Blue Chip Stock #3 -
AutoZone (AZO; +390%)
AutoZone (AZO) operates approximately 4,100 stores in the U.S. and Puerto Rico. As auto sales have plummeted dramatically, more people are relying on aging vehicles to get around. The result is a huge increase in demand for parts and maintenance — and huge sales for Autozone.
AZO stock leaped almost 400% in the past decade and is in for a nice run in 2010 as new vehicle sales remain sluggish and auto parts are in high demand.
- Poll of the Day