Genuine Parts Stock (NYSE:GPC), Trade Ideas

Genuine Parts

Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. We estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to over 200,000 maintenance, repair, and original equipment manufacturer clients.

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Ally Financial Reports Upbeat Earnings, Joins Badger Meter, Genuine Parts And Other Big Stocks Moving Higher On Thursday

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Stocks surged higher on Thursday, with the S&amp;P 500 index aiming to snap a four-day losing streak as investors assess the latest wave of corporate earnings.

Stocks Edge Higher As Earnings Provide Support, Tesla Sinks To 15-Month Lows, Bitcoin Rebounds: What&#39;s Driving Markets Thursday?

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Structure Therapeutics Inc. - American Depositary Shares

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These seven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>United Airlines Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) surged 21.79% last week after reporting first-quarter earnings. Revenue of $12.539 billion beat the consensus estimate of $12.4 billion, and adjusted EPS loss of $(0.15)<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38291030/why-united-airlines-stock-is-rising-wednesday" rel="noreferrer noopener">&nbsp;beat the estimate of $(0.57)</a>. Several analysts&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/UAL/analyst-ratings" rel="noreferrer noopener">raised their forecasts</a>&nbsp;for the stock.</li>
<li>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) increased 12.43% during the week thanks to better-than-expected revenue in the first quarter. The company is still dealing with the cyberattack on its subsidiary, Change <a href="https://www.benzinga.com/news/earnings/24/04/38267213/investors-cheer-unitedhealths-q1-earnings-despite-cyberattack-fallout-taking-872m-hit-from-hack" target="_blank" rel="noreferrer noopener">Healthcare, in February</a>.</li>
<li>Genuine Parts Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) stock gained 10.07% after it reported better-than-expected first-quarter earnings&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38316106/why-genuine-parts-shares-are-rising-today-after-q1-earnings" rel="noreferrer noopener">and boosted its annual profit outlook</a>.&nbsp;</li>
<li>Bentley Systems, Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NASDAQ">BSY</a>) stock rose 7.94% last week. The French industrial giant Schneider Electric SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSY#OTC">SBGSY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSF#OTC">SBGSF</a>) reportedly confirmed discussions of a potential <a href="https://www.benzinga.com/markets/equities/24/04/38333524/whats-going-on-with-bentley-systems-stock-amid-multibillion-dollar-merger-talks" target="_blank" rel="noreferrer noopener">acquisition of the company</a>.</li>
<li>Elevance Health, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) stock gained 5.15% last week after the company reported $2.2B in first-quarter net profit despite a 21% drop in Medicaid enrollment and raised its annual guidance. Several analysts&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/ELV/analyst-ratings" rel="noreferrer noopener">raised their forecasts</a>&nbsp;on the stock.</li>
<li>Progressive Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) stock rose 3.34% in the last week after the company clocked 19% year-over-year growth in first-quarter Net Premiums. Several analysts&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/PGR/analyst-ratings" rel="noreferrer noopener">raised their forecasts</a>&nbsp;on the stock.</li>
<li>Morgan Stanley&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) stock gained 3.3% last week after it reported better-than-expected first-quarter results. Its investment banking&nbsp;<a href="https://www.benzinga.com//node/38272690" target="_blank" rel="noreferrer noopener">revenue grew 16% year over year</a>. The banking giant also&nbsp;<a href="https://www.benzinga.com//node/38287804" target="_blank" rel="noreferrer noopener">decided to slash jobs</a>&nbsp;in the APC region.</li>
</ol>
See Also: <a href="https://www.benzinga.com/news/large-cap/24/04/38348564/lets-spill-the-tea-top-consumer-tech-news-you-should-know-from-last-week">Let&#8217;s Spill The Tea: Top Consumer Tech News From Last Week That You Should Know</a>
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Tracking Last Week's Top Performers: Are These 7 Large-Cap Stocks In Your Portfolio?

Jefferies analyst Bret Jordan maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Hold and raises the price target from $150 to $170.

Price Target

Jefferies Maintains Hold on Genuine Parts, Raises Price Target to $170

Truist Securities analyst Scot Ciccarelli maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Buy and raises the price target from $167 to $183.

Truist Securities Maintains Buy on Genuine Parts, Raises Price Target to $183

Wedbush analyst Seth Basham reiterates Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Neutral and raises the price target from $140 to $170.

Reiteration

Wedbush Reiterates Neutral on Genuine Parts, Raises Price Target to $170

U.S. stocks were lower, with the Nasdaq Composite falling over 50 points on Thursday.
Shares of Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) rose sharply during Thursday's session after the company reported better-than-expected quarterly financial results.
Ally Financial posted adjusted earnings of 45 cents per share, beating market estimates of 33 cents per share. The company's adjusted sales came in at $1.99 billion versus expectations of $1.96 billion.
Ally Financial shares jumped 7.7% to $39.06 on Thursday.
Here are some other big stocks recording losses in today's session.
<ul>
<li>Critical Metals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRML#NASDAQ">CRML</a>) rose 24% to $9.30.</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) shares gained 21.2% to $7.86.</li>
<li>Humacyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) shares rose 13.9% to $3.5550.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) jumped 13.4% to $29.92. The company in a filing explained to shareholders how to prevent shares from being loaned for a short interest position.</li>
<li>Aquestive Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQST#NASDAQ">AQST</a>) jumped 12.4% to $4.4050.</li>
<li>Badger Meter, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) shares jumped 11.8% to $171.06 after the company reported better-than-expected first-quarter results.</li>
<li>FibroBiologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBLG#NASDAQ">FBLG</a>) rose 11.8% to $10.61.</li>
<li>CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) climbed 11.7% to $16.66 as Bitcoin has gained over the past 24 hours.</li>
<li>Genuine Parts Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NASDAQ">GPC</a>) gained 11.1% to $160.05 after the company reported a first-quarter EPS beat and raised its FY24 guidance.</li>
<li>Barnes Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) rose 8.8% to $36.31. DA Davidson analyst Matt Summerville upgraded Barnes from Neutral to Buy and raised the price target from $35 to $45.</li>
<li>Iridium Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) climbed 8.5% to $26.81 after the company reported better-than-expected first-quarter financial results.</li>
<li>Apogee Enterprises, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) surged 8.1% to $60.42 following upbeat quarterly earnings.</li>
<li>ManpowerGroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) gained 7.1% to $75.03 following strong second-quarter guidance.</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) rose 6.2% to $11.58 following recent reports of the TikTok divest-or-ban bill moving on a fast track through Congress.</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) jumped 4.6% to $50.99 after multiple analysts raised their price targets on the stock.</li>
<li>Now Read This: <a href="https://www.benzinga.com/news/24/04/38316287/netflix-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
</ul>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex"> 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="612" height="418" data-id="298553" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18140050/Image26-1.jpeg" alt="" class="wp-image-298553" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18140050/Image26-1.jpeg 612w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18140050/Image26-1-300x205.jpeg 300w" sizes="(max-width: 612px) 100vw, 612px" /><figcaption class="wp-element-caption">Double exposure of business woman are trading USA stock market by using digital tablet</figcaption></figure> 
</figure>

