Ever needed a car for a short period of time? Car rental company Avis Budget Group Inc (NASDAQ: CAR) makes it known they specialize in cars.Avis Budget Group was actually part of a larger, now-defunct company called Cendant. The company split into different segments, and the automobile rental segment consisted of Avis and Budget. The two now exist as Avis Budget Group.Unbeknownst to most, the Cendant spin-off resulted in a couple of other well-known companies. Its hotel franchises spun-off into Wyndham Destinations (NASDAQ: WYND) and its real estate franchise spun-off into Realogy (NASDAQ: RLGY).Car rental companies have recently come under financial difficulties as rentals drop due to the coronavirus pandemic. Hertz (NYSE: HTZ) filed for bankruptcy after months of speculation.Related Links:The Story Behind The Ticker: The Cheesecake FactoryThe Story Behind The Ticker: Constellation BrandsPhoto credit: Raysonho @ Open Grid Scheduler / Grid Engine, via WikimediaSee more from Benzinga * 10 Stocks Moving In Thursday’s After-Hours Session * 5 Stocks Moving In Wednesday’s After-Hours Session * 8 Stocks Moving In Thursday’s After-Hours Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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We’ve had more good news in the stock markets this week, lending credence to the view that recent gains are more than just a ‘bear market rally.’ Markets are up their recent trough, reached on March 23, and the gains appear to be both substantial and lasting.Investment bank Morgan Stanley has been tracking the markets closely, watching for evidence that the true bottom has been reached. The bank’s US chief equity strategist, Mike Wilson, believes that it has. He points out the “unprecedented and unbridled monetary and fiscal intervention led by the U.S.” and goes on to add that, with stock valuations at their most attractive since 2011, “we stick to our recent view that the worst is behind us…”Wilson believes that bear markets, with their low prices, typically end in recessions. The risk/reward ratio grows more favorable in an environment of low prices and high upside potentials. In addition, Wilson adds that today’s market levels should make a good entry point for traders seeking 6- to 12-month investment horizons.Morgan Stanley’s analysts aren’t just taking the macro view, however helpful that may be to investors. Recent stock reviews from the bank’s research teams have pointed out particular stocks for investors to note. Some are buying moves; others are must-to-avoid.We’ve pulled up three of Morgan Stanley’s recent calls, and run them through the TipRanks database. It turns out that two of the bank’s bullish picks have received significant support from other members of the Street. That being said, one name stands out as being an investment to avoid, falling out of favor with Morgan Stanley as well as the broader analyst community.O’Reilly Automotive (ORLY)Consumer automotive has always been a profitable niche in the USA; you have to expect that from the country that brought us the Motor City, the Mustang, and the Camaro. The company dates back to 1957, and has been providing aftermarket accessories, equipment, parts, supplies, and tools to both professional and DIY customers ever since.The lockdown and quarantine regimes put in place to contain the spread of coronavirus have shut down many businesses – and also boosted do-it-yourselfers. With garages closed, home auto maintenance is rising, and customers are looking for tools, supplies, and advice. O’Reilly provides all of that – and the stock has outperformed the overall markets in recent weeks, losing 14% in the same time that the S&P 500 has slipped 21%.Morgan Stanley’s Simeon Gutman, reviewing O’Reilly shares, sees the DIY auto sector as a solid position to take in advance of an economic recovery. Gutman writes, “DIY Auto has long behaved counter-cyclically as a weak economy depresses new car sales, which results in an aging of the car fleet and period of outsized same store sales.”Gutman believes ORLY is due for better times, noting, “We view ORLY as a best-in-class operator in a fundamentally healthy sub-sector of Retail. Near-term COVID-19 disruption is a risk, but we think the stock’s recent selloff is overdone and presents a compelling buying opportunity with a valuation discount
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When you receive your quote we offer services that allow you to transport goods in your vehicles on all our transit routes. On occasions this increases the price dramatically, and may be the reason you do not choose to use the services of Auto-Logistics.
As an alternative consider moving your packaged items with our freight division and sending the vehicle empty with the car transport division. It could save you a lot of money and will usually be quicker.
For a quote to move your items simply email the quantitiy of packaged items, their weight and dimensions (LxWxH in cm’s) to firstname.lastname@example.org and will provide a quote.
Empty cars generally get through our transport system without delays as we have many more trucks available to carry these cars. Cars with goods inside are transported on a dedicated fleet that is smaller and it may slow down transpotation of your vehicle, especially on the longer trips.
In the coming months we will be offering mini storge containers delivered to your door for you to fill with your items and transport seperately from your vehicle – saving time and money and offering peace of mind security for your items.
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Just 10 S&P 500 stocks were trading higher on Monday, as benchmark indexes sold off in response to an oil price war between Russia and Saudi Arabia. The biggest gainer was Cabot Oil & Gas Corp. after Cowen analysts said the ” best-in-class gassy name” should be favored in the current selloff. The stock was up 11.4% in morning trade. Three car parts makers were higher, after Credit Suisse said that sector had the least exposure to supply chain disruption in China, given “slow turns, and adequate inventory position currently. Biggest risk seems to be late Spring shipments, and some seasonal categories within that,” analysts wrote in a Monday note. “Bigger concerns would be demand recently, but stocks seem to be reflecting concerns, having lagged in recent months.’ AutoZone Inc. stock was up 3%, O’Reilly Automotive Inc. was up 2.6% and Advance Auto Parts Inc. was up 1.2%. The other gainers were Walmart Inc. , up 2%, Dollar Tree Inc. , up 1.4%, Twitter Inc. , up 1%, H&R Block Inc. , up 1%, Clorox Co. , up 0.9% and Dollar General Corp. , up 0.7%.
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