1,034.82 0.00 (0.00%)
After hours: 5:02PM EDT
|Bid||975.00 x 1000|
|Ask||1,034.49 x 800|
|Day's Range||1,020.25 - 1,037.22|
|52 Week Range||615.13 - 1,074.67|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||18.44|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Ford (F) to restructure operations globally to enhance profitability, speed up product development and announce job cuts. Fiat Chrysler (FCAU) to recall 208,000 vehicles.
Despite a slower start to the quarter, AutoZone, Inc. (NYSE: AZO ) reported strong third-quarter results Tuesday. Parts availability has been a key driver of performance, and this was supported by the ...
AutoZone beat earnings estimates while Monro fell short but expanded its partnership with Amazon.com to provide tire installation services.
U.S. stocks bounced back on Tuesday, with an increasing number of traders talking about choppy market conditions. Without a change in trade-war rhetoric -- either good or bad -- it's hard for the market to gain much momentum in either direction. Let's look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow 1: TJX Companies Click to EnlargeTJX Companies (NASDAQ:TJX) beat on earnings expectations and raised its outlook. Shares are about flat on the day despite its report, although it's now well off the lows. It doesn't help that the retail sector is mixed following Tuesday's earnings releases.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Data Center REITs to Buy That Deliver Sizable Income For TJX, it's a best-in-breed name that's clinging to its 50-day and 20-day moving average. It's also holding that gap-up level near $52. So long as that remains the case, bulls can stay long TJX.Below and it gets more iffy. If that's the case, see how it handles Tuesday's low and the 200-day moving average. If it fails as support, sub-$50 could be the way. Should TJX can maintain current levels, see if it can rally to resistance near $55 to $56.Momentum and the RSI (blue circles) are starting to move in bulls' favor. Top Stock Trades for Tomorrow 2: Tesla Click to EnlargeWe took a longer-term look at this one last week, but the continued selling pressure in Tesla (NASDAQ:TSLA) is forcing us to take another look. This time, it's after Morgan Stanley analysts give their new opinion on the stock, which includes a "bear case" price target of $10. (Psst…was Apple (NASDAQ:AAPL) thinking about buying Tesla a few years ago? Reportedly, yes!)The stock broke below its downward channel last week, as Tesla dove below $200. However, it's putting together a nice two-day range. I like two-day ranges because it gives both buyers and sellers a level to measure against.Over the two-day high -- currently $207.40 -- and investors can look for TSLA to move higher. Upside targets include the gap fill just over $210, Friday's high at $222.25 and the next gap fill up near $227.50. The middle of those three targets would be a test of prior channel support.Below the two-day low of $195.25 and we can get a break lower if TSLA stock does not reclaim this mark in the session. Top Stock Trades for Tomorrow 3: AutoZone Click to EnlargeAutoZone (NYSE:AZO) beat on earnings and revenue expectations, as shares jumped almost 6% in the session.The $980 level held as support while AZO is now smashing through the 20-day and 50-day moving averages. The RSI and MACD (blue circles) shows there is plenty of room for bulls to run if they can maintain momentum.If AZO can push through $1,040, $1,075 could be the next target. I want to see shares hold $1,000 now. Top Stock Trades for Tomorrow 4: J.C. Penney Click to EnlargeJ.C. Penney (NYSE:JCP) is down about 8% after reporting earnings and flirting with a decline below $1.Shares are also on the cusp of falling below downtrend support. If it does, look for a retest of the December lows. If channel support holds, a rebound up to $1.20 is possible. I am not a big supporter of trading JCP stock, as it's often too volatile and there are almost always better candidates in the market. Top Stock Trades for Tomorrow 5: Nordstrom Click to EnlargeNordstrom (NYSE:JWN) will report earnings on Tuesday after the close, while investors continue to digest retail earnings.$36 has been a decent level of support and JWN has come down big ahead of the print. Its legacy business may struggle, but perhaps Rack can save the overall results. Still, retail isn't getting much love and it's hard to be super bullish into the print. * 7 Stocks to Buy for Over 20% Upside Potential Below $36 could call upon the $32 to $34 range, while a rally could send JWN up to the $40 to $41 level. That's prior channel support and the 20-day moving average. See if this area is reclaimed or if it acts as resistance.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL. Compare Brokers The post 5 Top Stock Trades for Wednesday: JCP, TSLA, TJX appeared first on InvestorPlace.
