So, O'Reilly Automotive, AutoZone,

Genuine Parts, Advance Auto Parts. These

are the companies that

you see them if you go in as a consumer

I want to buy some Prestone antifreeze

and wiper blades or a new battery.

But, a majority of that industry

actually goes through professionals. So,

in other words, I go to my garage and

the mechanic says, "Greg, you need new

brakes."

And they'll call up O'Reilly, get the

brakes, and then get me my car back

later in the day.

>> Okay, so why have these stocks done

poorly this

>> I think basically they had a great year

last year.

>> Okay.

>> They were seen as a very good tariff

protected company. So, right. So, as

tariffs came in across all different

categories, including new cars, that has

only extended the age that the existing

vehicle fleet has is is up to now 13

years old. So, a lot of people said,

"Well, if my new car is going to cost

more and I've got a perfectly good

operating old car, why don't I just fix

it up and make it run for another year?"

And it goes back to as a consumer across

income levels that has been stretched.

>> Right.

>> And so, they did a very good year last

year.

The tariff inflation generally passed

through and the concern the market has

is that as that as we cycle all that

tariff price hikes, that comps are just

going to decelerate from say 8% at

O'Reilly to four or five later in the

year. AutoZone, potentially down to 3%.

So, what's happened is good companies,

the stocks are on sale now because of

the second derivative of their comp

store sales.