Auto Part News

PayPal Inc. says 15 retailers, including Abercrombie & Fitch, Office Depot and Jamba Juice, are adding its online payment system in their stores.

Beacon Roofing Supply : Wunderlich initiated coverage of this company with a rating of Buy and a price target of $30. Applied Industrial : Wunderlich initiated coverage of this company with a rating of Buy and a price target of $43. Genuine Parts : Wunderlich initiated coverage of this company with a rating of Hold and a price target of $64.

The firm set a "hold" rating and a $64.00 price target on the stock. Genuine Parts Company opened at 61.96 on Friday.

Last week the U.S. stock market, as measured by the S&P 500 index, recorded one of its worst weeks in a long time, dropping over 4%. For the month of May, the S&P is off nearly 8%. For many individual stocks, the price decline has been more painful.

Auto-repair chain Monro Muffler Brake Inc posted quarterly sales below analysts' estimates and forecast weak earnings citing soft demand due to higher gas prices.

Pep Boys spokesperson Mike Melia, commenting on the unusual options activity in the company's stock, says there are no updates to report on the acquisition by Gores Group.

Genuine Parts Co has over 80 years of distribution expertise in replacement parts for automotives and industrial parts, as well as office and electrical materials.

AutoZone traded up 1.14% on Wednesday, hitting $365.27. AutoZone has a 52-week low of $266.25 and a 52-week high of $399.10. The company has a market cap of $14.235 billion and a price-to-earnings ratio of 16.85. AutoZone last released its earnings data on Tuesday, May 22nd.

Memphis' three largest public companies - FedEx Corp., International Paper Co. and AutoZone Inc.

Stocks to Watch from The Survey - Investors are digesting earnings reports from a number of retailers today.

Ralph Lauren's Q4 report doubled the quarterly cash dividend, now $0.40 a share, and beat the earnings estimates of analysts.

Wednesday, May. 23, 2012 Tuesday, May. 22, 2012 Monday, May. 21, 2012 Friday, May.

Best Buy first quarter net declined 25% to $158 million. Medtronic fourth quarter net soared 28% to $991 million.

Despite reporting a strong quarter yesterday, a weak outlook from Advance Auto Parts was enough to send shares skidding by over 15% as investors furiously dumped shares on heavy volume.

The largest U.S. auto parts retail chain AutoZone Inc reported a 9.3% growth in its third-quarter net income to $248.6 million from last year's $227.37 million.

On Thursday, Advance Auto Parts Inc reported its first quarter earnings and discussed the following topics in its earnings conference call.

AutoZone Inc. : Jim Cramer ranked this stock a Buy . The stock closed at $372.45, its 52-week high is $399.10, and its 52-week low is $266.25. Best Buy Co.

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The current cover of Barron's asks increasingly arthritic baby boomers to decide between " Sleep or Sex ." Some choice; the prime memory foam mattress play, Tempur-Pedic , endured a day to forget and slid 6.12%. Its squishy products may produce a baby bust but ahead of today's box office opening of What to Expect When You're Expecting , Wal-Mart - ... (more)

Investors will hear from a couple more major players next week, before the curtain falls on this earnings season, including Tiffany & Co.