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11500.0
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2017-11-13 00:00:00 UTC
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Pre-Market Earnings Report for November 14, 2017 : ECC, HD, TJX, LNG, ARMK, AAP, IGT, DKS, KLIC, SSYS, MGIC, DQ
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-november-14-2017-ecc-hd-tjx-lng-armk-aap-igt-dks-klic-ssys-mgic
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nan
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nan
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The following companies are expected to report earnings prior to market open on 11/14/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Eagle Point Credit Company Inc. ( ECC ) is reporting for the quarter ending September 30, 2017. The finance/investment management company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.50. This value represents a 7.41% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ECC is 8.93 vs. an industry ratio of 14.50.
Home Depot, Inc. ( HD ) is reporting for the quarter ending October 31, 2017. The building company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.81. This value represents a 13.13% 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 1.81%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for HD is 22.42 vs. an industry ratio of 17.00, implying that they will have a higher earnings growth than their competitors in the same industry.
TJX Companies, Inc. ( TJX ) is reporting for the quarter ending October 31, 2017. The discount retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.00. This value represents a 9.89% increase compared to the same quarter last year. In the past year TJX has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.19%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for TJX is 17.87 vs. an industry ratio of 16.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Cheniere Energy, Inc. ( LNG ) is reporting for the quarter ending September 30, 2017. The consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.16. LNG reported earnings of $-0.41 per share for the same quarter a year ago; representing a a decrease of -60.98%.
Aramark ( ARMK ) is reporting for the quarter ending September 30, 2017. The food company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.52. This value represents a 13.04% increase compared to the same quarter last year. In the past year ARMK has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ARMK is 24.11 vs. an industry ratio of 14.40, 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, 2017. The wholesale retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.22. This value represents a 29.48% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 15.77 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry.
International Game Technology ( IGT ) is reporting for the quarter ending September 30, 2017. The gaming company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.24. This value represents a 46.67% decrease compared to the same quarter last year. The last two quarters IGT had negative earnings surprises; the latest report they missed by -53.13%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for IGT is 21.25 vs. an industry ratio of 14.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Dick's Sporting Goods Inc ( DKS ) is reporting for the quarter ending October 31, 2017. The retail company's consensus earnings per share forecast from the 15 analysts that follow the stock is $0.26. This value represents a 45.83% decrease compared to the same quarter last year. DKS missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -4%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DKS is 9.32 vs. an industry ratio of 17.50.
Kulicke and Soffa Industries, Inc. ( KLIC ) is reporting for the quarter ending September 30, 2017. The electrical manufacturing company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.36. This value represents a 140.00% increase compared to the same quarter last year. In the past year KLIC has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 47.62%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for KLIC is 17.12 vs. an industry ratio of -109.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Stratasys, Ltd. ( SSYS ) is reporting for the quarter ending September 30, 2017. The computer paraphernalia company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.04. This value represents a 50.00% increase compared to the same quarter last year. In the past year SSYS has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for SSYS is 340.50 vs. an industry ratio of 44.70, 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, 2017. The computer software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.15. This value represents a 25.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for MGIC is 15.18 vs. an industry ratio of 58.90.
DAQO New Energy Corp. ( DQ ) is reporting for the quarter ending September 30, 2017. The chemical company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.41. This value represents a 18.49% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DQ is 6.46 vs. an industry ratio of 11.90.
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, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 15.77 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry. The discount retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.00.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 15.77 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2018 Price to Earnings ratio for HD is 22.42 vs. an industry ratio of 17.00, 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 September 30, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 15.77 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2018 Price to Earnings ratio for HD is 22.42 vs. an industry ratio of 17.00, 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 September 30, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 15.77 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year HD has beat the expectations every quarter.
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11501.0
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2017-11-11 00:00:00 UTC
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Advance Auto Parts reports Q3 numbers November 14
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-reports-q3-numbers-november-14-2017-11-11
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nan
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nan
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What's Happening
Auto parts retailer Advance Auto Parts ( AAP ) has had a tough year, with shares down 53.0% on the year. The company will report its third-quarter numbers November 14, with the consensus calling for earnings of $0.85 per share, down from $1.73 during the same period last year.
Technical Analysis
AAP was recently trading at $80.12, down $97.71 from its 12-month high and just $1.31 above its 12-month low. Technical indicators for AAP are bearish and the stock is in a strong downward trend. The stock has recent support above $78.80 and has recent resistance below $83.25. Of the 20 analysts who cover the stock, seven rate it a "strong buy", two rate it a "buy", eight rate it a "hold", one rates it a "sell", and two rate it a "strong sell". AAP gets a score of 31 from InvestorsObserver's Stock Score Report.
Analyst's Thoughts
AAP stock has been falling steadily over the last year, as earnings have been on the decline. Earnings are forecast to drop 27.8% during the current year before rising 18.4% in 2018. With the recent weakness in the stock, the AAP now has a P/E of just 16.3, which is attractive, but given the forecast earnings drop the valuation alone will not prevent more downside should the company's quarterly numbers disappoint. Not only have earnings been falling, the company has missed estimates each of the last three quarters, and another earnings miss would drive shares even lower. The street is not very optimistic for the recent quarter, with a whisper number of $1.22 per share, which is in-line with the consensus. If actual results are better than expected the stock should enjoy a big bounce, but any sign of weakness will lead to additional losses in the stock, so shareholders should have a clear exit strategy in place just in case the results are lower than expected.
Stock Only Trade
Given the overall pessimism in the stock, I would not suggest a stock-only trade on AAP at the current time.
Bullish Trade
If you want to set up a bullish hedged trade on AAP, consider a January 60/65 bull-put credit spread for a 45-cent credit. That's a potential 9.9% return (51.6% annualized*) and the stock would have to fall 18.3% to cause a problem.
Bearish Trade
If you want to take a bearish stance on the stock at this time, consider a January 100/105 bear-call credit spread for a 40-cent credit. That's a potential 8.7% return (45.3% annualized*) and the stock would have to rise 25.3% 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 January $75.00 covered call. Buy AAP shares (typically 100 shares, scale as appropriate), while selling the January $75.00 call for a debit of $70.10 per share. The trade has a target assigned return of 7.0%, and a target annualized return of 36.8% (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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With the recent weakness in the stock, the AAP now has a P/E of just 16.3, which is attractive, but given the forecast earnings drop the valuation alone will not prevent more downside should the company's quarterly numbers disappoint. What's Happening Auto parts retailer Advance Auto Parts ( AAP ) has had a tough year, with shares down 53.0% on the year. Technical Analysis AAP was recently trading at $80.12, down $97.71 from its 12-month high and just $1.31 above its 12-month low.
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What's Happening Auto parts retailer Advance Auto Parts ( AAP ) has had a tough year, with shares down 53.0% on the year. Technical Analysis AAP was recently trading at $80.12, down $97.71 from its 12-month high and just $1.31 above its 12-month low. Technical indicators for AAP are bearish and the stock is in a strong downward trend.
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With the recent weakness in the stock, the AAP now has a P/E of just 16.3, which is attractive, but given the forecast earnings drop the valuation alone will not prevent more downside should the company's quarterly numbers disappoint. Stock Only Trade Given the overall pessimism in the stock, I would not suggest a stock-only trade on AAP at the current time. What's Happening Auto parts retailer Advance Auto Parts ( AAP ) has had a tough year, with shares down 53.0% on the year.
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Buy AAP shares (typically 100 shares, scale as appropriate), while selling the January $75.00 call for a debit of $70.10 per share. What's Happening Auto parts retailer Advance Auto Parts ( AAP ) has had a tough year, with shares down 53.0% on the year. Technical Analysis AAP was recently trading at $80.12, down $97.71 from its 12-month high and just $1.31 above its 12-month low.
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11502.0
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2017-11-02 00:00:00 UTC
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Auto Stock Roundup: Honda, Autoliv, Goodyear, Cummins Top Earnings, Tesla Misses
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-honda-autoliv-goodyear-cummins-top-earnings-tesla-misses-2017-11-02
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nan
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nan
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Last week saw several a number of auto companies reporting results for the quarter ending on Sep 30, 2017. Two important companies which came up with results in the past week are Honda Motor Co., Ltd. HMC and Tesla, Inc. TSLA . While Honda registered better-than-expected earnings, Tesla's loss per share was wider than the Zacks Consensus Estimate.
Tesla fell short of its third-quarter 2017 production goals of the new and affordable Model 3 sedan. This indicates that production has not been as smooth as anticipated. However, in its third-quarter results, the company has somewhat moderated its target production of Model 3.
On the other hand, auto companies which reported better-than-expected earnings are Autoliv, Inc. ALV , The Goodyear Tire & Rubber Company GT and Cummins Inc. CMI .
(Read the previous roundup here: Auto Stock Roundup for Oct 26, 2017 )
Recap of the Week's Most Important Stories
1. Autoliv reported adjusted earnings of $1.47 per share in third-quarter 2017, beating the Zacks Consensus Estimate of $1.33. However, the bottom line came in 9.8% lower than the prior-year quarter figure.
During the quarter, Autoliv reported net sales of $2.5 billion, reflecting an increase of 1.6% year over year. Also, the top line came in slightly higher than the Zacks Consensus Estimate of $2.49 billion.
Operating income decreased 17% to $158.7 million from $191.1 million in the year-ago quarter. Adjusted operating margin was 7.9% in the reported quarter, lower than the prior-year quarter figure of 8.1% (read more: Autoliv Q3 Earnings Breeze Past Estimates, Down Y/Y ).
Currently, Autoliv has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
2. Goodyear Tire & Rubber reported 39.3% decrease in adjusted earnings per share to 71 cents in third-quarter 2017 compared with $1.17 registered a year ago. However, the bottom line surpassed the Zacks Consensus Estimate of 67 cents. Adjusted net income declined to $177 million from $310 million in third-quarter 2016.
Revenues in the reported quarter were $3.92 billion, marginally ahead of the Zacks Consensus Estimate of $3.91 billion. The top line also comfortably increased from $3.85 billion registered a year ago.
Tire unit volumes were 39.8 million, declining 5% from 2016. Replacement tire shipments fell 4%, while original equipment unit volume dipped 9% year over year due to lower volume sales.
Segment operating income dropped to $357 million in the reported quarter from $556 million a year ago (read more: Goodyear Q3 Earnings Beat Estimates, Down 39.3% Y/Y ).
Goodyear Tire & Rubber Company has a Zacks Rank #5 (Strong Sell).
3. Cummins reported earnings of $2.71 per share in the third quarter of 2017, increasing from $2.02 in the year-ago quarter. Also, the bottom line surpassed the Zacks Consensus Estimate of $2.47.
Net income came in at $453 million compared with $289 million in the third quarter of 2016.
Revenues improved 26.2% year over year to $5.29 billion in the reported quarter. This figure also outpaced the Zacks Consensus Estimate of $4.79 billion. The year-over-year increase was due to growth in demand for trucks and construction equipment in North America and China. Moreover, demand for products from global mining customers also increased.
Operating income increased to $629 million from $384 million a year ago. Earnings before interest and taxes (EBIT) were $640 million (12.1% of sales) compared with $398 million (9.5% of sales) a year ago (read more: Cummins Q3 Earnings Beat Estimates, Outlook Raised ).
Currently, Cummins has a Zacks Rank #2.
4. Honda reported consolidated income of ¥174 billion ($1.54 billion) or ¥96.6 per share (86 cents per ADR) in the second quarter of fiscal 2018 (ended Sep 30, 2017). Earnings per share surpassed the Zacks Consensus Estimate of 49 cents.
Consolidated sales revenues increased 15.7% year over year to ¥3.78 trillion ($33.5 billion). The figure surpassed the Zacks Consensus Estimate of $31.4 billion. The year-over-year increase can be attributed to higher revenues in all business operations and a positive foreign currency conversion effects.
Consolidated operating profit amounted to ¥152.9 billion ($1.36 billion), reflecting a decrease of 32.9% from the prior-year quarter. The decline was due to the loss pertaining to the settlement of litigation and the reverse impact of pension plan amendment. These factors were offset by lower selling, general and administrative (SG&A) expenses, and a rise in sales volumes and model mix (read more: Honda Drives Past Q2 Earnings and Revenue Estimates ).
Currently, Honda has a Zacks Rank #4 (Sell).
5. Tesla's adjusted loss was $2.92 per share in the third quarter of 2017. The loss was wider than the Zacks Consensus Estimate of a loss of $2.45. The prior-year quarter earnings were 70 cents per share.
Reported net loss in the quarter was $671.2 million against net income of $21.9 million a year ago.
During the quarter, revenues increased to $2.98 billion from $2.30 billion registered in third-quarter 2016. The figure also surpassed the Zacks Consensus Estimate of $2.92 billion.
Tesla delivered 26,137 vehicles in the third quarter of 2017. In third-quarter 2017, the combined sales of Model S and Model X grew 4.5% from the year-ago figure.
Tesla currently carries a Zacks Rank #5.
Performance
Last week, the steepest increase was registered by Honda and the sharpest decline was witnessed by General Motors Company GM .
In the last six months, the steepest increase and the sharpest decline were witnessed by General Motors and Advance Auto Parts, Inc. AAP , respectively.
What's Next in the Auto Space?
Third-quarter 2017 earnings season is not yet over. Watch out for the earnings releases of other auto companies over the next week.
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General Motors Company (GM): Free Stock Analysis Report
Tesla Inc. (TSLA): Free Stock Analysis Report
Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Autoliv, Inc. (ALV): Free Stock Analysis Report
Cummins Inc. (CMI): Free Stock Analysis Report
The Goodyear Tire & Rubber Company (GT): 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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In the last six months, the steepest increase and the sharpest decline were witnessed by General Motors and Advance Auto Parts, Inc. AAP , respectively. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Autoliv, Inc. (ALV): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report The Goodyear Tire & Rubber Company (GT): Free Stock Analysis Report To read this article on Zacks.com click here. Goodyear Tire & Rubber reported 39.3% decrease in adjusted earnings per share to 71 cents in third-quarter 2017 compared with $1.17 registered a year ago.
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Click to get this free report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Autoliv, Inc. (ALV): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report The Goodyear Tire & Rubber Company (GT): Free Stock Analysis Report To read this article on Zacks.com click here. In the last six months, the steepest increase and the sharpest decline were witnessed by General Motors and Advance Auto Parts, Inc. AAP , respectively. On the other hand, auto companies which reported better-than-expected earnings are Autoliv, Inc. ALV , The Goodyear Tire & Rubber Company GT and Cummins Inc. CMI .
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Click to get this free report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Autoliv, Inc. (ALV): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report The Goodyear Tire & Rubber Company (GT): Free Stock Analysis Report To read this article on Zacks.com click here. In the last six months, the steepest increase and the sharpest decline were witnessed by General Motors and Advance Auto Parts, Inc. AAP , respectively. Revenues in the reported quarter were $3.92 billion, marginally ahead of the Zacks Consensus Estimate of $3.91 billion.
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In the last six months, the steepest increase and the sharpest decline were witnessed by General Motors and Advance Auto Parts, Inc. AAP , respectively. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Autoliv, Inc. (ALV): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report The Goodyear Tire & Rubber Company (GT): Free Stock Analysis Report To read this article on Zacks.com click here. Goodyear Tire & Rubber reported 39.3% decrease in adjusted earnings per share to 71 cents in third-quarter 2017 compared with $1.17 registered a year ago.
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11503.0
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2017-10-19 00:00:00 UTC
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Analysts Forecast 10% Upside For RCD
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AAP
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https://www.nasdaq.com/articles/analysts-forecast-10-upside-rcd-2017-10-19
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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 Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD), we found that the implied analyst target price for the ETF based upon its underlying holdings is $102.15 per unit.
With RCD trading at a recent price near $92.87 per unit, that means that analysts see 10.00% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of RCD's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Norwegian Cruise Line Holdings Ltd. (Symbol: NCLH), and Leggett & Platt, Inc. (Symbol: LEG). Although AAP has traded at a recent price of $87.81/share, the average analyst target is 15.69% higher at $101.59/share. Similarly, NCLH has 13.89% upside from the recent share price of $57.47 if the average analyst target price of $65.45/share is reached, and analysts on average are expecting LEG to reach a target price of $53.43/share, which is 10.98% above the recent price of $48.14. Below is a twelve month price history chart comparing the stock performance of AAP, NCLH, and LEG:
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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Although AAP has traded at a recent price of $87.81/share, the average analyst target is 15.69% higher at $101.59/share. Below is a twelve month price history chart comparing the stock performance of AAP, NCLH, and LEG: 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 RCD's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Norwegian Cruise Line Holdings Ltd. (Symbol: NCLH), and Leggett & Platt, Inc. (Symbol: LEG).
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Three of RCD's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Norwegian Cruise Line Holdings Ltd. (Symbol: NCLH), and Leggett & Platt, Inc. (Symbol: LEG). Although AAP has traded at a recent price of $87.81/share, the average analyst target is 15.69% higher at $101.59/share. Below is a twelve month price history chart comparing the stock performance of AAP, NCLH, and LEG: 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, NCLH, and LEG: 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 RCD's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Norwegian Cruise Line Holdings Ltd. (Symbol: NCLH), and Leggett & Platt, Inc. (Symbol: LEG). Although AAP has traded at a recent price of $87.81/share, the average analyst target is 15.69% higher at $101.59/share.
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Below is a twelve month price history chart comparing the stock performance of AAP, NCLH, and LEG: 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 RCD's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Norwegian Cruise Line Holdings Ltd. (Symbol: NCLH), and Leggett & Platt, Inc. (Symbol: LEG). Although AAP has traded at a recent price of $87.81/share, the average analyst target is 15.69% higher at $101.59/share.
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11504.0
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2017-10-14 00:00:00 UTC
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Stocks That Fell to 3-Year Lows in the Week of Oct. 13
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AAP
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https://www.nasdaq.com/articles/stocks-fell-3-year-lows-week-oct-13-2017-10-14
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nan
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nan
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CVS Health Corp. ( CVS ), Advance Auto Parts Inc. ( AAP ), Macy's Inc. ( M ), and Envision Healthcare Corp. ( EVHC ) have declined to their three-year lows.
CVS Health Corp. ( CVS ) declined to $72.60
The prices of CVS Health Corp. ( CVS ) shares have declined to $72.60 on Oct. 13, which is only 4.5% above the 3-year low of $69.30.
CVS Health Corp. is an American retail pharmacy and health care company that grew from the parent company Mark Steven Inc. The business began as a chain of health and beauty aid stores but within several years pharmacies were added. The company owns several subsidiaries, including CVS Pharmacy, MinuteClinic, Caremark Rx, Longs Drugs, Omnicare, and Navarro Discount Pharmacies. The company ranked seventh on the Fortunes 500 and eighteenth on the Fortune Global 500 in 2017.
CVS Health Corp. has a market cap of $73.8 billion; its shares were traded around $72.60 with a P/E ratio of 14.51 and P/S ratio of 0.43. The trailing 12-month dividend yield of CVS Health Corp. stocks is 2.66%. The forward dividend yield of CVS Health Corp. stocks is 2.71%. CVS Health Corp. had an annual average earnings growth of 11.30% over the past 10 years.
On Oct. 4 CVS Health Corp. introduced its new ScriptPath Prescription Schedule for retail pharmacy patients who manage multiple prescription medications. The ScriptPath Prescription Schedule features all of a patient's current CVS Pharmacy prescription information in one place including which medications the patient takes, when the patient should take them, and how much of each medication should be taken. The new schedule is designed to improve patient understanding and enhance patient safety.
Advance Auto Parts Inc. ( AAP ) declined to $85.51
The prices of Advance Auto Parts Inc. ( AAP ) shares have declined to $85.51 on Oct. 13, which is only 3.9% above the 3-year low of $82.21.
Advance Auto Parts Inc. is the largest American retailer of automotive parts and accessories in the United States. The company operates over 5,200 company owned and 1,300 independently owned stores in every U.S. state, the Virgin Islands, Puerto Rico, and Canada. The company employs more than 70,000 individuals.
Advance Auto Parts Inc. has a market cap of $6.32 billion; its shares were traded around $85.51 with a P/E ratio of 17.11 and P/S ratio of 0.68. The trailing 12-month dividend yield of Advance Auto Parts Inc. stocks is 0.28%. The forward dividend yield of Advance Auto Parts Inc. stocks is 0.28%. Advance Auto Parts Inc. had an annual average earnings growth of 13.20% over the past 10 years.
On Aug. 15 Advance Auto Parts Inc. reported second quarter fiscal 2017 results. The company reported sales of $2.26 billion, a 0.3% increase compared to $2.25 billion during the same quarter in prior year. GAAP earnings per diluted share were $1.17, and adjusted earnings per diluted share were $1.58 during the second quarter.
Macy's Inc. ( M ) declined to $20.20
The prices of Macy's Inc. ( M ) shares have declined to $20.20 on Oct. 13, which is only 4.4% above the 3-year low of $19.32.
Macy's Inc. is an American holding company that owns the department store chains Macy's and Bloomingdale's, both of which specialize in the sales of clothing, footwear, accessories, bedding, furniture, jewelry, beauty products, and various household items. The company has a market cap of $6.98 billion, and as of June 16 it traded at $22.93.
Macy's Inc. has a market cap of $6.15 billion; its shares were traded around $20.20 with a P/E ratio of 9.22 and P/S ratio of 0.25. The trailing 12-month dividend yield of Macy's Inc. stocks is 7.45%. The forward dividend yield of Macy's Inc. stocks is 7.46%. Macy's Inc. had an annual average earnings growth of 0.20% over the past 5 years.
On Aug. 31 Macy's Inc. announced the expansion of its same-day delivery of products purchased online at macys.com, bloomingdales.com, and both brands' mobile apps. Starting fall 2017, the company will offer same-day delivery to customers in 15 additional U.S. markets including Austin, TX; Charlotte, NC; Columbus, OH; Orlando, FL; and San Diego, CA.
Envision Healthcare Corp. ( EVHC ) declined to $40.74
The prices of Envision Healthcare Corp. ( EVHC ) shares have declined to $40.74 on Oct. 13, which is only 1.5% above the 3-year low of $40.12.
Envision Healthcare Corp. is an American healthcare company that has been a part of the S&P 500 index since Dec. 2, 2016, replacing Legg Mason. The company specializes in solutions to population healthcare challenges. Furthermore, the company has had annual revenues of around $4 billion for the last three years. The company has a market cap of $7.5 billion, and as of March 17 it traded at $118.19.
Envision Healthcare Corp. has a market cap of $4.92 billion; its shares were traded around $40.74 with and P/S ratio of 0.63. Envision Healthcare Corp. had an annual average earnings growth of 13.50% over the past 10 years.
On Sept. 18 Envision Healthcare Corp. announced the authorization of a program to repurchase up to $250 million of its common stock. This decision reflects the company's successful efforts to rationalize its service offerings around a physician-centric strategy and confidence in its ability to differentiate the company through its stated plan to drive long-term growth. The company's 2017 acquisition spend through early August has totaled $620 million.
Disclosure: I do not own stock in any of the companies mentioned in the article.
Premium Members
This article first appeared on GuruFocus .
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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CVS Health Corp. ( CVS ), Advance Auto Parts Inc. ( AAP ), Macy's Inc. ( M ), and Envision Healthcare Corp. ( EVHC ) have declined to their three-year lows. Advance Auto Parts Inc. ( AAP ) declined to $85.51 The prices of Advance Auto Parts Inc. ( AAP ) shares have declined to $85.51 on Oct. 13, which is only 3.9% above the 3-year low of $82.21. GAAP earnings per diluted share were $1.17, and adjusted earnings per diluted share were $1.58 during the second quarter.
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CVS Health Corp. ( CVS ), Advance Auto Parts Inc. ( AAP ), Macy's Inc. ( M ), and Envision Healthcare Corp. ( EVHC ) have declined to their three-year lows. Advance Auto Parts Inc. ( AAP ) declined to $85.51 The prices of Advance Auto Parts Inc. ( AAP ) shares have declined to $85.51 on Oct. 13, which is only 3.9% above the 3-year low of $82.21. GAAP earnings per diluted share were $1.17, and adjusted earnings per diluted share were $1.58 during the second quarter.
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CVS Health Corp. ( CVS ), Advance Auto Parts Inc. ( AAP ), Macy's Inc. ( M ), and Envision Healthcare Corp. ( EVHC ) have declined to their three-year lows. Advance Auto Parts Inc. ( AAP ) declined to $85.51 The prices of Advance Auto Parts Inc. ( AAP ) shares have declined to $85.51 on Oct. 13, which is only 3.9% above the 3-year low of $82.21. GAAP earnings per diluted share were $1.17, and adjusted earnings per diluted share were $1.58 during the second quarter.
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CVS Health Corp. ( CVS ), Advance Auto Parts Inc. ( AAP ), Macy's Inc. ( M ), and Envision Healthcare Corp. ( EVHC ) have declined to their three-year lows. Advance Auto Parts Inc. ( AAP ) declined to $85.51 The prices of Advance Auto Parts Inc. ( AAP ) shares have declined to $85.51 on Oct. 13, which is only 3.9% above the 3-year low of $82.21. GAAP earnings per diluted share were $1.17, and adjusted earnings per diluted share were $1.58 during the second quarter.
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11505.0
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2017-10-13 00:00:00 UTC
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Douglas Emmett Moves Up In Market Cap Rank, Passing Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/douglas-emmett-moves-market-cap-rank-passing-advance-auto-parts-2017-10-13
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Douglas Emmett Inc (Symbol: DEI) was identified as having a larger market cap than the smaller end of the S&P 500, for example Advance Auto Parts Inc (Symbol: AAP), according to The Online Investor .
Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much - that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true "apples-to-apples" comparison of the value of two stocks. In the case of Douglas Emmett Inc (Symbol: DEI), the market cap is now $6.64B, versus Advance Auto Parts Inc (Symbol: AAP) at $6.32B.
Below is a three month price history chart comparing the stock performance of DEI vs. AAP:
Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). This can have a direct impact on which indices will include the stock, and which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and "tosses out" the biggest 100 companies so as to focus solely on the 400 smaller "up-and-comers" (which in the right environment can outperform their larger rivals). And ETFs that directly follow an index like the S&P 500 will only own the underlying component of that index, selling companies that lose their status as an S&P 500 company, and buying companies when they are added to the index. So a company's market cap, especially in relation to other companies, carries great importance, and for this reason we at TheOnlineInvestor.com find value to putting together these looks at comparative market capitalization daily.
At the closing bell, DEI is up about 0.7%, while AAP is off about 1.2% on the day Friday.
The 20 Largest U.S. Companies By Market Capitalization »
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 three month price history chart comparing the stock performance of DEI vs. AAP: Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Douglas Emmett Inc (Symbol: DEI) was identified as having a larger market cap than the smaller end of the S&P 500, for example Advance Auto Parts Inc (Symbol: AAP), according to The Online Investor . In the case of Douglas Emmett Inc (Symbol: DEI), the market cap is now $6.64B, versus Advance Auto Parts Inc (Symbol: AAP) at $6.32B.
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Douglas Emmett Inc (Symbol: DEI) was identified as having a larger market cap than the smaller end of the S&P 500, for example Advance Auto Parts Inc (Symbol: AAP), according to The Online Investor . In the case of Douglas Emmett Inc (Symbol: DEI), the market cap is now $6.64B, versus Advance Auto Parts Inc (Symbol: AAP) at $6.32B. Below is a three month price history chart comparing the stock performance of DEI vs. AAP: Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's).
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Douglas Emmett Inc (Symbol: DEI) was identified as having a larger market cap than the smaller end of the S&P 500, for example Advance Auto Parts Inc (Symbol: AAP), according to The Online Investor . Below is a three month price history chart comparing the stock performance of DEI vs. AAP: Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the case of Douglas Emmett Inc (Symbol: DEI), the market cap is now $6.64B, versus Advance Auto Parts Inc (Symbol: AAP) at $6.32B.
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Douglas Emmett Inc (Symbol: DEI) was identified as having a larger market cap than the smaller end of the S&P 500, for example Advance Auto Parts Inc (Symbol: AAP), according to The Online Investor . In the case of Douglas Emmett Inc (Symbol: DEI), the market cap is now $6.64B, versus Advance Auto Parts Inc (Symbol: AAP) at $6.32B. Below is a three month price history chart comparing the stock performance of DEI vs. AAP: Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's).
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11506.0
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2017-10-12 00:00:00 UTC
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Auto Stock Roundup: September China Sales Up, Autonomous & EV Move On, Tesla in Focus
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-september-china-sales-up-autonomous-ev-move-on-tesla-in-focus-2017-10
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Last week saw usual readiness in shift toward an electric and autonomous future by some automakers. A few auto companies also hiked quarterly dividend payment, which is usual before the beginning of the earnings season.
Monthly vehicles sales figures of China, the largest auto market in the world, have been revealed by an industry body. Vehicles sold in the mainland increased 5.7% in September, on a year-over-year basis. This is the fourth consecutive month of increase in sales. This upward trend can be attributed to robust economic growth and hefty incentives given to the buyers. However, according to the industry body, vehicles sales growth in China in 2017 might fail to meet the target of 5% set earlier.
New energy vehicles (NEV) sales rose 79.1% in September, backed by strong government support and a gradual shift toward electric vehicles from traditional fuel-fossil driven cars.
(Read the previous roundup here: Auto Stock Roundup for Oct 5, 2017 )
Recap of the Week's Most Important Stories
1. General Motors Company GM aims to resolve transportation problems caused due to natural disasters, complex logistics environments and global conflicts. With this plan in place, the company is set to display an adaptable fuel-cell electric platform with autonomous ability, known as Silent Utility Rover Universal Superstructure (SURUS).
This autonomous platform will on display at the Association of the United States Army (AUSA) event, to be held from Oct 9-11, 2017. The platform could be further modified for military purposes.
SURUS features General Motors hydrotec fuel-cell system, autonomous capability and truck chassis components for delivering high-performance, zero-emission propulsion. These features will help reduce logistical burdens and maximize human safety. Other benefits include quiet and odor-free operation plus exportable power and water generation (read more: General Motors to Develop Fast Fuel-Cell Electric Platform ).
Currently, General Motors carries a Zacks Rank #3 (Hold).
2. Tesla, Inc. TSLA has deferred the unveiling of its semi-truck, Tesla Semi, to Nov 16, per an Autoblog report. This is the second time that the automaker has rescheduled the unveiling of the truck. The company's increased focus on mending production problems linked to Model 3 and raising battery production for hurricane-affected Puerto Rico, can be attributed to this delay.
Notably, the Palo Alto, CA-based automaker has fallen short of its third-quarter 2017 production target of the new Model 3 sedan. During the quarter, the company delivered 220 Model 3s and produced 260, missing the production target of 1,500. This indicates that production has not been as smooth as anticipated. Importantly, the Model 3 could catapult Tesla to become a mass market producer. However, Tesla reported that production bottlenecks came in the way of ramping-up production of Model 3 (read more: Tesla Delays Truck Unveiling to Focus on Model 3 Issues ).
Currently, Tesla carries a Zacks Rank #3.
3. Thor Industries, Inc.'s THO board members have approved a 12% hike in the quarterly cash dividend per share. The revised dividend of 37 cents will be paid on Nov 7, 2017 to shareholders of record as of Oct 24, 2017.
Prior to this, in October 2016, the company had increased quarterly dividend per common share by 10% to 33 cents. The company rewards shareholders with regular cash dividends, boosting its confidence in turn (read more: : Thor Industries Announces a 12% Hike in Quarterly Dividend ).
Currently, Thor Industries sports a Zacks Rank #1 (Strong Buy).
You can see the complete list of today's Zacks #1 Rank stocks here .
4. Magna International Inc. MGA announced that it has joined a consortium initiated by BMW AG and Intel Corporation to develop an autonomous and flexible vehicle platform for auto manufacturers by 2021. Notably, Intel's subsidiary Mobileye is also part of this consortium.
Having entered into the consortium as a Tier 1 technology integrator, Magna will enable automakers to customize and industrialize the domain controller to be designed for autonomous driving platform.
This alliance will help auto manufacturers split high costs for developing self-driving vehicle technology, inclusive of research and development expenses, and hiring software expertise from the outside domain (read more: Magna Joins Forces to Fortify Autonomous Vehicle Platform ).
Currently, Magna International has a Zacks Rank #2 (Buy).
5. Much to the delight of the shareholders, Penske Automotive Group, Inc.'s PAG board members have approved a 3.1% hike in the cash dividend per share for the third quarter of 2017. The revised dividend of 33 cents will be paid on Dec 1, 2017 to shareholders of record as of Nov 10, 2017.
This marks the 26th consecutive quarter in which dividend has been increased. Prior to this, the company paid 32 cents of dividend per common share on Sep 1, 2017 for the second quarter of fiscal 2017. This persistent rise in dividend indicates undiminished confidence of the management on the diversified business model of the company (read more: Penske Automotive Announces 3.1% Hike in Dividend ).
Currently, Penske Automotive a Zacks Rank #3.
Performance
In the last week, steepest increase was registered by General Motors and sharpest decline was witnessed by Advance Auto Parts AAP .
In fact, in the last six months, the steepest increase and the sharpest decline too were witnessed by General Motors and Advance Auto Parts, respectively.
What's Next in the Auto Space?
The third-quarter 2017 earnings season has already started. Earnings for the auto companies will begin next week.
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Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report
General Motors Company (GM): Free Stock Analysis Report
Tesla Inc. (TSLA): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Magna International, Inc. (MGA): Free Stock Analysis Report
Thor Industries, Inc. (THO): 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, steepest increase was registered by General Motors and sharpest decline was witnessed by Advance Auto Parts AAP . Click to get this free report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Magna International, Inc. (MGA): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report To read this article on Zacks.com click here. With this plan in place, the company is set to display an adaptable fuel-cell electric platform with autonomous ability, known as Silent Utility Rover Universal Superstructure (SURUS).
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Performance In the last week, steepest increase was registered by General Motors and sharpest decline was witnessed by Advance Auto Parts AAP . Click to get this free report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Magna International, Inc. (MGA): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report To read this article on Zacks.com click here. Much to the delight of the shareholders, Penske Automotive Group, Inc.'s PAG board members have approved a 3.1% hike in the cash dividend per share for the third quarter of 2017.
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Click to get this free report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Magna International, Inc. (MGA): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report To read this article on Zacks.com click here. Performance In the last week, steepest increase was registered by General Motors and sharpest decline was witnessed by Advance Auto Parts AAP . The company rewards shareholders with regular cash dividends, boosting its confidence in turn (read more: : Thor Industries Announces a 12% Hike in Quarterly Dividend ).
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Performance In the last week, steepest increase was registered by General Motors and sharpest decline was witnessed by Advance Auto Parts AAP . Click to get this free report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Magna International, Inc. (MGA): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, General Motors carries a Zacks Rank #3 (Hold).
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11507.0
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2017-10-12 00:00:00 UTC
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RSI Alert: Advance Auto Parts (AAP) Now Oversold
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AAP
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https://www.nasdaq.com/articles/rsi-alert-advance-auto-parts-aap-now-oversold-2017-10-12
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $86.51 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 76.8. A bullish investor could look at AAP's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAP shares:
Looking at the chart above, AAP's low point in its 52 week range is $82.21 per share, with $177.83 as the 52 week high point - that compares with a last trade of $86.56.
According to the ETF Finder at ETF Channel, AAP makes up 1.15% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD) which is trading lower by about 0.7% on the day Thursday.
Find out what 9 other oversold stocks you need to know about »
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) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $86.51 per share. A bullish investor could look at AAP's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $82.21 per share, with $177.83 as the 52 week high point - that compares with a last trade of $86.56.
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The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $82.21 per share, with $177.83 as the 52 week high point - that compares with a last trade of $86.56. In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $86.51 per share. A bullish investor could look at AAP's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $86.51 per share. The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $82.21 per share, with $177.83 as the 52 week high point - that compares with a last trade of $86.56. A bullish investor could look at AAP's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $86.51 per share. According to the ETF Finder at ETF Channel, AAP makes up 1.15% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD) which is trading lower by about 0.7% on the day Thursday. A bullish investor could look at AAP's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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11508.0
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2017-10-10 00:00:00 UTC
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3 Embarrassingly Low Dividend Stocks
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AAP
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https://www.nasdaq.com/articles/3-embarrassingly-low-dividend-stocks-2017-10-10
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Dividend stocks are a great way to build wealth in the long run, but only if you pick the right stocks. Some well-known companies, for instance, pay out only a measly portion of their profits to shareholders in dividends, while others have embarrassingly low yields that hardly match up to inflation -- let alone manage to supplement your income. Three such popular names that could do their shareholders a favor by being a little more generous with their dividend policies are Sherwin-Williams (NYSE: SHW) , Visa (NYSE: V) , and Advance Auto Parts (NYSE: AAP) .
Who pays what
Sherwin-Williams comes across as a top dividend stock given its place in the elite Dividend Aristocrats list, which is composed of companies that have increased their dividends for at least 25 straight years. There's no denying the paint maker's dividend record -- it has raised its dividends for 38 consecutive years now.
However, Sherwin-Williams stock currently yields a paltry 0.9%, and its forward yield of 1% offers little respite. Blame its low payout ratio of below 30% and the slow growth in dividends. Barring a handful of strong years, the company's annual dividend increases have been small in the past three decades: It last raised its dividend by just $0.01 per share earlier this year.
The picture isn't any rosier with Visa. The payments-processing giant that essentially runs a duopoly with MasterCardis minting money , converting more than one-third of its revenue into free cash flow (FCF) that runs into billions of dollars. That isn't really surprising, given its high-margin business -- all Visa does is monetize its network with banks and merchants worldwide to earn fees on every transaction made using its branded credit and debit cards.
Yet Visa paid out only around 23% and 30% of its earnings and FCF per share, respectively, in dividends last year. The stock barely yields 0.63% today.
The next stock up, Advance Auto Parts, is perhaps the worst of the lot. It might be dominating the auto-aftermarket industry in the U.S., but the $7.3 billion company hugely disappoints when it comes to dividends.
AAP Free Cash Flow Per Share (TTM) data by YCharts .
To be fair, it's unreasonable to expect high-dividend growth in a cyclical industry like auto. But as you can see in the chart above, while Advance Auto Parts has earned pretty strong earnings and free cash flow in the past decade, its dividends haven't budged since, and payouts remain in the low-single-digit percentages.
So what are these companies doing with all the money if they're paying so little in dividends?
All's not lost here
The following chart reveals how miserly Advance Auto Parts has been with both dividends and share buybacks. Sherwin-Williams and Visa, on the other hand, have spent significant amounts of money on repurchases in recent years.
AAP Stock Buyback (Annual) data by YCharts .
While share repurchases have proven a smart strategy for both companies, as their share prices have skyrocketed over time, I believe shareholders stand to gain more from growing dividends in the long run. The good news is that both Sherwin-Williams and Visa appear to be warming up to the idea.
Sherwin-Williams, for instance, expects its dividends to grow at least 50% between 2018 and 2020.
Of course, it's not that Sherwin-Williams is about to get a windfall -- those dividend projections are backed by the potential accretion to its earnings and cash flow from its Valspar acquisition, which will create the world's largest paint and coatings company. I expect to see a marked shift in the merged company's capital allocation policies, with debt repayment and dividends gaining importance over buybacks.
Visa, for its part, spent a whopping $7 billion on share buybacks just last year. The company spent a staggering $25.6 billion on repurchases versus only $5.4 billion on dividends between 2011 and 2016.
That's not to say Visa's dividends haven't grown -- they've more than tripled since 2011 (adjusting for its 4-for-1 stock split in 2015), and its payout ratio has gone up from 12% to around 20% during the period. However, management intends to maintain its payout ratio between 20%-25% going forward.
The Foolish bottom line
Among the three stocks, Advance Auto Parts' management clearly needs to display greater commitment toward shareholders. Its strong cash flow offers enough room for the company to bump up its dividends.
Income investors may be able to find greater value in Sherwin-Williams and Visa in the coming years. Both are incredibly strong companies, with solid fundamentals and growth catalysts, making them great long-term buys for any investor. While Sherwin-Williams' global footprint should expand substantially after its merger with Valspar, Visa is poised to benefit tremendously from the global secular shift from cash to digital payments. As these companies grow, so should their dividends.
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Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Mastercard and Visa. The Motley Fool recommends Sherwin-Williams. 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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Three such popular names that could do their shareholders a favor by being a little more generous with their dividend policies are Sherwin-Williams (NYSE: SHW) , Visa (NYSE: V) , and Advance Auto Parts (NYSE: AAP) . AAP Free Cash Flow Per Share (TTM) data by YCharts . AAP Stock Buyback (Annual) data by YCharts .
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Three such popular names that could do their shareholders a favor by being a little more generous with their dividend policies are Sherwin-Williams (NYSE: SHW) , Visa (NYSE: V) , and Advance Auto Parts (NYSE: AAP) . AAP Free Cash Flow Per Share (TTM) data by YCharts . AAP Stock Buyback (Annual) data by YCharts .
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Three such popular names that could do their shareholders a favor by being a little more generous with their dividend policies are Sherwin-Williams (NYSE: SHW) , Visa (NYSE: V) , and Advance Auto Parts (NYSE: AAP) . AAP Free Cash Flow Per Share (TTM) data by YCharts . AAP Stock Buyback (Annual) data by YCharts .
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Three such popular names that could do their shareholders a favor by being a little more generous with their dividend policies are Sherwin-Williams (NYSE: SHW) , Visa (NYSE: V) , and Advance Auto Parts (NYSE: AAP) . AAP Free Cash Flow Per Share (TTM) data by YCharts . AAP Stock Buyback (Annual) data by YCharts .
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11509.0
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2017-10-10 00:00:00 UTC
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Apple, Steven Spielberg Team Up on ‘Amazing Stories’ Reboot
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AAP
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https://www.nasdaq.com/articles/apple-steven-spielberg-team-up-on-amazing-stories-reboot-2017-10-10
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Apple (NASDAQ: AAPL ) and Steven Spielberg have teamed up to roll out an Amazing Stories reboot.
Source: Brad Moon
Spielberg's production company Amblin Entertainmentis producing the anthology series , which first aired from 1985 through 1987. The move is part of a push by Apple to launch more original content on its video streaming outlet.
The creation of the show will be made available thanks to NBCUniversal's television production unit, and a $5 million budget per episode will facilitate the creation process.
Spielberg will likely be the Amazing Stories executive producer, although not much is known about what exactly his role will be on the show. Hannibal's Bryan Fuller will be the showrunner.
Amazing Stories is essentially an updated version of The Twilight Zone or The Outer Limits , with each episode telling a standalone story that is either scary, magical or horrifying. The directors featured in the original version of the show included Robert Zemeckis, Tobe Hooper, Brad Bird, and Spielberg.
It was a monumentally popular show that went on to win five Emmys over its two years. However, NBC cancelled the show after its second season.
The move is part of a $1 billion investment by Apple to create original content over the coming year. Jamie Erlicht and Zack Van Amburg will be at the helm of the initiative-those two oversaw the creation and broadcasting of Breaking Bad .
AAPL stock surged a fraction of a percentage Tuesday.
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The post Apple, Steven Spielberg Team Up on 'Amazing Stories' Reboot 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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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ: AAPL ) and Steven Spielberg have teamed up to roll out an Amazing Stories reboot. AAPL stock surged a fraction of a percentage Tuesday. Source: Brad Moon Spielberg's production company Amblin Entertainmentis producing the anthology series , which first aired from 1985 through 1987.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ: AAPL ) and Steven Spielberg have teamed up to roll out an Amazing Stories reboot. AAPL stock surged a fraction of a percentage Tuesday. Buy SINA The post Apple, Steven Spielberg Team Up on 'Amazing Stories' Reboot appeared first on InvestorPlace .
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ: AAPL ) and Steven Spielberg have teamed up to roll out an Amazing Stories reboot. AAPL stock surged a fraction of a percentage Tuesday. More From InvestorPlace The 7 Best Dow Jones Stocks to Buy Today 6 A-Rated Dividend Stocks to Buy Want Weibo Corp. (WB) Stock at Half-Off?
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ: AAPL ) and Steven Spielberg have teamed up to roll out an Amazing Stories reboot. AAPL stock surged a fraction of a percentage Tuesday. Spielberg will likely be the Amazing Stories executive producer, although not much is known about what exactly his role will be on the show.
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11510.0
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2017-09-21 00:00:00 UTC
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Auto Stock Roundup: Recalls Continue, Ford Partners Mahindra, AutoZone Reports Q4 Results
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-recalls-continue-ford-partners-mahindra-autozone-reports-q4-results
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Last week saw usual readiness on the part of several automakers to move toward electric vehicles. Ford Motor Company F announced that it has collaborated with Mahindra Group, an Indian automotive manufacturing company, to work on areas such as mobility programs, electrifications, connected vehicle projects and product development, among other aspects.
Even Autoliv, Inc.'s ALV plans of splitting into two separate publicly traded companies - Passive Safety and Electronics - gives an indication that auto companies are seriously mulling over producing electric vehicles (EVs).
Amid this, a couple of companies came up with their earnings results. Both AutoZone, Inc. AZO and Copart, Inc. CPRT reported better-than-expected results.
In this otherwise normal week, a few automakers were once again embroiled in recall issues. The cases of recalls in China, the largest car market in the world, can prove to be serious for these automakers. At a time when these automakers are investing huge money on electric vehicles, these recalls are further putting strains on their exchequers.
(Read the previous roundup here: Auto Stock Roundup for Sep 14, 2017 )
Recap of the Week's Most Important Stories
1. Autoliv recently announced that it is mulling over splitting into two separate publicly traded companies. The decision to split is currently under strategic review. The plans of separating its two business segments - Passive Safety and Electronics - sent its share price soaring.
However, there is no certainty that the review would fructify into a separation or listing of the businesses. If the separation at all happens, it would take around a year.
While one entity would focus on passive safety, which includes equipment such as airbags and seatbelts, the other would concentrate on automotive radars and cameras with driver-assist systems, which are used in autonomous-driving technology (read more: Autoliv Stock Soars on Electronics Segment Split-Off Plan ).
Currently, Autoliv has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. AutoZone reported 6.1% year-over-year growth in adjusted earnings per share to $15.18 for the fourth quarter of fiscal 2017 (ended Aug 26, 2017). Earnings beat the Zacks Consensus Estimate of $15.11. Net income increased 1.7% to $433.9 million.
For fiscal 2017, adjusted earnings per share increased year over year from $40.70 to $43.04.
Quarterly revenues improved 3.3% year over year to $3.51 billion. Also, the figure surpassed the Zacks Consensus Estimate of $3.49 billion.
Domestic same-store sales (sales for stores open at least for one year) increased 1% year over year.
Fiscal 2017 sales rose to $10.89 from $10.64 billion a year ago.
Gross profit increased to $1.85 billion from $1.79 billion in the prior-year quarter. Operating profit rose to $707.6 million from $703.4 million in the fourth quarter of fiscal 2016.
Operating expenses, as a percentage of sales, increased to 32.6% from 32.1% a year ago (read more: AutoZone Q4 Earnings & Revenues Top Estimates, Up Y/Y ).
3. Ford has agreed to collaborate with Mahindra Group, an Indian automotive manufacturing company. This strategic alliance aims at using the skill and global reach of the former with the latter's presence in India.
In an age of unparalleled changes in the global auto industry, strengths will be exploited mutually to drive profitable growth in India and other emerging markets.
For a period of three years, teams from both companies will synergize on areas that include mobility programs, electrifications, connected vehicle projects, product development and many more aspects.
Ford believes that this coalition will enable it to deliver the best batch of vehicles and services to customers as well as grow profitably in the world's fifth largest vehicle market. Further, in conjunction with India's ambition to convert into electric vehicles, this cooperation will help both parties to tap the growing potential of the utility market and the emerging usage of battery-powered electric vehicles (read more: Ford Partners Mahindra to Power Electric Vehicles in India ).
4. The problem of recalls is far from over for global automakers. The last few days saw auto giants General Motors Company GM , Ford and Volkswagen AG facing recalls again.
Reportedly, General Motors will be recalling more than 2.5 million vehicles in China. The issue stemmed from concerns over faulty airbags manufactured by Takata. This is indeed a serious blow to the U.S. automaker, which will start withdrawing faulty vehicles from next month. Ford has reportedly come closer to recalling SUV models in the United States. Reports of leakage in exhaust fumes were responsible for this development.
Last week, German automaker Volkswagen announced that along with Chinese joint-venture partners, it will recall 4.86 million vehicles in China. Once again, the reason was faulty air bags supplied by Takata.
The instances of recalls in China, the largest car market in the world, can be damaging for these automakers. At a time when these automakers are investing open-handedly on electric vehicles, these recalls are doing no good to them (read more: Recalls Plague Automakers: General Motors, Ford in Focus ).
5. Copart reported adjusted earnings per share of 35 cents in fourth-quarter fiscal 2017 (ended Jul 31, 2017) and beat the Zacks Consensus Estimate of 31 cents. The figure shows a steep rise of 20.7% from 29 cents recorded in the year-ago quarter.
Net income was $70.3 million, reflecting a decrease of 16.4% or $13.8 million from the fourth quarter of fiscal 2016.
Copart's revenues rose 13.8% to $378.6 million from the year-ago quarter and surpassed the Zacks Consensus Estimate of $355.5 million. Service revenues went up 16.3% to $336.8 million, while revenues from vehicle sales declined 3.2% to $41.8 million.
Gross margin improved 18.4% to $167.5 million from $141.5 million a year ago. Operating expenses also increased to $267.8 million from $226.5 million in the year-ago quarter.
Operating income shot up to $110.8 million from $106.2 million reported a year ago (read more: Copart Q4 Earnings & Revenues Beat Estimates, Up Y/Y ).
Performance
Last week, save Advance Auto Parts AAP and AutoZone, all the stocks listed below moved north.
In the last six months, Tesla, Inc. TSLA gained the most, while Advance Auto Parts registered the sharpest decline.
What's Next in the Auto Space?
Stay tuned for the usual news updates in the space.
Will You Make a Fortune on the Shift to Electric Cars?
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Ford Motor Company (F): Free Stock Analysis Report
General Motors Company (GM): 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
Autoliv, Inc. (ALV): 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 Last week, save Advance Auto Parts AAP and AutoZone, all the stocks listed below moved north. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): 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 Autoliv, Inc. (ALV): Free Stock Analysis Report Copart, Inc. (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. While one entity would focus on passive safety, which includes equipment such as airbags and seatbelts, the other would concentrate on automotive radars and cameras with driver-assist systems, which are used in autonomous-driving technology (read more: Autoliv Stock Soars on Electronics Segment Split-Off Plan ).
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): 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 Autoliv, Inc. (ALV): Free Stock Analysis Report Copart, Inc. (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Performance Last week, save Advance Auto Parts AAP and AutoZone, all the stocks listed below moved north. Ford Motor Company F announced that it has collaborated with Mahindra Group, an Indian automotive manufacturing company, to work on areas such as mobility programs, electrifications, connected vehicle projects and product development, among other aspects.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): 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 Autoliv, Inc. (ALV): Free Stock Analysis Report Copart, Inc. (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Performance Last week, save Advance Auto Parts AAP and AutoZone, all the stocks listed below moved north. Further, in conjunction with India's ambition to convert into electric vehicles, this cooperation will help both parties to tap the growing potential of the utility market and the emerging usage of battery-powered electric vehicles (read more: Ford Partners Mahindra to Power Electric Vehicles in India ).
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Performance Last week, save Advance Auto Parts AAP and AutoZone, all the stocks listed below moved north. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): 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 Autoliv, Inc. (ALV): Free Stock Analysis Report Copart, Inc. (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Further, in conjunction with India's ambition to convert into electric vehicles, this cooperation will help both parties to tap the growing potential of the utility market and the emerging usage of battery-powered electric vehicles (read more: Ford Partners Mahindra to Power Electric Vehicles in India ).
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11511.0
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2017-09-20 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for September 21, 2017
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-september-21-2017-2017-09-20
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on September 21, 2017. A cash dividend payment of $0.06 per share is scheduled to be paid on October 06, 2017. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 17th quarter that AAP has paid the same dividend. At the current stock price of $94.85, the dividend yield is .25%.
The previous trading day's last sale of AAP was $94.85, representing a -46.66% decrease from the 52 week high of $177.83 and a 15.38% increase over the 52 week low of $82.21.
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. Zacks Investment Research reports AAP's forecasted earnings growth in 2017 as -27.61%, compared to an industry average of %.
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:
First Trust Cons. Discret. AlphaDEX ( FXD )
John Hancock Multifactor Consumer Discretionary ETF ( JHMC ).
The top-performing ETF of this group is FXD with an increase of 1.77% over the last 100 days. It also has the highest percent weighting of AAP at 0.47%.
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 2017 as -27.61%, compared to an industry average of %. 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 $5. 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 September 21, 2017.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAP was $94.85, representing a -46.66% decrease from the 52 week high of $177.83 and a 15.38% increase over the 52 week low of $82.21. 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 $5. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on September 21, 2017. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment.
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11512.0
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2017-09-15 00:00:00 UTC
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Oracle (ORCL) Tops Q1 Earnings, Soft Cloud View Hurts Shares
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AAP
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https://www.nasdaq.com/articles/oracle-orcl-tops-q1-earnings-soft-cloud-view-hurts-shares-2017-09-15
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Oracle CorporationORCL delivered strong first-quarter fiscal 2018 results. Non-GAAP earnings of 62 cents per share and revenues of $9.21 billion comfortably beat the Zacks Consensus Estimate of 61 cents and $9.03 billion, respectively.