Stocks surged higher on Thursday, with the S&amp;P 500 index aiming to snap a four-day losing streak as investors assess the latest wave <a href="https://www.benzinga.com/calendars/earnings">of corporate earnings.</a>
During midday trading in New York, all major indices were in the green. Notably, small caps, as tracked by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), outperformed, posting a 1% increase.
Industry-wise, airline stocks continued their upward momentum, with the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) climbing 2.7%, building on Wednesday&#8217;s 3.9% surge.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) had another lackluster session, declining over 3% and on track for its lowest close since January 2023. This decline followed Deutsche Bank&#8217;s downgrade of the EV-maker from Buy to Hold, citing concerns over the strategic pivot to autonomous vehicles.
On the data front, the Philadelphia Fed Manufacturing Index posted a sharp upside surprise, registering at 15.5 compared to the expected 1.5 for April. However, existing home sales disappointed expectations, declining 4.3% year over year.
Commodities experienced a rebound, with copper witnessing strong gains, up over 2% to reach a 22-month high, and gold showing further strength with a 1% increase. Natural gas prices rallied over 3% due to slower than expected inventory builds last week.
Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied 4% to reach $63,700 ahead of the highly anticipated halving event.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,964.69</td>
<td>0.9%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>37,894.26</td>
<td>0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,038.47</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,526.21</td>
<td>0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:38 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.4% to $502.25, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) also rose 0.4% to $379.08 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.2% up to $426.62, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 1.2%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) was the major laggard, down 0.4%. 
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Discovery Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) rose 3.6% following the company&#8217;s first quarter results. Peer Capital One Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) mimicked the move ahead of next week&#8217;s earnings release. </li>
<li>Other stocks reacting to earnings were Genuine Parts Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>), up over 12%, Alaska Air Group, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>), up over 5%, Blackstone Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), down 2%, Comerica, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>), up over 3%, Ally Financial Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>), up over 8%, D.R. Horton, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), up over 2%, KeyCorp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>), down 0.4%, and Marsh &amp; McLennan Companies, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>), up over 3%. </li>
<li>Notable names reporting after the close are Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) and Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).</li>
</ul>
Image generated using artificial intelligence via Midjourney.

Stocks Edge Higher As Earnings Provide Support, Tesla Sinks To 15-Month Lows, Bitcoin Rebounds: What's Driving Markets Thursday?

