its stake in oil services company Baker Hughes (NYSE: BHGE) more quickly than previously anticipated. GE now expects to sell 101 million Baker Hughes shares in a secondary offering, with Baker Hughes also agreeing to repurchase 65 million shares from GE directly.
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Some companies saw particularly positive news lift their shares, and General Electric (NYSE: GE) , Advance Auto Parts (NYSE: AAP) , and Vodafone (NASDAQ: VOD) were among the best performers on the day. Major benchmarks initially bounced back from Monday's lows on hopes that the trade environment globally would improve, but stocks in the industrial manufacturing sector held the overall market back despite fairly good performance from technology stocks. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
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Some companies saw particularly positive news lift their shares, and General Electric (NYSE: GE) , Advance Auto Parts (NYSE: AAP) , and Vodafone (NASDAQ: VOD) were among the best performers on the day. Through a combination of stock repurchases, internal initiatives, and competitive drive, Advance Auto Parts has earned back investors' confidence in a big way. The Motley Fool has no position in any of the stocks mentioned.
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11293.0
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2018-11-12 00:00:00 UTC
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AAP, HD Earnings on Nov 13: Here are the Key Predictions
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AAP
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https://www.nasdaq.com/articles/aap-hd-earnings-on-nov-13%3A-here-are-the-key-predictions-2018-11-12
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Advance Auto Parts, Inc. AAP and The Home Depot, Inc. HD fall under the broader broader Retail-Wholesale sector. The sector houses a varied range of industries such as Building Products, Automotive Parts, Apparel and Shoes, Retail-Miscellaneous, and more. With evolving shopping patterns, including customers' preference for online shopping over offline, retailers are now more focused on reinforcing omni-channel capabilities, particularly digital advancement.
Notably, the third-quarter earnings season is likely to be favorable for the Retail-Wholesale sector, particularly on the bottom-line front. Per the latest Earnings Preview , the sector's bottom line is expected to increase 23% year over year while sales are likely to grow 6.1%. Further, margins for the space are projected to inch up 0.7% year over year.
A glance at the sector's performance shows that about 50% of the 38 S&P 500 companies in the sector already reported their quarterly numbers as of Nov 9. Out of the 19 companies, 89.5% delivered earnings beat while 63.2% outpaced sales estimates. Further, earnings and revenues registered year-over-year improvement of 37.5% and 10.7%, respectively.
Advance Auto Parts and Home Depot are slated to report third-quarter earnings tomorrow. Here is a brief analysis:
How AAP is Expected to Perform
Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, is focusing on expansion through partnerships, increasing online presence and opening stores. Players in this industry are benefiting from higher demand for automobiles alongside new model launches and innovations in technology.
Advance Auto Parts is also undertaking initiatives to streamline its end-to-end supply chain. Moreover, the company is reaping benefits from enhanced online traffic, which is enabling it to offer an extensive portfolio of aftermarket auto parts, accessories and maintenance items to a larger customer base.
However, initiatives taken to improve the supply chain and other IT projects are resulting in increased capital investments for Advance Auto Parts, and in turn, weighing on its margins. (Read: Advance Auto Parts' Q3 Earnings: Is a Beat in Store? )
Advance Auto Parts, Inc. Price, Consensus and EPS Surprise
Advance Auto Parts, Inc. Price, Consensus and EPS Surprise | Advance Auto Parts, Inc. Quote
According to the Zacks model, Advance Auto Parts is likely to beat estimates in the third quarter of 2018. This is because our research shows that the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) with a positive Earnings ESP increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Advance Auto Parts' Earnings ESP of +0.74% and a Zacks Rank #2 make us reasonably confident of an earnings beat in the upcoming release.
You can see the complete list of today's Zacks #1 Rank stocks here .
How HD is Likely to Perform
Home Depot, which falls under the Zacks Building Products - Retail industry, is expected to gain from its focus on Pro Customers, strength in core business and a disciplined capital strategy. In fact, players in this industry are expected to gain from consistent efforts to boost interconnected strategies, marketing strategies and business operations. Companies in this space are focusing on technological advancements, better interpreting customers' needs, and meeting their demands conveniently and quickly.