Earnings increased 12.3% from the year-ago quarter and were better than the company's guided range of 59-61 cents. This was primarily driven by 7% (6% in constant currency) growth in revenues that was in line with the high end of management's guidance of 4-6%.
Oracle's top-line growth benefited from the ongoing cloud-based momentum. Total cloud revenues (16.2% of total revenue versus 11.4% in the year-ago quarter) advanced 51.3% (60% in constant currency) to $1.49 billion.
Moreover, total cloud and on-premise software revenue increased 8% in constant currency to $7.41 billion. Management noted that 80% of Oracle's trailing 12-month software and cloud revenue is now recurring.
Oracle Corporation Price, Consensus and EPS Surprise
Oracle Corporation Price, Consensus and EPS Surprise | Oracle Corporation Quote
We believe that the company's growing cloud market share will continue to drive top-line growth in the foreseeable future. The expanding customer base that includes the likes of AT&T Inc. T , Liberty Mutual Insurance, Advance Auto Parts Inc. AAP and others is a key catalyst.
Shares Decline on Soft Outlook
Shares were down 4.5% in after-hour trading following the results. The decline apparently reflects soft outlook. Earnings are anticipated to be between 64 cents and 68 cents for the quarter, with a positive impact of couple of cents from favorable currency tailwind.
The high-end of the guidance is lower than the Zacks Consensus Estimate for earnings, which was pegged at 69 cents.
Moreover, cloud growth outlook was unimpressive. Cloud revenues including SaaS, PaaS and IaaS are expected to grow between 39% and 43% (41% and 45% in the U.S. dollars), much lower than 51.3% reported by Oracle in the last quarter and 64.1% in the fourth quarter of fiscal 2017.
Oracle's stock has gained 37.3% year to date, substantially outperforming the 27.2% rally of the industry it belongs to. However, a brake in the cloud momentum can drag down the stock price in fiscal 2018.
Cloud Drove Solid Top Line
Cloud software as a service (SaaS) revenues advanced a significant 61.6% (62% in constant currency) year over year to $1.09 billion. Cloud Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) revenues surged 29.2% (28% in constant currency) to $403 million. Cloud deferred revenues surged 53%.
On-premise software revenues (64.2% of total revenue versus 67.6% in the year-ago quarter) increased 1.6% (1% at constant currency) to $5.92 billion reflecting continued higher attachment rates of software support and renewal rates.
ERP surged 90% organically. Management stated that Fusion HCM soared 109%, which was double the growth rate of Workday WDAY . Database as a Service was up 53% from the year-ago quarter. CX also increased double digits organically.
On Oct 1, Oracle is set to launch the next-generation database, which will be a totally autonomous system supported by machine learning. The company will be offering public Cloud service level agreements (SLAs) for the Oracle database that guarantee 99.995% systems availability time. This practically signifies less than 30 minutes of planned or unplanned downtime per year.
Management believes that the new database will improve Oracle's competitive position in the cloud against Amazon Web Services (AWS).
Per Oracle, PaaS infrastructure, business analytics and data integration revenues were up 28%, 130% and 221%, respectively.
Software updates and product support revenues were almost $4.95 billion, up 2% in constant currency. On a combined basis, on-premise support and SaaS revenues were up 17%.
Total hardware revenue slipped 5.3% (down 6% at constant currency) year over year to $943 million. Services revenues increased 6.4% (up 5% at constant currency) to $860 million.
Operating Details
SaaS gross margin was 67%, significantly higher than 59% reported in the year-ago quarter. PaaS and IaaS gross margin was 43% down from 58% posted in the year-ago quarter due to continued investments on geographical expansions.
Operating expenses, as percentage of revenues, decreased 160 bps to 58.9%. The decline can primarily be attributed to lower software license updates and product support, hardware, services, sales & marketing and research & development expenses, which were down 40 bps, 50 bps, 40 bps, 80 bps and 60 bps, respectively.
As a result, non-GAAP operating margin expanded 160 bps from the year-ago quarter to 41.1%.
Balance Sheet & Cash Flow
As of Aug 31, 2017, Oracle had cash & cash equivalents and marketable securities of $66.89 billion, up $819 million sequentially. Trailing four-quarter operating cash flow was $14.8 billion, while free cash flow was $12.6 billion.
Share Repurchase & Dividend Continues
Oracle bought back 10.2 million shares for a total of $500 million in the quarter. In the last 12 months, the company repurchased 46.6 million shares for a total of 2 billion and paid out dividends of $2.8 billion.
Guidance
For second-quarter fiscal 2018, total revenue is anticipated to grow in the range of 2%-4% in constant currency (4%-6% in the U.S. dollars). Favorable exchange rate will help revenues by at least 3%.
Oracle expects SaaS gross margin to improve in fiscal 2018 and hit 80% sometime during fiscal 2019. As the company gains scale, management expects PaaS and IaaS gross margins to expand significantly.
Currently, Oracle carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Workday, Inc. (WDAY): Get Free Report
AT&T Inc. (T): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Oracle Corporation (ORCL): 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 expanding customer base that includes the likes of AT&T Inc. T , Liberty Mutual Insurance, Advance Auto Parts Inc. AAP and others is a key catalyst. Non-GAAP earnings of 62 cents per share and revenues of $9.21 billion comfortably beat the Zacks Consensus Estimate of 61 cents and $9.03 billion, respectively. As a result, non-GAAP operating margin expanded 160 bps from the year-ago quarter to 41.1%.
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Click to get this free report Workday, Inc. (WDAY): Get Free Report AT&T Inc. (T): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Oracle Corporation (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. Non-GAAP earnings of 62 cents per share and revenues of $9.21 billion comfortably beat the Zacks Consensus Estimate of 61 cents and $9.03 billion, respectively. The expanding customer base that includes the likes of AT&T Inc. T , Liberty Mutual Insurance, Advance Auto Parts Inc. AAP and others is a key catalyst.
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Click to get this free report Workday, Inc. (WDAY): Get Free Report AT&T Inc. (T): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Oracle Corporation (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. Non-GAAP earnings of 62 cents per share and revenues of $9.21 billion comfortably beat the Zacks Consensus Estimate of 61 cents and $9.03 billion, respectively. The expanding customer base that includes the likes of AT&T Inc. T , Liberty Mutual Insurance, Advance Auto Parts Inc. AAP and others is a key catalyst.
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Non-GAAP earnings of 62 cents per share and revenues of $9.21 billion comfortably beat the Zacks Consensus Estimate of 61 cents and $9.03 billion, respectively. The expanding customer base that includes the likes of AT&T Inc. T , Liberty Mutual Insurance, Advance Auto Parts Inc. AAP and others is a key catalyst. As a result, non-GAAP operating margin expanded 160 bps from the year-ago quarter to 41.1%.
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11513.0
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2017-09-15 00:00:00 UTC
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Advance Auto Parts (AAP) Up 14.9% Since Earnings Report: Can It Continue?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-up-14.9-since-earnings-report%3A-can-it-continue-2017-09-15
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It has been about a month since the last earnings report for Advance Auto Parts IncAAP . Shares have added about 14.9% in that time frame, outperforming the market.
Will the recent positive trend continue leading up to the stock's next earnings release, or is it due for a pullback? 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 catalysts.
Advance Auto Parts Earnings Miss in Q2, Decline Y/Y
Advance Auto Parts reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of $1.65. Adjusted net income declined to $117 million from $141 million in the second quarter of fiscal 2016.
Advance Auto Parts came up with revenues of $2.26 billion, almost in line with the Zacks Consensus Estimate.
Revenues were 0.3% higher than the year-ago quarter figure. During the quarter, comparable store sales (comps) were almost flat year over year.
Gross profit declined to $993.1 million in the reported quarter from $1.01 billion a year ago. Gross margin declined to 43.9% from 44.8% in the prior-year quarter primarily due to the non-cash accounting impact of the planned lowering down of the inventory, rise in supply chain costs, and unfavorable mix and commodity headwinds, which were partly offset by the company's initiatives to boost material cost performance.
Adjusted selling, general and administrative (SG&A) expenses totaled $797.6 million or 35.2% of sales in the quarter under review compared with $767.1 billion or 34% in the second quarter of fiscal 2016.
Adjusted operating income fell to $195.5 million from $243.1 million in the prior-year quarter.
Dividend
On Aug 10, 2017, the board of directors of Advance Auto Parts declared a regular quarterly dividend of 6 cents per share. The dividend will be paid on Oct 6, 2017, to stockholders on record as of Sep 22, 2017.
Financial Position
Advance Auto Parts had cash and cash equivalents of $257.2 million as of Jul 15, 2017, up from $135.2 million as of Dec 31, 2016. Total long-term debt was $1.04 billion as of Jul 15, 2017, almost unchanged from the figure as of Dec 31, 2016.
For the fiscal second quarter, operating cash flow was $267.3 million compared with $208.4 million in the year-ago period.
Store Update
As of Jul 15, 2017, Advance Auto Parts operated 5,073 stores and 131 Worldpac branches and served approximately 1,250 independently owned Carquest stores.
How Have Estimates Been Moving Since Then?
Following the release, investors have witnessed a downward trend in fresh estimates. There have been seven revisions lower for the current quarter.
Advance Auto Parts Inc Price and Consensus
Advance Auto Parts Inc Price and Consensus | Advance Auto Parts Inc Quote
VGM Scores
At this time, the stock has a subpar Growth Score of D, though it is lagging a bit on the momentum front with an F. 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 D. If you aren't focused on one strategy, this score is the one you should be interested in.
The company's stock is suitable solely for value based on our styles scores.
Outlook
Estimates have been broadly trending downward for the stock and the magnitude of this revision also indicates a downward shift. It's no surprise that the stock has a Zacks Rank #5 (Strong Sell). We are expecting a below average 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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It has been about a month since the last earnings report for Advance Auto Parts IncAAP . 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 positive trend continue leading up to the stock's next earnings release, or is it due for a pullback?
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It has been about a month since the last earnings report for Advance Auto Parts IncAAP . 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 Earnings Miss in Q2, Decline Y/Y Advance Auto Parts reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter.
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It has been about a month since the last earnings report for Advance Auto Parts IncAAP . 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 Earnings Miss in Q2, Decline Y/Y Advance Auto Parts reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter.
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It has been about a month since the last earnings report for Advance Auto Parts IncAAP . 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 Earnings Miss in Q2, Decline Y/Y Advance Auto Parts reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter.
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11514.0
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2017-09-14 00:00:00 UTC
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Advance Auto Parts (AAP) Face Expense Woes: Time to Sell?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-face-expense-woes%3A-time-to-sell-2017-09-14
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On Sep 13, we issued an updated research report on Advance Auto Parts, Inc.AAP .
This Roanoke, VA-based company is engaged in automotive aftermarket industry, and sells replacement parts, accessories, batteries and maintenance items for cars, vans, sport utility vehicles, light and heavy trucks. Over the past 30 days, the stock has seen the Zacks Consensus Estimate for current-quarter earnings being revised 23.2% downward to $1.24 per share. During the same time, the Zacks Consensus Estimate for current-year earnings declined 17.9% to $5.18 per share.
The company is witnessing a rise in selling, general and administrative (SG&A) expenses. The rise can be attributed to higher investments in customer-focused strategies. Also, elevated expenses pertaining to medical, insurance and support center worsened the situation. Auto Parts has underperformed the industry it belongs to over the last six months. The company's shares have lost 34.6% compared with a 21.7% decline registered by the industry.
Also, improved quality of new vehicles is a cause for concern for the company. Enhanced quality of new vehicles can result in lower demand for repair and maintenance parts, as customers are likely to buy new vehicles instead of maintaining old ones. This is adversely affecting the sales of Advance Auto Parts.
Also, in the in the second quarter of fiscal 2017 (ended Jul 15, 2017), Advance Auto Parts reported a 16.8% decline in adjusted earnings to $1.58 per share compared with $1.90 in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of $1.65.
Advance Auto Parts currently carries a Zacks Rank #5 (Strong Sell).
A few better-ranked automobile stocks are Toyota Motor Corp. TM , Daimler AG DDAIF and Volkswagen AG VLKAY . While Toyota and Daimler sport a Zacks Rank #1 (Strong Buy), Volkswagen carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Toyota has a long-term growth rate of 7%.
Daimler has an expected long-term earnings growth rate of 2.8%
Volkswagen has an expected long-term earnings growth rate of 8.9%
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Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report
Daimler AG (DDAIF): Free Stock Analysis Report
Volkswagen AG (VLKAY): 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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On Sep 13, we issued an updated research report on Advance Auto Parts, Inc.AAP . Click to get this free report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Volkswagen AG (VLKAY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. This Roanoke, VA-based company is engaged in automotive aftermarket industry, and sells replacement parts, accessories, batteries and maintenance items for cars, vans, sport utility vehicles, light and heavy trucks.
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Click to get this free report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Volkswagen AG (VLKAY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. On Sep 13, we issued an updated research report on Advance Auto Parts, Inc.AAP . While Toyota and Daimler sport a Zacks Rank #1 (Strong Buy), Volkswagen carries a Zacks Rank #2 (Buy).
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Click to get this free report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Volkswagen AG (VLKAY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. On Sep 13, we issued an updated research report on Advance Auto Parts, Inc.AAP . While Toyota and Daimler sport a Zacks Rank #1 (Strong Buy), Volkswagen carries a Zacks Rank #2 (Buy).
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On Sep 13, we issued an updated research report on Advance Auto Parts, Inc.AAP . Click to get this free report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Volkswagen AG (VLKAY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Also, in the in the second quarter of fiscal 2017 (ended Jul 15, 2017), Advance Auto Parts reported a 16.8% decline in adjusted earnings to $1.58 per share compared with $1.90 in the prior-year quarter.
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11515.0
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2017-09-13 00:00:00 UTC
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Should You Get Rid of Advance Auto Parts (AAP) Now?
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AAP
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https://www.nasdaq.com/articles/should-you-get-rid-of-advance-auto-parts-aap-now-2017-09-13
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Advance Auto Parts, Inc.AAP , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAP.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 12 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $7.67 a share a month ago to its current level of $6.25.
Also, for the current quarter, Advance Auto Parts has seen 10 downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to $1.24 a share from $1.83 over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 13.7% in the past month.
Advance Auto Parts Inc Price and Consensus
Advance Auto Parts Inc Price and Consensus | Advance Auto Parts Inc Quote
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the Automotive - Retail and Wholesale - Parts industry, you may instead consider a better-ranked stock - CarMax Inc KMX . The stock currently holds a Zacks Rank #2 (Buy) and may be a better selection at this time. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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CarMax Inc (KMX): Free Stock Analysis 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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One such stock that you may want to consider dropping is Advance Auto Parts, Inc.AAP , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAP. Click to get this free report CarMax Inc (KMX): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report CarMax Inc (KMX): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is Advance Auto Parts, Inc.AAP , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAP.
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One such stock that you may want to consider dropping is Advance Auto Parts, Inc.AAP , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. Click to get this free report CarMax Inc (KMX): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAP.
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Click to get this free report CarMax Inc (KMX): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is Advance Auto Parts, Inc.AAP , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAP.
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11516.0
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2017-08-31 00:00:00 UTC
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Auto Stock Roundup: Harvey Hits Badly, Honda to Launch Electric-Vehicles in 2018
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-harvey-hits-badly-honda-to-launch-electric-vehicles-in-2018-2017-08-31
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nan
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In an otherwise somber week, Hurricane Harvey gave a severe jolt to many industries, including auto. In fact, Harvey, which devastated the Houston area, home to more than 500 auto dealerships, will have a grave impact on the auto space that is already grappling with challenges.
Notably, Texas is the second-largest auto market in the United States, after California. The Houston metropolitan area is also the leading auto sales market in Texas and the entire Gulf Coast. Several dealerships had to be closed in the aftermath of the hurricane. The storm also damaged numerous trucks and cars parked in the dealership lots. This has prompted some analysts to cut their August vehicles sales estimates.
On the other hand, global automakers continue to expand their network in China, thanks to the increasing urgency of manufacturing electric vehicles. The latest addition to this list is Honda Motor Company HMC , which has announced its plans of launching two fully electric-vehicles in 2018, of which one will be launched in China and the other in Europe.
(Read the previous roundup here: Auto Stock Roundup for Aug 24, 2017 )
Recap of the Week's Most Important Stories
1. General Motors Company GM has shared details of its investment in Brazil. Per a Reuters report, the company has invested $603 million (1.9 billion reais) in its Joinville factory in southern Brazil. The company also announced capital spending of 1.2 billion reais in its plant on the outskirts of Sao Paulo.
Notably, General Motors is raising capacity investment in emerging markets to enhance its global sales. The company expects half of the global sales growth by 2030 to come from emerging markets. The company is trying to gain from growth in emerging countries through product launches and new plants.
Together with a recent announcement related to the southern Gravatai plant, the investments total 4.5 billion reais and a capital spending sums up to 13 billion reais between 2014 and 2020 (read more: General Motors Divulges Investment Details in Brazil ).
Currently, General Motors has a Zacks Rank #3 (Hold).
2. Toyota Motor Corporation's TM holding company, Toyota Motor North America, announced that it will build a group in order to emphasize the development of user experiences and new technologies. These new, advanced in-car technologies will be added to the Toyota and Lexus vehicles.
The newly built Connected Technologies will consist of roughly 100 positions and will comprise employees from the existing teams of connected vehicles, information systems and research and development. This new group is in sync with the company's One Toyota structure.
The new unit will comprise Toyota's planning, development, engineering and performance for connected service and hardware systems to enable it to develop and customize in-car experiences for customers (read more: Toyota Forms a Group to Enhance In-Car User Experiences ).
Currently, Toyota has a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
3. Ford Motor Company F has partnered with Domino's Pizza to gauge if self-driving automobiles can play a pivotal role in pizza delivery.
Researchers of both the companies will analyze how customers react to this interaction with the self-driving cars as part of food-delivery experiences. The findings will enable both the organizations to get a feel of customers' viewpoint for future food delivery via self-driving automobiles.
This study will further help Ford in ensuring that the self-driving technology only amplifies customers' experience. This partnership with Domino's supports Ford to move toward a business that meets the needs of both the companies as well as their customers (read more: Ford & Domino's to Test Pizza Delivery via Self-Driving Cars ).
Currently, Ford has a Zacks Rank #3.
4. BorgWarner Inc. BWA supplies oil pump chains for Toyota's newly launched eight-speed automatic transmission. The company supplies 6.35 mm silent oil pump chain for manufacturing new 2.5-liter Camry. Further, the new eight-speed automatic transmission will be used to serve the purpose of a transmission program, to be held next year.
Per Joel Wiegert, president and general manager, BorgWarner Morse Systems, the company is offering locally manufactured oil pump chains for Toyota in the United States. However, prior to this move, the company was already an oil pump chain supplier for Toyota in Japan.
Good news is that BorgWarner's continued global expansion has enabled it to start its own oil pump manufacturing facility in the United States (read more: BorgWarner's Pump Chains Bat for Silent Toyota Transmission ).
Currently, BorgWarner has a Zacks Rank #2 (Buy).
5. Per Business Insider , Honda Motor Company HMC plans to launch two fully electric-vehicles in 2018, of which one will be launched in China and the other in Europe.
In June, Honda announced the upcoming launch of its electric-vehicle model in China, the world's largest market for electric vehicles. With the expected number of electric-vehicle sales in China to exceed 4 million by 2025, these launches will help Honda to strengthen its presence in the country.
For the European market, the company will be launching its Urban EV Concept, the first electric-vehicle for its European customers.
These electric vehicle launches are in line with Honda's Vision 2030 strategy plan, which will have an increased focus on research and development in electric vehicles and self-driving technology. Further, the company also aims to electrify two-third of its automobiles by 2030.
Currently, the company sells all-electric Clarity in the U.S. that has a range of 89 miles per charge (read more: Honda to Launch Electric Cars in Europe and China ).
Performance
Among these stocks, last week, Advance Auto Parts AAP registered the maximum increase. On the other hand, Toyota's share price fell the most.
In the last six months, Tesla in the only stock whose price has risen, while Advance Auto Parts registered the steepest decline.
What's Next in the Auto Space?
With the earnings season over, stay tuned for the usual news updates in the space.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Learn more >>
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
Ford Motor Company (F): Free Stock Analysis Report
General Motors Company (GM): Free Stock Analysis Report
Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report
Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
BorgWarner Inc. (BWA): 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 Among these stocks, last week, Advance Auto Parts AAP registered the maximum increase. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report BorgWarner Inc. (BWA): Free Stock Analysis Report To read this article on Zacks.com click here. Per Joel Wiegert, president and general manager, BorgWarner Morse Systems, the company is offering locally manufactured oil pump chains for Toyota in the United States.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report BorgWarner Inc. (BWA): Free Stock Analysis Report To read this article on Zacks.com click here. Performance Among these stocks, last week, Advance Auto Parts AAP registered the maximum increase. The new unit will comprise Toyota's planning, development, engineering and performance for connected service and hardware systems to enable it to develop and customize in-car experiences for customers (read more: Toyota Forms a Group to Enhance In-Car User Experiences ).
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report BorgWarner Inc. (BWA): Free Stock Analysis Report To read this article on Zacks.com click here. Performance Among these stocks, last week, Advance Auto Parts AAP registered the maximum increase. Toyota Motor Corporation's TM holding company, Toyota Motor North America, announced that it will build a group in order to emphasize the development of user experiences and new technologies.
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Performance Among these stocks, last week, Advance Auto Parts AAP registered the maximum increase. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report BorgWarner Inc. (BWA): Free Stock Analysis Report To read this article on Zacks.com click here. The new unit will comprise Toyota's planning, development, engineering and performance for connected service and hardware systems to enable it to develop and customize in-car experiences for customers (read more: Toyota Forms a Group to Enhance In-Car User Experiences ).
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11517.0
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2017-08-24 00:00:00 UTC
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Auto Stock Roundup: Ford Beefs Up Electric Cars, Harley & Thor in Focus
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-ford-beefs-up-electric-cars-harley-thor-in-focus-2017-08-24
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It has been a mixed week for auto stocks. While most auto companies continued their bearish run, a few managed to make gains too.
Also, the significance of electric cars and the alacrity of the auto companies were felt during the week. Ford Motor Company F has shown keen interest in growth, manufacturing and after-sales servicing of all-electric passenger models in China.
In fact, competition from foreign SUVs and electric cars has necessitated these auto companies to prepare for the future differently. However, that does not mean that these companies have taken their eyes off the present.
A few auto companies are already mulling over ride-hailing services. Auto parts companies are also teaming up with other companies to enhance vehicle safety for self-driving cars.
(Read the previous roundup here: Auto Stock Roundup for Aug 17, 2017 )
Recap of the Week's Most Important Stories
1. Lear Corporation LEA announced the closing of the offering of $750 million aggregate principal amount of 3.80% senior unsecured notes. For the Southfield, MI-based company, this move is expected to boost the financial flexibility and position it well to take advantage of conducive market conditions.
Lear Corporation is a leading global supplier of automotive seating systems, electrical distribution systems and electronics. The company utilized the net proceeds generated from the refinancing transactions to redeem $500 million senior unsecured notes due 2023, lowering the borrowings under the term-loan facility by around $200 million, and pay related fees and expenses. The proceeds were also spent on general corporate purposes. This has given a boost to the financial flexibility of the company (read more: Lear Closes Offering of $750M Senior Unsecured Notes ).
Currently, Lear Corporation has a Zacks Rank # 3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. Delphi Automotive PLC DLPH , Gillingham, England-based manufacturer of vehicle components and supplier of technology for automotive and commercial vehicles, has teamed up with Israel-based Innoviz Technologies for enhancing vehicle safety of self-driving cars. Notably, before tying up with Innoviz Technologies, which develops advanced remote-sensing solutions for mass commercialization of autonomous vehicles, Delphi made a minor investment in that company.
Notably, automakers are now putting tremendous efforts to build self-driving cars. These companies are investing in sensors that aid cars navigate on roads with potholes and pale lane markings.
Innoviz's LiDAR remote-sensing solutions enable self-driving cars to spot objects at far distances. This in turn allows cars to travel safely at high speed. In fact, several self-driving experts are now considering LiDAR a vital component, alongside other sensors such as radar and camera (read more: Delphi, Innoviz Tie up for Self-Driving Solutions ).
Currently, Delhi has a Zacks Rank # 3.
3. Jayco, Inc., a subsidiary of Thor Industries, Inc. THO has announced another expansion in its Middlebury campus. The much-awaited expansion will include two new production lines for the Jay Flight brand - North America's #1 selling travel trailer. Ground breaking on a 237,000 square foot mega-facility will occur at the end of September.
The expansion is likely to enhance efficiencies as well as raise production capacity for several other Jayco brands. The new mega-facility will create 300 new jobs to the Middlebury campus.
Currently, Thor Industries has a Zacks Rank # 3.
4. Ford has signed a Memorandum of Understanding (MoU) with Anhui Zotye Automobile Co., Ltd., an all-electric vehicles manufacturer in China. The objective of the MoU is to inspect the formation of a joint venture, which will look after the growth, manufacturing and after-sales servicing of all-electric passenger models in China.
The goals of MoU is in line with Ford's vision of sustainable auto growth and addressing issues related to climatic changes and air quality improvement.
Per Peter Fleet, group vice president and president of Ford Asia Pacific, electric automobiles will be a major part of China's future, and the company is excited about offering all-electric models in China, the largest auto market.
The vehicle manufactured will be sold under a brand owned by the joint venture that would aim for a sizable share in China's all-electric vehicle market.
Previous to this in Apr 2017, Ford announced vehicle electrification plans for China, including the launch of two new electric vehicles in the country. By 2025, the company aims to ensure 70% of vehicles sold in the country are electric (Read more: Ford to Produce All-Electric Cars in China Via Joint Venture ).
Currently, Ford has a Zacks Rank # 3.
5. Harley-Davidson Inc. HOG launched 13 new models as part of its product development initiative. Out of the 13 models, five are new touring bikes and eight are all-new Softail Big-Twin cruisers. This recent launch is part of the company's initiative to launch 100 new motorcycles by 2027.
Per Paul James, manager of product portfolio of Harley-Davidson, the new launches are for current riders and to attract new ones.
The eight new Softail models include- Fat Boy, Heritage Classic, Low Rider. Softail Slim, Deluxe, Breakout, Fat Bob and Street Bob.
All the newly launched models include the company's Milwaukee-Eight engine. Other added features include daymaker LED headlamps, a USB charging port, an improved electrical system for charging and fuel tanks (read more : Harley-Davidson Introduces 13 New Motorcycle Models ).
Harley-Davidson currently carries a Zacks Rank #5 (Strong Sell).
Performance
Among these stocks, in the least week, Tesla recorded the maximum decline. Among the gainers, Advance Auto Parts, Inc. AAP is the frontrunner in the past week.
In the last six months, Tesla in the only stock whose price has risen, while Advance Auto Parts registered the steepest decline.
What's Next in the Auto Space?
With the earnings season over, stay tuned for the usual news updates in the space.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Learn more >>
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
Ford Motor Company (F): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Lear Corporation (LEA): Free Stock Analysis Report
Delphi Automotive PLC (DLPH): Free Stock Analysis Report
Thor Industries, Inc. (THO): Free Stock Analysis Report
Harley-Davidson, Inc. (HOG): 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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Among the gainers, Advance Auto Parts, Inc. AAP is the frontrunner in the past week. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Lear Corporation (LEA): Free Stock Analysis Report Delphi Automotive PLC (DLPH): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, before tying up with Innoviz Technologies, which develops advanced remote-sensing solutions for mass commercialization of autonomous vehicles, Delphi made a minor investment in that company.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Lear Corporation (LEA): Free Stock Analysis Report Delphi Automotive PLC (DLPH): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Among the gainers, Advance Auto Parts, Inc. AAP is the frontrunner in the past week. This has given a boost to the financial flexibility of the company (read more: Lear Closes Offering of $750M Senior Unsecured Notes ).
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Lear Corporation (LEA): Free Stock Analysis Report Delphi Automotive PLC (DLPH): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Among the gainers, Advance Auto Parts, Inc. AAP is the frontrunner in the past week. Auto parts companies are also teaming up with other companies to enhance vehicle safety for self-driving cars.
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Among the gainers, Advance Auto Parts, Inc. AAP is the frontrunner in the past week. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Lear Corporation (LEA): Free Stock Analysis Report Delphi Automotive PLC (DLPH): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. It has been a mixed week for auto stocks.
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11518.0
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2017-08-21 00:00:00 UTC
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Chinese Stock Is Gaining Ground
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AAP
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https://www.nasdaq.com/articles/chinese-stock-gaining-ground-2017-08-21
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nan
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nan
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The U.S. stock market opened mixed, with the two of the three main indexes slipping into negative territory.
Shares of 58.com Inc. ( WUBA ), however, were up about 10% in morning trading on the back of the company reporting better-than-expected earnings for its second quarter. EPS of 66 cents beat expectations by 46 cents and revenue of $382.81 million beat estimates by $45.61 million and grew 28.5% year over year.
The gross margin was 90.9%, down from 91.8% in the comparable quarter of 2016. Income from operations was $86 million and non-GAAP income from operations was $105.7 million, which were both higher compared to the same period of 2016.
Net income reached $79.6 million and non-GAAP net income was $97.7 million. Moreover, basic and diluted earnings per share were 55 cents and 54 cents, respectively. Non-GAAP basic and diluted EPS were 67 cents and 66 cents, respectively.
"We are excited to report that revenues significantly exceeded the higher end of our guidance during the quarter," Michael Yao, chairman and CEO, said. "We are making solid progress in developing new and innovative products across various categories. Our mobile app traffic continues to grow rapidly and is accounting for a larger portion of our total traffic."
Gainers
Freeport-McMoRan Inc. ( FCX ), Advance Auto Parts Inc. ( AAP ), Johnson Controls International PLC ( JCI ) and Varian Medical Systems Inc. ( VAR ).
Losers
Foot Locker Inc. (FL), Ulta Beauty Inc. (ULTA), Nike Inc. (NKE) and Snap-on Inc. (SNA).
Global Markets
The main European stock markets traded lower. The FTSE 100, German DAX and the French CAC 40 lost about 0.5%, while the IBEX 35 rose 0.05%.
In Asia, China's Shanghai Composite Index and Hong Kong's Hang Seng Index were in green territory, while Japan's Nikkei and India's BSE Sensex closed down.
Disclosure : The author holds no positions in any stocks mentioned.
Warning! GuruFocus has detected 4 Warning Sign with PSXP. Click here to check it out.
PSXP 15-Year Financial Data
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Peter Lynch Chart of PSXP
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This article first appeared on GuruFocus .
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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Gainers Freeport-McMoRan Inc. ( FCX ), Advance Auto Parts Inc. ( AAP ), Johnson Controls International PLC ( JCI ) and Varian Medical Systems Inc. ( VAR ). Income from operations was $86 million and non-GAAP income from operations was $105.7 million, which were both higher compared to the same period of 2016. Net income reached $79.6 million and non-GAAP net income was $97.7 million.
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Income from operations was $86 million and non-GAAP income from operations was $105.7 million, which were both higher compared to the same period of 2016. Net income reached $79.6 million and non-GAAP net income was $97.7 million. Non-GAAP basic and diluted EPS were 67 cents and 66 cents, respectively.
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Income from operations was $86 million and non-GAAP income from operations was $105.7 million, which were both higher compared to the same period of 2016. Net income reached $79.6 million and non-GAAP net income was $97.7 million. Non-GAAP basic and diluted EPS were 67 cents and 66 cents, respectively.
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Income from operations was $86 million and non-GAAP income from operations was $105.7 million, which were both higher compared to the same period of 2016. Net income reached $79.6 million and non-GAAP net income was $97.7 million. Non-GAAP basic and diluted EPS were 67 cents and 66 cents, respectively.
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11519.0
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2017-08-17 00:00:00 UTC
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Analysts See 10% Upside For The Holdings of VOT
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AAP
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https://www.nasdaq.com/articles/analysts-see-10-upside-holdings-vot-2017-08-17
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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 Vanguard Mid-Cap Growth ETF (Symbol: VOT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $129.99 per unit.
With VOT trading at a recent price near $118.23 per unit, that means that analysts see 9.95% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VOT's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Energen Corp. (Symbol: EGN), and EQT Corp (Symbol: EQT). Although AAP has traded at a recent price of $91.51/share, the average analyst target is 49.04% higher at $136.38/share. Similarly, EGN has 38.37% upside from the recent share price of $48.08 if the average analyst target price of $66.53/share is reached, and analysts on average are expecting EQT to reach a target price of $72.69/share, which is 19.64% above the recent price of $60.76. Below is a twelve month price history chart comparing the stock performance of AAP, EGN, and EQT:
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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Although AAP has traded at a recent price of $91.51/share, the average analyst target is 49.04% higher at $136.38/share. Below is a twelve month price history chart comparing the stock performance of AAP, EGN, and EQT: 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 VOT's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Energen Corp. (Symbol: EGN), and EQT Corp (Symbol: EQT).
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Three of VOT's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Energen Corp. (Symbol: EGN), and EQT Corp (Symbol: EQT). Although AAP has traded at a recent price of $91.51/share, the average analyst target is 49.04% higher at $136.38/share. Below is a twelve month price history chart comparing the stock performance of AAP, EGN, and EQT: 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, EGN, and EQT: 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 VOT's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Energen Corp. (Symbol: EGN), and EQT Corp (Symbol: EQT). Although AAP has traded at a recent price of $91.51/share, the average analyst target is 49.04% higher at $136.38/share.
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Three of VOT's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Energen Corp. (Symbol: EGN), and EQT Corp (Symbol: EQT). Although AAP has traded at a recent price of $91.51/share, the average analyst target is 49.04% higher at $136.38/share. Below is a twelve month price history chart comparing the stock performance of AAP, EGN, and EQT: 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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11520.0
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2017-08-17 00:00:00 UTC
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Advance Auto Parts (AAP) Surges: Stock Moves 5.1% Higher
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-surges%3A-stock-moves-5.1-higher-2017-08-17
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nan
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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 more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $87.08 - $114.48 in the past one-month time frame, witnessed a sharp increase yesterday.
The stock moved higher, regaining some of the ground that it lost in Tuesday's market session when it reported lower-than-expected second-quarter 2017 results.
The company has seen eight negative estimate revisions 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.
Advance Auto Parts currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Advance Auto Parts Inc Price and Consensus
Advance Auto Parts Inc Price and Consensus | Advance Auto Parts Inc Quote
A better-ranked stock in the Automotive - Retail and Wholesale - Parts industry is CarMax Inc. KMX which carries 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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This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Learn more >>
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CarMax Inc (KMX): Free Stock Analysis 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, Inc.AAP was a big mover last session, as the company saw its shares rise more than 5% on the day. Is AAP going up? Click to get this free report CarMax Inc (KMX): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report CarMax Inc (KMX): Free Stock Analysis Report Advance Auto Parts Inc (AAP): 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 more than 5% on the day. Is AAP going up?
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Click to get this free report CarMax Inc (KMX): Free Stock Analysis Report Advance Auto Parts Inc (AAP): 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 more than 5% 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 more than 5% on the day. Click to get this free report CarMax Inc (KMX): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Is AAP going up?
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11521.0
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2017-08-17 00:00:00 UTC
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Auto Stock Roundup: Tesla Upsizes Model 3 Funds, General Motors Expands Ride and Delivery
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-tesla-upsizes-model-3-funds-general-motors-expands-ride-and-delivery
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nan
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nan
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Traditional U.S. auto companies are facing challenges. A decline in July sales for most of these companies, have prompted a business reorientation.
Competition from foreign SUVs and electric cars has necessitated these auto companies to prepare for the future differently. However, that does not mean that these companies have taken their eyes off the present.
A few auto companies are already mulling over ride-hailing services, which is presently dominated by Uber and Lyft. Moreover, these companies are gearing up for the purchase of artificial intelligence and robotics startups to keep their market share in tact.
(Read the previous roundup here: Auto Stock Roundup for Aug 10, 2017 )
Recap of the Week's Most Important Stories
1. Tesla Inc. TSLA has announced that it will issue and sell $1.80 billion in aggregate principal amount of senior notes due in 2025. The announcement came barely a week after the first announcement of raising $1.5 billion, through the offering of senior notes due 2025. The company intends to use the proceeds of these notes offering to support the production of its latest Model 3 sedan and other corporate objectives.
Tesla is set to sell $1.8 billion of eight-year unsecured bonds at a 5.25% yield. In fact, despite a spate of skepticisms, there has been no dearth of funds for Tesla to popularize electric cars. In the second quarter, Tesla made total cash investment of $1.16 billion for development of Model 3's capacity and to amplify its battery output. Launched in Jul 2017, the price of the new sedan vehicle starts at $35,000 (read more: Tesla Upsizes Notes Offering for Model 3 Production ).
Currently, Tesla has a Zacks Rank # 3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. Lear Corporation LEA has announced that its Board of Directors has declared a quarterly cash dividend of 50 cents per share. The dividend will be paid on Sep 19, 2017 to shareholders of record as of Aug 31, 2017.
Currently, Lear Corporation carries a Zacks Rank #3.
3. Advance Auto Parts Inc. AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of $1.65. Adjusted net income declined to $117 million from $141 million in the second quarter of fiscal 2016.
Advance Auto Parts came up with revenues of $2.26 billion, almost in line with the Zacks Consensus Estimate.
Revenues were 0.3% higher than the year-ago quarter figure. During the quarter, comparable store sales (comps) were almost flat year over year (read more: Advance Auto Parts Earnings Miss in Q2, Decline Y/Y ).
Currently, Advance Auto Parts has a Zacks Rank # 5 (Strong Sell).
4. Per a Reuters report, General Motors Company's (GM) car-sharing operation Maven is taking initiatives to expand its partnerships in ride and delivery services. Maven has decided to take such a step because its parent, General Motors, is mulling over entering the on-demand mobility business, which is presently controlled by Uber Technologies and Lyft Inc.
However, Maven has already taken steps to pull out from Lyft, in which General Motors holds a 9% stake. With its own Gig leasing business, Maven can now offer the automaker ride-sharing drivers (read more : General Motors' Maven Expands Ride and Delivery Services ).
Currently, General Motors has a Zacks Rank # 3.
5. Toyota Motor Corporation TM has teamed up with Servco Pacific Inc. (Servco) to test a new car-sharing technology in Honolulu, Hawaii. The suite of software and services are designed to enable dealers and distributors to launch car-share programs in local markets. Moreover, this is an important part of Toyota's Mobility Services Platform (MSPF), which will offer various functions to enable a more convenient mobility experience.
Currently, Toyota has a Zacks Rank # 3.
Performance
Among these stocks, General Motors is the only stock which recorded positive price movement in the last one week. All other stocks declined in the last one week. Advance Auto Parts registered the maximum decrease of 16.2% in the past week.
In the last six months, Tesla in the only stock stocks whose price has risen, while Advance Auto Parts registered the steepest decline.
What's Next in the Auto Space?
The earnings season for the quarter ending Jun 30, 2017 is nearing its end. However, a few auto companies are yet to report their results.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Learn more >>
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 Corp Ltd Ord (TM): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Lear Corporation (LEA): 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 reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Lear Corporation (LEA): Free Stock Analysis Report To read this article on Zacks.com click here. Launched in Jul 2017, the price of the new sedan vehicle starts at $35,000 (read more: Tesla Upsizes Notes Offering for Model 3 Production ).
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Advance Auto Parts Inc. AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Lear Corporation (LEA): Free Stock Analysis Report To read this article on Zacks.com click here. During the quarter, comparable store sales (comps) were almost flat year over year (read more: Advance Auto Parts Earnings Miss in Q2, Decline Y/Y ).
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Advance Auto Parts Inc. AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Lear Corporation (LEA): Free Stock Analysis Report To read this article on Zacks.com click here. In the last six months, Tesla in the only stock stocks whose price has risen, while Advance Auto Parts registered the steepest decline.
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Advance Auto Parts Inc. AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Lear Corporation (LEA): Free Stock Analysis Report To read this article on Zacks.com click here. All other stocks declined in the last one week.
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11522.0
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2017-08-16 00:00:00 UTC
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Stock Market News For August 16, 2017
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AAP
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https://www.nasdaq.com/articles/stock-market-news-for-august-16-2017-2017-08-16
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nan
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nan
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Benchmarks ended mixed on Tuesday despite better than expected retail data and a de-escalation in tensions with North Korea. Weaker than expected earnings from Home Depot weighed on the Dow and pared gains for the blue-chip index. However, the Dow ended in the green following gains from American Express and Apple. The S&P 500 ended in the red overall losses in the market because of the slump in the retail sector. The Nasdaq also ended in the negative territory due to broad based losses for the markets.
The Dow Jones Industrial Average (DJIA) closed at 21,998.99, advancing 5.28 points or less than 0.1%. The S&P 500 Index (INX) declined 1.23 points to close at 2,464.61. Meanwhile, the Nasdaq Composite Index (IXIC) closed at 6,333.01, increasing 7.22 points or 0.1%. Declining issues outnumbered advancers on the NYSE by 1,799 to 946. On the Nasdaq, decliners outnumbered advancers by a 1,671 to 1,016.
Retail Sales Notch Up a Seven Month High
Sales at U.S. retailers recorded their biggest increase in seven months in July. Retail sales advanced 0.6% last month, the best performance since a gain of 0.9% last December, according to the Commerce Department. Retail sales jumped 4.2% in the past twelve months, which is near the five-year average. Excluding auto and gasoline, retail sales rose 0.5% in July. In fact, excluding automobiles, gasoline, building materials and food services, retail sales went up 0.6% last month. June's retails sales were also revised to show a 0.3% gain, in contrast to the previously reported 0.2% decline. May's retail sales were revised up to show no change instead of the earlier report of a 0.1% dip.
The lion's share of the spurt in July retail sales was attributable to a pickup in demand for autos and to what is now a national event, Amazon Prime Day. The annual event, during which consumers flock to Amazon.com AMZN for the year's best shopping deals, contributed to gains for every product category. The Department of Commerce's report reflects this as a 1.3% monthly increase in what is categorized as non-store retail spending. But for the sudden spurt in auto sales, other notable movements in the consumer spending report also have crucial linkages with Amazon. For instance, the decline in sales at electronics stores is likely a result of most consumers opting to buy this category of products from online alternatives, possibly Amazon.
Amazon Fells the Traditional Retail Sector
While Amazon did end the day around 0.1% lower, investor attention was largely fixed on the fall in traditional retail stocks. Target Corporation TGT , Nordstrom, Inc. JWN , Kohl's Corporation KSS and Dollar General Corporation DG declined 2.6%, 1.5%, 1.5% and 3.8%, respectively. Only Wal-Mart Stores, Inc. WMT ended the day unscathed, notching up a minor increase of 0.1%.
The Dow closed higher for the third day on Tuesday. The blue-chip index notched 45 points earlier in the day. These gains were offset by weak earnings from the retail sector. The biggest drag on the Dow was falling shares of Home Depot HD . The home-improvement company cut about 30 points from the Dow. Such a turn of events makes it amply clear that the company is not immune to "Amazonification" despite its status as a leading specialty retailer. This is particularly surprising since Do-It-Yourself (DIY) and professional customers form Home Depot's core audience. But the move to sell Kenmore devices via Amazon indicates that even the building products behemoth is now susceptible to the rising power of the Kindle and Fire Stick maker. (Read More: Home Depot (HD) Beats on Q2 Earnings & Sales Estimates August 15, 2017 )
Telecom, Consumer Discretionary Stocks Drag S&P 500 Lower
The S&P 500 declined on Tuesday as the telecom and consumer-discretionary sectors disappointed. Five of the eleven primary sectors ended in the red, led by consumer discretionary. The Consumer Discretionary Select Sector SPDR (XLY) was down 0.9%. Moreover, Advance Auto Parts Inc. AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of $1.65. Adjusted net income declined to $117 million from $141 million in the second quarter of fiscal 2016. (Read More: Advance Auto Parts (AAP) Earnings Miss in Q2, Decline Y/Y ).
Stocks That Made Headlines
AT&T's DirecTV Receives $3.95B Fine for Deceptive Ad Suit
U.S. telecom behemoth AT&T Inc.'s T DirecTV deceptive advertising lawsuit filed by the Federal Trade Commission in Mar 2015, is currently on trial in the federal court. ( Read More )
Kansas City Southern Announces Dividend Hike & New Buyback
Kansas City Southern KSU announced that its board of directors has approved of a new share repurchase program. ( Read More )
Andeavor Logistics to Acquire Pipeline Operator for $1.5B
Pipeline operator, Andeavor Logistics LP ANDX announced recently that it will acquire rival Western Refining Logistics LP WNRL to extend its hold in the prolific Permian Basin, TX. (Read More )
Nabors Acquires Tesco for $215M in an All-Stock Deal
Drilling contractor Nabors Industries Ltd. NBR recently announced plans to acquire Houston-based drilling player Tesco Corporation TESO to consolidate the oilfield services industry further . ( Read More )
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 trillionaries," 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
Kansas City Southern (KSU): Free Stock Analysis Report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
AT&T Inc. (T): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Home Depot, Inc. (The) (HD): Free Stock Analysis Report
Tesco Corporation (TESO): Free Stock Analysis Report
Nabors Industries Ltd. (NBR): Free Stock Analysis Report
Western Refining Logistics, LP (WNRL): Free Stock Analysis Report
Nordstrom, Inc. (JWN): Free Stock Analysis Report
Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report
Dollar General Corporation (DG): Free Stock Analysis Report
Target Corporation (TGT): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
FT-LC GROWTH (FTC): ETF Research Reports
Tesoro Logistics LP (ANDX): 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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Moreover, Advance Auto Parts Inc. AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. (Read More: Advance Auto Parts (AAP) Earnings Miss in Q2, Decline Y/Y ). Click to get this free report Kansas City Southern (KSU): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Free Stock Analysis Report AT&T Inc. (T): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Home Depot, Inc. (The) (HD): Free Stock Analysis Report Tesco Corporation (TESO): Free Stock Analysis Report Nabors Industries Ltd. (NBR): Free Stock Analysis Report Western Refining Logistics, LP (WNRL): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Target Corporation (TGT): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report FT-LC GROWTH (FTC): ETF Research Reports Tesoro Logistics LP (ANDX): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Kansas City Southern (KSU): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Free Stock Analysis Report AT&T Inc. (T): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Home Depot, Inc. (The) (HD): Free Stock Analysis Report Tesco Corporation (TESO): Free Stock Analysis Report Nabors Industries Ltd. (NBR): Free Stock Analysis Report Western Refining Logistics, LP (WNRL): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Target Corporation (TGT): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report FT-LC GROWTH (FTC): ETF Research Reports Tesoro Logistics LP (ANDX): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, Advance Auto Parts Inc. AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. (Read More: Advance Auto Parts (AAP) Earnings Miss in Q2, Decline Y/Y ).
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Click to get this free report Kansas City Southern (KSU): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Free Stock Analysis Report AT&T Inc. (T): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Home Depot, Inc. (The) (HD): Free Stock Analysis Report Tesco Corporation (TESO): Free Stock Analysis Report Nabors Industries Ltd. (NBR): Free Stock Analysis Report Western Refining Logistics, LP (WNRL): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Target Corporation (TGT): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report FT-LC GROWTH (FTC): ETF Research Reports Tesoro Logistics LP (ANDX): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, Advance Auto Parts Inc. AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. (Read More: Advance Auto Parts (AAP) Earnings Miss in Q2, Decline Y/Y ).
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Moreover, Advance Auto Parts Inc. AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. (Read More: Advance Auto Parts (AAP) Earnings Miss in Q2, Decline Y/Y ). Click to get this free report Kansas City Southern (KSU): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Free Stock Analysis Report AT&T Inc. (T): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Home Depot, Inc. (The) (HD): Free Stock Analysis Report Tesco Corporation (TESO): Free Stock Analysis Report Nabors Industries Ltd. (NBR): Free Stock Analysis Report Western Refining Logistics, LP (WNRL): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Target Corporation (TGT): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report FT-LC GROWTH (FTC): ETF Research Reports Tesoro Logistics LP (ANDX): Free Stock Analysis Report To read this article on Zacks.com click here.
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11523.0
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2017-08-16 00:00:00 UTC
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Why American Eagle Outfitters, Advance Auto Parts, and Freeport-McMoRan Jumped Today
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AAP
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https://www.nasdaq.com/articles/why-american-eagle-outfitters-advance-auto-parts-and-freeport-mcmoran-jumped-today-2017-08
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nan
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nan
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Wednesday was another relatively calm day for the stock market, although the business world had to deal with contentious news that involved several key industry leaders. Politics in Washington remained in turmoil as two business advisory councils to the White House came to an abrupt end amid controversy surrounding President Trump's response to the violence in Charlottesville over the weekend. With earnings season drawing to a close, the market continued to look relatively directionless, but news from a few select companies led to some major moves higher. American Eagle Outfitters (NYSE: AEO) , Advance Auto Parts (NYSE: AAP) , and Freeport-McMoRan (NYSE: FCX) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.
American Eagle climbs on retail optimism
Shares of American Eagle Outfitters finished higher by 5%, building on enthusiasm that started yesterday in the wake of a positive analyst move from professionals at FBR Capital . Analysts upgraded shares of the teen retailer from neutral to buy, arguing that any risk from the downward pressure on brick-and-mortar mall retailers is already reflected in the stock's price. Moreover, with investors already expecting little from the company, the potential for positive surprises is greater. Today's favorable earnings news from an industry peer also created some excitement, and the prospect that retail could be hitting bottom is an attractive idea for American Eagle investors.
Advance bounces back
Advance Auto Parts stock jumped 5%, regaining some of the ground that it lost in Tuesday's market session. The news yesterday was dominated by Advance Auto's earnings , which featured a revenue gain of just 0.3% on flat comparable-store sales and a 17% drop in adjusted earnings per share. Even worse, Advance said that it expected tough conditions to persist throughout 2017, with annual comps falling 1% to 3%. Today's gains seemed to reflect the idea that the market might have overreacted with its 20% drop yesterday. Yet even with today's recovery, Advance Auto has lost roughly 15% of its value in just the past two days.
Freeport looks shinier
Finally, shares of Freeport-McMoRan rose 6%. The copper and gold miner got bad news from its Indonesian business unit, where flash floods have led to one worker having gone missing as well as extensive property damage to a power plant associated with its mining operations there. Yet investors seemed to focus on improving commodity prices for key metals, as gold climbed and copper hit its best levels in close to three years. Even though the oil markets were weaker, hurting Freeport's energy business, the prospects for better results from the mining business are encouraging for shareholders. After lackluster performance throughout much of the year, Freeport has plenty of room to play catch-up.
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* Stock Advisor returns as of August 1, 2017.
Dan Caplinger has no position in any stocks mentioned. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold. 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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American Eagle Outfitters (NYSE: AEO) , Advance Auto Parts (NYSE: AAP) , and Freeport-McMoRan (NYSE: FCX) were among the best performers on the day. Politics in Washington remained in turmoil as two business advisory councils to the White House came to an abrupt end amid controversy surrounding President Trump's response to the violence in Charlottesville over the weekend. Today's favorable earnings news from an industry peer also created some excitement, and the prospect that retail could be hitting bottom is an attractive idea for American Eagle investors.
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American Eagle Outfitters (NYSE: AEO) , Advance Auto Parts (NYSE: AAP) , and Freeport-McMoRan (NYSE: FCX) were among the best performers on the day. American Eagle climbs on retail optimism Shares of American Eagle Outfitters finished higher by 5%, building on enthusiasm that started yesterday in the wake of a positive analyst move from professionals at FBR Capital . 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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American Eagle Outfitters (NYSE: AEO) , Advance Auto Parts (NYSE: AAP) , and Freeport-McMoRan (NYSE: FCX) were among the best performers on the day. American Eagle climbs on retail optimism Shares of American Eagle Outfitters finished higher by 5%, building on enthusiasm that started yesterday in the wake of a positive analyst move from professionals at FBR Capital . Advance bounces back Advance Auto Parts stock jumped 5%, regaining some of the ground that it lost in Tuesday's market session.
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American Eagle Outfitters (NYSE: AEO) , Advance Auto Parts (NYSE: AAP) , and Freeport-McMoRan (NYSE: FCX) were among the best performers on the day. American Eagle climbs on retail optimism Shares of American Eagle Outfitters finished higher by 5%, building on enthusiasm that started yesterday in the wake of a positive analyst move from professionals at FBR Capital . Moreover, with investors already expecting little from the company, the potential for positive surprises is greater.
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11524.0
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2017-08-15 00:00:00 UTC
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S&P 500 Movers: AAP, WYNN
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AAP
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https://www.nasdaq.com/articles/sp-500-movers-aap-wynn-2017-08-15
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In early trading on Tuesday, shares of Wynn Resorts topped the list of the day's best performing components of the S&P 500 index, trading up 4.1%. Year to date, Wynn Resorts registers a 54.3% gain.
And the worst performing S&P 500 component thus far on the day is Advance Auto Parts, trading down 19.9%. Advance Auto Parts is lower by about 48.2% looking at the year to date performance.
Two other components making moves today are Coach, trading down 12.2%, and Synchrony Financial, trading up 3.4% on the day.
VIDEO: S&P 500 Movers: AAP, WYNN
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: AAP, WYNN 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, Wynn Resorts registers a 54.3% gain. And the worst performing S&P 500 component thus far on the day is Advance Auto Parts, trading down 19.9%.
