autozone posts
FeedPosted Mar 1st 2011 8:30AM by Jason Raznick (RSS feed)
Filed under: Before the Bell, International Markets, Earnings Reports, AutoZone Inc (AZO), Commodities, Oil

U.S. stock futures are higher Tuesday morning as investors await economic data. Futures for the Dow Jones Industrial Average surged 49 points to 12,263.00, while those for the S&P 500 index gained 6.10 points to 1,332.20. Futures for the Nasdaq 100 index climbed 14.25 points to 2,365.00.
The U.S. stock market closed higher on Monday, driven by an upbeat personal income report. The Dow Industrials gained 0.79% and the S&P 500 rose 0.56%.
U.S. ISM manufacturing data for February and construction spending data for January will be released at 10 a.m. ET. Auto sales data for February will also be released on Tuesday.
Continue reading U.S. Stock Futures Up as Investors Await Manufacturing, Construction Data
Posted Feb 10th 2011 11:30AM by Joseph Lazzaro (RSS feed)
Filed under: AutoZone Inc (AZO), Stocks to Buy
The shares of AutoZone Inc. (AZO) have pulled back slightly, but that's just a disguise: the shares of AZO are headed higher. And the reason is obvious enough: until monthly U.S. job growth averages about 200,000, new car auto sales will remain below 30-year averages.
The auto parts chain was first discussed here on March 30, 2009, at a price of $163.40.
AutoZone is benefiting from economic conditions as adults unable to buy a new car are maintaining their existing used cars; others are purchasing a used car instead of a new one. Each trend is bullish for AZO.
Continue reading Has AutoZone's Pullback Created an Opportunity?
Posted Dec 9th 2010 10:30AM by David Fried (RSS feed)
Filed under: Coca-Cola (KO), Newsletters, AutoZone Inc (AZO), H and R Block (HRB), Coca-Cola Enterprises (CCE), Family Dollar Stores (FDO), Stocks to Buy, Stock Picks
Our recommendations for the Buyback Premium Portfolio center on a collection of five stocks that we believe, as a group, will outperform the market this month.
The Buyback Premium Portfolio has beat the S&P 500 by more than 72% since its inception (August 2, 2000)! It is up 54.87% since inception vs. a decline of 17.90% in the S&P 500. For the month of November, the portfolio gained 3.41% vs. a decline of 0.23% in the S&P 500.
Continue reading David Fried's Buyback Premium Portfolio: Mid-Month Update
Posted Dec 5th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, AutoZone Inc (AZO), Smithfield Foods (SFD), Economic Data
After a week full of mixed economic data taking its toll on the markets, things will settle down somewhat this coming week.
- Monday: Fed releases October data on consumer credit outstanding.
- Tuesday: TIPP Economic Optimism Index is due.
- Wednesday: Labor Dept. offers initial jobless claims numbers for last week, EIA's crude oil inventory last week, October wholesale trade numbers from the Census Bureau.
- Friday: Trade balance data for October, Bureau of Labor Statistics releases its Import Price Index for November, preliminary Michigan Consumer Sentiment Index is due, and the Treasury Dept. releases the federal budget balance in November.
Continue reading Week in Preview: A Bit of a Breather (AZO, DG, SFD)
Posted Sep 19th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Adobe Systems (ADBE), AutoZone Inc (AZO), Lennar Corp'A' (LEN), Economic Data, Housing
Housing steps into the spotlight again this coming week. The release of the National Association of Homebuilders Housing Market Index starts out the week on Monday morning. Then on Tuesday morning, look for housing starts data from August. Release of the July FHFA House Price Index is scheduled for Wednesday. And numbers for existing home sales and for new home sales in August are due out Thursday and Friday, respectively. Overall, the housing market is expected to have continued to lose momentum in August, but less dramatically than in July.
Also on the economic calendar this week: Tuesday's FOMC meeting on interest rates, the Conference Board's Leading Economic Indicators Index for August on Thursday, initial jobless claims for last week, and durable goods orders data for August on Friday. No significant changes from the Fed are anticipated, but the leading economic indicators may rise a bit.