Home Depot remains keen on building interconnected capabilities by upgrading its digital assets in order to provide a more seamless experience to customers. Management also plans to accelerate investments in the next three years to boost customers' experience and shareholder value. Further, the company is continually developing and rolling out delivery capabilities. These initiatives are likely to boost the company's third-quarter fiscal 2018 results. (Read: Is Home Depot Poised to Beat Earnings Estimates in Q3? )
However, commodity cost inflation in various categories, including rising raw material and transportation costs, as well as recently enacted tariffs, are likely to put pressure on margins.
The Home Depot, Inc. Price, Consensus and EPS Surprise
The Home Depot, Inc. Price, Consensus and EPS Surprise | The Home Depot, Inc. Quote
Home Depot has a Zacks Rank #3, which increases the predictive power of earnings beat. However, the company's Earnings ESP of -1.94% makes surprise prediction difficult.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
The Home Depot, Inc. (HD): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP and The Home Depot, Inc. HD fall under the broader broader Retail-Wholesale sector. Here is a brief analysis: How AAP is Expected to Perform Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, is focusing on expansion through partnerships, increasing online presence and opening stores. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The Home Depot, Inc. (HD): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The Home Depot, Inc. (HD): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP and The Home Depot, Inc. HD fall under the broader broader Retail-Wholesale sector. Here is a brief analysis: How AAP is Expected to Perform Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, is focusing on expansion through partnerships, increasing online presence and opening stores.
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The Home Depot, Inc. (HD): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP and The Home Depot, Inc. HD fall under the broader broader Retail-Wholesale sector. Here is a brief analysis: How AAP is Expected to Perform Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, is focusing on expansion through partnerships, increasing online presence and opening stores.
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Advance Auto Parts, Inc. AAP and The Home Depot, Inc. HD fall under the broader broader Retail-Wholesale sector. Here is a brief analysis: How AAP is Expected to Perform Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, is focusing on expansion through partnerships, increasing online presence and opening stores. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The Home Depot, Inc. (HD): Free Stock Analysis Report To read this article on Zacks.com click here.
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11294.0
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2018-11-12 00:00:00 UTC
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Pre-Market Earnings Report for November 13, 2018 : HD, TSN, AAP, ARMK, CAE, EYE, GDS, EPC, OPTN, MGIC, ALBO, BZH
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-november-13-2018-hd-tsn-aap-armk-cae-eye-gds-epc-optn-mgic-albo
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The following companies are expected to report earnings prior to market open on 11/13/2018. Visit our Earnings Calendar for a full list of expected earnings releases.
Home Depot, Inc. ( HD ) is reporting for the quarter ending October 31, 2018. The building company's consensus earnings per share forecast from the 15 analysts that follow the stock is $2.27. This value represents a 23.37% increase compared to the same quarter last year. In the past year HD has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 7.39%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for HD is 19.46 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Tyson Foods, Inc. ( TSN ) is reporting for the quarter ending September 30, 2018. The meat product company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.33. This value represents a 6.99% decrease compared to the same quarter last year. TSN missed the consensus earnings per share in the 1st calendar quarter of 2018 by -3.79%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for TSN is 10.49 vs. an industry ratio of 22.20.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2018. The wholesale retail company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.76. This value represents a 23.08% increase compared to the same quarter last year. In the past year AAP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 6.49%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAP is 24.52 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Aramark ( ARMK ) is reporting for the quarter ending September 30, 2018. The food company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.67. This value represents a 34.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ARMK is 17.89 vs. an industry ratio of 7.20, implying that they will have a higher earnings growth than their competitors in the same industry.
CAE Inc ( CAE ) is reporting for the quarter ending September 30, 2018. The aerospace and defense company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.17. This value represents a no change for the same quarter last year. Zacks Investment Research reports that the 2019 Price to Earnings ratio for CAE is 19.64 vs. an industry ratio of 27.60.
