Why Genuine Parts Stock Jumped Today

Investor confidence is rebounding for this reliable dividend stock.Shares of automotive and industrials parts maker Genuine Parts (GPC 12.66%) jumped on Thursday even though it's normally a sleepy stock. The company reported financial results for the first quarter of 2024 and raised its full-year profit guidance, which is why Genuine Parts stock was up 12% as of 11 a.m. ET.Investor confidence is on the riseIn Q1, Genuine Parts' sales increased by less than 1% to $5.8 billion and its earnings per share (EPS) ...