Hints and tips:
...Monthly industrial production figures South Africa: Q3 GDP figures UK: BRC-KPMG November Retail Sales Monitor, plus Kantar grocery market share figures and price inflation Results: Ashtead Group Q2, AutoZone...
...But if the turnaround story takes hold, the stock could look suddenly cheap relative to its growth prospects. If we were looking for a safer “Garp” pick in retail, we could have picked, say, AutoZone....
...Results: Phoenix Group H1, S4Capital H1 Tuesday OECD Interim Economic Outlook Report EU: August consumer price index (CPI) and harmonised index of consumer prices (HICP) inflation rate data Results: AutoZone...
...A recent pullback in its share price now puts AutoZone on 18 times forward earnings, in line with its three year average. Investors should kick the tyres on this stock....
...index (PMI) data UK, public sector net borrowing data UK, Kantar’s monthly supermarket sales, market share and inflation data US, April new residential sales figures Results: Agilent Technologies Q2, AutoZone...
...Many of them — Costco, AutoZone, Dick’s Sporting Goods — grew sales very quickly in the pandemic years and must now be wondering what’s coming next....
...for companies including Dollar General, Rite Aid and AutoZone....
...Earnings: On the corporate front, industrial supplies company Fastenal and US automotive replacement parts and accessories retailer AutoZone are due to report results....
...In the past few months FedEx has expanded the list of partners seeking to use its service has expanded, which now includes McDonald’s, Walmart, CVS, AutoZone and Target....
...William Rhodes, head of car parts retailer AutoZone, recently told investors: “The next couple of weeks to a month are going to be critical to see what actually happens....
...In August, AutoZone, a car parts retailer, asked the SEC for permission to reject a SASB adoption proposal from As You Sow....
...The economic calendar remains light, with homebuilder confidence due later this morning. On the corporate front, investors have the latest results from General Mills and AutoZone....
...ESL’s early investments had been conventional, but Mr Lampert’s activist strategy paid off handsomely at AutoZone, the car parts retailer, and AutoNation, the car dealer....
...His fund owns shares in retailers including AutoZone, Dollar General and Ross Stores. “It’s a stock story, not a sector story....
...In the case of AutoZone, this was also not the case....
...This did not stop AutoZone and Hasbro doing very well....
...AutoZone is already up more than 5 per cent since the start of the year, gaining 1.6 per cent on Wednesday morning in New York to reach $748.19....
...AutoZone, the automotive replacement parts and accessories retailer, has become the latest retailer to blame a delay in tax refunds for an unexpected slide in quarterly sales and profit....
...AutoZone blamed a delay in tax refunds for the abrupt drop in like-for-like sales during its fiscal third quarter....
...The uptick comes following signs of improved trading for the sector. Earlier this month, AutoZone and CarMax both reported quarterly results that beat analyst estimates....
...The warning from O’Reilly rattled shares of other car parts retailers, with AutoZone falling 9.6 per cent to $516.83 and Advance Auto Parts dropping 11.2 per cent to $105.21....
...Eddie Lampert, the hedge fund billionaire who made small fortunes at AutoZone and AutoNation, thought he could turn things around by combining Sears with Kmart in 2005....
...But, like many retail industries, the trend is bigger than one company and other stocks fell in line with AutoZone....
...Advance Auto Parts trailed the S&P 500, falling 4.3 per cent to $116.71. Other retailers such as O’Reilly Automotive, CarMax and AutoZone all experienced sub-1 per cent declines....
...It has company: Sears, GameStop, Target, JCPenney, AutoZone and assorted others have taken a whacking recently....
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