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ADVANCE AUTO PARTS INCADVANCE AUTO PARTS INCADVANCE AUTO PARTS INC

ADVANCE AUTO PARTS INC

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AAP trade ideas

PennantThe pole is Down so this is a bear pennant, but it is still a neutral pattern until the top or bottom line is broken. This was in a horizontal trading zone/rectangle/that broke to the downside. Some would use the pole and extend it from the point of the break to the downside to calculate targets. This just looks cheap/undervalued to me, but even dirt can get cheaper. I do see that growth is flat over the last 4 quarters. It just seems auto parts would be a good sector if we are in or going in to a recession(I'm confused on whether we are in a recession or going in to one, or what???? It just seems new car purchases would decrease with the iffy economy and folks would have their old car fixed or maintained. No recommendation. AAP seems to have always struggled compared to some of it's competitors. EPS (FWD) 10.96 PE (FWD) 10.72 Div Rate (FWD) $6.00 Yield (FWD) 5.10% Short Interest 5.92% Market Cap $6.92B
NYSE:AAP
by lauralea
AAP | Good Entry Point | LONGAdvance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts. It also offers air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluids; electrical wires and fuses; electronics; floor mats, seat covers, and interior accessories; hand and specialty tools; lighting products; performance parts; sealants, adhesives, and compounds; tire repair accessories; vent shades, mirrors and exterior accessories; washes, waxes and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oils; oil filters, part cleaners and treatments; and transmission fluids for engine maintenance. Further, it offers battery and wiper installation; engine light scanning and checking; electrical system testing, including batteries, starters, and alternators; oil and battery recycling; and loaner tool program services. Additionally, the company sells its products through its website. It serves professional installers and do-it-yourself customers. The company operates stores under the Advance Auto Parts, Autopart International, and Carquest brands, as well as branches under the Worldpac name. The company has stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada; and independently owned Carquest branded stores in Mexico, Grand Cayman, Caribbean Islands. The company was founded in 1929 and is based in Raleigh, North Carolina.
NYSE:AAPLong
by DivergenceSeeker
2
AAP BULLISH trade setup into earningsBullish on AAP (advanced auto parts) . Charts looks like a bottom of the channel reversal, indicating an up move, in an overall down trend. This is based upon bullish daily candle formation as well as weekly TTM squeeze histogram. On the daily chart , we have Inside and up candles, and a TTM squeeze that fired. On the weekly chart, you have a shift from red to yellow histogram, indicating an end to downward movement. A+ setup in my opinion. I am buying calls 6 weeks out (02/17 strike), which will be a run up into earnings on 02/13. This should also propel the option price upwards as premium increases into earnings .
NYSE:AAP
by NTXD
AAP BreakoutBLUF: 20% swing for 2 months at a 5% risk with the potential for a trend breakout. Whether or not you "believe" in a recession in 2023, the idea of one on the horizon should alter how we pick stocks. Jim Cramer has been pushing bargain retailers for months and TJX is up over 40% since May of 2022. Taking the idea of a recession and the movement of money into the bargain or overstock companies can lead us to the auto industry. Benzinga posted on 30 Dec, 22 how much the major car companies have been down. With the decrease in consumer spending on vehicles, the idea here is that the money will shift from new cars to repairing current vehicles through auto parts stores. The three big companies focused on keeping used cars running are Autozone (AZO), Advance Auto Parts(AAP), and OReilly Automotive (ORLY). AZO and ORLY have been performing nicely for multiple years, while AAP is at its Jan 21 low. The company president and CEO stated in the Q3 earnings report that "we're not at all satisfied with this outcome (lagging top-line growth)" and "as we develop plans for 2023 and beyond, we've done a deep dive on the competitive environment and the actions necessary to accelerate growth". This could be the inflection point and turn the company around from a leadership and financial perspective. Turning to the chart. The stock has been following a negative trend since January 2022. The stock has tested and bounced off the $143 low from January 2021. Since this decline began, it has tested the lower trendline and rebounded sharply to the upper trendline lasting, 56, 60, and 36 days. I believe the stock has the chance to continue trending toward the upper trend line over the next two months. If it can break the upper trend and we see continued signs of a recession, it could break out of the negative channel AAP is currently in. The downside is about 5.5% to the recent lows with a 20% upside to the upper trendline. The stock also has a 4% dividend.
NYSE:AAPLong
by fishon2wm
2
earnings watch 5/23earnings watch 5/23: AAP ESEA NLS NIU XPEV API HEI ZM CRMT TBLT Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NYSE:AAP
by Options360
2
Bear Flag Burned Me/ These Flags Love Bear MarketsAnd this one got me )o: These puppies will bit you. I had it in my brain that auto part stores will do well during a recession, and I think they may. Then ORLY missed earnings, and BOOM, this went down with it! I did not look at the other Auto Parts earnings dates, but I learned a lesson. It was sitting there is a bear flag, then broke up from the bear flag, so the inevitable usually happens. Bear flags love bear markets. The rectangle top should have also got my attention. I will be sure the sector is reporting close to each other or look at when the stock's siblings are reporting. You live and you learn. I looked at it the day before it fell and said to myself, sell this Laura and I did not. Sometimes your gut is right. I was way up and sometimes it is time to let go. Now I will hold on at least until the next rally up and hoping there is one. Otherwise I will just lose I guess. But this sort of foolish mistake does make you want to kick yourself! And we all make them at one point or the other. This is an example of my being stubborn and that does not always work out so good. Don't you hate it when this happens? LOL I guess all you can do it blow it off and keep moving forward. No recommendation.
NYSE:AAP
by lauralea
5
Earnings watch 2/14 post-marketEarnings watch 2/14 post-market: AAP CAR INLB POWW ANET CLR AMKR PHX ASYS OTTR Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NYSE:AAP
by Options360