Advance Auto Parts, headquartered in Raleigh, North Carolina, supplies aftermarket automotive products through approximately 4,785 stores and 320 branches, employing 40,000 people. The company went public on November 29, 2001.
AAP has been in the news recently: Morgan Stanley upgraded Snowflake to overweight due to its strong growth potential, expecting over 20% CAGR through 2030. Meanwhile, U.S. stock futures, including Nasdaq, rose around 1%, and Carnival's shares increased nearly 7% after reporting better-than-expected earnings and revenue.
📡️ Consumer Discretionary
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