Shares of Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) fell sharply during Thursday's session despite <a href="https://www.benzinga.com/news/earnings/24/04/38302237/las-vegas-sands-reports-better-than-expected-q1-results">better-than-expected first-quarter results.</a>
The company reported quarterly adjusted earnings of 75 cents per share which beat the analyst consensus estimate of 62 cents and represented a 167.86% increase from the same period last year. Quarterly sales clocked in at $2.96 billion which beat the analyst consensus estimate of $2.94 billion and is a 39.58% increase over sales of $2.12 billion from the same quarter last year, according to data from Benzinga Pro.
Las Vegas Sands shares dipped 6.8% to $46.81 on Thursday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h2 class="wp-block-heading">Gainers</h2>
<ul>
<li>AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) shares jumped 148% to $0.9898 after the company announced it entered into a definitive merger agreement with Triller.</li>
<li> Tian Ruixiang Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) jumped 106% to $1.0012 after gaining around 8% on Wednesday.</li>
<li>Bio-Path Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPTH#NASDAQ">BPTH</a>) gained 77.7% to $5.74 after the company announced the completion of its second dose cohort in Phase 1/1b clinical trial of BP1002 evaluating the ability of BP1002 to treat refractory/relapsed acute myeloid leukemia patients.</li>
</ul>
<ul>
<li>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) rose 51% to $0.0560.</li>
<li>23andMe Holding Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ME#NASDAQ">ME</a>) gained 44% to $0.5035 after CEO Anne Wojcicki said she is considering a proposal to take the company private.</li>
<li>Expion360 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) gained 42.5% to $2.75. Expion360 announced &#8216;substantial&#8217; preorders of its Group 27 and GC2 now featuring Vertical Heat Conduction&#x2122; Heating Technology.</li>
<li>Vertex Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTNR#NASDAQ">VTNR</a>) rose 31% to $1.2901.</li>
<li>Aileron Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRN#NASDAQ">ALRN</a>) jumped 29.4% to $5.50. Ladenburg Thalmann analyst Aydin Huseynov maintained Aileron Therapeutics with a Buy and raised the price target from $9 to $19.</li>
<li>MicroCloud Hologram Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) gained 26.5% to $2.8350.</li>
<li>TH International Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THCH#NASDAQ">THCH</a>) shares surged 26.4% to $1.3190 after the company reported a year-over-year increase in fourth-quarter financial results.</li>
<li>Tiziana Life Sciences Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLSA#NASDAQ">TLSA</a>) gained 20.1% to $0.6160. Tiziana Life Sciences announced new quantitative PET imaging data on Foralumab at Meeting of American Academy of Neurology.</li>
<li>Smith Micro Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMSI#NASDAQ">SMSI</a>) climbed 18.7% to $2.3150.</li>
<li>Warrantee Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRNT#NASDAQ">WRNT</a>) rose 15.8% to $0.3745.</li>
<li>Badger Meter, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) gained 11.8% to $171.06 after the company reported better-than-expected first-quarter results.</li>
<li>Genuine Parts Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NASDAQ">GPC</a>) rose 11.1% to $160.05 after the company reported a first-quarter EPS beat and raised its FY24 guidance.</li>
<li>Barnes Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) gained 8.8% to $36.31. DA Davidson analyst Matt Summerville upgraded Barnes from Neutral to Buy and raised the price target from $35 to $45.</li>
<li>Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) climbed 8.1% to $60.42 following upbeat quarterly earnings.</li>
</ul>
<h2 class="wp-block-heading">Losers</h2>
<ul>
<li>iLearningEngines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) shares dipped 29.8% to $7.02.</li>
<li>SuperCom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCB#NASDAQ">SPCB</a>) fell 28.4% to $0.2574. SuperCom announced pricing of $2.9 million registered direct offering.</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) shares fell 28.6% to $4.75. Edible Garden recently reported a year-over-year increase in preliminary first-quarter revenues.</li>
<li>Lithium Americas Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) fell 28% to $4.7750 after the company priced a $275 million public offering.</li>
<li>Beneficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) fell 27.5% to $4.1920.</li>
<li>NRx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) fell 27.1% to $3.04. NRx Pharmaceuticals announced pricing of $2 million underwritten public offering of common stock at a public offering price of $3.30 per share.</li>
<li>Kartoon Studios Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOON#NASDAQ">TOON</a>) fell 25.3% to $1.1050 as the company announced pricing of up to $7 million registered direct offering of common stock.</li>
<li>INVO Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVO#NASDAQ">INVO</a>) declined 24.4% to $1.3750. INVO BioScience recently reported a year-over-year increase in fourth-quarter revenue results.</li>
<li>Windtree Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WINT#NASDAQ">WINT</a>) fell 24.4% to $0.2994. Windtree Therapeutics announced a 1-for-18 reverse stock split effective April 22.</li>
<li>NRx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) fell 24.1% to $3.17. NRx Pharmaceuticals announced pricing of $2 million underwritten public offering of common stock at a public offering price of $3.30 per share.</li>
<li>WiSA Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) fell 24.2% to $7.01.</li>
<li>SolarMax Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) dipped 11.2% to $8.53. SolarMax Technology recently reported fiscal year 2023 results.</li>
<li>Ocular Therapeutix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCUL#NASDAQ">OCUL</a>) fell 10.5% to $6.79. Ocular Therapeutix reported topline Phase 1 data for AXPAXLI in diabetic retinopathy.</li>
<li>Primerica, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) fell 8.6% to $193.38 following a report from The Bear Cave.</li>
<li> Synovus Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) shares declined 6.7% to $34.17 as the company posted weaker-than-expected results for its first quarter.</li>
<li> Equifax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) fell 6.2% to $223.07 after the company reported worse-than-expected first-quarter sales results and issued adjusted guidance below estimates.</li>
<li> Snap-on Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) shares fell 5.5% to $267.96 following weak quarterly sales.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38312420/how-to-earn-500-a-month-from-ford-stock-ahead-of-q1-earnings-report">How To Earn $500 A Month From Ford Stock Ahead Of Q1 Earnings Report</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="996" height="664" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18113438/Image14-1.jpg" alt="" class="wp-image-298250" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18113438/Image14-1.jpg 996w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18113438/Image14-1-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18113438/Image14-1-768x512.jpg 768w" sizes="(max-width: 996px) 100vw, 996px" /></figure>

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MicroCloud Hologram Inc. - Ordinary Shares

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Why Las Vegas Sands Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Genuine Parts Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading higher on Thursday.</a>
The company reported first-quarter adjusted earnings per share of $2.22,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the analyst consensus of $2.16</a>.&nbsp;
Quarterly revenues of $5.784 billion missed&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38309993/genuine-parts-company-reports-first-quarter-2024-results-and-updates-full-year-outlook" rel="noreferrer noopener">the street view of $5.844 billion.</a>
Sales increased 0.3% year over year, which is attributable to a 1.9% benefit from acquisitions, offset by a 0.9% decrease in comparable sales and a 0.7% unfavorable impact of foreign currency and others.
Global Automotive sales were $3.6 billion, up 1.9% from the same period in 2023, while Industrial sales were $2.2 billion, down 2.2% year over year.
&#8220;In Automotive, the actions taken in our U.S. Automotive business are gaining traction, and we are encouraged by the sequential improvement in performance,&#8221; said Will Stengel, President and Chief Operating Officer.
The company generated cash flow from operations of $318 million for the first three months.
Genuine Parts ended the quarter with $2.5 billion in total liquidity, consisting of $1.5 billion availability on the revolving credit facility and $1.0 billion in cash and equivalents.
What&#8217;s Next?
Genuine Parts raised FY24 adjusted diluted EPS outlook to $9.80-$9.95 from&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$9.70-$9.90 (estimate: $9.78)</a>.
The company reaffirmed FY24 revenue growth of 3% to 5%.
Price Action:&nbsp;GPC shares are trading higher by 11.9% to $161.17 on the last check Thursday.

