Note that I have failed to mention AutoZone (NYSE:AZO), a widely-followed auto parts concern.
Autozone (AZO) reported better than expected earnings for its fourth quarter, though missed revenue estimates.
Elsewhere on Wall Street, traders are ramping up their bearish bets on AZO.
The relative performance has been declining since early June (line d), because AZO has not been participating in the rally.
One company that looks terrible on this metric, one that analysts also seem to love, is AutoZone (NYSE: AZO).
FORBES: If Hewlett-Packard Looks Bad, AutoZone Looks A Lot Worse
Then there is Autozone (AZO) , the large chain of auto-parts stores.
Likewise, short interest on the retailer rose by 25.5% over the past month, with more and more traders betting on AZO to backpedal.
There is some leadership too in some of the defensive groups, the auto replacement-part stocks, AutoZone ( AZO) and Monro Muffler ( MNRO) to name two.
Among the largest underlying components of SPLV, in trading today Autozone ( NYSE: AZO) is up about 0.5%, Target Corporation ( NYSE: TGT) is up about 0.5%, and Genuine Parts Company ( NYSE: GPC) is up by about 1%.
Among the largest underlying components of SPLV, in trading today AutoZone, Inc. ( NYSE: AZO) is up about 0.4%, Dollar Tree, Inc. ( NASD: DLTR) is up about 0.6%, and Target Corp ( NYSE: TGT) is lower by about 0.1%.
Among the largest underlying components of SPLV, in trading today Autozone Incorporated ( NYSE: AZO) is up about 0.6%, Oreilly Automotive Incorporated ( NASD: ORLY) is up about 1%, and Yum Brands Incorporated ( NYSE: YUM) is higher by about 1.1%.
FORBES: Low Volatility Craved After The Rough Ride In August
All of these companies pay silent dividends averaging at least 5% annually: Amgen ( AMGN, 52) , AutoZone ( AZO, 213) , Directv (DTV, 38) , Dollar Tree (DLTR, 45) , Laboratory Corp. of America (LH, 76) and Waters (WAT, 63) .
In 2004, software vendor The SCO Group (nasdaq: SCOX - news - people ) sued Linux user AutoZone (nyse: AZO - news - people ) for what it claims are violations of its intellectual property--a case that hasn't yet been resolved.
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