AAP News and Press, Advance Auto Parts Inc W/I From 07/01/23

2023-07-01 09:45:00 ET Advance Auto Parts ' (NYSE: AAP) first-quarter financials crushed any remaining optimism investors might have had for this company's potential turnaround. Revenue barely increased, and net income shrunk by more than two-thirds. Making matters...

2023-06-27 13:02:23 ET Summary Bears remain resolute in their strong bet against Rite Aid. Weak outlook from Walgreens hurt RAD stock ahead of the Q1 2024 report. Debt leverage and cost run rate remain a concern. Walgreens Boots Alliance ( WBA ) lost 10% when the...

2023-06-24 11:00:00 ET Advance Auto Parts (NYSE: AAP) cut its dividend by 80% when it reported first-quarter 2023 earnings. Annaly Capital Management 's (NYSE: NLY) dividend has been falling for a decade and was just slashed again. Simon Property Group (NYSE: SPG) cu...

2023-06-13 10:26:00 ET Advance Auto Parts ( NYSE: AAP ) rose 4.4% amid speculation the auto parts retailer may become a target for an activist investor. The auto parts retailer may become vulnerable to an activist, according to an Activist Insight report that traders circu...

2023-06-11 05:24:00 ET The stock of automotive aftermarket-parts retailer Advance Auto Parts (NYSE: AAP) is down 64.5% over the last year, in contrast to its peers O'Reilly Automotive (NASDAQ: ORLY) and AutoZone (NYSE: AZO) , which are up 42.7% and 16.4%, respectivel...

2023-06-10 18:55:00 ET The Citi quantitative team is still confident about its Oversold Strategy, despite a second stumble in returns this year. "Our systematic Oversold Strategy posted its second loss (-4%) this year in May, as the equity market is following more closely on the credit ...

2023-06-10 00:15:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2023-06-05 09:15:00 ET One way that a company can reward its shareholders is by paying a dividend. But fairly frequently, dividends end up being cut, which is not particularly shareholder-friendly. There's a fine line that has to be walked to ensure that a dividend is sustainable. Adv...

2023-06-03 03:36:22 ET Summary Advance Auto Parts Inc. is down 40% after struggling in Q1 2023. Management should focus on optimizing operations, closing poor-performing stores, and improving product mix to increase cash flow for future buybacks and dividends. My valuation mod...

2023-06-03 01:00:00 ET Summary May 2023 saw a rebound for dividend-paying companies in the U.S. stock market, with an increase in firms raising dividends and a decrease in dividend-paying firms. However, our sampling found 37 announcements of reduced, cut, or suspended dividends, ...