5 Sizzling Stocks to Buy Now as the Russell 2000 Continues to Explode Higher

Floor and Decor Holdings

Jefferies continues to view this company as a beneficiary of the move to the suburbs by city dwellers. Floor and Decor Holdings Inc. (NYSE: FND) is a multichannel specialty retailer operating 133 warehouse-format stores and two design centers across 31 states at the end of the fourth quarter of fiscal 2020.

The company offers a broad assortment of in-stock hard-surface flooring, including tile, wood, laminate/luxury vinyl plank, and natural stone, along with decorative and installation accessories, at everyday low prices.

Many on Wall Street wonder how much consumer spending will shift in a reopening, whether demand at pandemic winners is sustainable, how e-commerce will help the big get bigger, about the ability of companies with strong balance sheets to weather changes and about wild cards, from higher freight rates to gasoline prices. Floor & Decor is expected to weather all these challenges well.

The Jefferies price target is $111, while the posted consensus target is $110.50. The stock closed trading on Friday at $97.61 a share.

Lattice Semiconductor

This stock was hit recently and is offering investors a great entry point. Lattice Semiconductor Corp. (NASDAQ: LSCC) designs, develops and markets programmable logic products and related software. Its products include semiconductor devices, evaluation boards, development hardware, and related intellectual property licensing, services and sales.

The company provides smart connectivity solutions powered by its low power FPGA, video ASSP, millimeter wave, and IP products to the consumer, communications, industrial, computing and automotive markets. The company recently launched the latest version of its award-winning solutions stack for low-power embedded vision systems, Lattice mVision 2.0. The new version features multiple updates that further accelerate the design of embedded vision applications for industrial, automotive, medical and smart consumer systems.

Lattice Semiconductor also includes support for popular new image sensors used in industrial and automotive systems and a new image signal processing IP core and reference design to help developers design smart vision applications at the Edge. The stack also includes support for the Lattice Propel design environment to simplify development of vision systems with an embedded RISC-V processor.

The $56 Jefferies price objective compares to the $50.60 consensus target price. Lattice Semiconductor stock was last seen at $44.47 on Friday.

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