Guidance

General

Why Genuine Parts Shares Are Rising Today After Q1 Earnings

<h3>Companies Reporting Before The Bell</h3>
&bull; Addex Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) is estimated to report earnings for its fourth quarter.
&bull; Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $5.09 billion.
&bull; Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is likely to report quarterly earnings at $1.31 per share on revenue of $18.41 billion.
&bull; TH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THCH#NASDAQ">THCH</a>) is projected to report earnings for its fourth quarter.
&bull; Ohmyhome (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMH#NASDAQ">OMH</a>) is likely to report earnings for its Fiscal Year 2023.
&bull; Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) is likely to report quarterly loss at $0.97 per share on revenue of $2.13 billion.
&bull; Snap-on (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) is projected to report quarterly earnings at $4.65 per share on revenue of $1.20 billion.
&bull; Texas Capital Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBI#NASDAQ">TCBI</a>) is projected to report quarterly earnings at $0.61 per share on revenue of $253.42 million.
&bull; Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $4.55 billion.
&bull; Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) is expected to report quarterly earnings at $0.47 per share on revenue of $89.01 million.
&bull; Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) is estimated to report quarterly earnings at $0.41 per share on revenue of $1.98 billion.
&bull; Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) is estimated to report quarterly earnings at $2.16 per share on revenue of $5.84 billion.
&bull; Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) is likely to report quarterly earnings at $1.12 per share on revenue of $807.79 million.
&bull; KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $1.51 billion.
&bull; Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) is projected to report quarterly earnings at $10.49 per share on revenue of $42.62 billion.
&bull; Badger Meter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $182.26 million.
&bull; S&amp;T Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STBA#NASDAQ">STBA</a>) is expected to report quarterly earnings at $0.79 per share on revenue of $95.94 million.
&bull; ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) is likely to report quarterly earnings at $0.91 per share on revenue of $4.43 billion.
&bull; Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) is expected to report quarterly earnings at $0.98 per share on revenue of $2.53 billion.
&bull; Iridium Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $193.75 million.
&bull; Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $337.83 million.
&bull; OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) is projected to report quarterly earnings at $0.97 per share on revenue of $152.67 million.
&bull; Marsh &amp; McLennan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) is estimated to report quarterly earnings at $2.80 per share on revenue of $6.39 billion.
&bull; Home BancShares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOMB#NYSE">HOMB</a>) is expected to report quarterly earnings at $0.46 per share on revenue of $240.40 million.
&bull; Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) is projected to report quarterly earnings at $0.72 per share on revenue of $325.91 million.
&bull; D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is likely to report quarterly earnings at $3.06 per share on revenue of $8.28 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Hilltop Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTH#NYSE">HTH</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $109.71 million.
&bull; Five Point Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPH#NYSE">FPH</a>) is expected to report earnings for its first quarter.
&bull; Provident Finl Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFS#NYSE">PFS</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $92.95 million.
&bull; Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) is expected to report quarterly earnings at $1.67 per share on revenue of $697.64 million.
&bull; Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $174.77 million.
&bull; Banco Latinoamericano (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLX#NYSE">BLX</a>) is expected to report earnings for its first quarter.
&bull; Glacier Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBCI#NYSE">GBCI</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $171.99 million.
&bull; First Western Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYFW#NASDAQ">MYFW</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $22.97 million.
&bull; Alpine Income Prop Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINE#NYSE">PINE</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $11.63 million.
&bull; Metropolitan Bank Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>) is projected to report quarterly earnings at $1.34 per share on revenue of $64.56 million.
&bull; Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is likely to report quarterly earnings at $4.50 per share on revenue of $9.26 billion.
&bull; OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $87.72 million.
&bull; PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) is expected to report quarterly earnings at $1.86 per share on revenue of $4.43 billion.
&bull; SB Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFG#NASDAQ">SBFG</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $9.50 million.
&bull; Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) is estimated to report quarterly earnings at $1.41 per share on revenue of $1.87 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 18, 2024

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Genuine Parts Company shares are trading higher after the company reported a Q1 EPS beat and raised its FY24 guidance.

Genuine Parts Company Raises FY24 Adjusted Diluted EPS Outlook To $9.80-$9.95 From $9.70-$9.90 (Estimate: $9.78); Reaffirms Revenue Growth Of 3% To 5%

Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) reported quarterly earnings of $2.22 per share which beat the analyst consensus estimate of $2.16 by 2.78 percent. This is a 3.74 percent increase over earnings of $2.14 per share from the same period last year. The company reported quarterly sales of $5.78 billion which missed the analyst consensus estimate of $5.84 billion by 0.98 percent. This is a 0.31 percent increase over sales of $5.76 billion the same period last year.

Earnings Beats

Earnings Misses

Genuine Parts Q1 Adj $2.22 Beats $2.16 Estimate, Sales $5.78B Miss $5.84B Estimate

Evercore ISI Group analyst Greg Melich maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a In-Line and lowers the price target from $160 to $155.

Evercore ISI Group Maintains In-Line on Genuine Parts, Lowers Price Target to $155

Truist Securities analyst Scot Ciccarelli maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Buy and maintains $167 price target.

Truist Securities Maintains Buy on Genuine Parts, Maintains $167 Price Target

Truist Securities analyst Scot Ciccarelli maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Buy and raises the price target from $157 to $167.

Truist Securities Maintains Buy on Genuine Parts, Raises Price Target to $167

Evercore ISI Group analyst Greg Melich maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a In-Line and raises the price target from $155 to $160.

Evercore ISI Group Maintains In-Line on Genuine Parts, Raises Price Target to $160

Wedbush analyst Seth Basham reiterates Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Neutral and maintains $140 price target.

Wedbush Reiterates Neutral on Genuine Parts, Maintains $140 Price Target

Genuine Parts Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/n37153460/genuine-parts-company-reports-fourth-quarter-and-full-year-2023-results" rel="noreferrer noopener">trading lower on Thursday.</a>
The company reported fourth-quarter adjusted earnings per share of $2.26, beating the street view of $2.20. The company reported revenue of $5.586 billion, missing the consensus of $5.64 billion. Sales<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">&nbsp;rose 1.1% year over year.</a>
The company said sales improvement is attributable to a 2.0% benefit from acquisitions, 0.3% favorable impact of foreign currency, and others, partially offset by a 1.2% decrease in comparable sales.
Global Automotive sales were $3.5 billion, up 0.8% from the same period in 2022. Industrial sales were $2.1 billion, up 1.7% year over year.
The company generated cash flow from operations of $1.4 billion for the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">twelve months of 2023.&nbsp;</a>
The company ended the quarter and year with $2.6 billion in total liquidity, consisting of $1.5 billion availability on the revolving credit facility and $1.1 billion in cash and cash equivalents.
Dividend: The company approved an approximately 5% increase in its regular quarterly cash dividend for 2024.&nbsp;
The quarterly cash dividend of $1.00 per share is payable on April 1, 2024, to shareholders of record on March 1, 2024.
Restructuring Plans:&nbsp;The company is introducing a global restructuring, which will incur about $100 million to $200 million in non-recurring expenses. Through these efforts, the company expects to realize approximately $20 million to $40 million of savings in 2024 and roughly $45 million to $90 million on an annualized basis.
Outlook: For FY24, the company expects total sales growth of 3% to 5%, with adjusted EPS of $9.70 to $9.90 versus the $9.84 estimate.
Price Action:&nbsp;GPC shares are trading lower by 1.49% to $141.90 on the last check Thursday.

Dividends

Why Genuine Parts Shares Are Falling Today

Genuine Parts shares are trading lower after the company reported worse-than-expected Q4 revenue results.

