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Stock Market & Financial Investment News

News Breaks
January 7, 2013
12:22 EDTPBY, ORLY, AZOO'Reilly, peers fall after firm says sector to face more headwinds
O'Reilly Automotive (ORLY), which sells automotive aftermarket parts and equipment, is retreating after research firm Piper Jaffray downgraded the stock to Neutral from Overweight in a note to investors earlier today. A number of other companies in the same sector are also declining in the wake of Piper's downgrade. O'Reilly and its peers will face increased headwinds into 2014 and 2015, when fewer vehicles will be 6-12 years old, Piper wrote. Vehicles in that age range are the most likely to be repaired, the firm explained. The firm is also worried that waning auto parts inflation could hurt the sector, whose sales and margins have benefited from such inflation, according to the firm. Piper lowered its price target on the stock to $85 from $102. In early afternoon trading, O'Reilly declined $2.08%, or 2.27%, to $89.57, while The Pep Boys (PBY) dropped 2.52% to $10.04 and AutoZone lost 1.57% to $35.20.
News For PBY;AZO;ORLY From The Last 14 Days
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July 30, 2015
07:29 EDTORLYO'Reilly Automotive price target raised to $275 from $245 at UBS
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July 29, 2015
16:48 EDTORLYO'Reilly Automotive sees FY15 EPS $8.59-$8.69, consensus $8.69
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16:47 EDTORLYO'Reilly Automotive sees Q3 EPS $2.29-$2.33, consensus $2.34
Sees Q3 comparable store sales up 3.0%-5.0%.
16:46 EDTORLYO'Reilly Automotive reports Q2 EPS $2.29, consensus $2.26
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15:59 EDTORLYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 47c... MetLife (MET), consensus $1.48... Williams (WMB), consensus 24c... Vertex (VRTX), consensus (58c)... O'Reilly Automotive (ORLY), consensus $2.26... NXP Semiconductors (NXPI), consensus $1.37... Marriott (MAR), consensus 81c... Fiserv (FISV), consensus 94c... Western Digital (WDC), consensus $1.45... SBA Communications (SBAC), consensus 9c... Whole Foods (WFM), consensus 45c... Lincoln National (LNC), consensus $1.53... Lam Research (LRCX), consensus $1.47... ServiceNow (NOW), consensus (2c)... Qorvo (QRVO), consensus $1.06... Hologic (HOLX), consensus 39c.
15:08 EDTORLYNotable companies reporting after market close
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