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VIDEO: S&P 500 Movers: AAP, WYNN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing S&P 500 component thus far on the day is Advance Auto Parts, trading down 19.9%. 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: AAP, WYNN 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 Wynn Resorts topped the list of the day's best performing components of the S&P 500 index, trading up 4.1%. And the worst performing S&P 500 component thus far on the day is Advance Auto Parts, trading down 19.9%.
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VIDEO: S&P 500 Movers: AAP, WYNN 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 Wynn Resorts topped the list of the day's best performing components of the S&P 500 index, trading up 4.1%. And the worst performing S&P 500 component thus far on the day is Advance Auto Parts, trading down 19.9%.
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11525.0
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2017-08-15 00:00:00 UTC
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Mid-Morning Market Update: Markets Edge Lower; Home Depot Profit Tops Expectations
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AAP
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-edge-lower-home-depot-profit-tops-expectations-2017-08
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nan
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nan
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Following the market opening Tuesday, the Dow traded down 0.05 percent to 21,983.34 while the NASDAQ declined 0.23 percent to 6,325.62. The S&P also fell, dropping 0.12 percent to 2,462.96.
Leading and Lagging Sectors
Tuesday morning, the non-cyclical consumer goods & services shares climbed by 0.56 percent.
In trading on Tuesday, energy shares fell by 0.82 percent. Meanwhile, top losers in the sector included Atwood Oceanics, Inc. (NYSE: ATW ), down 8 percent, and Diamond Offshore Drilling Inc (NYSE: DO ) down 8 percent.
Top Headline
Home Depot Inc (NYSE: HD ) reported better-than-expected earnings for its second quarter and raised its full-year guidance.
Home Depot earned $2.25 per share in the second quarter on revenue of $28.1 billion. Analysts were expecting the company to earn $2.21 per share on revenue of $27.8 billion. Comparable store sales in the U.S. rose 6.6 percent while comp sales for the whole company rose 6.3 percent.
Looking forward, the company expects full-year 2017 sales to rise 5.3 percent versus 2016 and for comp sales to be up around 5.5 percent.
Equities Trading UP
Extreme Networks, Inc (NASDAQ: EXTR ) shares shot up 12 percent to $10.40 after the company reported better-than-expected results for its fourth quarter and issued a strong forecast for the current quarter.
Shares of Helios and Matheson Analytics Inc (NASDAQ: HMNY ) got a boost, shooting up 11 percent to $3.11 as the company reported a deal to buy majority stake in MoviePass.
Crossroads Systems Inc (NASDAQ: CRDS ) shares were also up, gaining 37 percent to $2.99 as the company disclosed that it has filed a Chapter 11 case and a prepackaged Chapter 11 plan of reorganization. The company also reported that CRDS Investment LLC will invest $4 million in return for a 49.49 percent ownership of the company.
Equities Trading DOWN
Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 20 percent to $87.71 after the company reported weaker-than-expected profit for its second quarter.
Shares of Dicks Sporting Goods Inc (NYSE: DKS ) were down 18 percent to $28.80 after the company reported downbeat earnings for its second quarter and lowered its FY17 guidance.
Myomo Inc (NYSE: MYO ) was down, falling around 16 percent to $6.08. Myomo reported a Q2 loss of $3.35 per share on sales of $307,000.
Commodities
In commodity news, oil traded down 0.55 percent to $47.33 while gold traded down 1.33 percent to $1,273.20.
Silver traded down 2.99 percent Tuesday to $16.62, while copper fell 0.36 percent to $2.894.
Eurozone
European shares were higher today. The eurozone's STOXX 600 gained 0.37 percent, the Spanish Ibex Index rose 0.31 percent, while Italy's FTSE MIB Index surged 1.72 percent. Meanwhile the German DAX climbed 0.52 percent, and the French CAC 40 gained 0.68 percent while U.K. shares rose 0.55 percent.
Economics
U.S. retail sales rose 0.6 percent for July, versus economists' expectations for a 0.4 percent growth.
The Empire State manufacturing index climbed to 25.20 in August, versus prior reading of 9.80. Economists were expecting a reading of 10.00.
U.S. import prices rose 0.10 percent for July, versus economists' estimates for a 0.10 percent gain.
U.S. business inventories gained 0.5 percent for June, beating economists' expectations for a 0.4 percent growth.
The NAHB housing market index rose to 68.00 in August, versus previous reading of 64.00. Economists projected a reading of 65.00.
The Treasury is set to auction 4-and 52-week bills at 11:30 a.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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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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Equities Trading DOWN Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 20 percent to $87.71 after the company reported weaker-than-expected profit for its second quarter. Shares of Helios and Matheson Analytics Inc (NASDAQ: HMNY ) got a boost, shooting up 11 percent to $3.11 as the company reported a deal to buy majority stake in MoviePass. Shares of Dicks Sporting Goods Inc (NYSE: DKS ) were down 18 percent to $28.80 after the company reported downbeat earnings for its second quarter and lowered its FY17 guidance.
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Equities Trading DOWN Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 20 percent to $87.71 after the company reported weaker-than-expected profit for its second quarter. Top Headline Home Depot Inc (NYSE: HD ) reported better-than-expected earnings for its second quarter and raised its full-year guidance. Looking forward, the company expects full-year 2017 sales to rise 5.3 percent versus 2016 and for comp sales to be up around 5.5 percent.
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Equities Trading DOWN Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 20 percent to $87.71 after the company reported weaker-than-expected profit for its second quarter. Comparable store sales in the U.S. rose 6.6 percent while comp sales for the whole company rose 6.3 percent. The eurozone's STOXX 600 gained 0.37 percent, the Spanish Ibex Index rose 0.31 percent, while Italy's FTSE MIB Index surged 1.72 percent.
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Equities Trading DOWN Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 20 percent to $87.71 after the company reported weaker-than-expected profit for its second quarter. In trading on Tuesday, energy shares fell by 0.82 percent. Economists were expecting a reading of 10.00.
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11526.0
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2017-08-15 00:00:00 UTC
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Advance Auto Parts Enters Oversold Territory (AAP)
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-enters-oversold-territory-aap-2017-08-15
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Tuesday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 21.7, after changing hands as low as $82.93 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 56.5. A bullish investor could look at AAP's 21.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAP shares:
Looking at the chart above, AAP's low point in its 52 week range is $82.25 per share, with $177.83 as the 52 week high point - that compares with a last trade of $82.60.
Find out what 9 other oversold stocks you need to know about »
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 Tuesday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 21.7, after changing hands as low as $82.93 per share. A bullish investor could look at AAP's 21.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $82.25 per share, with $177.83 as the 52 week high point - that compares with a last trade of $82.60.
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The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $82.25 per share, with $177.83 as the 52 week high point - that compares with a last trade of $82.60. In trading on Tuesday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 21.7, after changing hands as low as $82.93 per share. A bullish investor could look at AAP's 21.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Tuesday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 21.7, after changing hands as low as $82.93 per share. The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $82.25 per share, with $177.83 as the 52 week high point - that compares with a last trade of $82.60. A bullish investor could look at AAP's 21.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Tuesday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 21.7, after changing hands as low as $82.93 per share. A bullish investor could look at AAP's 21.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $82.25 per share, with $177.83 as the 52 week high point - that compares with a last trade of $82.60.
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11527.0
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2017-08-15 00:00:00 UTC
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Why Advance Auto Parts Shares Are Spiraling 22% Lower
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AAP
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https://www.nasdaq.com/articles/why-advance-auto-parts-shares-are-spiraling-22-lower-2017-08-15
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nan
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What happened
Shares of Advance Auto Parts (NYSE: AAP) , one of the industry's leading retailers of aftermarket automotive parts, tools, and accessories for the do-it-yourself (DIY) consumer, are spiraling 22% lower as of 10:45 a.m. EDT after the company released second-quarter results that had investors jumping ship.
So what
Considering Advance Auto Parts' 22% plunge Tuesday morning, you might expect a more drastic top and bottom-line decline than what's been reported. Advance's top-line revenue checked in at $2.26 billion, which was right on point with analysts' estimates, and its adjusted earnings per share checked in at $1.58, which missed analyst expectations for $1.65 per share -- but not the type of miss you'd expect for a decrease in share price of more than 20%.
And while the retailer's comparable-store sales were flat, compared to the prior year, that was better than the expected 0.2% decline. One of the issues investors likely have with the company's second-quarter results is that guidance is for comparable-store sales to drop between 1% and 3% for the full year, which is worse than estimates hoping for a more modest 0.5% drop.
Now what
"In our view, the industry headwinds that have been highlighted by AAP's public peers will only further complicate the margin dynamics associated with the company's recovery," said Guggenheim's analyst Steven Forbes, according to Barron's . Investors are also likely considering the possibility that Amazon.com (NASDAQ: AMZN) will soon take aim at aftermarket automotive parts as its reach into seemingly any industry with its e-commerce prowess knows no limit. And why would investors be willing to hold shares of a retailer that Amazon could disrupt when the near term offers little upside? The answer is that many investors aren't willing to do so.
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. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Advance Auto Parts wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of August 1, 2017
Daniel Miller has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Amazon. 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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Now what "In our view, the industry headwinds that have been highlighted by AAP's public peers will only further complicate the margin dynamics associated with the company's recovery," said Guggenheim's analyst Steven Forbes, according to Barron's . What happened Shares of Advance Auto Parts (NYSE: AAP) , one of the industry's leading retailers of aftermarket automotive parts, tools, and accessories for the do-it-yourself (DIY) consumer, are spiraling 22% lower as of 10:45 a.m. EDT after the company released second-quarter results that had investors jumping ship. So what Considering Advance Auto Parts' 22% plunge Tuesday morning, you might expect a more drastic top and bottom-line decline than what's been reported.
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What happened Shares of Advance Auto Parts (NYSE: AAP) , one of the industry's leading retailers of aftermarket automotive parts, tools, and accessories for the do-it-yourself (DIY) consumer, are spiraling 22% lower as of 10:45 a.m. EDT after the company released second-quarter results that had investors jumping ship. Now what "In our view, the industry headwinds that have been highlighted by AAP's public peers will only further complicate the margin dynamics associated with the company's recovery," said Guggenheim's analyst Steven Forbes, according to Barron's . After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.
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What happened Shares of Advance Auto Parts (NYSE: AAP) , one of the industry's leading retailers of aftermarket automotive parts, tools, and accessories for the do-it-yourself (DIY) consumer, are spiraling 22% lower as of 10:45 a.m. EDT after the company released second-quarter results that had investors jumping ship. Now what "In our view, the industry headwinds that have been highlighted by AAP's public peers will only further complicate the margin dynamics associated with the company's recovery," said Guggenheim's analyst Steven Forbes, according to Barron's . Advance's top-line revenue checked in at $2.26 billion, which was right on point with analysts' estimates, and its adjusted earnings per share checked in at $1.58, which missed analyst expectations for $1.65 per share -- but not the type of miss you'd expect for a decrease in share price of more than 20%.
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What happened Shares of Advance Auto Parts (NYSE: AAP) , one of the industry's leading retailers of aftermarket automotive parts, tools, and accessories for the do-it-yourself (DIY) consumer, are spiraling 22% lower as of 10:45 a.m. EDT after the company released second-quarter results that had investors jumping ship. Now what "In our view, the industry headwinds that have been highlighted by AAP's public peers will only further complicate the margin dynamics associated with the company's recovery," said Guggenheim's analyst Steven Forbes, according to Barron's . * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Advance Auto Parts wasn't one of them!
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11528.0
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2017-08-15 00:00:00 UTC
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Advance Auto Parts (AAP) Earnings Miss in Q2, Decline Y/Y
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-earnings-miss-in-q2-decline-y-y-2017-08-15
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Advance Auto Parts Inc.AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of $1.65. Adjusted net income declined to $117 million from $141 million in the second quarter of fiscal 2016.
Advance Auto Parts came up with revenues of $2.26 billion, almost in line with the Zacks Consensus Estimate.
Revenues were 0.3% higher than the year-ago quarter figure. During the quarter, comparable store sales (comps) were almost flat year over year.
Gross profit declined to $993.1 million in the reported quarter from $1.01 billion a year ago. Gross margin declined to 43.9% from 44.8% in the prior-year quarter primarily due to the non-cash accounting impact of the planned lowering down of the inventory, rise in supply chain costs, and unfavorable mix and commodity headwinds, which were partly offset by the company's initiatives to boost material cost performance.
Adjusted selling, general and administrative (SG&A) expenses totaled $797.6 million or 35.2% of sales in the quarter under review compared with $767.1 billion or 34% in the second quarter of fiscal 2016.
Adjusted operating income fell to $195.5 million from $243.1 million in the prior-year quarter.
Dividend
On Aug 10, 2017, the board of directors of Advance Auto Parts declared a regular quarterly dividend of 6 cents per share. The dividend will be paid on Oct 6, 2017, to stockholders on record as of Sep 22, 2017.
Financial Position
Advance Auto Parts had cash and cash equivalents of $257.2 million as of Jul 15, 2017, up from $135.2 million as of Dec 31, 2016. Total long-term debt was $1.04 billion as of Jul 15, 2017, almost unchanged from the figure as of Dec 31, 2016.
For the fiscal second quarter, operating cash flow was $267.3 million compared with $208.4 million in the year-ago period.
Store Update
As of Jul 15, 2017, Advance Auto Parts operated 5,073 stores and 131 Worldpac branches and served approximately 1,250 independently owned Carquest stores.
Advance Auto Parts currently carries a Zacks Rank #5 (Strong Sell).
A few better-ranked automobile stocks are Fox Factory Holding Corp. FOXF , Cummins Inc. CMI and Ferrari N.V. RACE , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Fox Factory has a long-term growth rate of 16%.
Cummins has an expected long-term earnings growth rate of 12%.
Ferrari has an expected earnings growth rate of 14.1% in the long run.
Advance Auto Parts Inc Price, Consensus and EPS Surprise
Advance Auto Parts Inc Price, Consensus and EPS Surprise | Advance Auto Parts Inc Quote
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Advance Auto Parts Inc (AAP): Free Stock Analysis Report
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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 reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned 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 Ferrari N.V. (RACE): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report To read this article on Zacks.com click here. Gross profit declined to $993.1 million in the reported quarter from $1.01 billion a year ago.
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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 Ferrari N.V. (RACE): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned in the prior-year quarter. A few better-ranked automobile stocks are Fox Factory Holding Corp. FOXF , Cummins Inc. CMI and Ferrari N.V. RACE , each carrying a Zacks Rank #2 (Buy).
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Advance Auto Parts Inc.AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned 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 Ferrari N.V. (RACE): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc Price, Consensus and EPS Surprise Advance Auto Parts Inc Price, Consensus and EPS Surprise | Advance Auto Parts Inc Quote Zacks' 10-Minute Stock-Picking Secret Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year.
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Advance Auto Parts Inc.AAP reported a 16.8% decline in adjusted earnings to $1.58 per share in the second quarter of fiscal 2017 (ended Jul 15, 2017) from $1.90 earned 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 Ferrari N.V. (RACE): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report To read this article on Zacks.com click here. Gross profit declined to $993.1 million in the reported quarter from $1.01 billion a year ago.
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11529.0
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2017-08-15 00:00:00 UTC
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Mid-Day Market Update: Advance Auto Parts Drops On Earnings Miss; Xplore Technologies Shares Surge
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AAP
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https://www.nasdaq.com/articles/mid-day-market-update-advance-auto-parts-drops-earnings-miss-xplore-technologies-shares
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nan
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nan
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Midway through trading Tuesday, the Dow traded up 0.03 percent to 21,999.90 while the NASDAQ declined 0.03 percent to 6,338.49. The S&P also fell, dropping 0.01 percent to 2,465.67.
Leading and Lagging Sectors
On Tuesday, the non-cyclical consumer goods & services shares climbed by 0.81 percent.
In trading on Tuesday, energy shares fell by 0.75 percent. Meanwhile, top losers in the sector included Zion Oil & Gas, Inc. (NASDAQ: ZN ), down 13 percent, and Contango Oil & Gas Company (NYSE: MCF ) down 7 percent.
Top Headline
Home Depot Inc (NYSE: HD ) reported better-than-expected earnings for its second quarter and raised its full-year guidance.
Home Depot earned $2.25 per share in the second quarter on revenue of $28.1 billion. Analysts were expecting the company to earn $2.21 per share on revenue of $27.8 billion. Comparable store sales in the U.S. rose 6.6 percent while comp sales for the whole company rose 6.3 percent.
Looking forward, the company expects full-year 2017 sales to rise 5.3 percent versus 2016 and for comp sales to be up around 5.5 percent.
Equities Trading UP
Extreme Networks, Inc (NASDAQ: EXTR ) shares shot up 11 percent to $10.34 after the company reported better-than-expected results for its fourth quarter and issued a strong forecast for the current quarter.
Shares of Xplore Technologies Corp. (NASDAQ: XPLR ) got a boost, shooting up 15 percent to $2.76 as the company disclosed a partnership with DCT Solutions for XSLATE D10 rugged tablet platform.
Crossroads Systems Inc (NASDAQ: CRDS ) shares were also up, gaining 24 percent to $2.70 as the company disclosed that it has filed a Chapter 11 case and a prepackaged Chapter 11 plan of reorganization. The company also reported that CRDS Investment LLC will invest $4 million in return for a 49.49 percent ownership of the company.
Equities Trading DOWN
Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 23 percent to $84.19 after the company reported weaker-than-expected profit for its second quarter.
Shares of Dicks Sporting Goods Inc (NYSE: DKS ) were down 21 percent to $27.48 after the company reported downbeat earnings for its second quarter and lowered its FY17 guidance.
Myomo Inc (NYSE: MYO ) was down, falling around 16 percent to $6.08. Myomo reported a Q2 loss of $3.35 per share on sales of $307,000.
Commodities
In commodity news, oil traded down 0.17 percent to $47.51 while gold traded down 0.93 percent to $1,278.40.
Silver traded down 2.73 percent Tuesday to $16.655, while copper fell 0.59 percent to $2.8875.
Eurozone
European shares were higher today. The eurozone's STOXX 600 gained 0.09 percent, the Spanish Ibex Index rose 0.19 percent, while Italy's FTSE MIB Index surged 1.72 percent. Meanwhile the German DAX climbed 0.10 percent, and the French CAC 40 gained 0.36 percent while U.K. shares rose 0.41 percent.
Economics
U.S. retail sales rose 0.6 percent for July, versus economists' expectations for a 0.4 percent growth.
The Empire State manufacturing index climbed to 25.20 in August, versus prior reading of 9.80. Economists were expecting a reading of 10.00.
U.S. import prices rose 0.10 percent for July, versus economists' estimates for a 0.10 percent gain.
U.S. business inventories gained 0.5 percent for June, beating economists' expectations for a 0.4 percent growth.
The NAHB housing market index rose to 68.00 in August, versus previous reading of 64.00. Economists projected a reading of 65.00.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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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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Equities Trading DOWN Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 23 percent to $84.19 after the company reported weaker-than-expected profit for its second quarter. Shares of Xplore Technologies Corp. (NASDAQ: XPLR ) got a boost, shooting up 15 percent to $2.76 as the company disclosed a partnership with DCT Solutions for XSLATE D10 rugged tablet platform. Shares of Dicks Sporting Goods Inc (NYSE: DKS ) were down 21 percent to $27.48 after the company reported downbeat earnings for its second quarter and lowered its FY17 guidance.
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Equities Trading DOWN Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 23 percent to $84.19 after the company reported weaker-than-expected profit for its second quarter. Meanwhile, top losers in the sector included Zion Oil & Gas, Inc. (NASDAQ: ZN ), down 13 percent, and Contango Oil & Gas Company (NYSE: MCF ) down 7 percent. Looking forward, the company expects full-year 2017 sales to rise 5.3 percent versus 2016 and for comp sales to be up around 5.5 percent.
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Equities Trading DOWN Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 23 percent to $84.19 after the company reported weaker-than-expected profit for its second quarter. Comparable store sales in the U.S. rose 6.6 percent while comp sales for the whole company rose 6.3 percent. The eurozone's STOXX 600 gained 0.09 percent, the Spanish Ibex Index rose 0.19 percent, while Italy's FTSE MIB Index surged 1.72 percent.
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Equities Trading DOWN Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 23 percent to $84.19 after the company reported weaker-than-expected profit for its second quarter. Economics U.S. retail sales rose 0.6 percent for July, versus economists' expectations for a 0.4 percent growth. Economists were expecting a reading of 10.00.
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2017-08-15 00:00:00 UTC
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Advance Auto Parts (AAP) Misses on Q2 Earnings
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https://www.nasdaq.com/articles/advance-auto-parts-aap-misses-on-q2-earnings-2017-08-15
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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 (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks. It is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" (or Commercial) customers.
Let's take a quick look at this U.S.-based automotive aftermarket company's first-quarter release.
Estimate Trend & Surprise History
Investors should note that prior to its second-quarter earnings release, Zacks Consensus Estimate is showing a declining trend in the last one month.
Last quarter, the company delivered a negative earnings surprise of 24.5%. In fact, in three of the trailing four quarters, the company recorded earnings miss and on one occasion, it beat the estimate. The average surprise in the trailing 12 months came in at negative 10.8%.
Advance Auto Parts Inc Price and EPS Surprise
Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote
Earnings
Advance Auto Parts raked in adjusted earnings of $1.58 per share that missed the Zacks Consensus Estimate of $1.65. Adjusted earnings were lower than $1.90 recorded in the year-ago quarter.
Revenues
Advance Auto Parts logged revenues of $2.26 billion, almost in line with the Zacks Consensus Estimate. Revenues were slightly higher than the year-ago quarter figure.
Key Stats/Developments to Note
As of Jul 15, 2017, Advance Auto Parts operated 5,073 stores and 131 Worldpac branches and served approximately 1,250 independently owned Carquest stores.
Zacks Rank
Advance Auto Parts currently has a Zacks Rank #5 (Strong Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Check back later for our full write up on Advance Auto Parts earning report!
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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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Advance Auto Parts Inc.AAP operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. It is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" (or Commercial) customers.
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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 (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks. 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 Price and EPS Surprise Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote Earnings Advance Auto Parts raked in adjusted earnings of $1.58 per share that missed the Zacks Consensus Estimate of $1.65.
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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 (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks. 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 Price and EPS Surprise Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote Earnings Advance Auto Parts raked in adjusted earnings of $1.58 per share that missed the Zacks Consensus Estimate of $1.65.
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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 (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks. 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 average surprise in the trailing 12 months came in at negative 10.8%.
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2017-08-15 00:00:00 UTC
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Consumer Sector Update for 08/15/2017: BABA,CLMS,AAP
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https://www.nasdaq.com/articles/consumer-sector-update-08152017-babaclmsaap-2017-08-15
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Top Consumer Stocks
WMT +0.30%
MCD +0.26%
DIS +0.21%
CVS -0.04%
KO +0.82%
Consumer stocks were ending broadly mixed today, with shares of consumer staples companies in the S&P 500 set to finish with a a 0.6% gain while shares of consumer discretionary firms in the S&P 500 were sinking almost 0.8%.
In company news, shares of Chinese online retailer Alibaba Group Holding Ltd ( BABA ) were trading higher in late Tuesday trading following reports it is preparing to soon bring its smartphone-based payment platform to customers in Japan.
The new platform will debut next spring through the Japenese arm of the company's Ant Financial Services Group, according to Nikkei Asian Review. The new digital payment system reportedly will be tailored for the Japanese market under a new brand name, with shoppers able to load money into or link a bank account to the smartphone app, which also will be able to read merchant's QR codes.
In other sector news,
(+) CMLS, Q2 revenue climbs 1.5% over year-ago levels to $290.5 mln, beating the Capital IQ consensus by $3.5 mln. EPS of $0.19 matches analyst mean.
(-) AAP, Slumps to four-year low after adjusted Q2 EPS of $1.58 per share misses Capital IQ consensus by $0.08 per share. Net sales were little changed from last year at $2.26 bln, in-line with Street views. Sees FY17 sales falling between 2% to 3%.
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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(-) AAP, Slumps to four-year low after adjusted Q2 EPS of $1.58 per share misses Capital IQ consensus by $0.08 per share. In company news, shares of Chinese online retailer Alibaba Group Holding Ltd ( BABA ) were trading higher in late Tuesday trading following reports it is preparing to soon bring its smartphone-based payment platform to customers in Japan. The new platform will debut next spring through the Japenese arm of the company's Ant Financial Services Group, according to Nikkei Asian Review.
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(-) AAP, Slumps to four-year low after adjusted Q2 EPS of $1.58 per share misses Capital IQ consensus by $0.08 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.
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(-) AAP, Slumps to four-year low after adjusted Q2 EPS of $1.58 per share misses Capital IQ consensus by $0.08 per share. Consumer stocks were ending broadly mixed today, with shares of consumer staples companies in the S&P 500 set to finish with a a 0.6% gain while shares of consumer discretionary firms in the S&P 500 were sinking almost 0.8%. In company news, shares of Chinese online retailer Alibaba Group Holding Ltd ( BABA ) were trading higher in late Tuesday trading following reports it is preparing to soon bring its smartphone-based payment platform to customers in Japan.
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(-) AAP, Slumps to four-year low after adjusted Q2 EPS of $1.58 per share misses Capital IQ consensus by $0.08 per share. Consumer stocks were ending broadly mixed today, with shares of consumer staples companies in the S&P 500 set to finish with a a 0.6% gain while shares of consumer discretionary firms in the S&P 500 were sinking almost 0.8%. Net sales were little changed from last year at $2.26 bln, in-line with Street views.
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2017-08-15 00:00:00 UTC
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Mid-Afternoon Market Update: Extreme Networks Surges After Strong Q4 Results; Dicks Sporting Goods Shares Slide
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AAP
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https://www.nasdaq.com/articles/mid-afternoon-market-update-extreme-networks-surges-after-strong-q4-results-dicks-sporting
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Toward the end of trading Tuesday, the Dow traded up 0.11 percent to 22,018.06 while the NASDAQ gained 0.02 percent to 6,341.55. The S&P also rose, gaining 0.08 percent to 2,467.89.
Leading and Lagging Sectors
Tuesday afternoon, the non-cyclical consumer goods & services shares climbed by 0.89 percent.
In trading on Tuesday, cyclical consumer goods & services shares fell by 0.61 percent. Meanwhile, top losers in the sector included Dicks Sporting Goods Inc (NYSE: DKS ), down 22 percent, and Advance Auto Parts, Inc. (NYSE: AAP ) down 20 percent.
Top Headline
Home Depot Inc (NYSE: HD ) reported better-than-expected earnings for its second quarter and raised its full-year guidance.
Home Depot earned $2.25 per share in the second quarter on revenue of $28.1 billion. Analysts were expecting the company to earn $2.21 per share on revenue of $27.8 billion. Comparable store sales in the U.S. rose 6.6 percent while comp sales for the whole company rose 6.3 percent.
Looking forward, the company expects full-year 2017 sales to rise 5.3 percent versus 2016 and for comp sales to be up around 5.5 percent.
Equities Trading UP
Extreme Networks, Inc (NASDAQ: EXTR ) shares shot up 11 percent to $10.32 after the company reported better-than-expected results for its fourth quarter and issued a strong forecast for the current quarter.
Shares of Interpace Diagnostics Group Inc (NASDAQ: IDXG ) got a boost, shooting up 28 percent to $1.06. Maxim Group initiated coverage on Interpace Diagnostics Group with a Buy rating.
Crossroads Systems Inc (NASDAQ: CRDS ) shares were also up, gaining 21 percent to $2.64 as the company disclosed that it has filed a Chapter 11 case and a prepackaged Chapter 11 plan of reorganization. The company also reported that CRDS Investment LLC will invest $4 million in return for a 49.49 percent ownership of the company.
Equities Trading DOWN
Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 20 percent to $87.31 after the company reported weaker-than-expected profit for its second quarter.
Shares of Dicks Sporting Goods Inc (NYSE: DKS ) were down 22 percent to $27.25 after the company reported downbeat earnings for its second quarter and lowered its FY17 guidance. Stifel Nicolaus downgraded Dick's Sporting from Buy to Hold.
TearLab Corp (NASDAQ: TEAR ) was down, falling around 23 percent to $1.67. TearLab reported a Q2 loss of $3.9 million.
Commodities
In commodity news, oil traded up 0.02 percent to $47.60 while gold traded down 1.02 percent to $1,277.20.
Silver traded down 2.79 percent Tuesday to $16.645, while copper fell 0.77 percent to $2.882.
Eurozone
European shares closed higher today. The eurozone's STOXX 600 gained 0.09 percent, the Spanish Ibex Index rose 0.19 percent, while Italy's FTSE MIB Index surged 1.72 percent. Meanwhile the German DAX climbed 0.10 percent, and the French CAC 40 gained 0.36 percent while U.K. shares rose 0.41 percent.
Economics
U.S. retail sales rose 0.6 percent for July, versus economists' expectations for a 0.4 percent growth.
The Empire State manufacturing index climbed to 25.20 in August, versus prior reading of 9.80. Economists were expecting a reading of 10.00.
U.S. import prices rose 0.10 percent for July, versus economists' estimates for a 0.10 percent gain.
U.S. business inventories gained 0.5 percent for June, beating economists' expectations for a 0.4 percent growth.
The NAHB housing market index rose to 68.00 in August, versus previous reading of 64.00. Economists projected a reading of 65.00.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
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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Equities Trading DOWN Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 20 percent to $87.31 after the company reported weaker-than-expected profit for its second quarter. Meanwhile, top losers in the sector included Dicks Sporting Goods Inc (NYSE: DKS ), down 22 percent, and Advance Auto Parts, Inc. (NYSE: AAP ) down 20 percent. Top Headline Home Depot Inc (NYSE: HD ) reported better-than-expected earnings for its second quarter and raised its full-year guidance.
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Meanwhile, top losers in the sector included Dicks Sporting Goods Inc (NYSE: DKS ), down 22 percent, and Advance Auto Parts, Inc. (NYSE: AAP ) down 20 percent. Equities Trading DOWN Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 20 percent to $87.31 after the company reported weaker-than-expected profit for its second quarter. Economics U.S. retail sales rose 0.6 percent for July, versus economists' expectations for a 0.4 percent growth.
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Meanwhile, top losers in the sector included Dicks Sporting Goods Inc (NYSE: DKS ), down 22 percent, and Advance Auto Parts, Inc. (NYSE: AAP ) down 20 percent. Equities Trading DOWN Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 20 percent to $87.31 after the company reported weaker-than-expected profit for its second quarter. Toward the end of trading Tuesday, the Dow traded up 0.11 percent to 22,018.06 while the NASDAQ gained 0.02 percent to 6,341.55.
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Equities Trading DOWN Advance Auto Parts, Inc. (NYSE: AAP ) shares dropped 20 percent to $87.31 after the company reported weaker-than-expected profit for its second quarter. Meanwhile, top losers in the sector included Dicks Sporting Goods Inc (NYSE: DKS ), down 22 percent, and Advance Auto Parts, Inc. (NYSE: AAP ) down 20 percent. The S&P also rose, gaining 0.08 percent to 2,467.89.
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2017-08-15 00:00:00 UTC
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Why Advance Auto Parts, Inc. (AAP) Is Tanking Today
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https://www.nasdaq.com/articles/why-advance-auto-parts-inc.-aap-is-tanking-today-2017-08-15
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Advance Auto Parts, Inc. (NYSE: AAP ) posted its quarterly earnings results Thursday, causing shares to fall.
The automotive parts provider earned $87 million , or $1.17 per share in its second quarter, compared to earnings of $124.6 million, or $1.68 per share in the year-ago quarter.
On an adjusted basis , Advance Auto Parts earned $1.58 per share, which missed Wall Street's consensus estimate of $1.65 per share, according to data compiled by FactSet .
Revenue came in at $2.26 billion, which was roughly in line with analysts' projections, based on Zacks Investment Research's data. This figure was 0.3% higher than the year-ago period.
Advance Auto Parts posted same-store sales that were flat, compared to expectations of a 0.2% decline. Gross profit fell to $993.1 million compared with the year-ago figure of $1.01 billion.
Gross margin also slumped to 43.9% from 44.8% in the year-ago period. The company recently declared a quarterly dividend of six cents per share.
"Our revised guidance for the year incorporates the impact of industry headwinds in the first half, which we expect to continue in the second half of the year and we are taking the appropriate actions to adapt to this environment," CEO Executive Tom Greco said in a statement.
The company predicts that full-year same-store sales will fall somewhere between 3% to 1%, which is wider than the outlook of a 0.5% decline. Advance Auto Parts is slated to open 60 to 65 new stores this year.
AAP stock fell 21.6% Tuesday.
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The post Why Advance Auto Parts, Inc. (AAP) Is Tanking Today 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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The 10 Best Dividend Stocks in Tech 7 Cheap Index Funds to Build Your Portfolio Around The post Why Advance Auto Parts, Inc. (AAP) Is Tanking Today appeared first on InvestorPlace . InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advance Auto Parts, Inc. (NYSE: AAP ) posted its quarterly earnings results Thursday, causing shares to fall. AAP stock fell 21.6% Tuesday.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advance Auto Parts, Inc. (NYSE: AAP ) posted its quarterly earnings results Thursday, causing shares to fall. AAP stock fell 21.6% Tuesday. The 10 Best Dividend Stocks in Tech 7 Cheap Index Funds to Build Your Portfolio Around The post Why Advance Auto Parts, Inc. (AAP) Is Tanking Today appeared first on InvestorPlace .
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advance Auto Parts, Inc. (NYSE: AAP ) posted its quarterly earnings results Thursday, causing shares to fall. AAP stock fell 21.6% Tuesday. The 10 Best Dividend Stocks in Tech 7 Cheap Index Funds to Build Your Portfolio Around The post Why Advance Auto Parts, Inc. (AAP) Is Tanking Today appeared first on InvestorPlace .
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advance Auto Parts, Inc. (NYSE: AAP ) posted its quarterly earnings results Thursday, causing shares to fall. AAP stock fell 21.6% Tuesday. The 10 Best Dividend Stocks in Tech 7 Cheap Index Funds to Build Your Portfolio Around The post Why Advance Auto Parts, Inc. (AAP) Is Tanking Today appeared first on InvestorPlace .
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2017-08-15 00:00:00 UTC
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Tuesday Sector Laggards: Services, Consumer Products
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https://www.nasdaq.com/articles/tuesday-sector-laggards-services-consumer-products-2017-08-15
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In afternoon trading on Tuesday, Services stocks are the worst performing sector, showing a 1.1% loss. Within the sector, Advance Auto Parts Inc (Symbol: AAP) and Signet Jewelers Ltd (Symbol: SIG) are two large stocks that are lagging, showing a loss of 21.4% and 5.3%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.6% on the day, and up 9.05% year-to-date. Advance Auto Parts Inc, meanwhile, is down 49.10% year-to-date, and Signet Jewelers Ltd, is down 42.53% year-to-date. Combined, AAP and SIG make up approximately 0.3% of the underlying holdings of IYC.
The next worst performing sector is the Consumer Products sector, showing a 0.5% loss. Among large Consumer Products stocks, Coach Inc (Symbol: COH) and Under Armour Inc (Symbol: UAA) are the most notable, showing a loss of 13.7% and 4.4%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is up 0.1% in midday trading, and up 11.49% on a year-to-date basis. Coach Inc, meanwhile, is up 19.98% year-to-date, and Under Armour Inc, is down 38.00% year-to-date. Combined, COH and UAA make up approximately 0.7% of the underlying holdings of IYK.
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 Tuesday. As you can see, one sector is up on the day, while six 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.
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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Combined, AAP and SIG make up approximately 0.3% of the underlying holdings of IYC. Within the sector, Advance Auto Parts Inc (Symbol: AAP) and Signet Jewelers Ltd (Symbol: SIG) are two large stocks that are lagging, showing a loss of 21.4% and 5.3%, respectively. In afternoon trading on Tuesday, Services stocks are the worst performing sector, showing a 1.1% loss.
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Within the sector, Advance Auto Parts Inc (Symbol: AAP) and Signet Jewelers Ltd (Symbol: SIG) are two large stocks that are lagging, showing a loss of 21.4% and 5.3%, respectively. Combined, AAP and SIG make up approximately 0.3% of the underlying holdings of IYC. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.6% on the day, and up 9.05% year-to-date.
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Within the sector, Advance Auto Parts Inc (Symbol: AAP) and Signet Jewelers Ltd (Symbol: SIG) are two large stocks that are lagging, showing a loss of 21.4% and 5.3%, respectively. Combined, AAP and SIG make up approximately 0.3% of the underlying holdings of IYC. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.6% on the day, and up 9.05% year-to-date.
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Within the sector, Advance Auto Parts Inc (Symbol: AAP) and Signet Jewelers Ltd (Symbol: SIG) are two large stocks that are lagging, showing a loss of 21.4% and 5.3%, respectively. Combined, AAP and SIG make up approximately 0.3% of the underlying holdings of IYC. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.6% on the day, and up 9.05% year-to-date.
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2017-08-15 00:00:00 UTC
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Consumer Sector Update for 08/15/2017: DKS,CLMS,AAP
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https://www.nasdaq.com/articles/consumer-sector-update-08152017-dksclmsaap-2017-08-15
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Top Consumer Stocks
WMT +0.56%
MCD +0.69%
DIS +0.14%
CVS +0.16%
KO +0.54%
Consumer stocks were broadly mixed Tuesday, with shares of consumer staples companies in the S&P 500 posting a 0.4% gain while shares of consumer discretionary firms in the S&P 500 were sinking over 0.7%.
In company news, Dicks Sporting Goods ( DKS ) stumbled to a nearly seven-year low, falling almost 22% to its lowest share price since September 2010 at $27.40 each after the specialty retailer reported non-GAAP Q2 net income trailing Wall Street expectations and also reduced its FY17 earnings outlook.
Excluding one-time items, the company earned $0.96 per share during the three months ended July 29, improving on an $0.82 per share adjusted profit during the same quarter last year but lagging the Capital IQ consensus by $0.04 per share as well as its own guidance expecting non-GAAP net income of $1.02 per share during the recently concluded reporting period.
Total revenue rose 9.6% over year-ago levels to $2.16 billion, matching the Street view for the quarter.
Dicks also lowered its FY17 earnings guidance to a new range of $2.80 to $3.00 per share, down from its prior forecast expecting an adjusted yearly profit between $3.65 to $3.75 per share and missing the analyst mean looking for $3.62 per share by a wide margin.
It also sees FY17 same-store sales remaining flat to down in the low percentage single digits. That compares with the company's previous guidance expecting a 1% to 3% advance this year.
In other sector news,
(+) CMLS, (+20.9%) Q2 revenue climbs 1.5% over year-ago levels to $290.5 mln, beating the Capital IQ consensus by $3.5 mln. EPS of $0.19 matches analyst mean.
(-) AAP, (-21.6%) Slumps to four-year low after adjusted Q2 EPS of $1.58 per share misses Capital IQ consensus by $0.08 per share. Net sales were little changed from last year at $2.26 bln, in-line with Street views. Sees FY17 sales falling between 2% to 3%.
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 company news, Dicks Sporting Goods ( DKS ) stumbled to a nearly seven-year low, falling almost 22% to its lowest share price since September 2010 at $27.40 each after the specialty retailer reported non-GAAP Q2 net income trailing Wall Street expectations and also reduced its FY17 earnings outlook. Excluding one-time items, the company earned $0.96 per share during the three months ended July 29, improving on an $0.82 per share adjusted profit during the same quarter last year but lagging the Capital IQ consensus by $0.04 per share as well as its own guidance expecting non-GAAP net income of $1.02 per share during the recently concluded reporting period. (-) AAP, (-21.6%) Slumps to four-year low after adjusted Q2 EPS of $1.58 per share misses Capital IQ consensus by $0.08 per share.
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In company news, Dicks Sporting Goods ( DKS ) stumbled to a nearly seven-year low, falling almost 22% to its lowest share price since September 2010 at $27.40 each after the specialty retailer reported non-GAAP Q2 net income trailing Wall Street expectations and also reduced its FY17 earnings outlook. (-) AAP, (-21.6%) Slumps to four-year low after adjusted Q2 EPS of $1.58 per share misses Capital IQ consensus by $0.08 per share. Excluding one-time items, the company earned $0.96 per share during the three months ended July 29, improving on an $0.82 per share adjusted profit during the same quarter last year but lagging the Capital IQ consensus by $0.04 per share as well as its own guidance expecting non-GAAP net income of $1.02 per share during the recently concluded reporting period.
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Excluding one-time items, the company earned $0.96 per share during the three months ended July 29, improving on an $0.82 per share adjusted profit during the same quarter last year but lagging the Capital IQ consensus by $0.04 per share as well as its own guidance expecting non-GAAP net income of $1.02 per share during the recently concluded reporting period. In company news, Dicks Sporting Goods ( DKS ) stumbled to a nearly seven-year low, falling almost 22% to its lowest share price since September 2010 at $27.40 each after the specialty retailer reported non-GAAP Q2 net income trailing Wall Street expectations and also reduced its FY17 earnings outlook. (-) AAP, (-21.6%) Slumps to four-year low after adjusted Q2 EPS of $1.58 per share misses Capital IQ consensus by $0.08 per share.
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Excluding one-time items, the company earned $0.96 per share during the three months ended July 29, improving on an $0.82 per share adjusted profit during the same quarter last year but lagging the Capital IQ consensus by $0.04 per share as well as its own guidance expecting non-GAAP net income of $1.02 per share during the recently concluded reporting period. In company news, Dicks Sporting Goods ( DKS ) stumbled to a nearly seven-year low, falling almost 22% to its lowest share price since September 2010 at $27.40 each after the specialty retailer reported non-GAAP Q2 net income trailing Wall Street expectations and also reduced its FY17 earnings outlook. (-) AAP, (-21.6%) Slumps to four-year low after adjusted Q2 EPS of $1.58 per share misses Capital IQ consensus by $0.08 per share.
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11536.0
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2017-08-15 00:00:00 UTC
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Tuesday's ETF Movers: ILF, XRT
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AAP
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https://www.nasdaq.com/articles/tuesdays-etf-movers-ilf-xrt-2017-08-15
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nan
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nan
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In trading on Tuesday, the iShares Latin America 40 ETF ( ILF ) is outperforming other ETFs, up about 0.7% on the day. Components of that ETF showing particular strength include shares of Itau Unibanco Banco Multiplo ( ITUB ), up about 1.7% and shares of Petroleo Brasileiro ( PBR ), up about 1.6% on the day.
And underperforming other ETFs today is the SPDR S&P Retail ETF ( XRT ), off about 2.2% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Advance Auto Parts ( AAP ), lower by about 21.8%, and shares of Dick's Sporting Goods (DKS), lower by about 20.2% on the day.
VIDEO: Tuesday's ETF Movers: ILF, XRT
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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Among components of that ETF with the weakest showing on Tuesday were shares of Advance Auto Parts ( AAP ), lower by about 21.8%, and shares of Dick's Sporting Goods (DKS), lower by about 20.2% on the day. Components of that ETF showing particular strength include shares of Itau Unibanco Banco Multiplo ( ITUB ), up about 1.7% and shares of Petroleo Brasileiro ( PBR ), up about 1.6% on the day. VIDEO: Tuesday's ETF Movers: ILF, XRT 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 components of that ETF with the weakest showing on Tuesday were shares of Advance Auto Parts ( AAP ), lower by about 21.8%, and shares of Dick's Sporting Goods (DKS), lower by about 20.2% on the day. VIDEO: Tuesday's ETF Movers: ILF, XRT 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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Among components of that ETF with the weakest showing on Tuesday were shares of Advance Auto Parts ( AAP ), lower by about 21.8%, and shares of Dick's Sporting Goods (DKS), lower by about 20.2% on the day. In trading on Tuesday, the iShares Latin America 40 ETF ( ILF ) is outperforming other ETFs, up about 0.7% on the day. VIDEO: Tuesday's ETF Movers: ILF, XRT 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 components of that ETF with the weakest showing on Tuesday were shares of Advance Auto Parts ( AAP ), lower by about 21.8%, and shares of Dick's Sporting Goods (DKS), lower by about 20.2% on the day. In trading on Tuesday, the iShares Latin America 40 ETF ( ILF ) is outperforming other ETFs, up about 0.7% on the day. Components of that ETF showing particular strength include shares of Itau Unibanco Banco Multiplo ( ITUB ), up about 1.7% and shares of Petroleo Brasileiro ( PBR ), up about 1.6% on the day.
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11537.0
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2017-08-15 00:00:00 UTC
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Daily Dividend Report: COH, WHR, AAP, THG, DKS, MLI
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AAP
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https://www.nasdaq.com/articles/daily-dividend-report-coh-whr-aap-thg-dks-mli-2017-08-15
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nan
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nan
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Coach declared a quarterly cash dividend of $0.3375 per common share, maintaining an annual rate of $1.35. The dividend is payable on October 2, 2017 to shareholders of record as of the close of business on September 8, 2017.
Whirlpool Corporation declared a quarterly dividend of $1.10 per share on the company's common stock. The dividend is payable September 15, 2017, to stockholders of record at the close of business on August 25, 2017.
Advance Auto Parts declared a regular quarterly cash dividend of $0.06 per share to be paid on October 6, 2017 to stockholders of record as of September 22, 2017.
The Hanover Insurance Group ( THG ) has declared a quarterly dividend of $0.50 per share on the issued and outstanding common stock of the company, payable September 29, 2017, to shareholders of record at the close of business on September 15, 2017.
DICK'S Sporting Goods authorized and declared a quarterly dividend in the amount of $0.17 per share on the Company's Common Stock and Class B Common Stock. The dividend is payable in cash on September 29, 2017 to stockholders of record at the close of business on September 8, 2017.
Mueller Industries ( MLI ) has declared a regular quarterly cash dividend on its common stock of 10 cents per share. The dividend will be payable September 22, 2017 to shareholders of record on September 5, 2017.
VIDEO: Daily Dividend Report: COH, WHR, AAP, THG, DKS, MLI
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: Daily Dividend Report: COH, WHR, AAP, THG, DKS, MLI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Coach declared a quarterly cash dividend of $0.3375 per common share, maintaining an annual rate of $1.35. Advance Auto Parts declared a regular quarterly cash dividend of $0.06 per share to be paid on October 6, 2017 to stockholders of record as of September 22, 2017.
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VIDEO: Daily Dividend Report: COH, WHR, AAP, THG, DKS, MLI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Hanover Insurance Group ( THG ) has declared a quarterly dividend of $0.50 per share on the issued and outstanding common stock of the company, payable September 29, 2017, to shareholders of record at the close of business on September 15, 2017. Mueller Industries ( MLI ) has declared a regular quarterly cash dividend on its common stock of 10 cents per share.
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VIDEO: Daily Dividend Report: COH, WHR, AAP, THG, DKS, MLI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Hanover Insurance Group ( THG ) has declared a quarterly dividend of $0.50 per share on the issued and outstanding common stock of the company, payable September 29, 2017, to shareholders of record at the close of business on September 15, 2017. DICK'S Sporting Goods authorized and declared a quarterly dividend in the amount of $0.17 per share on the Company's Common Stock and Class B Common Stock.
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VIDEO: Daily Dividend Report: COH, WHR, AAP, THG, DKS, MLI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Whirlpool Corporation declared a quarterly dividend of $1.10 per share on the company's common stock. The Hanover Insurance Group ( THG ) has declared a quarterly dividend of $0.50 per share on the issued and outstanding common stock of the company, payable September 29, 2017, to shareholders of record at the close of business on September 15, 2017.
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11538.0
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2017-08-14 00:00:00 UTC
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Close Update: Stocks Rebound as Geopolitical Tensions Subside
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AAP
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https://www.nasdaq.com/articles/close-update-stocks-rebound-geopolitical-tensions-subside-2017-08-14
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nan
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nan
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The major benchmark averaged closed with outsized gains on Monday when easing geopolitical tensions between the U.S. and North Korea created buying opportunities among beaten down stocks.
The Nasdaq and S&P 500 outperformed with gains exceeding 1% while financials helped fuel a triple-digit advance for the Dow Jones Industrial Average.
Fresh off last week's sell-off as a result of saber-rattling between Washington and Pyongyang, global bourses perked up after Secretary of State Rex Tillerson and Defense Secretary James Mattis scaled back the rhetoric and downplayed the U.S.'s desire for North Korean regime change or reunification of the Korean peninsula. The financial sector, which endured the heaviest losses last week due to soft economic data, was one of the S&P 500's top performing sectors following closely behind real estate and technology.
Tillerson and Mattis's remarks overshadowed a miss on Chinese production and retail sales data, and stifled demand for safe haven assets like gold and U.S. Treasuries. As a result, gold traded lower for the first time in five days, and the 10-year yield inched up to 2.22% from 2.19% on Friday.
There wasn't any economic data for Wall Street to digest Monday, but the calendar picks up tomorrow with the release of July retail sales, the August Empire State manufacturing index, July import and export prices, and the August housing market index.
The retail sector will also get some attention from Q2 results from Advanced Auto Parts ( AAP ), Coach ( COH ), Dick's Sporting Goods ( DKS ), Home Depot ( HD ) and TJ Maxx ( TJX ) before the open followed by Urban Outfitters (URBN) after the close.
Here's where the markets stood at the close:
US MARKETS
Dow Jones Industrial Index was 135.39 points (+0.62%)
S&P 500 was up24.52 points (+1.00%)
Nasdaq Composite Index was up 83.68 points (+1.34%)
GLOBAL SENTIMENT
FTSE 100 was up 0.60%
Nikkei 225 was down 0.98%
Hang Seng Index was up 1.36%
Shanghai China Composite Index was up 0.90%
UPSIDE MOVERS
(+) CRDS (+43.42%) Filed for Chapter 11 bankruptcy and submitted plan for reorganization
(+) FRSX (+31.87%) Initiated at Chardan Capital with buy rating, $15 price target
(+) CVM (+29.87%) FDA removes clinical hold on phase 3 cancer study
(+) NEFF (+18.99%) Received $25 per share acquisition offer
DOWNSIDE MOVERS
(-) SORL (-20.09%) Reported disappointing Q2 results
(-) SSC (-13.90%) Q2 loss widens, revenue increased from year ago
(-) ZYNE (-8.68%) Cannainoid phase 2 study did not meet primary endpoint
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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The retail sector will also get some attention from Q2 results from Advanced Auto Parts ( AAP ), Coach ( COH ), Dick's Sporting Goods ( DKS ), Home Depot ( HD ) and TJ Maxx ( TJX ) before the open followed by Urban Outfitters (URBN) after the close. Tillerson and Mattis's remarks overshadowed a miss on Chinese production and retail sales data, and stifled demand for safe haven assets like gold and U.S. Treasuries. (+) CRDS (+43.42%) Filed for Chapter 11 bankruptcy and submitted plan for reorganization (+) FRSX (+31.87%) Initiated at Chardan Capital with buy rating, $15 price target (+) CVM (+29.87%) FDA removes clinical hold on phase 3 cancer study (+) NEFF (+18.99%) Received $25 per share acquisition offer
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The retail sector will also get some attention from Q2 results from Advanced Auto Parts ( AAP ), Coach ( COH ), Dick's Sporting Goods ( DKS ), Home Depot ( HD ) and TJ Maxx ( TJX ) before the open followed by Urban Outfitters (URBN) after the close. There wasn't any economic data for Wall Street to digest Monday, but the calendar picks up tomorrow with the release of July retail sales, the August Empire State manufacturing index, July import and export prices, and the August housing market index. Dow Jones Industrial Index was 135.39 points (+0.62%) S&P 500 was up24.52 points (+1.00%) Nasdaq Composite Index was up 83.68 points (+1.34%)
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The retail sector will also get some attention from Q2 results from Advanced Auto Parts ( AAP ), Coach ( COH ), Dick's Sporting Goods ( DKS ), Home Depot ( HD ) and TJ Maxx ( TJX ) before the open followed by Urban Outfitters (URBN) after the close. There wasn't any economic data for Wall Street to digest Monday, but the calendar picks up tomorrow with the release of July retail sales, the August Empire State manufacturing index, July import and export prices, and the August housing market index. Dow Jones Industrial Index was 135.39 points (+0.62%) S&P 500 was up24.52 points (+1.00%) Nasdaq Composite Index was up 83.68 points (+1.34%)
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The retail sector will also get some attention from Q2 results from Advanced Auto Parts ( AAP ), Coach ( COH ), Dick's Sporting Goods ( DKS ), Home Depot ( HD ) and TJ Maxx ( TJX ) before the open followed by Urban Outfitters (URBN) after the close. The Nasdaq and S&P 500 outperformed with gains exceeding 1% while financials helped fuel a triple-digit advance for the Dow Jones Industrial Average. Fresh off last week's sell-off as a result of saber-rattling between Washington and Pyongyang, global bourses perked up after Secretary of State Rex Tillerson and Defense Secretary James Mattis scaled back the rhetoric and downplayed the U.S.'s desire for North Korean regime change or reunification of the Korean peninsula.
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11539.0
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2017-08-14 00:00:00 UTC
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Pre-Market Earnings Report for August 15, 2017 : ECC, HD, TJX, COH, AAP, DKS, QIWI, SNMP
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-august-15-2017-ecc-hd-tjx-coh-aap-dks-qiwi-snmp-2017-08-14
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nan
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nan
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The following companies are expected to report earnings prior to market open on 08/15/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Eagle Point Credit Company Inc. ( ECC ) is reporting for the quarter ending June 30, 2017. The finance/investment management company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.51. This value represents a 10.53% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ECC is 9.24 vs. an industry ratio of 9.30.
