|Bid||140.94 x 3000|
|Ask||155.30 x 800|
|Day's Range||154.22 - 156.51|
|52 Week Range||130.09 - 182.56|
|Beta (5Y Monthly)||0.83|
|PE Ratio (TTM)||25.14|
|Earnings Date||Feb 17, 2020 - Feb 21, 2020|
|Forward Dividend & Yield||0.24 (0.15%)|
|1y Target Est||170.93|
Tom Greco’s mind is always working. Whether it’s an analysis of the CNBC story in the background as he sips his morning coffee or filtering comments from employees, he’s strategizing – a necessary obsession when you’re trying to turn around a company that, for years, was in a slump.
Before a crowd of executives, Advance Auto Parts CEO Tom Greco was named the 2019 Business Person of the Year. Immediately following the applause, Greco let them in on why, through a keynote that talked up diversity as well as the strategy of the auto parts retailer – Raleigh’s only locally-headquartered Fortune 500 company. When Greco joined Advance Auto Parts after decades at Frito-Lay, “the company wasn’t performing particularly well,” he acknowledges.
Advance Auto Parts (AAP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
(AZO) blew past expectations for sales in its latest quarter, news that lifted the stock by 8% on Tuesday morning. If AutoZone (ticker: AZO) closes around the $1,268 level it reached in morning trading, it would mark a record for the stock. Shares in the auto-parts retailer are up 49% year to date, far surpassing gains in competitors’ stocks.
For many investors, the main point of stock picking is to generate higher returns than the overall market. But its...
U.S. stocks seem to have returned to normal. A two-and-a-half session sell-off has been followed by a rally of equal length. While broad market indices remain modestly off their highs, it does seem like stability, at least, has returned heading into 2020.Source: Shutterstock In that context, the question at the moment is whether there's enough time, and enough optimism, for one more leg higher before year-end. And that question is of particular importance when looking at Friday's big stock charts. * 7 Hot Stocks for 2020's Big Trends All three stocks have missed out on at least part of this year's rally. And all three big stock charts show at least the potential for a breakout in the near-term. It will take some outside help, however -- with stronger broad market sentiment the simplest source at the moment.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advance Auto Parts (AAP)Source: Provided by Finviz So far, 2019 has not been kind to Advance Auto Parts (NYSE:AAP). AAP stock actually has declined a bit over 3% this year, making it one of just 81 stocks in the S&P 500 in the red for 2019. The first of Friday's big stock charts suggests the news could get worse -- but there's hope for a reversal: * The exit from an ascending triangle pattern last week generally is a bearish move, and indeed AAP stock saw a small gap down on Tuesday. It seems likely that $154, which formerly acted as support, is reversing to resistance. That, too, suggests a negative outlook. * That said, AAP has found its footing in the past two sessions, with modest declines on heavy buying. There are buyers willing to step in at the moment. And if AAP can find a way to grind higher, there is some reason for bullishness. $154 could again act as support. Moving averages will come in. * Click to Enlarge Source: Provided by Finviz From a broad perspective, this simply is a stock still looking for direction. That's true looking at 2019 trading and going back to early 2016. With some bullishness toward the sector and/or broad markets, the stock's direction could reverse. * The concerns might be both valuation and the lack of a catalyst. AutoZone (NYSE:AZO) reports earnings next week, and good news could read across to both AAP stock and rival O'Reilly Automotive (NASDAQ:ORLY). But AZO stock has a similar valuation to AAP, and Advance Auto Parts earnings last month disappointed. Good news from AutoZone might lead investors to buy AZO moreso than AAP. So while there's potential for an upside reversion in Advance Auto Parts stock, this may be a 2020 story without a significant year-end market-wide rally. iQiyi (IQ)Source: Provided by Finviz The setup is there for Chinese streaming video play iQiyi (NASDAQ:IQ). If IQ stock can rally, the second of our big stock charts shows a path toward a breakout: * There's clear resistance from a near-term standpoint. IQ stock twice has stalled out at $20 in recent months. The broader trend is still modestly negative. And the 200-day moving average sits right at current levels. But if IQ stock can move above $20, the trend will look positive. The stock would make a bullish exit from a narrowing wedge. It would have cleared all three moving averages, and broken out the downtrend that has held since May. * All that said, a reversal is possible as well, given the multiple trendlines creating resistance. A reversal likely would move the stock back toward support around $17. * As I wrote this week, the swing factor might be the broader market. As I noted in October, IQ stock has somewhat missed out in the rally in Chinese stocks due to a reticence by U.S. investors to pay up for unprofitable companies. Shares still have lagged the likes of JD.com (NASDAQ:JD) and Alibaba (NYSE:BABA), both of which have reached 52-week highs in recent weeks. Investors are willing to take on China risk. If they're back to taking on growth stock risk as well, a breakout looms for iQiyi stock. Crown Castle