7 Stocks That Can Help You Profit From Summer Shortages - 1 of 7

#1 - Lumber Liquidators (NYSE:LL)

Homebuilders are becoming increasingly exasperated at the lumber shortage. Many builders are now attaching escalation clauses to their contracts with consumers to account for the rapid, and hard to predict, increases in lumber prices. In fact, the lumber shortage is adding an extra $36,000 to the cost of a new home.

Lumber Liquidators (NYSE:LL) stands to be a big winner as many consumers are turning to high-margin vinyl flooring as an alternative. That is playing out in the company’s recent earnings report in which the company beat on earnings. Revenue was more of a mixed bag. The company fell short of analysts’ expectations, but the number was still higher on a year-over-year basis. 

But investors are a fickle bunch and they were expecting more. Or maybe they are becoming weary of companies being unable to provide guidance due to supply chain disruptions. LL stock is down 26% in 2021 and nearly 10% since April 21.

About LL Flooring

LL Flooring Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hard-surface flooring including, waterproof hybrid resilient, waterproof vinyl plank, engineered hardwood, laminate, bamboo, tile, and cork products; and flooring enhancements and accessories, including moldings, underlayment, adhesives, and tools under the Bellawood and Coreluxe brand names. Read More 

Current Price

$3.17

Consensus Rating

Sell

Ratings Breakdown

0 Buy Ratings, 0 Hold Ratings, 1 Sell Ratings.

Consensus Price Target

$3.25 (2.5% Upside)