Home Depot, Inc. ( HD ) is reporting for the quarter ending July 31, 2017. The building company's consensus earnings per share forecast from the 13 analysts that follow the stock is $2.21. This value represents a 12.18% 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 2nd calendar quarter where they beat the consensus by 3.73%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for HD is 21.42 vs. an industry ratio of 13.30, implying that they will have a higher earnings growth than their competitors in the same industry.
TJX Companies, Inc. ( TJX ) is reporting for the quarter ending July 31, 2017. The discount retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.84. This value represents a no change for the same quarter last year. In the past year TJX has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 3.8%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for TJX is 18.18 vs. an industry ratio of 14.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Coach, Inc. ( COH ) is reporting for the quarter ending June 30, 2017. The textile company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.49. This value represents a 8.89% increase compared to the same quarter last year. In the past year COH has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 4.55%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for COH is 22.12 vs. an industry ratio of 2.80, 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 June 30, 2017. The wholesale retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.65. This value represents a 13.16% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 17.01 vs. an industry ratio of 13.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Dick's Sporting Goods Inc ( DKS ) is reporting for the quarter ending July 31, 2017. The retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.01. This value represents a 23.17% increase compared to the same quarter last year. In the past year DKS 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 DKS is 9.39 vs. an industry ratio of 14.80.
QIWI plc ( QIWI ) is reporting for the quarter ending June 30, 2017. The financial transactions company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.24. This value represents a 27.27% decrease compared to the same quarter last year. In the past year QIWI has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 54.17%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for QIWI is 15.50 vs. an industry ratio of 18.20.
Sanchez Midstream Partners LP ( SNMP ) is reporting for the quarter ending June 30, 2017. The consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.44. SNMP reported earnings of $-4.37 per share for the same quarter a year ago; representing a a decrease of -89.93%.
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 June 30, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 17.01 vs. an industry ratio of 13.60, implying that they will have a higher earnings growth than their competitors in the same industry. The discount retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.84.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 17.01 vs. an industry ratio of 13.60, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2018 Price to Earnings ratio for HD is 21.42 vs. an industry ratio of 13.30, 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 June 30, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 17.01 vs. an industry ratio of 13.60, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2018 Price to Earnings ratio for HD is 21.42 vs. an industry ratio of 13.30, 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 June 30, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 17.01 vs. an industry ratio of 13.60, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year HD has beat the expectations every quarter.
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11540.0
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2017-08-12 00:00:00 UTC
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Advance Auto Parts releases Q2 numbers August 15
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-releases-q2-numbers-august-15-2017-08-12
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nan
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nan
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What's Happening
Auto parts retailer Advance Auto Parts ( AAP ) is on deck to report its second-quarter results on August 15. The company will release its quarterly results before the market open, and the consensus calls for earnings of $1.65 per share on revenue of $2.26 billion. During the same period last year the company had a profit of $1.90 on sales of $2.26 billion, and the stock has dropped 5.8% on the year.
Technical Analysis
AAP was recently trading at $105.77, down $72.06 from its 12-month high and $6.64 above its 12-month low. Technical indicators for AAP are bearish and the stock is in a strong downward trend. The stock has recent support above $99.50 and recent resistance below $115.50. Of the 18 analysts who cover the stock, eight rate it a "strong buy", one rates it a "buy", six rate it a "hold", one rates it a "sell", and two rate it a "strong sell". The stock receives S&P Capital IQ's 3 STARS "Hold" ranking.
Analyst's Thoughts
Advance Auto Parts has disappointed the market the last two quarters, with wide earnings misses and weaker than expected sales. Earnings have fallen sharply in the last four quarters, and that is expected to be the case once again with Q2 profit forecast to fall from $1.90 to $1.65 year over year. The auto parts sector is the most recent sector that faces pressure from online giant Amazon ( AMZN ) after the e-commerce leader announced plans to bully its way into the $125 billion U.S. auto parts market. Amazon announced its intentions in January, and AAP stock was punished in response. There is a lot of negativity in the stock at this time, but the bright side of the increased negativity is that the stock could make a strong rally on any signs of strength in the quarterly report. The street has a whisper number of $1.67 versus the consensus $1.65, so analysts expect a small beat, which could be exactly the catalyst the stock needs to move higher and erase some of its losses from earlier in the year.
Stock Only Trade
If you're looking to establish a long stock position in AAP, consider buying the stock under $105.75. Sell if it falls below $95.25 or take profits if it gets to $121.50.
Bullish Trade
If you want a bullish hedged trade on the stock, consider a September 85/90 bull-put credit spread for a 30-cent credit. That's a potential 6.4% return (66.6% annualized*) and the stock would have to fall 14.6% to cause a problem.
Bearish Trade
If you want to take a bearish stance on the stock at this time, consider a September 120/125 bear-call credit spread for a $0.40 credit. That's a potential 8.7% return (90.7% annualized*) and the stock would have to rise 13.8% to cause a problem.
Covered Call Trade
To purchase the stock with a lower cost basis, consider a December $100.00 covered call. Buy AAP shares (typically 100 shares, scale as appropriate), while selling the December $100.00 call for a debit of $93.20 per share. The trade has a target assigned return of 7.2%, and a target annualized return of 21.1% (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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What's Happening Auto parts retailer Advance Auto Parts ( AAP ) is on deck to report its second-quarter results on August 15. Technical Analysis AAP was recently trading at $105.77, down $72.06 from its 12-month high and $6.64 above its 12-month low. Technical indicators for AAP are bearish and the stock is in a strong downward trend.
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What's Happening Auto parts retailer Advance Auto Parts ( AAP ) is on deck to report its second-quarter results on August 15. Technical Analysis AAP was recently trading at $105.77, down $72.06 from its 12-month high and $6.64 above its 12-month low. Technical indicators for AAP are bearish and the stock is in a strong downward trend.
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Stock Only Trade If you're looking to establish a long stock position in AAP, consider buying the stock under $105.75. What's Happening Auto parts retailer Advance Auto Parts ( AAP ) is on deck to report its second-quarter results on August 15. Technical Analysis AAP was recently trading at $105.77, down $72.06 from its 12-month high and $6.64 above its 12-month low.
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Buy AAP shares (typically 100 shares, scale as appropriate), while selling the December $100.00 call for a debit of $93.20 per share. What's Happening Auto parts retailer Advance Auto Parts ( AAP ) is on deck to report its second-quarter results on August 15. Technical Analysis AAP was recently trading at $105.77, down $72.06 from its 12-month high and $6.64 above its 12-month low.
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11541.0
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2017-08-11 00:00:00 UTC
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Will Advance Auto Parts (AAP) Disappoint in Q2 Earnings?
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AAP
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https://www.nasdaq.com/articles/will-advance-auto-parts-aap-disappoint-in-q2-earnings-2017-08-11
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nan
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nan
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Advance Auto Parts Inc.AAP is expected to report second-quarter fiscal 2017 results before the market opens on Aug 15.
Last quarter, the company delivered a negative earnings surprise of 24.5%. In fact, in three of the trailing four quarters, the company recorded earnings miss and on one occasion, it beat the estimate. The average surprise in the trailing 12 months came in at negative 10.8%.
Advance Auto Parts has underperformed the industry it belongs to in the last six months. The company's shares have lost 34.7% over this period compared with 23.9% decline recorded by the industry.
Let's see how things are shaping up prior to the impending announcement.
Advance Auto Parts Inc Price and EPS Surprise
Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote
Factors to Consider
Advance Auto Parts is challenged by declining cash flows. During the 16-week period ended Apr 22, 2017, operating cash flow was $35.1 million, down from $88.4 million in the year-ago period. Free cash flow in the period amounted to negative $30.2 million, significantly wider than negative $0.7 million in the prior-year period.
Price competition remains a concern for Advance Auto Parts, as it competes with national and regional automotive retailers such as AutoZone, O'Reilly Automotive, Pep Boys and CSK Auto Corporation.
Also, the improvement in the quality of new vehicles leads to reduced need for maintenance and repair of parts. This in turn, impedes demand in the automotive maintenance market. In addition, the fact that consumers are opting for new vehicle purchases instead of maintaining old ones, can affect the company products' demand.
Prior to its second-quarter earnings release, Zacks Consensus Estimate is showing a declining trend in the last one month.
Earnings Whispers
Our proven model does not conclusively show that Advance Auto Parts is likely to beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here as you will see below:
Zacks ESP : Earnings ESP represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate. Advance Auto Parts' Earnings ESP is -0.61%. This is because the Most Accurate estimate is $1.64 whereas the Zacks Consensus Estimate stands at $1.65.
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Advance Auto Parts carries a Zacks Rank #5 (Strong Sell).
We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a few companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
CACI International Inc CACI is expected to release fiscal fourth-quarter and fiscal 2017 results on Aug 16, 2017. The company carries a Zacks Rank #2 and has an Earnings ESP of +1.83%. You can see the complete list of today's Zacks #1 Rank stocks here .
Coach, Inc. COH is expected to release fourth-quarter and fiscal 2017 results on Aug 15. The company carries a Zacks Rank #3 and has an Earnings ESP of +2.04%.
The Gap, Inc. GPS , a Zacks Rank #2 stock, has an Earnings ESP of +3.85%. The company is expected to report second-quarter financial numbers on Aug 17.
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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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
CACI International, Inc. (CACI): Free Stock Analysis Report
Gap, Inc. (The) (GPS): Free Stock Analysis Report
Coach, Inc. (COH): 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 is expected to report second-quarter fiscal 2017 results before the market opens on Aug 15. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report CACI International, Inc. (CACI): Free Stock Analysis Report Gap, Inc. (The) (GPS): Free Stock Analysis Report Coach, Inc. (COH): Free Stock Analysis Report To read this article on Zacks.com click here. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics.
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Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report CACI International, Inc. (CACI): Free Stock Analysis Report Gap, Inc. (The) (GPS): Free Stock Analysis Report Coach, Inc. (COH): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP is expected to report second-quarter fiscal 2017 results before the market opens on Aug 15. Advance Auto Parts Inc Price and EPS Surprise Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote Factors to Consider Advance Auto Parts is challenged by declining cash flows.
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Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report CACI International, Inc. (CACI): Free Stock Analysis Report Gap, Inc. (The) (GPS): Free Stock Analysis Report Coach, Inc. (COH): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP is expected to report second-quarter fiscal 2017 results before the market opens on Aug 15. Advance Auto Parts Inc Price and EPS Surprise Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote Factors to Consider Advance Auto Parts is challenged by declining cash flows.
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Advance Auto Parts Inc.AAP is expected to report second-quarter fiscal 2017 results before the market opens on Aug 15. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report CACI International, Inc. (CACI): Free Stock Analysis Report Gap, Inc. (The) (GPS): Free Stock Analysis Report Coach, Inc. (COH): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, in three of the trailing four quarters, the company recorded earnings miss and on one occasion, it beat the estimate.
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11542.0
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2017-08-11 00:00:00 UTC
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3 Billionaire Stocks for Retirees
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AAP
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https://www.nasdaq.com/articles/3-billionaire-stocks-retirees-2017-08-11
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One shortcut to finding great stock ideas is to simply mimic the masters. That's why we Fools regularly scour through Securities and Exchange Commission filings to see what our favorite billionaire investors have been buying and selling as of late.
So which stocks have we uncovered that could be an ideal choice for an investor in their golden years? We posed that question to our team and they picked Johnson & Johnson (NYSE: JNJ) , Advance Auto Parts (NYSE: AAP) , and Kroger (NYSE: KR) .
If it's good enough for Buffett, it could be perfect for retirees
Sean Williams (Johnson & Johnson): Sometimes there's just no need to get fancy. Warren Buffett, arguably the greatest investor of our time for having built up a $75 billion net worth from a starting point of less than $10,000 in six decades, owns shares of healthcare conglomerate Johnson & Johnson, and perhaps retirees should, too.
Johnson & Johnson derives its long-term success from a number of factors . To begin with, medical care is mostly an inelastic business. We can't choose when we're going to get sick or what illness we'll contract, meaning J&J's moat of opportunity is often growing, not shrinking, thanks to a growing global population. From its high-margin pharmaceutical business to its consumer health products, a majority of J&J's products have substantial pricing power and steady demand in any economic environment. This focus on inelastic products also helps keep J&Js volatility lower than that of the broad-based S&P 500 .
Furthermore, Johnson & Johnson's three primary operating segments each brings something critical to the table. Consumer health products may not offer much in the way of growth, but it has excellent pricing power and very predictable cash flow, which Wall Street can appreciate. Consumer health products also act as the face of this brand-name behemoth, providing a pathway to consumer engagement.
Meanwhile, medical devices provide a long-tail growth opportunity for an aging America that will likely need more hip, knee, and spinal treatments to maintain their quality of life. Finally, pharmaceuticals bring a margin boost and fast growth rate to the table in the near term.
J&J also has a lot of stability on its side. In more than 120 years since it was founded, the company has had just nine CEOs, and it's increased its annual dividend for 55 consecutive years. Additionally, J&J is one of just two remaining publicly traded companies to hold an AAA credit rating from Standard & Poor's, placing its credit rating higher than that of the U.S. government.
Long story short, J&J offers a superior yield, lower volatility than the broader market, and a balanced approach to growth in practically any economic environment. It's a great stock that billionaires have bought and one that retirees should consider buying.
Industry tailwinds
Daniel Miller (Advance Auto Parts): Looking at Steven Cohen's Point72 Asset Management fund, valued at nearly $18 billion, you'll find an interesting pick among its top five holdings: Advance Auto Parts. While the company won't be found on many investors' radar, it offers an intriguing mix of value and potential bottom-line growth thanks to potential cost synergies and industry tailwinds.
Currently, AAP trades at a modest 13 times forward earnings, per Morningstar.com earnings estimates, because the company felt margin pressure during 2016 as it continued to work through the General Parts acquisition and integration. That bottom-line pressure weighed on the company's stock price, but with that integration over, the AAP management team now has the ability to focus on optimizing its supply chain to drive cost synergies and margins higher.
U.S. Moving 12 Month Total Vehicle Miles Traveled data by YCharts .
While management focuses on shoring up the bottom line, the company's business and its investors stand to benefit from industry tailwinds such as increasing miles driven -- more wear and tear on vehicles increases demand for auto parts. In addition to more miles driven, the age of vehicles in the U.S. continues to climb and reached a record 11.6 years at the end of 2016. Furthermore, IHS Markit research shows that the oldest vehicles on the road are growing the fastest: Vehicles 16 years and older are expected to grow 30% from 62 million units to 81 million units in 2021.
Yes, AAP is poised to boost its margins in the near term and will benefit from long-term industry tailwinds, but it's not a foolproof investment. Investors will want to watch Amazon.com and its potential entry into the auto parts world -- if Amazon keeps its auto ambitions minimal, AAP is on the right track for retirees.
Joel Greenblatt isn't scared of the Amazon/Whole Foods deal
Brian Feroldi (Kroger): Joel Greenblatt -- the billionaire investing mind behind Gotham Asset Management and author of You Can Be a Stock Market Genius -- is well known for buying high-quality companies when they are trading on the cheap. That's why I was intrigued to see that Greenblatt recently opened up a position in the supermarket giant Kroger. The stock has had a dreadful 2017 on the back of sinking same-store sales, a guidance cut , and the news that Amazon would be acquiring Whole Foods Market for $13.7 billion. All of this gloom and doom has caused Kroger's stock to fall more than 31% since the start of the year.
So why is Greenblatt willing to open up a position in the face of all of these headwinds? My hunch is that he believes that investors are overreacting to the Amazon news, which is a viewpoint that I happen to agree with. My argument is that Kroger has successfully competed against other industry giants for decades, so the supersized competition is nothing new. After all, it is worth remembering that Wal-Mart Stores was supposed to lay waste to the grocery industry when it started opening supercenters in the late 1980s. While Wal-Mart has been phenomenally successful with its push into groceries, take a look for yourself what has happened to Kroger's revenue, EPS, and stock price in the years since Wal-Mart opened its first superstore opened in 1988.
KR Revenue (TTM) data by YCharts .
How can this be? The reason is that Kroger's stores provide shoppers a combination of convenience, value, selection, and quality. Those same attributes remain in place today, so I believe that the company is going to be a tough opponent for Amazon to square off against. What's more, Kroger generated more than $115 billion in total sales last year, so it certainly has enough scale to compete on price and still earn a healthy profit.
However, the market doesn't appear to share this same view, which is why shares are trading for less than 12 times forward earnings. That low valuation suggests that Wall Street is assuming that the company won't ever be able to grow its earnings again. History and Joel Greenblatt suggest otherwise, which is why right now could be a smart time to consider getting in.
10 stocks we like better than Johnson & Johnson
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*Stock Advisor returns as of August 1, 2017
John Mackey, CEO of Whole Foods Market, is a member of The Motley Fool's board of directors. Brian Feroldi owns shares of Amazon. Daniel Miller has no position in any stocks mentioned. Sean Williams has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Amazon and Johnson & Johnson. The Motley Fool owns shares of Whole Foods Market. 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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That bottom-line pressure weighed on the company's stock price, but with that integration over, the AAP management team now has the ability to focus on optimizing its supply chain to drive cost synergies and margins higher. We posed that question to our team and they picked Johnson & Johnson (NYSE: JNJ) , Advance Auto Parts (NYSE: AAP) , and Kroger (NYSE: KR) . Currently, AAP trades at a modest 13 times forward earnings, per Morningstar.com earnings estimates, because the company felt margin pressure during 2016 as it continued to work through the General Parts acquisition and integration.
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We posed that question to our team and they picked Johnson & Johnson (NYSE: JNJ) , Advance Auto Parts (NYSE: AAP) , and Kroger (NYSE: KR) . Currently, AAP trades at a modest 13 times forward earnings, per Morningstar.com earnings estimates, because the company felt margin pressure during 2016 as it continued to work through the General Parts acquisition and integration. That bottom-line pressure weighed on the company's stock price, but with that integration over, the AAP management team now has the ability to focus on optimizing its supply chain to drive cost synergies and margins higher.
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We posed that question to our team and they picked Johnson & Johnson (NYSE: JNJ) , Advance Auto Parts (NYSE: AAP) , and Kroger (NYSE: KR) . Currently, AAP trades at a modest 13 times forward earnings, per Morningstar.com earnings estimates, because the company felt margin pressure during 2016 as it continued to work through the General Parts acquisition and integration. That bottom-line pressure weighed on the company's stock price, but with that integration over, the AAP management team now has the ability to focus on optimizing its supply chain to drive cost synergies and margins higher.
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We posed that question to our team and they picked Johnson & Johnson (NYSE: JNJ) , Advance Auto Parts (NYSE: AAP) , and Kroger (NYSE: KR) . Currently, AAP trades at a modest 13 times forward earnings, per Morningstar.com earnings estimates, because the company felt margin pressure during 2016 as it continued to work through the General Parts acquisition and integration. That bottom-line pressure weighed on the company's stock price, but with that integration over, the AAP management team now has the ability to focus on optimizing its supply chain to drive cost synergies and margins higher.
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11543.0
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2017-08-10 00:00:00 UTC
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Auto Stock Roundup: General Motors Recalls, Toyota Forms JV, Tesla Sells Bonds for Model 3
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-general-motors-recalls-toyota-forms-jv-tesla-sells-bonds-for-model-3
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The reporting cycle is nearing its end and majority of auto companies have already announced results for the quarter ended Jun 30, 2017. Nevertheless, auto stocks are still struggling amid slowing demand, which has left auto manufacturers with high levels of glut. Auto majors such as General Motors Company GM and Ford Motor Co. F have plans of producing fewer vehicles in the second half of the year.
Moreover, amid declining demand in their home market, U.S. automakers are facing a slowdown in China, the biggest automotive market in the world. Here, General Motors sells more cars than it does in North America.
The Commerce Department reported that wholesale inventories increased 0.7% in May and rose 0.6% in June. This has prompted automakers to manage inventory carefully amid slow domestic demand.
(Read the previous roundup here: Auto Stock Roundup for Aug 3, 2017 )
Recap of the Week's Most Important Stories
1. Per Reuters, General Motors is recalling roughly 800,000 pickup trucks, worldwide. The recall includes 2014 models of Chevrolet Silverado 1500 as well as GMC Sierra 1500 that could lead to loss of power steering.
Per company reports, the 2014 model trucks can come across as a temporary loss of power steering, majorly during low-speed turning maneuvers. The recall includes vehicles of approximately 690,000 from the U.S., 80,000 from Canada and approximately, 25,000 vehicles from other markets, globally (read more: General Motors Recalls 800K Trucks for Faulty Steering ).
Currently, General Motors has a Zacks Rank # 3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. Toyota Motor Corporation TM has entered into an agreement with Mazda Motor Corporation to set up a new joint venture. Per the deal, the two will collaborate to build a vehicle manufacturing plant in the U.S.
An investment of $1.6 billion will be made to construct the plant with an annual production capacity of around 300,000 vehicles. The hub is expected to start operations in 2021 and create up to 4,000 jobs.
Focusing on the North American market, Toyota will be independently manufacturing Corolla model in the new plant, whereas Mazda will be producing cross-over models for the same target market (read more: Toyota Inks Deal With Mazda for Car Plant in the U.S. ).
Currently, Toyota has a Zacks Rank # 3.
3. Tesla Inc. TSLA plans to raise $1.5 billion by offering senior notes due 2025. The company intends to use the proceeds of these notes offering to support the production of its latest Model 3 sedan and other corporate objectives.
In the second quarter, Tesla made total cash investment of $1.16 billion for development of Model 3's capacity and to amplify its battery output. Launched in Jul 2017, the price of the new sedan vehicle starts at $35,000.
The company aims at steadily speeding up Model 3 sedan's production to 1,500 vehicles in third-quarter 2017 and achieving a run rate of 5,000 and 10,000 units per week in 2017 and 2018, respectively. Also, Tesla expects a positive gross margin in the fourth quarter and sets a target margin of 25% in 2018 from the newly launched model (read more: Tesla to Raise $1.5 Billion for Model 3 Production ).
Currently, Tesla has a Zacks Rank # 3.
4. In a significant development, AutoZone, Inc. AZO has been awarded a contract as the provider for automotive parts and supplies by Region 4 Education Service Center, Houston, TX. This exclusive, multi-year contract testifies the strength of the Memphis, TN-based company's automotive products, technology solutions, and team.
The contract is available through the National Intergovernmental Purchasing Alliance (National IPA), the cooperative purchasing organization. The agreement also empowers Elk Grove, CA-based ALLDATA LLC, a subsidiary of AutoZone, to provide its automotive diagnostic and repair solutions for purchase by the National IPA participants. Notably, there are 48,000 public agencies and educational institutions that are participants of National IPA. These participants include states and state agencies such as municipalities, townships and counties, public and private pre-K, primary and higher educational institutions and systems, special districts (e.g. fire, water, sewer, etc.) and charitable organizations. These agencies are allowed to purchase parts, supplies and products of AutoZone and ALLDATA products at a contracted price without furnishing a Request for Proposal (RFP). This eliminates the arduous and time-taking solicitation process (read more: AutoZone Chosen by Region 4 Center as Parts Provider ).
Currently, AutoZone has a Zacks Rank # 4 (Sell).
5. Lear Corporation LEA has announced the inking of a new credit agreement. The Southfield, MI-based company has entered into an agreement to refinance its existing credit facilities. This move is expected to enhance the financial flexibility of Lear Corporation and position it well to take advantage of conducive market conditions.
Lear Corporation is a leading global supplier of automotive seating systems, electrical distribution systems and electronics. The new credit arrangements include $1.75 billion revolving credit facility and a $250 million term-loan facility. The company has taken these financial steps to extend the maturity date of its existing facilities. Both the revolving credit facility and the term-loan facility are now slated to mature on Aug 8, 2022. The new facilities also contain revised covenants, which will provide Lear Corporation with greater operating flexibility than its earlier credit facility (read more: Lear Corporation Refinances Existing Credit Facilities ).
Currently, Lear Corporation has a Zacks Rank # 3.
Performance
Among these stocks, Tesla and General Motors recorded positive price movement in the last one week. Shares of Tesla increased 11.5% in the last week, whereas Advance Auto Parts, Inc. AAP registered the maximum decrease.
In the last six months, Tesla in the only stock stocks whose price has risen, while Advance Auto Parts registered the steepest decline.
What's Next in the Auto Space?
The earnings season for the quarter ending on Jun 30, 2017 is still underway. One important auto company slated to report their earnings in the next few days include Advance Auto Parts.
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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
Ford Motor Company (F): Free Stock Analysis Report
General Motors Company (GM): Free Stock Analysis Report
Tesla Inc. (TSLA): Free Stock Analysis Report
Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
Lear Corporation (LEA): 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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Shares of Tesla increased 11.5% in the last week, whereas Advance Auto Parts, Inc. AAP registered the maximum decrease. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Lear Corporation (LEA): Free Stock Analysis Report To read this article on Zacks.com click here. The company aims at steadily speeding up Model 3 sedan's production to 1,500 vehicles in third-quarter 2017 and achieving a run rate of 5,000 and 10,000 units per week in 2017 and 2018, respectively.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Lear Corporation (LEA): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Tesla increased 11.5% in the last week, whereas Advance Auto Parts, Inc. AAP registered the maximum decrease. Focusing on the North American market, Toyota will be independently manufacturing Corolla model in the new plant, whereas Mazda will be producing cross-over models for the same target market (read more: Toyota Inks Deal With Mazda for Car Plant in the U.S. ).
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Lear Corporation (LEA): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Tesla increased 11.5% in the last week, whereas Advance Auto Parts, Inc. AAP registered the maximum decrease. Also, Tesla expects a positive gross margin in the fourth quarter and sets a target margin of 25% in 2018 from the newly launched model (read more: Tesla to Raise $1.5 Billion for Model 3 Production ).
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Shares of Tesla increased 11.5% in the last week, whereas Advance Auto Parts, Inc. AAP registered the maximum decrease. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Lear Corporation (LEA): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, Tesla has a Zacks Rank # 3.
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11544.0
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2017-08-09 00:00:00 UTC
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Thompson Siegel & Walmsley Llc Buys Advance Auto Parts Inc, Mednax Inc, TechnipFMC PLC, ...
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AAP
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https://www.nasdaq.com/articles/thompson-siegel-walmsley-llc-buys-advance-auto-parts-inc-mednax-inc-technipfmc-plc-2017-08
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Thompson Siegel & Walmsley LlcE*TRADE
New Purchases: SRCL , DY , VIAB , CXW, MDR, PDCO, MRC, FNSR, ACM, SP,
Added Positions:AAP, MD, FTI, ALLY, AVT, UNFI, AER, FE, ETFC, RIG,
Reduced Positions:WFM, HRB, FNF, CCI, GLPI, PPL, XEL, DOX, NWE, WLTW,
Sold Out:TV, ALGT, SNCR, CGI, EGN, MGPI, EQT, TIF, XL, BWA,
For the details of THOMPSON SIEGEL & WALMSLEY LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=THOMPSON+SIEGEL+%26+WALMSLEY+LLC
These are the top 5 holdings of THOMPSON SIEGEL & WALMSLEY LLC
FirstEnergy Corp ( FE ) - 6,071,635 shares, 2.1% of the total portfolio. Shares added by 23.34%
Antero Resources Corp ( AR ) - 6,671,696 shares, 1.71% of the total portfolio. Shares added by 19.66%
CIT Group Inc ( CIT ) - 2,892,089 shares, 1.67% of the total portfolio. Shares reduced by 4.28%
Casey's General Stores Inc ( CASY ) - 1,268,134 shares, 1.61% of the total portfolio. Shares added by 15.85%
Advance Auto Parts Inc ( AAP ) - 1,147,414 shares, 1.59% of the total portfolio. Shares added by 279.58%
New Purchase: Stericycle Inc (SRCL)
Thompson Siegel & Walmsley Llc initiated holdings in Stericycle Inc. The purchase prices were between $76.34 and $87, with an estimated average price of $82.27. The stock is now traded at around $75.79. The impact to the portfolio due to this purchase was 0.4%. The holdings were 441,698 shares as of 2017-06-30.
New Purchase: Dycom Industries Inc (DY)
Thompson Siegel & Walmsley Llc initiated holdings in Dycom Industries Inc. The purchase prices were between $82.21 and $108.99, with an estimated average price of $97.02. The stock is now traded at around $85.66. The impact to the portfolio due to this purchase was 0.31%. The holdings were 294,738 shares as of 2017-06-30.
New Purchase: Viacom Inc (VIAB)
Thompson Siegel & Walmsley Llc initiated holdings in Viacom Inc. The purchase prices were between $33.65 and $46.62, with an estimated average price of $38.27. The stock is now traded at around $29.79. The impact to the portfolio due to this purchase was 0.26%. The holdings were 658,909 shares as of 2017-06-30.
New Purchase: CoreCivic Inc (CXW)
Thompson Siegel & Walmsley Llc initiated holdings in CoreCivic Inc. The purchase prices were between $27.45 and $34.94, with an estimated average price of $31.31. The stock is now traded at around $25.62. The impact to the portfolio due to this purchase was 0.25%. The holdings were 748,822 shares as of 2017-06-30.
New Purchase: McDermott International Inc (MDR)
Thompson Siegel & Walmsley Llc initiated holdings in McDermott International Inc. The purchase prices were between $6.15 and $7.13, with an estimated average price of $6.52. The stock is now traded at around $6.59. The impact to the portfolio due to this purchase was 0.21%. The holdings were 2,488,957 shares as of 2017-06-30.
New Purchase: MRC Global Inc (MRC)
Thompson Siegel & Walmsley Llc initiated holdings in MRC Global Inc. The purchase prices were between $15.05 and $20.66, with an estimated average price of $18.33. The stock is now traded at around $15.54. The impact to the portfolio due to this purchase was 0.2%. The holdings were 1,032,942 shares as of 2017-06-30.
Added: Advance Auto Parts Inc ( AAP )
Thompson Siegel & Walmsley Llc added to the holdings in Advance Auto Parts Inc by 279.58%. The purchase prices were between $116.05 and $151.47, with an estimated average price of $137.47. The stock is now traded at around $108.90. The impact to the portfolio due to this purchase was 1.17%. The holdings were 1,147,414 shares as of 2017-06-30.
Added: Mednax Inc (MD)
Thompson Siegel & Walmsley Llc added to the holdings in Mednax Inc by 95.89%. The purchase prices were between $53.95 and $69.38, with an estimated average price of $59.42. The stock is now traded at around $43.64. The impact to the portfolio due to this purchase was 0.76%. The holdings were 2,170,741 shares as of 2017-06-30.
Added: TechnipFMC PLC (FTI)
Thompson Siegel & Walmsley Llc added to the holdings in TechnipFMC PLC by 90.27%. The purchase prices were between $26.49 and $33.64, with an estimated average price of $30.39. The stock is now traded at around $27.12. The impact to the portfolio due to this purchase was 0.56%. The holdings were 3,638,820 shares as of 2017-06-30.
Added: Ally Financial Inc (ALLY)
Thompson Siegel & Walmsley Llc added to the holdings in Ally Financial Inc by 95.18%. The purchase prices were between $18.22 and $21.21, with an estimated average price of $19.63. The stock is now traded at around $22.79. The impact to the portfolio due to this purchase was 0.55%. The holdings were 4,522,186 shares as of 2017-06-30.
Added: Avnet Inc (AVT)
Thompson Siegel & Walmsley Llc added to the holdings in Avnet Inc by 45.79%. The purchase prices were between $35.96 and $45.76, with an estimated average price of $39.73. The stock is now traded at around $38.34. The impact to the portfolio due to this purchase was 0.45%. The holdings were 3,127,270 shares as of 2017-06-30.
Added: United Natural Foods Inc (UNFI)
Thompson Siegel & Walmsley Llc added to the holdings in United Natural Foods Inc by 161.61%. The purchase prices were between $34.6 and $43.46, with an estimated average price of $40.26. The stock is now traded at around $36.43. The impact to the portfolio due to this purchase was 0.41%. The holdings were 1,509,167 shares as of 2017-06-30.
Sold Out: Grupo Televisa SAB (TV)
Thompson Siegel & Walmsley Llc sold out the holdings in Grupo Televisa SAB. The sale prices were between $23.78 and $26.24, with an estimated average price of $24.86.
Sold Out: Allegiant Travel Co (ALGT)
Thompson Siegel & Walmsley Llc sold out the holdings in Allegiant Travel Co. The sale prices were between $136.1 and $165.05, with an estimated average price of $146.92.
Sold Out: Synchronoss Technologies Inc (SNCR)
Thompson Siegel & Walmsley Llc sold out the holdings in Synchronoss Technologies Inc. The sale prices were between $10.18 and $24.64, with an estimated average price of $16.7.
Sold Out: MGP Ingredients Inc (MGPI)
Thompson Siegel & Walmsley Llc sold out the holdings in MGP Ingredients Inc. The sale prices were between $48.2 and $56.69, with an estimated average price of $52.24.
Sold Out: Celadon Group Inc (CGI)
Thompson Siegel & Walmsley Llc sold out the holdings in Celadon Group Inc. The sale prices were between $1.55 and $6.65, with an estimated average price of $3.19.
Sold Out: Energen Corp (EGN)
Thompson Siegel & Walmsley Llc sold out the holdings in Energen Corp. The sale prices were between $46.77 and $58.56, with an estimated average price of $53.44.
Warning! GuruFocus has detected 4 Warning Signs with AAP. Click here to check it out.
AAP 15-Year Financial Data
The intrinsic value of AAP
Peter Lynch Chart of AAP
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This article first appeared on GuruFocus .
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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Thompson Siegel & Walmsley LlcE*TRADE New Purchases: SRCL , DY , VIAB , CXW, MDR, PDCO, MRC, FNSR, ACM, SP, Added Positions:AAP, MD, FTI, ALLY, AVT, UNFI, AER, FE, ETFC, RIG, Reduced Positions:WFM, HRB, FNF, CCI, GLPI, PPL, XEL, DOX, NWE, WLTW, Sold Out:TV, ALGT, SNCR, CGI, EGN, MGPI, EQT, TIF, XL, BWA, For the details of THOMPSON SIEGEL & WALMSLEY LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=THOMPSON+SIEGEL+%26+WALMSLEY+LLC These are the top 5 holdings of THOMPSON SIEGEL & WALMSLEY LLC FirstEnergy Corp ( FE ) - 6,071,635 shares, 2.1% of the total portfolio. Added: Advance Auto Parts Inc ( AAP ) Thompson Siegel & Walmsley Llc added to the holdings in Advance Auto Parts Inc by 279.58%. Shares added by 15.85% Advance Auto Parts Inc ( AAP ) - 1,147,414 shares, 1.59% of the total portfolio.
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Thompson Siegel & Walmsley LlcE*TRADE New Purchases: SRCL , DY , VIAB , CXW, MDR, PDCO, MRC, FNSR, ACM, SP, Added Positions:AAP, MD, FTI, ALLY, AVT, UNFI, AER, FE, ETFC, RIG, Reduced Positions:WFM, HRB, FNF, CCI, GLPI, PPL, XEL, DOX, NWE, WLTW, Sold Out:TV, ALGT, SNCR, CGI, EGN, MGPI, EQT, TIF, XL, BWA, For the details of THOMPSON SIEGEL & WALMSLEY LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=THOMPSON+SIEGEL+%26+WALMSLEY+LLC These are the top 5 holdings of THOMPSON SIEGEL & WALMSLEY LLC FirstEnergy Corp ( FE ) - 6,071,635 shares, 2.1% of the total portfolio. Added: Advance Auto Parts Inc ( AAP ) Thompson Siegel & Walmsley Llc added to the holdings in Advance Auto Parts Inc by 279.58%. Shares added by 15.85% Advance Auto Parts Inc ( AAP ) - 1,147,414 shares, 1.59% of the total portfolio.
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Thompson Siegel & Walmsley LlcE*TRADE New Purchases: SRCL , DY , VIAB , CXW, MDR, PDCO, MRC, FNSR, ACM, SP, Added Positions:AAP, MD, FTI, ALLY, AVT, UNFI, AER, FE, ETFC, RIG, Reduced Positions:WFM, HRB, FNF, CCI, GLPI, PPL, XEL, DOX, NWE, WLTW, Sold Out:TV, ALGT, SNCR, CGI, EGN, MGPI, EQT, TIF, XL, BWA, For the details of THOMPSON SIEGEL & WALMSLEY LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=THOMPSON+SIEGEL+%26+WALMSLEY+LLC These are the top 5 holdings of THOMPSON SIEGEL & WALMSLEY LLC FirstEnergy Corp ( FE ) - 6,071,635 shares, 2.1% of the total portfolio. Shares added by 15.85% Advance Auto Parts Inc ( AAP ) - 1,147,414 shares, 1.59% of the total portfolio. Added: Advance Auto Parts Inc ( AAP ) Thompson Siegel & Walmsley Llc added to the holdings in Advance Auto Parts Inc by 279.58%.
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Thompson Siegel & Walmsley LlcE*TRADE New Purchases: SRCL , DY , VIAB , CXW, MDR, PDCO, MRC, FNSR, ACM, SP, Added Positions:AAP, MD, FTI, ALLY, AVT, UNFI, AER, FE, ETFC, RIG, Reduced Positions:WFM, HRB, FNF, CCI, GLPI, PPL, XEL, DOX, NWE, WLTW, Sold Out:TV, ALGT, SNCR, CGI, EGN, MGPI, EQT, TIF, XL, BWA, For the details of THOMPSON SIEGEL & WALMSLEY LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=THOMPSON+SIEGEL+%26+WALMSLEY+LLC These are the top 5 holdings of THOMPSON SIEGEL & WALMSLEY LLC FirstEnergy Corp ( FE ) - 6,071,635 shares, 2.1% of the total portfolio. Shares added by 15.85% Advance Auto Parts Inc ( AAP ) - 1,147,414 shares, 1.59% of the total portfolio. Added: Advance Auto Parts Inc ( AAP ) Thompson Siegel & Walmsley Llc added to the holdings in Advance Auto Parts Inc by 279.58%.
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11545.0
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2017-07-20 00:00:00 UTC
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Auto Stock Roundup: Harley Beats Estimates, Honda Recalls, General Motors Ties Up With Uber
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-harley-beats-estimates-honda-recalls-general-motors-ties-up-with-uber
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nan
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nan
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The auto sector is currently facing a lot of challenges. The problem of high-levels of inventory is putting pressure on auto stocks.
In fact, General Motors Company GM has lowered the outlook for new vehicle sales in the U.S. in 2017. This is an indication of the industry heading for a moderate downturn in 2017. A glut in nearly-new used vehicles is expected to undermine sales this year.
Added to this, the U.S. government's plans of exiting North American Free Trade Agreement (NAFTA) and introducing a border-tax system have worsened prospects of auto stocks. This would increase the cost of U.S. cars and threaten jobs of thousands of suppliers.
Recap of the Week's Most Important Stories
1. Honda Motor Co., Ltd. HMC has decided to recall 1.2 million Accord midsize cars, according to a Bloomberg report. A problem in the battery sensor, which can lead to an electric short and even a fire, has prompted the Japanese automaker to take such a decision.
Four cases of engine compartment fires resulting from battery sensor-related problem have been reported to Honda. All the cases have been reported from states where salt is used to clear roads during winter (read more: Honda Recalls 1.2M Accord Due to Battery Sensors Issues ).
Currently, Honda has a Zacks Rank # 3.
2. General Motors has entered into a partnership with Uber Technologies Inc to expand its car-sharing operation Maven, in Australia, through a pilot program, per Reuters. The agreement will enable Uber drivers to rent cars produced by General Motors' Australian manufacturer GM Holden.
Per the news, General Motors is trying to adopt Maven Gig in Sydney through a pilot program. The Maven Gig program of General Motors is an attempt toward helping drivers to rent cars on demand for independent activities. This includes package delivery, food or grocery delivery, ridesharing etc (read more: General Motors, Uber Tie Up to Expand Maven Gig in Sydney ).
Currently, General Motors carries a Zacks Rank # 3.
3. Harley-Davidson, Inc. HOG reported earnings of $1.48 per share in the second quarter of 2017, beating the Zacks Consensus Estimate of $1.37. However, earnings were lower than $1.55 recorded in the year-ago quarter.
Net income decreased to $258.9 million from $280.4 million, recorded a year ago.
Motorcycle and related products revenue declined to $1.58 billion in the second quarter of 2017 from $1.67 billion in the year-ago quarter. The figure missed the Zacks Consensus Estimate of $1.6 billion. The company also logged consolidated revenues of $1.77 billion, which deteriorated from the prior-year tally of $1.86 billion (read more: Harley-Davidson Q2 Earnings Beat Estimates, Fall Y/Y ).
Harley-Davidson carries a Zacks Rank # 4 (Sell).
4. Thor Industries Inc.'s THO subsidiary Thor Motor Coach is enlarging its operation in Elkhart, Wakarusa and Bristol towns of Elkhart County, IN. Good news is that, this facility growth includes addition of new facilities or development of the existing ones in northern Indiana.
In Wakarusa, IN, the company will be buying existing buildings for production of Class C products. To assist motorhome production, a new lamination operation with six lamination lines, will be purchased.
In Bristol, IN, Thor Motor Coach is on the verge of completing its addition of a Class C campus to aid the Quantum motorhome line. While in Elkhart, IN, the company is adding a Class A plant to be used for the upcoming second production of Class A motorhome gas models (read more: Thor's Motor Coach Unit to Expand Motorhome Sites in Indiana ).
Thor Industries sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
5. The U.S. government's plans of exiting North American Free Trade Agreement and introducing a border-tax system are likely to be costly for the auto sector, per Bloomberg news. This would increase the cost of U.S. cars and threaten jobs of thousands of suppliers.
Per a report by Boston Consulting Group, introduction of tariff in the range of 20-35% would increase the annual costs of automakers and suppliers by $27 billion. A tariff of 20% would raise the production cost to $650 per vehicle.
Performance
Among these stocks, Harley-Davidson recorded highest decline in the last one week, whereas Ford recorded the highest increase.
In the last 6 months, Tesla is the only stock whose price has risen. In the last six months, Advance Auto Parts, Inc. AAP recorded the steepest decline.
What's Next in the Auto Space?
The second-quarter 2017 earnings season is underway. Big auto companies which are slated to report their earnings in the next few days are General Motors, Ford Motor Company F and PACCAR Inc PCAR .
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Ford Motor Company (F): Free Stock Analysis Report
PACCAR Inc. (PCAR): Free Stock Analysis Report
General Motors Company (GM): Free Stock Analysis Report
Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Thor Industries, Inc. (THO): Free Stock Analysis Report
Harley-Davidson, Inc. (HOG): 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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In the last six months, Advance Auto Parts, Inc. AAP recorded the steepest decline. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report PACCAR Inc. (PCAR): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Added to this, the U.S. government's plans of exiting North American Free Trade Agreement (NAFTA) and introducing a border-tax system have worsened prospects of auto stocks.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report PACCAR Inc. (PCAR): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. In the last six months, Advance Auto Parts, Inc. AAP recorded the steepest decline. Added to this, the U.S. government's plans of exiting North American Free Trade Agreement (NAFTA) and introducing a border-tax system have worsened prospects of auto stocks.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report PACCAR Inc. (PCAR): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. In the last six months, Advance Auto Parts, Inc. AAP recorded the steepest decline. While in Elkhart, IN, the company is adding a Class A plant to be used for the upcoming second production of Class A motorhome gas models (read more: Thor's Motor Coach Unit to Expand Motorhome Sites in Indiana ).
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report PACCAR Inc. (PCAR): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. In the last six months, Advance Auto Parts, Inc. AAP recorded the steepest decline. Thor Industries sports a Zacks Rank #1 (Strong Buy).
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11546.0
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2017-07-20 00:00:00 UTC
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Insiders Buy the Holdings of FTA ETF
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AAP
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https://www.nasdaq.com/articles/insiders-buy-holdings-fta-etf-2017-07-20
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nan
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nan
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A look at the weighted underlying holdings of the First Trust Large Cap Value AlphaDEX Fund ( FTA ) shows an impressive 10.3% of holdings on a weighted basis have experienced insider buying within the past six months.
Advance Auto Parts Inc (Symbol: AAP), which makes up 0.30% of the First Trust Large Cap Value AlphaDEX Fund ( FTA ), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $3,129,378 worth of AAP, making it the #149 largest holding. The table below details the recent insider buying activity observed at AAP:
AAP - last trade: $100.87 - Recent Insider Buys:
10 ETFs With Stocks That Insiders Are Buying »
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 (Symbol: AAP), which makes up 0.30% of the First Trust Large Cap Value AlphaDEX Fund ( FTA ), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at AAP: AAP - last trade: $100.87 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds a total of $3,129,378 worth of AAP, making it the #149 largest holding.
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Advance Auto Parts Inc (Symbol: AAP), which makes up 0.30% of the First Trust Large Cap Value AlphaDEX Fund ( FTA ), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at AAP: AAP - last trade: $100.87 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds a total of $3,129,378 worth of AAP, making it the #149 largest holding.
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Advance Auto Parts Inc (Symbol: AAP), which makes up 0.30% of the First Trust Large Cap Value AlphaDEX Fund ( FTA ), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at AAP: AAP - last trade: $100.87 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds a total of $3,129,378 worth of AAP, making it the #149 largest holding.
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The table below details the recent insider buying activity observed at AAP: AAP - last trade: $100.87 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » 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 (Symbol: AAP), which makes up 0.30% of the First Trust Large Cap Value AlphaDEX Fund ( FTA ), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $3,129,378 worth of AAP, making it the #149 largest holding.
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11547.0
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2017-07-17 00:00:00 UTC
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Implied EQWM Analyst Target Price: $49
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AAP
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https://www.nasdaq.com/articles/implied-eqwm-analyst-target-price-49-2017-07-17
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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 PowerShares Russell Midcap Equal Weight Portfolio ETF (Symbol: EQWM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $48.52 per unit.
With EQWM trading at a recent price near $44.00 per unit, that means that analysts see 10.28% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EQWM's underlying holdings with notable upside to their analyst target prices are Devon Energy Corp. (Symbol: DVN), Pandora Media Inc (Symbol: P), and Advance Auto Parts Inc (Symbol: AAP). Although DVN has traded at a recent price of $31.65/share, the average analyst target is 45.13% higher at $45.93/share. Similarly, P has 38.65% upside from the recent share price of $9.25 if the average analyst target price of $12.82/share is reached, and analysts on average are expecting AAP to reach a target price of $139.08/share, which is 36.30% above the recent price of $102.04. Below is a twelve month price history chart comparing the stock performance of DVN, P, and AAP:
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 DVN, P, and AAP: 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 EQWM's underlying holdings with notable upside to their analyst target prices are Devon Energy Corp. (Symbol: DVN), Pandora Media Inc (Symbol: P), and Advance Auto Parts Inc (Symbol: AAP). Similarly, P has 38.65% upside from the recent share price of $9.25 if the average analyst target price of $12.82/share is reached, and analysts on average are expecting AAP to reach a target price of $139.08/share, which is 36.30% above the recent price of $102.04.
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Similarly, P has 38.65% upside from the recent share price of $9.25 if the average analyst target price of $12.82/share is reached, and analysts on average are expecting AAP to reach a target price of $139.08/share, which is 36.30% above the recent price of $102.04. Three of EQWM's underlying holdings with notable upside to their analyst target prices are Devon Energy Corp. (Symbol: DVN), Pandora Media Inc (Symbol: P), and Advance Auto Parts Inc (Symbol: AAP). Below is a twelve month price history chart comparing the stock performance of DVN, P, and AAP: 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, P has 38.65% upside from the recent share price of $9.25 if the average analyst target price of $12.82/share is reached, and analysts on average are expecting AAP to reach a target price of $139.08/share, which is 36.30% above the recent price of $102.04. Below is a twelve month price history chart comparing the stock performance of DVN, P, and AAP: 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 EQWM's underlying holdings with notable upside to their analyst target prices are Devon Energy Corp. (Symbol: DVN), Pandora Media Inc (Symbol: P), and Advance Auto Parts Inc (Symbol: AAP).
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Below is a twelve month price history chart comparing the stock performance of DVN, P, and AAP: 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 EQWM's underlying holdings with notable upside to their analyst target prices are Devon Energy Corp. (Symbol: DVN), Pandora Media Inc (Symbol: P), and Advance Auto Parts Inc (Symbol: AAP). Similarly, P has 38.65% upside from the recent share price of $9.25 if the average analyst target price of $12.82/share is reached, and analysts on average are expecting AAP to reach a target price of $139.08/share, which is 36.30% above the recent price of $102.04.
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11548.0
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2017-07-13 00:00:00 UTC
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Auto Parts Retailers Have an Amazon Problem
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AAP
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https://www.nasdaq.com/articles/auto-parts-retailers-have-amazon-problem-2017-07-13
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nan
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nan
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After years of consistent double-digit growth in earnings per share, the top three auto parts stores posted very weak results in store traffic and a dramatic slowdown in earnings growth in the last quarter. AutoZone (NYSE: AZO) , Advance Auto Parts (NYSE: AAP) , and O'Reilly Automotive (NASDAQ: ORLY) posted roughly flat same store sales growth. This impacted earnings performance -- O'Reilly and AutoZone were able to squeeze out 9% and 6% earnings-per-share growth, respectively, while Advance Auto Parts earnings collapsed 36% year over year.
Not surprisingly, shares of these companies have tanked since the beginning of the year after years of delivering market beating returns for shareholders. AutoZone, Advance Auto Parts, and O'Reilly are down 21%, 19%, and 12%, respectively, year to date. These stocks are even underperforming the SPDR S&P Retail ETF, which is down 6% year to date.
Amazon is aiming for what has been a bright spot in the retail sector
These results come after a January 2017 report from the New York Post , which reported that Amazon.com (NASDAQ: AMZN) is quietly penetrating the $50 billion do-it-yourself auto parts market where the top auto parts stores have long been dominant. AutoZone is the most vulnerable to potential competition with Amazon since 75% of its revenue comes from do-it-yourself customers. Advance Auto Parts and O'Reilly have no more than about 50% of their revenue exposed to this market.
It's not surprising Amazon would be interested in auto parts, and not just because it's the "everything store". The major auto parts stores have experienced consistent growth over the last several years due to aging vehicles and car owners more willing to keep their current cars running longer rather than buy new ones. Just take a look at how well these stocks have performed over the last decade:
AZO data by YCharts
Amazon is turning up the heat
But the good times could be coming to an end depending on the extent to which Amazon can take market share. At the very least, Amazon will likely make it more difficult for auto parts stores to find growth over time.
AutoZone and O'Reilly blamed lackluster results partly on a delay in IRS tax refunds, which may have reduced the near-term spending power among lower income customers. However, Amazon, with its free shipping options and cutthroat pricing strategy to win market share, is not a competitor you want invading your turf. Especially one like auto parts, where the leading stores still control a minor portion of the total do-it-yourself market, leaving the door wide open for an aggressive disruptor like Amazon.
Amazon may be applying its aggressive pricing tactics to auto parts retailers. The New York Post story reported that Amazon has been paying manufacturers 30% more for merchandise, which means Amazon may be taking a loss on some parts. For example, a high-selling item like a five-quart container of Mobil Synthetic motor oil on Amazon is $37.00 (at the time of this writing) with free two-day shipping for Prime members, but the same product costs $43.61 from AutoZone including shipping (both prices exclude sales tax). Advance Auto Parts offers the same price as AutoZone, while O'Reilly charges one dollar more for the same product.
As a sign that it may be feeling the heat from Amazon, AutoZone is offering a free two-day shipping option, but the catch is you have to spend $200 to join the program. Amazon offers Prime for $99 per year, and you get a lot more for your membership than just free shipping, such as streaming movies, music, and exclusive deals available only to Prime members.
AutoZone and O'Reilly offer in-store pickup for certain items like the Mobil product mentioned above, but Amazon has already been rolling out same-day delivery to several major cities in the last few years. This might be Amazon's greatest advantage over these retailers long term. Amazon can spend billions getting closer to the customer by building its massive fulfillment centers near metropolitan areas, which gives customers same-day delivery on a vast selection of items.
The only real advantage auto parts stores might be able to hold over Amazon is offering customers the option of talking to a knowledgeable staff member in-store. However, shopping for auto parts has actually become easier online, because customers can now visit any major auto parts retailer's website, including Amazon, enter the make and model of their car, and immediately find the product they need.
The bottom line
The top three auto parts retailers have clearly been a fabulous investment in recent years, but with Amazon entering their territory on top of recent weak results, it brings a whole new level of uncertainty to auto parts retailers' future growth prospects.
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John Ballard has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Amazon. The Motley Fool owns shares of O'Reilly Automotive. The Motley Fool recommends AutoZone. 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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AutoZone (NYSE: AZO) , Advance Auto Parts (NYSE: AAP) , and O'Reilly Automotive (NASDAQ: ORLY) posted roughly flat same store sales growth. AutoZone and O'Reilly blamed lackluster results partly on a delay in IRS tax refunds, which may have reduced the near-term spending power among lower income customers. Especially one like auto parts, where the leading stores still control a minor portion of the total do-it-yourself market, leaving the door wide open for an aggressive disruptor like Amazon.
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AutoZone (NYSE: AZO) , Advance Auto Parts (NYSE: AAP) , and O'Reilly Automotive (NASDAQ: ORLY) posted roughly flat same store sales growth. After years of consistent double-digit growth in earnings per share, the top three auto parts stores posted very weak results in store traffic and a dramatic slowdown in earnings growth in the last quarter. Amazon is aiming for what has been a bright spot in the retail sector These results come after a January 2017 report from the New York Post , which reported that Amazon.com (NASDAQ: AMZN) is quietly penetrating the $50 billion do-it-yourself auto parts market where the top auto parts stores have long been dominant.