<table border="0" cellpadding="1" cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Year Ended 12/31/2024
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Total sales growth
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
3% to 5%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Automotive sales growth
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2% to 4%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Industrial sales growth
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
3% to 5%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Diluted earnings per share
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$8.95 to $9.15
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted diluted earnings per share
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$9.70 to $9.90
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Effective tax rate
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Approx. 24%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net cash provided by operating activities
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$1.3 billion to $1.5 billion
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Free cash flow
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$800 million to $1 billion
</td>
</tr>
</tbody>
</table>

Genuine Parts Company FY24 Outlook: Adj. EPS $9.70-$9.90 Vs. $9.84 Estimate, Revenue Growth 3%-5%

Genuine Parts Company (GPC) Q1 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Genuine Parts (NYSE:<a href="https://investorplace.com/stock-quotes/gpc-stock-quote/">GPC</a>) just reported results for the first quarter of 2024.<ul><li>Genuine Parts reported earnings per share of $2.22. This was above the analyst estimate for EPS of $2.16.</li><li>The company reported revenue of $5.78 billion.</li><li>This was 0.96% worse than the analyst estimate for revenue of $5.84 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/gpc-stock-earnings-genuine-parts-for-q1-of-2024/">GPC Stock Earnings: Genuine Parts Beats EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

GPC Stock Earnings: Genuine Parts Beats EPS, Misses Revenue for Q1 2024

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If you&rsquo;re looking for reliability in a crazed market, jump into safer <a href="https://investorplace.com/stock-types/blue-chip-stocks/">blue-chip stocks</a>.



While they&rsquo;re not all the most exciting stocks on the market, they have proven themselves to be ultra-reliable in any economic environment.&nbsp;They all have proven business models, strong track records, sales, reputations and oftentimes, dividends to boot.&nbsp;That&rsquo;s because most offer products and services that millions of us use every day.&nbsp;



Even better, after a recent pullback in the broader markets, some of the top blue-chip stocks are on sale. Look at&nbsp;AT&amp;T&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/t-stock-quote/">T</a>), for example. After testing a high of $17.59, it pulled back to $16.33, where it caught support and is just starting to pivot higher. Plus, it&rsquo;s over-extended on RSI, MACD, and Williams&rsquo; %R, which tells us it&rsquo;s overdue to bounce. And while you wait for the AT&amp;T stock to recover, you can collect its yield of 6.8%.



Here are seven more top blue-chip stocks to buy and hold today.



<h2>Nike (NKE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/nke-stock-1-300x169.jpg" alt="A stack of red Nike (NKE) shoe boxes."><div>Source: mimohe / Shutterstock.com</div></div>Over the last few weeks, shares of Nike (NYSE:<a href="https://investorplace.com/stock-quotes/nke-stock-quote/">NKE</a>) gapped from about $100 to a low of $88.80. However, it&rsquo;s starting to pivot higher, and could soon refill that gap at around $100. Helping,&nbsp;Bank of America analysts <a href="https://www.investopedia.com/nike-stock-rises-following-upgrade-from-bank-of-america-8630125#:~:text=Nike%20(NKE)%20shares%20rose%203.4,target%20to%20%24113%20from%20%24110.">just upgraded the NKE stock</a>&nbsp;to a buy rating with a price target of $113. The firm argues NKE has a newer line up of footwear and apparel products. Plus, the upcoming Olympics should have a positive impact on the stock, too.



JPMorgan also <a href="https://www.marketscreener.com/quote/stock/NIKE-INC-13739/news/NIKE-INC-JP-Morgan-reiterates-its-Buy-rating-46261519/">reiterated its overweight rating</a> on the stock&nbsp;with a price target of $164. The firm pointed to Nike&rsquo;s improvement in China. In addition, Morgan Stanley says retailers are seeing improving sequential demand trends for athletic apparel.



Better, earnings negativity has been priced into the stock. Investors weren&rsquo;t too enthused when the company said growth was near zero, or that management expected for revenue to pull back in the first half of fiscal 2025, which starts in June. But again, that appears to be priced in.



<h2>Realty Income (O)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/realty1600-300x169.jpg" alt="realty income logo highlighted by a magnifying glass on a web browser"><div>Source: Shutterstock</div></div>There&rsquo;s also &ldquo;The Monthly Dividend Company,&rdquo;&nbsp;Realty Income (NYSE:<a href="https://investorplace.com/stock-quotes/o-stock-quote/">O</a>). 



With a yield of 5.93%, the real estate investment trust (REIT) is also a buy on weakness. In fact, after slipping from $54.39 to $50.65, it&rsquo;s now starting to pivot higher again. Better, while we wait for it to recover, we can collect its monthly dividend. Its latest one for 25.7 cents is payable on May 15 to shareholders of record as of May 1. This is the company&rsquo;s 646th consecutive monthly dividend with many more on the way.



Realty Income has been around for more than 50 years now. It has 13,100 properties, and it&rsquo;s still seeing strong demand with an occupancy rate of 99%.&nbsp;



Some of its top tenants include&nbsp;Dollar General (NYSE:<a href="https://investorplace.com/stock-quotes/dg-stock-quote/">DG</a>), Walgreen&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/wba-stock-quote/">WBA</a>), Dollar Tree (NASDAQ:<a href="https://investorplace.com/stock-quotes/dltr-stock-quote/">DLTR</a>), FedEx (NYSE:<a href="https://investorplace.com/stock-quotes/fdx-stock-quote/">FDX</a>), BJ&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/bj-stock-quote/">BJ</a>), CVS (NYSE:<a href="https://investorplace.com/stock-quotes/cvs-stock-quote/">CVS</a>), Walmart&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/">WMT</a>) and Lowe&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/low-stock-quote/">LOW</a>) to name just a few. It&rsquo;s definitely one of the top blue-chip stocks to buy and hold for the long haul.



<h2>Fidelity Blue Chip Growth ETF (FBCG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/fidelity-1600-300x169.jpg" alt="Fidelity sign"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Or, if you want to diversify at low cost with blue-chip stocks, there&rsquo;s always an exchange-traded fund, such as the Fidelity Blue Chip Growth ETF (CBOE:<a href="https://investorplace.com/stock-quotes/fbcg-stock-quote/">FBCG</a>).



With an expense ratio of 0.59%, the ETF &ldquo;focuses on companies we believe have above-average earnings growth potential with sustainable business models, for which the market has mispriced the rate and/or durability of growth,&rdquo; as noted by Fidelity.&nbsp;



Top holdings include&nbsp;Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>), Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>), Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>), Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>), and Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) to name a few.



