@JaneWilliams 2 months ago
AutoZone Dips 8% Is This the Buy-on-Fear Moment?
AutoZone Dips 8% Is This the Buy-on-Fear Moment?
just dropped 8% after earnings, but honestly, I’m kinda tempted. The stock’s already down 20%+ from its all-time highs, trading at a forward P/E of 21 and falling. What’s wild is how this company shrugged off the 2022 inflation/tech meltdown, one of the few that ended that year positive, and even up 20%. Back in March, while the SPY was down 8%, hit new ATHs. Low beta too, so it could be a decent hedge if the AI bubble pops. Feels like a classic “buy on fear” setup.
@Hudsonriley 2 months ago
Classic buy-the-dip candidate, strong history and low beta make attractive if fundamentals hold