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AutoZone (NYSE: AZO) , Advance Auto Parts (NYSE: AAP) , and O'Reilly Automotive (NASDAQ: ORLY) posted roughly flat same store sales growth. Amazon is aiming for what has been a bright spot in the retail sector These results come after a January 2017 report from the New York Post , which reported that Amazon.com (NASDAQ: AMZN) is quietly penetrating the $50 billion do-it-yourself auto parts market where the top auto parts stores have long been dominant. However, shopping for auto parts has actually become easier online, because customers can now visit any major auto parts retailer's website, including Amazon, enter the make and model of their car, and immediately find the product they need.
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AutoZone (NYSE: AZO) , Advance Auto Parts (NYSE: AAP) , and O'Reilly Automotive (NASDAQ: ORLY) posted roughly flat same store sales growth. AutoZone, Advance Auto Parts, and O'Reilly are down 21%, 19%, and 12%, respectively, year to date. Amazon is aiming for what has been a bright spot in the retail sector These results come after a January 2017 report from the New York Post , which reported that Amazon.com (NASDAQ: AMZN) is quietly penetrating the $50 billion do-it-yourself auto parts market where the top auto parts stores have long been dominant.
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11549.0
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2017-07-05 00:00:00 UTC
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Here's Why O'Reilly Automotive (ORLY) Shares Plunged Today
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AAP
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https://www.nasdaq.com/articles/heres-why-oreilly-automotive-orly-shares-plunged-today-2017-07-05
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nan
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nan
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On Wednesday, shares of auto parts retailer O'Reilly Automotive ORLY are plunging, down about 20% to $174.30 per share in morning trading after the company reported weak second-quarter same-store sales growth.
O'Reilly said same-store sales only grew 1.7% during the quarter, well below its projections of 3% to 5% growth, and also falling short of FactSet's estimated guidance of an increase of 3.9%. This caused the stock to be the S&P 500's biggest decliner so far today.
"We faced a more challenging sales environment than we expected for the remainder of the quarter," after April, O'Reilly CEO Greg Henslee said, "due to what we believe were continued headwinds from a second consecutive mild winter and overall weak consumer demand."
He added, "The comparable store sales shortfall will also have a consequent impact on our operating profitability." The company reports its full second-quarter earnings on July 26.
O'Reilly's disappointing performance has had a rippling effect on other auto parts stocks. Both Advance Auto Parts AAP and AutoZone AZO shares are down about 15% and 10%, respectively, in trading so far today.
Shares of ORLY are down over 21% year-to-date. The company currently sits at a #4 (Sell) on the Zacks Rank, with a VGM score of 'A.'
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O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): 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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Both Advance Auto Parts AAP and AutoZone AZO shares are down about 15% and 10%, respectively, in trading so far today. Click to get this free report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly said same-store sales only grew 1.7% during the quarter, well below its projections of 3% to 5% growth, and also falling short of FactSet's estimated guidance of an increase of 3.9%.
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Both Advance Auto Parts AAP and AutoZone AZO shares are down about 15% and 10%, respectively, in trading so far today. Click to get this free report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. On Wednesday, shares of auto parts retailer O'Reilly Automotive ORLY are plunging, down about 20% to $174.30 per share in morning trading after the company reported weak second-quarter same-store sales growth.
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Click to get this free report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. Both Advance Auto Parts AAP and AutoZone AZO shares are down about 15% and 10%, respectively, in trading so far today. On Wednesday, shares of auto parts retailer O'Reilly Automotive ORLY are plunging, down about 20% to $174.30 per share in morning trading after the company reported weak second-quarter same-store sales growth.
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Click to get this free report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. Both Advance Auto Parts AAP and AutoZone AZO shares are down about 15% and 10%, respectively, in trading so far today. On Wednesday, shares of auto parts retailer O'Reilly Automotive ORLY are plunging, down about 20% to $174.30 per share in morning trading after the company reported weak second-quarter same-store sales growth.
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11550.0
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2017-07-05 00:00:00 UTC
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Mid-Day Market Update: NASDAQ Turns Positive; O'Reilly Shares Drop Following Disappointing Comparable Store Sales
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AAP
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https://www.nasdaq.com/articles/mid-day-market-update-nasdaq-turns-positive-oreilly-shares-drop-following-disappointing
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Midway through trading Wednesday, the Dow traded down 0.10 percent to 21,457.07 while the NASDAQ climbed 0.42 percent to 6,135.98. The S&P also rose, gaining 0.02 percent to 2,429.52.
Leading and Lagging Sectors
Technology shares rose by 1.7 percent in the US market on Wednesday. Top gainers in the sector included LG Display Co Ltd. (ADR) (NYSE: LPL ), and Sequans Communications SA ADR (NYSE: SQNS ).
In trading on Wednesday, energy shares fell 1.6 percent. Meanwhile, top losers in the sector included Teekay Offshore Partners L.P. (NYSE: TOO ), down 13 percent, and Baytex Energy Corp ( USA ) (NYSE: BTE ), down 10 percent.
Top Headline
Worldpay Group Plc agreed to be acquired by Vantiv Inc (NASDAQ: VNTV ) in a deal worth 7.7 billion pounds ($9.95 billion), excluding debt.
Worldpay's shareholders will receive a total of 3.85 pounds a share, representing a premium of 18.9 percent over its closing price on Monday.
Equities Trading UP
Monogram Residential Trust Inc (NYSE: MORE ) shares shot up 22 percent to $11.97. Greystar led fund agreed to acquire Monogram Residential Trust for $12.00 per share in cash.
Shares of Celsion Corporation (NASDAQ: CLSN ) got a boost, shooting up 29 percent to $2.61 following completion of OVATION study.
Nevro Corp (NASDAQ: NVRO ) shares were also up, gaining 12 percent to $82.44 after the company issued a strong sales forecast for the current quarter.
Equities Trading DOWN
Diebold Nixdorf Inc (NYSE: DBD ) shares dropped 19 percent to $22.65 as the company lowered its FY17 outlook.
Shares of O'Reilly Automotive Inc (NASDAQ: ORLY ) were down 20 percent to $177.34 following disappointing comparable store sales report for the second quarter. O'Reilly same store sales for the quarter rose 1.7 percent.
Advance Auto Parts, Inc. (NYSE: AAP ) was down, falling around 13 percent to $103.02 following disappointing same store sales report from O'Reilly.
Commodities
In commodity news, oil traded down 3.44 percent to $45.45 while gold traded up 0.25 percent to $1,222.30.
Silver traded down 0.91 percent Wednesday to $15.945, while copper fell 1.49 percent to $2.653.
Eurozone
European shares were mostly lower today. The eurozone's STOXX 600 slipped 0.01 percent, the Spanish Ibex Index fell 0.35 percent, while Italy's FTSE MIB Index slipped 0.70 percent. Meanwhile the German DAX slipped 0.05 percent, and the French CAC 40 declined 0.07 percent while U.K. shares rose 0.14 percent.
Economics
The Johnson Redbook Sales Index rose 0.7 percent in June versus May.
U.S. factory orders dropped 0.80 percent for May, versus economists' expectations for a 0.50 percent decline.
The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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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. (NYSE: AAP ) was down, falling around 13 percent to $103.02 following disappointing same store sales report from O'Reilly. Worldpay's shareholders will receive a total of 3.85 pounds a share, representing a premium of 18.9 percent over its closing price on Monday. Nevro Corp (NASDAQ: NVRO ) shares were also up, gaining 12 percent to $82.44 after the company issued a strong sales forecast for the current quarter.
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Advance Auto Parts, Inc. (NYSE: AAP ) was down, falling around 13 percent to $103.02 following disappointing same store sales report from O'Reilly. In trading on Wednesday, energy shares fell 1.6 percent. Equities Trading UP Monogram Residential Trust Inc (NYSE: MORE ) shares shot up 22 percent to $11.97.
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Advance Auto Parts, Inc. (NYSE: AAP ) was down, falling around 13 percent to $103.02 following disappointing same store sales report from O'Reilly. Midway through trading Wednesday, the Dow traded down 0.10 percent to 21,457.07 while the NASDAQ climbed 0.42 percent to 6,135.98. The eurozone's STOXX 600 slipped 0.01 percent, the Spanish Ibex Index fell 0.35 percent, while Italy's FTSE MIB Index slipped 0.70 percent.
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Advance Auto Parts, Inc. (NYSE: AAP ) was down, falling around 13 percent to $103.02 following disappointing same store sales report from O'Reilly. Leading and Lagging Sectors Technology shares rose by 1.7 percent in the US market on Wednesday. In trading on Wednesday, energy shares fell 1.6 percent.
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11551.0
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2017-07-05 00:00:00 UTC
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O'Reilly Automotive Shares Plunge 20% After Comparable Sales Fall Short of Guidance
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AAP
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https://www.nasdaq.com/articles/oreilly-automotive-shares-plunge-20-after-comparable-sales-fall-short-guidance-2017-07-05
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What happened
Shares of O'Reilly Automotive, Inc. (NASDAQ: ORLY) , a leading retailer in the automotive aftermarket industry, are plunging more than 20% as of 11:30 a.m. EDT Wednesday, after management announced disappointing second-quarter comparable-store sales. The company isn't alone: Competitors AutoZone, Inc. (NYSE: AZO) and Advance Auto Parts (NYSE: AAP) are down 9% and 14%, respectively.
So what
The company's comparable-store sales increased 1.7% during the second quarter. Despite a move higher, investors were clearly disappointed that comps checked in well below management's prior guidance of a 3% to 5% increase. While the sell-off in O'Reilly's stock indicates investors were caught off guard by the disappointing sales, it's been a trend at the company throughout 2017: Comparable-store sales through the first six months were only up 1.3%. For comparison, O'Reilly's comparable-store sales jumped 5.1% through the first half of 2016.
Now what
Investors are also a little cautious holding on to shares of O'Reilly after all the noise Amazon.com made recently with its move into the grocery world -- companies of all kind are wondering if they're the next target for the e-commerce juggernaut. Unfortunately for investors, this is a real concern, and Amazon may one day set its sights on automotive parts, which would only add to the challenges O'Reilly's faces today.
"After exiting the first quarter and entering April on an improved sales trend, we faced a more challenging sales environment than we expected for the remainder of the quarter," said Greg Henslee, O'Reilly's CEO. "The comparable store sales shortfall will also have a consequent impact on our operating profitability, which we will report in our full second quarter earnings release on July 26th." Henslee added, "While we are disappointed with our sales results in the first half of the year, we remain confident in the long-term health of our industry and our team's ability to provide exceptional customer service and take market share in this challenging demand environment."
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Daniel Miller has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Amazon. The Motley Fool owns shares of O'Reilly Automotive and has the following options: short August 2017 $250 calls on O'Reilly Automotive and long August 2017 $220 puts on O'Reilly Automotive. The Motley Fool recommends AutoZone. 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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The company isn't alone: Competitors AutoZone, Inc. (NYSE: AZO) and Advance Auto Parts (NYSE: AAP) are down 9% and 14%, respectively. Now what Investors are also a little cautious holding on to shares of O'Reilly after all the noise Amazon.com made recently with its move into the grocery world -- companies of all kind are wondering if they're the next target for the e-commerce juggernaut. Unfortunately for investors, this is a real concern, and Amazon may one day set its sights on automotive parts, which would only add to the challenges O'Reilly's faces today.
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The company isn't alone: Competitors AutoZone, Inc. (NYSE: AZO) and Advance Auto Parts (NYSE: AAP) are down 9% and 14%, respectively. "After exiting the first quarter and entering April on an improved sales trend, we faced a more challenging sales environment than we expected for the remainder of the quarter," said Greg Henslee, O'Reilly's CEO. The Motley Fool owns shares of and recommends Amazon.
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The company isn't alone: Competitors AutoZone, Inc. (NYSE: AZO) and Advance Auto Parts (NYSE: AAP) are down 9% and 14%, respectively. What happened Shares of O'Reilly Automotive, Inc. (NASDAQ: ORLY) , a leading retailer in the automotive aftermarket industry, are plunging more than 20% as of 11:30 a.m. EDT Wednesday, after management announced disappointing second-quarter comparable-store sales. While the sell-off in O'Reilly's stock indicates investors were caught off guard by the disappointing sales, it's been a trend at the company throughout 2017: Comparable-store sales through the first six months were only up 1.3%.
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The company isn't alone: Competitors AutoZone, Inc. (NYSE: AZO) and Advance Auto Parts (NYSE: AAP) are down 9% and 14%, respectively. So what The company's comparable-store sales increased 1.7% during the second quarter. "After exiting the first quarter and entering April on an improved sales trend, we faced a more challenging sales environment than we expected for the remainder of the quarter," said Greg Henslee, O'Reilly's CEO.
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11552.0
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2017-07-05 00:00:00 UTC
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Wednesday Sector Laggards: Oil & Gas Exploration & Production, Auto Dealerships
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AAP
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https://www.nasdaq.com/articles/wednesday-sector-laggards-oil-gas-exploration-production-auto-dealerships-2017-07-05
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In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 3.4%. Helping drag down the group were shares of Carrizo Oil & Gas ( CRZO ), down about 10% and shares of Whiting Petroleum ( WLL ) down about 9.5% on the day.
Also lagging the market Wednesday are auto dealerships shares, down on the day by about 2.8% as a group, led down by O'Reilly Automotive ( ORLY ), trading lower by about 18.5% and Advance Auto Parts ( AAP ), trading lower by about 12.9%.
VIDEO: Wednesday Sector Laggards: Oil & Gas Exploration & Production, Auto Dealerships
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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Also lagging the market Wednesday are auto dealerships shares, down on the day by about 2.8% as a group, led down by O'Reilly Automotive ( ORLY ), trading lower by about 18.5% and Advance Auto Parts ( AAP ), trading lower by about 12.9%. In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 3.4%. VIDEO: Wednesday Sector Laggards: Oil & Gas Exploration & Production, Auto Dealerships 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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Also lagging the market Wednesday are auto dealerships shares, down on the day by about 2.8% as a group, led down by O'Reilly Automotive ( ORLY ), trading lower by about 18.5% and Advance Auto Parts ( AAP ), trading lower by about 12.9%. In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 3.4%. VIDEO: Wednesday Sector Laggards: Oil & Gas Exploration & Production, Auto Dealerships 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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Also lagging the market Wednesday are auto dealerships shares, down on the day by about 2.8% as a group, led down by O'Reilly Automotive ( ORLY ), trading lower by about 18.5% and Advance Auto Parts ( AAP ), trading lower by about 12.9%. In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 3.4%. VIDEO: Wednesday Sector Laggards: Oil & Gas Exploration & Production, Auto Dealerships 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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Also lagging the market Wednesday are auto dealerships shares, down on the day by about 2.8% as a group, led down by O'Reilly Automotive ( ORLY ), trading lower by about 18.5% and Advance Auto Parts ( AAP ), trading lower by about 12.9%. In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 3.4%. Helping drag down the group were shares of Carrizo Oil & Gas ( CRZO ), down about 10% and shares of Whiting Petroleum ( WLL ) down about 9.5% on the day.
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11553.0
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2017-07-05 00:00:00 UTC
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Mid-Afternoon Market Update: Crude Oil Down 3.8%; Monogram Residential Trust Shares Spike Higher
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AAP
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https://www.nasdaq.com/articles/mid-afternoon-market-update-crude-oil-down-38-monogram-residential-trust-shares-spike
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Toward the end of trading Wednesday, the Dow traded down 0.01 percent to 21,477.23 while the NASDAQ climbed 0.63 percent to 6,148.68. The S&P also rose, gaining 0.12 percent to 2,432.00.
Leading and Lagging Sectors
Technology shares rose by 2.14 percent in the US market on Wednesday. Top gainers in the sector included LG Display Co Ltd. (ADR) (NYSE: LPL ), and Pixelworks, Inc. (NASDAQ: PXLW ).
In trading on Wednesday, energy shares fell 1.59 percent. Meanwhile, top losers in the sector included Teekay Offshore Partners L.P. (NYSE: TOO ), down 15 percent, and Carrizo Oil & Gas Inc (NASDAQ: CRZO ), down 10 percent.
Top Headline
Worldpay Group Plc agreed to be acquired by Vantiv Inc (NASDAQ: VNTV ) in a deal worth 7.7 billion pounds ($9.95 billion), excluding debt.
Worldpay's shareholders will receive a total of 3.85 pounds a share, representing a premium of 18.9 percent over its closing price on Monday.
Equities Trading UP
Monogram Residential Trust Inc (NYSE: MORE ) shares shot up 22 percent to $11.92. Greystar led fund agreed to acquire Monogram Residential Trust for $12.00 per share in cash.
Shares of Celsion Corporation (NASDAQ: CLSN ) got a boost, shooting up 25 percent to $2.53 following completion of OVATION study.
Precipio Inc (NASDAQ: PRPO ) shares were also up, gaining 65 percent to $19.91 after the company announced an agreement with Clearbridge Health for liquid biopsy and diagnostic services in Asia.
Equities Trading DOWN
Diebold Nixdorf Inc (NYSE: DBD ) shares dropped 21 percent to $22.10 as the company lowered its FY17 outlook.
Shares of O'Reilly Automotive Inc (NASDAQ: ORLY ) were down 19 percent to $179.34 following disappointing comparable store sales report for the second quarter. O'Reilly same store sales for the quarter rose 1.7 percent.
Advance Auto Parts, Inc. (NYSE: AAP ) was down, falling around 11 percent to $105.32 following disappointing same store sales report from O'Reilly.
Commodities
In commodity news, oil traded down 3.8 percent to $45.29 while gold traded up 0.28 percent to $1,222.60.
Silver traded down 1.07 percent Wednesday to $15.92, while copper fell 1.26 percent to $2.659.
Eurozone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.18 percent, the Spanish Ibex Index fell 0.41 percent, while Italy's FTSE MIB Index slipped 0.44 percent. Meanwhile the German DAX gained 0.13 percent, and the French CAC 40 climbed 0.10 percent while U.K. shares rose 0.14 percent.
Economics
The Johnson Redbook Sales Index rose 0.7 percent in June versus May.
U.S. factory orders dropped 0.80 percent for May, versus economists' expectations for a 0.50 percent decline.
The Federal Open Market Committee released minutes of its latest meeting.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
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 ) was down, falling around 11 percent to $105.32 following disappointing same store sales report from O'Reilly. Top gainers in the sector included LG Display Co Ltd. (ADR) (NYSE: LPL ), and Pixelworks, Inc. (NASDAQ: PXLW ). Worldpay's shareholders will receive a total of 3.85 pounds a share, representing a premium of 18.9 percent over its closing price on Monday.
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Advance Auto Parts, Inc. (NYSE: AAP ) was down, falling around 11 percent to $105.32 following disappointing same store sales report from O'Reilly. Equities Trading UP Monogram Residential Trust Inc (NYSE: MORE ) shares shot up 22 percent to $11.92. Meanwhile the German DAX gained 0.13 percent, and the French CAC 40 climbed 0.10 percent while U.K. shares rose 0.14 percent.
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Advance Auto Parts, Inc. (NYSE: AAP ) was down, falling around 11 percent to $105.32 following disappointing same store sales report from O'Reilly. Toward the end of trading Wednesday, the Dow traded down 0.01 percent to 21,477.23 while the NASDAQ climbed 0.63 percent to 6,148.68. The eurozone's STOXX 600 rose 0.18 percent, the Spanish Ibex Index fell 0.41 percent, while Italy's FTSE MIB Index slipped 0.44 percent.
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Advance Auto Parts, Inc. (NYSE: AAP ) was down, falling around 11 percent to $105.32 following disappointing same store sales report from O'Reilly. Toward the end of trading Wednesday, the Dow traded down 0.01 percent to 21,477.23 while the NASDAQ climbed 0.63 percent to 6,148.68. The S&P also rose, gaining 0.12 percent to 2,432.00.
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11554.0
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2017-07-05 00:00:00 UTC
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Noteworthy Wednesday Option Activity: JPM, TSCO, AAP
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AAP
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity-jpm-tsco-aap-2017-07-05
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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 JPMorgan Chase & Co (Symbol: JPM), where a total volume of 74,396 contracts has been traded thus far today, a contract volume which is representative of approximately 7.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.6% of JPM's average daily trading volume over the past month, of 15.3 million shares. Especially high volume was seen for the $93 strike put option expiring July 07, 2017 , with 4,453 contracts trading so far today, representing approximately 445,300 underlying shares of JPM. Below is a chart showing JPM's trailing twelve month trading history, with the $93 strike highlighted in orange:
Tractor Supply Co. (Symbol: TSCO) options are showing a volume of 10,003 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 43.4% of TSCO's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $55 strike call option expiring July 21, 2017 , with 5,181 contracts trading so far today, representing approximately 518,100 underlying shares of TSCO. Below is a chart showing TSCO's trailing twelve month trading history, with the $55 strike highlighted in orange:
And Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 6,927 contracts, representing approximately 692,700 underlying shares or approximately 42.2% of AAP's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $110 strike call option expiring July 21, 2017 , with 607 contracts trading so far today, representing approximately 60,700 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $110 strike highlighted in orange:
For the various different available expirations for JPM options , TSCO options , or AAP 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.
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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Particularly high volume was seen for the $110 strike call option expiring July 21, 2017 , with 607 contracts trading so far today, representing approximately 60,700 underlying shares of AAP. Below is a chart showing TSCO's trailing twelve month trading history, with the $55 strike highlighted in orange: And Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 6,927 contracts, representing approximately 692,700 underlying shares or approximately 42.2% of AAP's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing AAP's trailing twelve month trading history, with the $110 strike highlighted in orange: For the various different available expirations for JPM options , TSCO options , or AAP options , visit StockOptionsChannel.com.
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Below is a chart showing TSCO's trailing twelve month trading history, with the $55 strike highlighted in orange: And Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 6,927 contracts, representing approximately 692,700 underlying shares or approximately 42.2% of AAP's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $110 strike call option expiring July 21, 2017 , with 607 contracts trading so far today, representing approximately 60,700 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $110 strike highlighted in orange: For the various different available expirations for JPM options , TSCO options , or AAP options , visit StockOptionsChannel.com.
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Below is a chart showing TSCO's trailing twelve month trading history, with the $55 strike highlighted in orange: And Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 6,927 contracts, representing approximately 692,700 underlying shares or approximately 42.2% of AAP's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $110 strike call option expiring July 21, 2017 , with 607 contracts trading so far today, representing approximately 60,700 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $110 strike highlighted in orange: For the various different available expirations for JPM options , TSCO options , or AAP options , visit StockOptionsChannel.com.
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Below is a chart showing TSCO's trailing twelve month trading history, with the $55 strike highlighted in orange: And Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 6,927 contracts, representing approximately 692,700 underlying shares or approximately 42.2% of AAP's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $110 strike call option expiring July 21, 2017 , with 607 contracts trading so far today, representing approximately 60,700 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $110 strike highlighted in orange: For the various different available expirations for JPM options , TSCO options , or AAP options , visit StockOptionsChannel.com.
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11555.0
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2017-07-03 00:00:00 UTC
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Bear of the Day: Advance Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/bear-day-advance-auto-parts-aap-2017-07-03
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nan
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nan
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Advance Auto Parts ( AAP ) a leading automotive parts supplier in North America, serving both the professional installer and do-it-yourself customers. The company operates approximately 5,100 stores, 126 Worldpac branches and serves approximately 1,300 independently owned Carquest branded stores in the US and Canada. They employ approximately 74,000 people.
Shares Plunge After Weak Results
The company reported Q1 ended April 22 results on May 24. Adjusted earnings of $1.60 per share were down 36% year-over-year and also significantly below the Zacks Consensus Estimate of $2.12.
Revenues declined 3% year over year to $2.89 billion and also missed the Zacks Consensus Estimate of $2.93 billion.
"Our first quarter comparable store sales declined 2.7%. As expected, comparable store sales were unfavorably impacted by the shift in New Year's Day to the first quarter of 2017 as well as the significant shift of winter related demand into December," said the CEO.
Shares plunged after the report and have continued to slide since then. The stock is now down about 32% year-to-date.
Falling Estimates
Analysts have slashed their estimates for the company after weak guidance. Zacks Consensus Estimates for the current and next fiscal year have fallen to $6.78 per share and $8.15 per share from $7.51 and $8.72 respectively, before the results.
The company has missed in three out of past four quarters and just met in one. The average negative quarterly surprise for the past four quarters is 10.75%.
The Bottom Line
It was recently reported that the company is cutting management-level job positions companywide. Auto parts suppliers are facing increasing headwinds due to rising competition from Amazon.
The industry "Automotive - Retail and Wholesale - Parts" is currently ranked 247 out of 265 Zacks industries (bottom 7%), suggesting potential underperformance in the short-to-medium term. With the fundamental shift in the auto industry towards smart cars with more digital features, traditional auto suppliers will face rising challenges ahead.
It would be better for investors to stay away from this stock and the industry as of now. There is no Zacks #1 or #2 stock in this industry.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
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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Advance Auto Parts ( AAP ) a leading automotive parts supplier in North America, serving both the professional installer and do-it-yourself customers. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Auto parts suppliers are facing increasing headwinds due to rising competition from Amazon.
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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 ( AAP ) a leading automotive parts supplier in North America, serving both the professional installer and do-it-yourself customers. Revenues declined 3% year over year to $2.89 billion and also missed the Zacks Consensus Estimate of $2.93 billion.
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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 ( AAP ) a leading automotive parts supplier in North America, serving both the professional installer and do-it-yourself customers. Zacks Consensus Estimates for the current and next fiscal year have fallen to $6.78 per share and $8.15 per share from $7.51 and $8.72 respectively, before the results.
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Advance Auto Parts ( AAP ) a leading automotive parts supplier in North America, serving both the professional installer and do-it-yourself customers. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. "Our first quarter comparable store sales declined 2.7%.
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11556.0
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2017-07-03 00:00:00 UTC
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Broadcom and Advance Auto Parts highlighted as Zacks Bull and Bear of the Day
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AAP
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https://www.nasdaq.com/articles/broadcom-and-advance-auto-parts-highlighted-as-zacks-bull-and-bear-of-the-day-2017-07-03
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For Immediate Release
Chicago, IL - July 03, 2017 - Zacks Equity ResearchBroadcom Limited (NASDAQ: AVGO - Free Report ) as the Bull of the Day, Advance Auto Parts (NYSE: AAP - Free Report ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on various companies.
Here is a synopsis of all two stocks:
Bull of the Day :
Headquartered in San Jose, CA and Singapore, Broadcom Limited (NASDAQ: AVGO - Free Report ) is a designer, developer and global supplier of a broad range of semiconductor devices, The company was formed following the merger of Avago and Broadcom Corporation in February 2016.
Avago products primarily serve four markets: Wired Infrastructure (50% of Q2 revenue), Wireless Communications (28%), Enterprise Storage (17%), and Industrial & Other (5%). The company has a global presence and a very diversified revenue model.
Excellent Results and Raised Guidance
Broadcom reported strong second-quarter fiscal 2017 results with earnings rising almost 46% year-over-year. Adjusted earnings (including stock-based compensation) were $3.31 per share, ahead of the Zacks Consensus Estimate of $3.02.
Revenues were 4.2 billion, up 18% year-over-year, better than management's guidance as well as the Zacks Consensus Estimate.
"We delivered strong financial results for our second fiscal quarter with revenue, gross margin and EPS all above the top end of guidance," said the CEO. "Anticipating that end markets will remain healthy, we expect third fiscal quarter revenue growth of approximately six percent sequentially, driven by solid growth from our wired segment and a seasonal second half ramp in our wireless segment."
The management raised their guidance for the fiscal third quarter; they now revenues of $4.45 billion, better than street consensus.
Rising Estimates
After better-than-expected results and upgraded guidance, the Zacks Consensus Estimates for FY 2017 and 2018 have increased to $13.78 per share and $15.20 per share, from $12.89 and $14.21 respectively, 30 days ago. The company has beaten the estimates in all of the last four quarter, with average quarterly surprise at 6.73%.
Solid Industry Outlook
Semiconductor industry is currently ranked 76 out of 265 Zacks industries (top 29%). With rising demand from many high growth areas, the industry is likely to outperform the broader markets in the coming months.
Bernstein chip analyst recommends Broadcom as a safe haven amidst rising expectations for the chip industry that leave little room for error. "We prefer AVGO (strong FCF cash flow generation creating potential for earnings upside through M&A and/or margin expansion from strong cash return / dividend growth, with long term margin expansion and attractive valuation."
Increased Content in iPhone 8
The company makes radio frequency chips that are used in smartphones by Apple, Samsung and other mobile device manufacturers.
Avago is a key Apple supplier and expected to gain content iPhone 8. Their content in Samsung's latest smartphone Samsung Galaxy S8 had also gone up.
Returning Cash to Shareholders
The chipmaker has been paying dividends since 2010. In December 2016, they had doubled their dividend to $1.02 per share. They have a nice dividend yield of 1.74% currently. With strong and rising cash flows, the company should be able to increase its dividend going forward too.
The Bottom Line
With a strong industry outlook, rising earnings estimates and a nice dividend yield, the company looks set to reward investors in the coming months. Trading at a forward PE of 16.98, the stock looks attractive from valuation perspective too, compared to the industry multiple of 20.72 and S&P 500 multiple of about 19.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Bear of the Day :
Advance Auto Parts (NYSE: AAP - Free Report ) a leading automotive parts supplier in North America, serving both the professional installer and do-it-yourself customers. The company operates approximately 5,100 stores, 126 Worldpac branches and serves approximately 1,300 independently owned Carquest branded stores in the US and Canada. They employ approximately 74,000 people.
Shares Plunge After Weak Results
The company reported Q1 ended April 22 on May 24. Adjusted earnings to $1.60 per share were down 36% year-over-year and also significantly below the Zacks Consensus Estimate of $2.12.
Revenues declined 3% year over year to $2.89 billion and also missed the Zacks Consensus Estimate of $2.93 billion.
"Our first quarter comparable store sales declined 2.7%. As expected, comparable store sales were unfavorably impacted by the shift in New Year's Day to the first quarter of 2017 as well as the significant shift of winter related demand into December," said the CEO.
Shares plunged after the report and have continued to slide since then. The stock is now down about 32% year-to-date.
Falling Estimates
Analysts have slashed their estimates for the company after weak guidance. Zacks Consensus Estimates for the current and next fiscal year have fallen to $6.78 per share and $8.15 per share from $7.51 and $8.72 respectively, before the results.
The company has missed in three out of past four quarters and just met in one. The average negative quarterly surprise for the past four quarters is 10.75%.
The Bottom Line
It was recently reported that the company is cutting management-level job positions companywide. Auto parts suppliers are facing increasing headwinds due to rising competition from Amazon.
The industry "Automotive - Retail and Wholesale - Parts" is currently ranked 247 out of 265 Zacks industries (bottom 7%), suggesting potential underperformance in the short-to-medium term. With the fundamental shift in the auto industry towards smart cars with more digital features, traditional auto suppliers will face rising challenges ahead.
It would be better for investors to stay away from this stock and the industry as of now. There is no Zacks #1 or #2 stock in this industry.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Get the full Report on AVGO - FREE
Get the full Report on AAP - FREE
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press 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
Broadcom Limited (AVGO): 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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Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. For Immediate Release Chicago, IL - July 03, 2017 - Zacks Equity ResearchBroadcom Limited (NASDAQ: AVGO - Free Report ) as the Bull of the Day, Advance Auto Parts (NYSE: AAP - Free Report ) as the Bear of the Day. See these buy recommendations now >> Bear of the Day : Advance Auto Parts (NYSE: AAP - Free Report ) a leading automotive parts supplier in North America, serving both the professional installer and do-it-yourself customers.
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Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. For Immediate Release Chicago, IL - July 03, 2017 - Zacks Equity ResearchBroadcom Limited (NASDAQ: AVGO - Free Report ) as the Bull of the Day, Advance Auto Parts (NYSE: AAP - Free Report ) as the Bear of the Day.
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Get the full Report on AVGO - FREE Get the full Report on AAP - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - July 03, 2017 - Zacks Equity ResearchBroadcom Limited (NASDAQ: AVGO - Free Report ) as the Bull of the Day, Advance Auto Parts (NYSE: AAP - Free Report ) as the Bear of the Day.
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For Immediate Release Chicago, IL - July 03, 2017 - Zacks Equity ResearchBroadcom Limited (NASDAQ: AVGO - Free Report ) as the Bull of the Day, Advance Auto Parts (NYSE: AAP - Free Report ) as the Bear of the Day. See these buy recommendations now >> Bear of the Day : Advance Auto Parts (NYSE: AAP - Free Report ) a leading automotive parts supplier in North America, serving both the professional installer and do-it-yourself customers. Get the full Report on AVGO - FREE Get the full Report on AAP - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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11557.0
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2017-06-30 00:00:00 UTC
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The Zacks Analyst Blog Highlights: General Motors, Ford Motor, Honda Motor, Advance Auto Parts and Toyota Motor
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AAP
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-general-motors-ford-motor-honda-motor-advance-auto
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For Immediate Release
Chicago, IL - June 30, 2017 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include General Motors Company (NYSE: GM- Free Report ), Ford Motor Company (NYSE: F- Free Report ), Honda Motor Company Ltd. (NYSE: HMC- Free Report ), Advance Auto Parts, Inc. (NYSE: AAP- Free Report ) and Toyota Motor Corporation (NYSE: TM- Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Thursday's Analyst Blog:
Auto Stock Roundup: Ford Invests $900M, GM to Settle Lawsuit, Honda & Toyota New Models in Focus
The year 2016 set a record in terms of sales of new vehicles in the U.S. However, the joy-ride is not likely to continue in 2017 as reports of glut in nearly new used vehicles have started to pour in.
Auto behemoth General Motors Company (NYSE: GM- Free Report ) lowered the outlook for new vehicle sales in the U.S. in 2017. This is an indication that the industry is headed for a moderate downturn in 2017. A glut in nearly new used vehicles is expected to undermine sales this year. This has already started affecting the top line of many automakers.
This market reality has prompted many automakers to take a disciplined stance. Some of them are mulling over cutting production fleet.
(Read: Auto Stock Roundup for the week ending Jun 22, 2017 )
Recap of the Week's Most Important Stories
1. Ford Motor Company (NYSE: F- Free Report ) has announced an investment of $900 million for the upgrade of the Louisville, KE truck plant. The plant will be revamped to manufacture Ford's all-new Expedition and Lincoln Navigator models, scheduled to reach dealers by the end of this fall (read more: Ford to Pump $900 Million Into Kentucky Plant Upgrade ).
Ford carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. Per a Reuters report, General Motors has agreed to settle lawsuits moved by 203 plaintiffs pertaining to defective ignition switches in vehicles. In fact, the auto behemoth has been facing several federal lawsuits over defective ignition switches that could cause engines to halt and thwart airbags from deploying in the event of crashes (read more: General Motors to Settle Lawsuits Over Ignition Switches ).
General Motors carries a Zacks Rank #3.
3. Honda Motor Company Ltd. (NYSE: HMC- Free Report ) recently released a concept sketch, highlighting the stance and proportion of the new 2018 Honda Accord. This is the 10th generation of America's sales leader in midsize sedan segment (read more: Honda's 10th Generation Accord Sedan Debuts on July 14 ).
Honda Motor Company carries a Zacks Rank #3.
4. Advance Auto Parts, Inc. (NYSE: AAP- Free Report ) is reportedly laying off at the management-level across the company. Structural changes in supply chain and corporate support led to these eliminations. Per the news, this has affected 475 employees in corporate, supply chain and field-based management roles. No store-level associate or management positions were affected.
5. In a recent development, Toyota Motor Corporation (NYSE: TM- Free Report ) announced that it will launch the production of 2018 Camry, production of which is going on at Toyota Motor Manufacturing, Kentucky, Inc., in Georgetown. The new cutting-edge model includes a thrilling design, elegant interior, exciting driving performance, advanced safety and technology, and great fuel efficiency.
Performance
Most auto stocks declined last week, with the exceptions of General Motors and Ford.
What's Next in the Auto Space?
In the first week of July, automakers are expected to report their U.S. sales data for June and first-half 2017.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X 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>>
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X 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>>
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Get the full Report on GM - FREE
Get the full Report on F - FREE
Get the full Report on HMC - FREE
Get the full Report on AAP - FREE
Get the full Report on TM - FREE
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com/
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press 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
General Motors Company (GM): Free Stock Analysis Report
Ford Motor Company (F): Free Stock Analysis Report
Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Toyota Motor Corp Ltd Ord (TM): 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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Stocks recently featured in the blog include General Motors Company (NYSE: GM- Free Report ), Ford Motor Company (NYSE: F- Free Report ), Honda Motor Company Ltd. (NYSE: HMC- Free Report ), Advance Auto Parts, Inc. (NYSE: AAP- Free Report ) and Toyota Motor Corporation (NYSE: TM- Free Report ). Advance Auto Parts, Inc. (NYSE: AAP- Free Report ) is reportedly laying off at the management-level across the company. Get the full Report on GM - FREE Get the full Report on F - FREE Get the full Report on HMC - FREE Get the full Report on AAP - FREE Get the full Report on TM - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Stocks recently featured in the blog include General Motors Company (NYSE: GM- Free Report ), Ford Motor Company (NYSE: F- Free Report ), Honda Motor Company Ltd. (NYSE: HMC- Free Report ), Advance Auto Parts, Inc. (NYSE: AAP- Free Report ) and Toyota Motor Corporation (NYSE: TM- Free Report ). Get the full Report on GM - FREE Get the full Report on F - FREE Get the full Report on HMC - FREE Get the full Report on AAP - FREE Get the full Report on TM - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include General Motors Company (NYSE: GM- Free Report ), Ford Motor Company (NYSE: F- Free Report ), Honda Motor Company Ltd. (NYSE: HMC- Free Report ), Advance Auto Parts, Inc. (NYSE: AAP- Free Report ) and Toyota Motor Corporation (NYSE: TM- Free Report ). Get the full Report on GM - FREE Get the full Report on F - FREE Get the full Report on HMC - FREE Get the full Report on AAP - FREE Get the full Report on TM - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include General Motors Company (NYSE: GM- Free Report ), Ford Motor Company (NYSE: F- Free Report ), Honda Motor Company Ltd. (NYSE: HMC- Free Report ), Advance Auto Parts, Inc. (NYSE: AAP- Free Report ) and Toyota Motor Corporation (NYSE: TM- Free Report ). Advance Auto Parts, Inc. (NYSE: AAP- Free Report ) is reportedly laying off at the management-level across the company. Get the full Report on GM - FREE Get the full Report on F - FREE Get the full Report on HMC - FREE Get the full Report on AAP - FREE Get the full Report on TM - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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11558.0
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2017-06-29 00:00:00 UTC
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Auto Stock Roundup: Ford Invests $900M, GM to Settle Lawsuit, Honda & Toyota New Models in Focus
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-ford-invests-%24900m-gm-to-settle-lawsuit-honda-toyota-new-models-in
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The year 2016 set a record in terms of sales of new vehicles in the U.S. However, the joy-ride is not likely to continue in 2017 as reports of glut in nearly new used vehicles have started to pour in.
Auto behemoth General Motors Company GM lowered the outlook for new vehicle sales in the U.S. in 2017. This is an indication that the industry is headed for a moderate downturn in 2017. A glut in nearly new used vehicles is expected to undermine sales this year. This has already started affecting the top line of many automakers.
This market reality has prompted many automakers to take a disciplined stance. Some of them are mulling over cutting production fleet.
(Read: Auto Stock Roundup for the week ending Jun 22, 2017 )
Recap of the Week's Most Important Stories
1. Ford Motor Company F has announced an investment of $900 million for the upgrade of the Louisville, KE truck plant. The plant will be revamped to manufacture Ford's all-new Expedition and Lincoln Navigator models, scheduled to reach dealers by the end of this fall (read more: Ford to Pump $900 Million Into Kentucky Plant Upgrade ).
Ford carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. Per a Reuters report, General Motors has agreed to settle lawsuits moved by 203 plaintiffs pertaining to defective ignition switches in vehicles. In fact, the auto behemoth has been facing several federal lawsuits over defective ignition switches that could cause engines to halt and thwart airbags from deploying in the event of crashes (read more: General Motors to Settle Lawsuits Over Ignition Switches ).
General Motors carries a Zacks Rank #3.
3. Honda Motor Company Ltd. (HMC) recently released a concept sketch, highlighting the stance and proportion of the new 2018 Honda Accord. This is the 10th generation of America's sales leader in midsize sedan segment (read more: Honda's 10th Generation Accord Sedan Debuts on July 14 ).
Honda Motor Company carries a Zacks Rank #3.
4. Advance Auto Parts, Inc. AAP is reportedly laying off at the management-level across the company. Structural changes in supply chain and corporate support led to these eliminations. Per the news, this has affected 475 employees in corporate, supply chain and field-based management roles. No store-level associate or management positions were affected.
5. In a recent development, Toyota Motor Corporation TM announced that it will launch the production of 2018 Camry, production of which is going on at Toyota Motor Manufacturing, Kentucky, Inc., in Georgetown. The new cutting-edge model includes a thrilling design, elegant interior, exciting driving performance, advanced safety and technology, and great fuel efficiency.
Performance
Most auto stocks declined last week, with the exceptions of General Motors and Ford.
In the last six months, Tesla was the only gainer, while other stocks on the list declined.
What's Next in the Auto Space?
In the first week of July, automakers are expected to report their U.S. sales data for June and first-half 2017.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X 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>>
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
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Ford Motor Company (F): Free Stock Analysis Report
General Motors Company (GM): Free Stock Analysis Report
Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis 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, Inc. AAP is reportedly laying off at the management-level across the company. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Ford Motor Company F has announced an investment of $900 million for the upgrade of the Louisville, KE truck plant.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP is reportedly laying off at the management-level across the company. Auto behemoth General Motors Company GM lowered the outlook for new vehicle sales in the U.S. in 2017.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP is reportedly laying off at the management-level across the company. In a recent development, Toyota Motor Corporation TM announced that it will launch the production of 2018 Camry, production of which is going on at Toyota Motor Manufacturing, Kentucky, Inc., in Georgetown.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP is reportedly laying off at the management-level across the company. Auto behemoth General Motors Company GM lowered the outlook for new vehicle sales in the U.S. in 2017.
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11559.0
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2017-06-28 00:00:00 UTC
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S&P 500 Movers: PAYX, TRIP
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AAP
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https://www.nasdaq.com/articles/sp-500-movers-payx-trip-2017-06-28
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nan
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nan
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In early trading on Wednesday, shares of Tripadvisor topped the list of the day's best performing components of the S&P 500 index, trading up 3.8%. Year to date, Tripadvisor has lost about 18.3% of its value.
And the worst performing S&P 500 component thus far on the day is Paychex, trading down 2.7%. Paychex is lower by about 6.3% looking at the year to date performance.
Two other components making moves today are Advance Auto Parts, trading down 2.6%, and Arconic, trading up 3.4% on the day.
VIDEO: S&P 500 Movers: PAYX, TRIP
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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And the worst performing S&P 500 component thus far on the day is Paychex, trading down 2.7%. Paychex is lower by about 6.3% looking at the year to date performance. VIDEO: S&P 500 Movers: PAYX, TRIP 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 early trading on Wednesday, shares of Tripadvisor topped the list of the day's best performing components of the S&P 500 index, trading up 3.8%. VIDEO: S&P 500 Movers: PAYX, TRIP 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 early trading on Wednesday, shares of Tripadvisor topped the list of the day's best performing components of the S&P 500 index, trading up 3.8%. And the worst performing S&P 500 component thus far on the day is Paychex, trading down 2.7%. Two other components making moves today are Advance Auto Parts, trading down 2.6%, and Arconic, trading up 3.4% on the day.
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In early trading on Wednesday, shares of Tripadvisor topped the list of the day's best performing components of the S&P 500 index, trading up 3.8%. And the worst performing S&P 500 component thus far on the day is Paychex, trading down 2.7%. VIDEO: S&P 500 Movers: PAYX, TRIP 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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11560.0
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2017-06-28 00:00:00 UTC
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Wednesday Sector Laggards: Utilities, Services
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AAP
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https://www.nasdaq.com/articles/wednesday-sector-laggards-utilities-services-2017-06-28
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nan
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nan
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The worst performing sector as of midday Wednesday is the Utilities sector, showing a 0.2% loss. Within that group, FirstEnergy Corp (Symbol: FE) and CenterPoint Energy, Inc (Symbol: CNP) are two large stocks that are lagging, showing a loss of 1.1% and 0.9%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.3% on the day, and up 10.39% year-to-date. FirstEnergy Corp, meanwhile, is down 2.79% year-to-date, and CenterPoint Energy, Inc is up 15.51% year-to-date. Combined, FE and CNP make up approximately 3.8% of the underlying holdings of XLU.
The next worst performing sector is the Services sector, up 0.6%. Among large Services stocks, Advance Auto Parts Inc (Symbol: AAP) and H & R Block, Inc. (Symbol: HRB) are the most notable, showing a loss of 3.6% and 2.1%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.9% in midday trading, and up 9.71% on a year-to-date basis. Advance Auto Parts Inc, meanwhile, is down 30.43% year-to-date, and H & R Block, Inc. is up 35.49% year-to-date. Combined, AAP and HRB 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 Wednesday. As you can see, eight sectors are up on the day, while one sector is down.
10 ETFs With Stocks That Insiders Are Buying »
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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Combined, AAP and HRB make up approximately 0.5% of the underlying holdings of IYC. Among large Services stocks, Advance Auto Parts Inc (Symbol: AAP) and H & R Block, Inc. (Symbol: HRB) are the most notable, showing a loss of 3.6% and 2.1%, respectively. Combined, FE and CNP make up approximately 3.8% of the underlying holdings of XLU.
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Among large Services stocks, Advance Auto Parts Inc (Symbol: AAP) and H & R Block, Inc. (Symbol: HRB) are the most notable, showing a loss of 3.6% and 2.1%, respectively. Combined, AAP and HRB make up approximately 0.5% of the underlying holdings of IYC. The worst performing sector as of midday Wednesday is the Utilities sector, showing a 0.2% loss.
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Among large Services stocks, Advance Auto Parts Inc (Symbol: AAP) and H & R Block, Inc. (Symbol: HRB) are the most notable, showing a loss of 3.6% and 2.1%, respectively. Combined, AAP and HRB make up approximately 0.5% of the underlying holdings of IYC. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.3% on the day, and up 10.39% year-to-date.
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Among large Services stocks, Advance Auto Parts Inc (Symbol: AAP) and H & R Block, Inc. (Symbol: HRB) are the most notable, showing a loss of 3.6% and 2.1%, respectively. Combined, AAP and HRB make up approximately 0.5% of the underlying holdings of IYC. The worst performing sector as of midday Wednesday is the Utilities sector, showing a 0.2% loss.
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11561.0
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2017-06-27 00:00:00 UTC
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Why Is Advance Auto Parts (AAP) Down 8.5% Since the Last Earnings Report?
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AAP
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https://www.nasdaq.com/articles/why-is-advance-auto-parts-aap-down-8.5-since-the-last-earnings-report-2017-06-27
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nan
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nan
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It has been about a month since the last earnings report for Advance Auto Parts IncAAP . Shares have lost about 8.5% in that time frame, underperforming the market.
Will the recent negative trend continue leading up to the stock's next earnings release, or is it due for a breakout? Before we dive into how investors and analysts have reacted of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Advance Auto Parts Q1 Earnings Miss Estimates, Down Y/Y
Advance Auto Parts reported a 36% decline in adjusted earnings to $1.60 per share in the first quarter of fiscal 2017 (ended Apr 22, 2017) from $2.51 earned in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of $2.12. Adjusted net earnings declined to $118.4 million from $186 million in the first quarter of fiscal 2016.
Revenues declined 3% year over year to $2.89 billion and lagged the Zacks Consensus Estimate of $2.93 billion. The year-over-year decline was primarily due to the comparable store sales (comps) decline of 2.7% which was impacted by the shift in New Year's Day to the first quarter of 2017 as well as the significant shift of winter-related demand into December. However, growth in Worldpac in the quarter was a minor offset.
Gross profit declined to $1.27 billion in the reported quarter from $1.35 billion a year ago. Gross margin declined to 44% from 45.3% in the prior-year quarter mainly because of investments in the customer, inventory optimization efforts and supply chain expense deleverage due to comps decline.
Adjusted selling, general and administrative (SG&A) expenses totaled $1.07 billion or 36.9% of sales in the quarter under review compared with $1.03 billion or 34.7% in the first quarter of fiscal 2016. The SG&A was in line with the company's expectations and reflects the incremental customer focused investments and expense deleverage due to comps decline.
Adjusted operating income fell 35% to $204.9 million from $315 million in the prior-year quarter. Adjusted operating margin was 7.1%, down from 10.6% a year ago.
Dividend
On May 16, 2017, Advance Auto Parts' board of directors declared a regular quarterly dividend of $0.06 per share. The dividend will be paid on Jul 7, 2017, to stockholders on record as of Jun 23, 2017.
Financial Position
Advance Auto Parts had cash and cash equivalents of $126.1 million as of Apr 22, 2017, down from $135.2 million as of Dec 31, 2016. Total long-term debt was $1.07 billion as of Apr 22, 2017 compared with $1.04 billion as of Dec 31, 2016.
For the fiscal first quarter, operating cash flow was $35.1 million compared with $88.4 million in the year-ago period. Cash flow from operating activities in the quarter declined to $35.1 million from $88.5 million in the prior-year period. Capital expenditures amounted to $65.3 million in the quarter compared with $89.1 million a year ago.
Store Update
In the fiscal first quarter, the company's total store count was 5,059, including 130 Worldpac branches. Advance Auto Parts served roughly 1,250 independently-owned Carquest stores as of that date.
How Have Estimates Been Moving Since Then?
Following the release, investors have witnessed a downward trend in fresh estimates. There have been six revisions lower for the current quarter. In the past month, the consensus estimate has shifted lower by 10.5% due to these changes.
Advance Auto Parts Inc Price and Consensus
Advance Auto Parts Inc Price and Consensus | Advance Auto Parts Inc Quote
VGM Scores
At this time, Advance Auto Parts' stock has an average Growth Score of 'C', though it is lagging a bit on the momentum front with a 'D'. 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 'D'. If you aren't focused on one strategy, this score is the one you should be interested in.
Zacks' style scores indicate that the stock is suitable for value and growth investors.
Outlook
Estimates have been broadly trending downward for the stock. The magnitude of this revision also indicates a downward shift. It's no surprise that the stock has a Zacks Rank #5 (Strong Sell). We expect below average returns 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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It has been about a month since the last earnings report for Advance Auto Parts IncAAP . 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 the stock's next earnings release, or is it due for a breakout?
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It has been about a month since the last earnings report for Advance Auto Parts IncAAP . 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 Q1 Earnings Miss Estimates, Down Y/Y Advance Auto Parts reported a 36% decline in adjusted earnings to $1.60 per share in the first quarter of fiscal 2017 (ended Apr 22, 2017) from $2.51 earned in the prior-year quarter.
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It has been about a month since the last earnings report for Advance Auto Parts IncAAP . 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 Q1 Earnings Miss Estimates, Down Y/Y Advance Auto Parts reported a 36% decline in adjusted earnings to $1.60 per share in the first quarter of fiscal 2017 (ended Apr 22, 2017) from $2.51 earned in the prior-year quarter.
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It has been about a month since the last earnings report for Advance Auto Parts IncAAP . 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 Q1 Earnings Miss Estimates, Down Y/Y Advance Auto Parts reported a 36% decline in adjusted earnings to $1.60 per share in the first quarter of fiscal 2017 (ended Apr 22, 2017) from $2.51 earned in the prior-year quarter.
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11562.0
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2017-06-26 00:00:00 UTC
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S&P 500 Movers: ARNC, AAP
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AAP
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https://www.nasdaq.com/articles/sp-500-movers-arnc-aap-2017-06-26
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nan
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nan
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In early trading on Monday, shares of Advance Auto Parts ( AAP ) topped the list of the day's best performing components of the S&P 500 index, trading up 4.0%. Year to date, Advance Auto Parts has lost about 26.3% of its value.
And the worst performing S&P 500 component thus far on the day is Arconic ( ARNC ), trading down 6.0%. Arconic is showing a gain of 29.5% looking at the year to date performance.
Two other components making moves today are Humana ( HUM ), trading down 1.6%, and Micron Technology ( MU ), trading up 3.4% on the day.
VIDEO: S&P 500 Movers: ARNC, 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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In early trading on Monday, shares of Advance Auto Parts ( AAP ) topped the list of the day's best performing components of the S&P 500 index, trading up 4.0%. VIDEO: S&P 500 Movers: ARNC, AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing S&P 500 component thus far on the day is Arconic ( ARNC ), trading down 6.0%.
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In early trading on Monday, shares of Advance Auto Parts ( AAP ) topped the list of the day's best performing components of the S&P 500 index, trading up 4.0%. VIDEO: S&P 500 Movers: ARNC, 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 has lost about 26.3% of its value.
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In early trading on Monday, shares of Advance Auto Parts ( AAP ) topped the list of the day's best performing components of the S&P 500 index, trading up 4.0%. VIDEO: S&P 500 Movers: ARNC, AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Two other components making moves today are Humana ( HUM ), trading down 1.6%, and Micron Technology ( MU ), trading up 3.4% on the day.
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In early trading on Monday, shares of Advance Auto Parts ( AAP ) topped the list of the day's best performing components of the S&P 500 index, trading up 4.0%. VIDEO: S&P 500 Movers: ARNC, AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing S&P 500 component thus far on the day is Arconic ( ARNC ), trading down 6.0%.
