AZO - Is This Monster Stock a Buy for Growth Investors?
For most investors, building a successful portfolio largely hinges upon buying all-weather stocks. This simply means the underlying companies behind the stocks can remain profitable through the likes of recessions, wars, and natural disasters.
Shares of the auto parts retail giant AutoZone (NYSE: AZO) arguably fit the bill. But after surging 17% year to date in a down market, this begs the question: Are shares of the stock still a buy for growth investors?
Let's dive into AutoZone's fundamentals and valuation to try to find the answer.
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Is This Monster Stock a Buy for Growth Investors?