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11600.0
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2017-03-06 00:00:00 UTC
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The Marijuana Industry Has Some Brand-New Opposition
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AAP
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https://www.nasdaq.com/articles/marijuana-industry-has-some-brand-new-opposition-2017-03-06
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nan
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The marijuana industry has been practically unstoppable this decade. Just this past year alone, five states legalized medical cannabis (including two that did so entirely through the legislative process), while the number of recreational weed states doubled to eight. With the exception of Arizona, where a recreational pot measure failed by just 2 percentage points, marijuana initiatives and amendments had a clean sweep in the November elections.
The success of marijuana essentially boils down to two factors.
First, the public opinion of pot is rapidly evolving and becoming more favorable. Over just the past 21 years, according to Gallup's polling, favorability toward a nationwide legalization of marijuana has increased from 25% to 60%. The number of respondents that would like to see medical marijuana legalized is considerably higher.
Second, there are serious dollar figures behind the marijuana industry, which are influencing state governments and businesses to get involved. Colorado, one of the first two states to legalize recreational weed in 2012, wound up selling $1.1 billion worth of legal pot through the first 10 months of 2016. Mind you, the state "only" sold $996.2 million in legal weed last year, leading to $135 million in tax and licensing revenue. This added revenue can be critical in helping to close state budget gaps.
However, marijuana doesn't have everyone seeing green. In fact, a new report has one group strongly cautioning against its expansion.
Doctors share their concerns about teen pot use
On Monday, Feb. 27, the American Academy of Pediatrics (AAP) published a report online in Pediatrics that strongly warns against teen marijuana use and encourages physicians to discuss the dangers of pot use with parents and teens. In particular, the report cites the potential for adolescents who regularly use cannabis to develop serious mental health disorders, dulled sensory awareness, and decreased short-term memory and concentration, to name a few concerns.
The AAP's report also mentions a number of potentially damaging, and worrying, statistics. For example, since 1995 the concentration of tetrahydrocannabinol (THC), the psychoactive component of cannabis, has increased from about 4% to 12% as of 2014. Higher THC content means a greater likelihood of dependency and overdose, according to the report. In total, 9% of the people who experiment with pot become addicted. This percentage rises to 17% for those who began using weed during adolescence and to 50% for teens who use marijuana daily.
Meanwhile, as marijuana strains are getting stronger in terms of THC content, the perception of marijuana as a "risky' drug is ebbing with teens. Between 2007 and 2015, the number of teens who'd proclaim marijuana as a risky drug has fallen from 55% to 41%.
It's worth pointing out that researchers at AAP aren't completely opposed to the idea of cannabis being used for medical purposes. Some studies have suggested that cannabis and/or cannabinoids can be helpful in reducing seizures. For instance, GW Pharmceuticals (NASDAQ: GWPH) has an experimental drug known as Epidiolex that led to a statistically significant reduction in seizure frequency in two rare types of childhood-onset epilepsy in multiple phase 3 trials. Its chances of approval by the Food and Drug Administration look better than 50-50.
Overall, though, the AAP remains very cautious of lax marijuana regulations and what legalization might do to teens. In the words of study co-author Seth D. Ammerman, M.D., FAAP, "Marijuana is not a benign drug, especially for teens. Their brains are still developing, and marijuana can cause abnormal and unhealthy changes."
Will the White House be a friend or foe?
Of course, the AAP may not be the pot industry's only source of opposition. The Trump administration could turn out to be a wild card as well.
During his campaign, Donald Trump suggested that he was 100% in support of medical marijuana and that he believed recreational marijuana was a state-level issue. In other words, the status quo was expected to continue for the states, with perhaps an outside chance of a medical marijuana approval at the federal level.
However, in recent days White House press secretary Sean Spicer has suggested that the Trump administration could be more stringent in its enforcement of federal marijuana laws in the weeks and months to come. While Spicer's commentary suggests that the President will respect the medical benefits of cannabis, it's looking as if some level of tougher enforcement could be expected on the recreational side of the equation.
The big question at the moment is that we don't known what this enforcement might entail. It may just involve stricter oversight of marketing, packaging, and retail laws so as to keep recreational marijuana out of the hands of minors, which would please the AAP. Then again, it could mean a crackdown whereby the federal government prevents recently approved states like California, Maine, Massachusetts, and Nevada from getting their recreational pot industry off the ground.
A vicious Catch-22 continues to haunt the cannabis industry. Lawmakers on Capitol Hill want better benefit-versus-risk data from well-thought-out clinical studies on pot, but these studies can't be run as long as the federal government keeps such a tight leash around marijuana, which is a schedule 1 drug.
As always, pot's future continues to be very much in flux, which is all the more reason why, despite its rapid growth in recent years, investors would be wise to remain firmly on the sidelines.
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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 GW Pharmaceuticals 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 February 6, 2017
Sean Williams has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Doctors share their concerns about teen pot use On Monday, Feb. 27, the American Academy of Pediatrics (AAP) published a report online in Pediatrics that strongly warns against teen marijuana use and encourages physicians to discuss the dangers of pot use with parents and teens. The AAP's report also mentions a number of potentially damaging, and worrying, statistics. It's worth pointing out that researchers at AAP aren't completely opposed to the idea of cannabis being used for medical purposes.
|
Doctors share their concerns about teen pot use On Monday, Feb. 27, the American Academy of Pediatrics (AAP) published a report online in Pediatrics that strongly warns against teen marijuana use and encourages physicians to discuss the dangers of pot use with parents and teens. The AAP's report also mentions a number of potentially damaging, and worrying, statistics. It's worth pointing out that researchers at AAP aren't completely opposed to the idea of cannabis being used for medical purposes.
|
Doctors share their concerns about teen pot use On Monday, Feb. 27, the American Academy of Pediatrics (AAP) published a report online in Pediatrics that strongly warns against teen marijuana use and encourages physicians to discuss the dangers of pot use with parents and teens. The AAP's report also mentions a number of potentially damaging, and worrying, statistics. It's worth pointing out that researchers at AAP aren't completely opposed to the idea of cannabis being used for medical purposes.
|
Doctors share their concerns about teen pot use On Monday, Feb. 27, the American Academy of Pediatrics (AAP) published a report online in Pediatrics that strongly warns against teen marijuana use and encourages physicians to discuss the dangers of pot use with parents and teens. The AAP's report also mentions a number of potentially damaging, and worrying, statistics. It's worth pointing out that researchers at AAP aren't completely opposed to the idea of cannabis being used for medical purposes.
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11601.0
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2017-03-02 00:00:00 UTC
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Advance Auto Parts Inc. Is on the Right Track
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-right-track-2017-03-02
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nan
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nan
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Did Advance Auto Parts Inc. (NYSE: AAP) just have a good or bad quarter? The 3.1% increase in comparable-store sales, after four straight quarters of declines, certainly suggests the company is starting to generate traction with its turnaround plans. On the other hand, the sales figures were flattened by a couple of non-recurring factors, and the adjusted operating margin decline to 6% from 7.7% in the same period last year says management still has a lot of work to do. Let's take a closer look at the earnings.
Sales up, margin down
For those unfamiliar with the investment case for Advance Auto Parts, we can start by observing that the company has an opportunity to play catch-up with the kind of operating margin, cash flow generation, and sales growth that peers such as O'Reilly Automotive Inc. (NASDAQ: ORLY) and AutoZone Inc .(NYSE: AZO) enjoy. Advance Auto Parts' management has set some aggressive mid-term targets, such as a 14.4% increase in adjusted operating income margin by 2021, from the 9.4% achieved in 2016, with $500 million in productivity savings achieved in those five years.
The problem is that the company continues to experience difficulties with integrating Carquest, as it seeks to follow in the footsteps of O'Reilly Automotive by becoming a leading dual store, incorporating both do-it-yourself and do-it-for-me solutions.
The latest results were mixed with comparable-store sales that turned positive after four straight quarters of declines. Moreover, the 3.1% increase was above the 0%-2% range forecast for 2017. However, operating income and margin continue to fall.
Data source: Advance Auto Parts presentations. Adjusted operating income in millions of US Dollars.
As Marvin Gaye once asked, what's going on?
Two factors helping sales
On balance, Advance Auto Parts had decent quarter of sales growth. As discussed, the 3.1% increase is impressive enough -- and the initial market reaction to the results was to send the stock up a few percentage points. However, there were a couple of favorable issues in the quarter.
First, New Year's Day fell in the fourth quarter of 2015, but it will fall in the first quarter of 2017. That means the fourth quarter of 2016 had a normal day of sales compared with the same period in 2015, which had New Year's Day in it. The issue came up on the earnings call, with Evercore analyst Greg Merich positing that it was worth 100 basis points of revenue growth. In response, CEO Tom Greco wouldn't specify but said the positive impact was "not insignificant."
Second, cold weather in December created "exceptional winter-related demand in December," according to Greco, as harsh weather tends to lead to an increased need for car-part replacements.
As a consequence, Greco suggested, "Net, it will be important to look at our business across Q4 and Q1 combined to get a true picture of our sales growth improvement." That's a particularly pertinent point, because the first quarter will contain New Year's Day and no one knows if an early spring will occur and reduce demand for auto parts.
That said, a look at comparable-store sales growth compared with O'Reilly Automotive -- which wasn't affected by a New Year's Day shift but also saw strong weather-related sales in December -- shows that Advance Auto Parts finally had a sales quarter comparable with its closest peer. Even if you take off 100 basis points for the New Year's Day shift, Advance's adjusted 2.1% would be decent compared with O'Reilly's 4.8%.
Margin analysis
Greco outlined three reasons for the margin decline, each of which was responsible for around a third of the decline.
First, "planned and proactive steps" to reduce inventory levels hurt operating profits. Investors can't complain too much, because inventory reduction measures were flagged up earlier, and as the following middle chart shows, Advance Auto Parts held much more inventory relative to its sales compared with O'Reilly Automotive and AutoZone.
Incidentally, I've included the receivables and payables data so readers can get a better appreciation of the opportunity Advance Auto Parts has to improve performance simply by collecting money more quickly (reducing days sales outstanding) and taking longer to pay suppliers (increasing days payable outstanding).
ORLY days payables outstanding (annual) data by YCharts
Second, management made "incremental investments to better serve" its customers. You can think of these measures as a necessary part of the turnaround plan.
Third, and more worryingly, CFO Tom Okray referred to "performance shortfalls in a few concentrated cost lines," with Greco describing them as "completely unacceptable." While Okray has a plan to fix the issues and claimed they won't be a part of the company's cost structure in the future, the shortfalls are still a sign of how difficult the Carquest integration is proving to be.
Looking ahead
On balance, it was a positive quarter for Advance Auto Parts, but now the company needs to deliver a couple of quarters of solid sales growth -- comparable to its peers -- without any significant hits to margin from integration difficulties. Advance Auto Parts is on the right path, but it still has a long road ahead.
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 February 6, 2017
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.
|
Did Advance Auto Parts Inc. (NYSE: AAP) just have a good or bad quarter? On the other hand, the sales figures were flattened by a couple of non-recurring factors, and the adjusted operating margin decline to 6% from 7.7% in the same period last year says management still has a lot of work to do. The problem is that the company continues to experience difficulties with integrating Carquest, as it seeks to follow in the footsteps of O'Reilly Automotive by becoming a leading dual store, incorporating both do-it-yourself and do-it-for-me solutions.
|
Did Advance Auto Parts Inc. (NYSE: AAP) just have a good or bad quarter? The 3.1% increase in comparable-store sales, after four straight quarters of declines, certainly suggests the company is starting to generate traction with its turnaround plans. Sales up, margin down For those unfamiliar with the investment case for Advance Auto Parts, we can start by observing that the company has an opportunity to play catch-up with the kind of operating margin, cash flow generation, and sales growth that peers such as O'Reilly Automotive Inc. (NASDAQ: ORLY) and AutoZone Inc .
|
Did Advance Auto Parts Inc. (NYSE: AAP) just have a good or bad quarter? Sales up, margin down For those unfamiliar with the investment case for Advance Auto Parts, we can start by observing that the company has an opportunity to play catch-up with the kind of operating margin, cash flow generation, and sales growth that peers such as O'Reilly Automotive Inc. (NASDAQ: ORLY) and AutoZone Inc . That said, a look at comparable-store sales growth compared with O'Reilly Automotive -- which wasn't affected by a New Year's Day shift but also saw strong weather-related sales in December -- shows that Advance Auto Parts finally had a sales quarter comparable with its closest peer.
|
Did Advance Auto Parts Inc. (NYSE: AAP) just have a good or bad quarter? Even if you take off 100 basis points for the New Year's Day shift, Advance's adjusted 2.1% would be decent compared with O'Reilly's 4.8%. Looking ahead On balance, it was a positive quarter for Advance Auto Parts, but now the company needs to deliver a couple of quarters of solid sales growth -- comparable to its peers -- without any significant hits to margin from integration difficulties.
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11602.0
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2017-02-24 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Advance Auto Parts, Tesla Motors, General Motors, 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-advance-auto-parts-tesla-motors-general-motors-ford
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nan
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nan
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For Immediate Release
Chicago, IL - February 24, 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 Advance Auto Parts, Inc. (NYSE: AAP - Free Report ), Tesla Motors, Inc. (NASDAQ: TSLA - Free Report ), General Motors Company (NYSE: GM - Free Report ), Ford Motor Co. (NYSE: F - 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: AAP, TSLA Report Q4 Earnings
The auto sector saw mixed developments in the past week, however, most of the companies from this space witnessed positive stock price movement. Advance Auto Parts, Inc. (NYSE: AAP - Free Report ) and Tesla Motors, Inc. (NASDAQ: TSLA - Free Report ) reported fourth-quarter 2016 results.
General Motors Company's (NYSE: GM - Free Report ) sale of Opel may be likely as officials support the deal, while Ford Motor Co. (NYSE: F - Free Report ) is planning to go ahead with its prior plan to open two plants in Mexico.
Toyota Motor Corporation (NYSE: TM - Free Report ) has partnered with Shell to build hydrogen fueling stations to support its hydrogen fuel-based vehicles.
(Read the previous roundup here: Auto Stock Roundup for Feb 16, 2017 )
Recap of the Week's Most Important Stories
1. Advance Auto Parts posted adjusted earnings of $1.00 per share in the fourth quarter of 2016 lagging the Zacks Consensus Estimate of $1.09. Earnings fell 18% from $1.22 per share recorded in the fourth quarter of 2015. Revenues came in at $2.08 billion, 2.5% higher than the year-ago quarter. Further, revenues surpassed the Zacks Consensus Estimate of $2.01 billion.
Adjusted earnings for 2016 fell 8.6% to $7.15 per share from $7.82 earned in 2015. Earnings also missed the Zacks Consensus Estimate of $7.24. Revenues for 2016 declined 1.7% to $9.57 billion from $9.74 billion in 2015, but exceeded the Zacks Consensus Estimate of $9.5 billion.
Advance Auto Parts' total store count was 5,189, including 127 Worldpac branches as of Dec 31, 2016. Advance Auto Parts served roughly 1,250 independently owned Carquest stores as of the above-mentioned date. (Read more: Advance Auto Parts Misses on Q4 Earnings, Beats Sales )
Advance Auto Parts carries a Zacks Rank #3 (Hold).
2. Tesla's adjusted loss in the fourth quarter of 2016 came in at $1.25 per share, compared with a loss of $2.44 in the year-ago quarter. However, the loss was wider than the Zacks Consensus Estimate of $1.19. Revenues soared 88% year over year to $2.28 billion, surpassing the Zacks Consensus Estimate of $2.2 billion.
For full-year 2016, Tesla reported an adjusted loss of $5.19 per share, compared with the loss of $6.93 reported in 2015. The loss was wider than the Zacks Consensus Estimate of $4.73. Revenues for the year stood at $7 billion, up from the $4.05 billion recorded in 2015. The figure narrowly beat the Zacks Consensus Estimate of $6.9 billion.
Tesla targets 47,000−50,000 vehicle deliveries in the first half of 2017, representing a 61−71% growth year over year. Moreover, in the first quarter of 2017, the company expects automotive gross margin to improve to the third quarter of 2016 level and continue to expand in the second quarter of 2017. The company remains on track to begin production of Model 3 in Jul 2017, and anticipates capital expenditure between $2 billion and $2.5 billion prior to the commencement of the production. (Read More: Tesla Q4 Loss Wider than Expected, Revenues Beat )
Tesla carries a Zacks Rank #4 (Sell).
3. General Motors has been in talks with France's PSA Group to sell its underperforming European business - Opel. However, union workers were demanding the security of German factories and workers, which accounts for about 19,000 Opel employees. Recent assurances by PSA Group have resulted in German officials supporting the deal. General Motors could receive up to $1 billion in cash if the deal is finalized. Moreover, the company will be able to spend more of its resources on new technology based ventures.
General Motors currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
4. Ford has decided to go forward with its prior plan to open two auto-parts plants in Mexico this year. This comes amid the pressure faced by U.S. auto manufacturers to prevent outsourcing of production to low-cost labor countries. Earlier, Ford had discarded its $1.6 billion plan to build a small-car production plant in Mexico. However, the two facilities scheduled to begin production this year have been under way since 2015. The engines and transmissions manufactured at the plants will be supplied to other Ford factories in the world. The projects are expected to cost the company $2.5 billion and will have employee strength of 3,800.
Ford carries a Zacks Rank #3.
5. Toyota and Shell have announced a partnership to build seven hydrogen fueling stations in California. The companies are expected to contribute $11.4 million toward the project while The California Energy Commission (CEC) posted a Notice of Proposed Award (NOPA) worth $16.4 million which could be provided to the companies. Toyota aims to sell 3,000 hydrogen vehicles this year and 30,000 vehicles in 2020. (Read More: Toyota Ties Up with Shell for Hydrogen Vehicles Stations )
Toyota carries a Zacks Rank #3.Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .
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 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.
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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 >>.
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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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Advance Auto Parts Inc (AAP): Free Stock Analysis Report
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General Motors Company (GM): 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.
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 Advance Auto Parts, Inc. (NYSE: AAP - Free Report ), Tesla Motors, Inc. (NASDAQ: TSLA - Free Report ), General Motors Company (NYSE: GM - Free Report ), Ford Motor Co. (NYSE: F - Free Report ) and Toyota Motor Corporation (NYSE: TM - Free Report ) . Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup: AAP, TSLA Report Q4 Earnings The auto sector saw mixed developments in the past week, however, most of the companies from this space witnessed positive stock price movement. Advance Auto Parts, Inc. (NYSE: AAP - Free Report ) and Tesla Motors, Inc. (NASDAQ: TSLA - Free Report ) reported fourth-quarter 2016 results.
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Stocks recently featured in the blog include Advance Auto Parts, Inc. (NYSE: AAP - Free Report ), Tesla Motors, Inc. (NASDAQ: TSLA - Free Report ), General Motors Company (NYSE: GM - Free Report ), Ford Motor Co. (NYSE: F - Free Report ) and Toyota Motor Corporation (NYSE: TM - Free Report ) . Advance Auto Parts, Inc. (NYSE: AAP - Free Report ) and Tesla Motors, Inc. (NASDAQ: TSLA - Free Report ) reported fourth-quarter 2016 results. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Tesla Motors, Inc. (TSLA): Free Stock Analysis Report General Motors Company (GM): 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 Advance Auto Parts, Inc. (NYSE: AAP - Free Report ), Tesla Motors, Inc. (NASDAQ: TSLA - Free Report ), General Motors Company (NYSE: GM - Free Report ), Ford Motor Co. (NYSE: F - Free Report ) and Toyota Motor Corporation (NYSE: TM - Free Report ) . Get the full Report on AAP - FREE Get the full Report on TSLA - FREE Get the full Report on GM - 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 Advance Auto Parts Inc (AAP): Free Stock Analysis Report Tesla Motors, Inc. (TSLA): Free Stock Analysis Report General Motors Company (GM): 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 Advance Auto Parts, Inc. (NYSE: AAP - Free Report ), Tesla Motors, Inc. (NASDAQ: TSLA - Free Report ), General Motors Company (NYSE: GM - Free Report ), Ford Motor Co. (NYSE: F - Free Report ) and Toyota Motor Corporation (NYSE: TM - Free Report ) . Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup: AAP, TSLA Report Q4 Earnings The auto sector saw mixed developments in the past week, however, most of the companies from this space witnessed positive stock price movement. Advance Auto Parts, Inc. (NYSE: AAP - Free Report ) and Tesla Motors, Inc. (NASDAQ: TSLA - Free Report ) reported fourth-quarter 2016 results.
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11603.0
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2017-02-23 00:00:00 UTC
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Auto Stock Roundup: Advance Auto Parts (AAP) & Tesla (TSLA) Report Q4 Results
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-advance-auto-parts-aap-tesla-tsla-report-q4-results-2017-02-23
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nan
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nan
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The auto sector saw mixed developments in the past week, however, most of the companies from this space witnessed positive stock price movement. Advance Auto Parts, Inc. AAP and Tesla Motors, Inc. TSLA reported fourth-quarter 2016 results.
General Motors Company's GM sale of Opel may be likely as officials support the deal, while Ford Motor Co. F is planning to go ahead with its prior plan to open two plants in Mexico.
Toyota Motor Corporation TM has partnered with Shell to build hydrogen fueling stations to support its hydrogen fuel-based vehicles.
(Read the previous roundup here: Auto Stock Roundup for Feb 16, 2017 )
Recap of the Week's Most Important Stories
1. Advance Auto Parts posted adjusted earnings of $1.00 per share in the fourth quarter of 2016 lagging the Zacks Consensus Estimate of $1.09. Earnings fell 18% from $1.22 per share recorded in the fourth quarter of 2015. Revenues came in at $2.08 billion, 2.5% higher than the year-ago quarter. Further, revenues surpassed the Zacks Consensus Estimate of $2.01 billion.
Adjusted earnings for 2016 fell 8.6% to $7.15 per share from $7.82 earned in 2015. Earnings also missed the Zacks Consensus Estimate of $7.24. Revenues for 2016 declined 1.7% to $9.57 billion from $9.74 billion in 2015, but exceeded the Zacks Consensus Estimate of $9.5 billion.
Advance Auto Parts' total store count was 5,189, including 127 Worldpac branches as of Dec 31, 2016. Advance Auto Parts served roughly 1,250 independently owned Carquest stores as of the above-mentioned date. (Read more: Advance Auto Parts Misses on Q4 Earnings, Beats Sales )
Advance Auto Parts carries a Zacks Rank #3 (Hold).
2. Tesla's adjusted loss in the fourth quarter of 2016 came in at $1.25 per share, compared with a loss of $2.44 in the year-ago quarter. However, the loss was wider than the Zacks Consensus Estimate of $1.19. Revenues soared 88% year over year to $2.28 billion, surpassing the Zacks Consensus Estimate of $2.2 billion.
For full-year 2016, Tesla reported an adjusted loss of $5.19 per share, compared with the loss of $6.93 reported in 2015. The loss was wider than the Zacks Consensus Estimate of $4.73. Revenues for the year stood at $7 billion, up from the $4.05 billion recorded in 2015. The figure narrowly beat the Zacks Consensus Estimate of $6.9 billion.
Tesla targets 47,000−50,000 vehicle deliveries in the first half of 2017, representing a 61−71% growth year over year. Moreover, in the first quarter of 2017, the company expects automotive gross margin to improve to the third quarter of 2016 level and continue to expand in the second quarter of 2017. The company remains on track to begin production of Model 3 in Jul 2017, and anticipates capital expenditure between $2 billion and $2.5 billion prior to the commencement of the production. (Read More: Tesla Q4 Loss Wider than Expected, Revenues Beat )
Tesla carries a Zacks Rank #4 (Sell).
3. General Motors has been in talks with France's PSA Group to sell its underperforming European business - Opel. However, union workers were demanding the security of German factories and workers, which accounts for about 19,000 Opel employees. Recent assurances by PSA Group have resulted in German officials supporting the deal. General Motors could receive up to $1 billion in cash if the deal is finalized. Moreover, the company will be able to spend more of its resources on new technology based ventures.
General Motors currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
4. Ford has decided to go forward with its prior plan to open two auto-parts plants in Mexico this year. This comes amid the pressure faced by U.S. auto manufacturers to prevent outsourcing of production to low-cost labor countries. Earlier, Ford had discarded its $1.6 billion plan to build a small-car production plant in Mexico. However, the two facilities scheduled to begin production this year have been under way since 2015. The engines and transmissions manufactured at the plants will be supplied to other Ford factories in the world. The projects are expected to cost the company $2.5 billion and will have employee strength of 3,800.
Ford carries a Zacks Rank #3.
5. Toyota and Shell have announced a partnership to build seven hydrogen fuelling stations in California. The companies are expected to contribute $11.4 million toward the project while The California Energy Commission (CEC) posted a Notice of Proposed Award (NOPA) worth $16.4 million which could be provided to the companies. Toyota aims to sell 3,000 hydrogen vehicles this year and 30,000 vehicles in 2020. (Read More: Toyota Ties Up with Shell for Hydrogen Vehicles Stations )
Toyota carries a Zacks Rank #3.
Performance
Most auto stocks recorded gains in the last week. Advance Auto Parts lost the most among the stocks listed below, while General Motors gained the most.
Over the last six months, Tesla was 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 auto-makers are expected to report the U.S. Feb 2017 sales in the coming week. An announcement regarding the likelihood of the PSA-Opel deal is also expected soon.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
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Ford Motor Company (F): Free Stock Analysis Report
Tesla Motors, 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
General Motors Company (GM): 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 and Tesla Motors, Inc. TSLA reported fourth-quarter 2016 results. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Tesla Motors, 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 General Motors Company (GM): Free Stock Analysis Report To read this article on Zacks.com click here. The auto sector saw mixed developments in the past week, however, most of the companies from this space witnessed positive stock price movement.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Tesla Motors, 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 General Motors Company (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP and Tesla Motors, Inc. TSLA reported fourth-quarter 2016 results. (Read more: Advance Auto Parts Misses on Q4 Earnings, Beats Sales ) Advance Auto Parts carries a Zacks Rank #3 (Hold).
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Tesla Motors, 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 General Motors Company (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP and Tesla Motors, Inc. TSLA reported fourth-quarter 2016 results. (Read more: Advance Auto Parts Misses on Q4 Earnings, Beats Sales ) Advance Auto Parts carries a Zacks Rank #3 (Hold).
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Advance Auto Parts, Inc. AAP and Tesla Motors, Inc. TSLA reported fourth-quarter 2016 results. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Tesla Motors, 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 General Motors Company (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts posted adjusted earnings of $1.00 per share in the fourth quarter of 2016 lagging the Zacks Consensus Estimate of $1.09.
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2017-02-21 00:00:00 UTC
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Advance Auto Parts (AAP) Misses on Q4 Earnings, Beats Sales
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-misses-on-q4-earnings-beats-sales-2017-02-21
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Advance Auto Parts Inc.AAP 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.
Advance Auto Parts Inc Price, Consensus and EPS Surprise
Advance Auto Parts Inc Price, Consensus and EPS Surprise | Advance Auto Parts Inc Quote
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 6 cents 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 5,062, 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.
Advance Auto Parts has underperformed the Zacks categorized Retail/Wholesale-Auto Parts industry over the past three months. The company's shares have lost 3.2% over this period, as against a 0.6% gain recorded by the industry.
Zacks Rank & Other Stocks to Consider
Advance Auto Parts currently carries a Zacks Rank #2 (Buy).
Other well-ranked stocks in the auto space include Spartan Motors Inc. SPAR , American Axle & Manufacturing Holdings, Inc. AXL and Ferrari N.V. RACE , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Spartan Motor has long-term expected growth rate of 15%.
American Axle has long-term expected growth rate of 8.07%.
Ferrari has long-term expected growth rate of 15.15%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks 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
American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report
Spartan Motors, Inc. (SPAR): Free Stock Analysis Report
Ferrari N.V. (RACE): 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 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. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Spartan Motors, Inc. (SPAR): Free Stock Analysis Report Ferrari N.V. (RACE): Free Stock Analysis Report To read this article on Zacks.com click here. The decrease in gross profit margin can be attributed to supply chain expenses and headwinds related to inventory level reductions.
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Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Spartan Motors, Inc. (SPAR): Free Stock Analysis Report Ferrari N.V. (RACE): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP 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. Advance Auto Parts Inc Price, Consensus and EPS Surprise Advance Auto Parts Inc Price, Consensus and EPS Surprise | Advance Auto Parts Inc Quote 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.
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Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Spartan Motors, Inc. (SPAR): Free Stock Analysis Report Ferrari N.V. (RACE): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP 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. Advance Auto Parts Inc Price, Consensus and EPS Surprise Advance Auto Parts Inc Price, Consensus and EPS Surprise | Advance Auto Parts Inc Quote 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.
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Advance Auto Parts Inc.AAP 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. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Spartan Motors, Inc. (SPAR): Free Stock Analysis Report Ferrari N.V. (RACE): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues improved 2.5% year over year to $2.08 billion and surpassed the Zacks Consensus Estimate of $2.01 billion.
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2017-02-21 00:00:00 UTC
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Advance Auto Parts (AAP) Q4 Earnings Trail Estimates
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q4-earnings-trail-estimates-2017-02-21
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Advance Auto Parts Inc.AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" customers. It 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 enhances profits through its relentless focus on store expansion. The company is poised to benefit as the auto industry continues to show stability with the increasing average age of vehicles, along with a rise in the number of miles driven.
Let's take a quick look at the company's fourth-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Advance Auto Parts for the fourth quarter has remained stable over the last month.
The company has delivered mixed earnings surprises. It has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters and missed in 2, with an average negative surprise of around 3.31%.
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 reported adjusted earnings of $1.00 per share, which missed the Zacks Consensus Estimate of $1.09. Adjusted earnings also decreased 18% from $1.22 recorded in the year-ago quarter.
Revenues
Advance Auto Parts logged revenues of $2.08 billion, surpassing the Zacks Consensus Estimate of $2.01 billion. Revenues increased year over year from $2.03 billion posted a year-ago quarter.
Key Stats/Developments to Note
Advance Auto Parts enhances profits through its relentless focus on store expansion. As of Dec 31, 2016, the company's total store count was 5,062, including 127 Worldpac branches. Advance Auto Parts served roughly 1,250 independently owned Carquest stores as of that date.
Zacks Rank
Advance Auto Parts currently has a Zacks Rank #2 (Buy), but that could change following its earnings report which was just released.
Market Reaction
Advance Auto Parts' shares were inactive following the release. 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 Parts' earnings report!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 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
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 is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" 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. It 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.
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Advance Auto Parts Inc.AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" 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. Advance Auto Parts enhances profits through its relentless focus on store expansion.
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Advance Auto Parts Inc.AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" 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. 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 reported adjusted earnings of $1.00 per share, which missed the Zacks Consensus Estimate of $1.09.
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Advance Auto Parts Inc.AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" 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. Estimate Trend & Surprise History Investors should note that the earnings estimate for Advance Auto Parts for the fourth quarter has remained stable over the last month.
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11606.0
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2017-02-21 00:00:00 UTC
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Noteworthy Tuesday Option Activity: AAP, KITE, HCI
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AAP
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity-aap-kite-hci-2017-02-21
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 5,289 contracts have traded so far, representing approximately 528,900 underlying shares. That amounts to about 47.1% of AAP's average daily trading volume over the past month of 1.1 million shares. Especially high volume was seen for the $165 strike call option expiring March 17, 2017 , with 2,475 contracts trading so far today, representing approximately 247,500 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $165 strike highlighted in orange:
Kite Pharma Inc (Symbol: KITE) options are showing a volume of 3,456 contracts thus far today. That number of contracts represents approximately 345,600 underlying shares, working out to a sizeable 46.7% of KITE's average daily trading volume over the past month, of 739,695 shares. Especially high volume was seen for the $50 strike put option expiring March 17, 2017 , with 1,256 contracts trading so far today, representing approximately 125,600 underlying shares of KITE. Below is a chart showing KITE's trailing twelve month trading history, with the $50 strike highlighted in orange:
And HCI Group Inc (Symbol: HCI) saw options trading volume of 420 contracts, representing approximately 42,000 underlying shares or approximately 45.9% of HCI's average daily trading volume over the past month, of 91,440 shares. Particularly high volume was seen for the $40 strike put option expiring March 17, 2017 , with 204 contracts trading so far today, representing approximately 20,400 underlying shares of HCI. Below is a chart showing HCI's trailing twelve month trading history, with the $40 strike highlighted in orange:
For the various different available expirations for AAP options , KITE options , or HCI 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 $165 strike call option expiring March 17, 2017 , with 2,475 contracts trading so far today, representing approximately 247,500 underlying shares of AAP. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 5,289 contracts have traded so far, representing approximately 528,900 underlying shares. That amounts to about 47.1% of AAP's average daily trading volume over the past month of 1.1 million shares.
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Especially high volume was seen for the $165 strike call option expiring March 17, 2017 , with 2,475 contracts trading so far today, representing approximately 247,500 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $165 strike highlighted in orange: Kite Pharma Inc (Symbol: KITE) options are showing a volume of 3,456 contracts thus far today. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 5,289 contracts have traded so far, representing approximately 528,900 underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 5,289 contracts have traded so far, representing approximately 528,900 underlying shares. That amounts to about 47.1% of AAP's average daily trading volume over the past month of 1.1 million shares. Especially high volume was seen for the $165 strike call option expiring March 17, 2017 , with 2,475 contracts trading so far today, representing approximately 247,500 underlying shares of AAP.
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Especially high volume was seen for the $165 strike call option expiring March 17, 2017 , with 2,475 contracts trading so far today, representing approximately 247,500 underlying shares of AAP. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 5,289 contracts have traded so far, representing approximately 528,900 underlying shares. That amounts to about 47.1% of AAP's average daily trading volume over the past month of 1.1 million shares.
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2017-02-20 00:00:00 UTC
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Pre-Market Earnings Report for February 21, 2017 : WMT, HD, MDT, ECL, GPC, HSIC, AAP, M, AER, WLK, WAB, SNI
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-february-21-2017-wmt-hd-mdt-ecl-gpc-hsic-aap-m-aer-wlk-wab-sni
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The following companies are expected to report earnings prior to market open on 02/21/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Wal-Mart Stores, Inc. ( WMT ) is reporting for the quarter ending January 31, 2017. The supermarket company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.29. This value represents a 13.42% decrease compared to the same quarter last year. In the past year WMT has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 2.08%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for WMT is 16.10 vs. an industry ratio of 21.50.
Home Depot, Inc. ( HD ) is reporting for the quarter ending January 31, 2017. The building company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.33. This value represents a 13.68% 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 4th calendar quarter where they beat the consensus by 1.27%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HD is 22.56 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Medtronic plc ( MDT ) is reporting for the quarter ending January 31, 2017. The medical products company's consensus earnings per share forecast from the 18 analysts that follow the stock is $1.11. This value represents a 4.72% increase compared to the same quarter last year. In the past year MDT 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 MDT is 17.30 vs. an industry ratio of 11.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Ecolab Inc. ( ECL ) is reporting for the quarter ending December 31, 2016. The chemical company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.28. This value represents a 4.92% increase compared to the same quarter last year. ECL missed the consensus earnings per share in the 4th calendar quarter of 2015 by -1.61%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ECL is 28.11 vs. an industry ratio of 13.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Genuine Parts Company ( GPC ) is reporting for the quarter ending December 31, 2016. The auto (truck) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.01. This value represents a 5.61% decrease compared to the same quarter last year. The last two quarters GPC had negative earnings surprises; the latest report they missed by -3.88%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for GPC is 21.98 vs. an industry ratio of 20.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Henry Schein, Inc. ( HSIC ) is reporting for the quarter ending December 31, 2016. The medical/dental supplies company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.84. This value represents a 10.18% increase compared to the same quarter last year. In the past year HSIC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.82%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for HSIC is 25.55 vs. an industry ratio of 8.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2016. The wholesale retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.09. This value represents a 10.66% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 22.32 vs. an industry ratio of 25.20.
Macy's Inc ( M ) is reporting for the quarter ending January 31, 2017. The retail company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.97. This value represents a 5.74% decrease compared to the same quarter last year. M missed the consensus earnings per share in the 4th calendar quarter of 2016 by -57.5%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for M is 10.63 vs. an industry ratio of 28.10.
Aercap Holdings N.V. ( AER ) is reporting for the quarter ending December 31, 2016. The financial services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.70. This value represents a 19.72% increase compared to the same quarter last year. AER missed the consensus earnings per share in the 4th calendar quarter of 2015 by -4.7%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AER is 7.28 vs. an industry ratio of 12.00.
Westlake Chemical Corporation ( WLK ) is reporting for the quarter ending December 31, 2016. The plastics company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.75. This value represents a 10.71% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for WLK is 18.63 vs. an industry ratio of 16.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Westinghouse Air Brake Technologies Corporation ( WAB ) is reporting for the quarter ending December 31, 2016. The transportation company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.94. This value represents a 10.48% decrease compared to the same quarter last year. The last two quarters WAB had negative earnings surprises; the latest report they missed by -5.05%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for WAB is 22.05 vs. an industry ratio of -229.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Scripps Networks Interactive, Inc ( SNI ) is reporting for the quarter ending December 31, 2016. The broadcast (radio/tv) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.05. This value represents a 22.22% decrease compared to the same quarter last year. In the past year SNI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 35.48%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for SNI is 14.54 vs. an industry ratio of 30.30.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 22.32 vs. an industry ratio of 25.20. The medical products company's consensus earnings per share forecast from the 18 analysts that follow the stock is $1.11.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 22.32 vs. an industry ratio of 25.20. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HD is 22.56 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 22.32 vs. an industry ratio of 25.20. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HD is 22.56 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 22.32 vs. an industry ratio of 25.20. In the past year WMT has beat the expectations every quarter.
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11608.0
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2017-02-17 00:00:00 UTC
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Advance Auto Parts (AAP) Q4 Earnings: What's in the Cards?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q4-earnings%3A-whats-in-the-cards-2017-02-17
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nan
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nan
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Advance Auto Parts Inc.AAP is expected to report fourth-quarter fiscal 2016 results before the market opens on Feb 21.
In the last quarter, the company posted a positive earnings surprise of 0.58%. Let's see how things are shaping up prior to this 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 drives profits through its continued focus on store expansion. During fiscal 2015, the company opened 121 stores. In the first nine months of fiscal 2016, the company opened 48 stores. The increase in store count ensures higher availability of parts to customers, thereby leading to increased sales volume. The company is also focused on sales execution, availability and delivery of products to generate positive comparable sales performance.
Advance Auto Parts has also undertaken cost-reduction initiatives. The company's selling, general and administrative expenses have been declining. In the first nine months of fiscal 2016, the company saw costs fall to $2.67 billion or 35.7% of sales from $2.79 billion or 36.2% in the prior-year period.
Advance Auto Parts has outperformed the Zacks categorized Retail/Wholesale-Auto Parts industry over the past six months. The company's shares have gained 2.6% over this period, as against a 0.7% decline recorded by the industry.
Earnings Whispers
Our proven model does not conclusively show that Advance Auto Parts is likely to beat 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 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at $1.09. 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 #2. Though a Zacks Rank #2 increases the predictive power of ESP, the company's ESP of 0.00% makes surprise prediction difficult.
Concurrently, we caution against Sell-rated stocks (#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:
Spartan Motors, Inc. SPAR has an Earnings ESP of +50% and sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Visteon Corporation VC has an Earnings ESP of +5.93% and a Zacks Rank #3.
WABCO Holdings Inc. WBC has an Earnings ESP of +2.08% and a Zacks Rank #3.
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Advance Auto Parts Inc (AAP): Free Stock Analysis Report
Visteon Corporation (VC): Free Stock Analysis Report
Wabco Holdings Inc. (WBC): Free Stock Analysis Report
Spartan Motors, Inc. (SPAR): 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 fourth-quarter fiscal 2016 results before the market opens on Feb 21. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Visteon Corporation (VC): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report Spartan Motors, Inc. (SPAR): Free Stock Analysis Report To read this article on Zacks.com click here. Concurrently, we caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Visteon Corporation (VC): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report Spartan Motors, Inc. (SPAR): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP is expected to report fourth-quarter fiscal 2016 results before the market opens on Feb 21. 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 drives profits through its continued focus on store expansion.
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Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Visteon Corporation (VC): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report Spartan Motors, Inc. (SPAR): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP is expected to report fourth-quarter fiscal 2016 results before the market opens on Feb 21. 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 drives profits through its continued focus on store expansion.
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Advance Auto Parts Inc.AAP is expected to report fourth-quarter fiscal 2016 results before the market opens on Feb 21. Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Visteon Corporation (VC): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report Spartan Motors, Inc. (SPAR): Free Stock Analysis Report To read this article on Zacks.com click here. The company's shares have gained 2.6% over this period, as against a 0.7% decline recorded by the industry.
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11609.0
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2017-02-17 00:00:00 UTC
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Pre-Market Earnings Report for February 21, 2017 : WMT, HD, MDT, ECL, GPC, HSIC, AAP, M, AER, WLK, WAB, SNI
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-february-21-2017-wmt-hd-mdt-ecl-gpc-hsic-aap-m-aer-wlk-wab-1
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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 02/21/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Wal-Mart Stores, Inc. ( WMT ) is reporting for the quarter ending January 31, 2017. The supermarket company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.30. This value represents a 12.75% decrease compared to the same quarter last year. In the past year WMT has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 2.08%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for WMT is 15.98 vs. an industry ratio of 21.50.
Home Depot, Inc. ( HD ) is reporting for the quarter ending January 31, 2017. The building company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.33. This value represents a 13.68% 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 4th calendar quarter where they beat the consensus by 1.27%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HD is 22.32 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Medtronic plc ( MDT ) is reporting for the quarter ending January 31, 2017. The medical products company's consensus earnings per share forecast from the 18 analysts that follow the stock is $1.11. This value represents a 4.72% increase compared to the same quarter last year. In the past year MDT 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 MDT is 17.10 vs. an industry ratio of 13.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Ecolab Inc. ( ECL ) is reporting for the quarter ending December 31, 2016. The chemical company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.28. This value represents a 4.92% increase compared to the same quarter last year. ECL missed the consensus earnings per share in the 4th calendar quarter of 2015 by -1.61%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ECL is 27.95 vs. an industry ratio of 13.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Genuine Parts Company ( GPC ) is reporting for the quarter ending December 31, 2016. The auto (truck) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.01. This value represents a 5.61% decrease compared to the same quarter last year. The last two quarters GPC had negative earnings surprises; the latest report they missed by -3.88%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for GPC is 21.67 vs. an industry ratio of 20.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Henry Schein, Inc. ( HSIC ) is reporting for the quarter ending December 31, 2016. The medical/dental supplies company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.84. This value represents a 10.18% increase compared to the same quarter last year. In the past year HSIC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.82%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for HSIC is 25.42 vs. an industry ratio of 8.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2016. The wholesale retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.09. This value represents a 10.66% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 22.24 vs. an industry ratio of 25.40.
Macy's Inc ( M ) is reporting for the quarter ending January 31, 2017. The retail company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.97. This value represents a 5.74% decrease compared to the same quarter last year. M missed the consensus earnings per share in the 4th calendar quarter of 2016 by -57.5%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for M is 10.47 vs. an industry ratio of 28.40.
Aercap Holdings N.V. ( AER ) is reporting for the quarter ending December 31, 2016. The financial services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.70. This value represents a 19.72% increase compared to the same quarter last year. AER missed the consensus earnings per share in the 4th calendar quarter of 2015 by -4.7%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AER is 7.30 vs. an industry ratio of 12.00.
Westlake Chemical Corporation ( WLK ) is reporting for the quarter ending December 31, 2016. The plastics company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.75. This value represents a 10.71% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for WLK is 18.93 vs. an industry ratio of 17.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Westinghouse Air Brake Technologies Corporation ( WAB ) is reporting for the quarter ending December 31, 2016. The transportation company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.94. This value represents a 10.48% decrease compared to the same quarter last year. The last two quarters WAB had negative earnings surprises; the latest report they missed by -5.05%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for WAB is 22.12 vs. an industry ratio of -233.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Scripps Networks Interactive, Inc ( SNI ) is reporting for the quarter ending December 31, 2016. The broadcast (radio/tv) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.05. This value represents a 22.22% decrease compared to the same quarter last year. In the past year SNI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 35.48%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for SNI is 14.74 vs. an industry ratio of 30.30.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 22.24 vs. an industry ratio of 25.40. The medical products company's consensus earnings per share forecast from the 18 analysts that follow the stock is $1.11.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 22.24 vs. an industry ratio of 25.40. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HD is 22.32 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 22.24 vs. an industry ratio of 25.40. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HD is 22.32 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 22.24 vs. an industry ratio of 25.40. In the past year WMT has beat the expectations every quarter.
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11610.0
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2017-02-16 00:00:00 UTC
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Auto Stock Roundup: Lear Raises Dividend; Ford, Tesla Outline Expansion Plans
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-lear-raises-dividend-ford-tesla-outline-expansion-plans-2017-02-16
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nan
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nan
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The auto sector saw mixed developments in the past week but most of the companies from this space witnessed positive stock price movement. Ford Motor Co. F announced new investments, while Lear Corporation LEA increased its authorized share repurchase program and quarterly dividends.
However, Tata Motors Limited TTM reported significantly weak quarterly results. Toyota Motor Corporation TM began the sales of its improved plug-in hybrid vehicle in Japan but also recalled all Mirai cars sold by it.
Tesla Motors, Inc. TSLA expanded into the Middle East with operations commencing in Dubai. The company also announced further expansion plans.
(Read the previous roundup here: Auto Stock Roundup for Feb 9, 2017 )
Recap of the Week's Most Important Stories
1. Ford has announced its decision to invest around $1 billion in Agro Al, an artificial intelligence company, over the next five years. The company is expected to develop a virtual driver system for Ford's autonomous vehicle, which is due to launch in 2021. Agro Al and Ford's autonomous vehicle software developers will collaborate to promote the commercialization of driverless cars. (Read more: Ford to Invest $1 Billion in Argo AI Over Next 5 years ).
Ford has also announced its decision to invest $200 million in an innovative aerodynamic testing facility that will simulate driving conditions to improve fuel economy. Construction of the 13-acre complex in Michigan is expected to commence this year.
Ford carries a Zacks Rank #3 (Hold).
2. Lear's current authorized share repurchase program has been increased to $1 billion and the repurchase period has been extended to Dec 31, 2019. The company began the program in 2011 and has bought back roughly 40% of its outstanding shares since, returning about $3.5 billion to shareholders.
Lear had roughly $341 million left under the repurchase program at the end of 2016. Moreover, the company has hiked its quarterly cash dividend on the common stock by 67%, increasing it from 30 cents a share to 50 cents.
Lear currently holds a Zacks Rank #2 (Buy).
3. Tata Motors recently reported results for the quarter ended Dec 31, 2016. The company's consolidated profit after tax for the quarter plunged 96.2% year over year. The company's bottom line was adversely affected by negative currency translations and a weak performance in the Jaguar Land Rover ("JLR") business segment. The JLR business witnessed weaker product mix and lower wholesale volumes in the quarter.
The company's commercial vehicles segment also saw lower demand due to the demonetization of high-value currencies in India. Management expects the JLR segment margins to be better in the next quarter, supported by new launches. However, it continues to face the risks related to Brexit as JLR units are primarily manufactured in the U.K. as well as the border tax that is being considered by the Trump administration.
Tata Motors currently carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
4. Toyota began sales of its revamped plug-in hybrid, Prius PHV, in Japan this week. The improved model has a longer cruising range and charges faster. The company began sales of the model in U.S. late last year under the name of Prius Prime. However, currently Toyota expects to sell just 2,500 PHV's per month in Japan. The company has sold over 10 million units of the Prius globally, since it went on sale in 1997.
Earlier in the week, Toyota also announced its decision to recall all 2,800 zero-emission Mirai cars that it has sold. The decision to recall the vehicles was due to problems in thier fuel cell system. The company will update the fuel cell system of the recalled cars at no expense to the customer.
Toyota carries a Zacks Rank #3.
5. Tesla has begun operations in Dubai, marking the company's entry into the Middle East. The company is currently taking orders online while a pop up store and a service centre in the city, due to open in July, are being constructed. Musk, Tesla CEO, also outlined plans to open a store and service centre in Abu Dhabi in 2018 and further expand to Oman, Bahrain and Saudi Arabia. The vehicles, expected to start delivering by Jul 2017, can currently be charged at home or across 28 locations across UAE, which the company hopes to expand to 50 by the end of 2017.
Further, Dubai's Road & Transport Authority (RTA) has also announced its decision to purchase 200 vehicles from the company. The RTA will be buying Model S sedans and Model X SUVs to be used by the Dubai Taxi Corporation. (Read more: Tesla Inks Deal to Sell 200 Electric Vehicles to Dubai's RTA ).
Tesla carries a Zacks Rank #4 (Sell).
Performance
Most auto stocks recorded gains in the last week. AutoZone, Inc. AZO was the only stock that posted a loss among the stocks listed below, while Tesla gained the most.
Over the last six months, Tesla was the biggest 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?
In the fourth-quarter earnings season currently underway, Tesla and Advance Auto Parts, Inc. AAP , among other automakers, are expected to report in the coming week.
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Ford Motor Company (F): Free Stock Analysis Report
Tesla Motors, Inc. (TSLA): Free Stock Analysis Report
Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report
Tata Motors Ltd (TTM): 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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In the fourth-quarter earnings season currently underway, Tesla and Advance Auto Parts, Inc. AAP , among other automakers, are expected to report in the coming week. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Tesla Motors, Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Tata Motors Ltd (TTM): 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's bottom line was adversely affected by negative currency translations and a weak performance in the Jaguar Land Rover ("JLR") business segment.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Tesla Motors, Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Tata Motors Ltd (TTM): 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. In the fourth-quarter earnings season currently underway, Tesla and Advance Auto Parts, Inc. AAP , among other automakers, are expected to report in the coming week. Ford Motor Co. F announced new investments, while Lear Corporation LEA increased its authorized share repurchase program and quarterly dividends.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Tesla Motors, Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Tata Motors Ltd (TTM): 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. In the fourth-quarter earnings season currently underway, Tesla and Advance Auto Parts, Inc. AAP , among other automakers, are expected to report in the coming week. Ford Motor Co. F announced new investments, while Lear Corporation LEA increased its authorized share repurchase program and quarterly dividends.
