3 Cheap Retail Stocks to Scoop Up Now
StockNews
Published Jun 16, 2021 09:18AM ET
Updated Jun 16, 2021 10:31AM ET
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.  
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.  
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).
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