Even more impressive, since bottoming out at around $27 in late October, the ETF hit a high of about $39. It just recently pulled back with the broader market to $36.84. Now oversold on RSI, MACD, and Williams&rsquo; %R, that weakness is an opportunity. From its current price of $36.84, I&rsquo;d like to see the ETF challenge $40 a share initially.&nbsp;



What&rsquo;s nice about an ETF like this one is we can diversify with top blue-chip stocks. All for less than $37 a share at the moment.



<h2>Vanguard Dividend Appreciation Index Fund (VIG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/vanguard1600-1-300x169.jpg" alt="vanguard website displayed on a mobile phone screen representing vanguard etfs"><div>Source: Shutterstock</div></div>Another hot blue-chip ETF to consider is the Vanguard Dividend Appreciation Index Fund (NYSEARCA:<a href="https://investorplace.com/stock-quotes/vig-stock-quote/">VIG</a>).



With an expense ratio of 0.06%, the VIG ETF currently yields 1.76%. its last payout of 76.92 cents was paid on March 27. The next one should be out by June. It also holds 340 stocks, including Microsoft, Apple, Broadcom (NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/">AVGO</a>),&nbsp;Exxon Mobil (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/">XOM</a>), Visa (NYSE:<a href="https://investorplace.com/stock-quotes/v-stock-quote/">V</a>), MasterCard&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/ma-stock-quote/">MA</a>), and&nbsp;Home Depot&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/hd-stock-quote/">HD</a>). All in its effort to track the performance of the S&amp;P U.S. Dividend Growers Index.



Since bottoming out at around $150, the VIG ETF ran to a high of $183.02. Since then, it has dipped to $173.63, where it&rsquo;s over-extended on RSI, MACD, and Williams&rsquo; %R. From its last traded price, I&rsquo;d like to see it initially retest $182.07 and head to $200 near term.



What&rsquo;s nice about this ETF is we can gain exposure to 340 of the world&rsquo;s top stocks. All for less than $175 a share at the moment. Plus, we can collect its yield as it appreciates.



<h2>Procter &amp; Gamble (PG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/shutterstock_1073950868-300x169.png" alt="Procter &amp; Gamble Union Distribution Center. P&amp;G is an American Multinational Consumer Goods Company"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>We can also look at&nbsp;Procter &amp; Gamble&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/pg-stock-quote/">PG</a>), which we&rsquo;re all familiar with.



With a yield of 2.56%, the consumer goods company is also a buy on recent weakness. After pulling back from about $160, it&rsquo;s now technically oversold at $157.29. It&rsquo;s also over-extended on RSI, MACD, and Williams&rsquo; %R and is just starting to pivot higher. Initially, I&rsquo;d like to see the PG stock retest its prior high and push to at least $170 near term.



It also just raised its&nbsp;<a href="https://finance.yahoo.com/news/p-g-declares-dividend-increase-201500039.html">quarterly dividend to $1.0065</a>, a 7% jump from its prior dividend of 94.07 cents. It&rsquo;s payable on May 15 to shareholders of record as of April 19.



Helping,&nbsp;Barclays <a href="https://markets.businessinsider.com/news/stocks/barclays-sticks-to-its-buy-rating-for-procter-gamble-pg-1033243823">just reiterated a buy rating</a> on the PG&nbsp;stock with a price target of $168. Analysts at Deutsche Bank also raised their price target to $172 with a buy rating. The firm says &ldquo;year-to-date consumption trends for Procter remain solid in tracked channels. The firm sees little risk to near-term earnings numbers given the company&rsquo;s ongoing productivity momentum and relative cost favorability,&rdquo;&nbsp;<a href="https://thefly.com/news.php?symbol=PG">as noted by TheFly.com</a>.



<h2>Genuine Parts (GPC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/auto-stocks-1600-300x169.jpg" alt="An angled side view of a row of parked cars. automotive stock picks"><div>Source: lumen-digital / Shutterstock.com</div></div>The last time I mentioned&nbsp;Genuine Parts (NYSE:<a href="https://investorplace.com/stock-quotes/gpc-stock-quote/">GPC</a>), it traded at $135 on Nov. 17. 



<a href="https://investorplace.com/2023/11/3-blue-chip-stocks-you-can-snag-at-an-all-time-low/">At the time, I noted</a>, &ldquo;Use the weakness as an opportunity. While we wait for the eventual recovery here, we can collect its 2.76% yield. We can profit from capital appreciation, and get paid to wait.&rdquo; Just a few months later, GPC is now up to $160.23 and could see higher highs.



Now yielding 2.5%, the stock rocketed 11.2% higher on Thursday after raising its fiscal year 2024 profit guidance. For the year, it expected to post EPS of $8.95 to $9.15. Now it expects to post EPS of $9.05 to $.9.20, which boosted investor confidence.&nbsp;



Even better, its dividend &ndash; which has been increased consistently for 67 years &ndash; is safe. In the first three months of 2024,&nbsp;<a href="https://www.genpt.com/2024-04-18-Genuine-Parts-Company-Reports-First-Quarter-2024-Results-and-Updates-Full-Year-Outlook">the company said it</a>&nbsp;&ldquo;used&nbsp;$175 million&nbsp;in cash for financing activities, including&nbsp;$133 million&nbsp;for quarterly dividends paid to shareholders and&nbsp;$38 million&nbsp;for stock repurchases. Free cash flow was&nbsp;$203 million.&rdquo;



<h2>Coca-Cola (KO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/coke-stock-1-300x169.jpg" alt="The website for Coca-Cola Consolidated (COKE) displayed on a smartphone screen."><div>Source: IgorGolovniov / Shutterstock.com</div></div>Coca-Cola&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/ko-stock-quote/">KO</a>) looks good on weakness, too.



