3 Top Stocks To Buy On Inflationary Concerns

Its products not only appeal to Do-It-Yourselfers but to commercial customers as well. This explains why it has been investing in technology, merchandise category, and strength in its Pro business. LOW’s new total home strategy, which includes providing complete solutions for home repair and improvement, should aid long-term growth.

LOW has an overall grade of B, which translates into a Buy rating in our POWR Ratings service. It has a Sentiment Grade of B, which means it’s well-liked by Wall Street Analysts. Twenty-seven analysts currently have a Strong Buy or Buy rating on the stock. The company also has a Quality Grade of B, indicating a healthy balance sheet. As of the most recent report quarter, LOW had $4.7 billion in cash compared to only $1.1 billion in short-term debt.

The company is also highly efficient, with a return on equity over 400%. We also grade LOW based on Growth, Value, Momentum, and Stability. You can find those grades here. LOW is ranked #10 in the A-rated Home Improvement & Goods industry. You can find other top stocks in the industry by clicking here.

O’Reilly Automotive, Inc. 

ORLY is one of the largest sellers of aftermarket automotive parts, tools, and accessories in the United States. The company serves both professional and DIY customers and sells branded as well as its own-label products. ORLY has over 5,000 stores spread across 47 states, in addition to 22 stores in Mexico. The company also provides several services to customers, such as battery diagnostic testing and check engine light code extraction.

As I’ve mentioned before, the used auto industry is currently in a bubble due to delays in new vehicle manufacturing. This has benefited car parts stores as used vehicles require regular maintenance. The company is also poised to benefit from new store openings and distribution centers in highly profitable regions. As used car prices continue to increase, ORLY should be able to raise its prices accordingly.

The company has an overall grade of B or a Buy rating in our POWR Ratings system. It has a Momentum Grade of A as its stock has shown bullish price momentum over the near, mid, and long-term. ORLY also has a Quality Grade of A, which indicates a rock-solid balance sheet. The company has no short-term debt and a return on equity over 1,000.

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