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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Advance Auto Parts (AAP) Soars: Stock Adds 16.3% in Session

Zacks Equity Research
Updated

Advance Auto Parts, Inc. AAP was a big mover last session, as the company saw its shares rise more than 16% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $79.38 to $88.09 in the past one-month time frame.

The move came after the company reported better-than-expected third-quarter 2017 results.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Advance Auto Parts currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

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Advance Auto Parts Inc Price

 

Advance Auto Parts Inc Price | Advance Auto Parts Inc Quote

A better-ranked stock in the auto sector is Cummins Inc. CMI, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AAP going up? Or down? Predict to see what others think:Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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Advance Auto Parts Inc (AAP) : Free Stock Analysis Report
 
Cummins Inc. (CMI) : Free Stock Analysis Report
 
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Zacks Investment Research