The Simple Lesson from Advance Auto Parts Disastrous Earnings Report
As the economy continues to weaken, AAP stock looks undervalued for a reason Advance Auto Parts (NYSE:AAP) delivered an earnings report that was a disaster by almost every measure, pulling down the entire auto parts sector as a result. That may be a buy-the-dip opportunity, but not likely for AAP stock. That’s because the results from Advanced Auto Parts is reinforcing a time-honored truth for investing in volatile markets: Buy the best and forget the rest. As of Thursday’s pre-market activity, AAP stock is down a further 2.5%, as it extends a more than 60% decline over the last 12 months. The...