Top Performer for Thurs: Advance Auto Parts (AAP) – Zacks #1 Rank Top Performers
James Giaquinto (July 2nd, 2009) Writes:
< ?DART(15);?> By now, most readers know that auto parts companies are getting a boost from these tough times, as drivers are opting to repair existing cars rather than buy new ones. Earnings estimates for AAP remain well above levels from 60 days ago, and the company has put together several quarters of better-than-expected profit results.
AAP is moving today on lower-than-normal volume of about 877,000 shares, compared to the daily average of more than 1.6 million. The only other company from the retail/wholesale - auto parts industry on today's Zacks #1 Rank List is AutoZone, Inc.
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