Many of you know of my fondness for being short auto retailers. This really paid off last month when the following firms fell to pieces.
O'Reilly Automotive (NASDAQ:ORLY)
AutoZone (NYSE:AZO)
I think they have much farther to go. I’m hanging on to all my shorts.
But the real victory today is Advance Auto Parts, which had crummy earnings and guidance. It’s down almost 30%.