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11563.0
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2017-06-24 00:00:00 UTC
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Stocks That Fell to 3-Year Lows in the Week of June 23
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AAP
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https://www.nasdaq.com/articles/stocks-fell-3-year-lows-week-june-23-2017-06-24
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nan
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nan
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National Grid PLC ( NGG ), Target Corp. ( TGT ), Advance Auto Parts Inc. ( AAP ) and New York Community Bancorp Inc. ( NYCB ) have declined to their three-year lows.
National Grid PLC ( NGG ) declined to $64.21
The prices of National Grid PLC ( NGG ) shares have declined to $64.21 on June 23, which is only 4.0% above the three-year low of $61.64.
National Grid PLC is a British international electricity and gas utility company. Its main activities are in the U.K. and northeastern U.S. The company had a market capitalization of ?40.4 billion in 2016. The company is also a constituent of the FTSE 100 Index.
National Grid PLC has a market cap of $49.98 billion; its shares were traded around $64.21 with a P/E ratio of 4.48 and P/S ratio of 2.33. The trailing 12-month dividend yield of National Grid PLC stocks is 4.53%. The forward dividend yield of National Grid PLC stocks is 4.56%.
On May 18 National Grid PLC released its fiscal full year results ended March 31. The company reported an adjusted operating profit of ?4.67 billion, up 14% from the previous fiscal year. The company also reported a profit before tax of ?3.56 billion, down 13% from the previous fiscal year.
Target Corp. ( TGT ) declined to $50.76
The prices of Target Corp. ( TGT ) shares have declined to $50.76 on June 23, which is only 4.3% above the three-year low of $48.56.
Target Corp. is an American international discount store retailer and a component of the S&P 500 Index. It is the second largest discount store retailer in the U.S. behind Walmart. The company retails beauty, health, clothing, electronics and other products. As of 2016, the company operates 1,803 stores in the U.S. and has 341,000 employees.
Target Corp. has a market cap of $28 billion; its shares were traded around $50.76 with a P/E ratio of 10.37 and P/S ratio of 0.42. The trailing 12-month dividend yield of Target Corp. stocks is 4.72%. The forward dividend yield of Target Corp. stocks is 4.9%. Target Corp. had an annual average earnings growth of 4.7% over the past 10 years.
On June 14 Target Corp announced that its board of directors has declared a quarterly dividend of 62 cents per common share, a 3.3% increase from the prior quarterly dividend to 60 cents. The dividend is payable Sept. 10 to shareholders of record at close of business on August 16.
Advance Auto Parts Inc. ( AAP ) declined to $119.74
The prices of Advance Auto Parts Inc. ( AAP ) shares have declined to $119.74 on June 23, which is only 1.2% above the three-year low of $118.26.
Advance Auto Parts Inc. is the largest American retailer of automotive parts and accessories in the U.S. The company operates over 5,200 company owned and 1,300 independently owned stores in every U.S. state, the Virgin Islands, Puerto Rico and Canada. The company employs more than 70,000 individuals.
Advance Auto Parts Inc. has a market cap of $8.84 billion; its shares were traded around $119.74 with a P/E ratio of 21.73 and P/S ratio of 0.95. The trailing 12-month dividend yield of Advance Auto Parts Inc. stocks is 0.20%. The forward dividend yield of Advance Auto Parts Inc stocks is 0.20%. Advance Auto Parts Inc had an annual average earnings growth of 13.20% over the past 10 years.
On May 24 Advance Auto Parts Inc. reported first quarter fiscal 2017 results. The company reported a first quarter GAAP earnings per diluted share of $1.46 and adjusted earnings per diluted share of $1.60. The company also reported a gross profit of $1.27 billion, compared to a gross profit of $1.35 billion in the first quarter of fiscal 2016.
New York Community Bancorp Inc. ( NYCB ) declined to $12.70
The prices of New York Community Bancorp Inc. ( NYCB ) shares have declined to $12.70 on June 23, which is only 0.6% above the three-year low of $12.62.
New York Community Bancorp Inc. is an American Fortune 1000 bank that has 227 branches in New York, New Jersey, Ohio, Florida, and Arizona. The bank has over $50 billion in assets, making it one of the 25 largest bank holding companies in the United States. As of 2015, the bank employs 3,448 individuals.
New York Community Bancorp Inc. has a market cap of $6.21 billion; its shares were traded around $12.70 with a P/E ratio of 13.25 and P/S ratio of 4.43. The trailing 12-month dividend yield of New York Community Bancorp Inc. stocks is 5.37%. The forward dividend yield of New York Community Bancorp Inc. stocks is 5.37%.
On April 26 New York Community Bancorp Inc. released financial results for the first quarter fiscal 2017. The company reported a net earnings of $104 million, or 21 cents per diluted common share. The company also issued $515 million of preferred stock in March of 2017 and reported a net interest income of $294.9 million, a $20.6 million decrease from the trailing quarter level and a $32.9 million decrease from the year-earlier amount.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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This article first appeared on GuruFocus .
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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National Grid PLC ( NGG ), Target Corp. ( TGT ), Advance Auto Parts Inc. ( AAP ) and New York Community Bancorp Inc. ( NYCB ) have declined to their three-year lows. Advance Auto Parts Inc. ( AAP ) declined to $119.74 The prices of Advance Auto Parts Inc. ( AAP ) shares have declined to $119.74 on June 23, which is only 1.2% above the three-year low of $118.26. The company reported a first quarter GAAP earnings per diluted share of $1.46 and adjusted earnings per diluted share of $1.60.
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National Grid PLC ( NGG ), Target Corp. ( TGT ), Advance Auto Parts Inc. ( AAP ) and New York Community Bancorp Inc. ( NYCB ) have declined to their three-year lows. Advance Auto Parts Inc. ( AAP ) declined to $119.74 The prices of Advance Auto Parts Inc. ( AAP ) shares have declined to $119.74 on June 23, which is only 1.2% above the three-year low of $118.26. The company reported a first quarter GAAP earnings per diluted share of $1.46 and adjusted earnings per diluted share of $1.60.
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National Grid PLC ( NGG ), Target Corp. ( TGT ), Advance Auto Parts Inc. ( AAP ) and New York Community Bancorp Inc. ( NYCB ) have declined to their three-year lows. Advance Auto Parts Inc. ( AAP ) declined to $119.74 The prices of Advance Auto Parts Inc. ( AAP ) shares have declined to $119.74 on June 23, which is only 1.2% above the three-year low of $118.26. The company reported a first quarter GAAP earnings per diluted share of $1.46 and adjusted earnings per diluted share of $1.60.
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National Grid PLC ( NGG ), Target Corp. ( TGT ), Advance Auto Parts Inc. ( AAP ) and New York Community Bancorp Inc. ( NYCB ) have declined to their three-year lows. Advance Auto Parts Inc. ( AAP ) declined to $119.74 The prices of Advance Auto Parts Inc. ( AAP ) shares have declined to $119.74 on June 23, which is only 1.2% above the three-year low of $118.26. The company reported a first quarter GAAP earnings per diluted share of $1.46 and adjusted earnings per diluted share of $1.60.
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11564.0
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2017-06-22 00:00:00 UTC
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Auto Stock Roundup: Tesla Outlines Expansion Plans, Winnebago Q3 Earnings Beat
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-tesla-outlines-expansion-plans-winnebago-q3-earnings-beat-2017-06-22
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nan
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nan
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The auto sector saw usual developments last week but most of the companies from this space witnessed negative stock price movement.General Motors Company GM disclosed its plans of opening a new supplier park at its already-existing Arlington assembly plant in Texas. Ford Motor Company F reportedly announced the shifting of the production facility of its Focus small car model to China. Also, per a Bloomberg report , Tesla, Inc. TSLA is close to beginning vehicle production in China.
In another development, Harley-Davidson, Inc. HOG is eyeing Italian motorcycle manufacturer Ducati, per various sources.
Moreover, Winnebago Industries, Inc. WGO reported better-than-expected third-quarter fiscal 2017 (ended May 27, 2017) results.
Recapof the Week's Most Important Stories
1. General Motors plans to open a new supplier park at its already-existing Arlington assembly plant in Texas. This new facility will support future vehicle production and recruit up to 1,250 employees. Per management, the plant will improve logistic efficiency and coordination, and create employment opportunities (read more: General Motors to Open Park in Arlington Plant, Offer Jobs ).
General Motors carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. Ford announced the shifting of the production facility of its Focus small car model to China. The manufactured models will be imported to the U.S. from mid-2019. This step has been taken by Ford with the aim of trimming tooling costs up to $500 million, taking advantage of low oil prices and the stable U.S.-China trade relations, despite recent tensions (read more: Ford to Shift Production Facility of Focus Cars to China ).
Ford carries a Zacks Rank #3 (Hold).
3. Tesla is close to beginning vehicle production in China. The Palo Alto, CA-based electric vehicles maker is about to enter into an agreement with the city of Shanghai. The agreement will allow the company to build facilities in Lingang development zone and access the Mainland market more vehemently.
Tesla is actively undertaking international expansion. Since 2013, the company has been selling its vehicles in a number of new markets such as Europe, China, Japan, Hong Kong, Australia, and Mexico. In fact, in 2016, Tesla's revenue grew three times to over $1 billion. Moreover, though production in China, the largest auto market in the world, the company can avoid 25% import tariff (read more: Tesla Gearing Up for Vehicle Production in China ).
Tesla carries a Zacks Rank #5 (Strong Sell).
4. Winnebago recorded adjusted earnings of 94 cents per share in the third quarter of fiscal 2017 (ended May 27, 2017), beating the Zacks Consensus Estimate of 66 cents. In the year-ago period, earnings came in at 53 cents per share.
Revenues in the third quarter rose 75.1%to $476.4 million from $272.1 million in the prior-ago quarter. Moreover, the figure outpaced the Zacks Consensus Estimate of $443 million. The upside in the top line was driven by strong growth of the Towable business (read more: Winnebago Beats Q3 Earnings and Revenues Estimates ).
Winnebago currently carries a Zacks Rank #3.
5. Per sources, Harley-Davidson is eyeing Italian motorcycle manufacturer Ducati. The company is likely to enter the race to acquire Italy-based Ducati for a price of $1.67 billion. Bid for deal is likely to come in July.
Harley-Davidson carries a Zacks Rank #4 (Sell).
Performance
Most auto stocks declined last week. Harley-Davidson was the only stock to gain among the stocks listed below, while Advance Auto Parts, Inc. (AAP) registered the maximum decline.
In the last six months, Tesla was the only gainer, while the other stocks on the list saw a decline.
What's Next in the Auto Space?
In the first week of July, automakers are expected to report their U.S. sales data for June and first-half 2017.
Looking for Ideas with Even Greater Upside
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Ford Motor Company (F): Free Stock Analysis Report
General Motors Company (GM): Free Stock Analysis Report
Tesla Inc. (TSLA): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Winnebago Industries, Inc. (WGO): Free Stock Analysis Report
Harley-Davidson, Inc. (HOG): 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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Harley-Davidson was the only stock to gain among the stocks listed below, while Advance Auto Parts, Inc. (AAP) registered the maximum decline. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Winnebago Industries, Inc. (WGO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Ford Motor Company F reportedly announced the shifting of the production facility of its Focus small car model to China.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Winnebago Industries, Inc. (WGO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Harley-Davidson was the only stock to gain among the stocks listed below, while Advance Auto Parts, Inc. (AAP) registered the maximum decline. The auto sector saw usual developments last week but most of the companies from this space witnessed negative stock price movement.General Motors Company GM disclosed its plans of opening a new supplier park at its already-existing Arlington assembly plant in Texas.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Winnebago Industries, Inc. (WGO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Harley-Davidson was the only stock to gain among the stocks listed below, while Advance Auto Parts, Inc. (AAP) registered the maximum decline. The auto sector saw usual developments last week but most of the companies from this space witnessed negative stock price movement.General Motors Company GM disclosed its plans of opening a new supplier park at its already-existing Arlington assembly plant in Texas.
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Harley-Davidson was the only stock to gain among the stocks listed below, while Advance Auto Parts, Inc. (AAP) registered the maximum decline. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Winnebago Industries, Inc. (WGO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. The auto sector saw usual developments last week but most of the companies from this space witnessed negative stock price movement.General Motors Company GM disclosed its plans of opening a new supplier park at its already-existing Arlington assembly plant in Texas.
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11565.0
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2017-06-22 00:00:00 UTC
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3 Stocks on the Motley Fool Money Radar This Week
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AAP
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https://www.nasdaq.com/articles/3-stocks-motley-fool-money-radar-week-2017-06-22
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nan
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In this segment of the Motley Fool Money show, the team shares their takes on companies to watch this week, including salt giant Compass Minerals (NYSE: CMP) , organic food player United Natural Foods (NASDAQ: UNFI) , Advance Auto Parts (NYSE: AAP) , and O'Reilly Auto Parts (NASDAQ: ORLY) .
A full transcript follows the video.
10 stocks we like better than Compass Minerals
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David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Compass Minerals wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of June 5, 2017
This video was recorded on June 16, 2017.
Chris Hill: Let's get to the stocks on our radar this week. We'll start with our man Ron Gross. What do you have?
Ron Gross: Hold on tight here, Compass Minerals, CMP, leading producer of salt for highway de-icing, also a growing agriculture and fertilizer business. They have a unique asset, which is the largest salt mine in the world in Canada. They also have the largest dedicated rock salt mine in the U.K. 4.2% dividend yield, has increased that yield every year since going public since 2003.
Matt Argersinger: Salty!
Hill: Steve Broido, question about Compass Minerals?
Steve Broido: What's your favorite mineral, Ron?
Gross: Potash, obviously.
Hill: Jason Moser, what are you looking at?
Moser: Checking out United Natural Foods, ticker is UNFI. They are a national distributor of natural and organic groceries. We talked about all of these companies that are getting sold off thanks to this Amazon - Whole Foods deal. United Natural Foods is no exception, but they have a very diverse supplier base, for example, Hain Celestial accounted for 5% of their total purchases in 2016. The interesting thing is that Whole Foods Market accounted for about 35% of their net sales in 2016. So I'm trying to determine how this deal is actually going to affect them, because I could see it being a catalyst in the long run, helping them out if Amazon is going to grow out that consumer base with this Whole Foods acquisition. So I'm going to dig a little more into this one.
Hill: Steve, question about United Natural Foods?
Broido: Do you personally pay a premium for organics at the store?
Jason Moser: I personally do not, no. I don't really care if it's organic, I'm just going to cook it, and if it's good I'm fine with that.
Hill: What about you, Steve? Do you pay up for organics?
Broido: Not usually but sometimes.
Hill: Matt Argersinger, what are you looking at this week?
Argersinger: I'm going negative this week.
Hill: Nice.
Argersinger: The next industry to be disrupted in my opinion is going to be auto parts retailers, so I'm looking at Advance Auto Parts, ticker AAP, and O'Reilly Automotive, ticker ORLY. If you think about it, you have mobility disruption, which is going to take a lot of private vehicles off the road, and then you have the rise of electric vehicles, which have vastly lower moving parts in each vehicle, and I think that's bad news for the do-it-yourself auto parts guys or manufacturers or mechanic --
Hill: Or gal.
Argersinger: Or gal. So that business looks really suspect to me right now. These two stocks in particular are trading at pretty high valuations.
Hill: Steve, question about either O'Reilly or Advance Auto Parts?
Broido: It's a broader question. Gas-powered cars go away altogether, we move to electric cars, how long is it going to take for that transition to happen?
Argersinger: Faster in other countries, but probably by 20 years here in the U.S., they're off the roads.
Hill: Compass Minerals, United Natural Foods, auto parts, do you have a stock you want to add to your watch list, Steve?
Broido: These all sound a little weird, but I might go with Ron's mineral company.
Hill: It was the potash that won you over, wasn't?
Broido: It was the potash.
John Mackey, CEO of Whole Foods Market, is a member of The Motley Fool's board of directors. Chris Hill owns shares of Amazon and Whole Foods Market. Jason Moser owns shares of Whole Foods Market. Matthew Argersinger owns shares of Amazon and Whole Foods Market. Matthew Argersinger has the following options: short December 2017 $800 puts on Amazon. Ron Gross owns shares of Amazon and Whole Foods Market. Steve Broido owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon, Hain Celestial, and Whole Foods Market. The Motley Fool owns shares of O'Reilly Automotive and has the following options: short August 2017 $250 calls on O'Reilly Automotive and long August 2017 $220 puts on O'Reilly Automotive. The Motley Fool recommends Compass Minerals. 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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In this segment of the Motley Fool Money show, the team shares their takes on companies to watch this week, including salt giant Compass Minerals (NYSE: CMP) , organic food player United Natural Foods (NASDAQ: UNFI) , Advance Auto Parts (NYSE: AAP) , and O'Reilly Auto Parts (NASDAQ: ORLY) . Argersinger: The next industry to be disrupted in my opinion is going to be auto parts retailers, so I'm looking at Advance Auto Parts, ticker AAP, and O'Reilly Automotive, ticker ORLY. Ron Gross: Hold on tight here, Compass Minerals, CMP, leading producer of salt for highway de-icing, also a growing agriculture and fertilizer business.
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In this segment of the Motley Fool Money show, the team shares their takes on companies to watch this week, including salt giant Compass Minerals (NYSE: CMP) , organic food player United Natural Foods (NASDAQ: UNFI) , Advance Auto Parts (NYSE: AAP) , and O'Reilly Auto Parts (NASDAQ: ORLY) . Argersinger: The next industry to be disrupted in my opinion is going to be auto parts retailers, so I'm looking at Advance Auto Parts, ticker AAP, and O'Reilly Automotive, ticker ORLY. Hill: Compass Minerals, United Natural Foods, auto parts, do you have a stock you want to add to your watch list, Steve?
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In this segment of the Motley Fool Money show, the team shares their takes on companies to watch this week, including salt giant Compass Minerals (NYSE: CMP) , organic food player United Natural Foods (NASDAQ: UNFI) , Advance Auto Parts (NYSE: AAP) , and O'Reilly Auto Parts (NASDAQ: ORLY) . Argersinger: The next industry to be disrupted in my opinion is going to be auto parts retailers, so I'm looking at Advance Auto Parts, ticker AAP, and O'Reilly Automotive, ticker ORLY. Hill: Compass Minerals, United Natural Foods, auto parts, do you have a stock you want to add to your watch list, Steve?
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In this segment of the Motley Fool Money show, the team shares their takes on companies to watch this week, including salt giant Compass Minerals (NYSE: CMP) , organic food player United Natural Foods (NASDAQ: UNFI) , Advance Auto Parts (NYSE: AAP) , and O'Reilly Auto Parts (NASDAQ: ORLY) . Argersinger: The next industry to be disrupted in my opinion is going to be auto parts retailers, so I'm looking at Advance Auto Parts, ticker AAP, and O'Reilly Automotive, ticker ORLY. Hill: Steve Broido, question about Compass Minerals?
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11566.0
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2017-06-20 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for June 21, 2017
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-june-21-2017-2017-06-20
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nan
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on June 21, 2017. A cash dividend payment of $0.06 per share is scheduled to be paid on July 07, 2017. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 16th quarter that AAP has paid the same dividend. At the current stock price of $129.6, the dividend yield is .19%.
The previous trading day's last sale of AAP was $129.6, representing a -27.12% decrease from the 52 week high of $177.83 and a 4.95% increase over the 52 week low of $123.49.
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 $5.51. Zacks Investment Research reports AAP's forecasted earnings growth in 2017 as -5.12%, compared to an industry average of 5.6%.
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.
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 2017 as -5.12%, compared to an industry average of 5.6%. 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 $5.51. 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 June 21, 2017.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 16th quarter that AAP has paid the same dividend. For more information on the declaration, record and payment dates, visit the AAP Dividend History page.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. AAP's current earnings per share, an indicator of a company's profitability, is $5.51. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on June 21, 2017.
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11567.0
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2017-06-13 00:00:00 UTC
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What Falling Estimates & Price Mean for Advance Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/what-falling-estimates-price-mean-for-advance-auto-parts-aap-2017-06-13
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nan
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Advance Auto Parts, Inc.AAP , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAP.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 11 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $7.50 a share a month ago to its current level of $6.78.
Also, for the current quarter, Advance Auto Parts has seen 10 downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to $1.84 a share from $2.05 over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 12% in the past month.
Advance Auto Parts Inc Price and Consensus
Advance Auto Parts Inc Price and Consensus | Advance Auto Parts Inc Quote
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the Auto-Tires-Trucks sector, you may instead consider a better-ranked stock - Cummins Inc. CMI . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today's Zacks #1 Rank stocks here .
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List 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
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Cummins Inc. (CMI): 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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One such stock that you may want to consider dropping is Advance Auto Parts, Inc.AAP , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAP. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Cummins Inc. (CMI): 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 Cummins Inc. (CMI): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is Advance Auto Parts, Inc.AAP , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAP.
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One such stock that you may want to consider dropping is Advance Auto Parts, Inc.AAP , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report To read this article on Zacks.com click here. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAP.
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One such stock that you may want to consider dropping is Advance Auto Parts, Inc.AAP , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAP. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report To read this article on Zacks.com click here.
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11568.0
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2017-06-08 00:00:00 UTC
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Auto Stock Roundup: U.S. Sales Decline in May, Thor Industries Beats Expectations in Q3
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-u.s.-sales-decline-in-may-thor-industries-beats-expectations-in-q3
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The auto sector saw mixed developments over the last week. U.S. light-vehicle sales declined year over year in May 2017, continuing the downward trend seen lately.
Tesla Inc. TSLA revealed plans for facility expansion to manufacture Model Y. Additionally, the company will resume the sale of solar roof panels in Nevada.
Thor Industries, Inc. THO reported better-than-expected results in third-quarter fiscal 2017.
Toyota Motor Corp Ltd TM backed engineering group is on track to develop flying cars. Meanwhile, Harley-Davidson, Inc. HOG recalled over 57,000 motorcycles globally due to issues in the oil line clamp.
Recap of the Week's Most Important Stories
1. U.S. light-vehicle sales fell 0.5% year over year to 1.52 million units in May 2017. Per Motor Intelligence, the demand for cars, sport utility vehicles and pickup trucks inched down to an annualized pace of 16.66 million vehicles in May from 17.17 million recorded a year ago.
2. Tesla has laid out plans for facility expansion to manufacture its Model Y vehicles. The vehicle will be produced in a newly-constructed facility, while batteries and other components will be supplied by the existing gigafactory in Nevada. The model is expected to be launched in 2019. In order to deal with shortage of lithium-ion batteries, the company is planning to build three additional gigafactories for effective production of both vehicles and batteries.
Meanwhile, the solar business is expected to see activity in Nevada again. The company announced its decision to resume its rooftop panel selling business in the state. This comes after a new bill was signed, which will ensure the sale of the excess power generated from customers' rooftop solar installations at near the full retail rate by electric utilities, rather than the almost one-third price they were entitled per a prior policy. (Read More: Tesla to Resume Rooftop Solar Panel Sale in Nevada )
Tesla carries a Zacks Rank #5 (Strong Sell).
3. Thor Industries reported third-quarter fiscal 2017 (ended Apr 30, 2017) earnings of $2.11 per share, surpassing the Zacks Consensus Estimate of $1.87. Revenues rose 56.9% year over year to a third-quarter record of $2.02 billion and also outperformed the Zacks Consensus Estimate of $1.96 billion.
The company incurred capital expenditures of $28.5 million in third-quarter fiscal 2017, thus bringing the year-to-date investment to $79.5 million. Total capital expenditure in fiscal 2017 is projected to be approximately $130 million due to an investment of roughly $50 million in additional capital projects during fourth quarter, to meet product demands. (Read More: Thor Industries Beats Q3 Earnings & Revenue Estimates )
Thor Industries currently holds a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
4. Toyota-supported engineer group, Cartivator aims to build and commercialize flying cars by 2025. It is currently working on a prototype, which is expected to be able to light up the Olympic flame for the opening ceremony of the Tokyo 2020 Summer Games. Toyotaagreed to invest ¥42.5 million (roughly $385,000) in the project over the next three years. (Read More: Toyota Backed Carvitor Working on Flying Car Prototype )
Toyota carries a Zacks Rank #3 (Hold).
5. Harley-Davidson has announced the voluntary recall of 57,138 Touring motorcycles globally. An oil line clamp in the said vehicles may have been inappropriately installed, resulting in the recall. The issue has caused some crashes, one resulting in a minor injury. Free repairs are likely to be performed at local dealerships. (Read More: Harley-Davidson to Recall Over 57K Touring Motorcycles )
Harley-Davidson also carries a Zacks Rank #3.
Performance
Auto stocks recorded mixed performance over the last week. Advance Auto Parts, Inc. AAP lost the most among the stocks listed below, while Tesla was the biggest gainer.
In the last six months as well, Advance Auto Parts was the worst performer, while Tesla was the sole gainer.
Auto-Tires-Trucks Sector 5YR % Return
Auto-Tires-Trucks Sector 5YR % Return
What's Next in the Auto Space?
Some automakers are expected to report Europe and China sales in the coming week.
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Tesla Inc. (TSLA): Free Stock Analysis Report
Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Thor Industries, Inc. (THO): Free Stock Analysis Report
Harley-Davidson, Inc. (HOG): 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 lost the most among the stocks listed below, while Tesla was the biggest gainer. Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Tesla Inc. TSLA revealed plans for facility expansion to manufacture Model Y. Additionally, the company will resume the sale of solar roof panels in Nevada.
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Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP lost the most among the stocks listed below, while Tesla was the biggest gainer. Tesla Inc. TSLA revealed plans for facility expansion to manufacture Model Y. Additionally, the company will resume the sale of solar roof panels in Nevada.
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Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP lost the most among the stocks listed below, while Tesla was the biggest gainer. Per Motor Intelligence, the demand for cars, sport utility vehicles and pickup trucks inched down to an annualized pace of 16.66 million vehicles in May from 17.17 million recorded a year ago.
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Advance Auto Parts, Inc. AAP lost the most among the stocks listed below, while Tesla was the biggest gainer. Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Tesla Inc. TSLA revealed plans for facility expansion to manufacture Model Y. Additionally, the company will resume the sale of solar roof panels in Nevada.
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11569.0
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2017-06-08 00:00:00 UTC
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Will Insiders Be Tempted To Buy More AAP At The New 52-Week Low?
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AAP
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https://www.nasdaq.com/articles/will-insiders-be-tempted-buy-more-aap-new-52-week-low-2017-06-08
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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) touched a new 52-week low of $127.80/share. That's a $50.03 share price drop, or -28.13% decline from the 52-week high of $177.83 set back on 12/08/2016. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for AAP that means the stock would have to gain 39.15% to get back to the 52-week high. For a move like that, Advance Auto Parts Inc would need fundamental strength at the business level.
Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as AAP shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, AAP has seen 6 different instances of insiders buying over the past six months.
In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where AAP has traded over the past year, with the 50-day and 200-day moving averages included.
Time will tell whether the insider purchases foretell a future rebound for AAP shares, which are presently showing a last trade of $127.72/share, slightly above the new 52-week low.
Ten Bargains You Can Buy Cheaper Than The Insiders Did »
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) touched a new 52-week low of $127.80/share. Time will tell whether the insider purchases foretell a future rebound for AAP shares, which are presently showing a last trade of $127.72/share, slightly above the new 52-week low. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for AAP that means the stock would have to gain 39.15% to get back to the 52-week high.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) touched a new 52-week low of $127.80/share. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for AAP that means the stock would have to gain 39.15% to get back to the 52-week high. So let's take a look to see whether any company insiders were taking the other side of the trade as AAP shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period.
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Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for AAP that means the stock would have to gain 39.15% to get back to the 52-week high. So let's take a look to see whether any company insiders were taking the other side of the trade as AAP shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. Time will tell whether the insider purchases foretell a future rebound for AAP shares, which are presently showing a last trade of $127.72/share, slightly above the new 52-week low.
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Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for AAP that means the stock would have to gain 39.15% to get back to the 52-week high. So let's take a look to see whether any company insiders were taking the other side of the trade as AAP shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) touched a new 52-week low of $127.80/share.
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11570.0
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2017-06-01 00:00:00 UTC
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New Strong Sell Stocks for June 1st
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AAP
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-june-1st-2017-06-01
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Affiliated Managers Group, Inc.AMG is an asset management company. The Zacks Consensus Estimate for its current year earnings has been revised 0.9% downward over the last 30 days.
Amerisafe, Inc.AMSF is an insurance holding company. The Zacks Consensus Estimate for its current year earnings has been revised 6.2% downward over the last 30 days.
Acacia Communications, Inc . ACIA provides high-speed coherent interconnect products. The Zacks Consensus Estimate for its current year earnings has been revised 38.5% downward over the last 30 days.
Acacia Research CorpACTG through its subsidiaries, invests in, licenses and enforces patented technologies. The Zacks Consensus Estimate for its current year earnings has been revised 21.1% downward over the last 30 days.
Advance Auto Parts, Inc . AAP provides automotive aftermarket parts. The Zacks Consensus Estimate for its current year earnings has been revised 9.7% downward over the last 30 days.
View the entire Zacks Rank #5 List .
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
Acacia Communications, Inc. (ACIA): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Affiliated Managers Group, Inc. (AMG): Free Stock Analysis Report
Acacia Research Corporation (ACTG): Free Stock Analysis Report
AMERISAFE, Inc. (AMSF): 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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AAP provides automotive aftermarket parts. Click to get this free report Acacia Communications, Inc. (ACIA): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Affiliated Managers Group, Inc. (AMG): Free Stock Analysis Report Acacia Research Corporation (ACTG): Free Stock Analysis Report AMERISAFE, Inc. (AMSF): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 0.9% downward over the last 30 days.
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Click to get this free report Acacia Communications, Inc. (ACIA): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Affiliated Managers Group, Inc. (AMG): Free Stock Analysis Report Acacia Research Corporation (ACTG): Free Stock Analysis Report AMERISAFE, Inc. (AMSF): Free Stock Analysis Report To read this article on Zacks.com click here. AAP provides automotive aftermarket parts. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Affiliated Managers Group, Inc.AMG is an asset management company.
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Click to get this free report Acacia Communications, Inc. (ACIA): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Affiliated Managers Group, Inc. (AMG): Free Stock Analysis Report Acacia Research Corporation (ACTG): Free Stock Analysis Report AMERISAFE, Inc. (AMSF): Free Stock Analysis Report To read this article on Zacks.com click here. AAP provides automotive aftermarket parts. The Zacks Consensus Estimate for its current year earnings has been revised 0.9% downward over the last 30 days.
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Click to get this free report Acacia Communications, Inc. (ACIA): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Affiliated Managers Group, Inc. (AMG): Free Stock Analysis Report Acacia Research Corporation (ACTG): Free Stock Analysis Report AMERISAFE, Inc. (AMSF): Free Stock Analysis Report To read this article on Zacks.com click here. AAP provides automotive aftermarket parts. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Affiliated Managers Group, Inc.AMG is an asset management company.
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11571.0
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2017-06-01 00:00:00 UTC
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12.0% of VONE Holdings Seeing Recent Insider Buys
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AAP
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https://www.nasdaq.com/articles/120-vone-holdings-seeing-recent-insider-buys-2017-06-01
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nan
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nan
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A look at the weighted underlying holdings of the Vanguard Russell 1000 ETF (Symbol: VONE) shows an impressive 12.0% of holdings on a weighted basis have experienced insider buying within the past six months.
Edwards Lifesciences Corp (Symbol: EW), which makes up 0.11% of the Vanguard Russell 1000 ETF (Symbol: VONE), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $706,847 worth of EW, making it the #195 largest holding. The table below details the recent insider buying activity observed at EW:
EW - last trade: $115.07 - Recent Insider Buys:
And Advance Auto Parts Inc (Symbol: AAP), the #489 largest holding among components of the Vanguard Russell 1000 ETF (Symbol: VONE), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $269,486 worth of AAP, which represents approximately 0.04% of the ETF's total assets at last check. The recent insider buying activity observed at AAP is detailed in the table below:
AAP - last trade: $133.63 - Recent Insider Buys:
10 ETFs With Stocks That Insiders Are Buying »
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 table below details the recent insider buying activity observed at EW: EW - last trade: $115.07 - Recent Insider Buys: And Advance Auto Parts Inc (Symbol: AAP), the #489 largest holding among components of the Vanguard Russell 1000 ETF (Symbol: VONE), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $269,486 worth of AAP, which represents approximately 0.04% of the ETF's total assets at last check. The recent insider buying activity observed at AAP is detailed in the table below: AAP - last trade: $133.63 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » 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 table below details the recent insider buying activity observed at EW: EW - last trade: $115.07 - Recent Insider Buys: And Advance Auto Parts Inc (Symbol: AAP), the #489 largest holding among components of the Vanguard Russell 1000 ETF (Symbol: VONE), shows 2 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at AAP is detailed in the table below: AAP - last trade: $133.63 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds $269,486 worth of AAP, which represents approximately 0.04% of the ETF's total assets at last check.
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The table below details the recent insider buying activity observed at EW: EW - last trade: $115.07 - Recent Insider Buys: And Advance Auto Parts Inc (Symbol: AAP), the #489 largest holding among components of the Vanguard Russell 1000 ETF (Symbol: VONE), shows 2 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at AAP is detailed in the table below: AAP - last trade: $133.63 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds $269,486 worth of AAP, which represents approximately 0.04% of the ETF's total assets at last check.
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The table below details the recent insider buying activity observed at EW: EW - last trade: $115.07 - Recent Insider Buys: And Advance Auto Parts Inc (Symbol: AAP), the #489 largest holding among components of the Vanguard Russell 1000 ETF (Symbol: VONE), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $269,486 worth of AAP, which represents approximately 0.04% of the ETF's total assets at last check. The recent insider buying activity observed at AAP is detailed in the table below: AAP - last trade: $133.63 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » 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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11572.0
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2017-05-31 00:00:00 UTC
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Why Autozone and Advance Auto Parts Both Hit the Skids Last Quarter
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AAP
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https://www.nasdaq.com/articles/why-autozone-and-advance-auto-parts-both-hit-skids-last-quarter-2017-05-31
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nan
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nan
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In this segment of the Motley Fool Money radio show, host Chris Hill, Supernova and Rule Breakers ' David Kretzmann, and Motley Fool Pro and Options ' Jeff Fischer talk about the reasons auto parts weren't selling last quarter -- the reasons the specialty retailers blame -- like the tax refund delay and the vagaries of the weather. But do they have a longer-term problem?
A full transcript follows the video.
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This video was recorded on May 26, 2017.
Chris Hill: Tough week if you are in the auto parts business. Third-quarter same-store sales were down for AutoZone (NYSE: AZO) , same story for Advance Auto Parts ' (NYSE: AAP) first-quarter report, and both stocks down, Jeff, more than 10% this week. This is kind of a rough patch for two businesses that have really rewarded shareholders over the long term.
Jeff Fischer: For a long time. And add O'Reilly Automotive (NASDAQ: ORLY) to that, and you have three, a trifecta, a disappointing quarter for these three companies. A few things have happened, Chris. One, as we talked about in the earlier segment, that tax refund was delayed. It's funny how these companies all really rely on consumers to get that refund.
Hill: I was going to say, AutoZone called that out, whereas Best Buy went out of their way to give credit to the delayed tax return, like, "Hey, people took their tax refund and spent it here!" AutoZone went the other way and said, "Yeah, tax returns were delayed, and they weren't spending money with us."
Fischer: Exactly, Chris. And they went further and said this last week that it never materialized. Once people got that refund, they didn't come in and spend it at AutoZone the way they expected. So, it was a one-two punch where it was delayed and then it didn't show up. Meanwhile, Best Buy is like, "Hey, everybody just came in and spent their refund on tech!"
Hill: Clearly AutoZone needs to start selling video games.
David Kretzmann: That's where the money is.
Fischer: People care about their cars less, maybe, in today's world. But what also happened is, the spring weather didn't materialize and stay the way they always depend on spring. April is usually a really strong month because it gets warmer, everyone thinks, "Time to clean my car, do some maintenance." That didn't really happen this year. And that's on top of a mild winter, which decreased their sales as well. So, all these things. Weather is a very real thing here. The talk on Wall Street is, Amazon is going to challenge these auto parts retailers. So far, that isn't happening at all, according to O'Reilly and AutoZone. It's just not really on the radar yet.
Hill: You mentioned the mild winter. You have to figure, on some level, David, if you're one of these companies, you're rooting for potholes.
Kretzmann: They won't say that exactly, but you know in the back of their head, their fingers are crossed.
Hill: When you look at the stock, it's down. And in the case of AutoZone, Advance Auto Parts, year to date, these stocks are down about 25%. Are they cheap? Is this an opportunity to get in at a lower price? Or is it still something that you want to see, put this on hold for three months and see how they do next quarter?
Fischer: They've done so well for so long that they had inflated multiples, you could say. And AutoZone now trades at 13 times price to earnings. Advance Auto Parts is 17 times forward estimates. So, they're not cheap yet, as far as retail goes. When I see valuations contracting on most retailers, it makes me leery of any that are high teens now still.
Chris Hill owns shares of AMZN. David Kretzmann owns shares of AMZN. Jeff Fischer owns shares of AMZN. The Motley Fool owns shares of and recommends AMZN. The Motley Fool owns shares of O'Reilly Automotive. The Motley Fool recommends AutoZone. 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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Third-quarter same-store sales were down for AutoZone (NYSE: AZO) , same story for Advance Auto Parts ' (NYSE: AAP) first-quarter report, and both stocks down, Jeff, more than 10% this week. In this segment of the Motley Fool Money radio show, host Chris Hill, Supernova and Rule Breakers ' David Kretzmann, and Motley Fool Pro and Options ' Jeff Fischer talk about the reasons auto parts weren't selling last quarter -- the reasons the specialty retailers blame -- like the tax refund delay and the vagaries of the weather. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.
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Third-quarter same-store sales were down for AutoZone (NYSE: AZO) , same story for Advance Auto Parts ' (NYSE: AAP) first-quarter report, and both stocks down, Jeff, more than 10% this week. In this segment of the Motley Fool Money radio show, host Chris Hill, Supernova and Rule Breakers ' David Kretzmann, and Motley Fool Pro and Options ' Jeff Fischer talk about the reasons auto parts weren't selling last quarter -- the reasons the specialty retailers blame -- like the tax refund delay and the vagaries of the weather. Hill: I was going to say, AutoZone called that out, whereas Best Buy went out of their way to give credit to the delayed tax return, like, "Hey, people took their tax refund and spent it here!"
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Third-quarter same-store sales were down for AutoZone (NYSE: AZO) , same story for Advance Auto Parts ' (NYSE: AAP) first-quarter report, and both stocks down, Jeff, more than 10% this week. In this segment of the Motley Fool Money radio show, host Chris Hill, Supernova and Rule Breakers ' David Kretzmann, and Motley Fool Pro and Options ' Jeff Fischer talk about the reasons auto parts weren't selling last quarter -- the reasons the specialty retailers blame -- like the tax refund delay and the vagaries of the weather. Hill: I was going to say, AutoZone called that out, whereas Best Buy went out of their way to give credit to the delayed tax return, like, "Hey, people took their tax refund and spent it here!"
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Third-quarter same-store sales were down for AutoZone (NYSE: AZO) , same story for Advance Auto Parts ' (NYSE: AAP) first-quarter report, and both stocks down, Jeff, more than 10% this week. In this segment of the Motley Fool Money radio show, host Chris Hill, Supernova and Rule Breakers ' David Kretzmann, and Motley Fool Pro and Options ' Jeff Fischer talk about the reasons auto parts weren't selling last quarter -- the reasons the specialty retailers blame -- like the tax refund delay and the vagaries of the weather. Chris Hill: Tough week if you are in the auto parts business.
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11573.0
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2017-05-26 00:00:00 UTC
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The Zacks Analyst Blog Highlights: General Motors, AutoZone, Advance Auto Parts, Ford Motor and Toyota Motor
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AAP
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-general-motors-autozone-advance-auto-parts-ford-motor
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nan
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nan
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For Immediate Release
Chicago, IL - May 26, 2017 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include General Motors Company (NYSE: GM- Free Report ), AutoZone, Inc. (NYSE: AZO- Free Report ), Advance Auto Parts, Inc. (NYSE: AAP- Free Report ), Ford Motor Company (NYSE: F- Free Report ) and Toyota Motor Corp. (NYSE: TM- Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday's Analyst Blog:
Auto Stock Roundup: GM, AZO, AAP, F, TM
Auto stock prices mostly moved up over the last week. General Motors Company (NYSE: GM- Free Report ) performed well on restructuring initiatives. The company will stop sales in India and sell its South African business to concentrate on its core markets.
AutoZone, Inc. (NYSE: AZO- Free Report ) reported third-quarter fiscal 2017 results. Both earnings and revenues missed the Zacks Consensus Estimate. Advance Auto Parts, Inc. (NYSE: AAP- Free Report ) also reported results for the first quarter of fiscal 2017. Earnings and revenues in the quarter declined year over year and fell short of the Zacks Consensus Estimate.
Ford Motor Company (NYSE: F- Free Report ) announced senior management changes, including the replacement of CEO Mark Fields with Jim Hackett. Meanwhile, Toyota Motor Corp. (NYSE: TM- Free Report ) and three other automakers have agreed to a settlement related to the recalled vehicles affected by the Takata recall.
(Read the previous roundup here: Auto Stock Roundup for May 18, 2017 )
Recap of the Week's Most Important Stories
1. AutoZone reported 6.2% growth in earnings per share to $11.44 for the third quarter of fiscal 2017 from $10.77 recorded in the year-ago quarter. However, earnings missed the Zacks Consensus Estimate of $12.00. Quarterly revenues improved 1.2% year over year to $2.62 billion in the reported quarter. However, the figure missed the Zacks Consensus Estimate of $2.70 billion.
In the third quarter of fiscal 2017, AutoZone repurchased 396,000 shares for $284 million, reflecting an average price of $716 per share. The company had shares worth $1.051 billion remaining for repurchase at the end of the quarter. (Read More: AutoZone Q3 Earnings Miss, Same-Store Sales Down Y/Y )
AutoZone carries a Zacks Rank #3 (Hold).
2. Advance Auto Parts reported a 36% decline in adjusted earnings to $1.60 per share in the first quarter of fiscal 2017 (ended Apr 22, 2017) from $2.51 earned in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of $2.12. Revenues declined 3% year over year to $2.89 billion and lagged the Zacks Consensus Estimate of $2.93 billion.
In the fiscal first quarter, the company's total store count was 5,059, including 130 Worldpac branches. Advance Auto Parts served roughly 1,250 independently owned Carquest stores as of that date. (Read More: Advance Auto Parts Q1 Earnings Miss Estimates, Down Y/Y )
Advance Auto Parts carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
3. Ford announced that Jim Hackett will be replacing Mark Fields as the company's CEO. The announcement, which included several other key changes at the top of Ford's corporate ladder, comes amid concerns about the company's steadily declining share price. Hackett previously served on Ford's board of directors and as chairman of the company's Smart Mobility unit.
Ford also announced its decision to invest $350 million to upgrade its Livonia, MI transmission plant for building fuel-efficient vehicles. This is part of a $2.25 billion investment in the state announced earlier by the company.
Ford carries a Zacks Rank #3.
4. General Motors has decided to stop selling vehicles in India. However, it will continue its manufacturing operations in the region. The company will also be selling its South African operations to Isuzu. It has confirmed plans to lay off 600 workers in the region, per a statement issued by The National Union of Metalworkers of South Africa (NUMSA). This initiative is aimed to help generate cash and focus on more profitable markets.
The company will report charges of $500 million in the second quarter of 2017 for restructuring in India, Singapore and Africa. Of this, $200 million is likely to be a cash charge. The steps are expected to help the company save roughly $100 million a year.
General Motors also carries a Zacks Rank #3.
5. Toyota and three other automakers have agreed to a $553 million settlement covering roughly 16 million recalled vehicles affected by the Takata recall regarding faulty airbags. Toyota has agreed to pay the largest share worth $278.5 million, with BMW AG, Mazda Motor Corp. and Subaru Corp. paying $131 million, $76 million and $68 million, respectively.
The automakers claimed that they have agreed to the settlement due to the size of the recall but did not admit any fault. (Read More: Toyota & Other Manufacturers Agree to Takata Settlement )
Toyota carries a Zacks Rank #4.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Get the full Report on GM - FREE
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.
This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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General Motors Company (GM): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Ford Motor Company (F): Free Stock Analysis Report
Toyota Motor Corp Ltd Ord (TM): 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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Stocks recently featured in the blog include General Motors Company (NYSE: GM- Free Report ), AutoZone, Inc. (NYSE: AZO- Free Report ), Advance Auto Parts, Inc. (NYSE: AAP- Free Report ), Ford Motor Company (NYSE: F- Free Report ) and Toyota Motor Corp. (NYSE: TM- Free Report ). Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup: GM, AZO, AAP, F, TM Auto stock prices mostly moved up over the last week. Advance Auto Parts, Inc. (NYSE: AAP- Free Report ) also reported results for the first quarter of fiscal 2017.
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Stocks recently featured in the blog include General Motors Company (NYSE: GM- Free Report ), AutoZone, Inc. (NYSE: AZO- Free Report ), Advance Auto Parts, Inc. (NYSE: AAP- Free Report ), Ford Motor Company (NYSE: F- Free Report ) and Toyota Motor Corp. (NYSE: TM- Free Report ). Click to get this free report General Motors Company (GM): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup: GM, AZO, AAP, F, TM Auto stock prices mostly moved up over the last week.
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Stocks recently featured in the blog include General Motors Company (NYSE: GM- Free Report ), AutoZone, Inc. (NYSE: AZO- Free Report ), Advance Auto Parts, Inc. (NYSE: AAP- Free Report ), Ford Motor Company (NYSE: F- Free Report ) and Toyota Motor Corp. (NYSE: TM- Free Report ). Get the full Report on GM - FREE Get the full Report on AZO - FREE Get the full Report on AAP - FREE Get the full Report on F - FREE Get the full Report on TM - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report General Motors Company (GM): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include General Motors Company (NYSE: GM- Free Report ), AutoZone, Inc. (NYSE: AZO- Free Report ), Advance Auto Parts, Inc. (NYSE: AAP- Free Report ), Ford Motor Company (NYSE: F- Free Report ) and Toyota Motor Corp. (NYSE: TM- Free Report ). Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup: GM, AZO, AAP, F, TM Auto stock prices mostly moved up over the last week. Advance Auto Parts, Inc. (NYSE: AAP- Free Report ) also reported results for the first quarter of fiscal 2017.
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11574.0
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2017-05-25 00:00:00 UTC
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Oversold Conditions For Advance Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/oversold-conditions-advance-auto-parts-aap-2017-05-25
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $130.14 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 63.8. A bullish investor could look at AAP's 29.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAP shares:
Looking at the chart above, AAP's low point in its 52 week range is $130.13 per share, with $177.83 as the 52 week high point - that compares with a last trade of $130.34.
Find out what 9 other oversold stocks you need to know about »
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) entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $130.14 per share. A bullish investor could look at AAP's 29.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $130.13 per share, with $177.83 as the 52 week high point - that compares with a last trade of $130.34.
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The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $130.13 per share, with $177.83 as the 52 week high point - that compares with a last trade of $130.34. In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $130.14 per share. A bullish investor could look at AAP's 29.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $130.14 per share. The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $130.13 per share, with $177.83 as the 52 week high point - that compares with a last trade of $130.34. A bullish investor could look at AAP's 29.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $130.14 per share. A bullish investor could look at AAP's 29.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $130.13 per share, with $177.83 as the 52 week high point - that compares with a last trade of $130.34.
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11575.0
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2017-05-25 00:00:00 UTC
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Company News for May 25, 2017
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AAP
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https://www.nasdaq.com/articles/company-news-for-may-25-2017-2017-05-25
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• Shares of Intuit Inc. INTU advanced 6.7% after the company reported third-quarter fiscal adjusted earnings of $3.71 per share, surpassing the Zacks Consensus Estimate of $3.67
• Lowe's Companies, Inc.'s LOW shares declined 3% after the company posted first-quarter fiscal adjusted earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.07
• Shares of Tiffany & Co. TIF fell 8.7% after the company reported first-quarter fiscal revenues of $899.6 million, missing the Zacks Consensus Estimate of $916 million
• Advance Auto Parts, Inc.'s AAP shares decreased 5.4% after the company posted first-quarter fiscal adjusted earnings of $1.60 per share, missing the Zacks Consensus Estimate of $2.12
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
Lowe's Companies, Inc. (LOW): Free Stock Analysis Report
Intuit Inc. (INTU): Free Stock Analysis Report
Tiffany & Co. (TIF): 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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• Shares of Intuit Inc. INTU advanced 6.7% after the company reported third-quarter fiscal adjusted earnings of $3.71 per share, surpassing the Zacks Consensus Estimate of $3.67 • Lowe's Companies, Inc.'s LOW shares declined 3% after the company posted first-quarter fiscal adjusted earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.07 • Shares of Tiffany & Co. TIF fell 8.7% after the company reported first-quarter fiscal revenues of $899.6 million, missing the Zacks Consensus Estimate of $916 million • Advance Auto Parts, Inc.'s AAP shares decreased 5.4% after the company posted first-quarter fiscal adjusted earnings of $1.60 per share, missing the Zacks Consensus Estimate of $2.12 Want the latest recommendations from Zacks Investment Research? Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Lowe's Companies, Inc. (LOW): Free Stock Analysis Report Intuit Inc. (INTU): Free Stock Analysis Report Tiffany & Co. (TIF): 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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• Shares of Intuit Inc. INTU advanced 6.7% after the company reported third-quarter fiscal adjusted earnings of $3.71 per share, surpassing the Zacks Consensus Estimate of $3.67 • Lowe's Companies, Inc.'s LOW shares declined 3% after the company posted first-quarter fiscal adjusted earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.07 • Shares of Tiffany & Co. TIF fell 8.7% after the company reported first-quarter fiscal revenues of $899.6 million, missing the Zacks Consensus Estimate of $916 million • Advance Auto Parts, Inc.'s AAP shares decreased 5.4% after the company posted first-quarter fiscal adjusted earnings of $1.60 per share, missing the Zacks Consensus Estimate of $2.12 Want the latest recommendations from Zacks Investment Research? Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Lowe's Companies, Inc. (LOW): Free Stock Analysis Report Intuit Inc. (INTU): Free Stock Analysis Report Tiffany & Co. (TIF): 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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• Shares of Intuit Inc. INTU advanced 6.7% after the company reported third-quarter fiscal adjusted earnings of $3.71 per share, surpassing the Zacks Consensus Estimate of $3.67 • Lowe's Companies, Inc.'s LOW shares declined 3% after the company posted first-quarter fiscal adjusted earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.07 • Shares of Tiffany & Co. TIF fell 8.7% after the company reported first-quarter fiscal revenues of $899.6 million, missing the Zacks Consensus Estimate of $916 million • Advance Auto Parts, Inc.'s AAP shares decreased 5.4% after the company posted first-quarter fiscal adjusted earnings of $1.60 per share, missing the Zacks Consensus Estimate of $2.12 Want the latest recommendations from Zacks Investment Research? Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Lowe's Companies, Inc. (LOW): Free Stock Analysis Report Intuit Inc. (INTU): Free Stock Analysis Report Tiffany & Co. (TIF): 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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• Shares of Intuit Inc. INTU advanced 6.7% after the company reported third-quarter fiscal adjusted earnings of $3.71 per share, surpassing the Zacks Consensus Estimate of $3.67 • Lowe's Companies, Inc.'s LOW shares declined 3% after the company posted first-quarter fiscal adjusted earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.07 • Shares of Tiffany & Co. TIF fell 8.7% after the company reported first-quarter fiscal revenues of $899.6 million, missing the Zacks Consensus Estimate of $916 million • Advance Auto Parts, Inc.'s AAP shares decreased 5.4% after the company posted first-quarter fiscal adjusted earnings of $1.60 per share, missing the Zacks Consensus Estimate of $2.12 Want the latest recommendations from Zacks Investment Research? Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Lowe's Companies, Inc. (LOW): Free Stock Analysis Report Intuit Inc. (INTU): Free Stock Analysis Report Tiffany & Co. (TIF): 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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11576.0
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2017-05-25 00:00:00 UTC
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11 Dividend Stocks to Sell Right Away
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AAP
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https://www.nasdaq.com/articles/11-dividend-stocks-sell-right-away-2017-05-25
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Nowadays, the stock market yields more than the bank. Thanks to the Fed's monetary stimulus, interest rates and bond yields have fallen to paltry levels, making dividend yields all the more attractive.
But while I'm a fan of juicy dividend yields myself, a word to the wise: You should never pick stocks based on just their dividend.
While high dividend yields can be attractive, that shouldn't be the only thing you're looking for when picking stocks. With some companies, a high dividend yield isn't always a good thing: Sometimes a high yield is actually caused by a drop in stock price.
Moving beyond the yield and current dividend payment, you want to look at the company as a whole and its history of dividend payments. Consistent and steadily increasing payments are a prime sign of a strong company that makes dividends work for you.
And above all else, before buying any stock, you need to take a hard look at its fundamentals. You can do this by running your stocks through my Dividend Grader tool .
Like Portfolio Grader, you can enter your tickers and get my buy, hold or sell recommendation in an instant. The difference is that Dividend Grader focuses on four characteristics that are essential to identifying healthy dividend stocks: Dividend Trend, Dividend Reliability, Forward Dividend Growth and Earnings Yield.