International (CCI)Source: Provided by Finviz Celullar tower real estate investment trust Crown Castle International (NYSE:CCI) has struggled since reaching an all-time high in September. But CCI stock has righted itself over the last month, and the last of Friday's big stock charts shows hope for a rebound: * CCI stock is in the middle of a downtrend at the moment -- but it's also in the middle of a narrowing wedge. A move through the 50-day moving average would challenge a key pivot point at $138, and set shares up for a bullish exit. The trend certainly isn't confirmed yet, but a continued near-term rally could set up a breakout that would re-test September highs. * Meanwhile, valuation is reasonable. The stock trades at 22.7x the midpoint of 2019 guidance for adjusted funds for operations per share. Looking to 2020, the multiple drops closer to 21x. A 3.56% dividend yield adds to the case, particularly in a low interest rate environment and with the payout hiked 7% in October. * Click to Enlarge Source: Provided by Finviz It may be the sector, and 5G stocks more broadly, that define the near-term direction of CCI stock. Perhaps surprisingly, 5G plays have struggled of late. Qualcomm (NASDAQ:QCOM) has reversed since earnings. Nokia (NYSE:NOK) plunged after its Q3 report. And rival American Tower (NYSE:AMT) has a similar chart (and perhaps stronger hopes for a breakout from a descending triangle), though a higher valuation and lower yield. If bullishness toward 5G returns, the chart sets CCI up to be a prime beneficiary.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post 3 Big Stock Charts for Friday: Advance Auto Parts, iQiyi, and Crown Castle International appeared first on InvestorPlace.
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
You would think e-commerce and cloud computing giant Amazon.com (AMZN), after more than 20 years of unfettered growth, would have run out of room to expand. But the company continues to scout new opportunities. Amazon will try its hand at almost any sort of business, does well at the bulk of them - and threatens to destroy dozens of other companies with its success.The latest foray into unfamiliar territory? In September, Amazon announced a pilot program for a virtual medical clinic, which includes some in-home services, to be offered to its Seattle-area employees. The virtual clinic aspect would include video visits with doctors, nurse practitioners or registered nurses.That's not Amazon's first venture outside its comfort zone, either. Amazon also is a grocer, a fashion venue, a peddler of handmade crafts and even its own delivery provider, just to name a few. Amazon has become at best a headache, and at worst a survival threat, for any rival in its path.Here is a look at 43 companies that Amazon could kill. A year ago, we named 49 such businesses (as well as one it already knocked out). A handful of names dropped off the list - some successfully regrouped, while a few were officially knocked out. Others have been added as they've slipped into Amazon's warpath. Considering Amazon's ubiquitous presence, no company is ever truly safe. SEE ALSO: Where Millionaires Live in America 2019
Scott+Scott Attorneys at Law LLP , a national securities and consumer rights litigation firm, continues investigating whether certain directors and officers of Advance Auto Parts, Inc.
Advance Auto Parts, Inc. (AAP), a leading automotive aftermarket parts provider, and Team Penske today announced a new multi-year partnership beginning with the 2020 NASCAR season. Advance will be featured as the primary sponsor on the No. 12 Ford Mustang driven by Ryan Blaney for four races in the NASCAR Cup Series. Blaney will compete in the No. 12 Advance Auto Parts Ford for Team Penske in 2020 at Atlanta Motor Speedway on March 15, Richmond Raceway on April 19, Watkins Glen International on August 16 and the night race at Bristol Motor Speedway on September 19.
For Raleigh’s only Fortune 500 company, Advance Auto Parts, Thursday was a big moment. At 10:30 a.m., Jay McDonell, chief marketing officer, teased employees with a video. Hundreds gathered into the Gardens at Millbrook conference center, the crowd going still as McDonell played a highlight reel.
San Diego, California--(Newsfile Corp. - November 19, 2019) - The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NYSE: AAP shares. Investors, who purchased shares of Advance Auto Parts, Inc. (NYSE: AAP) in November 2016 or earlier and continue to hold any of their NYSE: AAP shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.On February 6, 2018, a ...
The Zacks Analyst Blog Highlights: Toyota Motor, Honda Motor, Nissan Motor, Tesla and Advance Auto Parts
Advance Auto Parts, Inc. (NYSE:AAP) shares fell 7.4% to US$157 in the week since its latest third-quarter results...
While Japan's 1 carmaker Toyota (TM) misses fiscal second-quarter 2020 earnings estimates, its top peer Honda (HMC) surpasses the same.
Despite a stock drop, Advance Auto Parts CEO Tom Greco said he remains optimistic about the future of Raleigh’s only locally-headquartered Fortune 500 company.
U.S. stocks mostly ended higher on Tuesday as President Donald Trump suggests a trade deal could happen soon but did not offer much clarity on the possibility of a tariff rollback as part of the agreement.
Advance Auto Parts shares are falling, despite the company beating quarterly earnings estimates. Yahoo Finance’s Akiko Fujita and Brian Cheung discuss on The Ticker.