Oppenheimer analyst Brian Nagel lowered his price target for AutoZone (AZO) to $610 from $900 but reiterated an Outperform rating on the shares. While the inroads of Amazon (AMZN) and other online-only players might have contributed somewhat to top-line weakness at traditional chains lately, the analyst believes a confluence of unfavorable, largely cyclical factors appears to represent the primary culprit behind a recent shift lower in comp sales.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Shares of Instacart (CART) are underperforming on Tuesday after Amazon (AMZN) announced its own grocery-delivery service, ramping up competition in an already crowded market. Commenting on the... To see the rest of the story go to thefly.com. See Story Here

Gordon Haskett notes that Amazon (AMZN) has announced a low-cost grocery delivery subscription program for EBT users as well as Prime members. The news has hit Hold-rated Instacart (CART) particularly hard, with shares down as much as 7% on Tuesday, which the firm believes is "a bit overdone" - but not enough for Gordon Haskett to turn bullish as it thinks investors have long thought of Amazon as a fierce competitor and expected it to take share from Instacart over the long run. Additionally, it's worth noting that Instacart has a deep roster of grocery stores on its platform and has been accepting EBT payments since 2020, the firm adds.

Meta Platforms (META), the parent company of Facebook, Instagram, WhatsApp, Oculus, Threads and other brands, is scheduled to report first quarter 2024 results after market close on Wednesday, April 24 with a conference call scheduled for 5 pm ET. Here's what to... To see the rest of the story go to thefly.com. See Story Here

In a post to its website, Amazon staff said, "Later this year, Amazon customers in the West Valley Phoenix Metro Area can receive Prime Air drone deliveries from our Tolleson, AZ Same-Day Delivery site. Since starting drone delivery in College Station, Texas and Lockeford, California in 2022, we've delivered thousands of items to customers in less than an hour. Last year we also began delivering prescription medications in partnership with Amazon Pharmacy to customers in College Station. We've received great feedback from customers and communities as we've rolled out the service. We're now adding a new location and entering into the next stage of the program's evolution. Later this year, drone deliveries are coming to the West Valley of the Phoenix Metro Area in Arizona...As we look to the future and prioritize our resources to continue growing the program, we've also made the decision to close our delivery site in Lockeford. We'll offer all current employees opportunities at other sites, and will continue to serve customers in Lockeford with other delivery methods. We want to thank the community for all their support and feedback over the past few years. We'll continue delivering in College Station, Texas and will open further U.S. locations in 2025." Reference Link