To arrive at the Total Grade, I blend the results of the four dividend grades and make the final buy, hold or sell recommendation.
To get you started, I've run the top dividend stocks in the S&P 500 through both Dividend Grader and Portfolio Grader and I've come up with no fewer than 11 stocks that need to be sold right away.
So it just goes to show that dividends alone won't ensure profits in this market-we all need to pay attention to fundamental metrics as well.
More From InvestorPlace
7 Top Dividend Stocks to Buy for Every Kind of Investor
10 Dividend Aristocrats That Are Ready to Rally
The 10 Best Growth Stocks for Retirement
The post 11 Dividend Stocks to Sell Right Away 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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Consistent and steadily increasing payments are a prime sign of a strong company that makes dividends work for you. Like Portfolio Grader, you can enter your tickers and get my buy, hold or sell recommendation in an instant. So it just goes to show that dividends alone won't ensure profits in this market-we all need to pay attention to fundamental metrics as well.
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With some companies, a high dividend yield isn't always a good thing: Sometimes a high yield is actually caused by a drop in stock price. To arrive at the Total Grade, I blend the results of the four dividend grades and make the final buy, hold or sell recommendation. More From InvestorPlace 7 Top Dividend Stocks to Buy for Every Kind of Investor 10 Dividend Aristocrats That Are Ready to Rally The 10 Best Growth Stocks for Retirement The post 11 Dividend Stocks to Sell Right Away appeared first on InvestorPlace .
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The difference is that Dividend Grader focuses on four characteristics that are essential to identifying healthy dividend stocks: Dividend Trend, Dividend Reliability, Forward Dividend Growth and Earnings Yield. To get you started, I've run the top dividend stocks in the S&P 500 through both Dividend Grader and Portfolio Grader and I've come up with no fewer than 11 stocks that need to be sold right away. More From InvestorPlace 7 Top Dividend Stocks to Buy for Every Kind of Investor 10 Dividend Aristocrats That Are Ready to Rally The 10 Best Growth Stocks for Retirement The post 11 Dividend Stocks to Sell Right Away appeared first on InvestorPlace .
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While high dividend yields can be attractive, that shouldn't be the only thing you're looking for when picking stocks. Like Portfolio Grader, you can enter your tickers and get my buy, hold or sell recommendation in an instant. To get you started, I've run the top dividend stocks in the S&P 500 through both Dividend Grader and Portfolio Grader and I've come up with no fewer than 11 stocks that need to be sold right away.
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11577.0
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2017-05-25 00:00:00 UTC
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Auto Stock Roundup: AZO, AAP Miss Quarterly Estimates, Ford Replaces CEO, GM Restructures
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-azo-aap-miss-quarterly-estimates-ford-replaces-ceo-gm-restructures
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Auto stock prices mostly moved up over the last week. General Motors Company GM performed well on restructuring initiatives. The company will stop sales in India and sell its South African business to concentrate on its core markets.
AutoZone, Inc. AZO reported third-quarter fiscal 2017 results. Both earnings and revenues missed the Zacks Consensus Estimate. Advance Auto Parts, Inc. AAP also reported results for the first quarter of fiscal 2017. Earnings and revenues in the quarter declined year over year and fell short of the Zacks Consensus Estimate.
Ford Motor Company F announced senior management changes, including the replacement of CEO Mark Fields with Jim Hackett. Meanwhile, Toyota Motor Corp. TM and three other automakers have agreed to a settlement related to the recalled vehicles affected by the Takata recall.
(Read the previous roundup here: Auto Stock Roundup for May 18, 2017 )
Recap of the Week's Most Important Stories
1. AutoZone reported 6.2% growth in earnings per share to $11.44 for the third quarter of fiscal 2017 from $10.77 recorded in the year-ago quarter. However, earnings missed the Zacks Consensus Estimate of $12.00. Quarterly revenues improved 1.2% year over year to $2.62 billion in the reported quarter. However, the figure missed the Zacks Consensus Estimate of $2.70 billion.
In the third quarter of fiscal 2017, AutoZone repurchased 396,000 shares for $284 million, reflecting an average price of $716 per share. The company had shares worth $1.051 billion remaining for repurchase at the end of the quarter. (Read More: AutoZone Q3 Earnings Miss, Same-Store Sales Down Y/Y )
AutoZone carries a Zacks Rank #3 (Hold).
2. Advance Auto Parts reported a 36% decline in adjusted earnings to $1.60 per share in the first quarter of fiscal 2017 (ended Apr 22, 2017) from $2.51 earned in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of $2.12. Revenues declined 3% year over year to $2.89 billion and lagged the Zacks Consensus Estimate of $2.93 billion.
In the fiscal first quarter, the company's total store count was 5,059, including 130 Worldpac branches. Advance Auto Parts served roughly 1,250 independently owned Carquest stores as of that date. (Read More: Advance Auto Parts Q1 Earnings Miss Estimates, Down Y/Y )
Advance Auto Parts carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
3. Ford announced that Jim Hackett will be replacing Mark Fields as the company's CEO. The announcement, which included several other key changes at the top of Ford's corporate ladder, comes amid concerns about the company's steadily declining share price. Hackett previously served on Ford's board of directors and as chairman of the company's Smart Mobility unit.
Ford also announced its decision to invest $350 million to upgrade its Livonia, MI transmission plant for building fuel-efficient vehicles. This is part of a $2.25 billion investment in the state announced earlier by the company.
Ford carries a Zacks Rank #3.
4. General Motors has decided to stop selling vehicles in India. However, it will continue its manufacturing operations in the region. The company will also be selling its South African operations to Isuzu. It has confirmed plans to lay off 600 workers in the region, per a statement issued by The National Union of Metalworkers of South Africa (NUMSA). This initiative is aimed to help generate cash and focus on more profitable markets.
The company will report charges of $500 million in the second quarter of 2017 for restructuring in India, Singapore and Africa. Of this, $200 million is likely to be a cash charge. The steps are expected to help the company save roughly $100 million a year.
General Motors also carries a Zacks Rank #3.
5. Toyota and three other automakers have agreed to a $553 million settlement covering roughly 16 million recalled vehicles affected by the Takata recall regarding faulty airbags. Toyota has agreed to pay the largest share worth $278.5 million, with BMW AG, Mazda Motor Corp. and Subaru Corp. paying $131 million, $76 million and $68 million, respectively.
The automakers claimed that they have agreed to the settlement due to the size of the recall but did not admit any fault. (Read More: Toyota & Other Manufacturers Agree to Takata Settlement )
Toyota carries a Zacks Rank #4.
Performance
Auto stocks recorded a mostly positive performance in the last week. General Motors was the highest gainer among the stocks listed below, while AutoZone saw the largest decline.
In the last six months, Tesla, Inc. TSLA was the sole gainer, while AutoZone was the worst performer.
Auto-Tires-Trucks Sector 5YR % Return
Auto-Tires-Trucks Sector 5YR % Return
What's Next in the Auto Space?
The U.S. auto sales for May will release in the coming week.
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
Ford Motor Company (F): Free Stock Analysis Report
General Motors Company (GM): Free Stock Analysis Report
Tesla Inc. (TSLA): Free Stock Analysis Report
Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): 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 also reported results for the first quarter of fiscal 2017. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. The announcement, which included several other key changes at the top of Ford's corporate ladder, comes amid concerns about the company's steadily declining share price.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP also reported results for the first quarter of fiscal 2017. (Read More: Advance Auto Parts Q1 Earnings Miss Estimates, Down Y/Y ) Advance Auto Parts carries a Zacks Rank #4 (Sell).
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP also reported results for the first quarter of fiscal 2017. Advance Auto Parts reported a 36% decline in adjusted earnings to $1.60 per share in the first quarter of fiscal 2017 (ended Apr 22, 2017) from $2.51 earned in the prior-year quarter.
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Advance Auto Parts, Inc. AAP also reported results for the first quarter of fiscal 2017. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. Auto stock prices mostly moved up over the last week.
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11578.0
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2017-05-24 00:00:00 UTC
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Advance Auto Parts (AAP) Q1 Earnings Miss Estimates, Down Y/Y
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q1-earnings-miss-estimates-down-y-y-2017-05-24
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Advance Auto Parts Inc. (AAP) reported a 36% decline in adjusted earnings to $1.60 per share in the first quarter of fiscal 2017 (ended Apr 22, 2017) from $2.51 earned in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of $2.12. Adjusted net earnings declined to $118.4 million from $186 million in the first quarter of fiscal 2016.
Revenues declined 3% year over year to $2.89 billion and lagged the Zacks Consensus Estimate of $2.93 billion. The year-over-year decline was primarily due to the comparable store sales (comps) decline of 2.7% which was impacted by the shift in New Year's Day to the first quarter of 2017 as well as the significant shift of winter-related demand into December. However, growth in Worldpac in the quarter was a minor offset.
Gross profit declined to $1.27 billion in the reported quarter from $1.35 billion a year ago. Gross margin declined to 44% from 45.3% in the prior year quarter mainlydue to investments in the customer, inventory optimization efforts and supply chain expense deleverage due to comps decline.
Adjusted selling, general and administrative (SG&A) expenses totaled $1.07 billion or 36.9% of sales in the quarter under review, compared with $1.03 billion or 34.7% in the first quarter of fiscal 2016. The SG&A was in line with the company's expectations and reflects the incremental customer focused investments and expense deleverage due to comps decline.
Adjusted operating income fell 35% to $204.9 million from $315 million in the prior-year quarter. Adjusted operating margin was 7.1%, down from 10.6% a year ago.
Advance Auto Parts Inc Price, Consensus and EPS Surprise
Advance Auto Parts Inc Price, Consensus and EPS Surprise | Advance Auto Parts Inc Quote
Dividend
On May 16, 2017, the board of directors of Advance Auto Parts declared a regular quarterly dividend of 6 cents per share. The dividend will be paid on Jul 7, 2017, to stockholders on record as of Jun 23, 2017.
Financial Position
Advance Auto Parts had cash and cash equivalents of $126.1 million as of Apr 22, 2017, down from $135.2 million as of Dec 31, 2016. Total long-term debt was $1.07 billion as of Apr 22, 2017, compared with $1.04 billion as of Dec 31, 2016.
For the fiscal first quarter, operating cash flow was $35.1 million compared with $88.4 million in the year-ago period. Cash flow from operating activities in the quarter declined to $35.1 million from $88.5 million in the prior-year period. Capital expenditures amounted to $65.3 million in the quarter compared with $89.1 million a year ago.
Store Update
In the fiscal first quarter, the company's total store count was 5,059, including 130 Worldpac branches. Advance Auto Parts served roughly 1,250 independently owned Carquest stores as of that date.
Advance Auto Parts has underperformed the Zacks categorized Retail/Wholesale-Auto Parts industry over the past six months. The company's shares have lost 17.68% over this period compared with 15.02% decline of the industry.
Zacks Rank & Stocks to Consider
Advance Auto Parts currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the auto space include Allison Transmission Holding Inc. ALSN , Cummins Inc. CMI and Dana Incorporated (DAN , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Allison Transmission has long-term expected growth rate of 11%.
Cummins has long-term expected growth rate of 11.65%.
Dana has long-term expected growth rate of 3%.
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
Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report
Cummins Inc. (CMI): Free Stock Analysis Report
Dana Incorporated (DAN): 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 a 36% decline in adjusted earnings to $1.60 per share in the first quarter of fiscal 2017 (ended Apr 22, 2017) from $2.51 earned in the prior-year quarter. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report To read this article on Zacks.com click here. The SG&A was in line with the company's expectations and reflects the incremental customer focused investments and expense deleverage due to comps decline.
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Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. (AAP) reported a 36% decline in adjusted earnings to $1.60 per share in the first quarter of fiscal 2017 (ended Apr 22, 2017) from $2.51 earned 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 Dividend On May 16, 2017, the board of directors of Advance Auto Parts declared a regular quarterly dividend of 6 cents per share.
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Advance Auto Parts Inc. (AAP) reported a 36% decline in adjusted earnings to $1.60 per share in the first quarter of fiscal 2017 (ended Apr 22, 2017) from $2.51 earned in the prior-year quarter. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc Price, Consensus and EPS Surprise Advance Auto Parts Inc Price, Consensus and EPS Surprise | Advance Auto Parts Inc Quote Dividend On May 16, 2017, the board of directors of Advance Auto Parts declared a regular quarterly dividend of 6 cents per share.
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Advance Auto Parts Inc. (AAP) reported a 36% decline in adjusted earnings to $1.60 per share in the first quarter of fiscal 2017 (ended Apr 22, 2017) from $2.51 earned in the prior-year quarter. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues declined 3% year over year to $2.89 billion and lagged the Zacks Consensus Estimate of $2.93 billion.
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11579.0
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2017-05-24 00:00:00 UTC
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Stock Market News for May 24, 2017
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AAP
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https://www.nasdaq.com/articles/stock-market-news-for-may-24-2017-2017-05-24
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nan
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nan
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Benchmarks closed in the green on Tuesday following the release of Trump's budget proposal which was more or less in line with expectations. Financials moved north led by gains in bank stocks. Energy shares advanced following rise in expectations of production cuts by major oil producers including Russia. Meanwhile, broader markets pared some gains due to the fall in consumer discretionary shares.
For a look at the issues currently facing the markets, make sure to read today's Ahead of Wall Street article.
The Dow Jones Industrial Average (DJI) gained 0.2% or 43.08 points to close at 20,937.91. The S&P 500 rose 0.2% to close at 2,398.42. The tech-laden Nasdaq Composite Index advanced 0.1% to close at 6,138.71. A total of around 5.95 billion shares were traded on Tuesday, lower than the last 20-session average of 6.9 billion shares. The fear-gauge CBOE Volatility Index (VIX) closed at 10.47. Advancers outnumbered declining stocks on the NYSE by a 1.48 to 1 ratio.
Trump's Budget Plan Boosts Broader markets
Markets stabilized on Tuesday following the release of Trump's budget plan on Monday night. Lack of updates related to the FBI probe into Mike Flynn's involvement with Russian sources over the weekend helped markets to recover from the losses it suffered due to events at the White House. Instead, Trump's first foreign visit continued to dominate headlines.
Even as investors digested the full budget plan, they remained doubtful over the likelihood of its approval in Congress. Trump's budget seeks to cut federal spending by $3.6 trillion with a focus on balancing the budget over the next decade through cuts in healthcare and food assistance programs. The budget plan is expected to make changes to key programs such as Medicaid, food stamps and federal student loans through steep cuts in government spending in these areas. Defense and infrastructure are among the few areas where the budget proposes to increase funding.
However, the budget assumes the Trump administration will lower tax rates for corporate and households. The White House has proposed to slash the corporate rate to 15% and reduce individual rates from seven brackets to three. Since Trump's budget plan came in largely as expected, it had a positive impact on the broader markets.
The broader Financials Select Sector SPDR (XLF) advanced 0.8%, emerging as the best performing sector of S&P 500. Some of the key holdings of the financial sector in the S&P 500 including JP Morgan Chase & Co JPM and Goldman Sachs Group GS gained 1.3% and 1.7% respectively.
Energy Shares Gain
Oil prices gained on Tuesday following a rise in expectations that OPEC and other major oil producing countries would enter into a deal to extend oil production cuts at a meeting scheduled later this week. Initially, oil prices fell following news of Trump's proposal to sell crude from the U.S. strategic petroleum reserves as part of his budget plan.
Consequently, WTI crude prices increased by $0.34, or 0.7%, to $51.47 a barrel. The broader Energy Select Sector SPDR (XLE) advanced 0.2%. Some of the key holdings of the energy sector in the S&P 500 including Exxon Mobil Corp XOM and Halliburton Co HAL gained by 0.4% and 1% respectively. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Consumer Discretionary Declines
Broader markets pared some gains following declines in shares of consumer discretionary sector with fall in shares of auto part retailers. Shares of Advance Auto Parts AAP and O'Reilly Automotive ORLY declined. Moreover, shares of Autozone Inc AZO tanked 11.8%, dragging down the consumer discretionary sector, following the release of the company's weaker-than-expected third quarter 2017 earnings results.
AutoZone reported earnings of $11.44 per share in the third quarter of fiscal 2017, missing the Zacks Consensus Estimate of $12.00. However, the company logged revenues of $2.62 billion, surpassing the Zacks Consensus Estimate of $2.70 billion.
Economic Data
As per the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, new home sales were at a seasonally adjusted annual rate of 569,000, in April 2017. The figure came in below the consensus estimate of 610,000 and also came below the revised March rate of 642,000.
Stocks that made Headlines
JetBlue Airways Gains on Bullish Q2 RASM Outlook
Shares of Long Island City, NY-based JetBlue Airways Corporation JBLU rallied on May 23, following a guidance revision for a key unit revenue metric. ( Read More )
Nokia at 52-Week High on Dispute Settlement with Apple
Nokia Corporation NOK recently announced that it has sued Apple Inc. AAPL for patent infringement. ( Read More )
Shell Rejects Emissions Reduction Target Proposal
European oil giant Royal Dutch Shell plc RDS.A was recently criticized for failing to set an annual greenhouse gas reduction target in line with the Paris climate agreement. ( Read More )
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
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
J P Morgan Chase & Co (JPM): Free Stock Analysis Report
Nokia Corporation (NOK): Free Stock Analysis Report
O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Goldman Sachs Group, Inc. (The) (GS): Free Stock Analysis Report
Halliburton Company (HAL): Free Stock Analysis Report
Royal Dutch Shell PLC (RDS.A): Free Stock Analysis Report
Exxon Mobil Corporation (XOM): 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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Shares of Advance Auto Parts AAP and O'Reilly Automotive ORLY declined. ( Read More ) Nokia at 52-Week High on Dispute Settlement with Apple Nokia Corporation NOK recently announced that it has sued Apple Inc. AAPL for patent infringement. Click to get this free report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report J P Morgan Chase & Co (JPM): Free Stock Analysis Report Nokia Corporation (NOK): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Goldman Sachs Group, Inc. (The) (GS): Free Stock Analysis Report Halliburton Company (HAL): Free Stock Analysis Report Royal Dutch Shell PLC (RDS.A): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report J P Morgan Chase & Co (JPM): Free Stock Analysis Report Nokia Corporation (NOK): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Goldman Sachs Group, Inc. (The) (GS): Free Stock Analysis Report Halliburton Company (HAL): Free Stock Analysis Report Royal Dutch Shell PLC (RDS.A): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Advance Auto Parts AAP and O'Reilly Automotive ORLY declined. ( Read More ) Nokia at 52-Week High on Dispute Settlement with Apple Nokia Corporation NOK recently announced that it has sued Apple Inc. AAPL for patent infringement.
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Click to get this free report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report J P Morgan Chase & Co (JPM): Free Stock Analysis Report Nokia Corporation (NOK): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Goldman Sachs Group, Inc. (The) (GS): Free Stock Analysis Report Halliburton Company (HAL): Free Stock Analysis Report Royal Dutch Shell PLC (RDS.A): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Advance Auto Parts AAP and O'Reilly Automotive ORLY declined. ( Read More ) Nokia at 52-Week High on Dispute Settlement with Apple Nokia Corporation NOK recently announced that it has sued Apple Inc. AAPL for patent infringement.
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Shares of Advance Auto Parts AAP and O'Reilly Automotive ORLY declined. ( Read More ) Nokia at 52-Week High on Dispute Settlement with Apple Nokia Corporation NOK recently announced that it has sued Apple Inc. AAPL for patent infringement. Click to get this free report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report J P Morgan Chase & Co (JPM): Free Stock Analysis Report Nokia Corporation (NOK): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Goldman Sachs Group, Inc. (The) (GS): Free Stock Analysis Report Halliburton Company (HAL): Free Stock Analysis Report Royal Dutch Shell PLC (RDS.A): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis Report To read this article on Zacks.com click here.
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11580.0
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2017-05-24 00:00:00 UTC
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Advance Auto Parts (AAP) Miss on Q1 Earnings & Revenues
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-miss-on-q1-earnings-revenues-2017-05-24
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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 (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks. It is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" (or Commercial) customers. Advance Auto Parts operates through a single reportable segment comprising stores and distribution branch operations.
Advance Auto Parts continues to face declining cash flows which could impact capital expenditure. Moreover, production of better quality vehicles can affect demand of the company's products. The fact that consumers are opting for new vehicle purchases instead of maintaining old ones, can adversely affect the demand for company's products.
Investors have been eagerly waiting for Advance Auto Parts' latest earnings report. Let's take a quick look at this U.S.-based automotive aftermarket company's first-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Advance Auto Partsfor the first quarter have decreased in the past 60 days.
The company delivered negative earnings surprise in the last four trailing quarters with an average miss of around 5.58%.
Advance Auto Parts Inc Price and EPS Surprise
Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote
Zacks Rank
Advance Auto Parts currently has a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Advance Auto Parts raked in adjusted earnings of $1.60 per share that missed the Zacks Consensus Estimate of $2.12. Adjusted earnings were lower than $2.51 recorded in the year-ago quarter.
Revenues
Advance Auto Parts logged revenues of $2.89 billion, lagging behind the Zacks Consensus Estimate of $2.93 billion. Revenues were lower than the $2.98 billion recorded in the year-ago quarter.
Key Stats/Developments to Note
As of first quarter, Advance Auto Parts operated 5,059 stores and 130 Worldpac branches and served approximately 1,250 independently owned Carquest stores.
Market Reaction
Advance Auto Parts shares were inactive in the pre-trading session. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Advance Auto Partsearning report!
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
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 (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. It is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" (or Commercial) customers.
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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 operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks. Advance Auto Parts Inc Price and EPS Surprise Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote Zacks Rank Advance Auto Parts currently has a Zacks Rank #4 (Sell).
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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 (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks. 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 Price and EPS Surprise Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote Zacks Rank Advance Auto Parts currently has a Zacks Rank #4 (Sell).
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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 (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks. 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 have been eagerly waiting for Advance Auto Parts' latest earnings report.
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11581.0
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2017-05-23 00:00:00 UTC
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AutoZone, Inc. (AZO) Stalls Out With Q3 Underperformance
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AAP
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https://www.nasdaq.com/articles/autozone-inc.-azo-stalls-out-with-q3-underperformance-2017-05-23
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
AutoZone, Inc. (NYSE: AZO ) disappointed investors with Q3 results far below expectations. Wall Street reacted by dragging AZO stock down almost 9% in pre-market trading this morning.
Source: time anchor via Flickr (Modified)
Earnings per share were 56 cents shy of analyst expectations, at $11.44 a share, according to a company press release . The year-ago quarter saw $10.77 per share. Net income increased 1.3% over the same period last year to $331.7 million.
The car-parts retailer said sales were $2.6 billion for the 12 weeks ended May 6. That's 1% higher than last year's Q3 but short of a Wall Street's forecast of $2.71 billion. Domestic same store sales, or sales for stores open at least one year, declined 0.8% for the quarter.
Gross margins fell 21 bps to 52.6%, fueled by higher supply chain costs and higher inventory shrink.
"Our sales performance for the first five weeks of our quarter was significantly below our expectations, challenged by the well-publicized timing delays in IRS tax refunds," said Bill Rhodes, president and CEO. "The last seven weeks of sales demonstrated improvement, but not enough to make up for our soft start."
7 S&P 500 Stocks That Will Drop by Double Digits
AZO stock is down 7% over the past month, while shares of Advance Auto Parts, Inc. (NYSE: AAP ) are up less than 1% and Genuine Parts Company (NYSE: GPC ) shares are down a similar amount.
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The post AutoZone, Inc. (AZO) Stalls Out With Q3 Underperformance 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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7 S&P 500 Stocks That Will Drop by Double Digits AZO stock is down 7% over the past month, while shares of Advance Auto Parts, Inc. (NYSE: AAP ) are up less than 1% and Genuine Parts Company (NYSE: GPC ) shares are down a similar amount. Wall Street reacted by dragging AZO stock down almost 9% in pre-market trading this morning. "Our sales performance for the first five weeks of our quarter was significantly below our expectations, challenged by the well-publicized timing delays in IRS tax refunds," said Bill Rhodes, president and CEO.
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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. 7 S&P 500 Stocks That Will Drop by Double Digits AZO stock is down 7% over the past month, while shares of Advance Auto Parts, Inc. (NYSE: AAP ) are up less than 1% and Genuine Parts Company (NYSE: GPC ) shares are down a similar amount. InvestorPlace - Stock Market News, Stock Advice & Trading Tips AutoZone, Inc. (NYSE: AZO ) disappointed investors with Q3 results far below expectations.
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7 S&P 500 Stocks That Will Drop by Double Digits AZO stock is down 7% over the past month, while shares of Advance Auto Parts, Inc. (NYSE: AAP ) are up less than 1% and Genuine Parts Company (NYSE: GPC ) shares are down a similar amount. InvestorPlace - Stock Market News, Stock Advice & Trading Tips AutoZone, Inc. (NYSE: AZO ) disappointed investors with Q3 results far below expectations. Domestic same store sales, or sales for stores open at least one year, declined 0.8% for the quarter.
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7 S&P 500 Stocks That Will Drop by Double Digits AZO stock is down 7% over the past month, while shares of Advance Auto Parts, Inc. (NYSE: AAP ) are up less than 1% and Genuine Parts Company (NYSE: GPC ) shares are down a similar amount. InvestorPlace - Stock Market News, Stock Advice & Trading Tips AutoZone, Inc. (NYSE: AZO ) disappointed investors with Q3 results far below expectations. The year-ago quarter saw $10.77 per share.
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11582.0
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2017-05-23 00:00:00 UTC
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Pre-Market Earnings Report for May 24, 2017 : LOW, TIF, AAP, EV, DY, KLXI, CHS, TGI, GOGL, THR, HMLP, JASO
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-may-24-2017-low-tif-aap-ev-dy-klxi-chs-tgi-gogl-thr-hmlp-jaso
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The following companies are expected to report earnings prior to market open on 05/24/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Lowe's Companies, Inc. ( LOW ) is reporting for the quarter ending April 30, 2017. The building company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.07. This value represents a 22.99% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for LOW is 18.08 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Tiffany & Co. ( TIF ) is reporting for the quarter ending April 30, 2017. The jewelry retail company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.70. This value represents a 9.37% increase compared to the same quarter last year. TIF missed the consensus earnings per share in the 2nd calendar quarter of 2016 by -5.88%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for TIF is 23.77 vs. an industry ratio of 11.60, 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 March 31, 2017. The wholesale retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $2.12. This value represents a 15.54% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 19.78 vs. an industry ratio of 20.50.
Eaton Vance Corporation ( EV ) is reporting for the quarter ending April 30, 2017. The finance/investment management company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.59. This value represents a 22.92% increase compared to the same quarter last year. The last two quarters EV had negative earnings surprises; the latest report they missed by -8.62%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for EV is 18.26 vs. an industry ratio of 13.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Dycom Industries, Inc. ( DY ) is reporting for the quarter ending April 30, 2017. The building company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.20. This value represents a 11.11% increase compared to the same quarter last year. In the past year DY has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 18.84%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DY is 19.75 vs. an industry ratio of 16.60, implying that they will have a higher earnings growth than their competitors in the same industry.
KLX Inc. ( KLXI ) is reporting for the quarter ending April 30, 2017. The aerospace and defense company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.30. This value represents a 18.92% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for KLXI is 27.22 vs. an industry ratio of 50.30.
Chico's FAS, Inc. ( CHS ) is reporting for the quarter ending April 30, 2017. The retail (shoe) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.29. This value represents a 16.00% increase compared to the same quarter last year. CHS missed the consensus earnings per share in the 2nd calendar quarter of 2016 by -19.35%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CHS is 12.43 vs. an industry ratio of 12.70.
Triumph Group, Inc. ( TGI ) is reporting for the quarter ending March 31, 2017. The aerospace and defense company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.60. This value represents a 21.21% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for TGI is 5.21 vs. an industry ratio of 50.30.
Golden Ocean Group Limited ( GOGL ) is reporting for the quarter ending March 31, 2017. The shipping company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.14. This value represents a 78.46% increase compared to the same quarter last year. GOGL missed the consensus earnings per share in the 1st calendar quarter of 2016 by -8.33%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for GOGL is -33.53 vs. an industry ratio of 24.30.
Thermon Group Holdings, Inc. ( THR ) is reporting for the quarter ending March 31, 2017. The industrial company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.14. This value represents a 30.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for THR is 43.02 vs. an industry ratio of 24.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Hoegh LNG Partners LP ( HMLP ) is reporting for the quarter ending March 31, 2017. The shipping company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.37. This value represents a 27.59% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HMLP is 11.77 vs. an industry ratio of 24.30.
JA Solar Holdings, Co., Ltd. ( JASO ) is reporting for the quarter ending March 31, 2017. The solar company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.02. This value represents a 105.56% decrease compared to the same quarter last year. JASO missed the consensus earnings per share in the 2nd calendar quarter of 2016 by -49.15%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for JASO is 26.67 vs. an industry ratio of 14.50, 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 March 31, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 19.78 vs. an industry ratio of 20.50. The jewelry retail company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.70.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 19.78 vs. an industry ratio of 20.50. Zacks Investment Research reports that the 2018 Price to Earnings ratio for LOW is 18.08 vs. an industry ratio of 16.00, 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 March 31, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 19.78 vs. an industry ratio of 20.50. Zacks Investment Research reports that the 2018 Price to Earnings ratio for LOW is 18.08 vs. an industry ratio of 16.00, 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 March 31, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AAP is 19.78 vs. an industry ratio of 20.50. In the past year DY has beat the expectations every quarter.
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11583.0
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2017-05-22 00:00:00 UTC
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Will Advance Auto Parts (AAP) Disappoint in Q1 Earnings?
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AAP
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https://www.nasdaq.com/articles/will-advance-auto-parts-aap-disappoint-in-q1-earnings-2017-05-22
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Advance Auto Parts Inc. (AAP) is expected to report its first-quarter fiscal 2017 results before the market opens on May 24.
Last quarter, the company delivered a negative earnings surprise of 8.26%. Let's see how things are shaping up prior to the impending announcement.
Advance Auto Parts Inc Price and EPS Surprise
Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote
Factors to Consider
Advance Auto Parts is challenged by declining cash flows. During the 52-week period end on Dec 31, 2016, operating cash flow was $500.9 million, down from $689.6 million in the year-ago period. Free cash flow in the fiscal 2016 amounted to $241.3 million, also lower than $454.9 million in the prior-year period. Capital expenditures amounted to $259.6 million, higher than $234.7 million a year ago. This is not expected to improve in the first-quarter.
Price competition remains a concern for Advance Auto Parts, as it competes with national and regional automotive retailers such as AutoZone, O'Reilly Automotive, Pep Boys and CSK Auto Corporation.
The improvement in the quality of new vehicles leads to reduced need for maintenance and repair of parts. This in turn, impedes demand in the automotive maintenance market. In addition, the fact that consumers are opting for new vehicle purchases instead of maintaining old ones, can adversely affect the company products' demand.
Advance Auto Parts has underperformed the Zacks categorized Retail/Wholesale-Auto Parts industry over the last six months. The company's shares have lost 11.8% over this period, as against an 8.23% decline recorded by the industry.
Earnings Whispers
Our proven model does not conclusively show that Advance Auto Parts is likely to beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here as you will see below:
Zacks ESP: The Earnings ESP represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate. Advance Auto Parts' Earnings ESP is -1.42%. This is because the Most Accurate estimate is $2.09 whereas the Zacks Consensus Estimate stands at $2.12. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Advance Auto Parts carries a Zacks Rank #4 (Sell). We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Navistar International Corporation NAV has an Earnings ESP of a positive 12.5% and holds a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here .
Wabash National Corporation WNC has an Earnings ESP of +2.38% and a Zacks Rank #3.
Meritor Inc. MTOR has an Earnings ESP of +2.33% and a Zacks Rank #3.
Zacks' 2017 IPO Watch List
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One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already showing jaw-dropping growth. Download this IPO Watch List 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
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Navistar International Corporation (NAV): Free Stock Analysis Report
Meritor, Inc. (MTOR): Free Stock Analysis Report
Wabash National Corporation (WNC): 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) is expected to report its first-quarter fiscal 2017 results before the market opens on May 24. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Navistar International Corporation (NAV): Free Stock Analysis Report Meritor, Inc. (MTOR): Free Stock Analysis Report Wabash National Corporation (WNC): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, the fact that consumers are opting for new vehicle purchases instead of maintaining old ones, can adversely affect the company products' demand.
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Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Navistar International Corporation (NAV): Free Stock Analysis Report Meritor, Inc. (MTOR): Free Stock Analysis Report Wabash National Corporation (WNC): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. (AAP) is expected to report its first-quarter fiscal 2017 results before the market opens on May 24. Advance Auto Parts Inc Price and EPS Surprise Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote Factors to Consider Advance Auto Parts is challenged by declining cash flows.
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Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Navistar International Corporation (NAV): Free Stock Analysis Report Meritor, Inc. (MTOR): Free Stock Analysis Report Wabash National Corporation (WNC): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. (AAP) is expected to report its first-quarter fiscal 2017 results before the market opens on May 24. Advance Auto Parts Inc Price and EPS Surprise Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote Factors to Consider Advance Auto Parts is challenged by declining cash flows.
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Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Navistar International Corporation (NAV): Free Stock Analysis Report Meritor, Inc. (MTOR): Free Stock Analysis Report Wabash National Corporation (WNC): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. (AAP) is expected to report its first-quarter fiscal 2017 results before the market opens on May 24. We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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11584.0
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2017-05-22 00:00:00 UTC
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Notable Monday Option Activity: TWX, AAP, GS
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AAP
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https://www.nasdaq.com/articles/notable-monday-option-activity-twx-aap-gs-2017-05-22
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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 Time Warner Inc (Symbol: TWX), where a total of 65,368 contracts have traded so far, representing approximately 6.5 million underlying shares. That amounts to about 194.4% of TWX's average daily trading volume over the past month of 3.4 million shares. Especially high volume was seen for the $100 strike put option expiring May 26, 2017 , with 31,500 contracts trading so far today, representing approximately 3.1 million underlying shares of TWX. Below is a chart showing TWX's trailing twelve month trading history, with the $100 strike highlighted in orange:
Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 17,095 contracts, representing approximately 1.7 million underlying shares or approximately 160.6% of AAP's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $145 strike put option expiring June 16, 2017 , with 3,261 contracts trading so far today, representing approximately 326,100 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $145 strike highlighted in orange:
And Goldman Sachs Group, Inc. (Symbol: GS) saw options trading volume of 19,691 contracts, representing approximately 2.0 million underlying shares or approximately 60.8% of GS's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $220 strike call option expiring May 26, 2017 , with 1,853 contracts trading so far today, representing approximately 185,300 underlying shares of GS. Below is a chart showing GS's trailing twelve month trading history, with the $220 strike highlighted in orange:
For the various different available expirations for TWX options , AAP options , or GS 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.
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 $145 strike put option expiring June 16, 2017 , with 3,261 contracts trading so far today, representing approximately 326,100 underlying shares of AAP. Below is a chart showing TWX's trailing twelve month trading history, with the $100 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 17,095 contracts, representing approximately 1.7 million underlying shares or approximately 160.6% of AAP's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing AAP's trailing twelve month trading history, with the $145 strike highlighted in orange: And Goldman Sachs Group, Inc. (Symbol: GS) saw options trading volume of 19,691 contracts, representing approximately 2.0 million underlying shares or approximately 60.8% of GS's average daily trading volume over the past month, of 3.2 million shares.
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Below is a chart showing TWX's trailing twelve month trading history, with the $100 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 17,095 contracts, representing approximately 1.7 million underlying shares or approximately 160.6% of AAP's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing AAP's trailing twelve month trading history, with the $145 strike highlighted in orange: And Goldman Sachs Group, Inc. (Symbol: GS) saw options trading volume of 19,691 contracts, representing approximately 2.0 million underlying shares or approximately 60.8% of GS's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $145 strike put option expiring June 16, 2017 , with 3,261 contracts trading so far today, representing approximately 326,100 underlying shares of AAP.
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Below is a chart showing TWX's trailing twelve month trading history, with the $100 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 17,095 contracts, representing approximately 1.7 million underlying shares or approximately 160.6% of AAP's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing AAP's trailing twelve month trading history, with the $145 strike highlighted in orange: And Goldman Sachs Group, Inc. (Symbol: GS) saw options trading volume of 19,691 contracts, representing approximately 2.0 million underlying shares or approximately 60.8% of GS's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $145 strike put option expiring June 16, 2017 , with 3,261 contracts trading so far today, representing approximately 326,100 underlying shares of AAP.
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Below is a chart showing TWX's trailing twelve month trading history, with the $100 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 17,095 contracts, representing approximately 1.7 million underlying shares or approximately 160.6% of AAP's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing AAP's trailing twelve month trading history, with the $145 strike highlighted in orange: And Goldman Sachs Group, Inc. (Symbol: GS) saw options trading volume of 19,691 contracts, representing approximately 2.0 million underlying shares or approximately 60.8% of GS's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $145 strike put option expiring June 16, 2017 , with 3,261 contracts trading so far today, representing approximately 326,100 underlying shares of AAP.
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11585.0
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2017-05-22 00:00:00 UTC
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S&P 500 Movers: AAP, MCK
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AAP
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https://www.nasdaq.com/articles/sp-500-movers-aap-mck-2017-05-22
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nan
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nan
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In early trading on Monday, shares of McKesson ( MCK ) topped the list of the day's best performing components of the S&P 500 index, trading up 2.9%. Year to date, McKesson registers a 12.1% gain.
And the worst performing S&P 500 component thus far on the day is Advance Auto Parts ( AAP ), trading down 1.9%. Advance Auto Parts is lower by about 12.1% looking at the year to date performance.
Two other components making moves today are Centene Corp ( CNC ), trading down 1.5%, and Wynn Resorts ( WYNN ), trading up 2.7% on the day.
VIDEO: S&P 500 Movers: AAP, MCK
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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And the worst performing S&P 500 component thus far on the day is Advance Auto Parts ( AAP ), trading down 1.9%. VIDEO: S&P 500 Movers: AAP, MCK 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 is lower by about 12.1% looking at the year to date performance.
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And the worst performing S&P 500 component thus far on the day is Advance Auto Parts ( AAP ), trading down 1.9%. VIDEO: S&P 500 Movers: AAP, MCK 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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And the worst performing S&P 500 component thus far on the day is Advance Auto Parts ( AAP ), trading down 1.9%. VIDEO: S&P 500 Movers: AAP, MCK 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 Monday, shares of McKesson ( MCK ) topped the list of the day's best performing components of the S&P 500 index, trading up 2.9%.
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And the worst performing S&P 500 component thus far on the day is Advance Auto Parts ( AAP ), trading down 1.9%. VIDEO: S&P 500 Movers: AAP, MCK 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 is lower by about 12.1% looking at the year to date performance.
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11586.0
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2017-05-19 00:00:00 UTC
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Steven Cohen Buys Facebook Inc, Continental Resources Inc, McDonald's Corp, Sells Bunge, Yahoo! ...
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AAP
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https://www.nasdaq.com/articles/steven-cohen-buys-facebook-inc-continental-resources-inc-mcdonalds-corp-sells-bunge-0
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nan
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nan
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Steven Cohen
New Purchases: BABA , MYL , SPGI , PK, GRUB, BDX, THO, AMC, EQT, IP,
Added Positions:FB, CLR, MCD, WPX, TWX, SBGI, TSO, ZBH, FOXA, MA,
Reduced Positions:BG, YHOO, VZ, AVGO, NVDA, APC, ATHN, MHK, MU, WMB,
Sold Out:ULTA, CNQ, AMAT, RDS.A, LUV, TSCO, DHR, AYI, SLB, DHI,
For the details of Steven Cohen's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Steven+Cohen
These are the top 5 holdings of Steven Cohen
SPDR S&P 500 ( SPY ) - 2,133,400 shares, 2.8% of the total portfolio.
Tesoro Corp ( TSO ) - 4,595,348 shares, 2.08% of the total portfolio. Shares added by 34.52%
Facebook Inc ( FB ) - 2,100,700 shares, 1.66% of the total portfolio. Shares added by 2549.05%
Advance Auto Parts Inc ( AAP ) - 1,538,878 shares, 1.27% of the total portfolio. Shares added by 51.20%
Continental Resources Inc ( CLR ) - 5,009,443 shares, 1.27% of the total portfolio. Shares added by 1009.73%
New Purchase: Alibaba Group Holding Ltd (BABA)
Steven Cohen initiated holdings in Alibaba Group Holding Ltd. The purchase prices were between $88.6 and $109.51, with an estimated average price of $101.77. The stock is now traded at around $123.22. The impact to the portfolio due to this purchase was 0.88%. The holdings were 1,456,480 shares as of 2017-03-31.
New Purchase: Mylan NV (MYL)
Steven Cohen initiated holdings in Mylan NV. The purchase prices were between $35.81 and $45.28, with an estimated average price of $40.31. The stock is now traded at around $37.94. The impact to the portfolio due to this purchase was 0.78%. The holdings were 3,602,271 shares as of 2017-03-31.
New Purchase: S&P Global Inc (SPGI)
Steven Cohen initiated holdings in S&P Global Inc. The purchase prices were between $108.39 and $132.59, with an estimated average price of $124.32. The stock is now traded at around $138.14. The impact to the portfolio due to this purchase was 0.76%. The holdings were 1,040,434 shares as of 2017-03-31.
New Purchase: Park Hotels & Resorts Inc (PK)
Steven Cohen initiated holdings in Park Hotels & Resorts Inc. The purchase prices were between $25.54 and $30.5, with an estimated average price of $26.97. The stock is now traded at around $25.36. The impact to the portfolio due to this purchase was 0.66%. The holdings were 4,617,726 shares as of 2017-03-31.
New Purchase: GrubHub Inc (GRUB)
Steven Cohen initiated holdings in GrubHub Inc. The purchase prices were between $32.89 and $41.97, with an estimated average price of $36.92. The stock is now traded at around $43.37. The impact to the portfolio due to this purchase was 0.63%. The holdings were 3,413,055 shares as of 2017-03-31.
New Purchase: Becton, Dickinson and Co (BDX)
Steven Cohen initiated holdings in Becton, Dickinson and Co. The purchase prices were between $164.8 and $185.34, with an estimated average price of $178.67. The stock is now traded at around $184.13. The impact to the portfolio due to this purchase was 0.57%. The holdings were 556,000 shares as of 2017-03-31.
Added: Facebook Inc ( FB )
Steven Cohen added to the holdings in Facebook Inc by 2549.05%. The purchase prices were between $116.86 and $142.65, with an estimated average price of $133.64. The stock is now traded at around $148.06. The impact to the portfolio due to this purchase was 1.6%. The holdings were 2,100,700 shares as of 2017-03-31.
Added: Continental Resources Inc ( CLR )
Steven Cohen added to the holdings in Continental Resources Inc by 1009.73%. The purchase prices were between $42.15 and $52.95, with an estimated average price of $47.1. The stock is now traded at around $42.63. The impact to the portfolio due to this purchase was 1.16%. The holdings were 5,009,443 shares as of 2017-03-31.
Added: McDonald's Corp (MCD)
Steven Cohen added to the holdings in McDonald's Corp by 444.54%. The purchase prices were between $119.48 and $129.61, with an estimated average price of $125.48. The stock is now traded at around $148.15. The impact to the portfolio due to this purchase was 0.96%. The holdings were 1,634,701 shares as of 2017-03-31.
Added: WPX Energy Inc (WPX)
Steven Cohen added to the holdings in WPX Energy Inc by 206.02%. The purchase prices were between $11.89 and $15.26, with an estimated average price of $13.35. The stock is now traded at around $12.65. The impact to the portfolio due to this purchase was 0.85%. The holdings were 17,071,164 shares as of 2017-03-31.
Added: Time Warner Inc (TWX)
Steven Cohen added to the holdings in Time Warner Inc by 844.18%. The purchase prices were between $93.4 and $98.96, with an estimated average price of $96.78. The stock is now traded at around $97.63. The impact to the portfolio due to this purchase was 0.7%. The holdings were 1,439,879 shares as of 2017-03-31.
Added: Sinclair Broadcast Group Inc (SBGI)
Steven Cohen added to the holdings in Sinclair Broadcast Group Inc by 1377.95%. The purchase prices were between $30.8 and $42.9, with an estimated average price of $36.84. The stock is now traded at around $33.10. The impact to the portfolio due to this purchase was 0.54%. The holdings were 2,576,060 shares as of 2017-03-31.
Sold Out: Ulta Beauty Inc (ULTA)
Steven Cohen sold out the holdings in Ulta Beauty Inc. The sale prices were between $256.68 and $288.81, with an estimated average price of $273.75.
Sold Out: Canadian Natural Resources Ltd (CNQ)
Steven Cohen sold out the holdings in Canadian Natural Resources Ltd. The sale prices were between $28.71 and $32.89, with an estimated average price of $30.9.
Sold Out: Applied Materials Inc (AMAT)
Steven Cohen sold out the holdings in Applied Materials Inc. The sale prices were between $31.94 and $39.57, with an estimated average price of $35.91.
Sold Out: Royal Dutch Shell PLC (RDS.A)
Steven Cohen sold out the holdings in Royal Dutch Shell PLC. The sale prices were between $50.95 and $56.27, with an estimated average price of $53.51.
Sold Out: Southwest Airlines Co (LUV)
Steven Cohen sold out the holdings in Southwest Airlines Co. The sale prices were between $49.46 and $58.88, with an estimated average price of $53.78.
Sold Out: Tractor Supply Co (TSCO)
Steven Cohen sold out the holdings in Tractor Supply Co. The sale prices were between $67.97 and $77.36, with an estimated average price of $72.8.
Reduced: Bunge Ltd (BG)
Steven Cohen reduced to the holdings in Bunge Ltd by 97.57%. The sale prices were between $67.81 and $82.07, with an estimated average price of $74.93. The stock is now traded at around $69.68. The impact to the portfolio due to this sale was -1.5%. Steven Cohen still held 74,100 shares as of 2017-03-31.
Reduced: Yahoo! Inc (YHOO)
Steven Cohen reduced to the holdings in Yahoo! Inc by 91.96%. The sale prices were between $38.9 and $46.78, with an estimated average price of $44.65. The stock is now traded at around $50.18. The impact to the portfolio due to this sale was -1.32%. Steven Cohen still held 425,000 shares as of 2017-03-31.
Reduced: Verizon Communications Inc (VZ)
Steven Cohen reduced to the holdings in Verizon Communications Inc by 97.01%. The sale prices were between $48.03 and $54.64, with an estimated average price of $50.17. The stock is now traded at around $45.42. The impact to the portfolio due to this sale was -1.03%. Steven Cohen still held 85,000 shares as of 2017-03-31.
Reduced: Broadcom Ltd (AVGO)
Steven Cohen reduced to the holdings in Broadcom Ltd by 77.34%. The sale prices were between $174.28 and $226.45, with an estimated average price of $205.92. The stock is now traded at around $234.10. The impact to the portfolio due to this sale was -0.9%. Steven Cohen still held 215,159 shares as of 2017-03-31.
Reduced: NVIDIA Corp (NVDA)
Steven Cohen reduced to the holdings in NVIDIA Corp by 84.4%. The sale prices were between $97.67 and $119.13, with an estimated average price of $106.43. The stock is now traded at around $136.00. The impact to the portfolio due to this sale was -0.69%. Steven Cohen still held 171,300 shares as of 2017-03-31.
Reduced: Anadarko Petroleum Corp (APC)
Steven Cohen reduced to the holdings in Anadarko Petroleum Corp by 78.15%. The sale prices were between $59.94 and $71.74, with an estimated average price of $66.54. The stock is now traded at around $53.30. The impact to the portfolio due to this sale was -0.64%. Steven Cohen still held 369,033 shares as of 2017-03-31.
Warning! GuruFocus has detected 2 Warning Sign with FB. Click here to check it out.
FB 15-Year Financial Data
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This article first appeared on GuruFocus .
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 added by 2549.05% Advance Auto Parts Inc ( AAP ) - 1,538,878 shares, 1.27% of the total portfolio. Steven Cohen New Purchases: BABA , MYL , SPGI , PK, GRUB, BDX, THO, AMC, EQT, IP, Added Positions:FB, CLR, MCD, WPX, TWX, SBGI, TSO, ZBH, FOXA, MA, Reduced Positions:BG, YHOO, VZ, AVGO, NVDA, APC, ATHN, MHK, MU, WMB, Sold Out:ULTA, CNQ, AMAT, RDS.A, LUV, TSCO, DHR, AYI, SLB, DHI, For the details of Steven Cohen's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Steven+Cohen These are the top 5 holdings of Steven Cohen SPDR S&P 500 ( SPY ) - 2,133,400 shares, 2.8% of the total portfolio. Sold Out: Royal Dutch Shell PLC (RDS.A) Steven Cohen sold out the holdings in Royal Dutch Shell PLC.
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Shares added by 2549.05% Advance Auto Parts Inc ( AAP ) - 1,538,878 shares, 1.27% of the total portfolio. Steven Cohen New Purchases: BABA , MYL , SPGI , PK, GRUB, BDX, THO, AMC, EQT, IP, Added Positions:FB, CLR, MCD, WPX, TWX, SBGI, TSO, ZBH, FOXA, MA, Reduced Positions:BG, YHOO, VZ, AVGO, NVDA, APC, ATHN, MHK, MU, WMB, Sold Out:ULTA, CNQ, AMAT, RDS.A, LUV, TSCO, DHR, AYI, SLB, DHI, For the details of Steven Cohen's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Steven+Cohen These are the top 5 holdings of Steven Cohen SPDR S&P 500 ( SPY ) - 2,133,400 shares, 2.8% of the total portfolio. Shares added by 1009.73% New Purchase: Alibaba Group Holding Ltd (BABA) Steven Cohen initiated holdings in Alibaba Group Holding Ltd.
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Shares added by 2549.05% Advance Auto Parts Inc ( AAP ) - 1,538,878 shares, 1.27% of the total portfolio. Steven Cohen New Purchases: BABA , MYL , SPGI , PK, GRUB, BDX, THO, AMC, EQT, IP, Added Positions:FB, CLR, MCD, WPX, TWX, SBGI, TSO, ZBH, FOXA, MA, Reduced Positions:BG, YHOO, VZ, AVGO, NVDA, APC, ATHN, MHK, MU, WMB, Sold Out:ULTA, CNQ, AMAT, RDS.A, LUV, TSCO, DHR, AYI, SLB, DHI, For the details of Steven Cohen's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Steven+Cohen These are the top 5 holdings of Steven Cohen SPDR S&P 500 ( SPY ) - 2,133,400 shares, 2.8% of the total portfolio. Shares added by 1009.73% New Purchase: Alibaba Group Holding Ltd (BABA) Steven Cohen initiated holdings in Alibaba Group Holding Ltd.
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Shares added by 2549.05% Advance Auto Parts Inc ( AAP ) - 1,538,878 shares, 1.27% of the total portfolio. Steven Cohen New Purchases: BABA , MYL , SPGI , PK, GRUB, BDX, THO, AMC, EQT, IP, Added Positions:FB, CLR, MCD, WPX, TWX, SBGI, TSO, ZBH, FOXA, MA, Reduced Positions:BG, YHOO, VZ, AVGO, NVDA, APC, ATHN, MHK, MU, WMB, Sold Out:ULTA, CNQ, AMAT, RDS.A, LUV, TSCO, DHR, AYI, SLB, DHI, For the details of Steven Cohen's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Steven+Cohen These are the top 5 holdings of Steven Cohen SPDR S&P 500 ( SPY ) - 2,133,400 shares, 2.8% of the total portfolio. Shares added by 34.52% Facebook Inc ( FB ) - 2,100,700 shares, 1.66% of the total portfolio.
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11587.0
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2017-05-02 00:00:00 UTC
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Eos Focused Equity Management, L.P. Buys Murphy USA Inc, LiLAC Group, Sealed Air Corp, Sells ...
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AAP
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https://www.nasdaq.com/articles/eos-focused-equity-management-lp-buys-murphy-usa-inc-lilac-group-sealed-air-corp-sells
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nan
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nan
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Eos Focused Equity Management, L.P.
New Purchases: MUSA , LILAK , PK , BCO, BIVV, KLXI, HLT, MTW, CKH,
Added Positions:SEE, VVV,
Reduced Positions:NUVA, CHTR, APD, BAX, CAG, PJT, LMNX, DHR, NWL, POST,
Sold Out:UNVR, CCP, ASIX, GE, EPC, AWI, WAIR, CELG, LW, ERJ,
For the details of Eos Focused Equity Management, L.P.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Eos+Focused+Equity+Management%2C+L.P.
These are the top 5 holdings of Eos Focused Equity Management, L.P.
Newell Brands Inc ( NWL ) - 139,682 shares, 6.98% of the total portfolio. Shares reduced by 18.95%
NuVasive Inc ( NUVA ) - 83,595 shares, 6.62% of the total portfolio. Shares reduced by 34.92%
Valvoline Inc ( VVV ) - 228,218 shares, 5.94% of the total portfolio. Shares added by 12.05%
Advance Auto Parts Inc ( AAP ) - 35,989 shares, 5.66% of the total portfolio. Shares reduced by 2.97%
Post Holdings Inc ( POST ) - 59,199 shares, 5.49% of the total portfolio. Shares reduced by 22.93%
New Purchase: Murphy USA Inc (MUSA)
Eos Focused Equity Management, L.P. initiated holdings in Murphy USA Inc. The purchase prices were between $61.03 and $73.42, with an estimated average price of $65.94. The stock is now traded at around $66.57. The impact to the portfolio due to this purchase was 4.36%. The holdings were 56,033 shares as of 2017-03-31.
