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Lowe's (LOW) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-10-29 22:50
In the latest market close, Lowe's (LOW) reached $262.97, with a -1.87% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.16%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.78%.Heading into today, shares of the home improvement retailer had lost 1.06% over the past month, lagging the Retail-Wholesale sector's loss of 0.07% and the S&P 500's gain of 1.67% in that time.The investment community wil ...
Why the Market Dipped But Lowe's (LOW) Gained Today
ZACKS· 2024-10-15 22:51
Lowe's (LOW) ended the recent trading session at $281.83, demonstrating a +0.39% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.76%. On the other hand, the Dow registered a loss of 0.75%, and the technology-centric Nasdaq decreased by 1.01%. The home improvement retailer's shares have seen an increase of 9.39% over the last month, surpassing the Retail-Wholesale sector's gain of 3.42% and the S&P 500's gain of 4.31%. The investment community will be paying clo ...
Lowe's Stock Breaks 52-Week Record: Buy, Hold or Take Profits?
ZACKS· 2024-09-30 20:01
Lowe's Companies, Inc. (LOW) reached a new 52-week high of $268.71 on Friday, a significant milestone that has caught investors’ attention. The company's ongoing strategic initiatives and favorable economic conditions set a positive tone for its performance. The Federal Reserve's recent 50-basis point interest rate cut has injected further optimism. With the stock trading near its peak, investors are faced with the question: How should they play Lowe’s ahead?Lowe’s stock has exhibited an uptrend since Sept. ...
Lowe's Pledges $2 Million to Support Hurricane Helene Relief Efforts
Prnewswire· 2024-09-30 13:15
"This storm has created a life-altering path of destruction from Florida to the Mid-Atlantic – especially here in our home state of North Carolina," said Marvin Ellison, Lowe's chairman and CEO. "Our thoughts and prayers go out to everyone affected, and I am extremely grateful for our associates and first responders who are working tirelessly to serve these communities. We will continue to help meet our communities' urgent needs and help our neighbors during the long road to recovery ahead."This week, Lowe' ...
Lowe's (LOW) Declines More Than Market: Some Information for Investors
ZACKS· 2024-09-25 22:50
In the latest market close, Lowe's (LOW) reached $264.97, with a -0.4% movement compared to the previous day. This change lagged the S&P 500's daily loss of 0.19%. Elsewhere, the Dow lost 0.7%, while the tech-heavy Nasdaq added 0.04%. The the stock of home improvement retailer has risen by 7.03% in the past month, leading the Retail-Wholesale sector's gain of 6.04% and the S&P 500's gain of 1.95%. The investment community will be closely monitoring the performance of Lowe's in its forthcoming earnings repor ...
Lowe's Set For 'Delayed Benefits' From Macro Demand Improvements, Says Optimistic Analyst
Benzinga· 2024-09-24 15:58
Last month, Lowe’s Companies Inc LOW reported mixed results for its fiscal second quarter.According to Oppenheimer, the Federal Reserve's previous easing cycles suggest that demand in the home improvement sector tends to improve, though there is a "potentially substantial lag."Analyst Brian Nagel upgraded Lowe’s Companies’ rating from Perform to Outperform and raised the price target from $230 to $305.The Lowe’s Companies Thesis: As lending rates moderate, there is stronger demand for home-related items, wh ...
Lowe's Stock Eyes Record Highs After Bull Note
Schaeffers Investment Research· 2024-09-24 13:12
Lowe's Companies Inc (NYSE:LOW) stock is up 1.2% ahead of today's trading, after a bull note from Oppenheimer. The analyst upgraded shares of the home improvement retailer to "outperform" from "market perform" and raised its target price to $305 from $230, citing promising long-term fundamentals and demand tailwinds following the Federal Reserve's interest-rate cut.Current analyst sentiment doesn't quite match LOW's price action. While the stock is up nearly 18% since the beginning of the year, 14 of 30 cov ...
Nailing It, But Barely: Lowe's Solid History Meets Uncertain Future
Seeking Alpha· 2024-09-19 15:10
Lowe's Companies, Inc. (NYSE: LOW ) has created excellent returns and decent dividend growth but has been facing challenges in some of its operations, which could affect its future performance. I believe that Lowe’s is doing a good job growing itsThe mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-cap companies, offerin ...
Lowe's Companies, Inc. (LOW) Goldman Sachs 31st Annual Global Retailing Conference (Transcript)
2024-09-05 18:07
Lowe's Companies, Inc. (NYSE:LOW) Goldman Sachs 31st Annual Global Retailing Conference September 5, 2024 9:35 AM ET Company Participants Marvin Ellison - Chief Executive Officer Conference Call Participants Katharine McShane - Managing Director, Goldman Sachs Katharine McShane Good morning, everyone. It's my pleasure to introduce Marvin Ellison, Chairman, President and Chief Executive Officer of Lowe's. Marvin has been in the role since 2018, and obviously has a lot of leadership and operational experience ...
Lowe's Returns as Official Home Improvement Partner of NFL for 2024-25 Season
Prnewswire· 2024-09-03 12:00
Retailer's new marketing campaign, featuring NFL star power like Travis Kelce, speaks to all the ways the brand is helping millennial homeowners tackle home improvement needs MOORESVILLE, N.C., Sept. 3, 2024 /PRNewswire/ -- Today Lowe's announced the sixth-consecutive renewal of its contract with the NFL for the 2024-25 season and the continuation of its longstanding partnership with the Carolina Panthers and Dallas Cowboys. As part of this season's fully integrated marketing campaign, the home improvement ...