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Bloomberg Podcasts · AutoZone Shares Slide; Ferrari Falls; Lilly to Buy Three Vaccine Developers | Stock Movers
- 1. AutoZone's stock fell 5% despite better-than-expected third-quarter sales, primarily due to disappointing international growth and analyst concerns.
- 2. An analyst suggested that AutoZone opening more "mega hub" stores could improve inventory availability and accelerate delivery to customers.
- 3. The average age of a passenger car in the United States is 14 years old, implying a consistent market for auto parts.
- 4. Ferrari's stock declined over 3% after its first fully electric vehicle, the "Ferrari Luce," was criticized for a generic design that lacked brand distinctiveness.
- 5. Eli Lilly is re-entering the infectious disease market by acquiring three privately held vaccine developers for up to $4 billion.