National Vision Holdings, Inc. ( EYE ) is reporting for the quarter ending September 30, 2018. The medical products company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.13. This value represents a 44.44% increase compared to the same quarter last year. EYE missed the consensus earnings per share in the 1st calendar quarter of 2018 by -12.5%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for EYE is 66.44 vs. an industry ratio of -28.70, implying that they will have a higher earnings growth than their competitors in the same industry.
GDS Holdings Limited ( GDS ) is reporting for the quarter ending September 30, 2018. The technology services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.11. This value represents a 21.43% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for GDS is -58.05 vs. an industry ratio of -1.70.
Energizer Holdings, Inc. ( EPC ) is reporting for the quarter ending September 30, 2018. The consumer company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.08. This value represents a 8.00% increase compared to the same quarter last year. EPC missed the consensus earnings per share in the 4th calendar quarter of 2017 by -64.91%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for EPC is 13.47 vs. an industry ratio of 19.20.
OptiNose, Inc. ( OPTN ) is reporting for the quarter ending September 30, 2018. The drug company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.68. This value represents a 83.92% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 27 days. Zacks Investment Research reports that the 2018 Price to Earnings ratio for OPTN is -3.70 vs. an industry ratio of -16.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Magic Software Enterprises Ltd. ( MGIC ) is reporting for the quarter ending September 30, 2018. The computer software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.16. This value represents a 33.33% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for MGIC is 14.50 vs. an industry ratio of 103.90.
Albireo Pharma, Inc. ( ALBO ) is reporting for the quarter ending September 30, 2018. The biomedical (gene) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.97. This value represents a 32.88% decrease compared to the same quarter last year. The last two quarters ALBO had negative earnings surprises; the latest report they missed by -24.49%. The "days to cover" for this stock exceeds 14 days. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ALBO is -7.62 vs. an industry ratio of -5.80.
Beazer Homes USA, Inc. ( BZH ) is reporting for the quarter ending September 30, 2018. The building (residential/commercial) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.94. This value represents a 5.05% decrease compared to the same quarter last year. In the past year BZH has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 5.13%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for BZH is 4.94 vs. an industry ratio of 1.70, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2018. In the past year AAP has beat the expectations every quarter. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAP is 24.52 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAP is 24.52 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry. Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2018. In the past year AAP has beat the expectations every quarter.
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Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAP is 24.52 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry. Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2018. In the past year AAP has beat the expectations every quarter.
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In the past year AAP has beat the expectations every quarter. Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAP is 24.52 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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11295.0
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2018-11-10 00:00:00 UTC
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Advance Auto Parts reports earnings November 13
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-reports-earnings-november-13-2018-11-10
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What's Happening
Advance Auto Parts ( AAP ) reports third-quarter numbers November 13. The company will report before the market open, with the consensus calling for earnings of $1.76 for the quarter. During the same period last year the company earned $1.43 and the stock has been a strong performer in 2018 with shares appreciating 64.3% year to date.
Technical Analysis
AAP was recently trading at $174.35 down $0.36 from its 12-month high and $95.21 above its 12-month low. InvestorsObserver's Stock Score Report gives AAP a 96 long-term technical score and a 99 short-term technical score. The stock has recent support above $160 and recent resistance below $173.50. Of the 18 analysts who cover the stock 9 rate it Strong Buy, 1 rate it Buy, 8 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, AAP gets a score of 81 from InvestorsObserver's Stock Score Report.
Analyst's Thoughts
AAP has been a standout stock in 2018. Shares are up nearly 65% on the year, and the stock experienced minimal selling pressure in October as the overall market corrected. AAP's ability to maintain strength even as the broader market trended lower is a testament to just how bullish traders are in the stock at this time. The company has posted big earnings beats the last four quarters, and while the street expects another beat this quarter, it has a whisper number of $1.77 which is just a penny above the consensus.
After a tough stretch that saw the company's earnings fall 0.9% per annum over the last five years, Advance Auto is now moving in the right direction with earnings expected to rise by 29% during the current year and by 17.8% per annum over the next five years. The recent gains have lifted the stock's valuation a little higher than I would like to see with a forward P/E of 21.4, but if the company is able to continue to show the earnings growth that the market expects the valuation is fine and should not prevent AAP from building on recent gains, especially if we see more quarters with big earnings beats like we have the last four quarters. Analysts have an average price target of $176, which is basically in-line with the current $174.35 trading price, but you can expect to see those estimates revised upwards should the company post a strong set of quarterly numbers.
