AutoZone, Inc. (AZO) Social Stream
Featured Post From StockTwits About AZO
$AZO Watchlist [too much red but creating a base??]. Light blue oversold RSI candle [again].Ro_Patel, published June 10, 2021
Issue: Suffers from "is this as good as it gets" syndrome - % of income spent on auto part at highest level since 2007.
IMHO it spending should continue b/c 2nd hand buying continues & avg age of auto fleet in the US continues to age, little/to no incentives for new autos given, popularity of trucks & SUVs - new & existing of light trucks & SUVs owners drive accessory sales & public transportation has not returned to normal levels (rideshare & airport transport).
Autozone has a remaining $1.32B buyback auth as of May 8, 2021 - mrq bought back $900M at avg price $1357. FY21 Fwd P/E: 15.24x.
FD: Looking to sell puts [again]
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Other Notable StockTweets About AZO
$AZO Best in class specialty retailer. Excellent combination of growth and value (close to 1 PEG). Huge buyback is an extra kicker. Stock drifting lower on low volume for no real reason, but should be bought at these levels.EquityAnon, published June 4, 2021
Short position in $AZO reported by JNL SERIES TRUST - JNL Multi-Manager Alternative Fund (A) -> https://fintel.io/sosh/us/azo?utm_source=stocktwits.com&utm_medium=Referral&utm_campaign=soshrisenhoover, published May 27, 2021
Futures up, Europe up, Asia up. Fed's Brainard, Bostic & Bullard say inflation is temporary. German IFO sentiment beats. Gov't funding could build 7 new semi plants in US. $AZO beats. $DY misses. $RIDE needs more capital. $CBRL blowout.Contrahour, published May 25, 2021
This is why Hedge Funds use A.I. $AZO in +2.58% Uptrend, advancing for three consecutive days on May 13, 2021. View odds for this and other indicators: https://srnk.us/go/2743776tickeron, published May 17, 2021