Friday, January 26, 2018

A Sector Set to Bounce in 2018

Last year was one to forget for auto-parts retailers, and many investors wrote off the sector. While the S&P 500 rose nearly 20%, the best-performing stock, Genuine Parts Company (NYSE:GPC) declined slightly; the most highly regarded stocks in the industry, O'Reilly Automotive, Inc. (NASDAQ:ORLY) and AutoZone, Inc (NYSE:AZO) declined around 14% and 10% respectively -- and Advance Auto Parts (NYSE:AAP) fell a whopping 41%.

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