Pre-Market Technical Scan on Services Equities -- O'Reilly Automotive, AutoZone, Advance Auto Parts, and Magna
NEW YORK, December 11, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on ORLY, AZO, AAP, and MGA which is a click away at http://www.wallstequities.com/registration. For today, WallStEquities.com covers the Services sector, which is involved in the provision of services to businesses as well as final consumers. Such services include accounting, tradesmanship, computer services, restaurants, and tourism, among others. Equities under review this morning are: O'Reilly Automotive Inc. (NASDAQ: ORLY), AutoZone Inc. (NYSE: AZO), Advance Auto Parts Inc. (NYSE: AAP), and Magna International Inc. (NYSE: MGA). Get you free stock reports on these stock by registering now on Wall St. Equities at: http://www.wallstequities.com/registration
O'Reilly Automotive
Last Friday, Springfield, Missouri headquartered O'Reilly Automotive Inc.'s stock climbed 2.54%, to close the day at $251.07. A total volume of 609,387 shares was traded. The Company's shares have advanced 19.76% in the last month and 27.83% in the previous three months. The stock is trading 15.78% above its 50-day moving average and 10.68% above its 200-day moving average. Additionally, shares of O'Reilly Automotive, which together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the US, have a Relative Strength Index (RSI) of 73.94.
On November 13th, 2017, O'Reilly Automotive announced the addition of Greg L. Henslee and Dana Perlman to its Board of Directors, bringing the total number of Board members to 11, with six members designated as independent directors under the Nasdaq Stock Market rules. Mr. Henslee has served as the Company's CEO since 2005. Ms. Perlman has served as Senior Vice President, Treasurer, Business Development and Investor Relations of PVH Corp. since 2011.
On December 04th, 2017, research firm MoffettNathanson initiated a 'Buy' rating on the Company's stock. Get started with a complimentary subscription and access to the free report on ORLY at: http://www.wallstequities.com/registration/?symbol=ORLY
AutoZone
Shares in Memphis, Tennessee-based AutoZone Inc. climbed 2.78%, finishing Friday's session at $721.89. The stock recorded a trading volume of 541,588 shares, which was above its three months average volume of 490,360 shares. The Company's shares have gained 21.12% in the last month and 33.60% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 17.08% and 17.32%, respectively. Furthermore, shares of AutoZone, which retails and distributes automotive replacement parts and accessories, have an RSI of 76.52.
On November 14th, 2017, AutoZone announced that it will hold its Annual Meeting of Stockholders on December 20th, 2017, at the J.R. Hyde III Store Support Center in Memphis, Tennessee. The meeting will begin at 9:00 a.m. EST. The event will be webcast and can be accessed, along with supporting slides, on the Company's website.
On December 06th, 2017, research firm Guggenheim downgraded the Company's stock rating from 'Buy' to 'Neutral'. Free research on AZO can be accessed at: http://www.wallstequities.com/registration/?symbol=AZO
Advance Auto Parts
Roanoke, Virginia headquartered Advance Auto Parts Inc.'s stock finished 2.77% higher at $100.31 last Friday at the close. A total volume of 917,369 shares was traded. The Company's shares have advanced 26.32% in the past month and 6.26% in the previous three months. The stock is trading above its 50-day moving average by 11.89%. Additionally, shares of the Company have an RSI of 61.72.
On November 14th, 2017, Advance Auto Parts announced its financial results for Q3 ended October 07th, 2017. Total net sales for the quarter were $2.18 billion; gross profit margin decreased to $947.7 million; and SG&A expenses were $791.1 million. Operating income for Q3 2017 was $156.6 million, and operating cash flow decreased to $401.0 million.
On December 04th, 2017, research firm MoffettNathanson initiated a 'Neutral' rating on the Company's stock. Visit WallStEquities.com now and sign up for the free research on AAP at: http://www.wallstequities.com/registration/?symbol=AAP
Magna International
Aurora, Canada headquartered Magna International Inc.'s shares ended the session 0.92% higher at $56.16. The stock recorded a trading volume of 679,952 shares. Shares of the Company have advanced 5.17% in the last month, 14.94% over the previous three months, and 29.40% on an YTD basis. The stock is trading 3.25% above its 50-day moving average and 17.88% above its 200-day moving average. Moreover, shares of Magna International have an RSI of 62.01.
On December 06th, 2017, Magna International ("MGA") announced the completion of the first of two share repurchase programs (the "Program"). The Program was commenced pursuant to an issuer bid exemption order issued to the Company by the Ontario Securities Commission on November 21st, 2017. MGA repurchased a total of 1,472,000 Common Shares under the Program directly from a third party, for an aggregate purchase price of $101.2 million. All Common Shares acquired under the Program were canceled. The free technical report on MGA is available at: http://www.wallstequities.com/registration/?symbol=MGA
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