Stock Only Trade
If you're looking to establish a long stock position in AAP consider buying the stock under $174. Sell if it falls below $161 or take profits if it gets to $200.
Bullish Trade
If you want a bullish hedged trade on the stock, consider a 12/21/18 150/155 bull-put credit spread for a $0.60 credit. That's a potential 13.6% return (118% annualized*) and the stock would have to fall 11.4% to cause a problem.
Bearish Trade
If you want to take a bearish stance on the stock at this time, consider an 12/21/18 195/200 bear-call credit spread for a $0.60 credit. That's a potential 13.6% return (118% annualized*) and the stock would have to rise 12.3% to cause a problem.
Covered Call Trade
If you like the stock but wish to lower your cost basis on a new position, you may want to consider a 12/21/18 $175 covered call. Buy AAP shares (typically 100 shares, scale as appropriate), while selling the 12/21/18 $175 call for a debit of $165.35, per share. The trade has a target assigned return of 5.8%, and a target annualized return of 50.7% (for comparison purposes only).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Originally published on InvestorsObserver.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP's ability to maintain strength even as the broader market trended lower is a testament to just how bullish traders are in the stock at this time. The recent gains have lifted the stock's valuation a little higher than I would like to see with a forward P/E of 21.4, but if the company is able to continue to show the earnings growth that the market expects the valuation is fine and should not prevent AAP from building on recent gains, especially if we see more quarters with big earnings beats like we have the last four quarters. What's Happening Advance Auto Parts ( AAP ) reports third-quarter numbers November 13.
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InvestorsObserver's Stock Score Report gives AAP a 96 long-term technical score and a 99 short-term technical score. Of the 18 analysts who cover the stock 9 rate it Strong Buy, 1 rate it Buy, 8 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, AAP gets a score of 81 from InvestorsObserver's Stock Score Report. What's Happening Advance Auto Parts ( AAP ) reports third-quarter numbers November 13.
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Of the 18 analysts who cover the stock 9 rate it Strong Buy, 1 rate it Buy, 8 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, AAP gets a score of 81 from InvestorsObserver's Stock Score Report. The recent gains have lifted the stock's valuation a little higher than I would like to see with a forward P/E of 21.4, but if the company is able to continue to show the earnings growth that the market expects the valuation is fine and should not prevent AAP from building on recent gains, especially if we see more quarters with big earnings beats like we have the last four quarters. Stock Only Trade If you're looking to establish a long stock position in AAP consider buying the stock under $174.
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Buy AAP shares (typically 100 shares, scale as appropriate), while selling the 12/21/18 $175 call for a debit of $165.35, per share. What's Happening Advance Auto Parts ( AAP ) reports third-quarter numbers November 13. Technical Analysis AAP was recently trading at $174.35 down $0.36 from its 12-month high and $95.21 above its 12-month low.
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11296.0
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2018-11-09 00:00:00 UTC
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What Makes Advance Auto Parts (AAP) a Strong Momentum Stock: Buy Now?
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AAP
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https://www.nasdaq.com/articles/what-makes-advance-auto-parts-aap-a-strong-momentum-stock%3A-buy-now-2018-11-09
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nan
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Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores , helps address this issue for us.
Below, we take a look at Advance Auto Parts (AAP) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Advance Auto Parts currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for AAP that show why this auto parts retailer shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For AAP, shares are up 0.27% over the past week while the Zacks Automotive - Retail and Wholesale - Parts industry is down 0.26% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7.09% compares favorably with the industry's 2.04% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Advance Auto Parts have increased 8.13% over the past quarter, and have gained 114.36% in the last year. In comparison, the S&P 500 has only moved -1.24% and 10.21%, respectively.
Investors should also take note of AAP's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, AAP is averaging 1,278,076 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with AAP.
Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost AAP's consensus estimate, increasing from $6.94 to $6.97 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that AAP is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Advance Auto Parts on your short list.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For AAP, shares are up 0.27% over the past week while the Zacks Automotive - Retail and Wholesale - Parts industry is down 0.26% over the same time period. Below, we take a look at Advance Auto Parts (AAP) , a company that currently holds a Momentum Style Score of B. Let's discuss some of the components of the Momentum Style Score for AAP that show why this auto parts retailer shows promise as a solid momentum pick.
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Let's discuss some of the components of the Momentum Style Score for AAP that show why this auto parts retailer shows promise as a solid momentum pick. Below, we take a look at Advance Auto Parts (AAP) , a company that currently holds a Momentum Style Score of B. For AAP, shares are up 0.27% over the past week while the Zacks Automotive - Retail and Wholesale - Parts industry is down 0.26% over the same time period.
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Below, we take a look at Advance Auto Parts (AAP) , a company that currently holds a Momentum Style Score of B. Let's discuss some of the components of the Momentum Style Score for AAP that show why this auto parts retailer shows promise as a solid momentum pick. For AAP, shares are up 0.27% over the past week while the Zacks Automotive - Retail and Wholesale - Parts industry is down 0.26% over the same time period.
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Investors should also take note of AAP's average 20-day trading volume. Right now, AAP is averaging 1,278,076 shares for the last 20 days. Below, we take a look at Advance Auto Parts (AAP) , a company that currently holds a Momentum Style Score of B.
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11297.0
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2018-11-09 00:00:00 UTC
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Advance Auto Parts (AAP) Soars to 52-Week High, Time to Cash Out?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-soars-to-52-week-high-time-to-cash-out-2018-11-09
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nan
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Have you been paying attention to shares of Advance Auto Parts (AAP)? Shares have been on the move with the stock up 7.1% over the past month. The stock hit a new 52-week high of $173.69 in the previous session. Advance Auto Parts has gained 73% since the start of the year compared to the 9.9% move for the Zacks Retail-Wholesale sector and the 30% return for the Zacks Automotive - Retail and Wholesale - Parts industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on August 14, 2018, Advance Auto Parts reported EPS of $1.97 versus consensus estimate of $1.85 while it beat the consensus revenue estimate by 2.7%.
For the current fiscal year, Advance Auto Parts is expected to post earnings of $6.97 per share on $9.5 billion in revenues. This represents a 29.8% change in EPS on a 1.33% change in revenues. For the next fiscal year, the company is expected to earn $8.13 per share on $9.68 billion in revenues. This represents a year-over-year change of 16.66% and 1.87%, respectively.
Valuation Metrics
Advance Auto Parts may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Advance Auto Parts has a Value Score of C. The stock's Growth and Momentum Scores are A and B, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 24.7X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 19.7X versus its peer group's average of 14.2X. Additionally, the stock has a PEG ratio of 2.01. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Advance Auto Parts currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Advance Auto Parts meets the list of requirements. Thus, it seems as though Advance Auto Parts shares could have a bit more room to run in the near term.
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
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Have you been paying attention to shares of Advance Auto Parts (AAP)? Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. For the current fiscal year, Advance Auto Parts is expected to post earnings of $6.97 per share on $9.5 billion in revenues.
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Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Have you been paying attention to shares of Advance Auto Parts (AAP)? In its last earnings report on August 14, 2018, Advance Auto Parts reported EPS of $1.97 versus consensus estimate of $1.85 while it beat the consensus revenue estimate by 2.7%.
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Have you been paying attention to shares of Advance Auto Parts (AAP)? Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts has gained 73% since the start of the year compared to the 9.9% move for the Zacks Retail-Wholesale sector and the 30% return for the Zacks Automotive - Retail and Wholesale - Parts industry.
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Have you been paying attention to shares of Advance Auto Parts (AAP)? Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. In its last earnings report on August 14, 2018, Advance Auto Parts reported EPS of $1.97 versus consensus estimate of $1.85 while it beat the consensus revenue estimate by 2.7%.
