This week, the Alpha Algorithm churned out another stock in the booming U.S. automotive sector — similar to your current recommendation in Autozone (AZO). And much like AZO, this stock has also attracted the attention of six different algorithm-based strategies.
OReilly Automotive, Inc. (ORLY), together with its subsidiaries, retails aftermarket auto parts, tools, supplies, equipment and accessories in the United States. On Feb. 11, ORLY reported a 24% increase in earnings to $2.19 per share in the fourth quarter of 2015 from $1.76 in the year-ago quarter. Earnings also exceeded consensus estimates by 12 cents.
Six Top Investment Strategies Betting on O’Reilly Automotive Inc. (ORLY)
- Broker’s Best
One of Raymond James’ selection of stocks expected to outperform the S&P 500 over either a six- or 12-month period.
- Momentum Model
The stock is among the top approximately 100 U.S.-listed companies to demonstrate powerful relative strength characteristics relative to the 3,000 largest U.S.-listed companies.
- IBD Top Fifty
It is a Top 50 stock based on Investor’s Business Daily’s proprietary trading formula to identify 50 stocks that meet one of seven different catalysts. The “CAN SLIM” strategy identifies companies with either fundamental (improving earnings, new product) or technical (upward stock move on strong volume) catalysts.
- Value Line Model
The stock is among the top 100 stocks, from a universe of 1,700, to which Value Line gives a no. 1 ranking in its Timeliness Ranking System.
- Shareholder Yield
It is among companies (a) paying cash dividends, (b) engaging in net share repurchases and (c) paying down debt on their balance sheets.
- Large-Cap Growth
The stock is among the top 50 large-capitalization U.S. growth stocks generated through a rigorous 10-factor fundamental screening process.
Buy O’Reilly Automotive, Inc., (ORLY) at market today.
Place your stop at $248.
With the stock currently technically overbought, I am holding off on recommending options on the stock today.