After dropping to $58.18 from $61, it&rsquo;s now oversold on RSI, MACD and Williams&rsquo; %R. But it is starting to bounce back fast. From its last traded price of $58.91, I&rsquo;d like to see it retest $61. Better, while we wait for it to recover, we can collect its yield of about 3.3%. Its latest dividend of 48.5 cents was recently paid out on April 1. Annualized, it&rsquo;s $1.94 and is the company&rsquo;s 62nd consecutive annual dividend increase.&nbsp;



Plus, &ldquo;The company returned $8 billion in dividends to shareowners in 2023, bringing the total amount of dividends paid to shareowners since Jan. 1, 2010, to $84.7 billion,&rdquo;&nbsp;<a href="https://investors.coca-colacompany.com/news-events/press-releases/detail/1102/board-of-directors-of-the-coca-cola-company-approves-62nd#:~:text=The%20company%20returned%20%248%20billion,%2C%202010%2C%20to%20%2484.7%20billion.&amp;text=The%20Coca%2DCola%20Company%20(NYSE,than%20200%20countries%20and%20territories.">as noted in a recent press release</a>. Helping, analysts at Barclays just raised their price target on KO to $68 with an overweight rating. All as the company continues to grow its revenue, as the global soft drink market continues to explode.



On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/put-50000-in-these-7-blue-chip-stocks-today/">Put $5,000 in These 7 Blue-Chip Stocks Today</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Put $5,000 in These 7 Blue-Chip Stocks Today

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Investing legend Peter Lynch, who managed the flagship Magellan Fund for Fidelity Investments,&nbsp;encouraged individuals to beat Wall Street by buying stocks that they saw <a href="https://magazine.wharton.upenn.edu/issues/anniversary-issue/stock-superstar-who-beat-the-street-peter-s-lynch-wg68/">doing well on Main Street</a>.



From 1977 to 1990, when Lynch managed the Magellan Fund, it <a href="https://en.wikipedia.org/wiki/Peter_Lynch#cite_note-3">posted a 29.2% annual return</a>. Clearly something worked. 



Now, inspired by the investing legend, I have picked three companies that I have personal experience with to recommend. Check out my Peter Lynch stocks below.



<h2>Genuine Parts (GPC)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/gpc1600-300x169.jpg" alt="Hands holding a smartphone with the Genuine Parts (GPC) logo displayed. "><div>Source: Piotr Swat / Shutterstock.com</div></div>You would never know that I am a car enthusiast by what I drive. But my car has over 150,000 miles and is still going strong. Much of the thanks for that goes to Genuine Parts (NYSE:<a href="https://investorplace.com/stock-quotes/gpc-stock-quote/">GPC</a>). 



That is the story for more and more as <a href="https://www.cnbc.com/2023/05/15/americans-are-keeping-their-cars-longer-amid-rising-interest-rates.html">Americans are keeping their cars longer</a>.&nbsp;A big part of making that happen is routine maintenance, and a big part of routine maintenance is replacing parts when needed. 



Your money should always work for&nbsp;you when you invest, and an obvious&nbsp;way&nbsp;is receiving a dividend check in the mail.&nbsp;Genuine Parts is also a Dividend Aristocrat, which means it is a member of the S&amp;P 500 and has increased its dividend annually for at least the last 25 years.&nbsp;With a beta of 0.97x, Genuine Parts is also good for writing call or put options to make more money. Most options are not exercised and Genuine Parts does not swing much in price, so this is a nice way to make more from your holdings.&nbsp;



With the beta, volume of 1 million shares daily, and dividend history, this stock is also good for dividend-capture trading.



<h2>McDonald&rsquo;s (MCD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/mcd1600-1-300x169.png" alt="New McDonalds Being Built in 2020, Close Up of Main McD Sign"><div>Source: Retail Photographer / Shutterstock.com</div></div>I have never had a cup of coffee in my life.&nbsp;But I do get a Coca-Cola (NYSE:<a href="https://investorplace.com/stock-quotes/ko-stock-quote/">KO</a>) from McDonald&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/mcd-stock-quote/">MCD</a>) every morning. Why?&nbsp; Because it is <a href="https://www.rd.com/article/mcdonalds-coke/">written to be the best</a> and, most important of all, it tastes that way to me!&nbsp; 



Many times there are lines at McDonald&rsquo;s of those ordering coffee in the morning when I get my Coca-Cola.&nbsp;The fast-food chain appeals to everyone.&nbsp;Little kids love the Happy Meals and old timers hang out there enjoying the senior coffee.&nbsp;



Investors in McDonald&rsquo;s enjoy some tasty margins,&nbsp;too. I like big profits, and the profit margin for McDonald&rsquo;s <a href="https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/profit-margins">is over 33%</a>.&nbsp;The operating margin is over 45% and the gross margin is over 55%. Sales and earnings are up and the 2.4% dividend yield is almost twice the S&amp;P 500 average of 1.35%. 



With a below-average beta of 0.71x, volume of 3.3 million shares daily, and dividend history, McDonald&rsquo;s is also suitable for dividend-capture trading.



<h2>Walmart (WMT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/wm-stock-10-300x169.jpg" alt="Image of Walmart (WMT) logo on Walmart store with clear blue sky in the background"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>As a standup comic, I can tell you there are many who do jokes about Walmart (NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/">WMT</a>).&nbsp;There is nothing to make fun of the biggest retailer about as an investment, though.&nbsp; 



I don&rsquo;t make fun of Walmart when I do comedy as it always has the protein shakes I need and the biscuits my dogs prefer. I know that Walmart will have them, and I always end up buying more stuff while I am there, too.&nbsp;This business model works as Walmart, the world&rsquo;s largest retailer, is expanding even more by going after new customers (<a href="https://www.bloomberg.com/news/articles/2024-03-21/walmart-wmt-targets-wealthier-shoppers-with-high-end-products">more affluent</a>) and building <a href="https://www.nytimes.com/2024/01/31/business/walmart-stores-expansion.html#:~:text=The%20retail%20giant%2C%20which%20last,stores%20would%20be%20newly%20built.&amp;text=Walmart%20will%20add%20150%20stores,drive%20for%20the%20retail%20giant.">150 new stores</a>.&nbsp;With a low beta of 0.49x, high volume of 19.1 million shares daily, and dividend, history this is also good for dividend-capture trading. On the date of publication, Jonathan Yates did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.&nbsp;
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The post <a href="https://investorplace.com/2024/04/main-streets-next-winners-3-stocks-im-bullish-on-using-the-peter-lynch-approach/">Main Street's Next Winners? 3 Stocks I'm Bullish on Using the Peter Lynch Approach.</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Main Street's Next Winners? 3 Stocks I'm Bullish on Using the Peter Lynch Approach.