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11298.0
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2018-11-09 00:00:00 UTC
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Magna (MGA) Beats Q3 Earnings Estimates, Lowers Guidance
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AAP
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https://www.nasdaq.com/articles/magna-mga-beats-q3-earnings-estimates-lowers-guidance-2018-11-09
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nan
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Magna International Inc.MGA delivered third-quarter 2018 adjusted earnings per share of $1.56, beating the Zacks Consensus Estimate of $1.49. Further, the bottom line came in higher than the year-ago figure of $1.39.
Revenues increased 9% year over year to $9.6 billion. However, the top line missed the Zacks Consensus Estimate of $9.8 billion. The quarter witnessed light vehicle production rise 4% in North America while remaining unchanged in Europe.
Moreover, adjusted EBIT declined to 699 million from the year-ago figure of $705 million.
Magna International Inc. Price, Consensus and EPS Surprise
Magna International Inc. Price, Consensus and EPS Surprise | Magna International Inc. Quote
Segment Performances
Revenues at the Body Exteriors & Structures segment was $4.2 billion in the reported quarter compared with $4 billion recorded in third-quarter 2017. Moreover, adjusted EBIT rose 5.2% year over year to $322 million.
Revenues at the Power & Vision segment totaled $2.9 billion in comparison with $2.8 billion recorded in the prior-year quarter. Adjusted EBIT declined 3.4% year over year to $258 million.
Revenues at the Seating Systems segment totaled $1.22 billion compared, almost flat year over year. Adjusted EBIT declined 27.4% year over year to $69 million.
Revenues from the Complete Vehicles segment increased to $1.39 billion in the quarter under review from $938 million in third-quarter 2017. Adjusted EBIT rose 41.2% year over year to $24 million.
Financials
Magna had $884 million of cash and cash equivalents as of Sep 30, 2018, compared with $726 million as of Dec 31, 2017. The company had long-term debt of $3.1 billion as of Sep 30, 2018, compared with $3.2 billion recorded on Dec 31, 2017.
At the end of third-quarter 2018, Magna's cash flow from operations was $1.08 billion in comparison with $882 million recorded in the third quarter of the prior year.
Capital Deployment
The company's board of directors has announced a quarterly dividend of 33 cents per share for the third quarter. This dividend will be paid on Dec 7, 2018, to shareholders of record as of Nov 23, 2018.
During the reported quarter, Magna repurchased 9.2 million shares for $520 million.
2018 Outlook
Magna lowered 2018 outlook to take into account lower light vehicle production, lower equity earnings in European transmission joint venture and higher costs in Body Exteriors & Structures segment. For 2018, the company anticipates light-vehicle production in North America of around 17 million units, marking a decline from the previous anticipation of 17.2 million. For Europe, it is expected to be 22.5 million units, down the prior guidance of 22.6 million units.
Moreover, Magna expects total sales of $40.3-$41.4 billion compared with the prior expectation of $40.3-$42.5 billion. The anticipation for total sales includes projected sales for Body Exteriors & Structures, Power & Vision, Seating Systems and Complete Vehicle, each in the band of $17.3-$17.7 billion, $12.3-$12.6 billion, $5.4-$5.6 billion and $5.9-$6.1 billion, respectively.
Zacks Rank & Stocks to Consider
Magna currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO . While Allison Transmission Holdings sports a Zacks Rank #1 (Strong Buy), both Advance Auto Parts and AutoZone carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Allison Transmission has an expected long-term growth rate of 10%. Over the past six months, shares of the company have surged 11.4%.
Advance Auto Parts has an expected long-term growth rate of 12.3%. Over the past six months, shares of the company have risen 47.6%.
AutoZone has an expected long-term growth rate of 12.2%. Over the past six months, shares of the company have risen 22%.
The Hottest Tech Mega-Trend of All
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See Zacks' 3 Best Stocks to Play This Trend >>
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AutoZone, Inc. (AZO): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report
Magna International Inc. (MGA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO . Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report To read this article on Zacks.com click here. Magna International Inc.MGA delivered third-quarter 2018 adjusted earnings per share of $1.56, beating the Zacks Consensus Estimate of $1.49.
