Storms are always good for hardware-home improvement superstores, as droves of people stock up on supplies beforehand and work to repair any damage afterwards. If you want to try to profit from the wake of Hurricane Irene, the orange-aproned merchant is the one to turn to.
After Lumber Liquidators cut its full-year revenue forecast Thursday, investors took the nation's largest hardwood flooring specialist to the woodshed. But while the short-term will be challenging, this highly profitable company still has a strong position and ample room to grow.
Wall Street can be fickle, leaving investors scratching their heads in bewilderment. Some of last week's biggest surprises, blunders, and flat-out boneheaded moves included Morgan Stanley's downgrading of Google, another step toward a LivingSocial IPO, and irrational exuberance with respect to Wendy's stock.