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Stock Market & Financial Investment News

News Breaks
January 7, 2013
12:22 EDTPBY, AZO, ORLYO'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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October 22, 2014
16:36 EDTORLYO'Reilly Automotive sees FY14 EPS $7.19-$7.23, consensus $7.15
The company sees FY14 revenue $7.1B-$7.2B, consensus $7.16B.
16:32 EDTORLYO'Reilly Automotive sees Q4 EPS $1.60-$1.64, consensus $1.67
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16:30 EDTORLYO'Reilly Automotive reports Q3 EPS $2.06, consensus $1.95
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15:30 EDTORLYNotable companies reporting after market close
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12:50 EDTORLYO'Reilly Automotive technical comments before earnings
In the past three months the stock has outperformed the broader averages and hit all-time highs. If the news is as positive as traders expect, the only resistance on the chart is the life high at $160.78. Potential additional upside objectives would be in the $165 to $170 range depending on the degree of positive surprise that exceeds currently high expectations. If the news disappoints. there is a key level to watch on the downside and that is the $150 area. A break below $150 would snap the long-term uptrend in place since the lows of 2009. Support below $150 would be at $146.16 and then at $141.93.

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