Stock Of The Day: Why Is Advance Auto Rallying On A Loss?

The action in Advance Auto Parts, Inc. AAP has some investors and traders confused. The company released its earnings report Thursday and it was well short of estimates.But the shares are trading higher. This is why it is our Stock of the Day.The company reported a loss of four cents per share. This was well below the Street's estimates of a profit of 49 cents. The revenue was also well short of estimates. It came in at $2.15 billion. Analysts were looking for $2.65 billion.But sometimes the headlines don't ...