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New Strong Sell Stocks for January 26th

05:46am, Friday, 26'th Jan 2024
AAP, ASTL and BANR have been added to the Zacks Rank #5 (Strong Sell) List on January 26, 2023.
Advance Auto Parts (AAP) closed at $61.30 in the latest trading session, marking a -1.81% move from the prior day.
A business owner out there has been worried about the FED rate hikes and fearful talks of recession throughout 2023. It seemed like the whole economy was against this person's hopes and dreams to expa
Advance Auto Parts has experienced a decline in market share; and was downgraded to junk status by S&P Global in September. The company has struggled with subpar gross margins, high SG&A expenses, and
Advance Auto Parts (AAP) reported earnings 30 days ago. What's next for the stock?

Is Advance Auto Parts Stock a Buy?

06:14am, Thursday, 30'th Nov 2023
Advance Auto Parts has meaningfully lowered its fiscal 2023 earnings guidance. The new leadership team needs to focus on better inventory management.

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Although Advance Auto (AAP) is currently trading near its 52-week low with a plan of action in place, it's not worth buying the stock now, given various near-term headwinds.
Aftermarket auto parts retailer Advanced Auto Parts Inc. NYSE: AAP has dramatically underperformed its Auto/Tires/Trucks sector peers. Its shares are trading down 66.8% year-to-date (YTD) compared to

Advance Auto Parts Stock: Buy, Sell, or Hold?

09:00am, Saturday, 18'th Nov 2023
Advance Auto Parts slashed its earnings guidance again and flipped from a profit to a loss. Further, the auto parts provider's "strategic review" update was underwhelming.
The company's turnaround, which has been under way since before the pandemic, has seen roadblocks.
Advance Auto Parts layoffs (NYSE: AAP ) are the talk of Wall Street lately after the retail chain announced it will eliminate roughly 400 positions at it's third-quarter earnings report on Wednesday.
Advance Auto Parts Inc (NYSE: AAP) has lost an alarming 65% already over the past nine months but a Bank of America analyst says the free fall may not be over just yet.
Hundreds of U.S. companies have slashed their workforces this year, including Amazon, Google, Meta and Disney.
For full-year 2023, Advance Auto (AAP) now estimates net sales in the band of $11.25-$11.30 billion compared with the previously guided range of $11.25-$11.35 billion.
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