Continue reading The Week in Preview: Housing Data, Lennar's Earnings and More
Posted Sep 13th 2010 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Microsoft (MSFT), Exxon Mobil (XOM), Nokia Corp. (NOK), AutoZone Inc (AZO), Research in Motion (RIMM), Analyst Initiations
Analyst Upgrades
- Citigroup upgraded OpenTable (OPEN) to buy from hold, citing stronger than expected near-term trends and traction for the company's Spotlight offering. Citi upped its price target for shares to $70 from $46.
- Wells Fargo upgraded Werner (WERN) to outperform from market perform, citing valuation, the company's reduction in cost, and its above peer exposure to the pricing cycle.
- Goldman upgraded CarMax (KMX) to neutral from sell based on valuation and higher used car profitability. The firm has a $24 target on the stock.
- Apollo Group (APOL) was upgraded to overweight from equal weight at Morgan Stanley.
- Nokia (NOK) was upgraded to overweight from equal weight at Barclays.
- Zions Bancorp (ZION) was upgraded to outperform from market perform at Bernstein.
Continue reading Analyst Calls: AZO, KMX, MSFT, NOK, OPEN, PCG, RIMM, WDC, WERN, XOM ...
Posted Aug 30th 2010 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Intel (INTC), AutoZone Inc (AZO), Lockheed Martin (LMT), Texas Instruments (TXN), Analyst Initiations, Raytheon Company (RTN)
Analyst Upgrades
- BMO Capital upgraded Noble Energy (NE) to outperform from market perform and raised its target to $85 from $78. The firm upgraded Noble based on Niobrara field potential and record-breaking reserve potential at the Leviathan prospect.
- Wells Fargo upgraded Raytheon (RTN) to outperform from market perform based on relative valuation, strong balance sheet and International sales exposure.
- ThinkEquity upgraded Cerner (CERN) to buy from hold based on valuation and EMR momentum. The firm raised its price target on shares to $86 from $80.
- Sanofi-Aventis (SNY) was upgraded to buy from hold at Societe Generale.
- Cavium Networks (CAVM) was upgraded to outperform from market perform at JMP Securities.
- CSG Systems (CSGS) was upgraded to outperform from perform at Oppenheimer.
Continue reading Analyst Calls: AZO, CERN, CIS, INTC, LMT, LULU, NE, RTN, SNY, TXN ...
Posted Jul 30th 2010 2:10PM by Joseph Lazzaro (RSS feed)
Filed under: AutoZone Inc (AZO), Stocks to Buy
A U.S. economic recovery in doubt means new car auto sales forecasts are in doubt, which is good news if you own shares of auto parts chain AutoZone Inc. (AZO). I first discussed AutoZone here on March 30, 2009, at a price of $163.40.
AutoZone is benefiting from a recession-related trend: Adults unable to buy a new car are maintaining their existing used cars; others are purchasing a used car instead of a new one. Each trend is bullish for AutoZone.
As a result, look for AutoZone to post revenue growth of 5% to 7%, boosted by both same-store sales growth and about 200 new stores. Margins should widen.
Continue reading AutoZone Benefits from Economic Doubt
Posted Jun 2nd 2010 11:40AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, JPMorgan Chase (JPM), AutoZone Inc (AZO), Carnival Corp (CCL), Analyst Initiations, Deere and Co (DE), Polo Ralph Lauren'A' (RL)
Analyst Upgrades
- UBS upgraded JPMorgan (JPM) to buy from neutral and has a $50 price target on the stock. The firm cites valuation for the upgrade.
- Morgan Joseph upgraded Deere (DE) to buy from hold, citing strong U.S. demand for combines and tractors, favorable fundamentals in Brazil, and expectations for improved domestic construction-equipment demand. The firm has a $75 price target on the stock.
- Wells Fargo upgraded Venoco (VQ) to outperform from market perform to reflect increased confidence in the company's Monterey Shale potential.
- GlaxoSmithKline (GSK) was upgraded to buy from hold at Jefferies.
- Tenet Healthcare (THC) was upgraded to positive from neutral at Susquehanna.
- Agnico-Eagle (AEM) was upgraded to outperform from sector perform at RBC Capital.
Continue reading Analyst Calls: AZO, CCL, CSIQ, DE, GSK, JPM, NILE, RCL, RL, THC, VQ ...
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