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Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO . Magna International Inc. Price, Consensus and EPS Surprise Magna International Inc. Price, Consensus and EPS Surprise | Magna International Inc. Quote Segment Performances Revenues at the Body Exteriors & Structures segment was $4.2 billion in the reported quarter compared with $4 billion recorded in third-quarter 2017.
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Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO . Magna International Inc. Price, Consensus and EPS Surprise Magna International Inc. Price, Consensus and EPS Surprise | Magna International Inc. Quote Segment Performances Revenues at the Body Exteriors & Structures segment was $4.2 billion in the reported quarter compared with $4 billion recorded in third-quarter 2017.
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A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN , Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO . Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report To read this article on Zacks.com click here. The company had long-term debt of $3.1 billion as of Sep 30, 2018, compared with $3.2 billion recorded on Dec 31, 2017.
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11299.0
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2018-11-09 00:00:00 UTC
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AutoZone (AZO) Soars to 52-Week High, Time to Cash Out?
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AAP
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https://www.nasdaq.com/articles/autozone-azo-soars-to-52-week-high-time-to-cash-out-2018-11-09
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nan
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nan
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Have you been paying attention to shares of AutoZone (AZO)? Shares have been on the move with the stock up 3.9% over the past month. The stock hit a new 52-week high of $802.22 in the previous session. AutoZone has gained 12.3% since the start of the year compared to the 9.9% move for the Zacks Retail-Wholesale sector and the 30% return for the Zacks Automotive - Retail and Wholesale - Parts industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on September 18, 2018, AutoZone reported EPS of $18.54 versus consensus estimate of $17.88 while it missed the consensus revenue estimate by 0.76%.
For the current fiscal year, AutoZone is expected to post earnings of $58.44 per share on $11.77 billion in revenues. This represents a 16.09% change in EPS on a 4.87% change in revenues. For the next fiscal year, the company is expected to earn $62.21 per share on $11.98 billion in revenues. This represents a year-over-year change of 6.45% and 1.82%, respectively.
Valuation Metrics
AutoZone may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
AutoZone has a Value Score of B. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 13.7X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 12.2X versus its peer group's average of 14.2X. Additionally, the stock has a PEG ratio of 1.12. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, AutoZone currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if AutoZone fits the bill. Thus, it seems as though AutoZone shares could still be poised for more gains ahead.
How Does AutoZone Stack Up to the Competition?
Shares of AutoZone have been moving higher, and the company still appears to be a decent choice, but what about the rest of the industry? Some of its industry peers are also looking good, including Advance Auto Parts (AAP), Burlington Stores (BURL), and Stamps.com (STMP), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices.
The Zacks Industry Rank is in the top 5% of all the industries we have in our universe, so it looks like there are some nice tailwinds for AutoZone, even beyond its own solid fundamental situation.
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
AutoZone, Inc. (AZO): Free Stock Analysis Report
Stamps.com Inc. (STMP): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Burlington Stores, Inc. (BURL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some of its industry peers are also looking good, including Advance Auto Parts (AAP), Burlington Stores (BURL), and Stamps.com (STMP), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices. Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Stamps.com Inc. (STMP): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report To read this article on Zacks.com click here. A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
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Some of its industry peers are also looking good, including Advance Auto Parts (AAP), Burlington Stores (BURL), and Stamps.com (STMP), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices. Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Stamps.com Inc. (STMP): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report To read this article on Zacks.com click here. In its last earnings report on September 18, 2018, AutoZone reported EPS of $18.54 versus consensus estimate of $17.88 while it missed the consensus revenue estimate by 0.76%.
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Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Stamps.com Inc. (STMP): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report To read this article on Zacks.com click here. Some of its industry peers are also looking good, including Advance Auto Parts (AAP), Burlington Stores (BURL), and Stamps.com (STMP), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices. Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front.
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Some of its industry peers are also looking good, including Advance Auto Parts (AAP), Burlington Stores (BURL), and Stamps.com (STMP), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices. Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Stamps.com Inc. (STMP): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report To read this article on Zacks.com click here. In its last earnings report on September 18, 2018, AutoZone reported EPS of $18.54 versus consensus estimate of $17.88 while it missed the consensus revenue estimate by 0.76%.
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