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
&#8203;&#8203;&#8203;Inflation is here to stay. While down from the historically high levels hit over the past year or so, inflation rates remain elevated and are wearing on the economy. U.S. business activity <a href="https://www.reuters.com/markets/us/us-business-activity-cools-april-inflation-measures-mixed-2024-04-23/">slowed to a four-month low</a> this month, which has worried the Federal Reserve.



It was looking to cut interest rates at least three times this year, possibly as many as six times, but now it&rsquo;s not sure it will even do it once. Fed Chairman Jay Powell recently said he had no &ldquo;confidence&rdquo; that inflation would head in the right direction, and there has even been talk of raising rates again to temper inflation&rsquo;s growth.



Inflation is insidious to consumers as it erodes their spending power. The same dollars buy less at the store. And it is all because of government spending with no politician exhibiting the will to rein it in.&nbsp;



And yes, some businesses can thrive in a high-inflation environment. Their operations can profit because of the damage it causes to businesses and consumers. Below are two inflation stocks that should do well as high rates persist. There is also one stock that is most at risk.



<h2>Iamgold (IAG)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/05/goldminersmsn-300x165.jpg" alt="gold stock"><div>Source: Shutterstock</div></div>As inflation makes a new move higher, the price of an ounce of gold sits near all-time record highs. It is unsurprising to see miners like Iamgold (NYSE:<a href="https://investorplace.com/stock-quotes/iag-stock-quote/">IAG</a>) benefitting. The stock is up 45% year to date, and there is potential for shares to grow even more.



Although costs are rising, profit margins should rise more, especially now that Iamgold had its <a href="https://www.sec.gov/Archives/edgar/data/1203464/000106299324007470/exhibit99-1.htm">first pour from Cote Gold</a>. All-in sustaining costs (AISC) grew to $1,762 per ounce sold in 2023 from $1,582 per ounce sold the year before, an 11% increase, but Cote Gold should dramatically lower them.



Cote Gold is a new mine that Iamgold has been developing, and management believes it could be the third-largest gold mine in Canada. The miner says once the project <a href="https://www.sec.gov/Archives/edgar/data/1203464/000106299324008099/exhibit99-1.htm#page_55">achieves 90% of throughput</a>, which it expects will happen by the end of 2024, it estimates its cash costs at that time will be in the range of approximately $700 to $800 per ounce sold and AISC of $1,100 to $1,200 per ounce sold. That will significantly lower Iamgold&rsquo;s overall AISC.



With stubborn inflation, gold will remain elevated, and miners like Iamgold will profit.



<h2>Genuine Parts (GPC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/gpc1600-300x169.jpg" alt="Hands holding a smartphone with the Genuine Parts (GPC) logo displayed."><div>Source: Piotr Swat / Shutterstock.com</div></div>Inflation has made the cost of a new car prohibitively expensive. Used cars are no longer a bargain either. That&rsquo;s why aftermarket auto parts retailers like Genuine Parts (NYSE:<a href="https://investorplace.com/stock-quotes/gpc-stock-quote/">GPC</a>) shine in this environment.



According to Cox Automotive, the cost of a new car in April is $47,244 on average. While that&rsquo;s down 2% from last year, it is significantly above their pre-pandemic level. Used car prices are also rising again in 2024, hitting $26,969. That&rsquo;s down 4% from last year, but they are closing in again on the record highs hit in 2022.



It is why Genuine Parts is thriving. Car owners want to keep their existing cars on the road longer. The owner of the NAPA Auto Parts retail chain reported $5.8 billion in first-quarter revenue and beat expectations on the bottom line with earnings of $1.78 per share. That had management <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/40987/000004098724000066/gpc-20240418.htm">boosting its full-year profit guidance</a> to $9.80 to $9.95 per share, a 1% increase from its previous outlook at the midpoint.



That might not seem like much, but Genuine Parts is a mature company that will not have wild swings. It also pays a dividend that yields 2.4% annually. It has <a href="https://www.prnewswire.com/news-releases/genuine-parts-company-reports-fourth-quarter-and-full-year-2023-results-302062441.html#:~:text=GPC's%20Board%20of%20Directors%20approved,%243.80%20per%20share%20in%202023.">paid a dividend</a> ever since going public in 1948 and has raised the payout for 68 consecutive years.



<h2>Chipotle Mexican Grill (CMG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/cmg1600-300x169.png" alt="Chipotle - Sign on building, CMG stock"><div>Source: Retail Photographer / Shutterstock.com</div></div>Restaurants are one industry most at risk from inflation because the cost of dining out becomes uneconomical compared to eating at home. Despite rampant inflation, Chipotle Mexican Grill (NYSE:<a href="https://investorplace.com/stock-quotes/cmg-stock-quote/">CMG</a>) has been a standout performer over the past few years. Yet persistence in higher prices, which could also lead to a deferral in interest rate cuts by the Federal Reserve, could eventually take a toll.



Chipotle&rsquo;s armor has been its <a href="https://investorplace.com/2024/03/1000-club-3-high-priced-stocks-worth-every-penny/">value proposition for a differentiated menu</a>. The fast-casual chain offers consumers something different (and better) for their money, but when consumers feel pinched more for longer, they will start cutting back. That extra meal picked up through at a Chipotlane drive-thru window can easily be cut out.



Because the Mexican food chain&rsquo;s stock has quadrupled in value over the last five years, it has the furthest to fall. CMG stock is up 66% since its low point last October, but shares could quickly retrace that route.



On the date of publication, Rich Duprey held a LONG position in GPC stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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Press Releases

Genuine Parts Company Releases 2023 Sustainability Report

Genuine Parts Company to Present at the Gabelli Funds 47th Annual Auto Symposium

Gabelli Funds 47th Annual Auto Symposium October 30th and October 31st

Genuine Parts Company Declares Regular Quarterly Dividend

Genuine Parts Company to Report Fourth Quarter 2023 Results on February 15, 2024

Genuine Parts Company Reports Fourth Quarter and Full-Year 2023 Results

Genuine Parts Company to Participate in Upcoming Investor Conferences

Genuine Parts Company Announces Officer Promotion

Genuine Parts Company to Report First Quarter 2024 Results on April 18, 2024

Genuine Parts Company Reports First Quarter 2024 Results and Updates Full-Year Outlook