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In the fourth-quarter earnings season currently underway, Tesla and Advance Auto Parts, Inc. AAP , among other automakers, are expected to report in the coming week. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Tesla Motors, Inc. (TSLA): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Tata Motors Ltd (TTM): 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. Ford Motor Co. F announced new investments, while Lear Corporation LEA increased its authorized share repurchase program and quarterly dividends.
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11611.0
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2017-02-08 00:00:00 UTC
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Notable Wednesday Option Activity: ACOR, AAP, SBAC
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AAP
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https://www.nasdaq.com/articles/notable-wednesday-option-activity-acor-aap-sbac-2017-02-08
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Acorda Therapeutics Inc (Symbol: ACOR), where a total volume of 4,296 contracts has been traded thus far today, a contract volume which is representative of approximately 429,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80.9% of ACOR's average daily trading volume over the past month, of 531,055 shares. Especially high volume was seen for the $23 strike put option expiring March 17, 2017 , with 2,772 contracts trading so far today, representing approximately 277,200 underlying shares of ACOR. Below is a chart showing ACOR's trailing twelve month trading history, with the $23 strike highlighted in orange:
Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,455 contracts thus far today. That number of contracts represents approximately 745,500 underlying shares, working out to a sizeable 75.2% of AAP's average daily trading volume over the past month, of 990,925 shares. Especially high volume was seen for the $165 strike call option expiring February 17, 2017 , with 3,283 contracts trading so far today, representing approximately 328,300 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $165 strike highlighted in orange:
And SBA Communications Corp (Symbol: SBAC) saw options trading volume of 5,679 contracts, representing approximately 567,900 underlying shares or approximately 67.8% of SBAC's average daily trading volume over the past month, of 838,015 shares. Especially high volume was seen for the $110 strike call option expiring February 17, 2017 , with 3,815 contracts trading so far today, representing approximately 381,500 underlying shares of SBAC. Below is a chart showing SBAC's trailing twelve month trading history, with the $110 strike highlighted in orange:
For the various different available expirations for ACOR options , AAP options , or SBAC 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 $165 strike call option expiring February 17, 2017 , with 3,283 contracts trading so far today, representing approximately 328,300 underlying shares of AAP. Below is a chart showing ACOR's trailing twelve month trading history, with the $23 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,455 contracts thus far today. That number of contracts represents approximately 745,500 underlying shares, working out to a sizeable 75.2% of AAP's average daily trading volume over the past month, of 990,925 shares.
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Especially high volume was seen for the $165 strike call option expiring February 17, 2017 , with 3,283 contracts trading so far today, representing approximately 328,300 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $165 strike highlighted in orange: And SBA Communications Corp (Symbol: SBAC) saw options trading volume of 5,679 contracts, representing approximately 567,900 underlying shares or approximately 67.8% of SBAC's average daily trading volume over the past month, of 838,015 shares. Below is a chart showing ACOR's trailing twelve month trading history, with the $23 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,455 contracts thus far today.
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Especially high volume was seen for the $165 strike call option expiring February 17, 2017 , with 3,283 contracts trading so far today, representing approximately 328,300 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $165 strike highlighted in orange: And SBA Communications Corp (Symbol: SBAC) saw options trading volume of 5,679 contracts, representing approximately 567,900 underlying shares or approximately 67.8% of SBAC's average daily trading volume over the past month, of 838,015 shares. Below is a chart showing ACOR's trailing twelve month trading history, with the $23 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,455 contracts thus far today.
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Especially high volume was seen for the $165 strike call option expiring February 17, 2017 , with 3,283 contracts trading so far today, representing approximately 328,300 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $165 strike highlighted in orange: And SBA Communications Corp (Symbol: SBAC) saw options trading volume of 5,679 contracts, representing approximately 567,900 underlying shares or approximately 67.8% of SBAC's average daily trading volume over the past month, of 838,015 shares. Below is a chart showing ACOR's trailing twelve month trading history, with the $23 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,455 contracts thus far today.
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11612.0
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2017-02-04 00:00:00 UTC
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Advance Auto Parts to announce earnings
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-announce-earnings-2017-02-04
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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 expected to post its quarterly results after the market closes on February 9. Analysts forecast fourth-quarter earnings of $1.09 per share, down from $1.32 during the same period last year. The stock has been trending lower over the last two months, and shares are currently down 4.4% on the year.
Technical Analysis
AAP was recently trading at $163.09, down $14.74 from its 12-month high and $31.50 above its 12-month low. Technical indicators for AAP are bearish and the stock is a weak downward trend. The stock has recent support above $159.70, and has resistance below $168.50. Of the 18 analysts who cover the stock, six rate it a "strong buy", two rate it a "buy", eight rate it a "hold", and two rate it a "strong sell". The stock receives S&P Capital IQ's 2 STARS "Sell" ranking.
Analyst's Thoughts
AAP has been trending lower over the last month, and the stock could use a solid earnings report to bring back investor enthusiasm. The company's third-quarter report was solid, with results topping estimates on both the top and bottom lines, but the stock rose too sharply on the news, and has recently been giving back some of those gains. If AAP is able to follow up last quarter's report with another solid set of numbers, I would expect to see the stock quickly erase a large portion of its recent losses. Analysts remain upbeat, setting a price target of $177.69 on the stock, which is 8.9% above its current trading price. Despite the bullish price target, the stock's recent weakness suggests that Wall Street will drive the stock even lower if the company's quarterly numbers disappoint.
The biggest concern right now for both Advance Auto and its biggest competitor AutoZone ( AZO ) is that Amazon ( AMZN ) is trying to aggressively move into the market. Amazon has recently made deals with some of the largest auto parts makers, and the news of these contracts hurt shares of all the major auto parts retailers. The good news for the sector is that a lot of parts are purchased in stores only after some assistance has been made by a sales rep, and a lot of the parts are very time sensitive and needed to keep cars on the road. Amazon is a concern, but it is not an immediate threat, and investors will come back into AAP as long as the quarterly numbers are not weaker than expected.
Stock Only Trade
If you're looking to establish a long stock position in AAP, consider buying the stock under $163.00. Sell if it falls below $146.50 or take profits if it gets to $187.50.
Bullish Trade
If you want a bullish hedged trade on the stock, consider a March 140/145 bull-put credit spread for a 60-cent credit. That's a potential 13.6% return (118.5% annualized*) and the stock would have to fall 10.7% to cause a problem.
Bearish Trade
If you want to take a bearish stance on the stock at this time, consider a March 175/180 bear-call credit spread for a $0.35 credit. That's a potential 7.5% return (65.4% annualized*) and the stock would have to rise 7.5% 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 March $160.00 covered call. Buy AAP shares (typically 100 shares, scale as appropriate), while selling the March $160.00 call for a debit of $154.80 per share. The trade has a target assigned return of 3.4%, and a target annualized return of 30.0% (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 expected to post its quarterly results after the market closes on February 9. Analyst's Thoughts AAP has been trending lower over the last month, and the stock could use a solid earnings report to bring back investor enthusiasm. If AAP is able to follow up last quarter's report with another solid set of numbers, I would expect to see the stock quickly erase a large portion of its recent losses.
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What's Happening Auto-parts retailer Advance Auto Parts ( AAP ) is expected to post its quarterly results after the market closes on February 9. Analyst's Thoughts AAP has been trending lower over the last month, and the stock could use a solid earnings report to bring back investor enthusiasm. Technical Analysis AAP was recently trading at $163.09, down $14.74 from its 12-month high and $31.50 above its 12-month low.
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Stock Only Trade If you're looking to establish a long stock position in AAP, consider buying the stock under $163.00. What's Happening Auto-parts retailer Advance Auto Parts ( AAP ) is expected to post its quarterly results after the market closes on February 9. Technical Analysis AAP was recently trading at $163.09, down $14.74 from its 12-month high and $31.50 above its 12-month low.
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Stock Only Trade If you're looking to establish a long stock position in AAP, consider buying the stock under $163.00. Buy AAP shares (typically 100 shares, scale as appropriate), while selling the March $160.00 call for a debit of $154.80 per share. What's Happening Auto-parts retailer Advance Auto Parts ( AAP ) is expected to post its quarterly results after the market closes on February 9.
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11613.0
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2017-02-03 00:00:00 UTC
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Diplomat Pharmacy (DPLO) Catches Eye: Stock Jumps 9.4%
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AAP
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https://www.nasdaq.com/articles/diplomat-pharmacy-dplo-catches-eye%3A-stock-jumps-9.4-2017-02-03
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nan
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nan
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Diplomat Pharmacy, Inc.DPLO was a big mover last session, as the company saw its shares rise above 9% on the day. The stock rallied after the company announced that it completed the acquisition of Houston, TX-based specialty pharmacy, and infusion services company, Affinity Biotech, Inc. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $12.50 to $14.19 in the past one-month time frame.
In the last 30 days, the company has seen five downward estimate revisions and the Zacks Consensus Estimate also moved lower, 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.
Diplomat Pharmacy currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Diplomat Pharmacy, Inc. Price
Diplomat Pharmacy, Inc. Price | Diplomat Pharmacy, Inc. Quote
A better-ranked stock from the broader Retail-Wholesale sector is Advance Auto Parts, Inc. AAP , which holds a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Is DPLO going up? Or down? Predict to see what others think: Up or Down
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks 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
Diplomat Pharmacy, Inc. (DPLO): 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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Diplomat Pharmacy, Inc. Price Diplomat Pharmacy, Inc. Price | Diplomat Pharmacy, Inc. Quote A better-ranked stock from the broader Retail-Wholesale sector is Advance Auto Parts, Inc. AAP , which holds a Zacks Rank #2 (Buy). Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Diplomat Pharmacy, Inc. (DPLO): Free Stock Analysis Report To read this article on Zacks.com click here. Diplomat Pharmacy, Inc.DPLO was a big mover last session, as the company saw its shares rise above 9% on the day.
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Diplomat Pharmacy, Inc. Price Diplomat Pharmacy, Inc. Price | Diplomat Pharmacy, Inc. Quote A better-ranked stock from the broader Retail-Wholesale sector is Advance Auto Parts, Inc. AAP , which holds a Zacks Rank #2 (Buy). Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Diplomat Pharmacy, Inc. (DPLO): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Diplomat Pharmacy, Inc. Price Diplomat Pharmacy, Inc. Price | Diplomat Pharmacy, Inc. Quote A better-ranked stock from the broader Retail-Wholesale sector is Advance Auto Parts, Inc. AAP , which holds a Zacks Rank #2 (Buy). Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Diplomat Pharmacy, Inc. (DPLO): Free Stock Analysis Report To read this article on Zacks.com click here. Predict to see what others think: Up or Down The Best Place to Start Your Stock Search Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge.
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Diplomat Pharmacy, Inc. Price Diplomat Pharmacy, Inc. Price | Diplomat Pharmacy, Inc. Quote A better-ranked stock from the broader Retail-Wholesale sector is Advance Auto Parts, Inc. AAP , which holds a Zacks Rank #2 (Buy). Click to get this free report Advance Auto Parts Inc (AAP): Free Stock Analysis Report Diplomat Pharmacy, Inc. (DPLO): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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11614.0
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2017-01-31 00:00:00 UTC
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Notable Tuesday Option Activity: AAP, RGR, AMZN
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AAP
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https://www.nasdaq.com/articles/notable-tuesday-option-activity-aap-rgr-amzn-2017-01-31
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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 Advance Auto Parts Inc (Symbol: AAP), where a total of 7,817 contracts have traded so far, representing approximately 781,700 underlying shares. That amounts to about 93.1% of AAP's average daily trading volume over the past month of 839,560 shares. Especially high volume was seen for the $165 strike call option expiring February 17, 2017 , with 2,686 contracts trading so far today, representing approximately 268,600 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $165 strike highlighted in orange:
Sturm, Ruger & Co., Inc. (Symbol: RGR) options are showing a volume of 1,596 contracts thus far today. That number of contracts represents approximately 159,600 underlying shares, working out to a sizeable 58.4% of RGR's average daily trading volume over the past month, of 273,305 shares. Especially high volume was seen for the $52.50 strike call option expiring February 17, 2017 , with 874 contracts trading so far today, representing approximately 87,400 underlying shares of RGR. Below is a chart showing RGR's trailing twelve month trading history, with the $52.50 strike highlighted in orange:
And Amazon.com Inc. (Symbol: AMZN) saw options trading volume of 20,028 contracts, representing approximately 2.0 million underlying shares or approximately 56% of AMZN's average daily trading volume over the past month, of 3.6 million shares. Particularly high volume was seen for the $920 strike call option expiring February 03, 2017 , with 752 contracts trading so far today, representing approximately 75,200 underlying shares of AMZN. Below is a chart showing AMZN's trailing twelve month trading history, with the $920 strike highlighted in orange:
For the various different available expirations for AAP options , RGR options , or AMZN 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 $165 strike call option expiring February 17, 2017 , with 2,686 contracts trading so far today, representing approximately 268,600 underlying shares of AAP. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 7,817 contracts have traded so far, representing approximately 781,700 underlying shares. That amounts to about 93.1% of AAP's average daily trading volume over the past month of 839,560 shares.
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Especially high volume was seen for the $165 strike call option expiring February 17, 2017 , with 2,686 contracts trading so far today, representing approximately 268,600 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $165 strike highlighted in orange: Sturm, Ruger & Co., Inc. (Symbol: RGR) options are showing a volume of 1,596 contracts thus far today. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 7,817 contracts have traded so far, representing approximately 781,700 underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 7,817 contracts have traded so far, representing approximately 781,700 underlying shares. Especially high volume was seen for the $165 strike call option expiring February 17, 2017 , with 2,686 contracts trading so far today, representing approximately 268,600 underlying shares of AAP. That amounts to about 93.1% of AAP's average daily trading volume over the past month of 839,560 shares.
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Especially high volume was seen for the $165 strike call option expiring February 17, 2017 , with 2,686 contracts trading so far today, representing approximately 268,600 underlying shares of AAP. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 7,817 contracts have traded so far, representing approximately 781,700 underlying shares. That amounts to about 93.1% of AAP's average daily trading volume over the past month of 839,560 shares.
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11615.0
|
2017-01-19 00:00:00 UTC
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10.5% of XLY Holdings Seeing Recent Insider Buys
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AAP
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https://www.nasdaq.com/articles/105-xly-holdings-seeing-recent-insider-buys-2017-01-19
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nan
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nan
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A look at the weighted underlying holdings of the Consumer Discretionary Select Sector SPDR Fund (Symbol: XLY) shows an impressive 10.5% of holdings on a weighted basis have experienced insider buying within the past six months.
Advance Auto Parts Inc (Symbol: AAP), which makes up 0.53% of the Consumer Discretionary Select Sector SPDR Fund (Symbol: XLY), has seen 7 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $61,734,990 worth of AAP, making it the #40 largest holding. The table below details the recent insider buying activity observed at AAP:
AAP - last trade: $173.98 - 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 0.53% of the Consumer Discretionary Select Sector SPDR Fund (Symbol: XLY), has seen 7 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: $173.98 - 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 $61,734,990 worth of AAP, making it the #40 largest holding.
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Advance Auto Parts Inc (Symbol: AAP), which makes up 0.53% of the Consumer Discretionary Select Sector SPDR Fund (Symbol: XLY), has seen 7 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: $173.98 - 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 $61,734,990 worth of AAP, making it the #40 largest holding.
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Advance Auto Parts Inc (Symbol: AAP), which makes up 0.53% of the Consumer Discretionary Select Sector SPDR Fund (Symbol: XLY), has seen 7 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: $173.98 - 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 $61,734,990 worth of AAP, making it the #40 largest holding.
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The table below details the recent insider buying activity observed at AAP: AAP - last trade: $173.98 - 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 0.53% of the Consumer Discretionary Select Sector SPDR Fund (Symbol: XLY), has seen 7 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $61,734,990 worth of AAP, making it the #40 largest holding.
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11616.0
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2016-12-20 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for December 21, 2016
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-december-21-2016-2016-12-20
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nan
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nan
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 21, 2016. A cash dividend payment of $0.06 per share is scheduled to be paid on January 06, 2017. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 14th quarter that AAP has paid the same dividend. At the current stock price of $173.82, the dividend yield is .14%.
The previous trading day's last sale of AAP was $173.82, representing a -2.25% decrease from the 52 week high of $177.83 and a 32.09% increase over the 52 week low of $131.59.
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 $6.09. Zacks Investment Research reports AAP's forecasted earnings growth in 2016 as -7.48%, compared to an industry average of 7.4%.
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.
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 2016 as -7.48%, compared to an industry average of 7.4%. 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 $6.09. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 21, 2016.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 14th 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 $6.09. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 21, 2016.
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11617.0
|
2016-12-01 00:00:00 UTC
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10.8% of FTXD Holdings Seeing Recent Insider Buys
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AAP
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https://www.nasdaq.com/articles/108-ftxd-holdings-seeing-recent-insider-buys-2016-12-01
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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 Nasdaq Retail ETF ( FTXD ) shows an impressive 10.8% of holdings on a weighted basis have experienced insider buying within the past six months.
Sysco Corp (Symbol: SYY), which makes up 8.07% of the First Trust Nasdaq Retail ETF ( FTXD ), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $169,442 worth of SYY, making it the #2 largest holding. The table below details the recent insider buying activity observed at SYY:
SYY - last trade: $53.25 - Recent Insider Buys:
And Advance Auto Parts Inc (Symbol: AAP), the #37 largest holding among components of the First Trust Nasdaq Retail ETF ( FTXD ), shows 7 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $8,164 worth of AAP, which represents approximately 0.39% 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: $169.72 - 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 SYY: SYY - last trade: $53.25 - Recent Insider Buys: And Advance Auto Parts Inc (Symbol: AAP), the #37 largest holding among components of the First Trust Nasdaq Retail ETF ( FTXD ), shows 7 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $8,164 worth of AAP, which represents approximately 0.39% 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: $169.72 - 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 SYY: SYY - last trade: $53.25 - Recent Insider Buys: And Advance Auto Parts Inc (Symbol: AAP), the #37 largest holding among components of the First Trust Nasdaq Retail ETF ( FTXD ), shows 7 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: $169.72 - 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 $8,164 worth of AAP, which represents approximately 0.39% of the ETF's total assets at last check.
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The table below details the recent insider buying activity observed at SYY: SYY - last trade: $53.25 - Recent Insider Buys: And Advance Auto Parts Inc (Symbol: AAP), the #37 largest holding among components of the First Trust Nasdaq Retail ETF ( FTXD ), shows 7 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: $169.72 - 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 $8,164 worth of AAP, which represents approximately 0.39% of the ETF's total assets at last check.
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The table below details the recent insider buying activity observed at SYY: SYY - last trade: $53.25 - Recent Insider Buys: And Advance Auto Parts Inc (Symbol: AAP), the #37 largest holding among components of the First Trust Nasdaq Retail ETF ( FTXD ), shows 7 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $8,164 worth of AAP, which represents approximately 0.39% 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: $169.72 - 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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11618.0
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2016-11-28 00:00:00 UTC
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Insider Bets Paying Off At AAP As New 52-Week High Reached
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AAP
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https://www.nasdaq.com/articles/insider-bets-paying-aap-new-52-week-high-reached-2016-11-28
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nan
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nan
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In trading on Monday, shares of Advance Auto Parts Inc (Symbol: AAP) touched a new 52-week high of $174.31/share. That's a 32.46% rise, or $42.72 per share from the 52-week low of $131.59 set back on 02/11/2016. That means at today's intraday high, any investor who purchased AAP stock any time over the past 52 weeks has an unrealized gain, including company insiders.
Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, AAP has seen 7 different instances of insiders buying over the trailing six month period.
The chart below shows where AAP has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Monday, AAP shares are changing hands at $171.15/share, slightly below the new 52-week high.
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 Monday, shares of Advance Auto Parts Inc (Symbol: AAP) touched a new 52-week high of $174.31/share. That means at today's intraday high, any investor who purchased AAP stock any time over the past 52 weeks has an unrealized gain, including company insiders. In afternoon trading on Monday, AAP shares are changing hands at $171.15/share, slightly below the new 52-week high.
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In afternoon trading on Monday, AAP shares are changing hands at $171.15/share, slightly below the new 52-week high. In trading on Monday, shares of Advance Auto Parts Inc (Symbol: AAP) touched a new 52-week high of $174.31/share. That means at today's intraday high, any investor who purchased AAP stock any time over the past 52 weeks has an unrealized gain, including company insiders.
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In trading on Monday, shares of Advance Auto Parts Inc (Symbol: AAP) touched a new 52-week high of $174.31/share. That means at today's intraday high, any investor who purchased AAP stock any time over the past 52 weeks has an unrealized gain, including company insiders. As summarized by the table below, AAP has seen 7 different instances of insiders buying over the trailing six month period.
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In trading on Monday, shares of Advance Auto Parts Inc (Symbol: AAP) touched a new 52-week high of $174.31/share. That means at today's intraday high, any investor who purchased AAP stock any time over the past 52 weeks has an unrealized gain, including company insiders. As summarized by the table below, AAP has seen 7 different instances of insiders buying over the trailing six month period.
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11619.0
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2016-11-22 00:00:00 UTC
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Has Advance Auto Parts Inc. Turned the Corner?
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AAP
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https://www.nasdaq.com/articles/has-advance-auto-parts-inc-turned-corner-2016-11-22
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nan
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nan
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Advance Auto Parts Inc. (NYSE: AAP) has certainly found the integration of Carquest stores to be a much-harder job than it originally expected, but the new management team has started off by giving investors what they want. Is this a sign that the company has finally turned the corner? And is it now ready to catch up with its sector peers AutoZone, Inc. (NYSE: AZO) and O'Reilly Automotive (NASDAQ: ORLY) ?
ORLY Operating Margin (TTM) data by YCharts .
Not getting better, but not getting worse
Unfortunately, it's not been plain sailing, and same-store sales growth has lagged that of its peers, while operating margin is seemingly in a downward trend. So what exactly was it about the recent third-quarter results that got the market so excited?
I think there were two key takeaways that prompted the market's reaction:
For the first time in a long while, same-store sales growth came in better than expected.
Management fleshed out a long-term outlook, which, if achieved, is bullish for the stock.
Let's tackle each point in turn. As you can see below, the same-store sales decline of only 1% was the best result in three quarters. CEO Tom Greco claimed that "to date, our investments have driven sales performance at a faster rate than expected" -- some good news at last.
AUTOZONE FIGURES ARE DOMESTIC SAME-STORE SALES AND ARE TO THE MOST RECENT COMPARABLE QUARTER. O'REILLY FIGURES ARE COMPARABLE SAME-STORE SALES. DATA SOURCE: COMPANY PRESENTATIONS. CHART BY AUTHOR.
Management's outlook
The key points from the company's earnings report included:
Positive comparable-sales growth in 2017 and "modest increase in operating margin"
Mid-single-digit comparable-sales growth by 2021
Improvement of 500 basis points in operating margin by 2021
$500 million in gross productivity over the next five years
To put these figures into context, analysts are forecasting $9.63 billion in sales for 2017 and assuming linear growth to a rate of 4% per annum in 2021, meaning revenue could be around $10.9 billion in 2021. Using the adjusted operating income margin of 9.7% in the third quarter as a base suggests that operating income margin could be 14.7% in 2021.
In other words, operating income could be $1.6 billion in 2021. In contrast, the average ratio of market cap to operating income for O'Reilly Automotive and AutoZone currently stands at 13.2, and using this figure means Advance Auto's market cap would be $21.1 billion in 2021, representing a 72% increase from today's $12.25 billion.
Three reasons to be optimistic
Of course, all of this sounds wonderful, but the previous management clearly thought it had a handle on the integration process as well. What makes things different this time?
There are three key signs that the current management might make a better fist of it.
First, although he was light on the details (for competitive reasons), Greco signaled that management now has a coherent and clear strategy in place, rather than reacting to difficulties created by the integration as the previous management appeared to be doing.
Second, as you can see in the chart below, the pace of consolidations (Carquest stores are consolidated with nearby Advance Auto Parts stores) has slowed. Greco's words offered details: "We dramatically reduced them by about a third, based on what we originally planned at the time of the deal itself." Meanwhile, conversions (Carquest stores are turned into Advance Auto Parts stores) have been "much more successful overall," according to Greco.
It's possible the disruptions caused by the pace of previous consolidations caused the faltering sales growth, and now the rate of consolidations is being slowed, Advance Auto Parts might get back to same store sales growth.
DATA SOURCE: ADVANCE AUTO PARTS INC. PRESENTATIONS. CHART BY AUTHOR.
Third, it appears that management previously overemphasized daily replenishment to stores in the Northeast. According to Greco, "We had more stores than we should have assigned to them, at a delivery frequency that was very difficult for them to execute flawlessly."
Shifting the distribution centers toward delivery three times a week has led to "much better fill rates, like significantly better, much better accuracy, and the general managers are much happier, and they're selling more," Greco added.
OLD CARS REQUIRE MORE MAINTENANCE -- GOOD NEWS FOR ADVANCE AUTO PARTS INC. IMAGE SOURCE: GETTY IMAGES.
Time to buy Advance Auto Parts stock?
All told, there is evidence to support the belief that eliminating previous mistakes with the integration will help matters significantly. Meanwhile, the long-term value opportunity remains in place. Clearly, the company has a long way to go before reaching the kind of performance achieved by O'Reilly Automotive and AutoZone, but this quarter's results and outlook act as a tentative marker for better days ahead.
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Lee Samaha has no position in any stocks mentioned, but intends to initiate a position in Advance Auto Parts in the coming days.The Motley Fool owns shares of O'Reilly Automotive. The Motley Fool recommends AutoZone. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. (NYSE: AAP) has certainly found the integration of Carquest stores to be a much-harder job than it originally expected, but the new management team has started off by giving investors what they want. Shifting the distribution centers toward delivery three times a week has led to "much better fill rates, like significantly better, much better accuracy, and the general managers are much happier, and they're selling more," Greco added. Clearly, the company has a long way to go before reaching the kind of performance achieved by O'Reilly Automotive and AutoZone, but this quarter's results and outlook act as a tentative marker for better days ahead.
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Advance Auto Parts Inc. (NYSE: AAP) has certainly found the integration of Carquest stores to be a much-harder job than it originally expected, but the new management team has started off by giving investors what they want. Management's outlook The key points from the company's earnings report included: Positive comparable-sales growth in 2017 and "modest increase in operating margin" Mid-single-digit comparable-sales growth by 2021 Improvement of 500 basis points in operating margin by 2021 $500 million in gross productivity over the next five years To put these figures into context, analysts are forecasting $9.63 billion in sales for 2017 and assuming linear growth to a rate of 4% per annum in 2021, meaning revenue could be around $10.9 billion in 2021. Second, as you can see in the chart below, the pace of consolidations (Carquest stores are consolidated with nearby Advance Auto Parts stores) has slowed.
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Advance Auto Parts Inc. (NYSE: AAP) has certainly found the integration of Carquest stores to be a much-harder job than it originally expected, but the new management team has started off by giving investors what they want. Management's outlook The key points from the company's earnings report included: Positive comparable-sales growth in 2017 and "modest increase in operating margin" Mid-single-digit comparable-sales growth by 2021 Improvement of 500 basis points in operating margin by 2021 $500 million in gross productivity over the next five years To put these figures into context, analysts are forecasting $9.63 billion in sales for 2017 and assuming linear growth to a rate of 4% per annum in 2021, meaning revenue could be around $10.9 billion in 2021. It's possible the disruptions caused by the pace of previous consolidations caused the faltering sales growth, and now the rate of consolidations is being slowed, Advance Auto Parts might get back to same store sales growth.
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Advance Auto Parts Inc. (NYSE: AAP) has certainly found the integration of Carquest stores to be a much-harder job than it originally expected, but the new management team has started off by giving investors what they want. I think there were two key takeaways that prompted the market's reaction: For the first time in a long while, same-store sales growth came in better than expected. Meanwhile, conversions (Carquest stores are turned into Advance Auto Parts stores) have been "much more successful overall," according to Greco.
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11620.0
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2016-11-16 00:00:00 UTC
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Company News for November 16, 2016
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AAP
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https://www.nasdaq.com/articles/company-news-for-november-16-2016-2016-11-16
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nan
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• Shares of Advance Auto Parts Inc. ( AAP ) surged 15% after announcing third quarter adjusted earnings per share of $1.73, beating the Zacks Consensus Estimate by a cent
• Dick's Sporting Goods Inc.'s ( DKS ) shares declined 6.9% after forecasting fourth quarter adjusted earnings per share between $1.19 and $1.31, contrary to the current Zacks Consensus Estimate of $1.32
• Shares of JD.com, Inc. ( JD ) jumped 11.4% after declaring a year-on-year increase of more than 31% in its third quarter revenues to $9,106 million, ahead of the Zacks Consensus Estimate of $9,020 million
• Reynolds American Inc.'s ( RAI ) shares increased 1.2% on news that the tobacco company has rejected British American Tobacco p.l.c.'s ( BTI ) acquisition offer of $47 billion
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
DICKS SPRTG GDS (DKS): Free Stock Analysis Report
JD.COM INC-ADR (JD): Free Stock Analysis Report
REYNOLDS AMER (RAI): Free Stock Analysis Report
BRITISH AM TOB (BTI): 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 Inc. ( AAP ) surged 15% after announcing third quarter adjusted earnings per share of $1.73, beating the Zacks Consensus Estimate by a cent • Dick's Sporting Goods Inc.'s ( DKS ) shares declined 6.9% after forecasting fourth quarter adjusted earnings per share between $1.19 and $1.31, contrary to the current Zacks Consensus Estimate of $1.32 • Shares of JD.com, Inc. ( JD ) jumped 11.4% after declaring a year-on-year increase of more than 31% in its third quarter revenues to $9,106 million, ahead of the Zacks Consensus Estimate of $9,020 million • Reynolds American Inc.'s ( RAI ) shares increased 1.2% on news that the tobacco company has rejected British American Tobacco p.l.c. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report JD.COM INC-ADR (JD): Free Stock Analysis Report REYNOLDS AMER (RAI): Free Stock Analysis Report BRITISH AM TOB (BTI): Free Stock Analysis Report To read this article on Zacks.com click here. 's ( BTI ) acquisition offer of $47 billion Want the latest recommendations from Zacks Investment Research?
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• Shares of Advance Auto Parts Inc. ( AAP ) surged 15% after announcing third quarter adjusted earnings per share of $1.73, beating the Zacks Consensus Estimate by a cent • Dick's Sporting Goods Inc.'s ( DKS ) shares declined 6.9% after forecasting fourth quarter adjusted earnings per share between $1.19 and $1.31, contrary to the current Zacks Consensus Estimate of $1.32 • Shares of JD.com, Inc. ( JD ) jumped 11.4% after declaring a year-on-year increase of more than 31% in its third quarter revenues to $9,106 million, ahead of the Zacks Consensus Estimate of $9,020 million • Reynolds American Inc.'s ( RAI ) shares increased 1.2% on news that the tobacco company has rejected British American Tobacco p.l.c. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report JD.COM INC-ADR (JD): Free Stock Analysis Report REYNOLDS AMER (RAI): Free Stock Analysis Report BRITISH AM TOB (BTI): 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 Advance Auto Parts Inc. ( AAP ) surged 15% after announcing third quarter adjusted earnings per share of $1.73, beating the Zacks Consensus Estimate by a cent • Dick's Sporting Goods Inc.'s ( DKS ) shares declined 6.9% after forecasting fourth quarter adjusted earnings per share between $1.19 and $1.31, contrary to the current Zacks Consensus Estimate of $1.32 • Shares of JD.com, Inc. ( JD ) jumped 11.4% after declaring a year-on-year increase of more than 31% in its third quarter revenues to $9,106 million, ahead of the Zacks Consensus Estimate of $9,020 million • Reynolds American Inc.'s ( RAI ) shares increased 1.2% on news that the tobacco company has rejected British American Tobacco p.l.c. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report JD.COM INC-ADR (JD): Free Stock Analysis Report REYNOLDS AMER (RAI): Free Stock Analysis Report BRITISH AM TOB (BTI): 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 Advance Auto Parts Inc. ( AAP ) surged 15% after announcing third quarter adjusted earnings per share of $1.73, beating the Zacks Consensus Estimate by a cent • Dick's Sporting Goods Inc.'s ( DKS ) shares declined 6.9% after forecasting fourth quarter adjusted earnings per share between $1.19 and $1.31, contrary to the current Zacks Consensus Estimate of $1.32 • Shares of JD.com, Inc. ( JD ) jumped 11.4% after declaring a year-on-year increase of more than 31% in its third quarter revenues to $9,106 million, ahead of the Zacks Consensus Estimate of $9,020 million • Reynolds American Inc.'s ( RAI ) shares increased 1.2% on news that the tobacco company has rejected British American Tobacco p.l.c. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report JD.COM INC-ADR (JD): Free Stock Analysis Report REYNOLDS AMER (RAI): Free Stock Analysis Report BRITISH AM TOB (BTI): 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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11621.0
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2016-11-16 00:00:00 UTC
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Advance Auto Parts (AAP) Jumps: Stock Moves 15% Higher
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-jumps%3A-stock-moves-15-higher-2016-11-16
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Advance Auto Parts Inc.AAP was a big mover last session, as the company saw its shares rise 15% on the day. The upside was driven by the company's announcement of better-than-expected results in third-quarter 2016. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $136.19 to $145.82 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days, while its Zacks Consensus Estimate moved lower, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher can last.
Advance Auto Parts has a Zacks Rank #4 (Sell).
ADVANCE AUTO PT Price
ADVANCE AUTO PT Price | ADVANCE AUTO PT Quote
A better-ranked stock in the same industry is Allison Transmission Holdings, Inc. ALSN , sporting 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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Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
ALLISON TRANSMN (ALSN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc.AAP was a big mover last session, as the company saw its shares rise 15% on the day. Is AAP going up? Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALLISON TRANSMN (ALSN): 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 PT (AAP): Free Stock Analysis Report ALLISON TRANSMN (ALSN): 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 15% on the day. Is AAP going up?
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALLISON TRANSMN (ALSN): 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 15% 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 15% on the day. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Is AAP going up?
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11622.0
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2016-11-15 00:00:00 UTC
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Mid-Day Market Update: Crude Oil Up Over 4%; Advance Auto Parts Shares Rise On Earnings Beat
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AAP
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https://www.nasdaq.com/articles/mid-day-market-update-crude-oil-over-4-advance-auto-parts-shares-rise-earnings-beat-2016
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Midway through trading Tuesday, the Dow traded down 0.14 percent to 18,841.88 while the NASDAQ climbed 0.82 percent to 5,261.23. The S&P also rose, gaining 0.32 percent to 2,171.16.
Leading and Lagging Sectors
On Tuesday, energy shares gained by 2.2 percent. Meanwhile, top gainers in the sector included Gran Tierra Energy Inc. (NYSE: GTE ), and Resolute Energy Corp (NYSE: REN ).
In trading on Tuesday, basic materials shares fell by 0.86 percent. Meanwhile, top losers in the sector included Vale SA (ADR) (NYSE: VALE ), down 5 percent, and Rio Tinto plc (ADR) (NYSE: RIO ), down 5 percent.
Top Headline
Home Depot Inc (NYSE: HD ) reported better-than-expected results for its third quarter.
Home Depot earned $1.60 per share in the quarter, beating analysts' estimates of $1.58 per share. Its revenue of $23.15 billion beat estimates by $0.1 billion.
Comparable worldwide store sales for the quarter rose 5.5 percent, while comparable store sales in the U.S. gained 5.9 percent.
Equities Trading UP
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP ) shares shot up 85 percent to $5.07 after surging 25.00 percent on Monday.
Shares of Advance Auto Parts, Inc. (NYSE: AAP ) got a boost, shooting up 15 percent to $164.21 as the company posted better-than-expected earnings for its third quarter on Monday.
Euroseas Ltd. (NASDAQ: ESEA ) shares were also up, gaining 85 percent to $4.06 after climbing 55.29 percent on Monday.
Equities Trading DOWN
Synthetic Biologics Inc (NYSE: SYN ) shares dropped 39 percent to $0.869. Synthetic Biologics priced 25 million shares at $1.00 per share.
Shares of Amplify Snack Brands Inc (NYSE: BETR ) were down 24 percent to $10.19 after the company posted downbeat quarterly earnings.
Globant SA (NYSE: GLOB ) was down, falling around 15 percent to $38.50. Globant posted Q3 earnings of $0.30 per share on revenue of $82.4 million. The company issued a weak earnings forecast for the current quarter. Globant also reported the acquisition of L4.
Commodities
In commodity news, oil traded up 4.39 percent to $45.87 while gold traded up 0.13 percent to $1,223.30.
Silver traded up 0.87 percent Tuesday to $17.04, while copper fell 1.01 percent to $2.50.
Eurozone
European shares were mixed today. The eurozone's STOXX 600 gained 0.27 percent, the Spanish Ibex Index rose 0.33 percent, while Italy's FTSE MIB Index fell 0.02 percent. Meanwhile the German DAX rose 0.39 percent, and the French CAC 40 climbed 0.62 percent while U.K. shares rose 0.59 percent.
Economics
U.S. retail sales rose 0.8 percent for October, versus economists' expectations for a 0.7 percent growth.
The NY Empire State manufacturing index increased to 1.50 for November, versus a prior reading of -6.80. Economists expected a reading of -2.50.
Import prices rose 0.50 percent in October, versus expectations for a 0.40 percent gain. Export prices gained 0.20 percent, compared to economists' estimates of a 0.20 percent growth.
The Johnson Redbook Retail Sales Index declined 0.1 percent during the first two weeks of November versus October.
U.S. business inventories rose 0.10 percent for September, versus economists' expectations for a 0.20 percent growth.
Dallas Federal Reserve Bank President Rob Kaplan is set to speak in Dallas at 1:30 p.m. ET.
Federal Reserve Vice Chairman Stanley Fischer will speak at the Brookings Institution in Washington, D.C. at 1:30 p.m. ET.
© 2016 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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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) got a boost, shooting up 15 percent to $164.21 as the company posted better-than-expected earnings for its third quarter on Monday. Shares of Amplify Snack Brands Inc (NYSE: BETR ) were down 24 percent to $10.19 after the company posted downbeat quarterly earnings. The Johnson Redbook Retail Sales Index declined 0.1 percent during the first two weeks of November versus October.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) got a boost, shooting up 15 percent to $164.21 as the company posted better-than-expected earnings for its third quarter on Monday. Meanwhile, top losers in the sector included Vale SA (ADR) (NYSE: VALE ), down 5 percent, and Rio Tinto plc (ADR) (NYSE: RIO ), down 5 percent. Comparable worldwide store sales for the quarter rose 5.5 percent, while comparable store sales in the U.S. gained 5.9 percent.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) got a boost, shooting up 15 percent to $164.21 as the company posted better-than-expected earnings for its third quarter on Monday. Euroseas Ltd. (NASDAQ: ESEA ) shares were also up, gaining 85 percent to $4.06 after climbing 55.29 percent on Monday. The eurozone's STOXX 600 gained 0.27 percent, the Spanish Ibex Index rose 0.33 percent, while Italy's FTSE MIB Index fell 0.02 percent.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) got a boost, shooting up 15 percent to $164.21 as the company posted better-than-expected earnings for its third quarter on Monday. Home Depot earned $1.60 per share in the quarter, beating analysts' estimates of $1.58 per share. Globant posted Q3 earnings of $0.30 per share on revenue of $82.4 million.
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11623.0
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2016-11-15 00:00:00 UTC
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Why Shares of Advance Auto Parts Are Soaring 14%
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AAP
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https://www.nasdaq.com/articles/why-shares-advance-auto-parts-are-soaring-14-2016-11-15
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nan
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Image source: Getty Images.
What happened
Shares of Advance Auto Parts (NYSE: AAP) , one of America's largest retailers of aftermarket automotive parts and accessories, are jumping 15% in morning trading on Tuesday after the company turned in a better-than-expected third quarter the day before.
So what
Advance Auto Parts' (AAP) top line checked in at $2.25 billion, marking a 2% decline from the prior year's third quarter, but still finishing ahead of analysts' $2.2 billion estimate. The bottom line had a similar theme, with AAP's adjusted earnings per share dropping to $1.73, down from $1.95 during the same period last year, but still ending ahead of analysts' estimates of $1.72 per share. Despite beating estimates, AAP posted a decline of 1% in comparable store sales. This result caused some disappointment -- a sentiment that CEO Tom Greco echoed.
"Our third quarter results reflect progress in driving our top line as the initiatives and investments we are making to stabilize and improve our sales performance began to take hold. While we delivered sequential improvement, our results are not where we want them to be and we remain relentlessly focused on taking the actions necessary to improve our execution and generate positive comparable sales performance," said Greco in a press release.
Now what
Going forward, increasing annual miles driven and an aging vehicle fleet bode well for AAP, but the real story will be if management can execute on its goal to increase operating margin by 500 basis points from 2017 to 2021. If management does indeed achieve that goal, better-than-expected quarters like this one will be more frequent.
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Daniel Miller has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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What happened Shares of Advance Auto Parts (NYSE: AAP) , one of America's largest retailers of aftermarket automotive parts and accessories, are jumping 15% in morning trading on Tuesday after the company turned in a better-than-expected third quarter the day before. So what Advance Auto Parts' (AAP) top line checked in at $2.25 billion, marking a 2% decline from the prior year's third quarter, but still finishing ahead of analysts' $2.2 billion estimate. The bottom line had a similar theme, with AAP's adjusted earnings per share dropping to $1.73, down from $1.95 during the same period last year, but still ending ahead of analysts' estimates of $1.72 per share.
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So what Advance Auto Parts' (AAP) top line checked in at $2.25 billion, marking a 2% decline from the prior year's third quarter, but still finishing ahead of analysts' $2.2 billion estimate. What happened Shares of Advance Auto Parts (NYSE: AAP) , one of America's largest retailers of aftermarket automotive parts and accessories, are jumping 15% in morning trading on Tuesday after the company turned in a better-than-expected third quarter the day before. The bottom line had a similar theme, with AAP's adjusted earnings per share dropping to $1.73, down from $1.95 during the same period last year, but still ending ahead of analysts' estimates of $1.72 per share.
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What happened Shares of Advance Auto Parts (NYSE: AAP) , one of America's largest retailers of aftermarket automotive parts and accessories, are jumping 15% in morning trading on Tuesday after the company turned in a better-than-expected third quarter the day before. So what Advance Auto Parts' (AAP) top line checked in at $2.25 billion, marking a 2% decline from the prior year's third quarter, but still finishing ahead of analysts' $2.2 billion estimate. The bottom line had a similar theme, with AAP's adjusted earnings per share dropping to $1.73, down from $1.95 during the same period last year, but still ending ahead of analysts' estimates of $1.72 per share.
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So what Advance Auto Parts' (AAP) top line checked in at $2.25 billion, marking a 2% decline from the prior year's third quarter, but still finishing ahead of analysts' $2.2 billion estimate. What happened Shares of Advance Auto Parts (NYSE: AAP) , one of America's largest retailers of aftermarket automotive parts and accessories, are jumping 15% in morning trading on Tuesday after the company turned in a better-than-expected third quarter the day before. The bottom line had a similar theme, with AAP's adjusted earnings per share dropping to $1.73, down from $1.95 during the same period last year, but still ending ahead of analysts' estimates of $1.72 per share.
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11624.0
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2016-11-15 00:00:00 UTC
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Advance Auto Parts Breaks Above 200-Day Moving Average - Bullish for AAP
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-breaks-above-200-day-moving-average-bullish-aap-2016-11-15
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nan
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nan
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In trading on Tuesday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed above their 200 day moving average of $153.94, changing hands as high as $166.15 per share. Advance Auto Parts Inc shares are currently trading up about 15.7% on the day. The chart below shows the one year performance of AAP shares, versus its 200 day moving average:
Looking at the chart above, AAP's low point in its 52 week range is $131.59 per share, with $172.87 as the 52 week high point - that compares with a last trade of $165.75.
According to the ETF Finder at ETF Channel, AAP makes up 1.28% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD) which is trading lower by about 0.1% on the day Tuesday.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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) crossed above their 200 day moving average of $153.94, changing hands as high as $166.15 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $131.59 per share, with $172.87 as the 52 week high point - that compares with a last trade of $165.75. According to the ETF Finder at ETF Channel, AAP makes up 1.28% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD) which is trading lower by about 0.1% on the day Tuesday.
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In trading on Tuesday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed above their 200 day moving average of $153.94, changing hands as high as $166.15 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $131.59 per share, with $172.87 as the 52 week high point - that compares with a last trade of $165.75. According to the ETF Finder at ETF Channel, AAP makes up 1.28% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD) which is trading lower by about 0.1% on the day Tuesday.
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In trading on Tuesday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed above their 200 day moving average of $153.94, changing hands as high as $166.15 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $131.59 per share, with $172.87 as the 52 week high point - that compares with a last trade of $165.75. According to the ETF Finder at ETF Channel, AAP makes up 1.28% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD) which is trading lower by about 0.1% on the day Tuesday.
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In trading on Tuesday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed above their 200 day moving average of $153.94, changing hands as high as $166.15 per share. According to the ETF Finder at ETF Channel, AAP makes up 1.28% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD) which is trading lower by about 0.1% on the day Tuesday. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $131.59 per share, with $172.87 as the 52 week high point - that compares with a last trade of $165.75.
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11625.0
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2016-11-15 00:00:00 UTC
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S&P 500 Movers: ENDP, AAP
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AAP
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https://www.nasdaq.com/articles/sp-500-movers-endp-aap-2016-11-15
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In early trading on Tuesday, shares of Advance Auto Parts ( AAP ) topped the list of the day's best performing components of the S&P 500 index, trading up 14.3%. Year to date, Advance Auto Parts registers a 8.5% gain.
And the worst performing S&P 500 component thus far on the day is Endo International ( ENDP ), trading down 5.5%. Endo International is lower by about 71.9% looking at the year to date performance.
Two other components making moves today are Allergan ( AGN ), trading down 5.1%, and Chesapeake Energy Corp. ( CHK ), trading up 7.7% on the day.
VIDEO: S&P 500 Movers: ENDP, 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 Tuesday, shares of Advance Auto Parts ( AAP ) topped the list of the day's best performing components of the S&P 500 index, trading up 14.3%. VIDEO: S&P 500 Movers: ENDP, AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Year to date, Advance Auto Parts registers a 8.5% gain.
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VIDEO: S&P 500 Movers: ENDP, AAP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Tuesday, shares of Advance Auto Parts ( AAP ) topped the list of the day's best performing components of the S&P 500 index, trading up 14.3%. Year to date, Advance Auto Parts registers a 8.5% gain.
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In early trading on Tuesday, shares of Advance Auto Parts ( AAP ) topped the list of the day's best performing components of the S&P 500 index, trading up 14.3%. VIDEO: S&P 500 Movers: ENDP, 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 Endo International ( ENDP ), trading down 5.5%.
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In early trading on Tuesday, shares of Advance Auto Parts ( AAP ) topped the list of the day's best performing components of the S&P 500 index, trading up 14.3%. VIDEO: S&P 500 Movers: ENDP, 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 Endo International ( ENDP ), trading down 5.5%.
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11626.0
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2016-11-15 00:00:00 UTC
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3 Stocks to Watch on Tuesday: Advance Auto Parts, Inc. (AAP), Berkshire Hathaway Inc. (BRK.B) and Equity One, Inc. (EQY)
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AAP
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https://www.nasdaq.com/articles/3-stocks-to-watch-on-tuesday%3A-advance-auto-parts-inc.-aap-berkshire-hathaway-inc.-brk.b
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips
U.S. equities experienced slight losses on a day when gold slipped down to its lowest price since June. The S&P 500 Index lost a fraction, the Dow Jones Industrial Average gained 0.1% and the Nasdaq Composite fell 0.4%.
Several companies made headlines after the bell, including Advance Auto Parts, Inc. (NYSE: AAP ), Berkshire Hathaway Inc. (NYSE: BRK.A , NYSE: BRK.B ) and Equity One, Inc. (NYSE: EQY ).
Here's how they did:
Advance Auto Parts, Inc. (AAP)
Advance Auto Parts released its quarterly earnings data Monday.
The company announced that it earned $1.53 a share in its third quarter of the current fiscal year, failing to reach the $1.63 a share it earned a year ago.
10 Best Cheap Stocks to Buy Now Under $10
The figure came in at $1.73 per share when adjusted for one-time items, which was better than the $1.71 a share analysts polled by FactSet predicted.
Advance Auto Parts' revenue came in at $2.25 billion, which was lower than the $2.30 billion it raked in a year ago. The consensus estimate called for net sales of $2.2 billion.
The company reported a 1% decline in same-store sales. Store closures also led to the company failing to rake in as much as it did last year, but beating estimates helped drive the stock upwards.
AAP shares popped 14% in early morning trading Tuesday.
Berkshire Hathaway Inc. (BRK.B)
Berkshire Hathaway CEO Warren Buffett assumed a position in four major airlines yesterday.
The billionaire investor put more than $1.2 billion into American Airlines Group Inc (NASDAQ: AAL ), Delta Air Lines, Inc. (NYSE: DAL ), United Continental Holdings Inc (NYSE: UAL ) and Southwest Airlines Co (NYSE: LUV ).
The move comes as a surprise considering the fact that Buffett has denounced airlines stocks due to high competition and volatile fuel prices, but it appears he is betting on at least one of these companies to pull ahead of the pack.
Berkshire's stake on American is worth $797 million, while his United and Delta ones are worth $238 million and $249 million. The details of the Southwest filing have yet to be released.
