The car & truck parts business has been a big beneficiary of border closures and lockdowns with the stock performing strongly since it was added to the portfolio. With the secondary car market running hot, BAP may still have some headroom in terms of earnings, likely to see some growth even as international travel opens up towards the end of the year. Technically, the stock is a buy ~$6.50 and a sell ~$8.50.
MM remains mildly bullish and long BAP, targeting a move above ~$8.
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