"Aaron Rents (NASDAQ: RNT) is a new addition to the focus list that carries both fundamental and technical strength," says Michael Vodicka, an analyst with Zacks Elite Investment Research.
"The company is a specialty retailer of consumer electronic goods like stereos and televisions that owns or operates 1,545 stores in the United States and Canada. Aaron Rents was founded in 1955 and has a market cap of $1.38 billion.
"In spite of a short-lived drop in mid October, this stock has held up well in an environment where consumers are pulling back on discretionary spending. The big share-price rebound was predicated on the company's solid third-quarter results, reported in late October.
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