BRK.B shares are giving back 84 basis points after the bell Monday, while AAL stock was up 1.5%, DAL shares are down 50 basis points, UAL stock is rising 1.3% and LUV shares surged 1.5%.
Equity One, Inc. (EQY)
Equity One has reportedly agreed to merge with Regency Centers Corp (NYSE: REG ).
The $15.6 billion transaction between the real estate investment companies will reportedly keep Regency as the publicly traded company as it will take over Equity One's business.
The combined company will have a pro forma equity market capitalization of approximately $11.7 billion, while the total market capitalization will amount to $15.6 billion, creating the single largest real estate investment trust.
The new Regency Centers will have assets from both companies, which include development and redevelopment capacities that will help increase the value of company shares.
Target Corporation (TGT) Stock Holders Are in for a Wild Wednesday
"Through this transaction we are creating the nation's preeminent shopping center REIT with excellent embedded growth potential," said Martin E. "Hap" Stein, Jr., Chairman and Chief Executive Officer of Regency. "Importantly, we expect the transaction to be accretive to core FFO per share while preserving a sector-leading balance sheet, with greater financial flexibility to support growth initiatives."
EQY stock is up 14.8% after the bell Monday.
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The post 3 Stocks to Watch on Tuesday: Advance Auto Parts, Inc. (AAP), Berkshire Hathaway Inc. (BRK.B) and Equity One, Inc. (EQY) 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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Several companies made headlines after the bell, including Advance Auto Parts, Inc. (NYSE: AAP ), Berkshire Hathaway Inc. (NYSE: BRK.A , NYSE: BRK.B ) and Equity One, Inc. (NYSE: EQY ). Here's how they did: Advance Auto Parts, Inc. (AAP) Advance Auto Parts released its quarterly earnings data Monday. AAP shares popped 14% in early morning trading Tuesday.
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Several companies made headlines after the bell, including Advance Auto Parts, Inc. (NYSE: AAP ), Berkshire Hathaway Inc. (NYSE: BRK.A , NYSE: BRK.B ) and Equity One, Inc. (NYSE: EQY ). Here's how they did: Advance Auto Parts, Inc. (AAP) Advance Auto Parts released its quarterly earnings data Monday. AAP shares popped 14% in early morning trading Tuesday.
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Several companies made headlines after the bell, including Advance Auto Parts, Inc. (NYSE: AAP ), Berkshire Hathaway Inc. (NYSE: BRK.A , NYSE: BRK.B ) and Equity One, Inc. (NYSE: EQY ). More From InvestorPlace 7 Large-Cap Stocks That Will Ruin Your Retirement The 7 Best Dividend Stocks to Buy for 2017 The post 3 Stocks to Watch on Tuesday: Advance Auto Parts, Inc. (AAP), Berkshire Hathaway Inc. (BRK.B) and Equity One, Inc. (EQY) appeared first on InvestorPlace . Here's how they did: Advance Auto Parts, Inc. (AAP) Advance Auto Parts released its quarterly earnings data Monday.
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More From InvestorPlace 7 Large-Cap Stocks That Will Ruin Your Retirement The 7 Best Dividend Stocks to Buy for 2017 The post 3 Stocks to Watch on Tuesday: Advance Auto Parts, Inc. (AAP), Berkshire Hathaway Inc. (BRK.B) and Equity One, Inc. (EQY) appeared first on InvestorPlace . Several companies made headlines after the bell, including Advance Auto Parts, Inc. (NYSE: AAP ), Berkshire Hathaway Inc. (NYSE: BRK.A , NYSE: BRK.B ) and Equity One, Inc. (NYSE: EQY ). Here's how they did: Advance Auto Parts, Inc. (AAP) Advance Auto Parts released its quarterly earnings data Monday.
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11627.0
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2016-11-15 00:00:00 UTC
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Mid-Morning Market Update: Markets Mixed; Home Depot Beats Q3 Expectations
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AAP
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-mixed-home-depot-beats-q3-expectations-2016-11-15
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Following the market opening Tuesday, the Dow traded down 0.30 percent to 18,812.43 while the NASDAQ climbed 0.53 percent to 5,246.27. The S&P also rose, gaining 0.13 percent to 2,167.01.
Leading and Lagging Sectors
Tuesday morning, energy shares gained by 1.58 percent. Meanwhile, top gainers in the sector included Gran Tierra Energy Inc. (NYSE: GTE ), and Patterson-UTI Energy, Inc. (NASDAQ: PTEN ).
In trading on Tuesday, basic materials shares fell by 1.38 percent. Meanwhile, top losers in the sector included BHP Billiton plc (ADR) (NYSE: BBL ), down 6 percent, and Rio Tinto plc (ADR) (NYSE: RIO ), down 5 percent.
Top Headline
Home Depot Inc (NYSE: HD ) reported better-than-expected results for its third quarter.
Home Depot earned $1.60 per share in the quarter, beating analysts' estimates of $1.58 per share. Its revenue of $23.15 billion beat estimates by $0.1 billion.
Comparable worldwide store sales for the quarter rose 5.5 percent, while comparable store sales in the U.S. gained 5.9 percent.
Equities Trading UP
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP ) shares shot up 109 percent to $5.75 after surging 25.00 percent on Monday.
Shares of Advance Auto Parts, Inc. (NYSE: AAP ) got a boost, shooting up 13 percent to $161.83 as the company posted better-than-expected earnings for its third quarter on Monday.
TOP SHIPS Inc (NASDAQ: TOPS ) shares were also up, gaining 76 percent to $6.00 after gaining 20.14 percent on Monday.
Equities Trading DOWN
Synthetic Biologics Inc (NYSE: SYN ) shares dropped 37 percent to $0.905. Synthetic Biologics priced 25 million shares at $1.00 per share.
Shares of Amplify Snack Brands Inc (NYSE: BETR ) were down 25 percent to $10.07 after the company posted downbeat quarterly earnings.
Sito Mobile Ltd (NASDAQ: SITO ) was down, falling around 12 percent to $4.71. SITO Mobile reported Q3 earnings of $0.03 per share on revenue of $10.3 million.
Commodities
In commodity news, oil traded up 2.96 percent to $45.24 while gold traded up 0.03 percent to $1,222.00.
Silver traded up 0.19 percent Tuesday to $16.93, while copper fell 2.02 percent to $2.47.
Eurozone
European shares were mixed today. The eurozone's STOXX 600 fell 0.05 percent, the Spanish Ibex Index fell 0.10 percent, while Italy's FTSE MIB Index fell 0.77 percent. Meanwhile the German DAX rose 0.03 percent, and the French CAC 40 climbed 0.08 percent while U.K. shares rose 0.48 percent.
Economics
U.S. retail sales rose 0.8 percent for October, versus economists' expectations for a 0.7 percent growth.
The NY Empire State manufacturing index increased to 1.50 for November, versus a prior reading of -6.80. Economists expected a reading of -2.50.
Import prices rose 0.50 percent in October, versus expectations for a 0.40 percent gain. Export prices gained 0.20 percent, compared to economists' estimates of a 0.20 percent growth.
The Johnson Redbook Retail Sales Index declined 0.1 percent during the first two weeks of November versus October.
U.S. business inventories rose 0.10 percent for September, versus economists' expectations for a 0.20 percent growth.
The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
Dallas Federal Reserve Bank President Rob Kaplan is set to speak in Dallas at 1:30 p.m. ET.
Federal Reserve Vice Chairman Stanley Fischer will speak at the Brookings Institution in Washington, D.C. at 1:30 p.m. ET.
© 2016 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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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) got a boost, shooting up 13 percent to $161.83 as the company posted better-than-expected earnings for its third quarter on Monday. Shares of Amplify Snack Brands Inc (NYSE: BETR ) were down 25 percent to $10.07 after the company posted downbeat quarterly earnings. The Johnson Redbook Retail Sales Index declined 0.1 percent during the first two weeks of November versus October.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) got a boost, shooting up 13 percent to $161.83 as the company posted better-than-expected earnings for its third quarter on Monday. Meanwhile, top losers in the sector included BHP Billiton plc (ADR) (NYSE: BBL ), down 6 percent, and Rio Tinto plc (ADR) (NYSE: RIO ), down 5 percent. Comparable worldwide store sales for the quarter rose 5.5 percent, while comparable store sales in the U.S. gained 5.9 percent.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) got a boost, shooting up 13 percent to $161.83 as the company posted better-than-expected earnings for its third quarter on Monday. TOP SHIPS Inc (NASDAQ: TOPS ) shares were also up, gaining 76 percent to $6.00 after gaining 20.14 percent on Monday. The eurozone's STOXX 600 fell 0.05 percent, the Spanish Ibex Index fell 0.10 percent, while Italy's FTSE MIB Index fell 0.77 percent.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) got a boost, shooting up 13 percent to $161.83 as the company posted better-than-expected earnings for its third quarter on Monday. TOP SHIPS Inc (NASDAQ: TOPS ) shares were also up, gaining 76 percent to $6.00 after gaining 20.14 percent on Monday. SITO Mobile reported Q3 earnings of $0.03 per share on revenue of $10.3 million.
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11628.0
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2016-11-15 00:00:00 UTC
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Advance Auto Parts (AAP) Beats Earnings & Revenues in Q3
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-beats-earnings-revenues-in-q3-2016-11-15
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Advance Auto Parts Inc.AAP reported a decrease in adjusted earnings to $1.73 per share in the third quarter (ended Oct 8, 2016) of fiscal 2016 from $1.95 earned in the prior-year quarter. The figure surpassed the Zacks Consensus Estimate of $1.72. Adjusted net earnings declined to $128.6 million from $144.2 million in the third quarter of fiscal 2015.
Revenues dropped 2% year over year to $2.25 billion but surpassed the Zacks Consensus Estimate of $2.20 billion. The year-over-year decline in the top line was due to a fall in comparable store sales, store closures in 2015 and the effect of Carquest store consolidations. Comparable store sales fell 1% in the reported quarter as against 0.5% growth recorded a year ago.
Gross profit dropped to $988.2 million or 43.9% of sales in the reported quarter from $1.03 billion or 45.2% of sales a year ago. The decrease in gross profit margin can be attributed to supply chain expense and headwinds related to reducing inventory levels.
FindTheCompany | Graphiq
Comparable selling, general and administrative (SG&A) expenses totaled $770.6 million or 34.3% of sales in the quarter under review, compared with $788.6 million or 34.4% of sales in third-quarter fiscal 2015. The decrease in SG&A resulted from continued cost reduction initiatives, partially offset by investments in customer service initiatives.
Comparable operating income fell 10.8% to $217.6 million from $243.8 million in the prior-year quarter. Adjusted operating margin was 9.7% versus 10.6% a year ago.
Dividend
On Nov 8, 2016, the board of directors of Advance Auto Parts declared a regular quarterly dividend of 6 cents per share, payable on Jan 6, 2017, to stockholders on record as of Dec 23, 2016.
Financial Position
Advance Auto Parts had cash and cash equivalents of $119.5 million as of Oct 8, 2016, reflecting an increase from $90.8 million as of Jan 2, 2016. Total long-term debt was $1.04 billion as of Oct 8, 2016, compared with $1.21 billion as of Jan 2, 2016.
During the 40-week period ended Oct 8, 2016, operating cash flow was $409.4 million compared with $520.1 million in the year-ago period. Free cash flow in the said period amounted to $205.2 million compared with $358.9 million in the prior-year period. Capital expenditures amounted to $204.2 million compared with $161.2 million a year ago.
Store Update
As of Oct 8, 2016, the company's total store count was 5,058, including 127 Worldpac branches. Advance Auto Parts served roughly 1,250 independently owned Carquest stores as of that date.
ADVANCE AUTO PT Price, Consensus and EPS Surprise
ADVANCE AUTO PT Price, Consensus and EPS Surprise | ADVANCE AUTO PT Quote
Zacks Rank
Advance Auto Parts currently carries a Zacks Rank #4 (Sell). Some better-ranked auto stocks include America's Car-Mart Inc. CRMT , Gentex Corp. GNTX and Rush Enterprises, Inc. RUSHA .
America's Car-Mart has witnessed positive estimate revisions over the last 30 days. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Rush Enterprises, carrying a Zacks Rank #2 (Buy), has a long-term expected growth rate of 15%, compared to the industry average of 13.20%.
Gentex, also a Zacks Rank #2 stock, has a long-term expected growth rate of 11.20%.
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AMERICAS CAR-MT (CRMT): Free Stock Analysis Report
RUSH ENTRPRS-A (RUSHA): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENTEX CORP (GNTX): 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 decrease in adjusted earnings to $1.73 per share in the third quarter (ended Oct 8, 2016) of fiscal 2016 from $1.95 earned in the prior-year quarter. Click to get this free report AMERICAS CAR-MT (CRMT): Free Stock Analysis Report RUSH ENTRPRS-A (RUSHA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENTEX CORP (GNTX): Free Stock Analysis Report To read this article on Zacks.com click here. The decrease in gross profit margin can be attributed to supply chain expense and headwinds related to reducing inventory levels.
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Click to get this free report AMERICAS CAR-MT (CRMT): Free Stock Analysis Report RUSH ENTRPRS-A (RUSHA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENTEX CORP (GNTX): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reported a decrease in adjusted earnings to $1.73 per share in the third quarter (ended Oct 8, 2016) of fiscal 2016 from $1.95 earned in the prior-year quarter. ADVANCE AUTO PT Price, Consensus and EPS Surprise ADVANCE AUTO PT Price, Consensus and EPS Surprise | ADVANCE AUTO PT Quote Zacks Rank Advance Auto Parts currently carries a Zacks Rank #4 (Sell).
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Click to get this free report AMERICAS CAR-MT (CRMT): Free Stock Analysis Report RUSH ENTRPRS-A (RUSHA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENTEX CORP (GNTX): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reported a decrease in adjusted earnings to $1.73 per share in the third quarter (ended Oct 8, 2016) of fiscal 2016 from $1.95 earned in the prior-year quarter. FindTheCompany | Graphiq Comparable selling, general and administrative (SG&A) expenses totaled $770.6 million or 34.3% of sales in the quarter under review, compared with $788.6 million or 34.4% of sales in third-quarter fiscal 2015.
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Advance Auto Parts Inc.AAP reported a decrease in adjusted earnings to $1.73 per share in the third quarter (ended Oct 8, 2016) of fiscal 2016 from $1.95 earned in the prior-year quarter. Click to get this free report AMERICAS CAR-MT (CRMT): Free Stock Analysis Report RUSH ENTRPRS-A (RUSHA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENTEX CORP (GNTX): Free Stock Analysis Report To read this article on Zacks.com click here. Comparable store sales fell 1% in the reported quarter as against 0.5% growth recorded a year ago.
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11629.0
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2016-11-15 00:00:00 UTC
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Consumer Sector Update for 11/15/2016: ZOES,AAP,BETR
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https://www.nasdaq.com/articles/consumer-sector-update-11152016-zoesaapbetr-2016-11-15
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Top Consumer Stocks
WMT +1.23%
MCD +0.42%
DIS -0.13%
CVS -1.46%
KO +0.57%
Consumer stocks continued to add to moderate gains throughout today's trading, with shares of consumer staples companies in the S&P 500 rising about 0.6% while shares of consumer discretionary firms in the S&P 500 were advancing slightly about 0.4%.
In company news, Zoe's Kitchen ( ZOES ) fell Tuesday after the restaurant chain missed analyst estimates with its Q3 financial results, prompting at least one brokerage to lower its price target for the company's stock.
Excluding one-time items, the company earned $0.04 per share, down a penny from the same quarter last year and also lagging the Capital IQ consensus by $0.01 per share. Revenue rose 19.4% over year-ago levels to $67.3 million, trailing the $68.06 million consensus. Comparable restaurant sales increased 2.4%.
Following the sub-par results, Telsey Advisory today cut its price target for the stock by $10 to $26 a share, reiterating a Market Perform rating.
ZOES shares were down over 5% at $22.72 apiece, recovering somewhat from a prior slide to a session low of $20.78 a share.
In other sector news,
(+) AAP, Q3 EPS of $1.73 beats by $0.02 per share. Sales slip 1.7% to $2.25 bln but still top $2.2 bln consensus. Also, Raymond James upgrade to Strong Buy from Market Perform. RBC Capital Markets raises price target by $1 to $175 a share.
(-) BETR, Files for $100 mln mixed shelf offering and a secondary offering of 45.2 mln shares. Non-GAAP EPS of $0.12 misses by $0.03. Revenue rises 48.1% to $68 mln, beating $65.7 mln consensus. Credit Suisse downgrade to Neutral.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news, (+) AAP, Q3 EPS of $1.73 beats by $0.02 per share. Non-GAAP EPS of $0.12 misses by $0.03. In company news, Zoe's Kitchen ( ZOES ) fell Tuesday after the restaurant chain missed analyst estimates with its Q3 financial results, prompting at least one brokerage to lower its price target for the company's stock.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In other sector news, (+) AAP, Q3 EPS of $1.73 beats by $0.02 per share. Non-GAAP EPS of $0.12 misses by $0.03.
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In other sector news, (+) AAP, Q3 EPS of $1.73 beats by $0.02 per share. Non-GAAP EPS of $0.12 misses by $0.03. Consumer stocks continued to add to moderate gains throughout today's trading, with shares of consumer staples companies in the S&P 500 rising about 0.6% while shares of consumer discretionary firms in the S&P 500 were advancing slightly about 0.4%.
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In other sector news, (+) AAP, Q3 EPS of $1.73 beats by $0.02 per share. Non-GAAP EPS of $0.12 misses by $0.03. In company news, Zoe's Kitchen ( ZOES ) fell Tuesday after the restaurant chain missed analyst estimates with its Q3 financial results, prompting at least one brokerage to lower its price target for the company's stock.
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11630.0
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2016-11-15 00:00:00 UTC
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Daily Dividend Report: SU, ARMK, PEG, COH, AAP, SPB
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AAP
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https://www.nasdaq.com/articles/daily-dividend-report-su-armk-peg-coh-aap-spb-2016-11-15
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Suncor Energy has approved a quarterly dividend of $0.29 per share on its common shares, payable Dec. 23, 2016 to shareholders of record at the close of business on Dec. 2, 2016.
Aramark ( ARMK ) is increasing the regular quarterly dividend by 8% to 10.3 cents per share of common stock. The first quarter fiscal 2017 dividend, at the increased rate, will be payable on December 8, 2016, to stockholders of record at the close of business November 28, 2016.
Public Service Enterprise Group ( PEG ) declared a $0.41 per share dividend on the outstanding common stock of the company for the fourth quarter of 2016. All dividends for the fourth quarter are payable on or before December 30, 2016, to shareholders of record on December 9, 2016.
Coach ( COH ) has declared a quarterly cash dividend of $0.3375 per common share. The dividend is payable on January 3, 2017 to shareholders of record as of the close of business on December 9, 2016.
Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on January 6, 2017 to stockholders of record as of December 23, 2016.
Spectrum Brands Holdings ( SPB ) declared a quarterly dividend of $0.38 per share on the Company's common stock. The dividend is payable on December 15, 2016 to stockholders of record as of the close of business on November 30, 2016.
VIDEO: Daily Dividend Report: SU, ARMK, PEG, COH, AAP, SPB
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 ) declared a regular quarterly cash dividend of $0.06 per share to be paid on January 6, 2017 to stockholders of record as of December 23, 2016. VIDEO: Daily Dividend Report: SU, ARMK, PEG, COH, AAP, SPB The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The first quarter fiscal 2017 dividend, at the increased rate, will be payable on December 8, 2016, to stockholders of record at the close of business November 28, 2016.
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VIDEO: Daily Dividend Report: SU, ARMK, PEG, COH, AAP, SPB The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on January 6, 2017 to stockholders of record as of December 23, 2016. Suncor Energy has approved a quarterly dividend of $0.29 per share on its common shares, payable Dec. 23, 2016 to shareholders of record at the close of business on Dec. 2, 2016.
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Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on January 6, 2017 to stockholders of record as of December 23, 2016. VIDEO: Daily Dividend Report: SU, ARMK, PEG, COH, AAP, SPB The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Suncor Energy has approved a quarterly dividend of $0.29 per share on its common shares, payable Dec. 23, 2016 to shareholders of record at the close of business on Dec. 2, 2016.
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Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on January 6, 2017 to stockholders of record as of December 23, 2016. VIDEO: Daily Dividend Report: SU, ARMK, PEG, COH, AAP, SPB The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The first quarter fiscal 2017 dividend, at the increased rate, will be payable on December 8, 2016, to stockholders of record at the close of business November 28, 2016.
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11631.0
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2016-11-15 00:00:00 UTC
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Consumer Sector Update for 11/15/2016: SBH,AAP,BETR
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AAP
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https://www.nasdaq.com/articles/consumer-sector-update-11152016-sbhaapbetr-2016-11-15
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Top Consumer Stocks
WMT +0.46%
MCD -0.21%
DIS -0.27%
CVS -1.62%
KO +0.28%
Consumer stocks were moderately higher in recent trade, with shares of consumer staples companies in the S&P 500 adding about 0.4% while shares of consumer discretionary firms in the S&P 500 were advancing almost 0.2%.
In company news, Sally Beauty Holdings ( SBH ) fell Tuesday after the retailer today reported fiscal Q4 adjusted earnings and sales trailing Wall Street expectations and forecast FY17 sales also lagging the analyst mean.
Excluding one-time items, the company earned $0.41 per share during the three months ended Sept. 30, up from $0.38 per share during the same quarter last year but still missing the Capital IQ consensus by a penny. Net sales grew 1.3% over year-ago levels $976.4 million, lagging the $989.1 million consensus.
For the 12 months ending next September, the company is projecting 3% sales growth compared with trailing-year levels, implying about $4.07 billion in yearly sales and coming up slightly short of the $4.10 billion Street view.
SBH shares were down over 11% at $25.85 apiece, earlier dropping to a session low of $23.72 a share.
In other sector news,
(+) AAP, (+15.6%) Q3 EPS of $1.73 beats by $0.02 per share. Sales slip 1.7% to $2.25 bln but still top $2.2 bln consensus. Also, Raymond James upgrade to Strong Buy from Market Perform. RBC Capital Markets raises price target by $1 to $175 a share.
(-) BETR, (-24.1%) Files for $100 mln mixed shelf offering and a secondary offering of 45.2 mln shares. Non-GAAP EPS of $0.12 misses by $0.03. Revenue rises 48.1% to $68 mln, beating $65.7 mln consensus. Credit Suisse downgrade to Neutral.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news, (+) AAP, (+15.6%) Q3 EPS of $1.73 beats by $0.02 per share. Non-GAAP EPS of $0.12 misses by $0.03. In company news, Sally Beauty Holdings ( SBH ) fell Tuesday after the retailer today reported fiscal Q4 adjusted earnings and sales trailing Wall Street expectations and forecast FY17 sales also lagging the analyst mean.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In other sector news, (+) AAP, (+15.6%) Q3 EPS of $1.73 beats by $0.02 per share. Non-GAAP EPS of $0.12 misses by $0.03.
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In other sector news, (+) AAP, (+15.6%) Q3 EPS of $1.73 beats by $0.02 per share. Non-GAAP EPS of $0.12 misses by $0.03. Consumer stocks were moderately higher in recent trade, with shares of consumer staples companies in the S&P 500 adding about 0.4% while shares of consumer discretionary firms in the S&P 500 were advancing almost 0.2%.
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In other sector news, (+) AAP, (+15.6%) Q3 EPS of $1.73 beats by $0.02 per share. Non-GAAP EPS of $0.12 misses by $0.03. Top Consumer Stocks
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11632.0
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2016-11-14 00:00:00 UTC
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Interesting AAP Put And Call Options For January 2019
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AAP
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https://www.nasdaq.com/articles/interesting-aap-put-and-call-options-january-2019-2016-11-14
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2019 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 795 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAP options chain for the new January 2019 contracts and identified one put and one call contract of particular interest.
The put contract at the $145.00 strike price has a current bid of $19.80. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $145.00, but will also collect the premium, putting the cost basis of the shares at $125.20 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $145.96/share today.
Because the $145.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 13.66% return on the cash commitment, or 6.27% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $145.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $150.00 strike price has a current bid of $22.00. If an investor was to purchase shares of AAP stock at the current price level of $145.96/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $150.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 17.84% if the stock gets called away at the January 2019 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $150.00 strike highlighted in red:
Considering the fact that the $150.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 43%. On our website under the contract detail page for this contract , Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 15.07% boost of extra return to the investor, or 6.92% annualized, which we refer to as the YieldBoost .
The implied volatility in the put contract example is 27%, while the implied volatility in the call contract example is 30%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $145.96) to be 24%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $150.00 strike highlighted in red: Considering the fact that the $150.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2019 expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $150.00 strike highlighted in red: Considering the fact that the $150.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2019 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAP options chain for the new January 2019 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $150.00 strike highlighted in red: Considering the fact that the $150.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2019 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAP options chain for the new January 2019 contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel , our YieldBoost formula has looked up and down the AAP options chain for the new January 2019 contracts and identified one put and one call contract of particular interest. Below is a chart showing AAP's trailing twelve month trading history, with the $150.00 strike highlighted in red: Considering the fact that the $150.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2019 expiration.
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11633.0
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2016-11-14 00:00:00 UTC
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After-Hours Earnings Report for November 14, 2016 : AAP, WWD, HTHT, PAAS, GLOB, ALRM, BETR, ZOES, DXPE, DLNG, AST, HIL
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AAP
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https://www.nasdaq.com/articles/after-hours-earnings-report-november-14-2016-aap-wwd-htht-paas-glob-alrm-betr-zoes-dxpe
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The following companies are expected to report earnings after hours on 11/14/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2016. The wholesale retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.72. This value represents a 11.79% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 19.95 vs. an industry ratio of 22.70.
Woodward, Inc. ( WWD ) is reporting for the quarter ending September 30, 2016. The industrial company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.93. This value represents a 20.78% increase compared to the same quarter last year. WWD missed the consensus earnings per share in the 1st calendar quarter of 2016 by -4.41%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for WWD is 21.38 vs. an industry ratio of 25.60.
China Lodging Group, Limited ( HTHT ) is reporting for the quarter ending September 30, 2016. The hotel company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.56. This value represents a 1.82% increase compared to the same quarter last year. In the past year HTHT has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 76.32%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for HTHT is 26.61 vs. an industry ratio of 18.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Pan American Silver Corp. ( PAAS ) is reporting for the quarter ending September 30, 2016. The mining company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.13. This value represents a 316.67% increase compared to the same quarter last year. PAAS missed the consensus earnings per share in the 4th calendar quarter of 2015 by -50%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for PAAS is 38.97 vs. an industry ratio of 7.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Globant S.A. ( GLOB ) is reporting for the quarter ending September 30, 2016. The internet software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.29. This value represents a 26.09% increase compared to the same quarter last year. GLOB missed the consensus earnings per share in the 2nd calendar quarter of 2016 by -3.85%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for GLOB is 40.83 vs. an industry ratio of -1.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Alarm.com Holdings, Inc. ( ALRM ) is reporting for the quarter ending September 30, 2016. The protection safety company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.10. This value represents a 23.08% decrease compared to the same quarter last year. In the past year ALRM has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 30%. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ALRM is 66.78 vs. an industry ratio of 13.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Amplify Snack Brands, inc. ( BETR ) is reporting for the quarter ending September 30, 2016. The food company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.15. This value represents a 25.00% increase compared to the same quarter last year. The last two quarters BETR had negative earnings surprises; the latest report they missed by -6.67%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for BETR is 22.95 vs. an industry ratio of 17.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Zoe's Kitchen, Inc. ( ZOES ) is reporting for the quarter ending September 30, 2016. The restaurant company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.04. This value represents a 20.00% decrease compared to the same quarter last year. In the past year ZOES has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ZOES is 237.60 vs. an industry ratio of 30.20, implying that they will have a higher earnings growth than their competitors in the same industry.
DXP Enterprises, Inc. ( DXPE ) is reporting for the quarter ending September 30, 2016. The machinery company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.02. This value represents a 104.55% decrease compared to the same quarter last year. DXPE missed the consensus earnings per share in the 1st calendar quarter of 2016 by -488.89%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for DXPE is 632.75 vs. an industry ratio of 35.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Dynagas LNG Partners LP ( DLNG ) is reporting for the quarter ending September 30, 2016. The transportation services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.44. This value represents a 7.32% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for DLNG is 7.53 vs. an industry ratio of 45.10.
Asterias Biotherapeutics, Inc. ( AST ) is reporting for the quarter ending September 30, 2016. The consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.17. AST reported earnings of $-0.13 per share for the same quarter a year ago; representing a a increase of 30.77%.
Hill International, Inc. ( HIL ) is reporting for the quarter ending September 30, 2016. The consulting company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.09. This value represents a 50.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for HIL is 14.81 vs. an industry ratio of 24.90.
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, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 19.95 vs. an industry ratio of 22.70. The wholesale retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.72.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 19.95 vs. an industry ratio of 22.70. Zacks Investment Research reports that the 2016 Price to Earnings ratio for HTHT is 26.61 vs. an industry ratio of 18.70, 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, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 19.95 vs. an industry ratio of 22.70. Zacks Investment Research reports that the 2016 Price to Earnings ratio for HTHT is 26.61 vs. an industry ratio of 18.70, 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, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 19.95 vs. an industry ratio of 22.70. The industrial company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.93.
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11634.0
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2016-11-12 00:00:00 UTC
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Advance Auto Parts to report quarterly results
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-report-quarterly-results-2016-11-12
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What's Happening
Advance Auto Parts ( AAP ) is scheduled to report its third-quarter results after the market close on November 14. The consensus calls for earnings of $1.74 per share, down from $1.95 during the same period last year. The stock is down 3.9% on the year.
Technical Analysis
AAP was recently trading at $144.71, down $32.29 from its 12-month high and $13.12 above its 12-month low. Technical indicators for AAP are bearish and the stock is showing signs of a possible trend reversal. The stock has recent support above $134.10 and recent resistance below $147.25. Of the 16 analysts who cover the stock, five rate it a "strong buy", two rate it a "buy", seven rate it a "hold", and two rate it a "strong sell". The stock receives S&P Capital IQ's 2 STARS "Sell" ranking.
Analyst's Thoughts
The stock has been trending strongly lower since mid-summer, but shares have recently started to rebound, and are now close to break-even for the year. The consensus calls for 41.74, but the street's whisper number is slightly higher at $1.76. The company has reported negative earnings surprises the last two quarters, and if it is not able to post results in-line or better than expected for the third quarter, the stock could trend lower on the news. Genuine Parts ( GPC ) reported disappointing numbers last month that impacted the stock negatively, and does create some concern ahead of AAP's quarterly report. AAP did participate in the post-election rally, as did GPC, so it is clear that Wall Street believes the sector will benefit under a Trump presidency. Seeing the bullish move into the stock following the election, I would not be too concerned about the long-term impact of a report that misses estimates as long there is not a huge miss, and any short term weakness in the stock post-earnings could be viewed as a buying opportunity.
Stock Only Trade
If you're looking to establish a long stock position in AAP, consider buying the stock under $144.00. Sell if it falls below $129.00 or take profits if it gets to $165.50.
Bullish Trade
If you want a bullish hedged trade on the stock, consider a January 130/135 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 6.4% to cause a problem.
Bearish Trade
If you want to take a bearish stance on the stock at this time, consider a January 160/165 bear-call credit spread for a $0.25 credit. That's a potential 5.3% return (27.4% annualized*) and the stock would have to rise 10.7% 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 $145.00 covered call. Buy AAP shares (typically 100 shares, scale as appropriate), while selling the January $145.00 call for a debit of $137.90 per share. The trade has a target assigned return of 5.1%, and a target annualized return of 27.2% (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 Advance Auto Parts ( AAP ) is scheduled to report its third-quarter results after the market close on November 14. AAP did participate in the post-election rally, as did GPC, so it is clear that Wall Street believes the sector will benefit under a Trump presidency. Technical Analysis AAP was recently trading at $144.71, down $32.29 from its 12-month high and $13.12 above its 12-month low.
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Genuine Parts ( GPC ) reported disappointing numbers last month that impacted the stock negatively, and does create some concern ahead of AAP's quarterly report. Stock Only Trade If you're looking to establish a long stock position in AAP, consider buying the stock under $144.00. What's Happening Advance Auto Parts ( AAP ) is scheduled to report its third-quarter results after the market close on November 14.
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Stock Only Trade If you're looking to establish a long stock position in AAP, consider buying the stock under $144.00. What's Happening Advance Auto Parts ( AAP ) is scheduled to report its third-quarter results after the market close on November 14. Technical Analysis AAP was recently trading at $144.71, down $32.29 from its 12-month high and $13.12 above its 12-month low.
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What's Happening Advance Auto Parts ( AAP ) is scheduled to report its third-quarter results after the market close on November 14. Technical Analysis AAP was recently trading at $144.71, down $32.29 from its 12-month high and $13.12 above its 12-month low. Technical indicators for AAP are bearish and the stock is showing signs of a possible trend reversal.
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11635.0
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2016-11-11 00:00:00 UTC
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Auto Stocks' Q3 Earnings Lineup for Nov 14: AAP, PSIX, SORL
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AAP
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https://www.nasdaq.com/articles/auto-stocks-q3-earnings-lineup-for-nov-14%3A-aap-psix-sorl-2016-11-11
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nan
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nan
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The auto sector has been one of the worst performers this earnings season. Auto companies' results as of Nov 9, 2016 displayed a year-over-year decline of 8.2% in earnings and 1.1% in revenues, per our latest Earnings Outlook . In comparison, S&P 500 companies that have reported so far posted a 4% increase in earnings on a 2.7% rise in revenues.
The decline in U.S. auto sales in August and September affected the quarterly results of many automakers. The pressure to maintain attractive incentives and deals also strained their margins. Further, expenses related to safety recalls as well as the adverse impact of foreign currency translation remain headwinds for the sector.
Meanwhile, strong sales growth in China and Europe has been the primary driving factor for the auto sector in Q3. Moreover, low fuel prices are driving the sales of higher margin vehicle segments, such as SUVs and light trucks.
With all these factors in mind, let's see what awaits these three auto stocks that are slated to release third-quarter 2016 results on Nov 14.
Advance Auto Parts Inc.AAP has an Earnings ESP of 0.00% because the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at $1.74. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Advance Auto missed earnings in three of the last four quarters, posting a negative average surprise of 4.79%. The company carries a Zacks Rank #4 (Sell). (Read more: Advance Auto Parts Q3 Earnings: What's in Store? ).
ADVANCE AUTO PT Price and EPS Surprise
ADVANCE AUTO PT Price and EPS Surprise | ADVANCE AUTO PT Quote
Power Solutions International, Inc.PSIX currently has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 20 cents. We note that Power Solutions recorded an average negative surprise of 38.09% over the last four quarters. The company carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
POWER SOL INTL Price and EPS Surprise
POWER SOL INTL Price and EPS Surprise | POWER SOL INTL Quote
SORL Auto Parts, Inc.SORL has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at 16 cents. The company posted positive earnings surprises in two of the trailing four quarters, with an average positive surprise of 7.46%. SORL Auto Parts currently carries a Zacks Rank #3.
SORL AUTO PARTS Price and EPS Surprise
SORL AUTO PARTS Price and EPS Surprise | SORL AUTO PARTS Quote
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
SORL AUTO PARTS (SORL): Free Stock Analysis Report
POWER SOL INTL (PSIX): 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 has an Earnings ESP of 0.00% because the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at $1.74. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report SORL AUTO PARTS (SORL): Free Stock Analysis Report POWER SOL INTL (PSIX): Free Stock Analysis Report To read this article on Zacks.com click here. Further, expenses related to safety recalls as well as the adverse impact of foreign currency translation remain headwinds for the sector.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report SORL AUTO PARTS (SORL): Free Stock Analysis Report POWER SOL INTL (PSIX): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP has an Earnings ESP of 0.00% because the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at $1.74. ADVANCE AUTO PT Price and EPS Surprise ADVANCE AUTO PT Price and EPS Surprise | ADVANCE AUTO PT Quote Power Solutions International, Inc.PSIX currently has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 20 cents.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report SORL AUTO PARTS (SORL): Free Stock Analysis Report POWER SOL INTL (PSIX): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP has an Earnings ESP of 0.00% because the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at $1.74. ADVANCE AUTO PT Price and EPS Surprise ADVANCE AUTO PT Price and EPS Surprise | ADVANCE AUTO PT Quote Power Solutions International, Inc.PSIX currently has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 20 cents.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report SORL AUTO PARTS (SORL): Free Stock Analysis Report POWER SOL INTL (PSIX): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP has an Earnings ESP of 0.00% because the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at $1.74. Auto companies' results as of Nov 9, 2016 displayed a year-over-year decline of 8.2% in earnings and 1.1% in revenues, per our latest Earnings Outlook .
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11636.0
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2016-10-31 00:00:00 UTC
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Advance Auto Parts (AAP): Moving Average Crossover Alert
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap%3A-moving-average-crossover-alert-2016-10-31
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nan
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nan
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Advance Auto Parts Inc.AAP could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AAP broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved lower by 4.5% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AAP stock.
If that wasn't enough Advance Auto Parts isn't looking too great from an earnings estimate revision perspective either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a good sign of things to come.
Consider that in the last 30 days, 1 estimate have been reduced, while none has moved higher. Add this in to a similar move lower in the consensus estimate, and there is plenty of reason to be bearish here.
That is why we currently have a Zacks Rank #4 (Sell) on this stock and are looking for it to underperform in the weeks ahead. So either avoid this stock or consider jumping ship until the estimates and technical factors turn around for AAP. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Confidential from Zacks
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ADVANCE AUTO PT (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 could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AAP stock. Recently, the 50 Day Moving Average for AAP broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
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And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AAP stock. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
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Advance Auto Parts Inc.AAP could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AAP broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AAP stock.
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Advance Auto Parts Inc.AAP could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AAP broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AAP stock.
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11637.0
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2016-10-18 00:00:00 UTC
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Agree To Purchase Advance Auto Parts At $135, Earn 12.3% Annualized Using Options
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AAP
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https://www.nasdaq.com/articles/agree-purchase-advance-auto-parts-135-earn-123-annualized-using-options-2016-10-18
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nan
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nan
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Investors eyeing a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but tentative about paying the going market price of $142.43/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $135 strike, which has a bid at the time of this writing of $6.80. Collecting that bid as the premium represents a 5% return against the $135 commitment, or a 12.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $135 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Advance Auto Parts Inc sees its shares decline 5.2% and the contract is exercised (resulting in a cost basis of $128.20 per share before broker commissions, subtracting the $6.80 from $135), the only upside to the put seller is from collecting that premium for the 12.3% annualized rate of return.
Interestingly, that annualized 12.3% figure actually exceeds the 0.2% annualized dividend paid by Advance Auto Parts Inc by 12.1%, based on the current share price of $142.43. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 5.17% to reach the $135 strike price.
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.2% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $135 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the March 2017 put at the $135 strike for the 12.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Advance Auto Parts Inc (considering the last 253 trading day closing values as well as today's price of $142.43) to be 29%. For other put options contract ideas at the various different available expirations, visit the AAP Stock Options page of StockOptionsChannel.com.
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors eyeing a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but tentative about paying the going market price of $142.43/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.2% annualized dividend yield.
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Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors eyeing a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but tentative about paying the going market price of $142.43/share, might benefit from considering selling puts among the alternative strategies at their disposal. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.2% annualized dividend yield.
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In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.2% annualized dividend yield. Investors eyeing a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but tentative about paying the going market price of $142.43/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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Investors eyeing a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but tentative about paying the going market price of $142.43/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.2% annualized dividend yield.
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11638.0
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2016-10-18 00:00:00 UTC
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2 Longs And 2 Shorts to Watch: Week Of October 18, 2016
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AAP
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https://www.nasdaq.com/articles/2-longs-and-2-shorts-watch-week-october-18-2016-2016-10-18
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nan
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nan
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After another sloppy day on Wall Street Monday, we're going to feature shorts as well as longs for traders to consider in this choppy market.
On the short side, Advance Auto Parts Inc. (AAP) broke down from a wedge pattern on Monday, dropping 3.37 to 143.27 on 800,000 shares. Next support for the stock is in the 134-36 zone. The declining bottoms line for the stock, which has fallen from its high above 200 last November, points all the way down to 105-110.
G-III Apparel Group, Ltd. (GIII) has been falling its July 2015 high near 73 in a series of broken wedges and flags. It looks poised to break down from yet another flag, as the stock lost 93 cents, or 3.22%, to 27.97 on 463,700 shares traded Monday. The stock is right at declining trendline and lateral support, a break through which could lead to 22 next.
Among the longs, Exact Sciences Corporation (EXAS) popped 1.40, or 7.6%, to 19.73 on 3 million shares Monday. The move edged the stock above declining tops line resistance, and positions it right up against lateral resistance from its 2-month consolidation. A break of this resistance level at around 19.90 could get the stock to around 22 1/2-3/4, which is the double-top from August and September. Short interest of 10 times its average volume could also fuel the up-move as shorts cover on an advance.
NOVAN, INC. (NOVN) also had a very good day on Monday, up 1.56, or 8%, to 20.53, on 147,100 shares traded. The stock, which rallied after its IPO last month before pulling back in a falling wedge, has now broken out of the wedge. It also broke above lateral resistance at around 19 on Monday as it ran up to next lateral resistance at around 21 before backing off. A move through there could get the stock to 23 pretty quickly.
See Harry's video chart analysis on these and other stocks.
No holdings.
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 the short side, Advance Auto Parts Inc. (AAP) broke down from a wedge pattern on Monday, dropping 3.37 to 143.27 on 800,000 shares. After another sloppy day on Wall Street Monday, we're going to feature shorts as well as longs for traders to consider in this choppy market. G-III Apparel Group, Ltd. (GIII) has been falling its July 2015 high near 73 in a series of broken wedges and flags.
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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. On the short side, Advance Auto Parts Inc. (AAP) broke down from a wedge pattern on Monday, dropping 3.37 to 143.27 on 800,000 shares. It looks poised to break down from yet another flag, as the stock lost 93 cents, or 3.22%, to 27.97 on 463,700 shares traded Monday.
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On the short side, Advance Auto Parts Inc. (AAP) broke down from a wedge pattern on Monday, dropping 3.37 to 143.27 on 800,000 shares. It looks poised to break down from yet another flag, as the stock lost 93 cents, or 3.22%, to 27.97 on 463,700 shares traded Monday. The move edged the stock above declining tops line resistance, and positions it right up against lateral resistance from its 2-month consolidation.
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On the short side, Advance Auto Parts Inc. (AAP) broke down from a wedge pattern on Monday, dropping 3.37 to 143.27 on 800,000 shares. After another sloppy day on Wall Street Monday, we're going to feature shorts as well as longs for traders to consider in this choppy market. The stock is right at declining trendline and lateral support, a break through which could lead to 22 next.
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11639.0
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2016-10-07 00:00:00 UTC
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Stock Exchange: BBD, TAN, FSLR, APD, And AAP All Deserve Consideration
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AAP
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https://www.nasdaq.com/articles/stock-exchange-bbd-tan-fslr-apd-and-aap-all-deserve-consideration-2016-10-07
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nan
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nan
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By Jeff Miller :
Technical stock analysts are a rich source of new stock ideas. Those charts always suggesting something. Our trading models each specialize in a different time frame and level of risk. Each week, Felix and Oscar host a poker game. We listen in on current trading ideas in the few minutes beforehand. They like to call this their "Stock Exchange." I am the only human present, and the only one using fundamental analysis.
Their methods are excellent, as you will learn if you follow us for a few weeks. The entire group had a winning call on energy three weeks ago, without any input from the fundamentals.
Do the markets predict future events? Or should you use fundamentals to predict the markets?
That is the ongoing debate at the Stock Exchange.
This Week's Ideas
Our technical experts have varying ideas this week. As usual, I am skeptical, but let us give each of them a chance.
Felix
"I look for long-term themes, and I have a great one this week. I see a great chart for Banco Bradesco ( BBD ). The YTD is strong and steady. Brazil is as tumultuous as ever, except this time they might be improving their banking system."
[Jeff] "How do you know about bank reform? Have you been fraternizing with those foreign models again?"
[Felix] "Would you believe it is just a conclusion from the chart?"
[Jeff] "Also, the CEO is under indictment for tax fraud."
[Felix] "The chart tells you that the company and the market have moved past that issue. Take a look."
[Felix]
richjoy403 of Seeking Alpha asks:
As usual, I answered through Jeff Miller , who could not resist adding his own comment.
Another question from Seeking Alpha's dls680 :
Jeff Miller and I responded:
[Felix] "Please keep your questions coming. I could use the overtime pay."
Oscar
"It's been a tough month for Odell Beckham Jr. In a stark contrast to last year's superstar performance, he's slumped his way through the first 4 weeks of the NFL season without a single touchdown. However, sharp-eyed analysts see Sunday night's matchup against the Green Bay Packers as a chance to get back on track.
What we're really talking about here, of course, is mean reversion. When you have a promising player who is underperforming, you don't expect them to flame out entirely. You're looking for the big comeback game!"
[Jeff] "Do you have some stock advice here?"
[Oscar] "Of course! I was just explaining how you should look at stocks. Take a look at the Guggenheim Solar ETF ( TAN ). It's been a rough year, to be sure, but I can't possibly imagine this sector limping along at $20 indefinitely."
"First Solar ( FSLR ) is one of the key holdings in TAN as well as in our custom sector basket. It is a great example. We're starting to see rebounds here after a possibly overdone correction in early August. I'm expecting to see significant gains over the next 4-week period."
[Jeff] "Your pick this week is also attracting some fundamental analysts, including this one on Seeking Alpha, who calls FSLR a 'unique value and growth play.'"
[Oscar] "What does he think about the Cubs?"
[Jeff] "You are incorrigible! Let's see what Holmes has for us this week."
Holmes
"Oscar is looking for a rebound in his pick, but I am the rebounding specialist. Air Products and Chemicals ( APD ) came off its recent high of $145.72, and went straight down 7 straight sessions before bottoming and starting a nice little zigzag run up and to the right. That is a stock with rebound potential! I would look for this stock to get back to its highs with a downside stop at $133.75."
[Jeff]
[Holmes] "There are plenty of those folks around!"
Athena
"I have a great choice this week, Advance Auto Parts ( AAP ). This one's been in the doghouse following an 18% drop last November, but I'm predicting an upside here."
[Jeff] "Even after the drop, the stock is still overvalued by 30% or so, according to Chuck Carnevale's first-rate methods ."
[Athena] "I am sure that Mr. Carnevale is very nice, but my wisdom has been accurate for many centuries."
[Jeff] "It might be a bit out of date. I have been looking for some guests to help keep this group in line. Perhaps we can persuade him to visit."
[Athena] "That would be fine. I am always willing to share my wisdom."
Questions
If you want an opinion about a specific stock or sector, even those we did not mention, just ask! Put questions in the comments. Address them to a specific expert if you wish. Each has a specialty. Who is your favorite? (You are allowed to choose me, although my feelings will not be hurt very much if you prefer one of the models.)
Cast of Characters
Felix is fussy, precise, and very cautious. He looks for what is working, but it also must have upside potential. He is an investor who thinks long term. Felix will not usually announce new picks, but he will answer questions, saying what he thinks about specific stocks. He will also comment on favorite themes and sectors.
Oscar is naturally optimistic and a bit excitable. He definitely likes to go with winners and focuses on a one-month time frame. He trades either sector ETFs or a basket of stocks (equally weighted) that reflect a sector. Oscar will mention a favorite sector each week, and will also answer questions about sectors.
Holmes is a trader, but a cautious one. Holmes emphasizes asset protection through profit-taking, stops, and trailing stops. He is careful in selecting new positions, and generally looks at an intermediate time frame. While he does not know the definition of "mean reversion," he loves rebounds! There is no set holding period, but two or three months is not unusual. Holmes will tell us one stock recommended that week. For those who sign up for his email list (no charge, privacy respected, holmes at newarc dot com), he will report exits with a one-day delay.
Athena trades more frequently than the others, but still limits risk. Her inspiration helps to find good ideas. Her excellent quant skills find attractive risk/reward opportunities. Her wisdom leads her to exit trades that are not working. Athena will provide a new idea each week.
Jeff usually has some comments about stock or market fundamentals. Unlike the other witty participants, he sounds like an old prof.
An Important Note to Readers - From Jeff
All of the characters (except me!) are models, carefully engineered and tested by one of the leading developers of the last 30 years. I humanize them to make it easier to understand the characteristics in their design. I always remind readers that my posts are informational, not investment advice, and that is especially true here. While we are trading based upon all four models, we are always watching and can act quickly when necessary. The models are not suitable for all investors. If you like the approach, reach out to us (info at newarc dot com) and we will provide more information.
The conversation is light-hearted, but the stock analysis is serious. We own positions in each of the stocks mentioned.
Finding great stock picks need not be boring. Please enjoy the banter and join in.
See also Opportunity In The 8.6% Yield: Something For Nothing on seekingalpha.com
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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Athena "I have a great choice this week, Advance Auto Parts ( AAP ). [Felix] richjoy403 of Seeking Alpha asks: As usual, I answered through Jeff Miller , who could not resist adding his own comment. [Jeff] "Your pick this week is also attracting some fundamental analysts, including this one on Seeking Alpha, who calls FSLR a 'unique value and growth play.'"
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Athena "I have a great choice this week, Advance Auto Parts ( AAP ). By Jeff Miller : Technical stock analysts are a rich source of new stock ideas. [Felix] richjoy403 of Seeking Alpha asks: As usual, I answered through Jeff Miller , who could not resist adding his own comment.
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Athena "I have a great choice this week, Advance Auto Parts ( AAP ). By Jeff Miller : Technical stock analysts are a rich source of new stock ideas. Oscar will mention a favorite sector each week, and will also answer questions about sectors.
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Athena "I have a great choice this week, Advance Auto Parts ( AAP ). [Jeff] "Do you have some stock advice here?" Let's see what Holmes has for us this week."
