Advance Auto Parts (AAP): Why Hedge Funds Are Holding Steady Amid Market Struggles [Yahoo! Finance]
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=130560&p=irol-irhome
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Source: Yahoo! Finance
How is the Market Performing Entering the Rate Cuts In one of our recent articles regarding the 10 Hot Penny Stocks On the Move , we discussed how the overall macroeconomic conditions have played a crucial role in building an environment leading to the upcoming Fed rate cut. Here's an excerpt from the piece: “The economy of the United States has stabilized, the risks of a recession have been delayed, and inflation continues to cool down. On August 30, Reuters reported that the Federal Reserve received a fresh confirmation regarding inflation continuing to ease. The personal consumption expenditure price index rose 2.5% year-over-year in July and inflation has stayed within the 2% goal set by the Fed. Fed Chairman has indicated that the “time has come to cut rates”. While there has been a debate about a 25-point or a 50-point cut, the market has fluctuated before the announcement. On September 17, CNBC reported that the S&P 500 was lower after reaching a record high on Tuesday.
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News
- AutoZone misses quarterly profit estimates on rising costs; shares down [Yahoo! Finance]Yahoo! Finance
- Oak Hill Provides $775 Million Private Loan for Worldpac [BNN Bloomberg (Canada)]BNN Bloomberg
- Oak Hill Provides $775 Million Private Loan for Worldpac [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts, Inc. (NYSE: AAP) had its price target lowered by analysts at Wells Fargo & Company from $50.00 to $40.00. They now have an "equal weight" rating on the stock.MarketBeat
- Advance Auto Parts, Inc. (NYSE: AAP) had its "neutral" rating re-affirmed by analysts at Mizuho. They now have a $38.00 price target on the stock, down previously from $45.00.MarketBeat
AAP
Earnings
- 8/22/24 - Miss
AAP
Sec Filings
- 9/20/24 - Form 4
- 9/17/24 - Form 8-K
- 8/22/24 - Form 8-K
- AAP's page on the SEC website