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AZO - Advance Auto Parts: Buy The Dip In This Great Trading Stock
AutoZone Inc.
The stock has been rangebound for months, allowing traders to play the name up and down.
While the stock has stalled a bit as the market evaluates the impact of inflation, supply chain issues, and rate hikes on operations, management has worked to be shareholder-friendly.
A huge dividend hike makes this name look more attractive under $220.
The outlook remains strong and we like scaling in on either a trade or an investment.