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11640.0
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2016-09-26 00:00:00 UTC
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Advance Auto Parts Vice President buys 1,500 shares
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-vice-president-buys-1500-shares-2016-09-26
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nan
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nan
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Robert Cushing, Executive Vice President at Advance Auto Parts ( AAP ), bought 1,500 shares of the company's common stock on September 2. The shares were purchased at $156.66 for a total of $234,990.oo.
InvestorsKeyhole Trade Alert
IK-> The technicals for AAP ($148.22 down $1.04) are bearish with a neutral trend. Support has been around $145.89 and resistance around $149.24. Look at the November 125/130 bull-put spread for a 25-cent credit. That's a 5.3% return and the stock has to fall 12.3% to cause a problem. [InvestorsKeyhole, Various news and data services]
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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Robert Cushing, Executive Vice President at Advance Auto Parts ( AAP ), bought 1,500 shares of the company's common stock on September 2. InvestorsKeyhole Trade Alert IK-> The technicals for AAP ($148.22 down $1.04) are bearish with a neutral trend. [InvestorsKeyhole, Various news and data services] 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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Robert Cushing, Executive Vice President at Advance Auto Parts ( AAP ), bought 1,500 shares of the company's common stock on September 2. InvestorsKeyhole Trade Alert IK-> The technicals for AAP ($148.22 down $1.04) are bearish with a neutral trend. [InvestorsKeyhole, Various news and data services] 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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Robert Cushing, Executive Vice President at Advance Auto Parts ( AAP ), bought 1,500 shares of the company's common stock on September 2. InvestorsKeyhole Trade Alert IK-> The technicals for AAP ($148.22 down $1.04) are bearish with a neutral trend. [InvestorsKeyhole, Various news and data services] 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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Robert Cushing, Executive Vice President at Advance Auto Parts ( AAP ), bought 1,500 shares of the company's common stock on September 2. InvestorsKeyhole Trade Alert IK-> The technicals for AAP ($148.22 down $1.04) are bearish with a neutral trend. The shares were purchased at $156.66 for a total of $234,990.oo.
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11641.0
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2016-09-22 00:00:00 UTC
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Auto Stock Roundup: US Issues Policy for Automated Vehicles, Tesla Wins Largest Battery Project
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-us-issues-policy-for-automated-vehicles-tesla-wins-largest-battery
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nan
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nan
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The U.S. Department of Transportation issued a Federal policy that provides the framework for the safe testing and deployment of automated vehicles. Meanwhile, Tesla Motors, Inc. TSLA won the largest lithium ion battery storage project in the world. However, the electric carmaker ran into a lot of legal trouble over the week. Even Volkswagen AG VLKAY was sued by shareholders over the emissions scandal.
Among other major developments, General Motors Company GM provided a strategic and operational overview ahead of its third-quarter 2016 earnings release. Honda Motor Co., Ltd. HMC announced two motorcycles to be launched under the 2016 Montesa Trial lineup.
(Read the previous roundup here: Auto Stock Roundup for Sep 15, 2016 )
Recap of the Week's Most Important Stories
1. The U.S. Department of Transportation has issued the first guidelines for automated vehicles. The Federal policy has four key parts: a 15 point Safety Assessment to ensure safe design, development, testing and deployment of automated vehicles; a model state policy that distinguishes Federal and State responsibilities for regulation of such vehicles; NHTSA's current regulatory tools that can be used to ensure that new technology is developed safely; and modern regulatory tools that policymakers can use in the future for safe and efficient deployment of new life-saving technologies.
2. Tesla has been selected by Southern California Edison for the largest lithium ion battery storage project in the world. The project requires the automaker to install a 20 MW/80 MWh Powerpack system at the Southern California Edison Mira Loma substation. The system will use electricity from the grid during off-peak hours to charge. This stored energy will be used to meet the peak time energy needs of the Los Angeles basin (read more: Tesla Wins Southern California Edison's Battery Project ).
Meanwhile, four shareholders have filed separate lawsuits against Tesla with regard to its proposed acquisition of SolarCity. The lawsuits may result in a delay or prevention of the merger as well as increased costs for both companies. Separately, 126 owners of the Model S P85D in Norway are seeking reimbursements as they feel that the car's power and speed are not as per specifications.
Tesla currently carries a Zacks Rank #3 (Hold).
3. Volkswagen's 1400 shareholders have demanded that the German auto manufacturer needs to pay 8.2 billion euros ($9.1 billion) in damages claims over its emissions scandal, a German court announced on Wednesday. These investors are suing the company because they believe that it should have disclosed the fact that it was being investigated sooner (read more: 1400 Investors File Claims Against Volkswagen for Over $9 Billion ).
Currently, Volkswagen carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
4. General Motors reiterated its EPS guidance in the range of $5.50−$6.00 for 2016. The automaker is focused on sustainable growth, with a target of $5.5 billion in cost savings by 2018. It has already achieved cost savings of $3.1 billion through the first half of 2016, and expects to exceed the target by 2018. Further, General Motors anticipates growth in the China market to be in the range of 3−5% in the near term, and industry volume to grow to over 30 million units by 2020.
General Motors is currently in Phase III of its Captive Expansion plan, which commenced in 2010. In this phase, the company aims to increase its share of prime loan channel and grow its floorplan business in North America. It also intends to expand its geographical footprint and product portfolio in the rest of the world. Finally, the company aims to increase loyalty among users by expanding its customer relation management activities. General Motors currently carries a Zacks Rank #3.
5. Honda announced that the 2016 Montesa Trial motorcycle lineup will include the Montesa Cota 300RR and the Montesa Cota 4RT260. The 2017 Montesa Cota 4RT260 will be sold from November and the 2017 Montesa Cota 300RR from December. Honda carries a Zacks Rank #3.
Performance
Most auto sector companies recorded gains last week, led by General Motors. Meanwhile, Advance Auto Parts Inc. AAP was the biggest loser once again.
Toyota Motor Corporation TM retained its position as the biggest gainer over the last six months, while Tesla lost the most over this period.
Auto-Tires-Trucks Sector Price Index
Auto-Tires-Trucks Sector Price Index
What's Next in the Auto Space?
AutoZone, Inc. AZO will report fourth-quarter (ended Aug 27, 2016) fiscal 2016 results before the opening bell today.
Later today, Lear Corporation is slated to pay a quarterly cash dividend of 30 cents per share to shareholders of record as of Sep 1, 2016.
On Sep 23, 2016, Harley-Davidson will pay a cash dividend of 35 cents per share to shareholders of record as of Sep 13, while General Motors will pay a dividend of 38 cents per share to stockholders of record as of Sep 9.
On Sep 26, Thor Industries will report its fourth-quarter and fiscal 2016 earnings results.
Now See Our Private Investment Ideas
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>
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TESLA MOTORS (TSLA): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
GENERAL MOTORS (GM): 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 was the biggest loser once again. Click to get this free report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Among other major developments, General Motors Company GM provided a strategic and operational overview ahead of its third-quarter 2016 earnings release.
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Click to get this free report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc. AAP was the biggest loser once again. Auto-Tires-Trucks Sector Price Index Auto-Tires-Trucks Sector Price Index What's Next in the Auto Space?
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Click to get this free report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc. AAP was the biggest loser once again. The Federal policy has four key parts: a 15 point Safety Assessment to ensure safe design, development, testing and deployment of automated vehicles; a model state policy that distinguishes Federal and State responsibilities for regulation of such vehicles; NHTSA's current regulatory tools that can be used to ensure that new technology is developed safely; and modern regulatory tools that policymakers can use in the future for safe and efficient deployment of new life-saving technologies.
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Meanwhile, Advance Auto Parts Inc. AAP was the biggest loser once again. Click to get this free report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. The lawsuits may result in a delay or prevention of the merger as well as increased costs for both companies.
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11642.0
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2016-09-20 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for September 21, 2016
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-september-21-2016-2016-09-20
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on September 21, 2016. A cash dividend payment of $0.06 per share is scheduled to be paid on October 07, 2016. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 43rd quarter that AAP has paid the same dividend. At the current stock price of $148.44, the dividend yield is .16%.
The previous trading day's last sale of AAP was $148.44, representing a -26.24% decrease from the 52 week high of $201.24 and a 12.8% increase over the 52 week low of $131.59.
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 2016 as -6.22%, compared to an industry average of 7.7%.
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:
Exchange Listed Funds Trust GaveKal Knowledge Leaders Develope ( KLDW ).
The top-performing ETF of this group is KLDW with an increase of 2.94% over the last 100 days.
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 2016 as -6.22%, compared to an industry average of 7.7%. The following ETF(s) have AAP as a top-10 holding: Exchange Listed Funds Trust GaveKal Knowledge Leaders Develope ( KLDW ).
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Interested in gaining exposure to AAP through an Exchange Traded Fund [ETF]? 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, 2016.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAP Dividend History page. The following ETF(s) have AAP as a top-10 holding: Exchange Listed Funds Trust GaveKal Knowledge Leaders Develope ( KLDW ).
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AAP's current earnings per share, an indicator of a company's profitability, is $6.19. The following ETF(s) have AAP as a top-10 holding: Exchange Listed Funds Trust GaveKal Knowledge Leaders Develope ( KLDW ). Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on September 21, 2016.
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11643.0
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2016-09-15 00:00:00 UTC
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Auto Stock Roundup: Ford Cuts Guidance, Tesla Reveals Autopilot Details
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-ford-cuts-guidance-tesla-reveals-autopilot-details-2016-09-15
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nan
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The last week was an eventful one for Ford Motor Co. F as it made several announcements in the run up to its Investor Day. Meanwhile, Tesla Motors, Inc. TSLA also revealed several details about its upcoming software update for the Autopilot system. Further, General Motors Company GM and Honda Motor Co., Ltd. HMC announced recalls, while Toyota Motor Corporation TM announced an investment in Mexico to raise the production volume of trucks.
(Read the previous roundup here: Auto Stock Roundup for Sep 8, 2016 )
Recap of the Week's Most Important Stories
1. Ford lowered its pre-tax guidance for 2016 to roughly $10.2 billion from the previous projection of equal to or more than $10.8 billion. This means that the company's pre-tax results are likely to fall from the 2015 level. The lowered guidance resulted from the company's move to increase the number of vehicles being recalled for a door latch-related issue in North America, which will raise its expense related to this recall to roughly $640 million.
At its Investor Day, Ford also revealed that its adjusted pre-tax profits are expected to decline in 2017 due to higher investments and the cost of emerging opportunities. However, results are expected to improve in 2018. Moreover, adjusted pre-tax profits of the core business are expected to improve in both years. Ford also revealed plans to shift its small car production to Mexico from the U.S.
Separately, Ford disclosed that it is creating a new City Solutions team that will work with several major global cities to develop mobility solutions aimed at solving unique transportation challenges faced by each city. Working toward this goal, Ford has signed an agreement to acquire a crowd-sourced shuttle service called Chariot and has teamed up with the bike-sharing provider Motivate (read more: Ford to Develop City-based Mobility Solutions, Buy Chariot ).
Ford currently carries a Zacks Rank #5 (Strong Sell).
2. Tesla revealed that the upcoming Autopilot software update will enable the system to use radar as a primary control sensor. Radar is already part of the Autopilot hardware suite of all Tesla cars made since Oct 2014 but is currently used as a supplementary sensor to the primary camera and image processing system. Apart from radar, another major change is that the car will turn off Autosteer if the driver repeatedly ignores warnings to keep hands on the steering wheel and will not allow it to be turned on till the car is parked. Further, Autopilot 8.0 will be able to automatically make a highway exit if the turn indicator is on, while Autopilot 8.1 will take it a step further by taking the exit when the navigation system is on. Currently, Tesla carries a Zacks Rank #3 (Hold) (read more: Tesla Autopilot to Improve Obstacle Detection Using Radar ).
3. General Motors announced the recall of 3.64 million vehicles in the U.S. due to a software defect in the sensing and diagnostic module (SDM). A vehicle's airbag and pretensioners deployment is controlled by the SDM. As a result of this defect, frontal airbags and pretensioners may not be deployed in certain conditions. General Motors currently carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
4. Honda announced the recall of 668,000 vehicles in Japan due to faulty Takata airbag inflators. This is part of a wider recall that was announced earlier. With this, Honda will complete the recall of around 51 million airbags to fix faulty inflators. However, this is only half of its expected total tally of 100 million inflators that need to be recalled globally. Honda carries a Zacks Rank #3.
5. Toyota announced that it will invest $150 million in its facility in Baja California, Mexico to increase the production of Tacoma trucks by over 60,000 units annually by late 2017 or early 2018. The facility, Toyota Motor Manufacturing de Baja California (TMMBC), currently produces over 100,000 Tacomas and truck beds every year. Toyota carries a Zacks Rank #4 (Sell).
Performance
Many auto sector companies recorded losses last week. AutoZone, Inc. AZO was the only stock among the ones listed below to record a gain. Meanwhile, Advance Auto Parts Inc. AAP was the biggest loser.
Over the last six months, Toyota outperformed yet again, while Tesla lost the most.
Auto-Tires-Trucks Sector Price Index
Auto-Tires-Trucks Sector Price Index
What's Next in the Auto Space?
AutoZone will report fourth-quarter fiscal 2016 (ended Aug 27, 2016) results before the opening bell on Sep 22.
A few automakers may report their European auto sales for August in the coming week.
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FORD MOTOR CO (F): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
GENERAL MOTORS (GM): 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 was the biggest loser. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. At its Investor Day, Ford also revealed that its adjusted pre-tax profits are expected to decline in 2017 due to higher investments and the cost of emerging opportunities.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc. AAP was the biggest loser. Further, General Motors Company GM and Honda Motor Co., Ltd. HMC announced recalls, while Toyota Motor Corporation TM announced an investment in Mexico to raise the production volume of trucks.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc. AAP was the biggest loser. Further, General Motors Company GM and Honda Motor Co., Ltd. HMC announced recalls, while Toyota Motor Corporation TM announced an investment in Mexico to raise the production volume of trucks.
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Meanwhile, Advance Auto Parts Inc. AAP was the biggest loser. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Further, General Motors Company GM and Honda Motor Co., Ltd. HMC announced recalls, while Toyota Motor Corporation TM announced an investment in Mexico to raise the production volume of trucks.
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11644.0
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2016-09-09 00:00:00 UTC
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AAP Crosses Below Key Moving Average Level
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AAP
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https://www.nasdaq.com/articles/aap-crosses-below-key-moving-average-level-2016-09-09
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nan
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In trading on Friday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $155.32, changing hands as low as $153.62 per share. Advance Auto Parts Inc shares are currently trading off about 3.1% on the day. The chart below shows the one year performance of AAP shares, versus its 200 day moving average:
Looking at the chart above, AAP's low point in its 52 week range is $131.59 per share, with $201.24 as the 52 week high point - that compares with a last trade of $153.92.
According to the ETF Finder at ETF Channel, AAP makes up 1.16% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD) which is trading lower by about 1.5% on the day Friday.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $155.32, changing hands as low as $153.62 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $131.59 per share, with $201.24 as the 52 week high point - that compares with a last trade of $153.92. According to the ETF Finder at ETF Channel, AAP makes up 1.16% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD) which is trading lower by about 1.5% on the day Friday.
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In trading on Friday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $155.32, changing hands as low as $153.62 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $131.59 per share, with $201.24 as the 52 week high point - that compares with a last trade of $153.92. According to the ETF Finder at ETF Channel, AAP makes up 1.16% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD) which is trading lower by about 1.5% on the day Friday.
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In trading on Friday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $155.32, changing hands as low as $153.62 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $131.59 per share, with $201.24 as the 52 week high point - that compares with a last trade of $153.92. According to the ETF Finder at ETF Channel, AAP makes up 1.16% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD) which is trading lower by about 1.5% on the day Friday.
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In trading on Friday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $155.32, changing hands as low as $153.62 per share. According to the ETF Finder at ETF Channel, AAP makes up 1.16% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD) which is trading lower by about 1.5% on the day Friday. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $131.59 per share, with $201.24 as the 52 week high point - that compares with a last trade of $153.92.
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11645.0
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2016-09-08 00:00:00 UTC
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Auto Stock Roundup: Weak U.S. Sales, Strong China Sales for Ford, GM
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-weak-u.s.-sales-strong-china-sales-for-ford-gm-2016-09-08
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nan
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Weak U.S. sales figures for August reported last week, raised concerns over plateauing volumes. Meanwhile, Ford Motor Co. F and General Motors Company GM posted strong sales in China. Even Tata Motors Limited TTM reported strong global sales volumes.
Meanwhile, General Motors also settled two bellwether ignition switch-related lawsuits. Further, Tesla Motors, Inc. TSLA found a new source of financing for its vehicle leasing program.
(Read the previous roundup here: Auto Stock Roundup for Sep 1, 2016 )
Recap of the Week's Most Important Stories
1. U.S. light-vehicle sales dropped 3.5% year over year to 1.51 million units in Aug 2016, as per Autodata. This is the third month of a sales decline this year. Moreover, sales on a seasonally adjusted annualized rate ("SAAR") basis declined to 16.97 million units in the month from 17.86 million units in Jul 2016 and 17.79 million units in Aug 2015.
General Motors was the leader in terms of sales volume for Aug 2016. Among the six major American and Japanese automakers, FCA US was the only one to record year-over-year sales improvement last month (read more: US Auto Sales Fall in August: What to Expect in the Future?).
2. General Motors has settled the last two bellwether cases related to its ignition switch defect. However, the settlement amount was not revealed. These cases were intended to set the guidance for the remaining ignition switch-related cases against General Motors. The company has many other death and injury claims still pending. General Motors currently has a Zacks Rank #3 (Hold) (read more: General Motors Settles 2 Bellwether Ignition Switch Cases ).
3. Tesla announced a new Loan and Security Agreement with Deutsche Bank, under which it can borrow up to $300 million for its direct vehicle leasing program till Aug 31, 2017. Any amount drawn under this agreement will be due on Sep 20, 2018. As a result of this agreement, the company can reduce the amount it was earlier planning to raise from the public market. Tesla currently carries a Zacks Rank #3.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
4. Both Ford and General Motors reported their respective China sales figures for Aug 2016. General Motors and its joint ventures in China reported an 18% year-over-year increase in deliveries to a record 293,537 vehicles. Meanwhile, Ford's sales in China increased 22% year over year to 96,450 units during the period, which is an August record for the company.
5. Tata Motors reported a 6% increase in total sales of its commercial and passenger vehicles, including exports, to 43,061 units in Aug 2016 from 40,679 units in Aug 2015. Cumulative sales from April through August were 209,950 units, up 6% over the prior-year period. The year-over-year increase in August was due to higher passenger car sales in the domestic market as well as exports, which offset the decline in commercial vehicle sales. Tata Motors carries a Zacks Rank #2 (Buy).
Performance
Auto sector companies had mixed fortunes on the stock market last week. Advance Auto Parts Inc. AAP gained the most, while Tesla was the biggest loser among the stocks listed below.
Over the last six months, Toyota Motor Corporation TM outperformed the others. Meanwhile, AutoZone, Inc. AZO lost the maximum value over the longer term.
Auto-Tires-Trucks Sector Price Index
Auto-Tires-Trucks Sector Price Index
What's Next in the Auto Space?
A few automakers may report their European auto sales for August in the coming week.
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
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FORD MOTOR CO (F): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
TATA MOTORS-ADR (TTM): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
GENERAL MOTORS (GM): 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 gained the most, while Tesla was the biggest loser among the stocks listed below. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Tesla announced a new Loan and Security Agreement with Deutsche Bank, under which it can borrow up to $300 million for its direct vehicle leasing program till Aug 31, 2017.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP gained the most, while Tesla was the biggest loser among the stocks listed below. General Motors currently has a Zacks Rank #3 (Hold) (read more: General Motors Settles 2 Bellwether Ignition Switch Cases ).
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP gained the most, while Tesla was the biggest loser among the stocks listed below. General Motors currently has a Zacks Rank #3 (Hold) (read more: General Motors Settles 2 Bellwether Ignition Switch Cases ).
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Advance Auto Parts Inc. AAP gained the most, while Tesla was the biggest loser among the stocks listed below. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. General Motors was the leader in terms of sales volume for Aug 2016.
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11646.0
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2016-09-07 00:00:00 UTC
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Advance Auto Parts Inc. Tests Investors' Patience
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-tests-investors-patience-2016-09-07
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nan
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No one said it was going to be easy, but even the most ardent admirers of Advance Auto Parts Inc. (NYSE: AAP) must acknowledge that its ongoing integration of the Carquest and Worldpac stores (acquired in the 2014 purchase of General Parts International) hasn't gone to plan so far. The second-quarter earnings revealed even more integration difficulties, while management candidly prepared investors for more bad news ahead. What's going on, and what should investors make of it all?
Advance Auto Parts Inc disappoints
For those new to the company, the investment case for the stock sees the company as the value play in a sector experiencing favorable tailwinds. By integrating Carquest's Do It For Me (DIFM) heavy sales into existing Advance Auto Parts stores, the company is supposed to be transforming itself into a dual-store (DIY & DIFM) in the same way O'Relly Automotive (NASDAQ: ORLY) did in 2008 with its purchase of CSK.
Unfortunately, the integration isn't going to plan . The process of converting Carquest stores to Advance Auto Parts stores and consolidating (merging stores together) is causing customer disruptions, supply chain disruptions, IT integration issues, and inventory build-ups.
As you can see below, the key issue is falling sales -- all the more disappointing because rivals like O'Reilly and the DIY-focused AutoZone, Inc. (NYSE: AZO) continue to generate good same-store sales growth.
As the chart above suggests (O'Reilly Automotive is the best comparator because of its mix of DIY and DIFM sales), Advance Auto Parts's problems are company specific rather than an industry issue. Indeed, CEO Tom Greco acknowledged the point on the recent earnings call: "You know I think if you look at our comparative performance, you would say the majority of it is self inflicted."
From an investment perspective, this means the stock probably has upside potential if management can execute its integration plan successfully.
Worse before it gets better?
Unfortunately, the integration is not running to plan. The company's previous management started 2016 predicting low same-store sales growth and an adjusted operating income margin of 12% for the full year. Fast-forward to second-quarter earnings, and current management now expects "annual comp store sales" to be down 3% to 5% for the full year.
It gets worse. As sales are falling, the company is suffering margin compression because of its high fixed-cost base. For example, adjusted operating income margin was 10.8% in the second quarter compared to 12% in the same period last year -- management has abandoned its target of getting to 12% for the full year
CFO Mike Norona discussed margin on the earnings call:
In addition, there are other factors that are likely to impact earnings and cash flow in the next few quarters:
Investments in service and parts availability which could hit margin.
Existing inventory is building up (7.3% higher than the same quarter last year), and selling it off quickly could hurt margin. Meanwhile, new inventory needs to be bought.
Difficulties in shifting to daily replenishment hit results (supply chain ad availability issues) in the North East and Great Lakes regions in the second quarter -- suggesting more problems could be around the corner.
Management announced it would be reducing the number of consolidations (currently at two-thirds of its original target for consolidations) it makes going forward because of not hitting "the goals we set."
Clearly, there is a lot more work to be done before sales starts stabilizing. The problem for investors is that, as sales fall, operating profits are likely to fall even more (because of the deleveraging discussed above). In other words, the current valuation could get more expensive if sales fall.
What should investors make of it?
The underlying investment case remains compelling. For example, if Advance Auto Parts closes the operating margin gap with AutoZone and O'Reilly Automotive, the upside potential is significant. Based on current revenue, if Advance Auto Parts gets back to 12% operating margin and is valued at enterprise value (market cap plus debt) to revenue comparable to O'Reilly Automotive (which also has good balance of DIY and DIFM sales), then the stock has a near 60% upside from current levels.
AZO Operating Margin (TTM) data by YCharts .
The problem is the immediate outlook doesn't look good -- management has candidly prepared investors for potential margin compression -- and until the company demonstrates it can stem the tide of falling sales, investors have a right to be cautious. The stock is attractive, but it's not for those of a nervous disposition. Advance Auto Parts has a difficult second half coming up.
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Lee Samaha has no position in any stocks mentioned. The Motley Fool owns shares of O'Reilly Automotive. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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No one said it was going to be easy, but even the most ardent admirers of Advance Auto Parts Inc. (NYSE: AAP) must acknowledge that its ongoing integration of the Carquest and Worldpac stores (acquired in the 2014 purchase of General Parts International) hasn't gone to plan so far. As the chart above suggests (O'Reilly Automotive is the best comparator because of its mix of DIY and DIFM sales), Advance Auto Parts's problems are company specific rather than an industry issue. The company's previous management started 2016 predicting low same-store sales growth and an adjusted operating income margin of 12% for the full year.
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No one said it was going to be easy, but even the most ardent admirers of Advance Auto Parts Inc. (NYSE: AAP) must acknowledge that its ongoing integration of the Carquest and Worldpac stores (acquired in the 2014 purchase of General Parts International) hasn't gone to plan so far. As the chart above suggests (O'Reilly Automotive is the best comparator because of its mix of DIY and DIFM sales), Advance Auto Parts's problems are company specific rather than an industry issue. The company's previous management started 2016 predicting low same-store sales growth and an adjusted operating income margin of 12% for the full year.
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No one said it was going to be easy, but even the most ardent admirers of Advance Auto Parts Inc. (NYSE: AAP) must acknowledge that its ongoing integration of the Carquest and Worldpac stores (acquired in the 2014 purchase of General Parts International) hasn't gone to plan so far. For example, adjusted operating income margin was 10.8% in the second quarter compared to 12% in the same period last year -- management has abandoned its target of getting to 12% for the full year CFO Mike Norona discussed margin on the earnings call: In addition, there are other factors that are likely to impact earnings and cash flow in the next few quarters: Investments in service and parts availability which could hit margin. Based on current revenue, if Advance Auto Parts gets back to 12% operating margin and is valued at enterprise value (market cap plus debt) to revenue comparable to O'Reilly Automotive (which also has good balance of DIY and DIFM sales), then the stock has a near 60% upside from current levels.
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No one said it was going to be easy, but even the most ardent admirers of Advance Auto Parts Inc. (NYSE: AAP) must acknowledge that its ongoing integration of the Carquest and Worldpac stores (acquired in the 2014 purchase of General Parts International) hasn't gone to plan so far. For example, adjusted operating income margin was 10.8% in the second quarter compared to 12% in the same period last year -- management has abandoned its target of getting to 12% for the full year CFO Mike Norona discussed margin on the earnings call: In addition, there are other factors that are likely to impact earnings and cash flow in the next few quarters: Investments in service and parts availability which could hit margin. For example, if Advance Auto Parts closes the operating margin gap with AutoZone and O'Reilly Automotive, the upside potential is significant.
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11647.0
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2016-09-01 00:00:00 UTC
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Insiders Buy the Holdings of XRT ETF
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AAP
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https://www.nasdaq.com/articles/insiders-buy-holdings-xrt-etf-2016-09-01
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nan
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nan
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A look at the weighted underlying holdings of the SPDR S&P Retail ETF ( XRT ) shows an impressive 14.2% of holdings on a weighted basis have experienced insider buying within the past six months.
O'Reilly Automotive, Inc. (Symbol: ORLY), which makes up 1.28% of the SPDR S&P Retail ETF ( XRT ), 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 $6,403,147 worth of ORLY, making it the #38 largest holding. The table below details the recent insider buying activity observed at ORLY:
ORLY - last trade: $279.95 - Recent Insider Buys:
And Advance Auto Parts Inc (Symbol: AAP), the #48 largest holding among components of the SPDR S&P Retail ETF ( XRT ), shows 6 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $6,168,289 worth of AAP, which represents approximately 1.23% 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: $157.38 - 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 ORLY: ORLY - last trade: $279.95 - Recent Insider Buys: And Advance Auto Parts Inc (Symbol: AAP), the #48 largest holding among components of the SPDR S&P Retail ETF ( XRT ), shows 6 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: $157.38 - 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 $6,168,289 worth of AAP, which represents approximately 1.23% of the ETF's total assets at last check.
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The table below details the recent insider buying activity observed at ORLY: ORLY - last trade: $279.95 - Recent Insider Buys: And Advance Auto Parts Inc (Symbol: AAP), the #48 largest holding among components of the SPDR S&P Retail ETF ( XRT ), shows 6 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: $157.38 - 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 $6,168,289 worth of AAP, which represents approximately 1.23% of the ETF's total assets at last check.
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The table below details the recent insider buying activity observed at ORLY: ORLY - last trade: $279.95 - Recent Insider Buys: And Advance Auto Parts Inc (Symbol: AAP), the #48 largest holding among components of the SPDR S&P Retail ETF ( XRT ), shows 6 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: $157.38 - 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 $6,168,289 worth of AAP, which represents approximately 1.23% of the ETF's total assets at last check.
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The table below details the recent insider buying activity observed at ORLY: ORLY - last trade: $279.95 - Recent Insider Buys: And Advance Auto Parts Inc (Symbol: AAP), the #48 largest holding among components of the SPDR S&P Retail ETF ( XRT ), shows 6 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $6,168,289 worth of AAP, which represents approximately 1.23% 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: $157.38 - 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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11648.0
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2016-08-24 00:00:00 UTC
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Advance Auto Chief Executive Officer buys 6,250 shares
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AAP
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https://www.nasdaq.com/articles/advance-auto-chief-executive-officer-buys-6250-shares-2016-08-24
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nan
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nan
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Thomas Greco, Chief Executive Officer at Advance Auto Parts Inc.( AAP ), bought 6,250 shares of the company's common stock on August 23. The shares were purchased at $159.56 for a total of $997,250.00.
InvestorsKeyhole Trade Alert
IK->The technicals for AAP ($163.27 up $5.40) are neutral with a neutral trend. Support has been around $157.43 and resistance around $167.76. Look at the October 145/150 bull-put spread for a 30-cent credit. That's a 6.4% return and the stock has to fall 8.1% to cause a problem. [InvestorsKeyhole, Various news and data services]
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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Thomas Greco, Chief Executive Officer at Advance Auto Parts Inc.( AAP ), bought 6,250 shares of the company's common stock on August 23. InvestorsKeyhole Trade Alert IK->The technicals for AAP ($163.27 up $5.40) are neutral with a neutral trend. [InvestorsKeyhole, Various news and data services] 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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Thomas Greco, Chief Executive Officer at Advance Auto Parts Inc.( AAP ), bought 6,250 shares of the company's common stock on August 23. InvestorsKeyhole Trade Alert IK->The technicals for AAP ($163.27 up $5.40) are neutral with a neutral trend. [InvestorsKeyhole, Various news and data services] 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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Thomas Greco, Chief Executive Officer at Advance Auto Parts Inc.( AAP ), bought 6,250 shares of the company's common stock on August 23. InvestorsKeyhole Trade Alert IK->The technicals for AAP ($163.27 up $5.40) are neutral with a neutral trend. [InvestorsKeyhole, Various news and data services] 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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Thomas Greco, Chief Executive Officer at Advance Auto Parts Inc.( AAP ), bought 6,250 shares of the company's common stock on August 23. InvestorsKeyhole Trade Alert IK->The technicals for AAP ($163.27 up $5.40) are neutral with a neutral trend. The shares were purchased at $159.56 for a total of $997,250.00.
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11649.0
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2016-08-23 00:00:00 UTC
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Paylocity, Advance Auto Parts, Nvidia, Arcelor-Mittal and Toray highlighted as Zacks Bull and Bear of the Day
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AAP
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https://www.nasdaq.com/articles/paylocity-advance-auto-parts-nvidia-arcelor-mittal-and-toray-highlighted-as-zacks-bull-and
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nan
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nan
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For Immediate Release
Chicago, IL - August 23, 2016 - Zacks Equity Research highlights Paylocity ( PCTY ) as the Bull of the Day and Advance Auto Parts ( AAP ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Nvidia ( NVDA ), Arcelor-Mittal ( MT ) and Toray ( TRYIY ).
Here is a synopsis of all five stocks:
Bull of the Day:
It's no secret that the job market has been pretty good over the last several months. It's also no secret that cloud-based stocks have done very well this earnings season. So for today's Bull of the Day I've decided to talk about a stock that's standing right there at the intersection of jobs and the cloud. How about a cloud-based payroll company? That's exactly what we have here in Paylocity ( PCTY ).
Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company is coming off a solid quarter where revenue growth was 50%. EPS came in at a 10 cent loss versus expectations for a 12 cent loss. That's coming off last quarter's 7 cent beat.
The Zacks Rank #1 (Strong Buy) rating is due to two analysts increasing their earnings estimates for the current quarter and the current year. The bullish sentiment has pushed up our Zacks Consensus Estimate from a 1 cent loss to 2 cents of profits for the current year. Next year's numbers call for 18 cents EPS. It's part of an internet software industry that we rank in the Top 24% of our Zacks Industry Rank.
Bear of the Day :
As the momentum strategist at Zacks I would never make the argument that a stock has simply gone too far too fast as my primary reason for selling a stock. In fact, I go out of my way to look for stocks that have been on long term runs and usually add them to my portfolio on pullbacks. I'm certainly a "Buy high, sell higher" type of guy.
So don't think that my argument for being cautious on today's Bear of the Day is based on the fact that it's been on such a great run. My reason for naming Advance Auto Parts ( AAP ) the Bear of the Day is in the action of analysts at other firms and AAP's own earnings struggles.
Advance Auto Parts, Inc., through its subsidiaries, provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. It offers automotive parts, including alternators, batteries, belts and hoses, brakes and brake pads, chassis parts, climate control parts, clutches, driveshafts, engines and engine parts, ignition parts, lighting products, radiators, starters, spark plugs and wires, steering and alignment parts, transmissions, water pumps, and windshield wiper blades; and accessories, such as air fresheners, automotive paints, anti-theft devices, emergency road kits, floor mats, ice scrapers, mirrors, seat and steering wheel covers, and vent shades.
It's nothing personal against AAP here. Heck, I'm a card carrying member of their loyalty program and often shop for car parts there. But analysts have been increasing bearish on shares of Advance Auto. Over the last week, eight analysts have dropped their estimates for the current quarter while ten have done so for the current year. This has cut our Zacks Consensus Estimate for the current quarter from $1.97 to $1.81 and sank the current year number from $7.91 to $7.44. The revisions came on the heels of another disappointing quarter where the auto parts retailer missed earnings by 4 cents, coming in at $1.71 versus estimates calling for $1.81.
Additional content:
Time to Fly Fish and Talk About the World
In late August every year, the Federal Reserve Bank of Kansas City holds a national and international central bank gathering in Jackson Hole, Wyoming.
The KC Fed has been holding this summer meeting since 1978, while the conference moved permanently to Jackson Hole in 1982. Relocating this summer confab started as a way to get then Fed Chairman Paul Volcker -- a big fly fishing enthusiast -- to come to this then-remote monetary affairs conference and speak. The idea proved to be a popular one. The standing of this conference has grown and grown since.
Check out a Bloomberg-produced video for a look behind the scenes.
FYI. The Jackson Hole resort remains open to the public throughout this meeting. There is also a PDF online the KC Fed wrote titled "In Late August"…
Held from Thursday, August 25th to the 27th, the 2016 Jackson Hole conference features in-depth research by monetary practitioners and gives up TV interviews with these movers and shakers -- all coming from that stunning locale as a backdrop.
The topic this year is -- "Designing Resilient Monetary Policy Frameworks for the Future." The organizers don't post the contents of the meeting until August 25th.
Resilient monetary policy frameworks, huh? That drums up a range of ideas.
Monetary policy - many already at zero or negative rates -- must still be well-positioned to deal with any number of crazy macro scenes in the coming years. Those scenarios could be: a sudden inflation ramp up from all the cheap QE money, a big stock market crash, a big global recession, or a new debt crisis. Et cetera. Let your imagination run wild.
Vice Chairman Stanley Fischer spoke to the Aspen Institute on Sunday, August 21st. That Colorado alpine locale is another terrific spot to fly fish and enjoy the late summer in the Rockies. He shared with us the U.S. central bank is already close to meeting its main stabilization goals. U.S. inflation is near its 2% annual target. The U.S. unemployment rate is at 4.9%, near a level called frictional or 'natural.' That sounds rosy.
However, don't be lulled to sleep. This KC meeting is looking well beyond a 25 or 50 basis point U.S. rate hike that Stan is alluding to.
This KC meeting is on more significant unintended consequences down the road. Central bankers are a conservative bunch. They are getting prepared to deal with any number or combination of financial shocks and political events.
That makes sense to me, and it should make sense to you.
Zacks #1 Rank stocks to look into-
Nvidia ( NVDA ) is a large $32 billion market cap semiconductor company with a Zacks VGM score of B. However, at $62 a share, the stock is not cheap. The Forward P/E is 34 and the PEG ratio is a high 3.3. The semiconductor industry remains hot at 20 out of 265 in the Zacks industry ranks.
Arcelor-Mittal ( MT ) is a large $19 billion market cap steel producer with a Zack VGM score of A. The steel industry remains hot at 61 out of 265 in the Zacks industry ranks. At $6.36, the current share price is low.
Toray ( TRYIY ) is a large $16 billion textile products maker headquartered in Japan. This industrial products company specializes in using nanotechnology in organic synthetic chemistry, polymer chemistry, and biochemistry. It is a leader in carbon fiber.
With a Zacks VGM score of B, and rising earnings estimates, Toray stock has been on a tear. I would wait until it pulls back to buy. The forward P/E is a little high at 19.53 now, for this type of industrial company.
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 >>
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 the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
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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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PAYLOCITY HLDG (PCTY): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
NVIDIA CORP (NVDA): Free Stock Analysis Report
ARCELOR MITTAL (MT): Free Stock Analysis Report
TORAY (TRYIY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL - August 23, 2016 - Zacks Equity Research highlights Paylocity ( PCTY ) as the Bull of the Day and Advance Auto Parts ( AAP ) as the Bear of the Day. My reason for naming Advance Auto Parts ( AAP ) the Bear of the Day is in the action of analysts at other firms and AAP's own earnings struggles. It's nothing personal against AAP here.
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Click to get this free report PAYLOCITY HLDG (PCTY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report NVIDIA CORP (NVDA): Free Stock Analysis Report ARCELOR MITTAL (MT): Free Stock Analysis Report TORAY (TRYIY): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - August 23, 2016 - Zacks Equity Research highlights Paylocity ( PCTY ) as the Bull of the Day and Advance Auto Parts ( AAP ) as the Bear of the Day. My reason for naming Advance Auto Parts ( AAP ) the Bear of the Day is in the action of analysts at other firms and AAP's own earnings struggles.
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Click to get this free report PAYLOCITY HLDG (PCTY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report NVIDIA CORP (NVDA): Free Stock Analysis Report ARCELOR MITTAL (MT): Free Stock Analysis Report TORAY (TRYIY): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - August 23, 2016 - Zacks Equity Research highlights Paylocity ( PCTY ) as the Bull of the Day and Advance Auto Parts ( AAP ) as the Bear of the Day. My reason for naming Advance Auto Parts ( AAP ) the Bear of the Day is in the action of analysts at other firms and AAP's own earnings struggles.
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For Immediate Release Chicago, IL - August 23, 2016 - Zacks Equity Research highlights Paylocity ( PCTY ) as the Bull of the Day and Advance Auto Parts ( AAP ) as the Bear of the Day. My reason for naming Advance Auto Parts ( AAP ) the Bear of the Day is in the action of analysts at other firms and AAP's own earnings struggles. It's nothing personal against AAP here.
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11650.0
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2016-08-19 00:00:00 UTC
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New Strong Sell Stocks for August 19th
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AAP
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-august-19th-2016-08-19
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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:
• Abaxis IncABAX develops, manufactures, markets, and sells portable blood analysis systems for use in human or veterinary patient care settings to provide rapid blood constituent measurements for clinicians worldwide. The Zacks Consensus Estimate for its current year earnings has been revised 5.1% downward over the last 30 days.
• Acadia Healthcare Company, Inc.ACHC develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, and substance abuse facilities in the United States. The Zacks Consensus Estimate for its current year earnings has declined 6.7% over the last 30 days.
• Advance Auto Parts Inc . AAP engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. It has seen the Zacks Consensus Estimate for its current year earnings being revised 4.6% downward over the last 30 days.
• Akamai Technologies, Inc . AKAM provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The Zacks Consensus Estimate revision for its current year earnings was a negative of 4.7% over the last 30 days.
• Capstead Mortgage Corp.CMO operates as real estate investment trust (REIT) in the United States. The Zacks Consensus Estimate for its current year earnings has moved 15.2% lower 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
AKAMAI TECH (AKAM): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
ABAXIS INC (ABAX): Free Stock Analysis Report
CAPSTEAD MTG (CMO): Free Stock Analysis Report
ACADIA HEALTHCR (ACHC): 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 engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. Click to get this free report AKAMAI TECH (AKAM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report CAPSTEAD MTG (CMO): Free Stock Analysis Report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Abaxis IncABAX develops, manufactures, markets, and sells portable blood analysis systems for use in human or veterinary patient care settings to provide rapid blood constituent measurements for clinicians worldwide.
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Click to get this free report AKAMAI TECH (AKAM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report CAPSTEAD MTG (CMO): Free Stock Analysis Report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report To read this article on Zacks.com click here. AAP engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Abaxis IncABAX develops, manufactures, markets, and sells portable blood analysis systems for use in human or veterinary patient care settings to provide rapid blood constituent measurements for clinicians worldwide.
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Click to get this free report AKAMAI TECH (AKAM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report CAPSTEAD MTG (CMO): Free Stock Analysis Report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report To read this article on Zacks.com click here. AAP engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The Zacks Consensus Estimate for its current year earnings has been revised 5.1% downward over the last 30 days.
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AAP engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. Click to get this free report AKAMAI TECH (AKAM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report CAPSTEAD MTG (CMO): Free Stock Analysis Report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Abaxis IncABAX develops, manufactures, markets, and sells portable blood analysis systems for use in human or veterinary patient care settings to provide rapid blood constituent measurements for clinicians worldwide.
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11651.0
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2016-08-18 00:00:00 UTC
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Advance Auto Parts: Weak Q2, Price Competition Pose Concerns
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts%3A-weak-q2-price-competition-pose-concerns-2016-08-18
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nan
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nan
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On Aug 17, we issued an updated research report on Advance Auto Parts Inc.AAP .
Price competition and poor performance delivered by the company in the second quarter of fiscal 2016 remain concerns. However, it will gain from management's relentless focus on store expansion.
Advance Auto Parts reported a 16.3% decrease in adjusted earnings to $1.90 per share in the second quarter (ended Jul 16, 2016) of fiscal 2016 from $2.27 earned in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of $2.13.
Revenues dropped 4.8% year over year to $2.26 billion but surpassed the Zacks Consensus Estimate of $2.24 billion. The year-over-year decline in the top line was due to a fall in comparable store sales, store closures in 2015 and the effect of Carquest consolidations.
Moreover, Advance Auto Parts is expected to deliver a poor performance in fiscal 2016. For fiscal 2016, the company expects comparable store sales growth to be in the range of negative 3% to negative 5%, weaker than flat comparable store sales in fiscal 2015. Moreover, it no longer expects to achieve its adjusted operating margin target of 12% and free cash flow of $500 million.
Additionally, price competition poses a concern for Advance Auto Parts, as it competes with national and regional automotive retailers such as AutoZone, Inc. AZO , O'Reilly Automotive Inc. ORLY and U.S. Auto Parts Network, Inc. PRTS .
However, Advance Auto Parts' consistent focus on store expansion helps it enhance profits. In the 28-week period ended Jul 16, 2016, the company opened 34 stores. As of Jul 16, 2016, its total store count was 5,192, including 126 Worldpac branches. In fiscal 2016, it plans to open 65-75 new stores, including Worldpac branches.
The rise in store count ensures higher availability of parts to customers, thereby leading to an increase in sales volume. Advance Auto Parts is also poised to benefit as the industry continues to show stability with the increasing average age of vehicles, along with a rise in the number of miles driven.
Advance Auto Parts currently carries a Zacks Rank #4 (Sell).
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 >>
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
O REILLY AUTO (ORLY): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
US AUTO PARTS (PRTS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Aug 17, we issued an updated research report on Advance Auto Parts Inc.AAP . Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, it no longer expects to achieve its adjusted operating margin target of 12% and free cash flow of $500 million.
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Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. On Aug 17, we issued an updated research report on Advance Auto Parts Inc.AAP . Moreover, Advance Auto Parts is expected to deliver a poor performance in fiscal 2016.
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Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. On Aug 17, we issued an updated research report on Advance Auto Parts Inc.AAP . For fiscal 2016, the company expects comparable store sales growth to be in the range of negative 3% to negative 5%, weaker than flat comparable store sales in fiscal 2015.
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Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. On Aug 17, we issued an updated research report on Advance Auto Parts Inc.AAP . Moreover, Advance Auto Parts is expected to deliver a poor performance in fiscal 2016.
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11652.0
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2016-08-16 00:00:00 UTC
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Advance Auto Parts' (AAP) Q2 Earnings Miss, Revenues Beat
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q2-earnings-miss-revenues-beat-2016-08-16
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Advance Auto Parts Inc.AAP reported a 16.3% decrease in adjusted earnings to $1.90 per share in the second quarter (ended Jul 16, 2016) of fiscal 2016 from $2.27 earned in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of $2.13. Adjusted net earnings declined 15.9% to $141 million from $167.6 million in the second quarter of fiscal 2015.
Advance Auto Parts Inc. (AAP) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany
Revenues dropped 4.8% year over year to $2.26 billion but surpassed the Zacks Consensus Estimate of $2.24 billion. The year-over-year decline in the top line was due to a fall in comparable store sales, store closures in 2015 and the effect of Carquest consolidations. Comparable store sales fell 4.1% in the reported quarter as against 1% growth recorded a year ago.
Gross profit dropped to $1.01 billion or 44.8% of sales in the reported quarter from $1.09 billion or 45.9% of sales a year ago. The decrease in gross profit margin can be attributed to supply chain expense stemming from a decline in comparable store sales and higher supply chain operating expenses.
Comparable selling, general and administrative (SG&A) expenses totaled $767.1 million or 34% of sales in the quarter under review, compared with $801.8 million or 33.8% of sales in second-quarter fiscal 2015. The decrease in SG&A resulted from continued fixed cost deleverage due to comparable store sales decline and higher self-insurance expense.
Comparable operating income fell 14.8% to $243.1 million from $285.5 million in the prior-year quarter. Operating margin was 10.8% versus 12% a year ago.
ADVANCE AUTO PT Price, Consensus and EPS Surprise
ADVANCE AUTO PT Price, Consensus and EPS Surprise | ADVANCE AUTO PT Quote
Dividend
On Aug 9, 2016, the board of directors of Advance Auto Parts declared a regular quarterly dividend of 6 cents per share, payable on Oct 7, to stockholders on record as of Sep 23, 2016.
Financial Position
Advance Auto Parts had cash and cash equivalents of $104.8 million as of Jul 16, 2016, reflecting an increase from $90.8 million as of Jan 2, 2016. Total long-term debt was $1.17 billion as of Jul 16, 2016, compared with $1.21 billion as of Jan 2, 2016.
During the 28-week period ended Jul 16, 2016, operating cash flow was $192.9 million compared with $330.8 million in the year-ago period. Free cash flow in the said period amounted to $54.9 million compared with free cash flow of $216.3 million in the prior-year period. Capital expenditures amounted to $137.9 million compared with $114.5 million a year ago.
Store Update
As of Jul 16, 2016, the company's total store count was 5,192, including 126 Worldpac branches. Advance Auto Parts served roughly 696 independently owned Carquest stores as of that date.
Zacks Rank
Advance Auto Parts currently carries a Zacks Rank #4 (Sell).
Better-ranked automobile stocks include The Goodyear Tire & Rubber Company GT , Fox Factory Holding Corp FOXF and Gentex Corp. GNTX . All the three stocks hold a Zacks Rank #2 (Buy).
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENTEX CORP (GNTX): Free Stock Analysis Report
GOODYEAR TIRE (GT): Free Stock Analysis Report
FOX FACTORY HLD (FOXF): 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 16.3% decrease in adjusted earnings to $1.90 per share in the second quarter (ended Jul 16, 2016) of fiscal 2016 from $2.27 earned in the prior-year quarter. Advance Auto Parts Inc. (AAP) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Revenues dropped 4.8% year over year to $2.26 billion but surpassed the Zacks Consensus Estimate of $2.24 billion. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENTEX CORP (GNTX): Free Stock Analysis Report GOODYEAR TIRE (GT): Free Stock Analysis Report FOX FACTORY HLD (FOXF): 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 PT (AAP): Free Stock Analysis Report GENTEX CORP (GNTX): Free Stock Analysis Report GOODYEAR TIRE (GT): Free Stock Analysis Report FOX FACTORY HLD (FOXF): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reported a 16.3% decrease in adjusted earnings to $1.90 per share in the second quarter (ended Jul 16, 2016) of fiscal 2016 from $2.27 earned in the prior-year quarter. Advance Auto Parts Inc. (AAP) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Revenues dropped 4.8% year over year to $2.26 billion but surpassed the Zacks Consensus Estimate of $2.24 billion.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENTEX CORP (GNTX): Free Stock Analysis Report GOODYEAR TIRE (GT): Free Stock Analysis Report FOX FACTORY HLD (FOXF): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reported a 16.3% decrease in adjusted earnings to $1.90 per share in the second quarter (ended Jul 16, 2016) of fiscal 2016 from $2.27 earned in the prior-year quarter. Advance Auto Parts Inc. (AAP) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Revenues dropped 4.8% year over year to $2.26 billion but surpassed the Zacks Consensus Estimate of $2.24 billion.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENTEX CORP (GNTX): Free Stock Analysis Report GOODYEAR TIRE (GT): Free Stock Analysis Report FOX FACTORY HLD (FOXF): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reported a 16.3% decrease in adjusted earnings to $1.90 per share in the second quarter (ended Jul 16, 2016) of fiscal 2016 from $2.27 earned in the prior-year quarter. Advance Auto Parts Inc. (AAP) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Revenues dropped 4.8% year over year to $2.26 billion but surpassed the Zacks Consensus Estimate of $2.24 billion.
