Louisiana-Pacific Corp. (LPX): Today's Featured Wholesale Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 0.8%. By the end of trading, Louisiana-Pacific rose $0.16 (1.1%) to $14.91 on light volume. Throughout the day, 1,885,808 shares of Louisiana-Pacific exchanged hands as compared to its average daily volume of 3,087,600 shares. The stock ranged in a price between $14.73-$15.02 after having opened the day at $14.75 as compared to the previous trading day's close of $14.75. Other companies within the Wholesale industry that increased today were:
(
), up 10.3%,
(
), up 10.1%,
(
), up 8.2% and
(
), up 8.2%.
Louisiana-Pacific Corporation, together with its subsidiaries, engages in manufacturing and distributing building products for new home construction, repair and remodeling, manufactured housing, and light industrial and commercial construction. Louisiana-Pacific has a market cap of $2.1 billion and is part of the services sector. Shares are down 23.7% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Louisiana-Pacific a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Louisiana-Pacific
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in stock price during the past year and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Louisiana-Pacific Ratings Report.
On the negative front,
Taitron Components Inc. Class A
(
), down 2.9%,
(
), down 2.6%,
(
), down 2.6% and
(
), down 2.4% , were all laggards within the wholesale industry with
(
) being today's wholesale industry laggard.
- Use our wholesale section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider
iShares Dow Jones US Cons Goods
(
) while those bearish on the wholesale industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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