New Purchase: LiLAC Group (LILAK)
Eos Focused Equity Management, L.P. initiated holdings in LiLAC Group. The purchase prices were between $21.33 and $27.2, with an estimated average price of $23. The stock is now traded at around $22.05. The impact to the portfolio due to this purchase was 3.68%. The holdings were 150,575 shares as of 2017-03-31.
New Purchase: Park Hotels & Resorts Inc (PK)
Eos Focused Equity Management, L.P. initiated holdings in Park Hotels & Resorts Inc. The purchase prices were between $25.54 and $30.5, with an estimated average price of $26.97. The stock is now traded at around $25.87. The impact to the portfolio due to this purchase was 2.88%. The holdings were 105,915 shares as of 2017-03-31.
New Purchase: The Brink's Co (BCO)
Eos Focused Equity Management, L.P. initiated holdings in The Brink's Co. The purchase prices were between $41.3 and $54.35, with an estimated average price of $48.68. The stock is now traded at around $60.55. The impact to the portfolio due to this purchase was 2.43%. The holdings were 42,927 shares as of 2017-03-31.
New Purchase: Bioverativ Inc (BIVV)
Eos Focused Equity Management, L.P. initiated holdings in Bioverativ Inc. The purchase prices were between $41.82 and $54.46, with an estimated average price of $47.97. The stock is now traded at around $59.30. The impact to the portfolio due to this purchase was 2.03%. The holdings were 35,242 shares as of 2017-03-31.
New Purchase: KLX Inc (KLXI)
Eos Focused Equity Management, L.P. initiated holdings in KLX Inc. The purchase prices were between $43.38 and $52.19, with an estimated average price of $47.87. The stock is now traded at around $47.29. The impact to the portfolio due to this purchase was 1.94%. The holdings were 40,846 shares as of 2017-03-31.
Added: Sealed Air Corp (SEE)
Eos Focused Equity Management, L.P. added to the holdings in Sealed Air Corp by 284.21%. The purchase prices were between $43.3 and $50.22, with an estimated average price of $47.01. The stock is now traded at around $44.16. The impact to the portfolio due to this purchase was 2.91%. The holdings were 85,398 shares as of 2017-03-31.
Sold Out: Univar Inc (UNVR)
Eos Focused Equity Management, L.P. sold out the holdings in Univar Inc. The sale prices were between $27.36 and $32.81, with an estimated average price of $30.03.
Sold Out: Care Capital Properties Inc (CCP)
Eos Focused Equity Management, L.P. sold out the holdings in Care Capital Properties Inc. The sale prices were between $24.13 and $26.87, with an estimated average price of $25.2.
Sold Out: AdvanSix Inc (ASIX)
Eos Focused Equity Management, L.P. sold out the holdings in AdvanSix Inc. The sale prices were between $21.4 and $29.62, with an estimated average price of $25.9.
Sold Out: General Electric Co (GE)
Eos Focused Equity Management, L.P. sold out the holdings in General Electric Co. The sale prices were between $29.39 and $31.7, with an estimated average price of $30.2.
Sold Out: Edgewell Personal Care Co (EPC)
Eos Focused Equity Management, L.P. sold out the holdings in Edgewell Personal Care Co. The sale prices were between $73.14 and $81.71, with an estimated average price of $76.13.
Sold Out: Armstrong World Industries Inc (AWI)
Eos Focused Equity Management, L.P. sold out the holdings in Armstrong World Industries Inc. The sale prices were between $38.8 and $47.65, with an estimated average price of $42.34.
Reduced: NuVasive Inc ( NUVA )
Eos Focused Equity Management, L.P. reduced to the holdings in NuVasive Inc by 34.92%. The sale prices were between $66.16 and $75.83, with an estimated average price of $72.56. The stock is now traded at around $73.05. The impact to the portfolio due to this sale was -2.71%. Eos Focused Equity Management, L.P. still held 83,595 shares as of 2017-03-31.
Reduced: Charter Communications Inc (CHTR)
Eos Focused Equity Management, L.P. reduced to the holdings in Charter Communications Inc by 39.15%. The sale prices were between $285.77 and $333.15, with an estimated average price of $318.52. The stock is now traded at around $336.94. The impact to the portfolio due to this sale was -2.58%. Eos Focused Equity Management, L.P. still held 15,509 shares as of 2017-03-31.
Reduced: Air Products & Chemicals Inc (APD)
Eos Focused Equity Management, L.P. reduced to the holdings in Air Products & Chemicals Inc by 51.51%. The sale prices were between $134.94 and $148.81, with an estimated average price of $140.96. The stock is now traded at around $142.73. The impact to the portfolio due to this sale was -1.88%. Eos Focused Equity Management, L.P. still held 13,715 shares as of 2017-03-31.
Reduced: Baxter International Inc (BAX)
Eos Focused Equity Management, L.P. reduced to the holdings in Baxter International Inc by 50.27%. The sale prices were between $44.44 and $52.3, with an estimated average price of $49.18. The stock is now traded at around $55.59. The impact to the portfolio due to this sale was -1.67%. Eos Focused Equity Management, L.P. still held 41,470 shares as of 2017-03-31.
Reduced: Conagra Brands Inc (CAG)
Eos Focused Equity Management, L.P. reduced to the holdings in Conagra Brands Inc by 42.39%. The sale prices were between $38.29 and $41.5, with an estimated average price of $39.91. The stock is now traded at around $38.24. The impact to the portfolio due to this sale was -1.49%. Eos Focused Equity Management, L.P. still held 57,018 shares as of 2017-03-31.
Reduced: PJT Partners Inc (PJT)
Eos Focused Equity Management, L.P. reduced to the holdings in PJT Partners Inc by 34.84%. The sale prices were between $30.39 and $38.51, with an estimated average price of $34.63. The stock is now traded at around $35.90. The impact to the portfolio due to this sale was -1.47%. Eos Focused Equity Management, L.P. still held 99,455 shares as of 2017-03-31.
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This article first appeared on GuruFocus .
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 added by 12.05% Advance Auto Parts Inc ( AAP ) - 35,989 shares, 5.66% of the total portfolio. Eos Focused Equity Management, L.P. New Purchases: MUSA , LILAK , PK , BCO, BIVV, KLXI, HLT, MTW, CKH, Added Positions:SEE, VVV, Reduced Positions:NUVA, CHTR, APD, BAX, CAG, PJT, LMNX, DHR, NWL, POST, Sold Out:UNVR, CCP, ASIX, GE, EPC, AWI, WAIR, CELG, LW, ERJ, For the details of Eos Focused Equity Management, L.P.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Eos+Focused+Equity+Management%2C+L.P. These are the top 5 holdings of Eos Focused Equity Management, L.P. Newell Brands Inc ( NWL ) - 139,682 shares, 6.98% of the total portfolio.
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Shares added by 12.05% Advance Auto Parts Inc ( AAP ) - 35,989 shares, 5.66% of the total portfolio. Eos Focused Equity Management, L.P. New Purchases: MUSA , LILAK , PK , BCO, BIVV, KLXI, HLT, MTW, CKH, Added Positions:SEE, VVV, Reduced Positions:NUVA, CHTR, APD, BAX, CAG, PJT, LMNX, DHR, NWL, POST, Sold Out:UNVR, CCP, ASIX, GE, EPC, AWI, WAIR, CELG, LW, ERJ, For the details of Eos Focused Equity Management, L.P.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Eos+Focused+Equity+Management%2C+L.P. New Purchase: LiLAC Group (LILAK) Eos Focused Equity Management, L.P. initiated holdings in LiLAC Group.
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Shares added by 12.05% Advance Auto Parts Inc ( AAP ) - 35,989 shares, 5.66% of the total portfolio. Eos Focused Equity Management, L.P. New Purchases: MUSA , LILAK , PK , BCO, BIVV, KLXI, HLT, MTW, CKH, Added Positions:SEE, VVV, Reduced Positions:NUVA, CHTR, APD, BAX, CAG, PJT, LMNX, DHR, NWL, POST, Sold Out:UNVR, CCP, ASIX, GE, EPC, AWI, WAIR, CELG, LW, ERJ, For the details of Eos Focused Equity Management, L.P.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Eos+Focused+Equity+Management%2C+L.P. These are the top 5 holdings of Eos Focused Equity Management, L.P. Newell Brands Inc ( NWL ) - 139,682 shares, 6.98% of the total portfolio.
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Shares added by 12.05% Advance Auto Parts Inc ( AAP ) - 35,989 shares, 5.66% of the total portfolio. Eos Focused Equity Management, L.P. still held 83,595 shares as of 2017-03-31. Eos Focused Equity Management, L.P. still held 15,509 shares as of 2017-03-31.
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11588.0
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2017-04-19 00:00:00 UTC
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Instant Analysis: Genuine Parts Company Gives a Small Boost to Auto Parts Stocks
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AAP
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https://www.nasdaq.com/articles/instant-analysis-genuine-parts-company-gives-small-boost-auto-parts-stocks-2017-04-19
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nan
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nan
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What happened
Genuine Parts Company (NYSE: GPC) , owner of NAPA Auto Parts, became the first of the major auto parts companies to report earnings and sales for its first-quarter period ending on March 21.
The key issue to focus on is automotive group comparable sales, which can be seen in the chart below. I've also included the most directly applicable sales numbers for its peers, O'Reilly Automotive Inc (NASDAQ: ORLY) , AutoZone, Inc (NYSE: AZO) and Advance Auto Parts, Inc. (NYSE: AAP) . The disappointing sales performance of Advance Auto Parts is largely due to the effects of integrating a troublesome acquisition.
Data source: Company presentations. Chart by author. AutoZone figures are adjusted to the nearest comparable quarter.
As you can see, a 0.5% comparable-sales increase in the first quarter came up against a strong 3.5% increase in the first quarter of 2016 and indicates ongoing growth in the industry.
Does it matter?
Yes, it does -- and it's moderately positive news for the other auto parts companies. Why?
The main reason is that investors had reasons to doubt auto parts sales in the quarter. Advance Auto Parts and O'Reilly Automotive both reported strong sales conditions in December due to the cold weather -- car parts sales tend to increase in harsh weather conditions -- their quarters ended on Dec. 31. However, AutoZone -- the last major auto parts retailer to report -- delivered flat comparable-sales growth in its most recent quarter to mid-February.
Furthermore, AutoZone CEO Wiilliam Rhodes said on the earnings call, "Clearly, this year we experienced more winter conditions early in the quarter than we did last year, but we expected the winter conditions to be more pronounced and last longer. We are exiting this winter with two consecutive fairly mild winters."
What next?
All told, automotive sales figures from Genuine Parts Company are a net positive and should allay fears that auto parts sales at its peers will turn negative in the quarter -- that's good news for the auto parts industry.
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Lee Samaha owns shares of Advance Auto Parts. The Motley Fool owns shares of O'Reilly Automotive. The Motley Fool recommends AutoZone. 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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I've also included the most directly applicable sales numbers for its peers, O'Reilly Automotive Inc (NASDAQ: ORLY) , AutoZone, Inc (NYSE: AZO) and Advance Auto Parts, Inc. (NYSE: AAP) . The disappointing sales performance of Advance Auto Parts is largely due to the effects of integrating a troublesome acquisition. However, AutoZone -- the last major auto parts retailer to report -- delivered flat comparable-sales growth in its most recent quarter to mid-February.
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I've also included the most directly applicable sales numbers for its peers, O'Reilly Automotive Inc (NASDAQ: ORLY) , AutoZone, Inc (NYSE: AZO) and Advance Auto Parts, Inc. (NYSE: AAP) . What happened Genuine Parts Company (NYSE: GPC) , owner of NAPA Auto Parts, became the first of the major auto parts companies to report earnings and sales for its first-quarter period ending on March 21. Advance Auto Parts and O'Reilly Automotive both reported strong sales conditions in December due to the cold weather -- car parts sales tend to increase in harsh weather conditions -- their quarters ended on Dec. 31.
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I've also included the most directly applicable sales numbers for its peers, O'Reilly Automotive Inc (NASDAQ: ORLY) , AutoZone, Inc (NYSE: AZO) and Advance Auto Parts, Inc. (NYSE: AAP) . What happened Genuine Parts Company (NYSE: GPC) , owner of NAPA Auto Parts, became the first of the major auto parts companies to report earnings and sales for its first-quarter period ending on March 21. Advance Auto Parts and O'Reilly Automotive both reported strong sales conditions in December due to the cold weather -- car parts sales tend to increase in harsh weather conditions -- their quarters ended on Dec. 31.
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I've also included the most directly applicable sales numbers for its peers, O'Reilly Automotive Inc (NASDAQ: ORLY) , AutoZone, Inc (NYSE: AZO) and Advance Auto Parts, Inc. (NYSE: AAP) . What happened Genuine Parts Company (NYSE: GPC) , owner of NAPA Auto Parts, became the first of the major auto parts companies to report earnings and sales for its first-quarter period ending on March 21. Advance Auto Parts and O'Reilly Automotive both reported strong sales conditions in December due to the cold weather -- car parts sales tend to increase in harsh weather conditions -- their quarters ended on Dec. 31.
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11589.0
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2017-04-17 00:00:00 UTC
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Sum Up The Parts: VOT Could Be Worth $122
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AAP
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https://www.nasdaq.com/articles/sum-parts-vot-could-be-worth-122-2017-04-17
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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 Vanguard Mid-Cap Growth ETF (Symbol: VOT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $122.21 per unit.
With VOT trading at a recent price near $111.45 per unit, that means that analysts see 9.65% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VOT's underlying holdings with notable upside to their analyst target prices are Palo Alto Networks, Inc (Symbol: PANW), Brixmor Property Group Inc (Symbol: BRX), and Advance Auto Parts Inc (Symbol: AAP). Although PANW has traded at a recent price of $112.21/share, the average analyst target is 40.08% higher at $157.19/share. Similarly, BRX has 24.01% upside from the recent share price of $21.37 if the average analyst target price of $26.50/share is reached, and analysts on average are expecting AAP to reach a target price of $174.50/share, which is 23.86% above the recent price of $140.89. Below is a twelve month price history chart comparing the stock performance of PANW, BRX, and AAP:
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 PANW, BRX, and AAP: 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 VOT's underlying holdings with notable upside to their analyst target prices are Palo Alto Networks, Inc (Symbol: PANW), Brixmor Property Group Inc (Symbol: BRX), and Advance Auto Parts Inc (Symbol: AAP). Similarly, BRX has 24.01% upside from the recent share price of $21.37 if the average analyst target price of $26.50/share is reached, and analysts on average are expecting AAP to reach a target price of $174.50/share, which is 23.86% above the recent price of $140.89.
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Similarly, BRX has 24.01% upside from the recent share price of $21.37 if the average analyst target price of $26.50/share is reached, and analysts on average are expecting AAP to reach a target price of $174.50/share, which is 23.86% above the recent price of $140.89. Three of VOT's underlying holdings with notable upside to their analyst target prices are Palo Alto Networks, Inc (Symbol: PANW), Brixmor Property Group Inc (Symbol: BRX), and Advance Auto Parts Inc (Symbol: AAP). Below is a twelve month price history chart comparing the stock performance of PANW, BRX, and AAP: 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, BRX has 24.01% upside from the recent share price of $21.37 if the average analyst target price of $26.50/share is reached, and analysts on average are expecting AAP to reach a target price of $174.50/share, which is 23.86% above the recent price of $140.89. Below is a twelve month price history chart comparing the stock performance of PANW, BRX, and AAP: 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 VOT's underlying holdings with notable upside to their analyst target prices are Palo Alto Networks, Inc (Symbol: PANW), Brixmor Property Group Inc (Symbol: BRX), and Advance Auto Parts Inc (Symbol: AAP).
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Below is a twelve month price history chart comparing the stock performance of PANW, BRX, and AAP: 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 VOT's underlying holdings with notable upside to their analyst target prices are Palo Alto Networks, Inc (Symbol: PANW), Brixmor Property Group Inc (Symbol: BRX), and Advance Auto Parts Inc (Symbol: AAP). Similarly, BRX has 24.01% upside from the recent share price of $21.37 if the average analyst target price of $26.50/share is reached, and analysts on average are expecting AAP to reach a target price of $174.50/share, which is 23.86% above the recent price of $140.89.
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11590.0
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2017-04-17 00:00:00 UTC
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Notable Monday Option Activity: AAPL, AAP, ISRG
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AAP
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https://www.nasdaq.com/articles/notable-monday-option-activity-aapl-aap-isrg-2017-04-17
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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 Apple Inc (Symbol: AAPL), where a total volume of 157,294 contracts has been traded thus far today, a contract volume which is representative of approximately 15.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.8% of AAPL's average daily trading volume over the past month, of 24.7 million shares. Especially high volume was seen for the $142 strike call option expiring April 21, 2017 , with 11,409 contracts trading so far today, representing approximately 1.1 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $142 strike highlighted in orange:
Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 5,474 contracts thus far today. That number of contracts represents approximately 547,400 underlying shares, working out to a sizeable 62.2% of AAP's average daily trading volume over the past month, of 879,925 shares. Especially high volume was seen for the $140 strike put option expiring April 21, 2017 , with 3,512 contracts trading so far today, representing approximately 351,200 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $140 strike highlighted in orange:
And Intuitive Surgical Inc (Symbol: ISRG) saw options trading volume of 1,852 contracts, representing approximately 185,200 underlying shares or approximately 61.1% of ISRG's average daily trading volume over the past month, of 302,925 shares. Particularly high volume was seen for the $725 strike put option expiring April 21, 2017 , with 462 contracts trading so far today, representing approximately 46,200 underlying shares of ISRG. Below is a chart showing ISRG's trailing twelve month trading history, with the $725 strike highlighted in orange:
For the various different available expirations for AAPL options , AAP options , or ISRG 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.
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 $142 strike call option expiring April 21, 2017 , with 11,409 contracts trading so far today, representing approximately 1.1 million underlying shares of AAPL. Especially high volume was seen for the $140 strike put option expiring April 21, 2017 , with 3,512 contracts trading so far today, representing approximately 351,200 underlying shares of AAP. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Apple Inc (Symbol: AAPL), where a total volume of 157,294 contracts has been traded thus far today, a contract volume which is representative of approximately 15.7 million underlying shares (given that every 1 contract represents 100 underlying shares).
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Especially high volume was seen for the $142 strike call option expiring April 21, 2017 , with 11,409 contracts trading so far today, representing approximately 1.1 million underlying shares of AAPL. Especially high volume was seen for the $140 strike put option expiring April 21, 2017 , with 3,512 contracts trading so far today, representing approximately 351,200 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $140 strike highlighted in orange: And Intuitive Surgical Inc (Symbol: ISRG) saw options trading volume of 1,852 contracts, representing approximately 185,200 underlying shares or approximately 61.1% of ISRG's average daily trading volume over the past month, of 302,925 shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Apple Inc (Symbol: AAPL), where a total volume of 157,294 contracts has been traded thus far today, a contract volume which is representative of approximately 15.7 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $142 strike call option expiring April 21, 2017 , with 11,409 contracts trading so far today, representing approximately 1.1 million underlying shares of AAPL. Below is a chart showing AAP's trailing twelve month trading history, with the $140 strike highlighted in orange: And Intuitive Surgical Inc (Symbol: ISRG) saw options trading volume of 1,852 contracts, representing approximately 185,200 underlying shares or approximately 61.1% of ISRG's average daily trading volume over the past month, of 302,925 shares.
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Especially high volume was seen for the $142 strike call option expiring April 21, 2017 , with 11,409 contracts trading so far today, representing approximately 1.1 million underlying shares of AAPL. Below is a chart showing AAP's trailing twelve month trading history, with the $140 strike highlighted in orange: And Intuitive Surgical Inc (Symbol: ISRG) saw options trading volume of 1,852 contracts, representing approximately 185,200 underlying shares or approximately 61.1% of ISRG's average daily trading volume over the past month, of 302,925 shares. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Apple Inc (Symbol: AAPL), where a total volume of 157,294 contracts has been traded thus far today, a contract volume which is representative of approximately 15.7 million underlying shares (given that every 1 contract represents 100 underlying shares).
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11591.0
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2017-04-04 00:00:00 UTC
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Why Did Some Auto Parts Stocks Start the Quarter in the Red?
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AAP
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https://www.nasdaq.com/articles/why-did-some-auto-parts-stocks-start-the-quarter-in-the-red-2017-04-04
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nan
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nan
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Some major auto part manufacturers started the journey into the second quarter of 2017 in red. O'Reilly Automotive, Inc. ORLY and AutoZone, Inc. AZO were downgraded by Cleveland Research and saw their share prices declining 4.1% and 3.1%, respectively, on Apr 4. Meanwhile, Advance Auto Parts Inc AAP , CarMax Inc KMX and Genuine Parts Company GPC also witnessed declines of 1.9%, 4.3% and 2.2%, respectively.
These companies face a number of concerns that may impact their financial results.
Weak Vehicle Sales
A number of auto manufacturers reported U.S. sales, which came in weak. The U.S. light-vehicle sales fell 1.7% year over year in March with decline in sales at Ford, Honda, Toyota among others more than offsetting the increase at Nissan and General Motors.
On a SAAR basis, annualized sales rate declined to 16.6 million, coming below expectations and the lowest pace of sales since Feb 2015. This decline has come amid rising discounts by auto makers to promote sales.
While these manufacturers bear the brunt of the weak sales, auto part producers are anticipated to face headwinds due to this decline. Lower sales imply fewer parts that would need to be replaced, indicating low future sales for these companies.
Per Cleveland Research, auto part manufacturers may also suffer currently as there are fewer vehicles that need to be repaired due to the low sales during the last recession.
DIY Trend Weakening
Cleveland Research has also reported weakness in demand from do-it-yourself (DIY) customers, which is likely to lead to a fall in comparable store sales for companies such as O'Reilly and AutoZone. Weak comp sales were witnessed in February as well as March, lowering outlook confidence in the sales for 2017.
Moreover, increasing products offered at Walmart and Amazon add to the pressure faced by the companies.
Expected Decline in Used Car Prices
Morgan Stanley has projected the decline of used car prices by 20% over the next four years, and may also go as low as 50%. This expected decline is supported by the near end of lease terms for vehicles, which would then be sent back to car dealerships thereby increasing the supply of used cars. The competition is expected to help lower prices.
Moreover, recently the auto industry has been experiencing a boom with car sales increasing consecutively for seven years. The large inventory of new vehicles is indicative of the fact that the requirement for used vehicles will be lower.
The Industry's Performance
In the past year, the Zacks classified Automotive - Retail and Wholesale - Parts industry has underperformed the broader market. While the industry has lost 2.5%, the S&P 500 has gained 15%.
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CarMax Inc (KMX): Free Stock Analysis Report
O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): 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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Meanwhile, Advance Auto Parts Inc AAP , CarMax Inc KMX and Genuine Parts Company GPC also witnessed declines of 1.9%, 4.3% and 2.2%, respectively. Click to get this free report CarMax Inc (KMX): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Genuine Parts Company (GPC): Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly Automotive, Inc. ORLY and AutoZone, Inc. AZO were downgraded by Cleveland Research and saw their share prices declining 4.1% and 3.1%, respectively, on Apr 4.
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Meanwhile, Advance Auto Parts Inc AAP , CarMax Inc KMX and Genuine Parts Company GPC also witnessed declines of 1.9%, 4.3% and 2.2%, respectively. Click to get this free report CarMax Inc (KMX): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Genuine Parts Company (GPC): Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly Automotive, Inc. ORLY and AutoZone, Inc. AZO were downgraded by Cleveland Research and saw their share prices declining 4.1% and 3.1%, respectively, on Apr 4.
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Click to get this free report CarMax Inc (KMX): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Genuine Parts Company (GPC): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc AAP , CarMax Inc KMX and Genuine Parts Company GPC also witnessed declines of 1.9%, 4.3% and 2.2%, respectively. Weak Vehicle Sales A number of auto manufacturers reported U.S. sales, which came in weak.
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Click to get this free report CarMax Inc (KMX): Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Genuine Parts Company (GPC): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc AAP , CarMax Inc KMX and Genuine Parts Company GPC also witnessed declines of 1.9%, 4.3% and 2.2%, respectively. Weak Vehicle Sales A number of auto manufacturers reported U.S. sales, which came in weak.
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11592.0
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2017-04-04 00:00:00 UTC
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Noteworthy Tuesday Option Activity: WHR, AAP, WBA
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AAP
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity-whr-aap-wba-2017-04-04
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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 Whirlpool Corp (Symbol: WHR), where a total of 3,139 contracts have traded so far, representing approximately 313,900 underlying shares. That amounts to about 44.8% of WHR's average daily trading volume over the past month of 700,765 shares. Especially high volume was seen for the $175 strike call option expiring April 28, 2017 , with 548 contracts trading so far today, representing approximately 54,800 underlying shares of WHR. Below is a chart showing WHR's trailing twelve month trading history, with the $175 strike highlighted in orange:
Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 4,435 contracts, representing approximately 443,500 underlying shares or approximately 44% of AAP's average daily trading volume over the past month, of 1.0 million shares. Particularly high volume was seen for the $145 strike put option expiring April 21, 2017 , with 2,477 contracts trading so far today, representing approximately 247,700 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $145 strike highlighted in orange:
And Walgreens Boots Alliance Inc (Symbol: WBA) saw options trading volume of 14,049 contracts, representing approximately 1.4 million underlying shares or approximately 43.4% of WBA's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $85 strike call option expiring April 07, 2017 , with 2,082 contracts trading so far today, representing approximately 208,200 underlying shares of WBA. Below is a chart showing WBA's trailing twelve month trading history, with the $85 strike highlighted in orange:
For the various different available expirations for WHR options , AAP options , or WBA 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.
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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Particularly high volume was seen for the $145 strike put option expiring April 21, 2017 , with 2,477 contracts trading so far today, representing approximately 247,700 underlying shares of AAP. Below is a chart showing WHR's trailing twelve month trading history, with the $175 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 4,435 contracts, representing approximately 443,500 underlying shares or approximately 44% 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 $145 strike highlighted in orange: And Walgreens Boots Alliance Inc (Symbol: WBA) saw options trading volume of 14,049 contracts, representing approximately 1.4 million underlying shares or approximately 43.4% of WBA's average daily trading volume over the past month, of 3.2 million shares.
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Below is a chart showing WHR's trailing twelve month trading history, with the $175 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 4,435 contracts, representing approximately 443,500 underlying shares or approximately 44% 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 $145 strike highlighted in orange: And Walgreens Boots Alliance Inc (Symbol: WBA) saw options trading volume of 14,049 contracts, representing approximately 1.4 million underlying shares or approximately 43.4% of WBA's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $145 strike put option expiring April 21, 2017 , with 2,477 contracts trading so far today, representing approximately 247,700 underlying shares of AAP.
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Below is a chart showing WHR's trailing twelve month trading history, with the $175 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 4,435 contracts, representing approximately 443,500 underlying shares or approximately 44% 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 $145 strike highlighted in orange: And Walgreens Boots Alliance Inc (Symbol: WBA) saw options trading volume of 14,049 contracts, representing approximately 1.4 million underlying shares or approximately 43.4% of WBA's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $145 strike put option expiring April 21, 2017 , with 2,477 contracts trading so far today, representing approximately 247,700 underlying shares of AAP.
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Below is a chart showing WHR's trailing twelve month trading history, with the $175 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 4,435 contracts, representing approximately 443,500 underlying shares or approximately 44% of AAP's average daily trading volume over the past month, of 1.0 million shares. Particularly high volume was seen for the $145 strike put option expiring April 21, 2017 , with 2,477 contracts trading so far today, representing approximately 247,700 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $145 strike highlighted in orange: And Walgreens Boots Alliance Inc (Symbol: WBA) saw options trading volume of 14,049 contracts, representing approximately 1.4 million underlying shares or approximately 43.4% of WBA's average daily trading volume over the past month, of 3.2 million shares.
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11593.0
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2017-03-30 00:00:00 UTC
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Advance Auto Parts is Now Oversold (AAP)
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-now-oversold-aap-2017-03-30
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $148.35 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 58.2. A bullish investor could look at AAP's 29.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAP shares:
Looking at the chart above, AAP's low point in its 52 week range is $132.98 per share, with $177.83 as the 52 week high point - that compares with a last trade of $148.67.
According to the ETF Finder at ETF Channel, AAP makes up 1.01% of the SPDR S&P Retail ETF (Symbol: XRT) which is trading up by about 0.1% on the day Thursday.
Find out what 9 other oversold stocks you need to know about »
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) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $148.35 per share. A bullish investor could look at AAP's 29.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $132.98 per share, with $177.83 as the 52 week high point - that compares with a last trade of $148.67.
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The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $132.98 per share, with $177.83 as the 52 week high point - that compares with a last trade of $148.67. In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $148.35 per share. A bullish investor could look at AAP's 29.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $148.35 per share. The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $132.98 per share, with $177.83 as the 52 week high point - that compares with a last trade of $148.67. A bullish investor could look at AAP's 29.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $148.35 per share. According to the ETF Finder at ETF Channel, AAP makes up 1.01% of the SPDR S&P Retail ETF (Symbol: XRT) which is trading up by about 0.1% on the day Thursday. A bullish investor could look at AAP's 29.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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11594.0
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2017-03-28 00:00:00 UTC
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Notable Tuesday Option Activity: TSRO, AAP, CAB
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AAP
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https://www.nasdaq.com/articles/notable-tuesday-option-activity-tsro-aap-cab-2017-03-28
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Tesaro Inc (Symbol: TSRO), where a total of 6,290 contracts have traded so far, representing approximately 629,000 underlying shares. That amounts to about 52.3% of TSRO's average daily trading volume over the past month of 1.2 million shares. Especially high volume was seen for the $180 strike call option expiring April 21, 2017 , with 3,538 contracts trading so far today, representing approximately 353,800 underlying shares of TSRO. Below is a chart showing TSRO's trailing twelve month trading history, with the $180 strike highlighted in orange:
Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,660 contracts thus far today. That number of contracts represents approximately 466,000 underlying shares, working out to a sizeable 46.1% of AAP's average daily trading volume over the past month, of 1.0 million shares. Especially high volume was seen for the $150 strike call option expiring June 16, 2017 , with 4,567 contracts trading so far today, representing approximately 456,700 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $150 strike highlighted in orange:
And Cabela's Inc (Symbol: CAB) options are showing a volume of 1,561 contracts thus far today. That number of contracts represents approximately 156,100 underlying shares, working out to a sizeable 40.8% of CAB's average daily trading volume over the past month, of 382,705 shares. Especially high volume was seen for the $45 strike put option expiring April 21, 2017 , with 1,011 contracts trading so far today, representing approximately 101,100 underlying shares of CAB. Below is a chart showing CAB's trailing twelve month trading history, with the $45 strike highlighted in orange:
For the various different available expirations for TSRO options , AAP options , or CAB 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.
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 $150 strike call option expiring June 16, 2017 , with 4,567 contracts trading so far today, representing approximately 456,700 underlying shares of AAP. Below is a chart showing TSRO's trailing twelve month trading history, with the $180 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,660 contracts thus far today. That number of contracts represents approximately 466,000 underlying shares, working out to a sizeable 46.1% 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 466,000 underlying shares, working out to a sizeable 46.1% 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 $150 strike highlighted in orange: And Cabela's Inc (Symbol: CAB) options are showing a volume of 1,561 contracts thus far today. Below is a chart showing TSRO's trailing twelve month trading history, with the $180 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,660 contracts thus far today.
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Below is a chart showing CAB's trailing twelve month trading history, with the $45 strike highlighted in orange: For the various different available expirations for TSRO options , AAP options , or CAB options , visit StockOptionsChannel.com. Below is a chart showing TSRO's trailing twelve month trading history, with the $180 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,660 contracts thus far today. That number of contracts represents approximately 466,000 underlying shares, working out to a sizeable 46.1% of AAP's average daily trading volume over the past month, of 1.0 million shares.
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Below is a chart showing CAB's trailing twelve month trading history, with the $45 strike highlighted in orange: For the various different available expirations for TSRO options , AAP options , or CAB options , visit StockOptionsChannel.com. Below is a chart showing TSRO's trailing twelve month trading history, with the $180 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,660 contracts thus far today. That number of contracts represents approximately 466,000 underlying shares, working out to a sizeable 46.1% of AAP's average daily trading volume over the past month, of 1.0 million shares.
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11595.0
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2017-03-24 00:00:00 UTC
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Why Is Advance Auto Parts (AAP) Down 5.3% Since the Last Earnings Report?
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AAP
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https://www.nasdaq.com/articles/why-is-advance-auto-parts-aap-down-5.3-since-the-last-earnings-report-2017-03-24
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nan
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nan
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A month has gone by since the last earnings report for Advance Auto Parts IncAAP . Shares have lost about 5.3% in that time frame, underperforming the market.
Will the recent negative trend continue leading up to the stock's next earnings release, or is it due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Advance Auto Parts Misses on Q4 Earnings, Beats Sales
Advance Auto Parts reported a decline in adjusted earnings to $1.00 per share in the fourth quarter of fiscal 2016 (ended Dec 31, 2016) from $1.22 earned in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of $1.09. Adjusted net earnings declined to $125.6 million from $157.6 million in the fourth quarter of fiscal 2015.
Revenues improved 2.5% year over year to $2.08 billion and surpassed the Zacks Consensus Estimate of $2.01 billion. The year-over-year rise in the top line was due to growth in comparable store sales and a Worldpac branch opening, partly offset by store closures and Carquest store consolidations. Comparable store sales grew 3.1% in the reported quarter as against a decline of 2.5% recorded a year ago.
Gross profit declined to $907.6 million or 43.6% of sales in the reported quarter from $909.2 million or 44.7%, recorded a year ago. The decrease in gross profit margin can be attributed to supply chain expenses and headwinds related to inventory level reductions.
Adjusted selling, general and administrative (SG&A) expenses totaled $781.9 million or 37.5% of sales in the quarter under review, compared with $751.6 million or 37% in the fourth quarter of fiscal 2015. The rise in SG&A was due to continued investments in customer service initiatives.
Comparable operating income rose 5.4% to $106.1 million from $100.7 million in the prior-year quarter. Adjusted operating margin was 6% as against the 7.7% figure recorded a year ago.
Full-Year 2016
For full-year 2016, Advance Auto Parts reported adjusted earnings of $7.15 per share, down from $7.82 reported in 2015. The figure also missed the Zacks Consensus Estimate of $7.24. Operating income in the year fell 4.6% to $787.6 million.
Revenues in 2016 were $9.57 billion, down from the $9.74 billion earned in 2015. However, revenues surpassed the Zacks Consensus Estimate of $9.5 billion.
Dividend
On Feb 15, 2017, the board of directors of Advance Auto Parts declared a regular quarterly dividend of $0.06 per share, payable on Apr 7, 2017, to stockholders on record as of Mar 24, 2017.
Financial Position
Advance Auto Parts had cash and cash equivalents of $135.2 million as of Dec 31, 2016, reflecting an increase from $90.8 million as of Jan 2, 2016. Total long-term debt was $1.04 billion as of Dec 31, 2016, compared with $1.21 billion as of Jan 2, 2016.
During the 52-week period ended Dec 31, 2016, operating cash flow was $500.9 million compared with $689.6 million in the year-ago period. Free cash flow in the said period amounted to $241.3 million compared with $454.9 million in the prior-year period. Capital expenditures amounted to $259.6 million compared with $234.7 million a year ago.
Store Update
Advance Auto Parts enhances profits through its continued focus on store expansion. As of Dec 31, 2016, the company's total store count was 5,189, including 127 Worldpac branches. Advance Auto Parts served roughly 1,250 independently owned Carquest stores as of that date.
Outlook
For full-year 2017, Advance Auto Parts expects adjusted operating income margin to improve 0.15-0.35%. The company also expects to open 75-85 new stores, including Worldpac branches.
Capital expenditure for the year is projected to be roughly $250 million.
How Have Estimates Been Moving Since Then?
Following the release, investors have witnessed a downward trend in fresh estimates. There have been eight revisions lower for the current quarter. In the past month, the consensus estimate has shifted lower by 10.6% due to these changes.
Advance Auto Parts Inc Price and Consensus
Advance Auto Parts Inc Price and Consensus | Advance Auto Parts Inc Quote
VGM Scores
At this time, Advance Auto Parts' stock has a subpar Growth Score of 'D', though it is lagging a bit on the momentum front with an 'F'. However, the stock was allocated a grade of 'B' on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'D'. If you aren't focused on one strategy, this score is the one you should be interested in.
The company's stock is suitable solely for value based on our styles scores.
Outlook
Estimates have been broadly trending downward for the stock. The magnitude of this revision also indicates a downward shift. Interestingly, the stock has a Zacks Rank #3 (Hold). We are looking for an inline 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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A month has gone by since the last earnings report for Advance Auto Parts IncAAP . Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
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A month has gone by since the last earnings report for Advance Auto Parts IncAAP . 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 Misses on Q4 Earnings, Beats Sales Advance Auto Parts reported a decline in adjusted earnings to $1.00 per share in the fourth quarter of fiscal 2016 (ended Dec 31, 2016) from $1.22 earned in the prior-year quarter.
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A month has gone by since the last earnings report for Advance Auto Parts IncAAP . 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 Misses on Q4 Earnings, Beats Sales Advance Auto Parts reported a decline in adjusted earnings to $1.00 per share in the fourth quarter of fiscal 2016 (ended Dec 31, 2016) from $1.22 earned in the prior-year quarter.
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A month has gone by since the last earnings report for Advance Auto Parts IncAAP . 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 Misses on Q4 Earnings, Beats Sales Advance Auto Parts reported a decline in adjusted earnings to $1.00 per share in the fourth quarter of fiscal 2016 (ended Dec 31, 2016) from $1.22 earned in the prior-year quarter.
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11596.0
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2017-03-21 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for March 22, 2017
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-march-22-2017-2017-03-21
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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 22, 2017. A cash dividend payment of $0.06 per share is scheduled to be paid on April 07, 2017. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 15th quarter that AAP has paid the same dividend.
The previous trading day's last sale of AAP was $152.44, representing a -14.28% decrease from the 52 week high of $177.83 and a 14.63% increase over the 52 week low of $132.98.
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 $6.19. Zacks Investment Research reports AAP's forecasted earnings growth in 2017 as 5.7%, compared to an industry average of 10.4%.
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:
First Trust Cons. Discret. AlphaDEX ( FXD ).
The top-performing ETF of this group is FXD with an increase of 5.31% over the last 100 days. It also has the highest percent weighting of AAP at 0.49%.
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 2017 as 5.7%, compared to an industry average of 10.4%.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. 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 22, 2017.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAP was $152.44, representing a -14.28% decrease from the 52 week high of $177.83 and a 14.63% increase over the 52 week low of $132.98. 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 $6.19. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on March 22, 2017. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment.
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11597.0
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2017-03-16 00:00:00 UTC
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Auto Stock Roundup: Trump Plans Raise Hope; Ford, Honda Reveal Expansion Strategies
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-trump-plans-raise-hope-ford-honda-reveal-expansion-strategies-2017-03
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nan
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nan
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Last week was quite a positive one for automakers, with the performance of most stocks reflecting the same. President Donald Trump extended support to auto manufacturers and suggested measures to invigorate growth.
While Honda Motors HMC announced investment plans, Tesla, Inc. TSLA revealed plans to raise $1.1 billion capital before beginning of the Model 3 production.
Ford Motor Company F expanded its vehicle electrification program and Harley-Davidson, Inc. HOG launched a new motorcycle that could help the company to break out of its niche market.
(Read the previous roundup here: Auto Stock Roundup for Mar 9, 2017 )
Recap of the Week's Most Important Stories
1. Trump announced his decision to reopen the mid-term review of the agreement signed regarding the U.S. vehicle fuel-efficiency standards, after extensive lobbying by automakers. Moreover, he also stated that his administration would focus on the elimination of regulations that negatively impact industry growth as well as lower taxes to promote job creation.
Additionally, he ensured to keep in place regulations that would protect the union workers' jobs and auto factories, promising promotion of growth in the auto sector. Trump will also be reviewing trade deals, particularly NAFTA, that he believes has been adversely affecting the U.S. auto industry and its workers. (Read More: Are Automakers Poised to Grow Under Trump's Presidency? )
2. Honda announced plans of investing $150 million in two of its U.S. facilities. The investment will be utilized for the production of 10-speed automatic transmissions. These transmissions will then be installed in front-wheel-drive vehicles. (Read More: Honda to Invest $150M in US Plants for 10-Speed Transmission )
Honda carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here .
3. Tesla announced plans to raise $1.1 billion through a series of offerings. The company will offer roughly $250 million worth common stocks along with senior convertible notes worth $750 million due in 2022. Tesla aims to raise this capital to strengthen its balance sheet as well as lower risks related to the swift scaling of its business with the upcoming launch of Model 3. The company aims to begin Model 3 deliveries by the end of 2017.
Tesla carries a Zacks Rank #3 (Hold).
4. Ford announced plans to expand its Advanced Fuel Qualified Vehicle Modifier (QVM) program. The new program, eQVM, will include companies which will develop and install electrified as well as hydraulic hybrid powertrains for Ford trucks and vans. The program is set to begin will three new companies that will modify a range of the company's vehicles. Ford plans to invest $4.5 billion over the next five years in 13 new electrified vehicles. (Read More: Ford Expands Commercial Vehicles Electrification Program )
Additionally, Ford's subsidiary, Lincoln Motor Co., has also revealed plans to commence the manufacturing of luxury SUVs in China by late 2019. This move, into the world's largest auto market, is consistent with the company's aim to compete with its German and U.S. rivals which already operate in the Chinese auto market.
Ford carries a Zacks Rank #3.
5. Harley-Davidson has launched a new motorcycle, Street Rod 750, which is priced significantly below the normal range of the company's vehicles. The motorcycle has an entry price of $8,699, compared to other bikes sold by the company that may exceed $25,000. The new model is aimed for urban commuters, as the company looks to diversify from its customer base. The motorcycle has been designed for easy driving, with emphasis on light and precise handling at all speeds.
Harley-Davidson carries a Zacks Rank #4 (Sell).
Performance
Auto stocks recorded a relatively positive performance last week. Advance Auto Parts, Inc. AAP lost the maximum among the stocks listed below, while Harley-Davidson was the biggest gainer.
Over the last six months, Tesla has been the biggest gainer, while AutoZone, Inc. AZO was the worst performer.
Auto-Tires-Trucks Sector 5YR % Return
Auto-Tires-Trucks Sector 5YR % Return
What's Next in the Auto Space?
Some automakers are expected to reveal Europe sales for February in the coming week.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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
Ford Motor Company (F): Free Stock Analysis Report
Tesla Inc. (TSLA): Free Stock Analysis Report
Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
Harley-Davidson, Inc. (HOG): 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 lost the maximum among the stocks listed below, while Harley-Davidson was the biggest gainer. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Trump announced his decision to reopen the mid-term review of the agreement signed regarding the U.S. vehicle fuel-efficiency standards, after extensive lobbying by automakers.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP lost the maximum among the stocks listed below, while Harley-Davidson was the biggest gainer. While Honda Motors HMC announced investment plans, Tesla, Inc. TSLA revealed plans to raise $1.1 billion capital before beginning of the Model 3 production.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP lost the maximum among the stocks listed below, while Harley-Davidson was the biggest gainer. While Honda Motors HMC announced investment plans, Tesla, Inc. TSLA revealed plans to raise $1.1 billion capital before beginning of the Model 3 production.
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Advance Auto Parts, Inc. AAP lost the maximum among the stocks listed below, while Harley-Davidson was the biggest gainer. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Tesla Inc. (TSLA): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts Inc (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report Harley-Davidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Last week was quite a positive one for automakers, with the performance of most stocks reflecting the same.
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11598.0
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2017-03-13 00:00:00 UTC
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Weekly CEO Buys Highlights
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AAP
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https://www.nasdaq.com/articles/weekly-ceo-buys-highlights-2017-03-13
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nan
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nan
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According to GuruFocus' Insider Data, these are the largest CEO buys during the past week. The overall trend of purchases is illustrated in the chart below:
American Assets Trust CEO bought 80,177 shares
American Assets Trust Inc. ( AAT ) Chairman, CEO, President and 10% owner Ernest S. Rady bought 80,177 shares during the past week.
Rady bought 13,060 shares for $42.98 per share on March 3; 26,060 shares for $42.6 per share on March 7; and 16,623 shares for $41.77 per share on March 8. Rady also purchased 24,434 shares for $41.21 per share on March 10.
American Assets is a full service, vertically integrated and self-administered real estate investment trust. It owns, operates, acquires and develops retail, office, multifamily and mixed-use properties. The company has a market cap of $2.65 billion. As of March 10 its shares traded at $41.18 with a price-earnings (P/E) ratio of 57.27.
Net income available to common stockholders was $8.9 million for the three months ended Dec. 31, 2016.
The Brink's CEO bought 30,000 shares
The Brink's Co. ( BCO ) President and CEO Douglas A. Pertz bought 30,000 shares for $51.95 per share on March 6. The stock price has increased by 1.73% since.
Brink's, along with its subsidiaries, provides secure transportation, cash management services and other security-related services to banks and financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. The company has a market cap of $2.64 billion. As of March 10 its shares traded at $52.85 with a P/E ratio of 77.04.
Revenues for the fourth quarter of 2016 were $804 million compared to $766 million for the prior-year period.
Director Peter A. Feld sold 650,000 shares for $51.8 per share on Feb. 23; 50,000 shares for $52.53 per share on March 6; and 150,000 shares for $52.25 per share on March 7. The stock price of the has increased by 1.15% since.
Executive Vice President and Chief Financial Officer Ronald James Domanico bought 5,000 shares for $52.19 per share on March 7. The stock price has increased by 1.26% since.
Controller Thomas Colan sold 966 shares for $52.4 per share on March 7. The stock price has increased by 0.86% since.
Executive Vice President Amit Zukerman sold 10,000 shares for $52.55 per share on March 3. The stock price has increased by 0.57% since.
SunOpta CEO bought 145,000 shares
SunOpta Inc. ( STKL ) President and CEO David Colo bought 145,000 shares during the past week.
Colo bought 74,000 shares for $6.85 per share on March 6. Colo also purchased 71,000 shares for $7.29 per share on March 7.
SunOpta is engaged in sourcing, processing and packaging of natural, organic and specialty food products. It also produces, distributes and recycles industrial minerals, silica-free abrasives and specialty sands. The company has a market cap of $720.36 million. As of March 10 its shares traded at $7.3 with a P/E ratio of -13.06.
Revenues of $297.5 million for the fourth quarter of 2016 versus $316.4 million in the fourth quarter of 2015, a decrease of 6.0% versus the prior-year period.
Huntington Investment Oaktree, a 10% owner, bought 490,079 shares for $6.9 per share on March 6. The stock price has increased by 5.8% since.
Oaktree Fund GP LLC, a 10% owner, bought 2,509,921 shares for $6.9 per share on March 6. The stock price has increased by 5.8% since.
Huntington Investment Oaktree, a 10% owner, bought 490,079 shares for $6.9 per share on March 6. The stock price has increased by 5.8% since.
Advance Auto Parts CEO bought 6,500 shares
Advance Auto Parts Inc. ( AAP ) President and CEO Thomas Greco bought 6,500 shares for $154.29 per share on March 7. The stock price has decreased by 0.21% since.
Advance Auto is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items mainly operating within the U.S. The company has a market cap of $11.36 billion. As of March 10 its shares traded at $153.97 with a P/E ratio of 24.83.
Total sales for the fourth quarter increased 2.4% to $2.08 billion compared with total sales during the fourth quarter of fiscal 2015 of $2.03 billion.
Cott CEO bought 46,100 shares
Cott Corp. ( COT ) CEO - DS Services Thomas Harrington bought 46,100 shares for $10.99 per share on March 6. The stock price has increased by 11.74% since.
Cott manufactures and sells beverages. It offers products such as carbonated soft drinks, shelf stable juice and juice-based products, clear, flavored waters, energy drinks and shots, sports products, ready-to-drink teas and alcoholic beverages. The company has a market cap of $1.74 billion. As of March 10 its shares traded at $12.28 with a P/E ratio of -20.13.
CEO Jeremy S. G. Fowden bought 9,470 shares for $10.56 per share on March 1. The stock price has increased by 16.29% since.
Director Gregory R. Monahan bought 12,000 shares for $10.68 per share on March 3. The stock price has increased by 14.98% since.
Director Eric Rosenfeld bought 125,000 shares for $10.6 per share on March 1. The stock price has increased by 15.85% since.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys .
Disclosure: I do not own stock in any of the companies mentioned in the article.
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This article first appeared on GuruFocus .
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 CEO bought 6,500 shares Advance Auto Parts Inc. ( AAP ) President and CEO Thomas Greco bought 6,500 shares for $154.29 per share on March 7. The overall trend of purchases is illustrated in the chart below: American Assets Trust CEO bought 80,177 shares American Assets Trust Inc. ( AAT ) Chairman, CEO, President and 10% owner Ernest S. Rady bought 80,177 shares during the past week. American Assets is a full service, vertically integrated and self-administered real estate investment trust.
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Advance Auto Parts CEO bought 6,500 shares Advance Auto Parts Inc. ( AAP ) President and CEO Thomas Greco bought 6,500 shares for $154.29 per share on March 7. The overall trend of purchases is illustrated in the chart below: American Assets Trust CEO bought 80,177 shares American Assets Trust Inc. ( AAT ) Chairman, CEO, President and 10% owner Ernest S. Rady bought 80,177 shares during the past week. SunOpta CEO bought 145,000 shares SunOpta Inc. ( STKL ) President and CEO David Colo bought 145,000 shares during the past week.
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Advance Auto Parts CEO bought 6,500 shares Advance Auto Parts Inc. ( AAP ) President and CEO Thomas Greco bought 6,500 shares for $154.29 per share on March 7. Rady bought 13,060 shares for $42.98 per share on March 3; 26,060 shares for $42.6 per share on March 7; and 16,623 shares for $41.77 per share on March 8. Director Peter A. Feld sold 650,000 shares for $51.8 per share on Feb. 23; 50,000 shares for $52.53 per share on March 6; and 150,000 shares for $52.25 per share on March 7.
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Advance Auto Parts CEO bought 6,500 shares Advance Auto Parts Inc. ( AAP ) President and CEO Thomas Greco bought 6,500 shares for $154.29 per share on March 7. Cott CEO bought 46,100 shares Cott Corp. ( COT ) CEO - DS Services Thomas Harrington bought 46,100 shares for $10.99 per share on March 6. Disclosure: I do not own stock in any of the companies mentioned in the article.
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11599.0
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2017-03-08 00:00:00 UTC
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Wednesday 3/8 Insider Buying Report: AAP, ORC
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AAP
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https://www.nasdaq.com/articles/wednesday-38-insider-buying-report-aap-orc-2017-03-08
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nan
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nan
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Tuesday, Advance Auto Parts' CEO, Thomas Greco, made a $1.00M buy of AAP, purchasing 6,500 shares at a cost of $154.29 each. Bargain hunters are able to pick up AAP even cheaper than Greco did, with the stock changing hands as low as $152.82 in trading on Wednesday which is 1.0% below Greco's purchase price. Advance Auto Parts is trading up about 0.6% on the day Wednesday. Before this latest buy, Greco purchased AAP at 2 other times during the past year, for a total investment of $2.01M at an average of $155.04 per share.
And at Orchid Island Capital, there was insider buying on Friday, by Director John Van Heuvelen who purchased 100,000 shares for a cost of $9.40 each, for a total investment of $939,790. Orchid Island Capital, is trading down about 0.3% on the day Wednesday. So far Heuvelen is in the green, up about 2.6% on their buy based on today's trading high of $9.64.
VIDEO: Wednesday 3/8 Insider Buying Report: AAP, ORC
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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On Tuesday, Advance Auto Parts' CEO, Thomas Greco, made a $1.00M buy of AAP, purchasing 6,500 shares at a cost of $154.29 each. Before this latest buy, Greco purchased AAP at 2 other times during the past year, for a total investment of $2.01M at an average of $155.04 per share. Bargain hunters are able to pick up AAP even cheaper than Greco did, with the stock changing hands as low as $152.82 in trading on Wednesday which is 1.0% below Greco's purchase price.
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On Tuesday, Advance Auto Parts' CEO, Thomas Greco, made a $1.00M buy of AAP, purchasing 6,500 shares at a cost of $154.29 each. Before this latest buy, Greco purchased AAP at 2 other times during the past year, for a total investment of $2.01M at an average of $155.04 per share. VIDEO: Wednesday 3/8 Insider Buying Report: AAP, ORC 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: Wednesday 3/8 Insider Buying Report: AAP, ORC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. On Tuesday, Advance Auto Parts' CEO, Thomas Greco, made a $1.00M buy of AAP, purchasing 6,500 shares at a cost of $154.29 each. Bargain hunters are able to pick up AAP even cheaper than Greco did, with the stock changing hands as low as $152.82 in trading on Wednesday which is 1.0% below Greco's purchase price.
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On Tuesday, Advance Auto Parts' CEO, Thomas Greco, made a $1.00M buy of AAP, purchasing 6,500 shares at a cost of $154.29 each. Bargain hunters are able to pick up AAP even cheaper than Greco did, with the stock changing hands as low as $152.82 in trading on Wednesday which is 1.0% below Greco's purchase price. Before this latest buy, Greco purchased AAP at 2 other times during the past year, for a total investment of $2.01M at an average of $155.04 per share.
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