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11653.0
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2016-08-16 00:00:00 UTC
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Advance Auto Parts' (AAP) Q2 Earnings Miss, Fall Y/Y
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q2-earnings-miss-fall-y-y-2016-08-16
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Advance Auto Parts Inc.AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" customers. It 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 enhances profits through its relentless focus on store expansion. The company is poised to benefit as the auto industry continues to show stability with the increasing average age of vehicles, along with a rise in the number of miles driven. However, Advance Auto Parts faces challenges from rising new vehicle sales and price competition.
As a result, investors have been eagerly awaiting Advance Auto Parts' latest earnings report. Let's take a quick look at the company's second-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Advance Auto Parts for the second quarter of 2016 has decreased by a penny to $2.13 over the past seven days.
The company has delivered mixed earnings surprises. It has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters with an average miss of around 1.86%.
Zacks Rank
Advance Auto Parts currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Advance Auto Parts reported earnings of $1.90 per share, which missed the Zacks Consensus Estimate of $2.13. Earnings also decreased 16.3% from $2.27 recorded in the year-ago quarter.
ADVANCE AUTO PT Price and EPS Surprise
ADVANCE AUTO PT Price and EPS Surprise | ADVANCE AUTO PT Quote
Revenues
Advance Auto Parts logged revenues of $2.26 billion, surpassing the Zacks Consensus Estimate of $2.24 billion. Revenues decreased year over year from $2.37 billion posted a year-ago quarter.
Key Stats/Developments to Note
Advance Auto Parts enhances profits through its relentless focus on store expansion. As of Jul 16, 2016, the company's total store count was 5,192, including 126 Worldpac branches. Advance Auto Parts served roughly 696 independently owned Carquest stores as of that date.
Market Reaction
Advance Auto Parts' shares were inactive following the release. 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 Parts' earnings report!
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ADVANCE AUTO PT (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 is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" customers. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. It 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.
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Advance Auto Parts Inc.AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" customers. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. We have highlighted some of the key stats from this just-revealed announcement below: Earnings Advance Auto Parts reported earnings of $1.90 per share, which missed the Zacks Consensus Estimate of $2.13.
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Advance Auto Parts Inc.AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" customers. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank Advance Auto Parts currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released.
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Advance Auto Parts Inc.AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" customers. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Estimate Trend & Surprise History Investors should note that the earnings estimate for Advance Auto Parts for the second quarter of 2016 has decreased by a penny to $2.13 over the past seven days.
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11654.0
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2016-08-16 00:00:00 UTC
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Consumer Sector Update for 08/16/2016: AAP,DKS,HAIN
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AAP
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https://www.nasdaq.com/articles/consumer-sector-update-08162016-aapdkshain-2016-08-16
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Top Consumer Stocks
WMT -0.37%
MCD -0.35%
DIS -0.10%
CVS +0.09%
KO -0.80%
Consumer stocks were moderately lower in late-day trade, with shares of consumer staples companies in the S&P 500 declining 0.3% while shares of consumer discretionary firms in the S&P 500 were sinking 0.4%.
In company news, Advance Auto Parts Inc ( AAP ) declined Tuesday after the specialty retailer today reported adjusted Q2 net income trailing analyst projections.
Excluding one-time items, the company earned $1.90 per share, lagging the Capital IQ consensus by $0.21 per share. Net sales fell 4.8% from year-ago levels to $2.256 billion, roughly in-line with the $2.244 billion Street view. Sales at stores open more than one year dropped 4.1% year-over-year.
AAP shares were down almost 4% at $161.06 apiece, retracing much of their previous slide to a session low of $160.44 a share.
In other sector news,
(+) DKS, Q2 EPS of $0.82 tops analyst projections by $0.13 per share. Revenue rises 8.2% to $1.97 bln, also beating Capital IQ consensus by around $80 mln. Guides Q3 results above Street view. Raises FY16 earnings forecast.
(-) HAIN, Delays reporting Q4 and FY16 financial results. Says it does not expect to meet its prior FY16 outlook.
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, Advance Auto Parts Inc ( AAP ) declined Tuesday after the specialty retailer today reported adjusted Q2 net income trailing analyst projections. AAP shares were down almost 4% at $161.06 apiece, retracing much of their previous slide to a session low of $160.44 a share. In other sector news, (+) DKS, Q2 EPS of $0.82 tops analyst projections by $0.13 per share.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In company news, Advance Auto Parts Inc ( AAP ) declined Tuesday after the specialty retailer today reported adjusted Q2 net income trailing analyst projections. AAP shares were down almost 4% at $161.06 apiece, retracing much of their previous slide to a session low of $160.44 a share.
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In company news, Advance Auto Parts Inc ( AAP ) declined Tuesday after the specialty retailer today reported adjusted Q2 net income trailing analyst projections. AAP shares were down almost 4% at $161.06 apiece, retracing much of their previous slide to a session low of $160.44 a share. Consumer stocks were moderately lower in late-day trade, with shares of consumer staples companies in the S&P 500 declining 0.3% while shares of consumer discretionary firms in the S&P 500 were sinking 0.4%.
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In company news, Advance Auto Parts Inc ( AAP ) declined Tuesday after the specialty retailer today reported adjusted Q2 net income trailing analyst projections. AAP shares were down almost 4% at $161.06 apiece, retracing much of their previous slide to a session low of $160.44 a share. Excluding one-time items, the company earned $1.90 per share, lagging the Capital IQ consensus by $0.21 per share.
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11655.0
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2016-08-16 00:00:00 UTC
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Daily Dividend Report: GPC, WHR, AAP, DKS, BANC, REIS
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AAP
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https://www.nasdaq.com/articles/daily-dividend-report-gpc-whr-aap-dks-banc-reis-2016-08-16
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Genuine Parts Company ( GPC ) declared a regular quarterly cash dividend of sixty-five and three-quarters cents per share on the Company's common stock. The dividend is payable October 3, 2016 to shareholders of record September 9, 2016.
Whirlpool Corporation declared a quarterly dividend of $1.00 per share on the company's common stock. The dividend is payable September 15, 2016, to stockholders of record at the close of business on August 26, 2016.
Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on October 7, 2016 to stockholders of record as of September 23, 2016.
DICK'S Sporting Goods ( DKS ) declared a quarterly dividend in the amount of $0.15125 per share on the Company's Common Stock and Class B Common Stock. The dividend is payable in cash on September 30, 2016 to stockholders of record at the close of business on September 9, 2016.
Banc of California ( BANC ) has declared a quarterly cash dividend of $0.12 per share on its outstanding common stock. The dividend will be payable on October 3, 2016 to stockholders of record as of September 15, 2016.
Reis ( REIS ) declared a regular quarterly cash dividend of $0.17 per common share, to be paid on September 15, 2016 to shareholders of record as of the close of business on September 8, 2016.
VIDEO: Daily Dividend Report: GPC, WHR, AAP, DKS, BANC, REIS
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 ) declared a regular quarterly cash dividend of $0.06 per share to be paid on October 7, 2016 to stockholders of record as of September 23, 2016. VIDEO: Daily Dividend Report: GPC, WHR, AAP, DKS, BANC, REIS 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 $1.00 per share on the company's common stock.
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Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on October 7, 2016 to stockholders of record as of September 23, 2016. VIDEO: Daily Dividend Report: GPC, WHR, AAP, DKS, BANC, REIS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Reis ( REIS ) declared a regular quarterly cash dividend of $0.17 per common share, to be paid on September 15, 2016 to shareholders of record as of the close of business on September 8, 2016.
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Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on October 7, 2016 to stockholders of record as of September 23, 2016. VIDEO: Daily Dividend Report: GPC, WHR, AAP, DKS, BANC, REIS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Genuine Parts Company ( GPC ) declared a regular quarterly cash dividend of sixty-five and three-quarters cents per share on the Company's common stock.
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Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on October 7, 2016 to stockholders of record as of September 23, 2016. VIDEO: Daily Dividend Report: GPC, WHR, AAP, DKS, BANC, REIS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Banc of California ( BANC ) has declared a quarterly cash dividend of $0.12 per share on its outstanding common stock.
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11656.0
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2016-08-15 00:00:00 UTC
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Pre-Market Earnings Report for August 16, 2016 : HD, TJX, AAP, DKS, HTHT, COTY, MOMO, GK, XBIT, UFAB, GWGH
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-august-16-2016-hd-tjx-aap-dks-htht-coty-momo-gk-xbit-ufab-gwgh
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The following companies are expected to report earnings prior to market open on 08/16/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
Home Depot, Inc. ( HD ) is reporting for the quarter ending July 31, 2016. The building company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.96. This value represents a 14.62% 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 7.46%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HD is 21.71 vs. an industry ratio of 17.30, 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, 2016. The discount retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.80. 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 8.57%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for TJX is 23.88 vs. an industry ratio of 77.10.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2016. The wholesale retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $2.13. This value represents a 6.17% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 21.20 vs. an industry ratio of 32.10.
Dick's Sporting Goods Inc ( DKS ) is reporting for the quarter ending July 31, 2016. The retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.68. This value represents a 11.69% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DKS is 19.34 vs. an industry ratio of 7.80, implying that they will have a higher earnings growth than their competitors in the same industry.
China Lodging Group, Limited ( HTHT ) is reporting for the quarter ending June 30, 2016. The hotel company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.38. This value represents a 2.70% increase compared to the same quarter last year. In the past year HTHT has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 100%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for HTHT is 26.23 vs. an industry ratio of 19.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Coty Inc. ( COTY ) is reporting for the quarter ending June 30, 2016. The cosmetic & toiletries company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.06. This value represents a 20.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for COTY is 25.64 vs. an industry ratio of 21.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Momo Inc. ( MOMO ) is reporting for the quarter ending June 30, 2016. The internet software company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.08. This value represents a 700.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for MOMO is 60.00 vs. an industry ratio of -0.60, implying that they will have a higher earnings growth than their competitors in the same industry.
G&K Services, Inc. ( GK ) is reporting for the quarter ending June 30, 2016. The uniform company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.95. This value represents a 14.46% increase compared to the same quarter last year. In the past year GK has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for GK is 22.75 vs. an industry ratio of 22.70, implying that they will have a higher earnings growth than their competitors in the same industry.
XBiotech Inc. ( XBIT ) is reporting for the quarter ending June 30, 2016. The biomedical (gene) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.35. This value represents a 59.09% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 20 days.The days to cover, as reported in the 7/29/2016 short interest update, increased 719.53% from previous report on 7/15/2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for XBIT is -10.63 vs. an industry ratio of -20.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Unique Fabricating, Inc. ( UFAB ) is reporting for the quarter ending June 30, 2016. The consensus earnings per share forecast from the 2 analysts that follow the stock is $0.20. UFAB reported earnings of $0.24 per share for the same quarter a year ago; representing a a decrease of -16.67%.
GWG Holdings, Inc ( GWGH ) is reporting for the quarter ending June 30, 2016. The life insurance company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.44. This value represents a 37.50% decrease compared to the same quarter last year. In the past year GWGH and beat the expectations the other two quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for GWGH is -18.62 vs. an industry ratio of 1.60.
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, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 21.20 vs. an industry ratio of 32.10. The wholesale retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $2.13.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 21.20 vs. an industry ratio of 32.10. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HD is 21.71 vs. an industry ratio of 17.30, 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, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 21.20 vs. an industry ratio of 32.10. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HD is 21.71 vs. an industry ratio of 17.30, 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, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 21.20 vs. an industry ratio of 32.10. In the past year HD has beat the expectations every quarter.
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11657.0
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2016-08-12 00:00:00 UTC
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What's in Store for Advance Auto Parts' (AAP) Q2 Earnings?
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AAP
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https://www.nasdaq.com/articles/whats-in-store-for-advance-auto-parts-aap-q2-earnings-2016-08-12
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Advance Auto Parts Inc.AAP is expected to report second-quarter fiscal 2016 results on Aug 16. In the last quarter, the company posted a negative earnings surprise of 3.83%. Let's see how things are shaping up prior to this announcement.
Factors Influencing This Quarter
Advance Auto Parts drives profits through its relentless focus on store expansion. During fiscal 2015, the company opened 121 stores. In the first-quarter fiscal 2016, the company opened 13 stores. The increase in store count ensures higher availability of parts to customers, thereby leading to higher sales volume.
For fiscal 2016, Advance Auto Parts expects comparable store sales growth to be in the range of negative 3% to 5%, lower than the previous forecast of low-single digits growth and flat comparable store sales in fiscal 2015. It no longer expects to achieve its adjusted operating margin target of 12% and free cash flow of $500 million. Weak annual guidance reduces optimism about any improvement in the company's second-quarter results as well.
In addition, Advance Auto Parts faces challenges from rising new vehicle sales and price competition. This can adversely affect the company's quarterly results.
Earnings Whispers
Our proven model does not conclusively show that Advance Auto Parts is likely to beat 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 -0.94% because the Most Accurate estimate stands at $2.12, while the Zacks Consensus Estimate stands higher at $2.14.
Zacks Rank: Advance Auto Parts carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
ADVANCE AUTO PT Price and EPS Surprise
ADVANCE AUTO PT Price and EPS Surprise | ADVANCE AUTO PT Quote
Stocks to Consider
CarMax Inc. KMX has an Earnings ESP of +3.45% and a Zacks Rank #3. The company's second-quarter fiscal 2017 (ended Aug 31, 2016) financial results are expected to release on Sep 21.
AutoZone, Inc. AZO has a Zacks Rank #3 and will report its fourth-quarter fiscal 2016 (ended Aug 27, 2016) financial numbers on Sep 22.
Navistar International Corp. NAV carries a Zacks Rank #3 and is expected to report its third-quarter fiscal 2016 (ended Jul 31, 2016) results on Sep 7.
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 >>
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
CARMAX GP (CC) (KMX): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
NAVISTAR INTL (NAV): 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 2016 results on Aug 16. Click to get this free report CARMAX GP (CC) (KMX): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report NAVISTAR INTL (NAV): Free Stock Analysis Report To read this article on Zacks.com click here. Factors Influencing This Quarter Advance Auto Parts drives profits through its relentless focus on store expansion.
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Click to get this free report CARMAX GP (CC) (KMX): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report NAVISTAR INTL (NAV): 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 2016 results on Aug 16. For fiscal 2016, Advance Auto Parts expects comparable store sales growth to be in the range of negative 3% to 5%, lower than the previous forecast of low-single digits growth and flat comparable store sales in fiscal 2015.
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Click to get this free report CARMAX GP (CC) (KMX): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report NAVISTAR INTL (NAV): 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 2016 results on Aug 16. For fiscal 2016, Advance Auto Parts expects comparable store sales growth to be in the range of negative 3% to 5%, lower than the previous forecast of low-single digits growth and flat comparable store sales in fiscal 2015.
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Advance Auto Parts Inc.AAP is expected to report second-quarter fiscal 2016 results on Aug 16. Click to get this free report CARMAX GP (CC) (KMX): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report NAVISTAR INTL (NAV): Free Stock Analysis Report To read this article on Zacks.com click here. We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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11658.0
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2016-07-15 00:00:00 UTC
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Commit To Buy Advance Auto Parts At $140, Earn 5% Annualized Using Options
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AAP
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https://www.nasdaq.com/articles/commit-buy-advance-auto-parts-140-earn-5-annualized-using-options-2016-07-15
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nan
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nan
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) stock, but tentative about paying the going market price of $165.21/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $140 strike, which has a bid at the time of this writing of $3.60. Collecting that bid as the premium represents a 2.6% return against the $140 commitment, or a 5% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $140 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Advance Auto Parts Inc sees its shares decline 15.3% and the contract is exercised (resulting in a cost basis of $136.40 per share before broker commissions, subtracting the $3.60 from $140), the only upside to the put seller is from collecting that premium for the 5% annualized rate of return.
Worth considering, is that the annualized 5% figure actually exceeds the 0.1% annualized dividend paid by Advance Auto Parts Inc by 4.9%, based on the current share price of $165.21. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 15.29% to reach the $140 strike price.
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $140 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2017 put at the $140 strike for the 5% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Advance Auto Parts Inc (considering the last 253 trading day closing values as well as today's price of $165.21) to be 32%. For other put options contract ideas at the various different available expirations, visit the AAP Stock Options page of StockOptionsChannel.com.
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) stock, but tentative about paying the going market price of $165.21/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield.
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Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) stock, but tentative about paying the going market price of $165.21/share, might benefit from considering selling puts among the alternative strategies at their disposal. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield.
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In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield. Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) stock, but tentative about paying the going market price of $165.21/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield. For other put options contract ideas at the various different available expirations, visit the AAP Stock Options page of StockOptionsChannel.com. Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) stock, but tentative about paying the going market price of $165.21/share, might benefit from considering selling puts among the alternative strategies at their disposal.
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11659.0
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2016-07-14 00:00:00 UTC
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Chief Executive Officer buys 3,700 Advance Auto Parts shares
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AAP
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https://www.nasdaq.com/articles/chief-executive-officer-buys-3700-advance-auto-parts-shares-2016-07-14
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nan
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nan
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Thomas Greco, Chief Executive officer at Advance Auto Parts ( AAP ), bought 3,700 shares of the company's common stock on June 13. Greco bought the shares at $150.82.00 for a total of $558,034.00.
InvestorsKeyhole Trade Alert
IK-> The technicals for AAP ($163.66 up $1.13) are neutral with an upward trend. Support has been around $161.13 and resistance around $164.85. Look at the September 145/150 bull-put spread for a 40-cent credit. That's a 8.7% return and the stock has to fall 8.3% to cause a problem. [InvestorsKeyhole, Various news and data services]
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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Thomas Greco, Chief Executive officer at Advance Auto Parts ( AAP ), bought 3,700 shares of the company's common stock on June 13. InvestorsKeyhole Trade Alert IK-> The technicals for AAP ($163.66 up $1.13) are neutral with an upward trend. [InvestorsKeyhole, Various news and data services] 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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Thomas Greco, Chief Executive officer at Advance Auto Parts ( AAP ), bought 3,700 shares of the company's common stock on June 13. InvestorsKeyhole Trade Alert IK-> The technicals for AAP ($163.66 up $1.13) are neutral with an upward trend. [InvestorsKeyhole, Various news and data services] 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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Thomas Greco, Chief Executive officer at Advance Auto Parts ( AAP ), bought 3,700 shares of the company's common stock on June 13. InvestorsKeyhole Trade Alert IK-> The technicals for AAP ($163.66 up $1.13) are neutral with an upward trend. [InvestorsKeyhole, Various news and data services] 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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Thomas Greco, Chief Executive officer at Advance Auto Parts ( AAP ), bought 3,700 shares of the company's common stock on June 13. InvestorsKeyhole Trade Alert IK-> The technicals for AAP ($163.66 up $1.13) are neutral with an upward trend. Greco bought the shares at $150.82.00 for a total of $558,034.00.
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11660.0
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2016-07-11 00:00:00 UTC
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20 Giant Retailers With the Strongest Stock in the Past Decade
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AAP
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https://www.nasdaq.com/articles/20-giant-retailers-strongest-stock-past-decade-2016-07-11
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nan
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nan
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Some of the best retailers in the U.S. have had high-performing stocks in the last 10 years. In fact, if you've invested in some of the biggest retailers in the last decade, you're probably pretty happy with the returns. Yet, whether these stocks are good investments today depends on their future prospects.
Although this list probably won’t make you a bundle today, it’s entertaining to look at historical stock market performance. The investment returns are calculated from July 1, 2006, through June 25, 2016, unless otherwise noted.
Take a look at the following best-performing retail stocks of the last decade, listed from lowest to highest annualized rates of return. Then, be sure to read through for tips on how to spot good stocks to invest in today.
20. Target Corp. (TGT)
Stock price July 1, 2006: $39.88
Stock price June 25, 2016: $69.35
Annualized return, according to dqydj.com: 5.60 percent
Value today of $1,000 invested on July 1, 2006, according to dqydj.com: $1,724.27
The well-merchandised Target brand spans the product spectrum: food, home goods, personal care, music, movies, books, sporting goods, toys, electronics, apparel for the entire family, jewelry, shoes and more, according to the company's profile on Yahoo Finance. You’ll find Target products both online and in stores.
19. Wal-Mart Stores Inc. (WMT)
Stock price July 1, 2006: $38.26
Stock price June 25, 2016: $71.96
Annualized return: 6.45 percent
Value today of $1,000 invested on July 1, 2006: $1,866.60
Thinking about investing in Walmart stock? This retail behemoth operates worldwide with its Walmart U.S., Walmart International and Sam’s Club stores. Its store varieties include discount stores, supermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drugstores, convenience stores and membership-only warehouse clubs, according to Yahoo.
18. Finish Line Inc. (FINL)
Stock price July 1, 2006: $10.49
Stock price June 25, 2016: $20.45
Annualized return: 6.82 percent
Value today of $1,000 invested on July 1, 2006: $1,934.03
Finish Line Inc. is a U.S.-based retailer of sports shoes, clothing and accessories. The two divisions are the Finish Line and JackRabbit. Finish Line also fulfills Macy’s athletic shoes departments both online and in-house, according to Yahoo. The online Finish Line brand operates JackRabbit.com and BoulderRunningCompany.com.
17. Walgreens (WBA)
Stock price July 1, 2006: $37.47
Stock price June 25, 2016: $81.78
Annualized return for former ticker WAG from July 1, 2006, to Dec. 31, 2014: 8.44 percent
Value on Dec. 31, 2014 of $1,000 invested on July 1, 2006: $1,990.42
The Walgreens Boots Alliance, Inc., is a pharmacy-driven health and wellness company. It has three segments, including retail pharmacy U.S.A., retail pharmacy international and pharmaceutical wholesale, according to Yahoo. In many locations, the retail pharmacy U.S.A. transitioned into small grocery and convenience stores.
The company reach includes Walgreens and Duane Reade stores, specialty clinics, Boots Pharmaceuticals, Botanics, optical stores and more. And among the many giant retailers, it offers plenty of ways to save money on everyday items.
16. Dunkin’ Brands Group, Inc. (DNKN)
Stock price July 27, 2011 — earliest date available: $25.38
Stock price June 25, 2016: $42.32
Annualized return, July 30, 2011, to June 25, 2016: 9.95 percent
Value today of $1,000 invested on July 30, 2011: $1,593.37
The Dunkin’ Brands Group includes both the Dunkin' Donuts and Baskin-Robbins brands worldwide. Its product menu includes coffee, pastries, sandwiches, ice cream, yogurt and other delectable treats. The Baskin-Robbins shops focus on the frozen treat items, while Dunkin’ carries the rest. In addition to corporate-owned stores, Dunkin’ franchisees own stores in the U.S. and abroad, according to Yahoo.
15. Foot Locker, Inc. (FL)
Stock price July 1, 2006: $18.05
Stock price June 25, 2016: $53.11
Annualized return: 11.36 percent
Value today of $1,000 invested on July 1, 2006: $2,929.24
If you’re seeking athletic clothing and shoes, Foot Locker sells its merchandise in-store and online. Foot Locker, Inc., stores include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point and Sidestep. The company was founded in 1879.
14. Lowe's Companies, Inc. (LOW)
Stock price July 1, 2006: $25.81
Stock price June 25, 2016: $77.06
Annualized return: 11.49 percent
Value today of $1,000 invested on July 1, 2006: $2,964.40
Similar to Home Depot, this big-box home improvement retailer sells home maintenance, repair, remodeling and decorating products. Its categories span lumber and building materials, tools and hardware, appliances, fashion fixtures, lawn and garden and more. Lowe's also broadens its reach by offering third-party installation and repair services, according to Yahoo.
13. Starbucks Corporation (SBUX)
Stock price July 1, 2006: $17.24
Stock price June 25, 2016: $54.68
Annualized return: 12.44 percent
Value today of $1,000 invested on July 1, 2006: $3,225.68
Founded in 1985, the Starbucks Corporation roasts, markets and sells specialty coffee worldwide. Its stores also offer food, retail products and more. The Starbucks brands include Starbucks, Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange, Ethos, Starbucks VIA, Seattle’s Best Coffee, Frappuccino, Starbucks Doubleshot, Starbucks Refreshers and Starbucks Discoveries Iced Café Favorites, according to Yahoo.
12. Costco Wholesale Corporation (COST)
Stock price July 1, 2006: $46.09
Stock price June 25, 2016: $155.56
Annualized return: 13.04 percent
Value today of $1,000 invested on July 1, 2006: $3,404.38
Costco’s membership warehouses sell branded and private-label products in an expansive range of categories. From food to appliances, electronics, health and beauty aids, hardware, garden and clothing. Additionally, Costco operates gas stations, pharmacies, food courts, optical and hearing aid centers, and more, according to Yahoo.
11. CVS Health Corporation (CVS)
Stock price July 1, 2006: $27.29
Stock price June 25, 2016: $93.54
Annualized return: 13.13 percent
Value today of $1,000 invested on July 1, 2006: $3,428.92
CVS is more than a corner drugstore. This major retailer provides health and household products, as well as integrated pharmacy and healthcare services. The company stores include CVS Pharmacy, CVS, Longs Drugs, Navarro Discount Pharmacy and Drogaria Onofre, and are located in the U.S., Puerto Rico and Brazil, according to Yahoo.
10. The Kroger Co. (KR)
Stock price July 1, 2006: $9.39
Stock price June 25, 2016: $35.14
Annualized return: 14.07 percent
Value today of $1,000 invested on July 1, 2006: $3,725.59
Not just a grocery store chain, The Kroger Co. is a major U.S. retailer. The company manufactures and sells food in its supermarkets. In addition, the company has its hand in drugstores, multi-department stores, jewelry stores and more, according to Yahoo. Some of its operating brands include Ralphs, Fred Meyer, King Soopers, as well as Simple Truth and Simple Truth Organic brands.
9. Carter's, Inc. (CRI)
Stock price July 1, 2006: $25.58
Stock price June 25, 2016: $103.20
Annualized return: 14.85 percent
Value today of $1,000 invested on July 1, 2006: $3,987.47
Carter’s broad reach includes Carter's, Child of Mine, Just One You, Precious Firsts, OshKosh and other brands. Its products span the baby and children’s market with toys, clothes and accessories. You can outfit your baby or child at a stand-alone Carter’s outlet, or find its products merchandised at various department stores, according to Yahoo.
8. The Home Depot, Inc. (HD)
Stock price July 1, 2006: $27.45
Stock price June 25, 2016: $126.40
Annualized return: 16.49 percent
Value today of $1,000 invested on July 1, 2006: $4,594.44
The Home Depot, Inc., offers everything required for your home improvement projects — from building materials, lawn and garden products, to paint and closet organizing systems. Through third-party partnerships, the company has broadened its offerings to include roofing, siding, windows, cabinet refacing, furnaces and central air systems, along with installation services, according to Yahoo.
7. McDonald's Corp. (MCD)
Stock price July 1, 2006: $24.36
Stock price June 25, 2016: $119.44
Annualized return: 17.15 percent
Value today of $1,000 invested on July 1, 2006: $4,861.79
Since 1940, McDonald's restaurants pioneered the fast-food industry. The company serves food, drinks and dessert for breakfast, lunch and dinner. The company has branched out and customized its offerings throughout Asia/Pacific, the Middle East, Africa, Canada and Latin America, according to Yahoo.
6. Advance Auto Parts, Inc. (AAP)
Stock price July 1, 2006: $27.74
Stock price June 25, 2016: $154.52
Annualized return: 18.74 percent
Value today of $1,000 invested on July 1, 2006: $5,565.03
If it’s car-related, then you can probably buy it at Advance Auto Parts, Inc. The company and its subsidiaries offer an expansive list of auto parts. Its services include product installations and auto systems testing, as well.
5. The TJX Companies, Inc. (TJX)
Stock price July 1, 2006: $10.09
Stock price June 25, 2016: $74.66
Annualized return: 22.56 percent
Value today of $1,000 invested on July 1, 2006: $7,633.13
Another bargain hunter’s paradise, the TJX family includes T.J. Maxx, Marshalls, HomeGoods and several other entities in the U.S. and abroad. This shopper’s wonderland sells off-price clothing, shoes, accessories and home goods, according to Yahoo. The company was established in 1956.
4. Dollar General Corporation (DG)
Stock price Nov. 13, 2009, the date the company went public: $22.33
Stock price June 25, 2016: $92.13
Annualized return: 23.56 percent
Value today of $1,000 invested on Nov. 13, 2009: $4,053.23
Dollar General stores offer a vast array of food, cleaning, clothing, personal care, toys, small electronics, prepaid phones, gardening, hardware and other products for rock-bottom prices. Its stores are located throughout the South, Southwest, Midwest and Eastern sections of the U.S., according to Yahoo.
3. Ross Stores, Inc. (ROST)
Stock price July 1, 2006: $6.31
Stock price June 25, 2016: $54.42
Annualized return: 24.04 percent
Value today of $1,000 invested on July 1, 2006: $8,603.89
Treasure-hunt at Ross and its subsidiaries for off-price clothing, accessories and home décor items. From shoes to dog beds, Ross offers items at 20 to 60 percent off department store prices, according to Yahoo.
2. Dollar Tree, Inc. (DLTR)
Stock price July 1, 2006: $8.83
Stock price June 25, 2016: $91.89
Annualized return: 26.52 percent
Value today of $1,000 invested on July 1, 2006: $10,490.37
Dollar Tree, Inc., has two segments: Dollar Tree and Family Dollar. Shopping at the Dollar Tree, you’ll find an abundance of branded goods all for $1 or less. Family Dollar offers well-known brands at rock-bottom prices. Both store brands span the shopping sphere with everyday household items, including paper goods, food, toys, durable housewares, gifts, party goods and greeting cards, as well as seasonal merchandise for Valentine's Day, Easter, Halloween and Christmas, according to Yahoo.
1. Amazon.com, Inc. (AMZN)
Stock price July 1, 2006: $38.68
Stock price June 25, 2016: $698.96
Annualized return: 33.60 percent
Value today of $1,000 invested on July 1, 2006: $18,070.32
Amazon has grown from a bookseller to the purveyor of everything. Through its international and third-party partnerships, you can buy electronics, tablets, books, clothes, toys, televisions, mobile phones, household items and more, according to Yahoo. The company is also venturing into television production and co-branded credit cards.
Best Stocks to Buy
Just because stocks have performed well in the past doesn't guarantee they’ll continue to grow into the future. Use these business ratios to find good stock prospects:
Price earnings (PE) ratio: This is the price an investor pays for $1 of a company’s earnings. Divide the current price with the current earnings per share to find the ratio. Compare this ratio to the industry and the company’s past PE ratio to find out if the company seems over- or undervalued.
Current ratio: Company’s current assets vs. current liabilities. The higher ratio means the company has more cash to pay off its current liabilities, according to the American Association of Individual Investors.
Debt-to-equity ratio: This ratio explains the percent of a company’s total equity that is financed by debt. Keep this one within a reasonable range for the industry, according to the AAII.
Net profit margin: This margin compares a company’s net income to net revenue. The wider the margin, the more profitable the company, according to the AAII.
Return on equity: This ratio measures the company’s net income, less preferred dividends, with total stockholder’s equity, according to the AAII. Higher is better.
This article was originally published on GOBankingRates.com.
Plus:
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20 Hobbies of the Rich Only They Can Afford
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) Stock price July 1, 2006: $27.74 Stock price June 25, 2016: $154.52 Annualized return: 18.74 percent Value today of $1,000 invested on July 1, 2006: $5,565.03 If it’s car-related, then you can probably buy it at Advance Auto Parts, Inc. Target Corp. (TGT) Stock price July 1, 2006: $39.88 Stock price June 25, 2016: $69.35 Annualized return, according to dqydj.com: 5.60 percent Value today of $1,000 invested on July 1, 2006, according to dqydj.com: $1,724.27 The well-merchandised Target brand spans the product spectrum: food, home goods, personal care, music, movies, books, sporting goods, toys, electronics, apparel for the entire family, jewelry, shoes and more, according to the company's profile on Yahoo Finance. Through third-party partnerships, the company has broadened its offerings to include roofing, siding, windows, cabinet refacing, furnaces and central air systems, along with installation services, according to Yahoo.
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Advance Auto Parts, Inc. (AAP) Stock price July 1, 2006: $27.74 Stock price June 25, 2016: $154.52 Annualized return: 18.74 percent Value today of $1,000 invested on July 1, 2006: $5,565.03 If it’s car-related, then you can probably buy it at Advance Auto Parts, Inc. Its store varieties include discount stores, supermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drugstores, convenience stores and membership-only warehouse clubs, according to Yahoo. Dunkin’ Brands Group, Inc. (DNKN) Stock price July 27, 2011 — earliest date available: $25.38 Stock price June 25, 2016: $42.32 Annualized return, July 30, 2011, to June 25, 2016: 9.95 percent Value today of $1,000 invested on July 30, 2011: $1,593.37 The Dunkin’ Brands Group includes both the Dunkin' Donuts and Baskin-Robbins brands worldwide.
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Advance Auto Parts, Inc. (AAP) Stock price July 1, 2006: $27.74 Stock price June 25, 2016: $154.52 Annualized return: 18.74 percent Value today of $1,000 invested on July 1, 2006: $5,565.03 If it’s car-related, then you can probably buy it at Advance Auto Parts, Inc. Target Corp. (TGT) Stock price July 1, 2006: $39.88 Stock price June 25, 2016: $69.35 Annualized return, according to dqydj.com: 5.60 percent Value today of $1,000 invested on July 1, 2006, according to dqydj.com: $1,724.27 The well-merchandised Target brand spans the product spectrum: food, home goods, personal care, music, movies, books, sporting goods, toys, electronics, apparel for the entire family, jewelry, shoes and more, according to the company's profile on Yahoo Finance. Dunkin’ Brands Group, Inc. (DNKN) Stock price July 27, 2011 — earliest date available: $25.38 Stock price June 25, 2016: $42.32 Annualized return, July 30, 2011, to June 25, 2016: 9.95 percent Value today of $1,000 invested on July 30, 2011: $1,593.37 The Dunkin’ Brands Group includes both the Dunkin' Donuts and Baskin-Robbins brands worldwide.
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Advance Auto Parts, Inc. (AAP) Stock price July 1, 2006: $27.74 Stock price June 25, 2016: $154.52 Annualized return: 18.74 percent Value today of $1,000 invested on July 1, 2006: $5,565.03 If it’s car-related, then you can probably buy it at Advance Auto Parts, Inc. Target Corp. (TGT) Stock price July 1, 2006: $39.88 Stock price June 25, 2016: $69.35 Annualized return, according to dqydj.com: 5.60 percent Value today of $1,000 invested on July 1, 2006, according to dqydj.com: $1,724.27 The well-merchandised Target brand spans the product spectrum: food, home goods, personal care, music, movies, books, sporting goods, toys, electronics, apparel for the entire family, jewelry, shoes and more, according to the company's profile on Yahoo Finance. Dunkin’ Brands Group, Inc. (DNKN) Stock price July 27, 2011 — earliest date available: $25.38 Stock price June 25, 2016: $42.32 Annualized return, July 30, 2011, to June 25, 2016: 9.95 percent Value today of $1,000 invested on July 30, 2011: $1,593.37 The Dunkin’ Brands Group includes both the Dunkin' Donuts and Baskin-Robbins brands worldwide.
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11661.0
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2016-07-08 00:00:00 UTC
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New Strong Sell Stocks for July 8th
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AAP
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-july-8th-2016-07-08
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
· Advance Auto Parts Inc.AAP engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The Zacks Consensus Estimate for its current year earnings has been revised 0.1% downward over the last 30 days.
· Aviva plcAV provides long-term insurance and savings, general and health insurance, and fund management products and services worldwide. The Zacks Consensus Estimate for its current year earnings has declined 5.9% over the last 30 days.
· Bank of the Ozarks, Inc.OZRK operates as a bank holding company for Bank of the Ozarks that provides various banking products and services. It has seen the Zacks Consensus Estimate for its current year earnings being revised 1.5% downward over the last 30 days.
· Bob Evans Farms, Inc.BOBE owns and operates full-service restaurants under the Bob Evans Restaurants brand in the United States. The Zacks Consensus Estimate revision for its current year earnings was a negative 5.9% over the last 30 days.
· Builders FirstSource, Inc.BLDR manufactures and supplies building materials, manufactured components, and construction services to professional contractors, sub-contractors, and consumers in the United States. The Zacks Consensus Estimate for its current year earnings has moved 0.7% lower over the last 30 days.
View the entire Zacks Rank #5 List
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
BANK OZARKS (OZRK): Free Stock Analysis Report
BUILDERS FIRSTS (BLDR): Free Stock Analysis Report
AVIVA PLC-ADR (AV): Free Stock Analysis Report
BOB EVANS FARMS (BOBE): 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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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: · Advance Auto Parts Inc.AAP engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report BANK OZARKS (OZRK): Free Stock Analysis Report BUILDERS FIRSTS (BLDR): Free Stock Analysis Report AVIVA PLC-ADR (AV): Free Stock Analysis Report BOB EVANS FARMS (BOBE): Free Stock Analysis Report To read this article on Zacks.com click here. It has seen the Zacks Consensus Estimate for its current year earnings being revised 1.5% downward over the last 30 days.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report BANK OZARKS (OZRK): Free Stock Analysis Report BUILDERS FIRSTS (BLDR): Free Stock Analysis Report AVIVA PLC-ADR (AV): Free Stock Analysis Report BOB EVANS FARMS (BOBE): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: · Advance Auto Parts Inc.AAP engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. · Bob Evans Farms, Inc.BOBE owns and operates full-service restaurants under the Bob Evans Restaurants brand in the United States.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report BANK OZARKS (OZRK): Free Stock Analysis Report BUILDERS FIRSTS (BLDR): Free Stock Analysis Report AVIVA PLC-ADR (AV): Free Stock Analysis Report BOB EVANS FARMS (BOBE): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: · Advance Auto Parts Inc.AAP engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The Zacks Consensus Estimate for its current year earnings has been revised 0.1% downward over the last 30 days.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: · Advance Auto Parts Inc.AAP engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report BANK OZARKS (OZRK): Free Stock Analysis Report BUILDERS FIRSTS (BLDR): Free Stock Analysis Report AVIVA PLC-ADR (AV): Free Stock Analysis Report BOB EVANS FARMS (BOBE): 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 0.1% downward over the last 30 days.
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11662.0
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2016-07-06 00:00:00 UTC
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Amazon, Advance Auto Parts, BlackBerry, Apple and Alphabet highlighted as Zacks Bull and Bear of the Day
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AAP
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https://www.nasdaq.com/articles/amazon-advance-auto-parts-blackberry-apple-and-alphabet-highlighted-as-zacks-bull-and-bear
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For Immediate Release
Chicago, IL - July 06, 2016 - Zacks Equity Research highlights Amazon ( AMZN ) as the Bull of the Day and Advance Auto Parts ( AAP ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on BlackBerry Ltd. ( BBRY ), Apple Inc. ( AAPL ) and Alphabet Inc. ( GOOGL ).
Here is a synopsis of all five stocks:
Bull of the Day:
As Amazon ( AMZN ) finally starts turning the valves on profit and generating strong new sources of revenue through AWS, the numbers are impressive.
This year's estimated sales haul is expected to top $134 billion, representing 25.5% annual growth.
And the EPS growth shows more of those sales hitting the bottom line with 330% projected profit acceleration.
It was the bump in the 2016 EPS consensus from $4.60 to $5.38 in the past 90 days that kept AMZN shares a Zacks #2 Rank or higher in the second quarter.
Now, with the upward nudge for 2017 estimates from $9.64 to $9.82, representing 83% EPS growth for next year, AMZN is back to a Zacks #1 Rank.
Amazon Smashes 1Q Earnings Estimates, AWS Still The Star
Amazon's first-quarter EPS of 1.07 beat the Zacks Consensus Estimate of $0.61 by 75%. The North America and AWS segments were strong contributors to profits while investments in international continued. Non operating income also increased.
The company continued to impress investors as a leading provider of cloud infrastructure services to enterprise customers. The Amazon Web Services (AWS) business generated revenue of $2.56 billion in Q1, growing at over 60% year over year in each of the last four quarters.
Even more encouraging is the fact that AWS generates much stronger margins than the traditional retail business, which should remain a positive for the company's profitability as it continues to grow in the mix.
This is despite the fact that Amazon has been consistently slashing prices to deal with growing competition, particularly from Microsoft and Google. This business is a major reason for the upward revision to analyst estimates since the company last reported earnings.
And the optimistic analyst outlook our AWS is projected into 2017 with 20% projected sales growth of over $160 billion.
Bear of the Day :
Advance Auto Parts ( AAP ) is a Zacks #5 Rank (Strong Sell) whose shares may be in for a fall as they just hit an eight-month resistance ceiling at $165 and earnings estimates continue to come down.
In the last 60 days, full year 2016 EPS estimates have dropped from $8.81 to $7.80. And 2017 profit projections fell from $9.78 to $8.67.
Here's the background on why analysts took EPS estimates down over 10% for the next two years...
On May 19, Advance Auto Parts reported a 5% increase in adjusted earnings to $2.51 per share in the first quarter of fiscal 2016 (ended Apr 23, 2016) from $2.39 in the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $2.61. Adjusted net earnings improved 5.5% to $186.1 million from $176.5 million in the first quarter of fiscal 2015.
Revenues dropped 1.9% year over year to $2.98 billion and fell short of the Zacks Consensus Estimate of $3.01 billion. The decline resulted from a fall in comparable store sales. Comparable store sales slipped 1.9% in the reported quarter as against 0.7% growth recorded a year ago. The drop in comparable store sales was due to service shortfall and lower demand resulting from unfavorable weather.
Guidance Lowered
Advance Auto Parts expects comparable store sales to be in the range of negative 3% to negative 5%, lower than the previous forecast of low-single digits growth. The revised outlook is based on the company's performance in the reported quarter. The company no longer expects to achieve its adjusted operating margin target of 12% and free cash flow of $500 million.
Additionally, it expects to incur capital expenditures in the band of $260-$280 million in fiscal 2016. Income tax rate will likely be in the range of 37.5%-38%.
Additional content:
BlackBerry Kills Off Classic Smartphone, Stock Down 3%
On Tuesday, shares of smartphone maker BlackBerry Ltd. ( BBRY ) are falling, down over 3% in afternoon trading after the company announced it will discontinue the BlackBerry Classic, an iconic cell phone that was a popular choice among consumers before the touchscreen smartphone, and known for its iconic QWERTY keyboard.
Ralph Pini, Blackberry's chief operating officer and general manager for devices, said in a blog post that "To keep innovating and advancing our portfolio, we are updating our smartphone lineup with state of the art devices. As part of this, and after many successful years in the market, we will no longer manufacture BlackBerry Classic."
The Classic "has been an incredible workhorse device for customers, exceeding all expectations," Pini continued. "But, [it] has long surpassed the average lifespan for a smartphone in today's market. We are ready for this change so we can give our customers something better-entrenched in our legacy in security and pedigree in making the most productive smartphone."
Classic owners should make sure to check with their carriers for device availability, or they can also purchase unlocked versions of Classic online while supplies last.
BlackBerry's decision to stop producing the Classic smartphone has been a long time coming. In recent years, many businesses and consumers have ditched the BlackBerry in favor of Apple Inc.'s ( AAPL ) iPhone and Alphabet Inc.'s ( GOOGL ) Android-powered touchscreen smartphones. And just last week, Politico reported that the U.S. Senate will no longer issue BlackBerry devices to staffers.
BBRY stock is down nearly 30% this year, and currently sits at a #3 (Hold) on the Zacks Rank.
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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.
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Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
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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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AMAZON.COM INC (AMZN): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
APPLE INC (AAPL): Free Stock Analysis Report
BLACKBERRY LTD (BBRY): Free Stock Analysis Report
ALPHABET INC-A (GOOGL): 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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Bear of the Day : Advance Auto Parts ( AAP ) is a Zacks #5 Rank (Strong Sell) whose shares may be in for a fall as they just hit an eight-month resistance ceiling at $165 and earnings estimates continue to come down. For Immediate Release Chicago, IL - July 06, 2016 - Zacks Equity Research highlights Amazon ( AMZN ) as the Bull of the Day and Advance Auto Parts ( AAP ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on BlackBerry Ltd. ( BBRY ), Apple Inc. ( AAPL ) and Alphabet Inc. ( GOOGL ).
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In addition, Zacks Equity Research provides analysis on BlackBerry Ltd. ( BBRY ), Apple Inc. ( AAPL ) and Alphabet Inc. ( GOOGL ). Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report BLACKBERRY LTD (BBRY): Free Stock Analysis Report ALPHABET INC-A (GOOGL): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - July 06, 2016 - Zacks Equity Research highlights Amazon ( AMZN ) as the Bull of the Day and Advance Auto Parts ( AAP ) as the Bear of the Day.
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Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report BLACKBERRY LTD (BBRY): Free Stock Analysis Report ALPHABET INC-A (GOOGL): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - July 06, 2016 - Zacks Equity Research highlights Amazon ( AMZN ) as the Bull of the Day and Advance Auto Parts ( AAP ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on BlackBerry Ltd. ( BBRY ), Apple Inc. ( AAPL ) and Alphabet Inc. ( GOOGL ).
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Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report BLACKBERRY LTD (BBRY): Free Stock Analysis Report ALPHABET INC-A (GOOGL): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - July 06, 2016 - Zacks Equity Research highlights Amazon ( AMZN ) as the Bull of the Day and Advance Auto Parts ( AAP ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on BlackBerry Ltd. ( BBRY ), Apple Inc. ( AAPL ) and Alphabet Inc. ( GOOGL ).
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11663.0
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2016-07-06 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-2016-07-06
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Advance Auto Parts (AAP) is a Zacks #5 Rank (Strong Sell) whose shares may be in for a fall as they just hit an eight-month resistance ceiling at $165 and earnings estimates continue to come down.
In the last 60 days, full year 2016 EPS estimates have dropped from $8.81 to $7.80. And 2017 profit projections fell from $9.78 to $8.67.
Here's the background on why analysts took EPS estimates down over 10% for the next two years...
On May 19, Advance Auto Parts reported a 5% increase in adjusted earnings to $2.51 per share in the first quarter of fiscal 2016 (ended Apr 23, 2016) from $2.39 in the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $2.61. Adjusted net earnings improved 5.5% to $186.1 million from $176.5 million in the first quarter of fiscal 2015.
Revenues dropped 1.9% year over year to $2.98 billion and fell short of the Zacks Consensus Estimate of $3.01 billion. The decline resulted from a fall in comparable store sales. Comparable store sales slipped 1.9% in the reported quarter as against 0.7% growth recorded a year ago. The drop in comparable store sales was due to service shortfall and lower demand resulting from unfavorable weather.
Guidance Lowered
Advance Auto Parts expects comparable store sales to be in the range of negative 3% to negative 5%, lower than the previous forecast of low-single digits growth. The revised outlook is based on the company's performance in the reported quarter. The company no longer expects to achieve its adjusted operating margin target of 12% and free cash flow of $500 million.
Additionally, it expects to incur capital expenditures in the band of $260-$280 million in fiscal 2016. Income tax rate will likely be in the range of 37.5%-38%.
Advance Auto Parts enhances profits through its relentless focus on store expansion. In 2016, the company plans to open 65-75 new stores, including Worldpac branches. As of Apr 23, 2016, the company's total store count was 5,211, including 125 Worldpac branches. Advance Auto Parts served roughly 768 independently owned Carquest stores as of that date.
While the consumer auto market remains robust, AAP may be experiencing its own growing pains. Until this earnings momentum turns around, it's probably best to stay on the sidelines here. The Zacks Rank will let you know.
Kevin Cook is a Senior Stock Strategist for Zacks Investment Research.
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ADVANCE AUTO PT (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) is a Zacks #5 Rank (Strong Sell) whose shares may be in for a fall as they just hit an eight-month resistance ceiling at $165 and earnings estimates continue to come down. While the consumer auto market remains robust, AAP may be experiencing its own growing pains. Click to get this free report ADVANCE AUTO PT (AAP): 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 PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP) is a Zacks #5 Rank (Strong Sell) whose shares may be in for a fall as they just hit an eight-month resistance ceiling at $165 and earnings estimates continue to come down. While the consumer auto market remains robust, AAP may be experiencing its own growing pains.
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Advance Auto Parts (AAP) is a Zacks #5 Rank (Strong Sell) whose shares may be in for a fall as they just hit an eight-month resistance ceiling at $165 and earnings estimates continue to come down. While the consumer auto market remains robust, AAP may be experiencing its own growing pains. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Advance Auto Parts (AAP) is a Zacks #5 Rank (Strong Sell) whose shares may be in for a fall as they just hit an eight-month resistance ceiling at $165 and earnings estimates continue to come down. While the consumer auto market remains robust, AAP may be experiencing its own growing pains. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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11664.0
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2016-06-30 00:00:00 UTC
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Auto Stock Roundup: Ford's Indonesian Dealers Seek Compensation, GM to Invest in Plant
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-fords-indonesian-dealers-seek-compensation-gm-to-invest-in-plant-2016
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The auto sector witnessed many positive and negative developments over the last week. While Brexit caused a turmoil in global markets, Ford Motor Co.'s F planned exit from Indonesia was not free from trouble either. Meanwhile, Toyota Motor Corporation TM is busy dealing with recalls.
Among the positive developments, General Motors Company GM announced a $290 million investment in one of its U.S. plants, while both Toyota and Honda Motor Co., Ltd. HMC reported strong production volumes for May. Meanwhile, reports emerged that Tesla Motors, Inc. TSLA is planning to launch a variant of Model X in China.
(Read the previous roundup here: Auto Stock Roundup for Jun 23, 2016 )
Recap of the Week's Most Important Stories
1. General Motors announced an investment worth $290 million in its Bowling Green Assembly plant to improve and revamp the facility's vehicle assembly operations with new technologies and processes. Of the total, $153 million will be utilized for an application to participate in the Kentucky Business Incentive. General Motors will start the upgrade this summer (read more: GM Invests $290M for Upgrades at Bowling Green Assembly ).
