|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||718.67 - 732.48|
|52 Week Range||562.90 - 748.68|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||22.73|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Despite its positive performance over the past month, the S&P 500 is still down 13% in 2022. After peaking around the start of the year, the broad stock index has trended lower thanks to macroeconomic concerns, mainly around the ongoing soaring inflation. A surge in consumer demand following the depths of the pandemic, coupled with struggling supply chains, has led to rising prices across the economy.
Standard Motor Products may be small but it has consistently expanded earnings since 2018 and is expanding into new categories like electric, off-road, and heavy-duty vehicles.
O'Reilly has performed well in previous economic downturns and could do so again if a recession is currently in store for the U.S.