Football fans know that Nashville is home to the Titans of the National Football League, but according to a recent Forbes report, several titans of the business world also call Music City home. Forbes has released its 2019 Forbes Global 2000 — a list of the 2,000 largest public companies in the world — and four Middle Tennessee-based companies made the cut, led by HCA Healthcare Inc.
AutoZone on Tuesday reported net income for the quarter ended May 4 of $405.9 million, or $15.99 a share, vs. $366.7 million, or $13.42 a share, in the comparable year-earlier quarter. As of May 4, the company had 5,686 stores in 50 states in the U.S., the District of Columbia and Puerto Rico, 576 stores in Mexico, and 25 stores in Brazil for a total count of 6,287.
O'Reilly Automotive Inc (NASDAQ:ORLY) is the biggest of the brick and mortar DIY automotive supply stores in the nation. So, it was a bit of shock in late April when it announced that Q1 was weaker than expected. Revenue and earnings were below expectations and even low for the company's projections, which are usually conservative (hitting the middle of range or higher is the usual expectation).Source: JJBers via Flickr (modified)And ORLY stock had been on a run for a while, up nearly 40% for the past 12 months at that point. Now, the stock is off about 10%. Still up 30% in the past year, but it has certainly been dinged.The company has noted that some of the problem was that in its core region -- the Midwest, South and Southwest -- rain on the weekends dampened its customers' ardor for shop work. Cold and snow usually boosts business, but rain has the opposite effect. Also, an extra Monday and one less Sunday in the quarter didn't help matters for ORLY stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGenerally, weather-related excuses, or one weekend day here and there shouldn't throw your whole quarter off. But they are valid reasons up to a point. And the numbers weren't horrible, they were just somewhat disappointing. * 10 Baby Boomer Stocks to Buy Then you add to the weak Q1, projections for a weaker Q2, and you wonder whether there's something more afoot.But if you take a look at the macro picture, car and truck sales are slowing; consumer debt is higher than it was in 2008; and wages are rising slightly. Maybe some people can afford to take their cars to the shop to have them worked on now, but the trend for DIY work is still in place.And as cars get older, they need more parts. Like death and taxes, this is an unavoidable reality to owning durable goods, so O'Reilly Automotive stock is still in good long-term shape.While there is still competition from other brick and mortar retailers like Advanced Auto Parts (NYSE:AAP) and AutoZone (NYSE:AZO), there are also online competitors.For now, the other brick and mortar operations are growing well and they don't really overlap much at this point, which is amazing since ORLY has 5,300 stores in 47 states around the U.S.The online parts stores aren't too much competition since it's easier to grab wiper blades and oil in a store than having it shipped. And the more complex parts can be easier to order correctly at a store or online with the convenience of in-store exchanges or returns for the wrong part.ORLY stock gets an overall A rating from my Portfolio Grader, which indicates that while its current fundamentals may not be great, there's plenty of interest in the stock for the long term now that it's sold off a bit.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post The Pullback in OaReilly Automotive Stock Is an Opportunity appeared first on InvestorPlace.
There are plenty of new quarterly earnings results from a number of retailers this morning, including Home Deport, Kohl's, J.C. Penney and others.
On a per-share basis, the Memphis, Tennessee-based company said it had profit of $15.99. The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research ...
AutoZone Inc. shares rose 1.1% in premarket trade Tuesday, after the car parts retailer topped earnings estimates for its fiscal third quarter. Memphis, Tenn.-based AutoZone said it had net income of $405.9 million, or $15.99 a share, in the quarter to May 4, up from $366.7 million, or $13.42 a share, in the year-earlier period. Sales rose to $2.8 billion from $2.7 billion, while same-store sales rose 3.9%. The FactSet consensus was for EPS of $15.10, sales of $2.8 billion and same-store sales growth of 3%. "Our industry fundamentals remain strong and the industry data available to us shows we are improving our market share position," Chief Executive Bill Rhodes said in a statement. "And, we continue to be excited about the initiatives we have underway to further enhance our inventory availability, to continue to accelerate our Commercial business and to meet our customers how, when and where they want to be met with our omni-channel efforts." Shares have gained 47% in the last 12 months, while the S&P 500 has gained 3.9%.
A swathe of retail earnings reports Tuesday will provide further indications of the strength of the consumer and the companies that cater to them.
Employee name: Mitch Major Employee Title: Senior vice president of supply chain, customer satisfaction, for AutoZone Inc. Number of years with company: 13 Favorite part about job? I really love the company’s culture.
A couple of key events this week that will be grabbing the attention of market watchers include the FOMC meeting minutes and retail earnings.