2. Following Ford's January announcement that it will discontinue operations in Indonesia by the end of this year, six Indonesian dealers are seeking compensation worth $75 million. These dealers, which manage 31 Ford dealerships in Indonesia and account for 85% of its total sales in the country, are threatening to file a lawsuit in Jakarta if the company refuses to pay (read more: Ford's Indonesian Dealers Seek $75M in Compensation ).
3. Toyota announced that it is recalling 3.37 million vehicles globally for two separate issues. In the first case, Toyota stated that evaporative fuel emissions' control units in 2.87 million Prius, Auris compact hatchback and Corolla models may crack. This crack can expand, eventually causing the fuel to leak.
The second recall involves 1.43 million cars worldwide with defective airbags. The vehicles recalled mainly include the Prius hybrid, Prius plug-in and the Lexus CT200h manufactured from Oct 2008 to Apr 2012. A small crack in some of the inflators in the driver and passenger side airbags of these vehicles may expand. This may cause the airbags to partially inflate, thereby increasing the risk of injury (read more: Toyota Recalls 3.37M Vehicles Worldwide on Safety Issues ).
4. Tesla will be introducing Model X 75D in the Chinese market on Jul 2, according to sources. Model X 75D is expected to cost 850,000 yuan or around $128,000. The vehicle, featuring a 75kWh battery, will offer a range of 237 miles. Tesla's Model X 75D will be the new base model of the Chinese Model X lineup that also consists of the 90D and the P90D. Model X was officially launched in China last month (read more: Tesla Set to Launch Model X 75D in China in July ).
5. Toyota and Honda reported their May production data. Honda's production in Japan surged 29.4% to 56,652 units in the month. Production outside Japan increased 9.4% to 341,419 units, which was a record high for the month of May. Consequently, worldwide production volume for May was 398,071 units, up 11.8% from May 2015. The automaker's global production volume was a record high for the month of May.
Toyota's total worldwide production surged 11.2% year over year to 837,775 units in May 2016. This was backed by a 10.6% rise in production in Japan to 300,299 units and an 11.5% increase in production outside Japan to 537,476 units.
Performance
Auto sector companies had mixed fortunes on the stock market last week. With a gain of 6.9%, Tesla was leading the winners among the stocks listed below, while Ford lost the most over the week.
Over the last six months, Honda lost the most among the stocks listed below. Advance Auto Parts, Inc. AAP was the biggest gainer over this period.
Auto-Tires-Trucks Sector Price Index
Auto-Tires-Trucks Sector Price Index
What's Next in the Auto Space?
On Jul 1, 2016, automakers will report their U.S. sales data for June and first-half 2016.
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 >>
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 CO (F): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENERAL MOTORS (GM): 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 the biggest gainer over this period. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Following Ford's January announcement that it will discontinue operations in Indonesia by the end of this year, six Indonesian dealers are seeking compensation worth $75 million.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP was the biggest gainer over this period. Among the positive developments, General Motors Company GM announced a $290 million investment in one of its U.S. plants, while both Toyota and Honda Motor Co., Ltd. HMC reported strong production volumes for May.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP was the biggest gainer over this period. Among the positive developments, General Motors Company GM announced a $290 million investment in one of its U.S. plants, while both Toyota and Honda Motor Co., Ltd. HMC reported strong production volumes for May.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP was the biggest gainer over this period. Among the positive developments, General Motors Company GM announced a $290 million investment in one of its U.S. plants, while both Toyota and Honda Motor Co., Ltd. HMC reported strong production volumes for May.
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11665.0
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2016-06-27 00:00:00 UTC
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New Strong Sell Stocks for June 27th
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AAP
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-june-27th-2016-06-27
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
• Advance Auto Parts Inc.AAP is a specialty retailer of automotive parts, accessories and maintenance items to do-it-yourself customers. The Zacks Consensus Estimate for its current year earnings has been revised 0.8% downward over the last 30 days.
• Delta Air Lines, Inc.DAL offers passenger and cargo air transportation services in the U.S. and throughout the globe. The Zacks Consensus Estimate for its current year earnings has declined 3.9% over the last 30 days.
• Liberty Tax, Inc.TAX operates as a franchisor and operator of a system of income tax preparation. It has seen the Zacks Consensus Estimate for its current year earnings being revised 5.9% downward over the last 30 days.
• NexPoint Residential Trust, Inc.NXRT is engaged in acquiring, owning, operating and selectively developing multifamily properties. The Zacks Consensus Estimate revision for its current year earnings was a negative 5.1% over the last 30 days.
• Agrium Inc.AGU is a leading global producer and marketer of fertilizer and a major retail supplier of agricultural products and services. The Zacks Consensus Estimate for its current year earnings has moved 1.5% lower 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
DELTA AIR LINES (DAL): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AGRIUM INC (AGU): Free Stock Analysis Report
LIBERTY TAX INC (TAX): Free Stock Analysis Report
NEXPOINT REIT (NXRT): 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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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Advance Auto Parts Inc.AAP is a specialty retailer of automotive parts, accessories and maintenance items to do-it-yourself customers. Click to get this free report DELTA AIR LINES (DAL): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGRIUM INC (AGU): Free Stock Analysis Report LIBERTY TAX INC (TAX): Free Stock Analysis Report NEXPOINT REIT (NXRT): Free Stock Analysis Report To read this article on Zacks.com click here. • NexPoint Residential Trust, Inc.NXRT is engaged in acquiring, owning, operating and selectively developing multifamily properties.
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Click to get this free report DELTA AIR LINES (DAL): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGRIUM INC (AGU): Free Stock Analysis Report LIBERTY TAX INC (TAX): Free Stock Analysis Report NEXPOINT REIT (NXRT): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Advance Auto Parts Inc.AAP is a specialty retailer of automotive parts, accessories and maintenance items to do-it-yourself customers. The Zacks Consensus Estimate revision for its current year earnings was a negative 5.1% over the last 30 days.
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Click to get this free report DELTA AIR LINES (DAL): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGRIUM INC (AGU): Free Stock Analysis Report LIBERTY TAX INC (TAX): Free Stock Analysis Report NEXPOINT REIT (NXRT): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Advance Auto Parts Inc.AAP is a specialty retailer of automotive parts, accessories and maintenance items to do-it-yourself customers. The Zacks Consensus Estimate for its current year earnings has been revised 0.8% downward over the last 30 days.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Advance Auto Parts Inc.AAP is a specialty retailer of automotive parts, accessories and maintenance items to do-it-yourself customers. Click to get this free report DELTA AIR LINES (DAL): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGRIUM INC (AGU): Free Stock Analysis Report LIBERTY TAX INC (TAX): Free Stock Analysis Report NEXPOINT REIT (NXRT): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List .
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11666.0
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2016-06-23 00:00:00 UTC
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New Strong Sell Stocks for June 23rd
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AAP
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-june-23rd-2016-06-23
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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:
· Advance Auto Parts, Inc.AAP engages in the automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The Zacks Consensus Estimate for its current year earnings has been revised 1.4% downward over the last 30 days.
· BBVA Banco Francés S.A.BFR provides various financial services to corporations, medium and small companies, and individual customers in Spain, Mexico, South America, the United States and Eurasia. The Zacks Consensus Estimate for its current year earnings has declined 3.9% over the last 30 days.
· Coca-Cola European Partners PlcCCE produces, distributes and markets a range of nonalcoholic ready-to-drink beverages. It has seen the Zacks Consensus Estimate for its current year earnings being revised 14.6% downward over the last 30 days.
· Covenant Transportation Group, Inc.CVTI provides truckload transportation and brokerage services primarily in the continental United States. The Zacks Consensus Estimate revision for its current year earnings was a negative 1.9% over the last 30 days.
· Fluor CorporationFLR provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The Zacks Consensus Estimate for its current year earnings has moved 0.7% lower 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
COVENANT TRANS (CVTI): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
BANCO FRANC-ADR (BFR): Free Stock Analysis Report
COCA-COLA EU PT (CCE): Free Stock Analysis Report
FLUOR CORP-NEW (FLR): 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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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: · Advance Auto Parts, Inc.AAP engages in the automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. Click to get this free report COVENANT TRANS (CVTI): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report BANCO FRANC-ADR (BFR): Free Stock Analysis Report COCA-COLA EU PT (CCE): Free Stock Analysis Report FLUOR CORP-NEW (FLR): Free Stock Analysis Report To read this article on Zacks.com click here. · BBVA Banco Francés S.A.BFR provides various financial services to corporations, medium and small companies, and individual customers in Spain, Mexico, South America, the United States and Eurasia.
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Click to get this free report COVENANT TRANS (CVTI): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report BANCO FRANC-ADR (BFR): Free Stock Analysis Report COCA-COLA EU PT (CCE): Free Stock Analysis Report FLUOR CORP-NEW (FLR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: · Advance Auto Parts, Inc.AAP engages in the automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The Zacks Consensus Estimate revision for its current year earnings was a negative 1.9% over the last 30 days.
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Click to get this free report COVENANT TRANS (CVTI): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report BANCO FRANC-ADR (BFR): Free Stock Analysis Report COCA-COLA EU PT (CCE): Free Stock Analysis Report FLUOR CORP-NEW (FLR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: · Advance Auto Parts, Inc.AAP engages in the automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The Zacks Consensus Estimate for its current year earnings has been revised 1.4% downward over the last 30 days.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: · Advance Auto Parts, Inc.AAP engages in the automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. Click to get this free report COVENANT TRANS (CVTI): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report BANCO FRANC-ADR (BFR): Free Stock Analysis Report COCA-COLA EU PT (CCE): Free Stock Analysis Report FLUOR CORP-NEW (FLR): 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 1.4% downward over the last 30 days.
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11667.0
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2016-06-23 00:00:00 UTC
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Auto Stock Roundup: Tesla Plunges on SolarCity Offer, Winnebago Posts Earnings
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-tesla-plunges-on-solarcity-offer-winnebago-posts-earnings-2016-06-23
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nan
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nan
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Tesla Motors, Inc.'s TSLA proposal to acquire SolarCity Corporation SCTY was the biggest news of the week in the auto sector. Tesla's CEO Elon Musk, who is also the chairman and a shareholder of SolarCity, has been vigorously defending the offer but analysts and investors have reacted negatively. It will be interesting to see whether the deal moves forward.
Meanwhile, Winnebago Industries, Inc. WGO posted strong earnings and revenue figures for the third quarter of fiscal 2016, while Advance Auto Parts, Inc. AAP announced the opening of new Super Hub stores. Further, Ford Motor Co. F posted an increase in Europe sales in May but the figures lagged industry sales growth. Honda Motor Co., Ltd. HMC announced the recall of another one million vehicles in China to replace possibly defective Takata airbags.
Recap of the Week's Most Important Stories
1. Tesla announced an offer to buy SolarCity at an exchange ratio of 0.122x to 0.131x shares of Tesla for each share of SolarCity. This represents a premium of around 21−30% over the closing price of SolarCity as of Jun 21. According to Tesla, this acquisition will help it to become the only vertically integrated energy company in the world that offers end-to-end clean energy products (read more: Tesla Proposes to Buy SolarCity: What's in Store? ).
However, investors reacted negatively to the news that was viewed by most as a bail out of SolarCity by Tesla. Concerns related to the impact of SolarCity's high cash usage and operating losses on Tesla's already strained financials pulled shares of the latter down 11.6% in after hours trading on Tuesday. Shares continued to tumble on Wednesday and in pre-market trading today.
2. Winnebago reported earnings of 53 cents per share in the third quarter of fiscal 2016 (ended May 28, 2016), 25.5% higher than 43 cents earned in the prior-year quarter. Also, the figure surpassed the Zacks Consensus Estimate of 46 cents. Revenues for the third quarter increased 2.1% to $272.1 million and surpassed the Zacks Consensus Estimate of $270 million. The year-over-year increase in the top line was due to strong growth in the towables business and moderate rise in motorized shipments.
3. Honda's Chinese joint venture, Dongfeng Honda Automobile Co., announced the recall of another one million vehicles to replace possibly defective Takata airbags. The vehicles covered under the latest recall include Honda CR-V utility vehicles, Civic and Platinum Rui sedans, and Civic hybrids produced by the joint venture between 2007 and 2011. The Japanese automaker is the largest customer of the faulty Takata airbags that can explode and shoot out metal fragments in a crashed vehicle (read more: Honda Expands Recall for Takata Airbags in China ).
4. Ford recorded an 11.5% year-over-year rise in sales to 111,700 vehicles in its 20 traditional European markets (Euro 20) in May 2016. With this, the automaker lagged the industry's sales growth rate of 15.1%. This is the company's best May sales since 2011. In the first five months of 2016, Ford's sales increased 8.6% to 588,500 vehicles, compared with the industry's growth rate of 9.9% (read more: Ford's Europe Sales Rise 11.5% in May, Lag Industry Growth ).
5. Advance Auto Parts announced the opening of three Super Hub stores in Marietta, Riverdale and Norcross. These stores increase the frequency of supply of high-quality parts to Commercial repair shops in the Atlanta Metro area.
Performance
Auto sector companies had mixed fortunes on the stock market last week. With a gain of 4.5%, Harley-Davidson, Inc. HOG was leading the winners among the stocks listed below. Tesla lost a massive 9.7% as investors reacted negatively to its SolarCity buyout offer. The news pulled down Tesla's stock price by 10.45% on Wednesday.
Meanwhile, Honda lost the most among the stocks listed below over the last six months. Advance Auto Parts was the biggest gainer over this period.
What's Next in the Auto Space?
On Jun 28, 2016, Thor Industries will pay a quarterly cash dividend of 30 cents per share to shareholders of record as of Jun 20.
On Jun 30, 2016, Lear Corporation will pay a quarterly cash dividend of 30 cents per share to shareholders of record as of Jun 10.
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 >>
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 CO (F): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
WINNEBAGO (WGO): Free Stock Analysis Report
HARLEY-DAVIDSON (HOG): Free Stock Analysis Report
SOLARCITY CORP (SCTY): 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, Winnebago Industries, Inc. WGO posted strong earnings and revenue figures for the third quarter of fiscal 2016, while Advance Auto Parts, Inc. AAP announced the opening of new Super Hub stores. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report WINNEBAGO (WGO): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report SOLARCITY CORP (SCTY): Free Stock Analysis Report To read this article on Zacks.com click here. Tesla's CEO Elon Musk, who is also the chairman and a shareholder of SolarCity, has been vigorously defending the offer but analysts and investors have reacted negatively.
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Meanwhile, Winnebago Industries, Inc. WGO posted strong earnings and revenue figures for the third quarter of fiscal 2016, while Advance Auto Parts, Inc. AAP announced the opening of new Super Hub stores. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report WINNEBAGO (WGO): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report SOLARCITY CORP (SCTY): Free Stock Analysis Report To read this article on Zacks.com click here. In the first five months of 2016, Ford's sales increased 8.6% to 588,500 vehicles, compared with the industry's growth rate of 9.9% (read more: Ford's Europe Sales Rise 11.5% in May, Lag Industry Growth ).
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report WINNEBAGO (WGO): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report SOLARCITY CORP (SCTY): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Winnebago Industries, Inc. WGO posted strong earnings and revenue figures for the third quarter of fiscal 2016, while Advance Auto Parts, Inc. AAP announced the opening of new Super Hub stores. Tesla announced an offer to buy SolarCity at an exchange ratio of 0.122x to 0.131x shares of Tesla for each share of SolarCity.
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Meanwhile, Winnebago Industries, Inc. WGO posted strong earnings and revenue figures for the third quarter of fiscal 2016, while Advance Auto Parts, Inc. AAP announced the opening of new Super Hub stores. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report WINNEBAGO (WGO): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report SOLARCITY CORP (SCTY): Free Stock Analysis Report To read this article on Zacks.com click here. Further, Ford Motor Co. F posted an increase in Europe sales in May but the figures lagged industry sales growth.
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11668.0
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2016-06-17 00:00:00 UTC
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New Strong Sell Stocks for June 17th
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AAP
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-june-17th-2016-06-17
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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:
• Advanced Drainage Systems, Inc.WMS is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions. The Zacks Consensus Estimate for its current year earnings has been revised 11.2% downward over the last 30 days.
• Advance Auto Parts Inc.AAP is a specialty retailer of automotive parts, accessories and maintenance items. The Zacks Consensus Estimate for its current year earnings has declined 10.8% over the last 30 days.
• Ascena Retail Group Inc.ASNA operates as a national specialty retailer of apparel for women and girls. It has seen the Zacks Consensus Estimate for its current year earnings being revised 10% downward over the last 30 days.
• Community Healthcare Trust IncorporatedCHCT is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. The Zacks Consensus Estimate revision for its current year earnings was a negative 6.7% over the last 30 days.
• Gilead Sciences Inc.GILD is an independent biopharmaceutical company that seeks to provide accelerated solutions for patients and the people who care for them. The Zacks Consensus Estimate for its current year earnings has moved 1.5% lower 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
ADV DRAINAG SYS (WMS): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GILEAD SCIENCES (GILD): Free Stock Analysis Report
ASCENA RETAIL (ASNA): Free Stock Analysis Report
COMM HLTHCR TR (CHCT): 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 a specialty retailer of automotive parts, accessories and maintenance items. Click to get this free report ADV DRAINAG SYS (WMS): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GILEAD SCIENCES (GILD): Free Stock Analysis Report ASCENA RETAIL (ASNA): Free Stock Analysis Report COMM HLTHCR TR (CHCT): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Advanced Drainage Systems, Inc.WMS is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions.
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Click to get this free report ADV DRAINAG SYS (WMS): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GILEAD SCIENCES (GILD): Free Stock Analysis Report ASCENA RETAIL (ASNA): Free Stock Analysis Report COMM HLTHCR TR (CHCT): Free Stock Analysis Report To read this article on Zacks.com click here. • Advance Auto Parts Inc.AAP is a specialty retailer of automotive parts, accessories and maintenance items. The Zacks Consensus Estimate revision for its current year earnings was a negative 6.7% over the last 30 days.
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Click to get this free report ADV DRAINAG SYS (WMS): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GILEAD SCIENCES (GILD): Free Stock Analysis Report ASCENA RETAIL (ASNA): Free Stock Analysis Report COMM HLTHCR TR (CHCT): Free Stock Analysis Report To read this article on Zacks.com click here. • Advance Auto Parts Inc.AAP is a specialty retailer of automotive parts, accessories and maintenance items. The Zacks Consensus Estimate for its current year earnings has been revised 11.2% downward over the last 30 days.
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• Advance Auto Parts Inc.AAP is a specialty retailer of automotive parts, accessories and maintenance items. Click to get this free report ADV DRAINAG SYS (WMS): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GILEAD SCIENCES (GILD): Free Stock Analysis Report ASCENA RETAIL (ASNA): Free Stock Analysis Report COMM HLTHCR TR (CHCT): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List.
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11669.0
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2016-06-14 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for June 15, 2016
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-june-15-2016-2016-06-14
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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 June 15, 2016. A cash dividend payment of $0.06 per share is scheduled to be paid on July 01, 2016. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 42nd quarter that AAP has paid the same dividend. At the current stock price of $152.55, the dividend yield is .16%.
The previous trading day's last sale of AAP was $152.55, representing a -24.19% decrease from the 52 week high of $201.24 and a 15.93% increase over the 52 week low of $131.59.
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 $6.54. Zacks Investment Research reports AAP's forecasted earnings growth in 2016 as -.2%, compared to an industry average of 7.7%.
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:
Schwab U.S. Mid Cap ETF ( SCHM )
Direxion All Cap Insider Sentiment Shares ( KNOW ).
The top-performing ETF of this group is SCHM with an increase of 16.77% over the last 100 days. It also has the highest percent weighting of AAP at 0.45%.
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 2016 as -.2%, compared to an industry average of 7.7%.
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AAP's current earnings per share, an indicator of a company's profitability, is $6.54. 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 15, 2016.
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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 $152.55, representing a -24.19% decrease from the 52 week high of $201.24 and a 15.93% increase over the 52 week low of $131.59. 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 $6.54. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on June 15, 2016. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment.
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11670.0
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2016-06-10 00:00:00 UTC
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Friday 6/10 Insider Buying Report: AAP, TIF
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AAP
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https://www.nasdaq.com/articles/friday-610-insider-buying-report-aap-tif-2016-06-10
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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.
At Advance Auto Parts ( AAP ), a filing with the SEC revealed that on Tuesday, CEO Thomas Greco purchased 6,700 shares of AAP, for a cost of $150.82 each, for a total investment of $1.01M. Greco was up about 3.2% on the purchase at the high point of today's trading session, with AAP trading as high as $155.64 in trading on Friday. Advance Auto Parts Inc is trading off about 1.3% on the day Friday.
And at Tiffany & Co. ( TIF ), there was insider buying on Monday, by Director Peter W. May who purchased 7,000 shares at a cost of $63.01 each, for a total investment of $441,070. Tiffany & Co. is trading off about 1.1% on the day Friday. Bargain hunters have the opportunity to grab TIF even cheaper than May did, with the stock changing hands as low as $61.40 in trading on Friday which is 2.6% below May's purchase price.
VIDEO: Friday 6/10 Insider Buying Report: AAP, TIF
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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At Advance Auto Parts ( AAP ), a filing with the SEC revealed that on Tuesday, CEO Thomas Greco purchased 6,700 shares of AAP, for a cost of $150.82 each, for a total investment of $1.01M. Greco was up about 3.2% on the purchase at the high point of today's trading session, with AAP trading as high as $155.64 in trading on Friday. VIDEO: Friday 6/10 Insider Buying Report: AAP, TIF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At Advance Auto Parts ( AAP ), a filing with the SEC revealed that on Tuesday, CEO Thomas Greco purchased 6,700 shares of AAP, for a cost of $150.82 each, for a total investment of $1.01M. Greco was up about 3.2% on the purchase at the high point of today's trading session, with AAP trading as high as $155.64 in trading on Friday. VIDEO: Friday 6/10 Insider Buying Report: AAP, TIF 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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Greco was up about 3.2% on the purchase at the high point of today's trading session, with AAP trading as high as $155.64 in trading on Friday. VIDEO: Friday 6/10 Insider Buying Report: AAP, TIF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. At Advance Auto Parts ( AAP ), a filing with the SEC revealed that on Tuesday, CEO Thomas Greco purchased 6,700 shares of AAP, for a cost of $150.82 each, for a total investment of $1.01M.
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At Advance Auto Parts ( AAP ), a filing with the SEC revealed that on Tuesday, CEO Thomas Greco purchased 6,700 shares of AAP, for a cost of $150.82 each, for a total investment of $1.01M. Greco was up about 3.2% on the purchase at the high point of today's trading session, with AAP trading as high as $155.64 in trading on Friday. VIDEO: Friday 6/10 Insider Buying Report: AAP, TIF 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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11671.0
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2016-06-04 00:00:00 UTC
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Why Advance Auto Parts, Inc. is a Turnaround Stock to Buy Today
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AAP
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https://www.nasdaq.com/articles/why-advance-auto-parts-inc-turnaround-stock-buy-today-2016-06-04
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nan
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nan
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Auto parts retailer Advance Auto Parts Inc. (NYSE: AAP) has serially disappointed investors in the last year, while peers such as AutoZone, Inc. (NYSE: AZO) and O'Reilly Automotive Inc. (NASDAQ: ORLY) have powered ahead in terms of operational performance and stock price.
Advance Auto parts is having difficulty integrating an acquisition that was supposed to transform the company's fortunes. Meanwhile, senior management have left and company guidance has been slashed for 2016. Is it madness to consider buying the stock? I don't think so, and here's why.
AAP data by YCharts .
The case for buying Advance Auto Parts Inc. stock
I see three reasons to be positive on the stock:
End markets remain favorable, and the industry remains relatively recession-proof.
Valuation versus peers remains very attractive, provided Advance Auto can improve operational performance to something like its peers.
Turnarounds and retail integrations take time, but new management is highly experienced and may have sandbagged expectations.
Favorable end markets
The auto parts market distinguished itself in the last recession by producing same-store sales growth throughout. The reason is simple: When times are hard, consumers are reluctant to purchase new cars, and older cars mean more demand for replacement parts. Not only is the industry relatively recession-proof, it's also experiencing favorable secular trends as well. For example, the average age of the U.S. automobile has continued to rise despite the post-recession recovery in auto sales.
Moreover, as you can see below, although Advance Auto Parts' same-store sales growth has lagged its peers -- largely because of its difficulties integrating Carquest -- its peers are still reporting good growth -- an indication that the market remains favorable.
Also, consider that Advance Auto Parts has, in common with O'Reilly Automotive, a well balanced mix of faster-growing but lower-margin Do It For Me (DIFM) sales and Do It Yourself (DIY) sales -- AutoZone sees around 80% of its sales from the DIY market.
A deep value stock
What's more, the stock is relatively cheap compared to its peer group.
AAP EV to EBITDA (TTM) data by YCharts .
In addition, the company has an opportunity to play catch-up to its peers in terms of generating free cash flow from its assets and operating margin. Incidentally, note the kink in O'Reilly's metrics in 2008 as it dealt with integrating the CSK acquisition; in a similar way, Advance Auto Parts's metrics dipped following the 2013 acquisition of General Parts International (owner of Carquest and Worldpac).
AAP Operating Margin (TTM) data by YCharts .
The stock is cheap, at present, for a reason. The integration has proven a lot tougher than expected (see the same-store sales chart above), and following a disappointing first-quarter results presentation, management announced it was no longer targeting $500 million in free cash flow and adjusted operating income margin of 12% for 2016.
Integrating Carquest will take time
More detail on the integration difficulties can be found here. Advance Auto Parts is undergoing an ongoing process of consolidation (Carquest stores are merging with existing Advance Auto stores) and conversions (Carquest stores turning into Advance Auto stores), and the near-term negative effects are hitting same-store sales growth.
Indeed, on the first-quarter earnings call, newly appointed CEO Tom Greco was candid on the issues: " We continue to experience shortfalls on execution, driven by availability and service levels." Clearly, he has much work to do, but there are three reasons to believe current management can turn things around.
First, a new management usually means a new approach. Greco's appointment in April follows the departure of Darren Jackson in January. In addition, activist investor and CEO of Starboard Value Jeffrey Smith is now the Advance Auto Parts Chairman, and the current CFO has agreed to leave the company.
Smith is well known for his deep-value investing activism, and Greco's 30 years at Pepsico, Inc. (NYSE: PEP) (as CEO of Frito-Lay North America) stand him in good stead. Pepsico's "Power of One" strategy (whereby snacks and beverage are marketed and promoted together) requires extensive awareness of inventory management, logistics & distribution, and an integrated approach to in-store selling -- all qualities that will serve Greco well as he comes to grips with Advance Auto Parts's dual-store (DIY & DIFM) strategy.
Second, given that Greco as been on the job for little more than a month, it would not be surprising if he has low-balled expectations in predicting full-year same-store sales guidance of negative 3% to negative 5%.
Third, as discussed previously, the experience of O'Reilly Automotive shifting to a dual-store model is a good marker for what Advance Auto Parts can achieve.
A stock to buy?
All told, the investment proposition is an attractive one, provided the new management can turn things around. On a risk/reward basis, I think the stock is a good value for investors looking for a deep value stock whose prospects are favored by attractive end market growth. Now the new management needs to execute, because if it does, the stock could soar.
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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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Auto parts retailer Advance Auto Parts Inc. (NYSE: AAP) has serially disappointed investors in the last year, while peers such as AutoZone, Inc. (NYSE: AZO) and O'Reilly Automotive Inc. (NASDAQ: ORLY) have powered ahead in terms of operational performance and stock price. AAP data by YCharts . AAP EV to EBITDA (TTM) data by YCharts .
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Auto parts retailer Advance Auto Parts Inc. (NYSE: AAP) has serially disappointed investors in the last year, while peers such as AutoZone, Inc. (NYSE: AZO) and O'Reilly Automotive Inc. (NASDAQ: ORLY) have powered ahead in terms of operational performance and stock price. AAP data by YCharts . AAP EV to EBITDA (TTM) data by YCharts .
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Auto parts retailer Advance Auto Parts Inc. (NYSE: AAP) has serially disappointed investors in the last year, while peers such as AutoZone, Inc. (NYSE: AZO) and O'Reilly Automotive Inc. (NASDAQ: ORLY) have powered ahead in terms of operational performance and stock price. AAP data by YCharts . AAP EV to EBITDA (TTM) data by YCharts .
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Auto parts retailer Advance Auto Parts Inc. (NYSE: AAP) has serially disappointed investors in the last year, while peers such as AutoZone, Inc. (NYSE: AZO) and O'Reilly Automotive Inc. (NASDAQ: ORLY) have powered ahead in terms of operational performance and stock price. AAP data by YCharts . AAP EV to EBITDA (TTM) data by YCharts .
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11672.0
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2016-06-03 00:00:00 UTC
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Advance Auto Parts Director Buys 4……,……… Shares
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-director-buys-4-shares-2016-06-03
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nan
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nan
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Advance Auto Parts Inc. ( AAP ) Director Jeffrey C. Smith purchased 4……,……… shares of the company's stock at an average price of $-55.68 on May '-. The $6- million transaction came after Smith made an initial purchase of -5…,……… shares at an average price of $-5-.7' six days earlier.
Incorporated in Delaware August -……-, Advance Auto Parts specializes in automotive parts ranging from car batteries and other accessories to various aftermarket auto parts. The company currently has a financial strength of 8 out of -…, suggesting a healthy financial system and high chance of survival. With an Altman Z-score of '.-', Advance Auto Parts is not likely to go bankrupt in the near future.
CMG 15-Year Financial Data
The intrinsic value of CMG
Peter Lynch Chart of CMG
Warning! GuruFocus has detected 1 Warning Sign with BAC. Click here to check it out.
BAC 15-Year Financial Data
The intrinsic value of BAC
Peter Lynch Chart of BAC
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
Compared to competing firms in the global specialty retail industry, Advance Auto Parts has a profitability and growth rating of 8 out of -…. The company has the lowest P/S ratio among its competition; furthermore, the current P/S ratio of -.-8, which is near one-year lows, is lower than 68% of all global specialty retail firms. Other valuation ratios are relatively low: the firm has P/E ratios near one-year lows and P/B ratios near five-year lows.
Two major rival firms of Advance Auto Parts have strong financial outlooks as well: O'Reilly Automotive Inc. ( ORLY ) and AutoZone Inc. ( AZO ). Both of these firms have a profitability and growth rating of 9 out of -… despite having a lower financial strength rating than Advance Auto Parts. The above chart summarizes the five-year P/S ratios of the three companies. Throughout the five-year period, Advance Auto Parts had the lowest P/S ratio.
Advance Auto Parts had lower Altman Z-scores and Piotroski F-scores than its rivals during the past five years. Although this suggests that Advance Auto Parts has slightly weaker financials than its peers, Advance Auto Parts still has higher financial strength, probably because it has a higher equity-to-asset ratio.
Despite having higher equity-to-asset ratios over the past five years, O'Reilly had decreasing equity-to-asset ratios year over year. Currently, O'Reilly has a lower equity-to-asset ratio than Advance Auto Parts, suggesting that O'Reilly has higher long-term debt. In case the auto retail industry experiences a major downturn, O'Reilly has a slightly higher chance of going into bankrupt due to its higher leverage.
See more insider buys on GuruFocus.com. You can also look at guru and insider double buys, CEO and chief financial officer buys, and triple buys.
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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 Inc. ( AAP ) Director Jeffrey C. Smith purchased 4……,……… shares of the company's stock at an average price of $-55.68 on May '-. GuruFocus has detected 4 Warning Signs with AAP. AAP 15-Year Financial Data The intrinsic value of AAP Peter Lynch Chart of AAP Compared to competing firms in the global specialty retail industry, Advance Auto Parts has a profitability and growth rating of 8 out of -….
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AAP 15-Year Financial Data The intrinsic value of AAP Peter Lynch Chart of AAP Compared to competing firms in the global specialty retail industry, Advance Auto Parts has a profitability and growth rating of 8 out of -…. Advance Auto Parts Inc. ( AAP ) Director Jeffrey C. Smith purchased 4……,……… shares of the company's stock at an average price of $-55.68 on May '-. GuruFocus has detected 4 Warning Signs with AAP.
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AAP 15-Year Financial Data The intrinsic value of AAP Peter Lynch Chart of AAP Compared to competing firms in the global specialty retail industry, Advance Auto Parts has a profitability and growth rating of 8 out of -…. Advance Auto Parts Inc. ( AAP ) Director Jeffrey C. Smith purchased 4……,……… shares of the company's stock at an average price of $-55.68 on May '-. GuruFocus has detected 4 Warning Signs with AAP.
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AAP 15-Year Financial Data The intrinsic value of AAP Peter Lynch Chart of AAP Compared to competing firms in the global specialty retail industry, Advance Auto Parts has a profitability and growth rating of 8 out of -…. Advance Auto Parts Inc. ( AAP ) Director Jeffrey C. Smith purchased 4……,……… shares of the company's stock at an average price of $-55.68 on May '-. GuruFocus has detected 4 Warning Signs with AAP.
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11673.0
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2016-05-26 00:00:00 UTC
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Director buys 150,000 Advance Auto shares
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AAP
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https://www.nasdaq.com/articles/director-buys-150000-advance-auto-shares-2016-05-26
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nan
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nan
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Jeffrey Smith, Director at Advance Auto Parts ( AAP ) bought 150,000 shares of the company's common stock on May 25. Smith bought the shares at $152.73 per share for a total of $22,909,500.00.
InvestorsKeyhole Trade Alert
IK-> The technicals for AAP ($155.85 up $2.33) are neutral with a neutral trend. The stock has recent support around $143.54 and resistance around $159.27. Look at the September 130/135 bull-put spread for a 25-cent credit or better. That's a 5.3% return and the stock has to fall 13.4% to cause a problem. [InvestorsKeyhole, Various news and data services]
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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Jeffrey Smith, Director at Advance Auto Parts ( AAP ) bought 150,000 shares of the company's common stock on May 25. InvestorsKeyhole Trade Alert IK-> The technicals for AAP ($155.85 up $2.33) are neutral with a neutral trend. [InvestorsKeyhole, Various news and data services] 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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Jeffrey Smith, Director at Advance Auto Parts ( AAP ) bought 150,000 shares of the company's common stock on May 25. InvestorsKeyhole Trade Alert IK-> The technicals for AAP ($155.85 up $2.33) are neutral with a neutral trend. [InvestorsKeyhole, Various news and data services] 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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Jeffrey Smith, Director at Advance Auto Parts ( AAP ) bought 150,000 shares of the company's common stock on May 25. InvestorsKeyhole Trade Alert IK-> The technicals for AAP ($155.85 up $2.33) are neutral with a neutral trend. [InvestorsKeyhole, Various news and data services] 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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Jeffrey Smith, Director at Advance Auto Parts ( AAP ) bought 150,000 shares of the company's common stock on May 25. InvestorsKeyhole Trade Alert IK-> The technicals for AAP ($155.85 up $2.33) are neutral with a neutral trend. Smith bought the shares at $152.73 per share for a total of $22,909,500.00.
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11674.0
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2016-05-26 00:00:00 UTC
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Auto Stock Roundup: AutoZone, AAP Miss Estimates; Tesla Offers Shares; Toyota Partners Uber
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-autozone-aap-miss-estimates-tesla-offers-shares-toyota-partners-uber
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nan
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nan
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The last week was mostly favorable for the auto sector, with a number of positive developments and good fortune in the stock market. However, the earnings reports during the week were a little disappointing as both AutoZone, Inc. AZO and Advance Auto Parts Inc. AAP missed earnings and revenue estimates. The top and bottom lines of AutoZone improved year over year, while Advance Auto Parts' earnings increased despite a decline in revenues.
Coming back to the positive developments, Tesla Motors, Inc. TSLA announced a public offering of shares to finance its accelerated production plans, while Toyota Motor Corporation TM announced its collaboration with Uber. Even General Motors Company GM announced plans to expand its Maven car-sharing service.
Recap of the Week's Most Important Stories
1. AutoZone reported a 12.6% rise in earnings per share to $10.77 for the third quarter of fiscal 2016 (ended May 7, 2016) from $9.57 recorded in the year-ago quarter. Earnings, however, missed the Zacks Consensus Estimate of $10.96 by a wide margin. Quarterly revenues improved 4% year over year to $2.59 billion. However, the figure lagged the Zacks Consensus Estimate of $2.65 billion (read more: AutoZone's Q3 Earnings & Revenues Miss Estimates ).
2. Advance Auto Parts reported a 5% increase in adjusted earnings to $2.51 per share in the first quarter of fiscal 2016 (ended Apr 23, 2016) from $2.39 in the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $2.61. Revenues dropped 1.9% year over year to $2.98 billion, falling short of the Zacks Consensus Estimate of $3.01 billion. The underperformance was due to a fall in comparable store sales due to a service shortfall and lower demand resulting from unfavorable weather.
Advance Auto Parts expects comparable store sales to decline 3% to 5% in fiscal 2016, compared to the previous forecast of low single-digit growth. The revised outlook is based on the company's performance in the reported quarter (read more: Advance Auto Parts Q1 Earnings Miss; Cuts View ).
3. Tesla announced a public offering of shares to finance the accelerated production plan for Model 3 as well as ramp up the annual production volume to 500,000 units by 2018, rather than 2020 as planned earlier. The company may also use part of the proceeds as working capital and for other general corporate purposes.
Tesla is offering 6.8 million shares, which can be increased to almost 8.24 million if underwriters exercise their option to buy additional shares. This should result in net proceeds of $1.4 billion, after deducting underwriting discounts and commissions, and estimated offering expenses. The net proceeds can increase to $1.7 billion, if underwriters exercise their option to buy additional shares (read more: Tesla to Issue Shares to Finance Production Ramp Up ).
4. Toyota announced that it signed a memorandum of understanding (MOU) with Uber, under which they will collaborate on ridesharing services. As part of this alliance, Toyota Financial Services Corporation and Mirai Creation Investment Limited Partnership (an investment fund backed by Toyota and Japanese bank, Sumitomo Mitsui Banking Corp) will invest in Uber (read more: Toyota Collaborates with Uber for Ridesharing Services ).
5. General Motors announced that it is expanding its car-sharing service, Maven to Boston, Chicago and Washington, D.C. With this, in a limited time span of four months, Maven has expanded in five markets, including New York City and Ann Arbor, MI. General Motors has already started offering this application-based service in over 15 sites in Chicago. The company has 30 vehicles of Chevrolet, Cadillac and Buick brands available under this service in the city. Meanwhile, General Motors will be launching Maven+ in Washington D.C. in the coming month. The service will be available to residents of the Hepburn, a luxury apartment community. Maven City will also be available throughout the city by the end of June. In Boston, the automaker will launch Maven+ and Maven City in this summer (read more: General Motors Expands Maven to 3 New Cities ).
Performance
The auto sector had a positive run over the last week, driven by company-specific factors as well as improvement in the overall market. Among the auto stocks listed below, Advance Auto Parts gained the maximum despite a weak earnings report and guidance cut.
Meanwhile, all auto stocks listed below had a poor run over the last six months. Toyota lost the most over this period.
What's Next in the Auto Space?
On May 30, 2016, Tata Motors Limited TTM will report its financial results for the quarter ended Mar 31, 2016.
On Jun 1, 2016, automakers will report their U.S. auto sales for May. On the same day, Ford Motor Co. F will pay a quarterly cash dividend of 15 cents per share to shareholders of record as of Apr 29.
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FORD MOTOR CO (F): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
TATA MOTORS-ADR (TTM): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
GENERAL MOTORS (GM): 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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However, the earnings reports during the week were a little disappointing as both AutoZone, Inc. AZO and Advance Auto Parts Inc. AAP missed earnings and revenue estimates. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. The last week was mostly favorable for the auto sector, with a number of positive developments and good fortune in the stock market.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. However, the earnings reports during the week were a little disappointing as both AutoZone, Inc. AZO and Advance Auto Parts Inc. AAP missed earnings and revenue estimates. Coming back to the positive developments, Tesla Motors, Inc. TSLA announced a public offering of shares to finance its accelerated production plans, while Toyota Motor Corporation TM announced its collaboration with Uber.
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However, the earnings reports during the week were a little disappointing as both AutoZone, Inc. AZO and Advance Auto Parts Inc. AAP missed earnings and revenue estimates. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. As part of this alliance, Toyota Financial Services Corporation and Mirai Creation Investment Limited Partnership (an investment fund backed by Toyota and Japanese bank, Sumitomo Mitsui Banking Corp) will invest in Uber (read more: Toyota Collaborates with Uber for Ridesharing Services ).
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However, the earnings reports during the week were a little disappointing as both AutoZone, Inc. AZO and Advance Auto Parts Inc. AAP missed earnings and revenue estimates. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Even General Motors Company GM announced plans to expand its Maven car-sharing service.
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11675.0
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2016-05-26 00:00:00 UTC
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Thursday 5/26 Insider Buying Report: AAP, ERII
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AAP
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https://www.nasdaq.com/articles/thursday-526-insider-buying-report-aap-erii-2016-05-26
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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.
At Advance Auto Parts ( AAP ), a filing with the SEC revealed that on Wednesday, Director Jeffrey C. Smith bought 150,000 shares of AAP, at a cost of $152.73 each, for a total investment of $22.91M. Smith was up about 1.8% on the buy at the high point of today's trading session, with AAP trading as high as $155.52 at last check today. Advance Auto Parts is trading up about 0.9% on the day Thursday.
And on Tuesday, VP, Corporate Strategy Eric Siebert bought $203,427 worth of Energy Recovery ( ERII ), buying 21,389 shares at a cost of $9.51 each. Energy Recovery is trading up about 1% on the day Thursday. Siebert was up about 11.9% on the buy at the high point of today's trading session, with ERII trading as high as $10.64 at last check today.
VIDEO: Thursday 5/26 Insider Buying Report: AAP, ERII
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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At Advance Auto Parts ( AAP ), a filing with the SEC revealed that on Wednesday, Director Jeffrey C. Smith bought 150,000 shares of AAP, at a cost of $152.73 each, for a total investment of $22.91M. Smith was up about 1.8% on the buy at the high point of today's trading session, with AAP trading as high as $155.52 at last check today. VIDEO: Thursday 5/26 Insider Buying Report: AAP, ERII 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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Smith was up about 1.8% on the buy at the high point of today's trading session, with AAP trading as high as $155.52 at last check today. VIDEO: Thursday 5/26 Insider Buying Report: AAP, ERII The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. At Advance Auto Parts ( AAP ), a filing with the SEC revealed that on Wednesday, Director Jeffrey C. Smith bought 150,000 shares of AAP, at a cost of $152.73 each, for a total investment of $22.91M.
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Smith was up about 1.8% on the buy at the high point of today's trading session, with AAP trading as high as $155.52 at last check today. VIDEO: Thursday 5/26 Insider Buying Report: AAP, ERII The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. At Advance Auto Parts ( AAP ), a filing with the SEC revealed that on Wednesday, Director Jeffrey C. Smith bought 150,000 shares of AAP, at a cost of $152.73 each, for a total investment of $22.91M.
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At Advance Auto Parts ( AAP ), a filing with the SEC revealed that on Wednesday, Director Jeffrey C. Smith bought 150,000 shares of AAP, at a cost of $152.73 each, for a total investment of $22.91M. Smith was up about 1.8% on the buy at the high point of today's trading session, with AAP trading as high as $155.52 at last check today. VIDEO: Thursday 5/26 Insider Buying Report: AAP, ERII 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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11676.0
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2016-05-24 00:00:00 UTC
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Bear of the Day: Advanced Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/bear-day-advanced-auto-parts-aap-2016-05-24
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nan
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nan
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Advanced Auto Parts (AAP) engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The Virginia based company is now a Zacks Rank #5 (Strong Sell) after a recent EPS miss.
The company has a market cap of $10.7 Billion and has a Forward PE of 16. The stock sports a Zacks Style Scores of "C" in Growth, Value and Momentum. The company has 3-5 year growth rate of 11.55% and dividend yield of 0.16%.
Earnings
Q1 earnings came in at $2.51 verse the $2.61 expected. The company cut fiscal year same store sales to -5% verses a -3% expected. Advanced Auto also announced it will no longer target adjusting operating income of 12% for 2016. In addition, the company's CFO will be leaving the company.
The stock reacted negatively to the news selling off almost 10% to February lows. However, investors and perhaps short sellers bought the stock back up to unchanged level. After making a 2016 high at $165 in early April, the stock now sits in a vulnerable spot under the $150 level. The earnings momentum is bringing sellers into the stock and another break of the $130 level could lead to long term investors dumping the stock.
Estimates
Over the last 60 days, the company has seen estimates fall for both fiscal year 2016 and 2017. For the current year we have seen a 5.7% revision lower from $10.01 to $9.43. For next year, estimates have fallen 5.2%, from $8.93 to $8.46.
These numbers are also reflected in the next couple quarters as well. If the company misses when it next reports in June the stock will be in danger of new 2016 lows.
A Better option
If investors want exposure to the auto part sector that are better going with US Auto Parts Network (PRTS) . The company is a leading online provider of automotive aftermarket parts, including body parts, engine parts, performance parts and aZacks Rank #1 (Strong Buy).
PRTS reported an EPS and revenue beat on May 9 th and sports Zacks Style Scores of "A" in both Momentum and Growth and "B" in Value. The stock is up over 13% for the year and estimates for fiscal year 2016 have doubled over the last month. The company reports Q2 earnings on August 9 th .
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US AUTO PARTS (PRTS): Free Stock Analysis Report
ADVANCE AUTO PT (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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Advanced Auto Parts (AAP) engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. Click to get this free report US AUTO PARTS (PRTS): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. The Virginia based company is now a Zacks Rank #5 (Strong Sell) after a recent EPS miss.
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Click to get this free report US AUTO PARTS (PRTS): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advanced Auto Parts (AAP) engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company is a leading online provider of automotive aftermarket parts, including body parts, engine parts, performance parts and aZacks Rank #1 (Strong Buy).
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Click to get this free report US AUTO PARTS (PRTS): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advanced Auto Parts (AAP) engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The earnings momentum is bringing sellers into the stock and another break of the $130 level could lead to long term investors dumping the stock.
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Click to get this free report US AUTO PARTS (PRTS): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advanced Auto Parts (AAP) engages in the automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. Estimates Over the last 60 days, the company has seen estimates fall for both fiscal year 2016 and 2017.
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11677.0
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2016-05-23 00:00:00 UTC
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New Strong Sell Stocks for May 23rd
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AAP
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https://www.nasdaq.com/articles/new-strong-sell-stocks-may-23rd-2016-05-23
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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:
• Advance Auto Parts Inc.AAP is primarily engaged in selling replacement parts for domestic and imported cars. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 30 days.
• Associated Banc-CorpASB is a bank holding company, which through its subsidiaries provides an array of banking and non-banking products and services to individuals and businesses. The Zacks Consensus Estimate for its current year earnings has declined 4% over the last 30 days.
• Brocade Communications Systems, Inc.BRCD delivers industry-leading platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. It has seen the Zacks Consensus Estimate for its current year earnings being revised 4.5% downward over the last 30 days.
• The Buckle, Inc.BKE is a retailer of medium to better-priced casual apparel for young men and women. The Zacks Consensus Estimate revision for its current year earnings was a negative 4.3% over the last 30 days.
• CIT Group Inc.CIT offers commercial financing and leasing products and other services to small and middle-market businesses. The Zacks Consensus Estimate for its current year earnings has moved 4.4% lower over the last 30 days.
View the entire Zacks Rank #5 List .
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BROCADE COMM SY (BRCD): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
ASSOC BANC CORP (ASB): Free Stock Analysis Report
CIT GROUP (CIT): Free Stock Analysis Report
BUCKLE INC (BKE): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Advance Auto Parts Inc.AAP is primarily engaged in selling replacement parts for domestic and imported cars. Click to get this free report BROCADE COMM SY (BRCD): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ASSOC BANC CORP (ASB): Free Stock Analysis Report CIT GROUP (CIT): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report To read this article on Zacks.com click here. • Brocade Communications Systems, Inc.BRCD delivers industry-leading platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Advance Auto Parts Inc.AAP is primarily engaged in selling replacement parts for domestic and imported cars. Click to get this free report BROCADE COMM SY (BRCD): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ASSOC BANC CORP (ASB): Free Stock Analysis Report CIT GROUP (CIT): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report BROCADE COMM SY (BRCD): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ASSOC BANC CORP (ASB): Free Stock Analysis Report CIT GROUP (CIT): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Advance Auto Parts Inc.AAP is primarily engaged in selling replacement parts for domestic and imported cars. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 30 days.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Advance Auto Parts Inc.AAP is primarily engaged in selling replacement parts for domestic and imported cars. Click to get this free report BROCADE COMM SY (BRCD): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ASSOC BANC CORP (ASB): Free Stock Analysis Report CIT GROUP (CIT): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List .
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11678.0
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2016-05-21 00:00:00 UTC
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AutoZone reports fiscal third-quarter earnings May 24
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AAP
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https://www.nasdaq.com/articles/autozone-reports-fiscal-third-quarter-earnings-may-24-2016-05-21
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What's Happening
Auto parts retailer AutoZone ( AZO ) will report fiscal third-quarter numbers on May 24. The company will post its quarterly numbers before the market opens, with analysts forecasting earnings of $10.96 per share. The stock was strong during the first few months of the year, but has been in a weak downward trend over the last two months, and is currently up 2.0% on the year.
Technical Analysis
AZO was recently trading at $756.52, down $53.48 from its 12-month high and $93.82 above its 12-month low. Technical indicators for AZO are neutral and the stock is in a weak downward trend. The stock has recent support above $742.75 and has recent resistance below $782.00. Of the 17 analysts who cover the stock, six rate it a "strong buy", and 11 rate it a "hold". The stock receives S&P Capital IQ's 3 STARS "Hold" ranking.
