Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

3 Cheap Retail Stocks to Scoop Up Now

Published 06/16/2021, 09:18 AM
Updated 06/16/2021, 10:31 AM
© Reuters.  3 Cheap Retail Stocks to Scoop Up Now

Retail stocks are particularly interesting as they are benefitting from strong consumer spending, rising wages, and the economy reopening. Patrick Ryan identifies 3 cheap retail stocks worth buying: Lumber Liquidators Holding (NYSE:LL), AutoNation (NYSE:AN), and Macy’s (M).The bull case for retail stocks is quite obvious. Like so many activities, there is pent-up demand for people to go to stores and shop. Consumer spending is at record highs and will remain elevated due to rising wages and strong growth. &nbsp

Further, household balance sheets are in great shape and indications of financial stress are at low levels which indicates more room for expansion. On top of these, many retail stocks are quite cheap. &nbsp

Below, we shine the spotlight on three retail stocks priced at solid value points heading into the summer of 2021: Lumber Liquidators Holding (LL), AutoNation (AN), and Macy’s (M).

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.