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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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September 30, 2014
10:02 EDTAZOOn The Fly: Analyst Initiation Summary
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07:39 EDTAZOAutoZone initiated with a Market Perform at William Blair
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September 26, 2014
14:18 EDTPBYPep Boys downgraded to Hold from Buy at BB&T
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08:34 EDTPBYPep Boys CEO Odell resigns
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08:33 EDTPBYPep Boys CEO Odell resigns
September 25, 2014
10:06 EDTAZOOn The Fly: Analyst Downgrade Summary
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07:24 EDTAZOAutoZone downgraded to Hold from Buy at Argus
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September 22, 2014
11:16 EDTAZOAutoZone says business model 'solid'
10:57 EDTAZOAutoZone says every month in Q4 had positive SSS growth
The company notes that August was better than July.
10:36 EDTAZOAutoZone optimistic company can grow in all upcoming quarters
Sees acquisition of Interamerican Motor Corporation as "impressive" growth opportunity, does not see significant overlap with IMC's customer base. Says will open a "handful" of IMC stores in the new FY. Says May was "quite strong," June was "decent," July was "not as strong." Says over time will open more Hub locations at a moderate level. Says maintenance-related categories missed expectations in Q4. Looking to FY15, says Q2, Q3 will have more difficult comparisons, but optimistic company can grow in all upcoming quarters. Says committed to long-term growth strategy. Sees costs "predictable and manageable" in FY15. Sees opportunity for gross margin expansion in retail, commercial businesses. Sees IMC a "slight drag" on gross margins. Views share repurchase as attractive capital deployment strategy. Says can hopefully close IMC deal "within the next week or so." Comments made on the Q4 earnings conference call. AutoZone shares are down 3.84% to $505.98 in mid-morning trading.
10:22 EDTAZOAutoZone falls after results, levels to watch
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07:06 EDTAZOAutoZone opened 83 new U.S. stores, 28 new stores in Mexico, 1 in Brazil in Q4
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07:03 EDTAZOAutoZone reports Q4 EPS $11.28, consensus $11.26
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September 18, 2014
10:34 EDTORLYHigh option volume stocks
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