Analyst's Thoughts
Investors may want to be a little cautious of AutoZone ahead of this week's earnings report. One of the company's biggest competitors, Advance Auto Parts ( AAP ) has already reported its quarterly results, and the numbers were weaker than expected, driving shares lower. The good news is that the disappointing AAP report has already impacted AZO shares, so an earnings miss would not have such a huge impact as negativity has already been priced into the stock. Genuine Parts ( GPC ) reported back in April, with positive numbers, so the outlook is a bit mixed for the sector as a whole. I remain upbeat on auto parts retailers, as strength in the underlying auto industry should keep strength in parts retailers as well. At first glance, AutoZone's high stock price may be a deterrent to a lot of investors, but with the company generating such high earnings per share, the valuation is attractive, with a P/E of just 19.8. The valuation should prevent any huge post-earnings selloff considering the stock has already moved lower in sympathy to the AAP report, but also should allow for a nice bounce if earnings are better than expected.
Stock Only Trade
If you're looking to establish a long stock position in AZO, consider buying the stock under $756.00. Sell if it falls below $685.00 or take profits if it gets to $870.00.
Bullish Trade
If you are looking for a bullish hedged option trade on AZO, consider a June 700/710 bull-put credit spread for an 80-cent credit. That's a potential 8.7% return (113.3% annualized*) and the stock would have to fall 6.0% to cause a problem.
Bearish Trade
If you want to take a bearish stance on the stock at this time, consider a June 820/830 bear-call credit spread for a $0.60 credit. That's a potential 6.4% return (83.2% annualized*) and the stock would have to rise 8.5% 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 September $750.00 covered call. Buy AZO shares (typically 100 shares, scale as appropriate), while selling the September $750.00 call for a debit of $722.25 per share. The trade has a target assigned return 3.8%, and a target annualized return of 11.9% (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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One of the company's biggest competitors, Advance Auto Parts ( AAP ) has already reported its quarterly results, and the numbers were weaker than expected, driving shares lower. The valuation should prevent any huge post-earnings selloff considering the stock has already moved lower in sympathy to the AAP report, but also should allow for a nice bounce if earnings are better than expected. The good news is that the disappointing AAP report has already impacted AZO shares, so an earnings miss would not have such a huge impact as negativity has already been priced into the stock.
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One of the company's biggest competitors, Advance Auto Parts ( AAP ) has already reported its quarterly results, and the numbers were weaker than expected, driving shares lower. The good news is that the disappointing AAP report has already impacted AZO shares, so an earnings miss would not have such a huge impact as negativity has already been priced into the stock. The valuation should prevent any huge post-earnings selloff considering the stock has already moved lower in sympathy to the AAP report, but also should allow for a nice bounce if earnings are better than expected.
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The good news is that the disappointing AAP report has already impacted AZO shares, so an earnings miss would not have such a huge impact as negativity has already been priced into the stock. One of the company's biggest competitors, Advance Auto Parts ( AAP ) has already reported its quarterly results, and the numbers were weaker than expected, driving shares lower. The valuation should prevent any huge post-earnings selloff considering the stock has already moved lower in sympathy to the AAP report, but also should allow for a nice bounce if earnings are better than expected.
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One of the company's biggest competitors, Advance Auto Parts ( AAP ) has already reported its quarterly results, and the numbers were weaker than expected, driving shares lower. The good news is that the disappointing AAP report has already impacted AZO shares, so an earnings miss would not have such a huge impact as negativity has already been priced into the stock. The valuation should prevent any huge post-earnings selloff considering the stock has already moved lower in sympathy to the AAP report, but also should allow for a nice bounce if earnings are better than expected.
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11679.0
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2016-05-19 00:00:00 UTC
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Advance Auto Parts, Inc. (AAP) Stock Dips on Earnings Miss
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-stock-dips-earnings-miss-2016-05-19
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Advance Auto Parts, Inc. ( AAP ) reported its Q1 2016 earnings report on Thursday.
Advance Auto Parts' earnings per share for the first quarter of the year was $2.51. This is up from the $2.39 it reported during Q1 2015, but it failed to meet analysts' estimates of $2.60 for the quarter.
AAP reported revenue of $2.98 billion during Q1 2016. This is a decrease when compared to the $3.04 billion it reported during the same time last year. It also didn't beat Wall Street's estimate of $3.0 billion.
Advance Auto Parts said that it now expects comparable store sales for 2016 to be down between 3% and 5% from last year. The company is also not expecting to meet its minimum assumption of $500 million for free cash flow in 2016.
AAP shares were down slightly as of Thursday morning.
More From InvestorPlace:
10 Top Stocks Every Retirement Portfolio Should Have
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The post Advance Auto Parts, Inc. (AAP) Stock Dips on Earnings Miss 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 post Advance Auto Parts, Inc. (AAP) Stock Dips on Earnings Miss appeared first on InvestorPlace . InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advance Auto Parts, Inc. ( AAP ) reported its Q1 2016 earnings report on Thursday. AAP reported revenue of $2.98 billion during Q1 2016.
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advance Auto Parts, Inc. ( AAP ) reported its Q1 2016 earnings report on Thursday. The post Advance Auto Parts, Inc. (AAP) Stock Dips on Earnings Miss appeared first on InvestorPlace . AAP reported revenue of $2.98 billion during Q1 2016.
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advance Auto Parts, Inc. ( AAP ) reported its Q1 2016 earnings report on Thursday. More From InvestorPlace: 10 Top Stocks Every Retirement Portfolio Should Have AAPL Stock - Apple Inc. Will Drop Another 15% WMT Stock - Is Wal-Mart Stores, Inc. the "Best of Breed" in Retail? The post Advance Auto Parts, Inc. (AAP) Stock Dips on Earnings Miss appeared first on InvestorPlace .
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advance Auto Parts, Inc. ( AAP ) reported its Q1 2016 earnings report on Thursday. AAP reported revenue of $2.98 billion during Q1 2016. AAP shares were down slightly as of Thursday morning.
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11680.0
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2016-05-19 00:00:00 UTC
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Advance Auto Parts (AAP) Q1 Earnings Miss; Cuts View
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q1-earnings-miss-cuts-view-2016-05-19
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nan
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nan
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Advance Auto Parts Inc.AAP reported a 5% increase in adjusted earnings to $2.51 per share in the first quarter of fiscal 2016 (ended Apr 23, 2016) from $2.39 in the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $2.61. Adjusted net earnings improved 5.5% to $186.1 million from $176.5 million in the first quarter of fiscal 2015.
Revenues dropped 1.9% year over year to $2.98 billion and fell short of the Zacks Consensus Estimate of $3.01 billion. The decline resulted from a fall in comparable store sales. Comparable store sales slipped 1.9% in the reported quarter as against 0.7% growth recorded a year ago. The drop in comparable store sales was due to service shortfall and lower demand resulting from unfavorable weather.
Gross profit fell to $1.35 billion or 45.3% of sales in the quarter from $1.39 billion or 45.9% of sales a year ago. The decrease in gross profit margin can be attributed to supply chain expense stemming from a decline in comparable store sales.
Comparable selling, general and administrative (SG&A) expenses totaled $1.03 billion or 34.7% of sales in the quarter under review, compared with $1.09 billion or 35.7% of sales in first-quarter fiscal 2015. The decrease in SG&A margin resulted from continued cost-reduction initiatives, partially offset by expense de-leverage.
Comparable operating income rose 2.2% to $315 million from $308.3 million in the prior-year quarter. Operating margin was 10.6% versus 10.1% a year ago.
Dividend
On May 17, 2016, the board of directors of Advance Auto Parts declared a regular quarterly dividend of 6 cents per share, payable on Jul 1, to stockholders on record as of Jun 17, 2016.
Financial Position
Advance Auto Parts had cash and cash equivalents of $103.7 million as of Apr 23, 2016, reflecting an increase from $90.8 million as of Jan 2, 2016. Total long-term debt was $1.23 billion as of Apr 23, 2016, compared with $1.21 billion as of Jan 2, 2016.
During the first quarter of fiscal 2016, operating cash flow was $75.3 million compared with $102.2 million in the same period a year ago. Free cash outflow in the period amounted to $13.8 million compared with free cash flow of $45.2 million in the prior-year period. Capital expenditures in the said period amounted to $89.1 million compared with $57 million a year ago.
Outlook
Advance Auto Parts expects comparable store sales to be in the range of negative 3% to negative 5%, lower than the previous forecast of low-single digits growth. The revised outlook is based on the company's performance in the reported quarter. The company no longer expects to achieve its adjusted operating margin target of 12% and free cash flow of $500 million.
Additionally, it expects to incur capital expenditures in the band of $260-$280 million in fiscal 2016. Income tax rate will likely be in the range of 37.5%-38%.
Advance Auto Parts enhances profits through its relentless focus on store expansion. In 2016, the company plans to open 65-75 new stores, including Worldpac branches.
Store Update
As of Apr 23, 2016, the company's total store count was 5,211, including 125 Worldpac branches. Advance Auto Parts served roughly 768 independently owned Carquest stores as of that date.
Zacks Rank
Advance Auto Parts currently carries a Zacks Rank #4 (Sell).
Better-ranked automobile stocks include Autoliv, Inc. ALV , Oshkosh Corporation OSK and Superior Industries International, Inc. SUP . All the three stocks sport a Zacks Rank #1 (Strong Buy).
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOLIV INC (ALV): Free Stock Analysis Report
SUPERIOR INDS (SUP): Free Stock Analysis Report
OSHKOSH CORP (OSK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc.AAP reported a 5% increase in adjusted earnings to $2.51 per share in the first quarter of fiscal 2016 (ended Apr 23, 2016) from $2.39 in the prior-year quarter. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report OSHKOSH CORP (OSK): Free Stock Analysis Report To read this article on Zacks.com click here. The drop in comparable store sales was due to service shortfall and lower demand resulting from unfavorable weather.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report OSHKOSH CORP (OSK): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reported a 5% increase in adjusted earnings to $2.51 per share in the first quarter of fiscal 2016 (ended Apr 23, 2016) from $2.39 in the prior-year quarter. Free cash outflow in the period amounted to $13.8 million compared with free cash flow of $45.2 million in the prior-year period.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report OSHKOSH CORP (OSK): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reported a 5% increase in adjusted earnings to $2.51 per share in the first quarter of fiscal 2016 (ended Apr 23, 2016) from $2.39 in the prior-year quarter. Comparable selling, general and administrative (SG&A) expenses totaled $1.03 billion or 34.7% of sales in the quarter under review, compared with $1.09 billion or 35.7% of sales in first-quarter fiscal 2015.
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Advance Auto Parts Inc.AAP reported a 5% increase in adjusted earnings to $2.51 per share in the first quarter of fiscal 2016 (ended Apr 23, 2016) from $2.39 in the prior-year quarter. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report OSHKOSH CORP (OSK): Free Stock Analysis Report To read this article on Zacks.com click here. Comparable store sales slipped 1.9% in the reported quarter as against 0.7% growth recorded a year ago.
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11681.0
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2016-05-19 00:00:00 UTC
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Advance Auto Parts (AAP) Misses on Q1 Earnings & Revenues
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-misses-on-q1-earnings-revenues-2016-05-19
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nan
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Advance Auto Parts Inc. AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" customers. It 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 enhances profits through its relentless focus on store expansion. The company is poised to benefit as the auto industry continues to show stability with the increasing average age of vehicles, along with a rise in the number of miles driven. However, Advance Auto Parts faces challenges from rising new vehicle sales and price competition.
As a result, investors have been eagerly awaiting Advance Auto Parts' latest earnings report. Let's take a quick look at the company's second-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Advance Auto Parts for the first quarter of 2016 has decreased by 2 cents to $2.61 over the past month.
The company has delivered mixed earnings surprises. It has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters with an average miss of around 2.01%.
Zacks Rank
Advance Auto Parts currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Advance Auto Parts reported earnings of $2.51 per share, which missed the Zacks Consensus Estimate of $2.61. Meanwhile, earnings increased 5% from $2.39 recorded in the year-ago quarter.
Revenues
Advance Auto Parts logged revenues of $2.98 billion, missing the Zacks Consensus Estimate of $3.01 billion. Revenues also decreased year over year from $3.04 billion posted a year-ago quarter.
Key Stats/Developments to Note
Advance Auto Parts enhances profits through its relentless focus on store expansion. In 2016, Advance Auto Parts plans to open 65 to 75 new stores including Worldpac branches.
Market Reaction
Advance Auto Parts' shares were inactive following the release. 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 Parts' earnings report!
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ADVANCE AUTO PT (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 is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" customers. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. It 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.
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Advance Auto Parts Inc. AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" customers. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. We have highlighted some of the key stats from this just-revealed announcement below: Earnings Advance Auto Parts reported earnings of $2.51 per share, which missed the Zacks Consensus Estimate of $2.61.
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Advance Auto Parts Inc. AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" customers. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank Advance Auto Parts currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released.
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Advance Auto Parts Inc. AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" customers. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Estimate Trend & Surprise History Investors should note that the earnings estimate for Advance Auto Parts for the first quarter of 2016 has decreased by 2 cents to $2.61 over the past month.
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11682.0
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2016-05-18 00:00:00 UTC
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Pre-Market Earnings Report for May 19, 2016 : ECC, WMT, AAP, TTC, DKS, MNRO, AINV, BRC, TGP, HQCL, JE, TK
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-may-19-2016-ecc-wmt-aap-ttc-dks-mnro-ainv-brc-tgp-hqcl-je-tk
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The following companies are expected to report earnings prior to market open on 05/19/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
Eagle Point Credit Company Inc. ( ECC ) is reporting for the quarter ending March 31, 2016. The finance/investment management company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.59. This value represents a 55.26% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ECC is 6.54 vs. an industry ratio of 6.60.
Wal-Mart Stores, Inc. ( WMT ) is reporting for the quarter ending April 30, 2016. The supermarket company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.88. This value represents a 14.56% decrease compared to the same quarter last year. WMT missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -3.57%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for WMT is 15.72 vs. an industry ratio of 18.60.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2016. The wholesale retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $2.61. This value represents a 9.21% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 16.39 vs. an industry ratio of 31.80.
Toro Company ( TTC ) is reporting for the quarter ending April 30, 2016. The tools company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.80. This value represents a 9.76% increase compared to the same quarter last year. TTC missed the consensus earnings per share in the 2nd calendar quarter of 2015 by -1.2%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for TTC is 21.59 vs. an industry ratio of 19.30, 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 April 30, 2016. The retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.49. This value represents a 7.55% decrease compared to the same quarter last year. The last two quarters DKS had negative earnings surprises; the latest report they missed by -1.74%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DKS is 13.40 vs. an industry ratio of -35.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Monro Muffler Brake, Inc. ( MNRO ) is reporting for the quarter ending March 31, 2016. The business services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.43. This value represents a 10.26% increase compared to the same quarter last year. MNRO missed the consensus earnings per share in the 2nd calendar quarter of 2015 by -1.72%. The "days to cover" for this stock exceeds 20 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for MNRO is 32.32 vs. an industry ratio of 28.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Apollo Investment Corporation ( AINV ) is reporting for the quarter ending March 31, 2016. The financial services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.20. This value represents a 9.09% decrease compared to the same quarter last year. In the past year AINV has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AINV is 6.73 vs. an industry ratio of 8.70.
Brady Corporation ( BRC ) is reporting for the quarter ending April 30, 2016. The protection safety company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.33. This value represents a 2.94% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for BRC is 20.15 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Teekay LNG Partners L.P. ( TGP ) is reporting for the quarter ending March 31, 2016. The shipping company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.32. This value represents a 28.89% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for TGP is 12.99 vs. an industry ratio of 9.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Hanwha Q CELLS Co., Ltd. ( HQCL ) is reporting for the quarter ending March 31, 2016. The semiconductor company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.24. This value represents a 340.00% increase compared to the same quarter last year. The days to cover, as reported in the 4/29/2016 short interest update, increased 149.12% from previous report on 4/15/2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for HQCL is 8.24 vs. an industry ratio of 18.80.
Just Energy Group, Inc. ( JE ) is reporting for the quarter ending March 31, 2016. The gas distribution company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.10. This value represents a 126.32% increase compared to the same quarter last year. JE missed the consensus earnings per share in the 4th calendar quarter of 2015 by -80%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for JE is 26.74 vs. an industry ratio of 20.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Teekay Corporation ( TK ) is reporting for the quarter ending March 31, 2016. The shipping company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.08. This value represents a 63.64% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for TK is 11.01 vs. an industry ratio of 9.50, 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, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 16.39 vs. an industry ratio of 31.80. The business services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.43.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 16.39 vs. an industry ratio of 31.80. Zacks Investment Research reports that the 2016 Price to Earnings ratio for TTC is 21.59 vs. an industry ratio of 19.30, 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 March 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 16.39 vs. an industry ratio of 31.80. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DKS is 13.40 vs. an industry ratio of -35.70, 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, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AAP is 16.39 vs. an industry ratio of 31.80. WMT missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -3.57%.
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11683.0
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2016-05-17 00:00:00 UTC
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Notable Tuesday Option Activity: GSAT, MHLD, AAP
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AAP
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https://www.nasdaq.com/articles/notable-tuesday-option-activity-gsat-mhld-aap-2016-05-17
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Globalstar Inc (Symbol: GSAT), where a total of 28,786 contracts have traded so far, representing approximately 2.9 million underlying shares. That amounts to about 64.6% of GSAT's average daily trading volume over the past month of 4.5 million shares. Particularly high volume was seen for the $5 strike call option expiring July 15, 2016 , with 20,620 contracts trading so far today, representing approximately 2.1 million underlying shares of GSAT. Below is a chart showing GSAT's trailing twelve month trading history, with the $5 strike highlighted in orange:
Maiden Holdings Ltd (Symbol: MHLD) saw options trading volume of 2,005 contracts, representing approximately 200,500 underlying shares or approximately 63.3% of MHLD's average daily trading volume over the past month, of 316,955 shares. Especially high volume was seen for the $12.50 strike put option expiring May 20, 2016 , with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of MHLD. Below is a chart showing MHLD's trailing twelve month trading history, with the $12.50 strike highlighted in orange:
And Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,340 contracts thus far today. That number of contracts represents approximately 434,000 underlying shares, working out to a sizeable 61.5% of AAP's average daily trading volume over the past month, of 706,090 shares. Especially high volume was seen for the $145 strike put option expiring May 20, 2016 , with 1,267 contracts trading so far today, representing approximately 126,700 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $145 strike highlighted in orange:
For the various different available expirations for GSAT options , MHLD 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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Especially high volume was seen for the $145 strike put option expiring May 20, 2016 , with 1,267 contracts trading so far today, representing approximately 126,700 underlying shares of AAP. Below is a chart showing MHLD's trailing twelve month trading history, with the $12.50 strike highlighted in orange: And Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,340 contracts thus far today. That number of contracts represents approximately 434,000 underlying shares, working out to a sizeable 61.5% of AAP's average daily trading volume over the past month, of 706,090 shares.
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Below is a chart showing MHLD's trailing twelve month trading history, with the $12.50 strike highlighted in orange: And Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,340 contracts thus far today. That number of contracts represents approximately 434,000 underlying shares, working out to a sizeable 61.5% of AAP's average daily trading volume over the past month, of 706,090 shares. Especially high volume was seen for the $145 strike put option expiring May 20, 2016 , with 1,267 contracts trading so far today, representing approximately 126,700 underlying shares of AAP.
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Below is a chart showing MHLD's trailing twelve month trading history, with the $12.50 strike highlighted in orange: And Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,340 contracts thus far today. That number of contracts represents approximately 434,000 underlying shares, working out to a sizeable 61.5% of AAP's average daily trading volume over the past month, of 706,090 shares. Especially high volume was seen for the $145 strike put option expiring May 20, 2016 , with 1,267 contracts trading so far today, representing approximately 126,700 underlying shares of AAP.
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Especially high volume was seen for the $145 strike put option expiring May 20, 2016 , with 1,267 contracts trading so far today, representing approximately 126,700 underlying shares of AAP. Below is a chart showing MHLD's trailing twelve month trading history, with the $12.50 strike highlighted in orange: And Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,340 contracts thus far today. That number of contracts represents approximately 434,000 underlying shares, working out to a sizeable 61.5% of AAP's average daily trading volume over the past month, of 706,090 shares.
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11684.0
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2016-05-16 00:00:00 UTC
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What's in Store for Advance Auto Parts' (AAP) Q1 Earnings?
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AAP
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https://www.nasdaq.com/articles/whats-in-store-for-advance-auto-parts-aap-q1-earnings-2016-05-16
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Advance Auto Parts Inc.AAP is expected to report first-quarter fiscal 2016 results on May 19. In the last quarter, the company posted a positive earnings surprise of 0.83%. Let's see how things are shaping up for this announcement.
Factors Influencing this Quarter
Advance Auto Parts drives profits through its relentless focus on store expansion. During fiscal 2015, the company opened 121 stores. The increase in store count ensures higher availability of parts to customers, thereby leading to higher sales volume.
Advance Auto Parts expects comparable store sales growth to be in the low-single digits in fiscal 2016 which is better than flat comparable store sales recorded in fiscal 2015. Adjusted operating margin is expected to be 12% in fiscal 2016, higher than 10.2% recorded a year ago. In order to achieve the targeted operating margin, the company will focus on improving gross margins and reducing costs. Higher annual guidance raises hopes about an improvement in the company's first-quarter results as well.
However, Advance Auto Parts faces challenges from rising new vehicle sales and price competition. This can adversely affect the company's quarterly results.
Earnings Whispers
Our proven model does not conclusively show that Advance Auto Parts is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 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 -6.84% because the Most Accurate estimate stands at $2.45, while the Zacks Consensus Estimate is pegged at $2.63.
Zacks Rank: Advance Auto Parts carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
AutoZone, Inc. AZO - a Zacks Rank #2 (Buy) stock - will report its third-quarter fiscal 2016 (ended May 7, 2016) financial numbers on May 24.
CarMax Inc. KMX - a Zacks Rank #3 (Hold) stock - will report its first-quarter fiscal 2017 (ended May 31, 2016) results on Jun 17.
Navistar International Corporation NAV - a Zacks Rank #3 stock - will report its second-quarter fiscal 2016 (ended Apr 30, 2016) results on Jun 2.
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CARMAX GP (CC) (KMX): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
NAVISTAR INTL (NAV): 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 first-quarter fiscal 2016 results on May 19. Click to get this free report CARMAX GP (CC) (KMX): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report NAVISTAR INTL (NAV): Free Stock Analysis Report To read this article on Zacks.com click here. Factors Influencing this Quarter Advance Auto Parts drives profits through its relentless focus on store expansion.
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Click to get this free report CARMAX GP (CC) (KMX): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report NAVISTAR INTL (NAV): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP is expected to report first-quarter fiscal 2016 results on May 19. Advance Auto Parts expects comparable store sales growth to be in the low-single digits in fiscal 2016 which is better than flat comparable store sales recorded in fiscal 2015.
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Click to get this free report CARMAX GP (CC) (KMX): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report NAVISTAR INTL (NAV): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP is expected to report first-quarter fiscal 2016 results on May 19. Zacks Rank: Advance Auto Parts carries a Zacks Rank #4 (Sell).
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Advance Auto Parts Inc.AAP is expected to report first-quarter fiscal 2016 results on May 19. Click to get this free report CARMAX GP (CC) (KMX): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report NAVISTAR INTL (NAV): Free Stock Analysis Report To read this article on Zacks.com click here. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen.
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11685.0
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2016-05-05 00:00:00 UTC
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Auto Stock Roundup: US Sales Surge, Ford Posts Strong Earnings, Tesla Loss Widens
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-us-sales-surge-ford-posts-strong-earnings-tesla-loss-widens-2016-05-05
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Strong U.S. light-vehicle sales last month led to a new April record. As a result, sales on a seasonally adjusted annualized rate ("SAAR") basis also improved significantly. Meanwhile, Ford Motor Co. F and Tesla Motors, Inc. TSLA reported first-quarter results. While Ford posted strong earnings and revenues, Tesla's loss was significantly wider than expected. However, Tesla announced that it will expedite production, which should pull up the stock in today's trading session.
In another major development, the National Highway Traffic Safety Administration (NHTSA) ordered a massive expansion of the Takata airbag recall.
(Read the previous roundup here: Auto Stock Roundup for Apr 28, 2016 )
Recap of the Week's Most Important Stories
1. U.S. light-vehicle sales increased 3.5% year over year to 1.51 million units in Apr 2016. Record April sales pulled up SAAR to 17.42 million units from 16.56 million units in Mar 2016 and 16.77 million units in Apr 2015. General Motors Company GM led in terms of sales volume despite a 3.5% year-over-year decline.
2. Ford posted adjusted earnings per share of 68 cents in the first quarter of 2016, 39 cents higher than first-quarter 2015 (excluding special items). Moreover, earnings per share surpassed the Zacks Consensus Estimate of 43 cents. Revenues increased to $37.7 billion from $33.9 billion in the year-ago quarter. Moreover, the top line outpaced the Zacks Consensus Estimate of $36.10 billion. Ford expects 2016 pre-tax profit, earnings per share, automotive revenue and automotive operating margin to be equal to or higher than the 2015 levels. The company also anticipates recording strong automotive operating-related cash flow, albeit below 2015 levels (read more: Ford's Q1 Earnings Beat Estimates, View Reaffirmed ).
3. Tesla incurred adjusted loss (excluding one-time items other than stock-based compensation expense) of $1.24 per share in the first quarter of 2016, much wider than adjusted loss of 70 cents in the year-ago quarter. Moreover, the loss was significantly wider than the Zacks Consensus Estimate of a loss of 78 cents per share. Adjusted revenues improved 45% year over year to $1.60 billion, in line with the Zacks Consensus Estimate.
The automaker is targeting 80,000-90,000 vehicle deliveries in 2016, including 17,000 in the second quarter. Tesla has also decided to ramp up its production to 500,000 units by 2018, rather than the previous plan of 2020. This will lead to significantly higher capital expenditure in 2016, but should prove beneficial in the long run.
4. The NHTSA has ordered automakers to recall another 35-40 million Takata airbag inflators in the U.S. by 2019. The defective Takata airbags can explode, shooting metal fragments and injuring passengers, in case of a car crash. Around 24 million vehicles with 28.8 million airbag inflators have already been recalled for the defect. The expanded recall includes three new automakers -- Tesla, Fisker Automotive and Jaguar Land Rover. This takes the total affected automakers to 17. The news coincides with reports of two more casualties linked to the Takata airbags in Malaysia. This takes the global casualty count due to this defect to 13.
5. Penske Automotive Group, Inc. PAG announced a 3.9% increase in its quarterly cash dividend to 27 cents per share. The increase was driven by strong operating performance in the first quarter of 2016. It also reflects the company's commitment to return capital to its shareholders. The increased dividend for the first quarter will be paid on Jun 1 to shareholders of record as of May 16, 2016.
Performance
Most auto stocks recorded losses over the last week, led by Tesla. AutoZone, Inc. AZO was the only gainer among the stocks listed blow.
Meanwhile, Advance Auto Parts Inc. AAP retained its position as the biggest loser over the last six months.
What's Next in the Auto Space?
Toyota Motor Corporation TM will report its financial results for the fourth quarter and fiscal year ended Mar 31, 2016 in the coming week.
A few automakers will also report their China and Europe auto sales for April.
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PENSKE AUTO GRP (PAG): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
GENERAL MOTORS (GM): 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 retained its position as the biggest loser over the last six months. Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. In another major development, the National Highway Traffic Safety Administration (NHTSA) ordered a massive expansion of the Takata airbag recall.
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc. AAP retained its position as the biggest loser over the last six months. While Ford posted strong earnings and revenues, Tesla's loss was significantly wider than expected.
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc. AAP retained its position as the biggest loser over the last six months. Record April sales pulled up SAAR to 17.42 million units from 16.56 million units in Mar 2016 and 16.77 million units in Apr 2015.
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc. AAP retained its position as the biggest loser over the last six months. The NHTSA has ordered automakers to recall another 35-40 million Takata airbag inflators in the U.S. by 2019.
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11686.0
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2016-04-28 00:00:00 UTC
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Auto Stock Roundup: General Motors, Penske Automotive, Lear Corp Earnings Beat
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-general-motors-penske-automotive-lear-corp-earnings-beat-2016-04-28
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The first-quarter earnings season is turning out to be favorable for the auto sector with most companies beating on earnings. General Motors Company GM , Penske Automotive Group, Inc. PAG and Lear Corp. LEA were among the noteworthy releases over the past week. All three companies managed to beat both earnings and revenue estimates and even recorded year-over-year growth.
Meanwhile, Toyota Motor Corporation TM reported a decline in its global sales volume for fiscal 2016, while Ford Motor Co. F announced new investments for its U.S. plants.
(Read the previous roundup here: Auto Stock Roundup for Apr 21, 2016 )
Recap of the Week's Most Important Stories
1. General Motors recorded adjusted earnings of $1.26 per share in the first quarter of 2016, beating the Zacks Consensus Estimate of $1.01 by a wide margin. Earnings also surged 46.5% from 86 cents per share recorded in the first quarter of 2015. Revenues in the reported quarter were $37.3 billion, 4.5% higher than $35.7 billion recorded in the year-ago quarter. The top line also surpassed the Zacks Consensus Estimate of $34.95 billion (read more: General Motors Q1 Earnings Beat Estimates, Surge Y/Y ).
2. Penske Automotive's first-quarter 2016 earnings per share improved 7.1% to 90 cents from 84 cents earned a year ago. Moreover, earnings surpassed the Zacks Consensus Estimate of 87 cents. Revenues grew 7.6% year over year to $4.82 billion, surpassing the Zacks Consensus Estimate of $4.77 billion (read more: Penske Automotive Beats on Q1 Earnings and Sales ).
3. Lear Corp. posted adjusted earnings per share of $3.40 in the first quarter of 2016, up 49% from $2.28 in the year-ago quarter. Moreover, earnings beat the Zacks Consensus Estimate of $2.83. Revenues increased 8% year over year to $4.66 billion beating the Zacks Consensus Estimate of $4.64 billion. For 2016, Lear raised its adjusted net income forecast to $900-$940 million from the prior guidance of $720-$755 million.
4. Toyota reported global sales of 10.09 million vehicles in fiscal 2016, which represents a 0.7% year-over-year decline. A 3.5% fall in sales in Japan and a 2.1% decline in exports from Japan contributed to the downturn. These offset the 0.04% increase in sales outside Japan.
5. Ford announced a $1.6 billion investment to upgrade its manufacturing plants. Of this, $1.4 billion will be invested in the Livonia Transmission Plant in Michigan to build a new 10-speed transmission. The remaining $200 million will be invested in the Ohio Assembly Plant to build Super Duty chassis cabs.
Performance
Most auto stocks had favorable fortunes in the stock market over the last week, led by Harley-Davidson, Inc. HOG , which recorded a 5.3% gain. General Motors was the only loser among the stocks listed blow, losing merely 0.1%.
Meanwhile, Tesla Motors, Inc. TSLA and Advance Auto Parts Inc. AAP retained their positions as the biggest gainer and loser, respectively, over the last six months.
What's Next in the Auto Space?
Ford will report its financial results for the first quarter of 2016 before the market opens today. Tesla will also report first-quarter earnings in the coming week.
Most automakers will also report their U.S. auto sales for April on May 3.
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 >>
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PENSKE AUTO GRP (PAG): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
LEAR CORPORATN (LEA): Free Stock Analysis Report
HARLEY-DAVIDSON (HOG): Free Stock Analysis Report
GENERAL MOTORS (GM): 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, Tesla Motors, Inc. TSLA and Advance Auto Parts Inc. AAP retained their positions as the biggest gainer and loser, respectively, over the last six months. Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. General Motors Company GM , Penske Automotive Group, Inc. PAG and Lear Corp. LEA were among the noteworthy releases over the past week.
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Tesla Motors, Inc. TSLA and Advance Auto Parts Inc. AAP retained their positions as the biggest gainer and loser, respectively, over the last six months. The top line also surpassed the Zacks Consensus Estimate of $34.95 billion (read more: General Motors Q1 Earnings Beat Estimates, Surge Y/Y ).
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Tesla Motors, Inc. TSLA and Advance Auto Parts Inc. AAP retained their positions as the biggest gainer and loser, respectively, over the last six months. The top line also surpassed the Zacks Consensus Estimate of $34.95 billion (read more: General Motors Q1 Earnings Beat Estimates, Surge Y/Y ).
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Tesla Motors, Inc. TSLA and Advance Auto Parts Inc. AAP retained their positions as the biggest gainer and loser, respectively, over the last six months. General Motors recorded adjusted earnings of $1.26 per share in the first quarter of 2016, beating the Zacks Consensus Estimate of $1.01 by a wide margin.
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11687.0
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2016-04-22 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Harley-Davidson, General Motors, Ford Motor, Tesla Motors and Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-harley-davidson-general-motors-ford-motor-tesla-motors
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nan
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For Immediate Release
Chicago, IL - April 22, 2016 - 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 Harley-Davidson, Inc. ( HOG ), General Motors Company ( GM ), Ford Motor Co. ( F ), Tesla Motors, Inc. ( TSLA ) and Advance Auto Parts Inc. ( AAP ).
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: Driving Straight into Q1 Earnings
The auto sector is yet to enter the full-fledged earnings season, with only a handful of earnings releases seen last week. The most notable among them was from Harley-Davidson, Inc. ( HOG ), which reported strong results. Meanwhile, General Motors Company ( GM ) reported a decline in first-quarter global sales volume and Ford Motor Co. ( F ) reported a rise in Europe sales for the same period. Further, U.S. regulators revealed that the Takata airbag recall may be expanded further, while Consumer Reports revealed quality snags that are being reported by Tesla Motors, Inc.'s ( TSLA ) Model X owners.
(Read the previous roundup here: Auto Stock Roundup for Apr 14, 2016 )
Recap of the Week's Most Important Stories
1. Harley-Davidson reported earnings of $1.36 per share in the first quarter of 2016, higher than $1.27 recorded in the year-ago quarter. Moreover, earnings surpassed the Zacks Consensus Estimate of $1.28. Revenues from Motorcycles and Related Products improved to $1.58 billion in first-quarter 2016 from $1.51 billion in the year-ago quarter. Further, the figure topped the Zacks Consensus Estimate of $1.49 billion.
Harley-Davidson reaffirmed its guidance for motorcycle shipments in 2016 at 269,000-274,000 units, up 1-3% year over year. The company also reiterated its guidance for operating margin from the Motorcycles segment in the range of 16-17% (read more: Harley-Davidson Q1 Earnings Beat, View Reaffirmed ).
2. General Motors recorded a 2.5% decrease in global sales to 2.36 million vehicles in the first quarter of 2016. The decline was due to challenges being faced in South America and Asia, as well as a weaker mini-commercial vehicle market in China. These weaknesses offset the benefit of strong retail sales in the U.S., and SUV and luxury segment sales in China.
3. Ford recorded a 3.7% year-over-year rise in sales to 174,800 vehicles in its 20 traditional European markets (Euro 20) in Mar 2016. With this, the automaker lagged the industry's sales growth rate of 5.8%. In the first quarter of 2016, Ford's sales increased 8.5% to 363,500 vehicles (read more: Ford's Europe Sales Rise 3.7% in March, 8.5% in Q1 ).
4. The National Highway Traffic Safety Administration revealed that another 85 million airbags made by Takata may be recalled, unless the company proves their safety. These include 43.4 million passenger side inflators, 26.9 million side air bag inflators and 14.5 million driver side inflators. The defective Takata airbags can explode, shooting metal fragments and injuring passengers, in case of a car crash. There have been at least 11 fatalities and 100 injuries globally due to these faulty airbags.
5. Consumer Reports magazine revealed that Tesla's Model X has been facing many quality issues, including problems with the falcon wing doors as well as climate controls and faulty seats. Some owners also reported issues with paint quality and double vision of headlights and taillights at night due to the large windshield. However, the magazine also reported that Model X owners are appreciating Tesla' swift action in addressing these issues.
Performance
Auto stocks had mixed fortunes in the stock market over the last week. General Motors was leading the list of gainers, closely followed by Ford. Meanwhile, Tesla was the biggest loser among the ones listed below over the week, although it was the biggest gainer over the last six months. Advance Auto Parts Inc. ( AAP ) lost the maximum over the longer term.
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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 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.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today . Find out What is happening in the stock market today on zacks.com.
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HARLEY-DAVIDSON (HOG): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
ADVANCE AUTO PT (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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Stocks recently featured in the blog include Harley-Davidson, Inc. ( HOG ), General Motors Company ( GM ), Ford Motor Co. ( F ), Tesla Motors, Inc. ( TSLA ) and Advance Auto Parts Inc. ( AAP ). Advance Auto Parts Inc. ( AAP ) lost the maximum over the longer term. Click to get this free report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include Harley-Davidson, Inc. ( HOG ), General Motors Company ( GM ), Ford Motor Co. ( F ), Tesla Motors, Inc. ( TSLA ) and Advance Auto Parts Inc. ( AAP ). Click to get this free report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) lost the maximum over the longer term.
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Stocks recently featured in the blog include Harley-Davidson, Inc. ( HOG ), General Motors Company ( GM ), Ford Motor Co. ( F ), Tesla Motors, Inc. ( TSLA ) and Advance Auto Parts Inc. ( AAP ). Click to get this free report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) lost the maximum over the longer term.
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Stocks recently featured in the blog include Harley-Davidson, Inc. ( HOG ), General Motors Company ( GM ), Ford Motor Co. ( F ), Tesla Motors, Inc. ( TSLA ) and Advance Auto Parts Inc. ( AAP ). Advance Auto Parts Inc. ( AAP ) lost the maximum over the longer term. Click to get this free report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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11688.0
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2016-04-21 00:00:00 UTC
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Auto Stock Roundup: HOG Earnings, GM Global Sales, Ford's Europe Sales
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-hog-earnings-gm-global-sales-fords-europe-sales-2016-04-21
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nan
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nan
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The auto sector is yet to enter the full-fledged earnings season, with only a handful of earnings releases seen last week. The most notable among them was from Harley-Davidson, Inc. HOG , which reported strong results. Meanwhile, General Motors Company GM reported a decline in first-quarter global sales volume and Ford Motor Co. F reported a rise in Europe sales for the same period. Further, U.S. regulators revealed that the Takata airbag recall may be expanded further, while Consumer Reports revealed quality snags that are being reported by Tesla Motors, Inc.'s TSLA Model X owners.
(Read the previous roundup here: Auto Stock Roundup for Apr 14, 2016 )
Recap of the Week's Most Important Stories
1. Harley-Davidson reported earnings of $1.36 per share in the first quarter of 2016, higher than $1.27 recorded in the year-ago quarter. Moreover, earnings surpassed the Zacks Consensus Estimate of $1.28. Revenues from Motorcycles and Related Products improved to $1.58 billion in first-quarter 2016 from $1.51 billion in the year-ago quarter. Further, the figure topped the Zacks Consensus Estimate of $1.49 billion.
Harley-Davidson reaffirmed its guidance for motorcycle shipments in 2016 at 269,000-274,000 units, up 1-3% year over year. The company also reiterated its guidance for operating margin from the Motorcycles segment in the range of 16-17% (read more: Harley-Davidson Q1 Earnings Beat, View Reaffirmed ).
2. General Motors recorded a 2.5% decrease in global sales to 2.36 million vehicles in the first quarter of 2016. The decline was due to challenges being faced in South America and Asia, as well as a weaker mini-commercial vehicle market in China. These weaknesses offset the benefit of strong retail sales in the U.S., and SUV and luxury segment sales in China.
3. Ford recorded a 3.7% year-over-year rise in sales to 174,800 vehicles in its 20 traditional European markets (Euro 20) in Mar 2016. With this, the automaker lagged the industry's sales growth rate of 5.8%. In the first quarter of 2016, Ford's sales increased 8.5% to 363,500 vehicles (read more: Ford's Europe Sales Rise 3.7% in March, 8.5% in Q1 ).
4. The National Highway Traffic Safety Administration revealed that another 85 million airbags made by Takata may be recalled, unless the company proves their safety. These include 43.4 million passenger side inflators, 26.9 million side air bag inflators and 14.5 million driver side inflators. The defective Takata airbags can explode, shooting metal fragments and injuring passengers, in case of a car crash. There have been at least 11 fatalities and 100 injuries globally due to these faulty airbags.
5. Consumer Reports magazine revealed that Tesla's Model X has been facing many quality issues, including problems with the falcon wing doors as well as climate controls and faulty seats. Some owners also reported issues with paint quality and double vision of headlights and taillights at night due to the large windshield. However, the magazine also reported that Model X owners are appreciating Tesla' swift action in addressing these issues.
Performance
Auto stocks had mixed fortunes in the stock market over the last week. General Motors was leading the list of gainers, closely followed by Ford. Meanwhile, Tesla was the biggest loser among the ones listed below over the week, although it was the biggest gainer over the last six months. Advance Auto Parts Inc. AAP lost the maximum over the longer term.
What's Next in the Auto Space?
General Motors, Penske Automotive Group, Inc. PAG and Lear Corp. LEA are some of the companies that will report their financial results for the first quarter of 2016 in the coming week.
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 >>
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PENSKE AUTO GRP (PAG): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
LEAR CORPORATN (LEA): Free Stock Analysis Report
HARLEY-DAVIDSON (HOG): Free Stock Analysis Report
GENERAL MOTORS (GM): 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 over the longer term. Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. The company also reiterated its guidance for operating margin from the Motorcycles segment in the range of 16-17% (read more: Harley-Davidson Q1 Earnings Beat, View Reaffirmed ).
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP lost the maximum over the longer term. Meanwhile, General Motors Company GM reported a decline in first-quarter global sales volume and Ford Motor Co. F reported a rise in Europe sales for the same period.
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP lost the maximum over the longer term. Meanwhile, General Motors Company GM reported a decline in first-quarter global sales volume and Ford Motor Co. F reported a rise in Europe sales for the same period.
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP lost the maximum over the longer term. Further, U.S. regulators revealed that the Takata airbag recall may be expanded further, while Consumer Reports revealed quality snags that are being reported by Tesla Motors, Inc.'s TSLA Model X owners.
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11689.0
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2016-04-14 00:00:00 UTC
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Agree To Buy Advance Auto Parts At $130, Earn 4.3% Annualized Using Options
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AAP
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https://www.nasdaq.com/articles/agree-buy-advance-auto-parts-130-earn-43-annualized-using-options-2016-04-14
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nan
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nan
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but cautious about paying the going market price of $160.98/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $130 strike, which has a bid at the time of this writing of $4.30. Collecting that bid as the premium represents a 3.3% return against the $130 commitment, or a 4.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $130 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Advance Auto Parts Inc sees its shares decline 19.4% and the contract is exercised (resulting in a cost basis of $125.70 per share before broker commissions, subtracting the $4.30 from $130), the only upside to the put seller is from collecting that premium for the 4.3% annualized rate of return.
Worth considering, is that the annualized 4.3% figure actually exceeds the 0.1% annualized dividend paid by Advance Auto Parts Inc by 4.2%, based on the current share price of $160.98. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to fall 19.39% to reach the $130 strike price.
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $130 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2017 put at the $130 strike for the 4.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Advance Auto Parts Inc (considering the last 253 trading day closing values as well as today's price of $160.98) to be 32%. For other put options contract ideas at the various different available expirations, visit the AAP Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Thursday, the put volume among S&P 500 components was 811,501 contracts, with call volume at 811,501, for a put:call ratio of 0.71 so far for the day, which is above normal compared to the long-term median put:call ratio of .65. In other words, if we look at the number of call buyers and then use the long-term median to project the number of put buyers we'd expect to see, we're actually seeing more put buyers than expected out there in options trading so far today. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but cautious about paying the going market price of $160.98/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield.
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but cautious about paying the going market price of $160.98/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield.
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but cautious about paying the going market price of $160.98/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield.
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) shares, but cautious about paying the going market price of $160.98/share, might benefit from considering selling puts among the alternative strategies at their disposal. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.1% annualized dividend yield. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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11690.0
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2016-04-07 00:00:00 UTC
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Auto Stock Roundup: Tesla Launches Model 3, U.S. Auto Sales Up in March, Toyota & Microsoft Team Up
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-tesla-launches-model-3-u.s.-auto-sales-up-in-march-toyota-microsoft
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nan
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nan
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Tesla Motors, Inc. TSLA finally launched the Model 3, which created a buzz globally and pulled up the stock by 17% over the week. Meanwhile, U.S. light-vehicle sales figures for March improved 3.1% year over year but sales on a seasonally adjusted annualized rate ("SAAR") basis declined.
Among the other noteworthy developments, Ford Motor Co. F announced investments in Mexico and South Africa, while Advance Auto Parts, Inc. AAP appointed a new Chief Executive Officer (CEO). Toyota Motor Corporation TM announced a collaboration with Microsoft Corporation MSFT for delivering Internet connected car solutions.
Recap of the Week's Most Important Stories
1. Tesla's long-awaited Model 3 was unveiled in California amid massive fanfare on Mar 31. Model 3 is a four-door, five-seat electric sedan with a range of 215 miles per charge and acceleration of 0-60 mph in less than 6 seconds. It is equipped with Tesla's Autopilot hardware, has both front and rear trunks, and is expected to obtain five-star safety ratings. The car will be produced from late 2017. Tesla opened bookings for Model 3 on the morning of Mar 31 and pre-orders crossed 276,000 units in the first three days (read more: 3 Key Takeaways from Tesla's Model 3 Launch ).
2. U.S. light-vehicle sales increased 3.1% year over year to 1.6 million units in Mar 2016. Lower increase in retail sales led to a slowdown in sales growth. Consequently, SAAR declined to 16.56 million units in Mar 2016 from 17.53 million units in Feb 2016 and 17.14 million units in Mar 2015. This is the lowest SAAR since Feb 2015. Ford led in terms of sales volume for Mar 2016 (read more: U.S. Auto Sales Rise in March, SAAR Lowest Since Feb '15 ).
3. Ford announced two new investments this week. The first investment, amounting to $1.6 billion, will be used to build a new small car plant in Mexico. The second investment, totaling R2.5-billion ($170 million), will be used to expand operations at its Silverton Assembly Plant in Pretoria, South Africa. The investment will support the production of Ford Everest and Ford Ranger (read more: Ford to Invest $170M in South Africa for Everest SUV ).
4. Toyota and Microsoft teamed up to accelerate telematics research, network security and data analytics for delivering Internet connected car solutions. The duo aims at adding wings to connected car services by combining computer and wireless technology to provide information, entertainment and real time traffic updates to vehicles in motion. Toyota has launched its data science hub for global operations in the form of a new company Toyota Connected, Inc. headquartered in Plano, TX. Toyota Connected plans to use Microsoft's Azure platform to make driving more personal, perceptive and safer. The company stated that the initial investment will be $5.5 million (read more: Microsoft Teams Up with Toyota for Connected Car Services ).
5. Advance Auto Parts has appointed Thomas Greco as CEO, effective Apr 11, 2016. He will replace the interim CEO, George Sherman, who will continue to be the President of the company. Greco will also become a director of Advance Auto Parts.
Performance
Most auto stocks recorded losses over the last week, led by Toyota. Tesla was the only stock among the ones listed below to record a gain over the week, driven by the positivity surrounding the launch of Model 3. The electric carmaker was also the biggest gainer over the last six months, while Honda Motor Co., Ltd. HMC lost the maximum.
What's Next in the Auto Space?
A few automakers may report their China and Europe sales data for March in the coming week.
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 >>
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FORD MOTOR CO (F): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
MICROSOFT CORP (MSFT): 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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Among the other noteworthy developments, Ford Motor Co. F announced investments in Mexico and South Africa, while Advance Auto Parts, Inc. AAP appointed a new Chief Executive Officer (CEO). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Toyota and Microsoft teamed up to accelerate telematics research, network security and data analytics for delivering Internet connected car solutions.
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Among the other noteworthy developments, Ford Motor Co. F announced investments in Mexico and South Africa, while Advance Auto Parts, Inc. AAP appointed a new Chief Executive Officer (CEO). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Toyota Motor Corporation TM announced a collaboration with Microsoft Corporation MSFT for delivering Internet connected car solutions.
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Among the other noteworthy developments, Ford Motor Co. F announced investments in Mexico and South Africa, while Advance Auto Parts, Inc. AAP appointed a new Chief Executive Officer (CEO). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Ford led in terms of sales volume for Mar 2016 (read more: U.S. Auto Sales Rise in March, SAAR Lowest Since Feb '15 ).
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Among the other noteworthy developments, Ford Motor Co. F announced investments in Mexico and South Africa, while Advance Auto Parts, Inc. AAP appointed a new Chief Executive Officer (CEO). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Ford led in terms of sales volume for Mar 2016 (read more: U.S. Auto Sales Rise in March, SAAR Lowest Since Feb '15 ).
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11691.0
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2016-04-07 00:00:00 UTC
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Instant Analysis: Advance Auto Parts Names a New CEO
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AAP
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https://www.nasdaq.com/articles/instant-analysis-advance-auto-parts-names-new-ceo-2016-04-07
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nan
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nan
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What happened?
A new executive will take the wheel at Advance Auto Parts in the very near future. The company named a new CEO, Thomas Greco, who will formally take the position on April 11. Greco replaces interim CEO George Sherman, who will continue as the company's president.
Does it matter?
Plucking a new CEO from the ranks of PepsiCo to run an operator of car-parts stores might seem like an odd move. But like the food and drink purveyor, Advance Auto Parts is a customer-facing company that has to operate in a competitive business against determined rivals both large and small. It's a job that demands a seasoned executive used to fighting for market share, and that's what the company appears to have landed in Greco. I think the news of his appointment will be taken positively by shareholders.
The new boss will certainly not have an easy job. Advance Auto Parts' same-store sales growth turned negative in 2015, in contrast to better-performing rivals like AutoZone . Sales were down slightly in the quarter compared to the same period one year ago, while net profit declined by 35%. Meanwhile, activist investor Starboard Value has agitated for the company to find ways to improve profitability.
A secret billion-dollar stock opportunity
The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
The article Instant Analysis: Advance Auto Parts Names a New CEO originally appeared on Fool.com.
