Friday, March 29, 2024
Homemad moneyCramer: Auto parts stocks like O'Reilly wrongly sold off and are buys

Cramer: Auto parts stocks like O’Reilly wrongly sold off and are buys

  • "Mad Money" host Jim Cramer tracked the recent weakness in three auto parts stocks and argued that the market overreacted to their shortfalls.
  • O'Reilly Automotive, Advance Auto Parts and AutoZone all sold off earlier this year on worries that Amazon would disrupt their industry.
  • But after a recent wave of positive earnings results, Cramer said the stocks could be picking up speed.

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