Eric Volkman has no position in any stocks mentioned. The Motley Fool owns shares of and recommends PepsiCo. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2016 The Motley Fool, LLC. All rights reserved. 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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But like the food and drink purveyor, Advance Auto Parts is a customer-facing company that has to operate in a competitive business against determined rivals both large and small. It's a job that demands a seasoned executive used to fighting for market share, and that's what the company appears to have landed in Greco. Advance Auto Parts' same-store sales growth turned negative in 2015, in contrast to better-performing rivals like AutoZone .
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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 article Instant Analysis: Advance Auto Parts Names a New CEO originally appeared on Fool.com.
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The company named a new CEO, Thomas Greco, who will formally take the position on April 11. But like the food and drink purveyor, Advance Auto Parts is a customer-facing company that has to operate in a competitive business against determined rivals both large and small. A secret billion-dollar stock opportunity The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology.
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The company named a new CEO, Thomas Greco, who will formally take the position on April 11. It's a job that demands a seasoned executive used to fighting for market share, and that's what the company appears to have landed in Greco. The Motley Fool owns shares of and recommends PepsiCo.
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11692.0
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2016-03-17 00:00:00 UTC
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Jana Partners Buys Pfizer, AIG, Microsoft
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AAP
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https://www.nasdaq.com/articles/jana-partners-buys-pfizer-aig-microsoft-2016-03-17
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nan
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nan
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Jana Partners is an investment manager specializing in event-driven investing founded in 2001 by Barry Rosenstein, Jana's managing partner and co-portfolio manager. Jana typically applies a fundamental value discipline to identify undervalued companies that have one or more specific catalysts to unlock value. The following were some of its fourth quarter trades.
It acquired 8,080,186 shares in Liberty Interactive Corp. ( LVNTA ) with an impact of 5.14% on the portfolio.
The company owns interests in subsidiaries and other companies engaged in video and on-line commerce industries.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with strong returns of ROE of 14.77% and ROA of 4.61% that are over performing 63% of the companies in the Global Media - Diversified industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.39 that is below the industry median of 1.67.
Some notable shareholders among the gurus are RS Investment Management ( Trades , Portfolio ) with 0.55% of outstanding shares, Murray Stahl ( Trades , Portfolio ) with 0.42%, Chris Davis ( Trades , Portfolio ) with 0.27%, Wallace Weitz ( Trades , Portfolio ) with 0.15% and Howard Marks ( Trades , Portfolio ) with 0.14%.
The investor bought 9,168,818 shares in Pfizer Inc. ( PFE ) with an impact of 4.17% on the portfolio.
It is a research-based, biopharmaceutical company. The company applies science and its resources to bring therapies to people that extend and improve their lives through the discovery, development and manufacture of healthcare products. Fourth quarter revenue grew 7% from the same quarter of a year before, adjusted income grew 4% and net income increased by 50%.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with good returns of ROE of 10.32% and ROA of 4.21% that are over performing 52% of the companies in the industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.60 that is below the industry median of 3.46.
James Barrow is the largest shareholder of the company among the gurus with 0.87% of outstanding shares, followed by Ken Fisher ( Trades , Portfolio ) with 0.52%, T Rowe Price Equity Income Fund ( Trades , Portfolio ) with 0.23%, Lee Ainslie ( Trades , Portfolio ) with 0.18%, Diamond Hill Capital ( Trades , Portfolio ) with 0.17% and Jana Partners ( Trades , Portfolio ) with 0.15%.
Jana acquired 4,253,849 shares in American International Group Inc. ( AIG ) with an impact of 3.72% on the portfolio.
It is a holding company that is engaged in insurance and insurance-related activities in the U.S. and abroad. In 2015, the company returned almost $12 billion of capital to shareholders in the form of share repurchases and dividends, and through Feb. 11, it repurchased another $2.5 billion of outstanding AIG common shares. Fourth quarter net loss was $1.50 per diluted share compared to net income of 46 cents per share
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to 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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GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with strong returns of ROE of 14.77% and ROA of 4.61% that are over performing 63% of the companies in the Global Media - Diversified industry. The company applies science and its resources to bring therapies to people that extend and improve their lives through the discovery, development and manufacture of healthcare products. GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with good returns of ROE of 10.32% and ROA of 4.21% that are over performing 52% of the companies in the industry.
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Some notable shareholders among the gurus are RS Investment Management ( Trades , Portfolio ) with 0.55% of outstanding shares, Murray Stahl ( Trades , Portfolio ) with 0.42%, Chris Davis ( Trades , Portfolio ) with 0.27%, Wallace Weitz ( Trades , Portfolio ) with 0.15% and Howard Marks ( Trades , Portfolio ) with 0.14%. James Barrow is the largest shareholder of the company among the gurus with 0.87% of outstanding shares, followed by Ken Fisher ( Trades , Portfolio ) with 0.52%, T Rowe Price Equity Income Fund ( Trades , Portfolio ) with 0.23%, Lee Ainslie ( Trades , Portfolio ) with 0.18%, Diamond Hill Capital ( Trades , Portfolio ) with 0.17% and Jana Partners ( Trades , Portfolio ) with 0.15%. Fourth quarter net loss was $1.50 per diluted share compared to net income of 46 cents per share About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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Some notable shareholders among the gurus are RS Investment Management ( Trades , Portfolio ) with 0.55% of outstanding shares, Murray Stahl ( Trades , Portfolio ) with 0.42%, Chris Davis ( Trades , Portfolio ) with 0.27%, Wallace Weitz ( Trades , Portfolio ) with 0.15% and Howard Marks ( Trades , Portfolio ) with 0.14%. James Barrow is the largest shareholder of the company among the gurus with 0.87% of outstanding shares, followed by Ken Fisher ( Trades , Portfolio ) with 0.52%, T Rowe Price Equity Income Fund ( Trades , Portfolio ) with 0.23%, Lee Ainslie ( Trades , Portfolio ) with 0.18%, Diamond Hill Capital ( Trades , Portfolio ) with 0.17% and Jana Partners ( Trades , Portfolio ) with 0.15%. Fourth quarter net loss was $1.50 per diluted share compared to net income of 46 cents per share About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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Some notable shareholders among the gurus are RS Investment Management ( Trades , Portfolio ) with 0.55% of outstanding shares, Murray Stahl ( Trades , Portfolio ) with 0.42%, Chris Davis ( Trades , Portfolio ) with 0.27%, Wallace Weitz ( Trades , Portfolio ) with 0.15% and Howard Marks ( Trades , Portfolio ) with 0.14%. Jana acquired 4,253,849 shares in American International Group Inc. ( AIG ) with an impact of 3.72% on the portfolio. Fourth quarter net loss was $1.50 per diluted share compared to net income of 46 cents per share About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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11693.0
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2016-03-15 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for March 16, 2016
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-march-16-2016-2016-03-15
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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 16, 2016. A cash dividend payment of $0.06 per share is scheduled to be paid on April 01, 2016. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 41st quarter that AAP has paid the same dividend.
The previous trading day's last sale of AAP was $159.34, representing a -20.82% decrease from the 52 week high of $201.24 and a 21.09% increase over the 52 week low of $131.59.
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 $6.81. Zacks Investment Research reports AAP's forecasted earnings growth in 2016 as 14.24%, compared to an industry average of 11.1%.
For more information on the declaration, record and payment dates, visit the AAP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAP as a top-10 holding:
Schwab U.S. Mid Cap ETF ( SCHM )
Direxion All Cap Insider Sentiment Shares ( KNOW ).
The top-performing ETF of this group is KNOW with an increase of 0.92% over the last 100 days. SCHM has the highest percent weighting of AAP at 0.45%.
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 2016 as 14.24%, compared to an industry average of 11.1%. 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. 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 16, 2016.
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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 $159.34, representing a -20.82% decrease from the 52 week high of $201.24 and a 21.09% increase over the 52 week low of $131.59. 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 $6.81. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on March 16, 2016.
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11694.0
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2016-03-04 00:00:00 UTC
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Amazon vs. Wal-Mart: Who's Winning Retail's Title Fight?
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AAP
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https://www.nasdaq.com/articles/amazon-vs-wal-mart-whos-winning-retails-title-fight-2016-03-04-0
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nan
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nan
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Online retail sales continue to skyrocket. Meanwhile, many brick-and-mortar retailer stores are laying off employees.
Like other traditional brick-and-mortar retailers,Wal-Mart Stores ( WMT ) competes with the shop-from-anywhere convenience thatAmazon.com ( AMZN ) and other online retailers offer, as well as perks like free two-day shipping on nearly all products plus free streaming of music and tens of thousands of movies and TV shows with Amazon Prime.
On the surface, it appears that online retailers have traditional retailers on the ropes. But the fight is entering a new round, analysts say, as both online and brick-and-mortar retailers embrace new technology that's erasing boundaries between them.
In some ways, the effect that online stores are having on traditional retailers is similar to the offshoring drive that gained momentum several decades ago as U.S. manufacturers went to China for low wage costs. That trend reduced the number of manufacturing jobs in America.
Likewise, the trend to online retail is having a major impact on the U.S. economy by cutting jobs. Retail Metrics President Ken Perkins says that it's hard to come by accurate hard data on exactly how many jobs are lost as a result of retail store layoffs and store closings, but more jobs are being lost than gained.
"I don't think many traditional retail CEOs would say publicly, 'Amazon is eating our lunch,' " Perkins told IBD. "But they (traditional retailers) are not hiring anywhere near the number of people needed to offset the store closings we've seen."
Among stores that had net fewer stores at the end of 2015 vs. the end of 2014, auto parts chainAdvance Auto Parts ( AAP ) reported a net change of 160 fewer stores, according to Retail Metrics data compiled from company reports.
Office Depot ( ODP ) shed 181 stores.Walgreens Boots Alliance ( WBA ), which completed the Walgreen and Boots Alliance merger at the end of 2014, had a net loss of 57 stores in 2015 as it merged the companies. Leather goods retailerCoach (COH) lost 45 stores, and struggling women's apparel retailerBebe Stores (BEBE) was down net 60 stores, among others.
The outlook for retail employment is cloudy. Cowen & Co. analyst Oliver Chen said that total U.S. retail sales, both online and in-store, currently are good but not great.
"Retail sales aren't getting exuberant type of growth," Chen said. The outlook is better for spending by middle to lower-end consumers, who benefit more from lower unemployment and cheap gas, he said. But high earners saw their stock portfolios plunge in early 2016, which could curb their retail spending for awhile.
"There is disruption happening. The power has shifted to consumers," as online and old-line retailers battle for consumers' dollars, Chen said.
Malls Are Much Emptier
Wal-Mart, with more than $482 billion in revenue last year, said on Jan. 15 that it was closing 269 stores globally. But the retail giant said in the same report that it "will continue to invest in its future," including opening roughly 154 new stores in the U.S. and 200 to 240 internationally in 2016, likely giving it a net gain in stores this year.
Wal-Mart President and CEO C. Douglas McMillon told analysts on the company's fourth-quarter earnings call on Feb. 18, "We're improving our stores, adding critical capabilities and deepening our digital relationships with customers as we work to become the first to deliver a seamless shopping experience at scale."
Meanwhile, online retail pioneers such aseBay (EBAY) and Amazon are expanding into adjacent markets that often overlap traditional stores. Amazon has been expanding home grocery delivery via its AmazonFresh service, competing with No. 1 U.S. supermarket chainKroger (KR) as well as Wal-Mart andTarget (TGT), which have expanded grocery offerings in recent years.
In February of this year, Amazon reportedly quietly rolled out its own private label fashion apparel. It ramps up competition with highly rated apparel retailers likeMichael Kors (KORS),Francesca's (FRAN) andRoss Stores (ROST), whose stock is on the IBD Leaderboard list of top-rated stocks. Women's Wear Daily has cited KeyBanc Capital data in saying that Amazon has introduced at least seven private label fashion brands with about 1,800 items.
Technology is driving the integration of online and brick-and-mortar retail, according to John Challenger, president of outplacement firm Challenger, Gray & Christmas.
"Malls today are much emptier," Challenger said in an IBD interview. "There is no question (traditional) retailers are trying hard to figure out how to draw people to stores. Just like movie theaters are trying to figure out how to bring people in rather than watch movies on TV," with offerings like dinner-and-a-meal theaters.
Among the trends at work are mobile shopping via smartphones and tablets, and the rise of "destination" malls that feature spa services, movie theaters, fine restaurants and kiosks that sell autos, he said.
More people are shopping with smartphone apps, both in stores and online. They shop and buy goods at home or on the road with their phone. They search for prices and coupons while in stores, including checking competitors' prices for items they want.
U.S. Bureau of Labor Statistics data show that total retail employment (online and in-store) in 2015 for the first time rose above the pre-recession high-water mark of 15.57 million set in 2007, climbing to 15.75 million.
But the National Retail Federation in its annual forecast released on Feb. 10 said that it expects retail sales employment gains of about 190,000 on a monthly average this year, down from 2015's high point.
A Feb. 12 Commerce Department retail sales report highlights the dilemma that traditional retailers face. Total retail sales grew 3.4% in 2015 to $449.9 billion. But the bulk of growth was in the "nonstore retailers" category -- mainly online shopping, which jumped 10.5% for the year to $36.2 billion.
The U.S. retail market is attracting global competition, too. "The transition to online shopping and globalization together are changing how our workforce operates and the skills needed. New technology sets the foundation for new jobs," Challenger said.
A recent retail immigrant is Dublin-based fashion retailer Primark, which opened its first U.S. store in Boston in September. It recently added another store in New York City and plans to expand in other cities in Massachusetts, Pennsylvania, Connecticut and New Jersey.
But the mature and competitive U.S. retail market is a tough nut to crack. China-basedAlibaba Group Holdings (BABA) launched 11Main.com, a retail site for U.S. markets, in June 2014. After making little headway, it sold the site to privately-held online marketplace operator OpenSky a year later (but also took a 37.5% stake in OpenSky). Alibaba has since said little about approaching U.S. markets, but in February it announced that it had taken a 5.6% stake (33 million shares) in online deals websiteGroupon (GRPN).
Some U.S. traditional retailers are expanding their stores. Decorative hardware, bathware, furniture and lighting retailerRestoration Hardware (RH), for example, has traditionally operated stores of 6,000 to 8,000 square feet. Now it's in the process of opening superstores with up to 50,000 square feet of space in major markets, which will boost its hiring.
U.S. Retail In 2020
PricewaterhouseCoopers recently released "Total Retail 2016," a study identifying economic drivers that could reshape the U.S. retail landscape. The market tracker surveyed consumers, who said that ease of checkout and informed store associates were the top things they want in brick-and-mortar retailers.
Steve Barr, PricewaterhouseCoopers' U.S. retail and consumer sector analyst, told IBD that thanks to recent developments, "The retail store is not dead. There is a unique opportunity for leading retailers to engage with consumers whenever and wherever they like to shop."
"As stores transform into enhanced experiences, there is a real need for employees to take care of customers. There will be a meaningful shift in jobs," Barr said.
Retail Metrics' Perkins said that the overall picture for retailers this year looks good. "Certainly there are some underlying developments that should boost solid spending this year. Jobs are good, and gas is selling as low as $1.75 a gallon. Who would have thought that several years ago?"
Still, Cowen & Co.'s Chen said that for online and brick-and-mortar retailers, "There are lots of battles to be fought. And they are happening now."
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.
|
Among stores that had net fewer stores at the end of 2015 vs. the end of 2014, auto parts chainAdvance Auto Parts ( AAP ) reported a net change of 160 fewer stores, according to Retail Metrics data compiled from company reports. In some ways, the effect that online stores are having on traditional retailers is similar to the offshoring drive that gained momentum several decades ago as U.S. manufacturers went to China for low wage costs. Wal-Mart President and CEO C. Douglas McMillon told analysts on the company's fourth-quarter earnings call on Feb. 18, "We're improving our stores, adding critical capabilities and deepening our digital relationships with customers as we work to become the first to deliver a seamless shopping experience at scale."
|
Among stores that had net fewer stores at the end of 2015 vs. the end of 2014, auto parts chainAdvance Auto Parts ( AAP ) reported a net change of 160 fewer stores, according to Retail Metrics data compiled from company reports. U.S. Bureau of Labor Statistics data show that total retail employment (online and in-store) in 2015 for the first time rose above the pre-recession high-water mark of 15.57 million set in 2007, climbing to 15.75 million. Steve Barr, PricewaterhouseCoopers' U.S. retail and consumer sector analyst, told IBD that thanks to recent developments, "The retail store is not dead.
|
Among stores that had net fewer stores at the end of 2015 vs. the end of 2014, auto parts chainAdvance Auto Parts ( AAP ) reported a net change of 160 fewer stores, according to Retail Metrics data compiled from company reports. Like other traditional brick-and-mortar retailers,Wal-Mart Stores ( WMT ) competes with the shop-from-anywhere convenience thatAmazon.com ( AMZN ) and other online retailers offer, as well as perks like free two-day shipping on nearly all products plus free streaming of music and tens of thousands of movies and TV shows with Amazon Prime. Retail Metrics President Ken Perkins says that it's hard to come by accurate hard data on exactly how many jobs are lost as a result of retail store layoffs and store closings, but more jobs are being lost than gained.
|
Among stores that had net fewer stores at the end of 2015 vs. the end of 2014, auto parts chainAdvance Auto Parts ( AAP ) reported a net change of 160 fewer stores, according to Retail Metrics data compiled from company reports. The power has shifted to consumers," as online and old-line retailers battle for consumers' dollars, Chen said. New technology sets the foundation for new jobs," Challenger said.
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11695.0
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2016-03-04 00:00:00 UTC
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Sarah Ketterer Sells Stake in Pennsylvania Utility Company
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AAP
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https://www.nasdaq.com/articles/sarah-ketterer-sells-stake-pennsylvania-utility-company-2016-03-04
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nan
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nan
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Sarah Ketterer ( Trades , Portfolio ), CEO of Causeway Capital Management, bought five new stakes in the fourth quarter, but her top three transactions were divestitures.
Ketterer's most noteworthy fourth-quarter deal was the sale of her 3,922,158-share stake in PPL Corp. ( PPL ), an electric utility company based in Allentown, Pennsylvania, for an average price of $33.74 per share. The divestiture had a -3.2% impact on Ketterer's portfolio.
PPL's leading shareholder among the gurus is HOTCHKIS & WILEY with a stake of 5,061,704 shares. The stake is 0.75% of the company's outstanding shares and 0.7% of the guru's total assets.
PPL has a P/E of 34.4, a forward P/E of 14.4, a P/B of 2.4 and a P/S of 3.1. GuruFocus gives PPL a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
PPL sold for $35.23 per share Thursday.
Ketterer sold her 1,716,236-share stake in Altria Group Inc. ( MO ), a tobacco and cigarette company based in Henrico County, Virginia, for an average price of $58.01 per share. The deal had a -2.7% impact on Ketterer's portfolio.
Altria Group's leading shareholder among the gurus is James Barrow ( Trades , Portfolio ) with a stake of 22,220,801 shares. The stake is 1.13% of the company's outstanding shares and 1.93% of Barrow's total assets.
Altria Group has a P/E of 23.2, a forward P/E of 27.3, a P/B of 42.4 and a P/S of 6.4. GuruFocus gives Altria Group a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Ketterer sold her 3,749,041-share stake in USG Corp. ( USG ), a Chicago-based building products company, for an average price of $24.57 per share. The transaction had a -2.47% impact on Ketterer's portfolio.
Warren Buffett ( Trades , Portfolio ) is USG's leading shareholder among the gurus with a stake of 39,002,016 shares. The stake is 26.77% of USG's outstanding shares and 0.72% of Buffett's total assets.
USG has a P/E of 3.3, a forward P/E of 10.5, a P/B of 2.3 and a P/S of 0.8. GuruFocus gives USG a Financial Strength rating of 4/10 and a Profitability and Growth rating of 3/10.
Ketterer purchased a 1,541,690-share stake in Allstate Corp. ( ALL ), a Northfield Township, Illinois-based insurance company, for an average price of $62.27 per share. The acquisition had a 2.43% impact on Ketterer's portfolio.
Ketterer's stake is 0.41% of the company's outstanding shares and 2.43% of Ketterer's total assets. HOTCHKIS & WILEY is Allstate's leading shareholder among the gurus with a stake of 4,016,224 shares. The stake is 1.06% of Allstate's outstanding shares and 1.01% of the guru's total assets.
Allstate has a P/E of 13, a forward P/E of 10.3, a P/B of 1.4 and a P/S of 0.8. GuruFocus gives Allstate a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Ketterer acquired
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to 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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Sarah Ketterer ( Trades , Portfolio ), CEO of Causeway Capital Management, bought five new stakes in the fourth quarter, but her top three transactions were divestitures. Ketterer sold her 1,716,236-share stake in Altria Group Inc. ( MO ), a tobacco and cigarette company based in Henrico County, Virginia, for an average price of $58.01 per share. Ketterer purchased a 1,541,690-share stake in Allstate Corp. ( ALL ), a Northfield Township, Illinois-based insurance company, for an average price of $62.27 per share.
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Altria Group's leading shareholder among the gurus is James Barrow ( Trades , Portfolio ) with a stake of 22,220,801 shares. GuruFocus gives Altria Group a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10. Warren Buffett ( Trades , Portfolio ) is USG's leading shareholder among the gurus with a stake of 39,002,016 shares.
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Ketterer's most noteworthy fourth-quarter deal was the sale of her 3,922,158-share stake in PPL Corp. ( PPL ), an electric utility company based in Allentown, Pennsylvania, for an average price of $33.74 per share. Ketterer sold her 3,749,041-share stake in USG Corp. ( USG ), a Chicago-based building products company, for an average price of $24.57 per share. Ketterer's stake is 0.41% of the company's outstanding shares and 2.43% of Ketterer's total assets.
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Ketterer sold her 3,749,041-share stake in USG Corp. ( USG ), a Chicago-based building products company, for an average price of $24.57 per share. Ketterer's stake is 0.41% of the company's outstanding shares and 2.43% of Ketterer's total assets. Ketterer acquired About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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11696.0
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2016-03-04 00:00:00 UTC
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Amazon vs. Wal-Mart: Who’s Winning Retail’s Title Fight?
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AAP
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https://www.nasdaq.com/articles/amazon-vs-wal-mart-whos-winning-retails-title-fight-2016-03-04
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nan
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nan
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Online retail sales continue to skyrocket. Meanwhile, many brick-and-mortar retailer stores are laying off employees.
Like other traditional brick-and-mortar retailers, Wal-Mart Stores ( WMT ) competes with the shop-from-anywhere convenience that Amazon.com ( AMZN ) and other online retailers offer, as well as perks like free two-day shipping on nearly all products plus free streaming of music and tens of thousands of movies and TV shows with Amazon Prime.
On the surface, it appears that online retailers have traditional retailers on the ropes. But the fight is entering a new round, analysts say, as both online and brick-and-mortar retailers embrace new technology that's erasing boundaries between them.
In some ways, the effect that online stores are having on traditional retailers is similar to the offshoring drive that gained momentum several decades ago as U.S. manufacturers went to China for low wage costs. That trend reduced the number of manufacturing jobs in America.
Likewise, the trend to online retail is having a major impact on the U.S. economy by cutting jobs. Retail Metrics President Ken Perkins says that it's hard to come by accurate hard data on exactly how many jobs are lost as a result of retail store layoffs and store closings, but more jobs are being lost than gained.
"I don't think many traditional retail CEOs would say publicly, 'Amazon is eating our lunch,' " Perkins told IBD. "But they (traditional retailers) are not hiring anywhere near the number of people needed to offset the store closings we've seen."
Among stores that had net fewer stores at the end of 2015 vs. the end of 2014, auto parts chain Advance Auto Parts ( AAP ) reported a net change of 160 fewer stores, according to Retail Metrics data compiled from company reports.
Office Depot ( ODP ) shed 181 stores. Walgreens Boots Alliance ( WBA ), which completed the Walgreen and Boots Alliance merger at the end of 2014, had a net loss of 57 stores in 2015 as it merged the companies. Leather goods retailer Coach (COH) lost 45 stores, and struggling women's apparel retailer Bebe Stores (BEBE) was down net 60 stores, among others.
The outlook for retail employment is cloudy. Cowen & Co. analyst Oliver Chen said that total U.S. retail sales, both online and in-store, currently are good but not great.
"Retail sales aren't getting exuberant type of growth," Chen said. The outlook is better for spending by middle to lower-end consumers, who benefit more from lower unemployment and cheap gas, he said. But high earners saw their stock portfolios plunge in early 2016, which could curb their retail spending for awhile.
"There is disruption happening. The power has shifted to consumers," as online and old-line retailers battle for consumers' dollars, Chen said.
Malls Are Much Emptier
Wal-Mart, with more than $482 billion in revenue last year, said on Jan. 15 that it was closing 269 stores globally. But the retail giant said in the same report that it "will continue to invest in its future," including opening roughly 154 new stores in the U.S. and 200 to 240 internationally in 2016, likely giving it a net gain in stores this year.
Wal-Mart President and CEO C. Douglas McMillon told analysts on the company's fourth-quarter earnings call on Feb. 18, "We're improving our stores, adding critical capabilities and deepening our digital relationships with customers as we work to become the first to deliver a seamless shopping experience at scale."
Meanwhile, online retail pioneers such as eBay (EBAY) and Amazon are expanding into adjacent markets that often overlap traditional stores. Amazon has been expanding home grocery delivery via its AmazonFresh service, competing with No. 1 U.S. supermarket chain Kroger (KR) as well as Wal-Mart and Target (TGT), which have expanded grocery offerings in recent years.
In February of this year, Amazon reportedly quietly rolled out its own private label fashion apparel. It ramps up competition with highly rated apparel retailers like Michael Kors (KORS), Francesca's (FRAN) and Ross Stores (ROST), whose stock is on the IBD Leaderboard list of top-rated stocks. Women's Wear Daily has cited KeyBanc Capital data in saying that Amazon has introduced at least seven private label fashion brands with about 1,800 items.
Technology is driving the integration of online and brick-and-mortar retail, according to John Challenger, president of outplacement firm Challenger, Gray & Christmas.
"Malls today are much emptier," Challenger said in an IBD interview. "There is no question (traditional) retailers are trying hard to figure out how to draw people to stores. Just like movie theaters are trying to figure out how to bring people in rather than watch movies on TV," with offerings like dinner-and-a-meal theaters.
Among the trends at work are mobile shopping via smartphones and tablets, and the rise of "destination" malls that feature spa services, movie theaters, fine restaurants and kiosks that sell autos, he said.
More people are shopping with smartphone apps, both in stores and online. They shop and buy goods at home or on the road with their phone. They search for prices and coupons while in stores, including checking competitors' prices for items they want.
U.S. Bureau of Labor Statistics data show that total retail employment (online and in-store) in 2015 for the first time rose above the pre-recession high-water mark of 15.57 million set in 2007, climbing to 15.75 million.
But the National Retail Federation in its annual forecast released on Feb. 10 said that it expects retail sales employment gains of about 190,000 on a monthly average this year, down from 2015's high point.
A Feb. 12 Commerce Department retail sales report highlights the dilemma that traditional retailers face. Total retail sales grew 3.4% in 2015 to $449.9 billion. But the bulk of growth was in the "nonstore retailers" category -- mainly online shopping, which jumped 10.5% for the year to $36.2 billion.
The U.S. retail market is attracting global competition, too. "The transition to online shopping and globalization together are changing how our workforce operates and the skills needed. New technology sets the foundation for new jobs," Challenger said.
A recent retail immigrant is Dublin-based fashion retailer Primark, which opened its first U.S. store in Boston in September. It plans to expand in other cities in New York, Massachusetts, Pennsylvania, Connecticut and New Jersey.
But the mature and competitive U.S. retail market is a tough nut to crack. China-based Alibaba Group Holdings (BABA) launched 11Main.com, a retail site for U.S. markets, in June 2014. After making little headway, it sold the site to privately-held online marketplace operator OpenSky a year later (but also took a 37.5% stake in OpenSky). Alibaba has since said little about approaching U.S. markets, but in February it announced that it had taken a 5.6% stake (33 million shares) in online deals website Groupon (GRPN).
Some U.S. traditional retailers are expanding their stores. Decorative hardware, bathware, furniture and lighting retailer Restoration Hardware (RH), for example, has traditionally operated stores of 6,000 to 8,000 square feet. Now it's in the process of opening superstores with up to 50,000 square feet of space in major markets, which will boost its hiring.
U.S. Retail In 2020
PricewaterhouseCoopers recently released "Total Retail 2016," a study identifying economic drivers that could reshape the U.S. retail landscape. The market tracker surveyed consumers, who said that ease of checkout and informed store associates were the top things they want in brick-and-mortar retailers.
Steve Barr, PricewaterhouseCoopers' U.S. retail and consumer sector analyst, told IBD that thanks to recent developments, "The retail store is not dead. There is a unique opportunity for leading retailers to engage with consumers whenever and wherever they like to shop."
"As stores transform into enhanced experiences, there is a real need for employees to take care of customers. There will be a meaningful shift in jobs," Barr said.
Retail Metrics' Perkins said that the overall picture for retailers this year looks good. "Certainly there are some underlying developments that should boost solid spending this year. Jobs are good, and gas is selling as low as $1.75 a gallon. Who would have thought that several years ago?"
Still, Cowen & Co.'s Chen said that for online and brick-and-mortar retailers, "There are lots of battles to be fought. And they are happening now."
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 stores that had net fewer stores at the end of 2015 vs. the end of 2014, auto parts chain Advance Auto Parts ( AAP ) reported a net change of 160 fewer stores, according to Retail Metrics data compiled from company reports. In some ways, the effect that online stores are having on traditional retailers is similar to the offshoring drive that gained momentum several decades ago as U.S. manufacturers went to China for low wage costs. Wal-Mart President and CEO C. Douglas McMillon told analysts on the company's fourth-quarter earnings call on Feb. 18, "We're improving our stores, adding critical capabilities and deepening our digital relationships with customers as we work to become the first to deliver a seamless shopping experience at scale."
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Among stores that had net fewer stores at the end of 2015 vs. the end of 2014, auto parts chain Advance Auto Parts ( AAP ) reported a net change of 160 fewer stores, according to Retail Metrics data compiled from company reports. Leather goods retailer Coach (COH) lost 45 stores, and struggling women's apparel retailer Bebe Stores (BEBE) was down net 60 stores, among others. Steve Barr, PricewaterhouseCoopers' U.S. retail and consumer sector analyst, told IBD that thanks to recent developments, "The retail store is not dead.
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Among stores that had net fewer stores at the end of 2015 vs. the end of 2014, auto parts chain Advance Auto Parts ( AAP ) reported a net change of 160 fewer stores, according to Retail Metrics data compiled from company reports. Like other traditional brick-and-mortar retailers, Wal-Mart Stores ( WMT ) competes with the shop-from-anywhere convenience that Amazon.com ( AMZN ) and other online retailers offer, as well as perks like free two-day shipping on nearly all products plus free streaming of music and tens of thousands of movies and TV shows with Amazon Prime. Retail Metrics President Ken Perkins says that it's hard to come by accurate hard data on exactly how many jobs are lost as a result of retail store layoffs and store closings, but more jobs are being lost than gained.
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Among stores that had net fewer stores at the end of 2015 vs. the end of 2014, auto parts chain Advance Auto Parts ( AAP ) reported a net change of 160 fewer stores, according to Retail Metrics data compiled from company reports. The power has shifted to consumers," as online and old-line retailers battle for consumers' dollars, Chen said. New technology sets the foundation for new jobs," Challenger said.
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11697.0
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2016-03-03 00:00:00 UTC
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Walt Disney, Union Pacific: Undervalued With Predictable Business
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AAP
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https://www.nasdaq.com/articles/walt-disney-union-pacific-undervalued-predictable-business-2016-03-03
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nan
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nan
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According to GuruFocus' All-in-One Screener , the following stocks have a high business predictability rating, and at least five gurus are shareholders in the companies.
Walt Disney Co. ( DIS )
GuruFocus gives the company a business predictability of 4 out of 5 stars. The company is a diversified entertainment company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive Media.
The stock is trading with a P/E ratio of 17.80, and the price has been as high as $122.08 and as low as $86.25 in the last 52 weeks. It is currently 21.76% below its 52-week high and 10.75% above its 52-week low.
Ken Fisher ( Trades , Portfolio ) is the largest shareholder among the gurus with 0.53% of outstanding shares, followed by PRIMECAP Management ( Trades , Portfolio ) with 0.41%, Pioneer Investments ( Trades , Portfolio ) with 0.22%, Diamond Hill Capital ( Trades , Portfolio ) with 0.12%, Tom Gayner ( Trades , Portfolio ) with 0.1% and T Rowe Price Equity Income Fund ( Trades , Portfolio ) with 0.08%.
Express Scripts Holding Co. ( ESRX )
GuruFocus gives the company a business predictability of 4 out of 5 stars. It operates as a pharmacy benefit management in North America. It includes HMOs, health insurers, third-party administrators, employers, union-sponsored benefit plans, workers' compensation plans and government health programs.
The stock is trading with a P/E ratio of 21.70, and the price has been as high as $94.61 and as low as $65.55 in the last 52 weeks. It is currently 25.61% below its 52-week high and 7.37% above its 52-week low. According to the DCF calculator, the company looks undervalued with a margin of safety of 7%.
The company's largest shareholder among the gurus is Dodge & Cox with 3.82% of outstanding shares, followed by Chris Davis ( Trades , Portfolio ) with 0.82%, David Rolfe ( Trades , Portfolio ) with 0.77%, Manning & Napier Advisors with 0.68%, Steve Mandel ( Trades , Portfolio ) with 0.48%, Jeremy Grantham ( Trades , Portfolio ) with 0.48% and Charles Brandes ( Trades , Portfolio ) with 0.31%.
Cognizant Technology Solutions Corp. ( CTSH )
GuruFocus gives the company a business predictability of 4 out of 5 stars. The company began its IT development and maintenance services business in early 1994, as an in-house technology development center for The Dun & Bradstreet Corporation and its operating units.
The stock is trading with a P/E ratio of 21.60, and the price has been as high as $69.80 and as low as $51.22 in the last 52 weeks. It is currently 18.37% below its 52-week high and 11.25% above its 52-week low. According to the DCF calculator, the company looks undervalued with a margin of safety of 24%.
David Rolfe ( Trades , Portfolio ) is the largest shareholder of the company among the gurus with 0.99% of outstanding shares, followed by Pioneer Investments ( Trades , Portfolio ) with
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to 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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According to GuruFocus' All-in-One Screener , the following stocks have a high business predictability rating, and at least five gurus are shareholders in the companies. Express Scripts Holding Co. ( ESRX ) GuruFocus gives the company a business predictability of 4 out of 5 stars. Cognizant Technology Solutions Corp. ( CTSH ) GuruFocus gives the company a business predictability of 4 out of 5 stars.
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Ken Fisher ( Trades , Portfolio ) is the largest shareholder among the gurus with 0.53% of outstanding shares, followed by PRIMECAP Management ( Trades , Portfolio ) with 0.41%, Pioneer Investments ( Trades , Portfolio ) with 0.22%, Diamond Hill Capital ( Trades , Portfolio ) with 0.12%, Tom Gayner ( Trades , Portfolio ) with 0.1% and T Rowe Price Equity Income Fund ( Trades , Portfolio ) with 0.08%. The company's largest shareholder among the gurus is Dodge & Cox with 3.82% of outstanding shares, followed by Chris Davis ( Trades , Portfolio ) with 0.82%, David Rolfe ( Trades , Portfolio ) with 0.77%, Manning & Napier Advisors with 0.68%, Steve Mandel ( Trades , Portfolio ) with 0.48%, Jeremy Grantham ( Trades , Portfolio ) with 0.48% and Charles Brandes ( Trades , Portfolio ) with 0.31%. David Rolfe ( Trades , Portfolio ) is the largest shareholder of the company among the gurus with 0.99% of outstanding shares, followed by Pioneer Investments ( Trades , Portfolio ) with About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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Ken Fisher ( Trades , Portfolio ) is the largest shareholder among the gurus with 0.53% of outstanding shares, followed by PRIMECAP Management ( Trades , Portfolio ) with 0.41%, Pioneer Investments ( Trades , Portfolio ) with 0.22%, Diamond Hill Capital ( Trades , Portfolio ) with 0.12%, Tom Gayner ( Trades , Portfolio ) with 0.1% and T Rowe Price Equity Income Fund ( Trades , Portfolio ) with 0.08%. The company's largest shareholder among the gurus is Dodge & Cox with 3.82% of outstanding shares, followed by Chris Davis ( Trades , Portfolio ) with 0.82%, David Rolfe ( Trades , Portfolio ) with 0.77%, Manning & Napier Advisors with 0.68%, Steve Mandel ( Trades , Portfolio ) with 0.48%, Jeremy Grantham ( Trades , Portfolio ) with 0.48% and Charles Brandes ( Trades , Portfolio ) with 0.31%. David Rolfe ( Trades , Portfolio ) is the largest shareholder of the company among the gurus with 0.99% of outstanding shares, followed by Pioneer Investments ( Trades , Portfolio ) with About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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According to GuruFocus' All-in-One Screener , the following stocks have a high business predictability rating, and at least five gurus are shareholders in the companies. The stock is trading with a P/E ratio of 17.80, and the price has been as high as $122.08 and as low as $86.25 in the last 52 weeks. David Rolfe ( Trades , Portfolio ) is the largest shareholder of the company among the gurus with 0.99% of outstanding shares, followed by Pioneer Investments ( Trades , Portfolio ) with About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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11698.0
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2016-02-29 00:00:00 UTC
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Advance Auto Parts Inc: Can It Get Back to Growth?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-can-it-get-back-growth-2016-02-29
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nan
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nan
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Advance Auto Parts is arguably an attractive deep-value stock, but you rarely get deep value without flaws attached. In this case, the company's integration of General Parts International (owners of Carquest and worldpac), and catching up with the kinds of margins boasted by rivals like O'Reilly Automotive and AutoZone, Inc , have disappointed so far.
In fact, while its peers are busy generating healthy same-store-sales growth, Advance Auto Parts has turned negative. What exactly is going wrong, and can it be fixed?
DATA SOURCE: ADVANCE AUTO PARTS, INC PRESENTATIONS.
Based on management's guidance and the potential to deliver margins closer to those of O'Reilly and AutoZone, the stock is a good value . Readers unfamiliar with the investment case can read more in the linked article, but now it's time to focus on what's going wrong:
Same-store sales are now negative
The company started 2015 forecasting low-single-digit comparable same-store sales growth, and comparable cash EPS in the range of $8.35 to $8.55, only to disappoint with flat same-store-sales growth and comparable cash EPS of $7.82.
In the fourth-quarterearnings call interim CEO George Sherman said he wasn't satisfied with the fourth quarter, and progress in the first quarter is "not up to what our expectations are right now."
The shortfall in performance raises questions about the company achieving its 2016 guidance for adjusted operating income margin of 12%, coupled with low same-store sales growth and "modest top-line growth." However, if the company merely comes close these targets, then the stock could appreciate substantially.
Integrating Carquest
There are three key factors to consider:
The integration process includes a mix of conversions (mainly Carquest stores converted into Advance Auto Parts stores), and consolidations (Carquest stores are merged with Advance Auto Parts stores), and taking these actions is causing customer disruptions.
Carquest is do-it-for-me heavy (DIFM), and DIFM requires more exacting standards -- more capital intensive as commercial customers require parts quicker -- and Advance Auto is focusing on growing DIFM overall.
Merging two separate companies creates logistics challenges, including ensuring that the right inventory is in place at the right location, while employees and customers also need to adjust to new systems.
Starting with the integration process, the following chart shows how same-store-sales growth has slipped as Carquest consolidations -- and, in particular, conversions -- have negatively affected growth.
DATA SOURCE: ADVANCE AUTO PARTS INC. PRESENTATIONS.
The key takeaway is that, as the conversions and consolidations take place, you can expect more deterioration. On the recentearnings call Sherman outlined how the process immediately effects sales for about half a quarter before recovering: "It's about five to six weeks that there's a negative impact and then the store begins to emerge with better results and that generally shows up in the form of double-digit comps, showing up in clearly consolidations and anywhere from single -- mid-single to a high-single to double-digit comps in our convergence stores."
Advance Auto Parts started off with around 1,230 Carquest stores, but due to consolidations and conversions, its tally as of January 2016 is around 870. Moreover, management expects to do another 350 -- roughly split between conversions and consolidations -- in 2016.
Investing takeaway: Although performance has been disappointing, Advance Auto's same-store sales growth is -- and will be in 2016 -- negatively affected by short-term waves of conversions; but once completed, growth will return.
DIFM and integration difficulties
These two issues are somewhat more complicated. O'Reilly Automotive's model of distribution centers providing daily replenishment to its stores -- O'Reilly is a better comparator because it has a heavy DIFM mix, while AutoZone is primarily DIY -- would be ideal for servicing needs of commercial customers. Advance Auto management is clear that DIFM is the priority.
However, Advance Auto is choosing a more bespoke solution that involves investing to improve inventory coverage -- something that could initially hit efforts to get to O'Reilly, like operating metrics -- while developing a field-centric approach to distribution. In plain English, this means local managers will be empowered to decide how individual store inventories are made up. Sherman noted that daily delivery would be provided where needed, but it's "not an answer by itself."
Investing takeaway
Advance Auto's efforts to improve operational performance will take time and effort to ensure efficient inventory delivery may hold back near-term improvement.
AAP EV to EBITDA (Forward) data by YCharts .
The bottom line
All told, investors shouldn't judge the company's same-store sales performance too harshly. It's disappointing, but it's also part of the process. Think of it this way: Management could make numbers look better in the near term by slowing the pace of conversions/consolidations, but that would come at the detriment of its long-term objectives.
The increasing share of revenue from DIFM, and the difficulties in integrating Carquest, indicate that Advance Auto won't turn into O'Reilly Automotive overnight. However, it may not need too in order to make investors money. The valuation discount and opportunity is attractive enough for long-term investors; just don't be surprised if there's more volatility along the way.
The next billion-dollar iSecret
The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
The article Advance Auto Parts Inc: Can It Get Back to Growth? originally appeared on Fool.com.
Lee Samaha has no position in any stocks mentioned. The Motley Fool owns shares of O'Reilly Automotive. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2016 The Motley Fool, LLC. All rights reserved. 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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AAP EV to EBITDA (Forward) data by YCharts . In this case, the company's integration of General Parts International (owners of Carquest and worldpac), and catching up with the kinds of margins boasted by rivals like O'Reilly Automotive and AutoZone, Inc , have disappointed so far. However, Advance Auto is choosing a more bespoke solution that involves investing to improve inventory coverage -- something that could initially hit efforts to get to O'Reilly, like operating metrics -- while developing a field-centric approach to distribution.
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AAP EV to EBITDA (Forward) data by YCharts . Readers unfamiliar with the investment case can read more in the linked article, but now it's time to focus on what's going wrong: Same-store sales are now negative The company started 2015 forecasting low-single-digit comparable same-store sales growth, and comparable cash EPS in the range of $8.35 to $8.55, only to disappoint with flat same-store-sales growth and comparable cash EPS of $7.82. Integrating Carquest There are three key factors to consider: The integration process includes a mix of conversions (mainly Carquest stores converted into Advance Auto Parts stores), and consolidations (Carquest stores are merged with Advance Auto Parts stores), and taking these actions is causing customer disruptions.
|
AAP EV to EBITDA (Forward) data by YCharts . Readers unfamiliar with the investment case can read more in the linked article, but now it's time to focus on what's going wrong: Same-store sales are now negative The company started 2015 forecasting low-single-digit comparable same-store sales growth, and comparable cash EPS in the range of $8.35 to $8.55, only to disappoint with flat same-store-sales growth and comparable cash EPS of $7.82. Integrating Carquest There are three key factors to consider: The integration process includes a mix of conversions (mainly Carquest stores converted into Advance Auto Parts stores), and consolidations (Carquest stores are merged with Advance Auto Parts stores), and taking these actions is causing customer disruptions.
|
AAP EV to EBITDA (Forward) data by YCharts . Integrating Carquest There are three key factors to consider: The integration process includes a mix of conversions (mainly Carquest stores converted into Advance Auto Parts stores), and consolidations (Carquest stores are merged with Advance Auto Parts stores), and taking these actions is causing customer disruptions. Starting with the integration process, the following chart shows how same-store-sales growth has slipped as Carquest consolidations -- and, in particular, conversions -- have negatively affected growth.
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11699.0
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2016-02-19 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Advance Auto Parts, Penske Automotive Group, Tata Motors, Toyota Motor and Ford Motor
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AAP
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-advance-auto-parts-penske-automotive-group-tata-motors
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nan
|
nan
|
For Immediate Release
Chicago, IL - February Array9, 20Array6 - 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 Advance Auto Parts Inc. ( AAP ), Penske Automotive Group, Inc. ( PAG ), Tata Motors Ltd ( TTM ), Toyota Motor Corp. ( TM ) and Ford Motor Co. ( F ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #ArrayStock of the Day pick for free .
Here are highlights from Thursday's Analyst Blog:
Auto Stock Roundup
The fourth-quarter earnings season is nearly at an end. A few earnings releases made the headlines in the auto sector over the last week. Advance Auto Parts Inc. ( AAP ) reported a decline in both earnings and revenues, although earnings were above estimates. Penske Automotive Group, Inc.'s ( PAG ) top and bottom lines improved year over year. Tata Motors Ltd's ( TTM ) revenues improved but earnings showed a decline.
Among the other developments, Toyota Motor Corp. ( TM ) announced a global recall to fix a seat belt issue, while Ford Motor Co. ( F ) reported strong Europe sales for January.
(Read the previous roundup here: Auto Stock Roundup for Feb ArrayArray, 20Array6 )
Recap of the Week's Most Important Stories
Array. Advance Auto Parts reported a Array0.9% decline in the fourth-quarter fiscal 20Array5 (ended Jan 2, 20Array6) comparable earnings of $Array.22 per share from $Array.37 in the prior-year quarter. However, the figure surpassed the Zacks Consensus Estimate of $Array.2Array.
Revenues were down 2.6% year over year to $2.03 billion and fell short of the Zacks Consensus Estimate of $2.07 billion. The decline resulted from a fall in comparable store sales and the adverse impact of some previously announced store closures, partially offset by new store openings (read more: Advance Auto Parts Beats Q4 Earnings, Misses on Revenues ).
2. Penske Automotive's fourth-quarter earnings per share improved 3.8% to 8Array cents from 78 cents earned a year ago. Moreover, earnings were in line with the Zacks Consensus Estimate.
Revenues grew ArrayArray.2% year over year to $4.9 billion, surpassing the Zacks Consensus Estimate of $4.7 billion (read more: Penske Automotive Q4 Earnings Meet Estimates, Sales Beat ).
3. Tata Motors reported an income of INRArray0.3Array per ordinary share (78 cents per American Depositary Share or ADS) for the third quarter of fiscal 20Array6 (ended Dec 3Array, 20Array5). In the year-ago quarter, the company had earned INRArray0.99 per share (94 cents per ADS).
Consolidated revenues increased 3.4% year over year to INR722.56 billion ($ArrayArray.06 billion). This improvement in top line was driven by strong sales in the Jaguar Land Rover business in the UK, Europe, North America and other Overseas markets along with strong volumes in the medium and heavy commercial vehicles segment in the standalone business.
4. Toyota announced the recall of 2.87 million vehicles globally fearing damages to their seatbelts from a metal seat frame part in the case of an accident. Of these, Array.3 million vehicles are in North America, 625,000 vehicles are in Europe, 434,000 are in China, Array77,000 are in Japan and 307,000 are in other regions. The recalled vehicles include RAV4 SUV manufactured between Jul 2005 and Aug 20Array4 and Vanguard SUV produced from Oct 2005 to Jan 20Array6.
5. Ford recorded a 9.7% year-over-year rise in sales to 96,900 vehicles in the Euro 20 markets in Jan 20Array6. With this, the automaker's monthly sales surpassed the industry sales growth of 6.7%. In all the 50 European markets, Ford's sales increased 8.7% to Array05,200 units in the month. With this, the automaker's monthly sales surpassed the industry sales growth of 2.8% (read more: Ford's Shares Up as January Europe Sales Outpace Industry ).
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 >>
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 coverage is provided for a universe of Array,Array50 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.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today . Find out What is happening in the stock market today on zacks.com.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
PENSKE AUTO GRP (PAG): Free Stock Analysis Report
TATA MOTORS-ADR (TTM): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
FORD MOTOR CO (F): 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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Stocks recently featured in the blog include Advance Auto Parts Inc. ( AAP ), Penske Automotive Group, Inc. ( PAG ), Tata Motors Ltd ( TTM ), Toyota Motor Corp. ( TM ) and Ford Motor Co. ( F ). Advance Auto Parts Inc. ( AAP ) reported a decline in both earnings and revenues, although earnings were above estimates. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include Advance Auto Parts Inc. ( AAP ), Penske Automotive Group, Inc. ( PAG ), Tata Motors Ltd ( TTM ), Toyota Motor Corp. ( TM ) and Ford Motor Co. ( F ). Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) reported a decline in both earnings and revenues, although earnings were above estimates.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include Advance Auto Parts Inc. ( AAP ), Penske Automotive Group, Inc. ( PAG ), Tata Motors Ltd ( TTM ), Toyota Motor Corp. ( TM ) and Ford Motor Co. ( F ). Advance Auto Parts Inc. ( AAP ) reported a decline in both earnings and revenues, although earnings were above estimates.
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Advance Auto Parts Inc. ( AAP ) reported a decline in both earnings and revenues, although earnings were above estimates. Stocks recently featured in the blog include Advance Auto Parts Inc. ( AAP ), Penske Automotive Group, Inc. ( PAG ), Tata Motors Ltd ( TTM ), Toyota Motor Corp. ( TM ) and Ford Motor Co. ( F ). Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report To read this article on Zacks.com click here.
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