LOW - Lowe's Companies, Inc.

NYSE - NYSE Delayed Price. Currency in USD
112.60
-0.13 (-0.12%)
At close: 4:04PM EDT
Stock chart is not supported by your current browser
Previous Close112.73
Open112.48
Bid0.00 x 1100
Ask0.00 x 1000
Day's Range111.56 - 113.14
52 Week Range84.75 - 118.23
Volume2,179,765
Avg. Volume4,691,718
Market Cap86.905B
Beta (3Y Monthly)1.43
PE Ratio (TTM)35.60
EPS (TTM)3.16
Earnings DateNov 20, 2019
Forward Dividend & Yield2.20 (1.95%)
Ex-Dividend Date2019-10-22
1y Target Est121.00
Trade prices are not sourced from all markets
  • Investing.com

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  • This Is Why Home Depot Stock Bears Should Be Scared
    InvestorPlace

    This Is Why Home Depot Stock Bears Should Be Scared

    There's always a bull market somewhere. And with Dow Jones Industrial Average constituent Home Depot (NYSE:HD), you don't have to look very far to appreciate that very fact. But is now a good time to buy Home Depot stock? Let's examine what's happening off and on the price chart to reach a stronger, risk-adjusted decision.Source: Helen89 / Shutterstock.com It has been good year for the market, albeit a volatile one at times. The Dow Jones is up nearly 17% and less than 1% from recapturing late July's all-time-high. At the same time, Home Depot stock's gain of 36% has more than doubled the venerable blue-chip index while hitting fresh highs.Only the Dow's Apple (NASDAQ:AAPL), and its return of nearly 39%, is larger than HD's rise through Friday's close. However, that top spot has come at a price. AAPL stock's gains have failed to match Home Depot's technical wherewithal with shares still 5.5% beneath its October all-time high.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, what's behind the burly gains of America's largest home improvement retailer? No doubt 2019 has raised the specter of potential difficulties for Home Depot and peer Lowes (NYSE:LOW) given the ongoing U.S. China trade war and retail shelves lined with "Made in China" products.But so far, HD stock has managed to trump those fears.Removed from trade war concerns of what might be, a defensively positioned Home Depot has benefited from this summer's interest rate cut by the FOMC and ongoing demand for home improvement. And the good times, which showed up in August's earnings beat, aren't over either. * 10 Recession-Resistant Services Stocks to Buy According to Citi analyst Gregory Badishkanian, HD stock enjoys "still-solid underlying macro fundamentals and housing drivers," which should help with further sales and margin wins. For its part Citi reaffirmed its buy rating while lifting the price target on HD from $246 to $269 and a premium of 15% compared to Friday's closing price. Home Depot Stock Price Monthly Chart Technically speaking, Home Depot stock appears ready for a strong second-half of 2019 after dismantling a large bearish topping pattern.In August, HD produced an earnings-driven breakout from a 20-month long broadening base pattern. This type of formation is generally viewed as bearish once the fifth pivot receives price confirmation through the low of the monthly candlestick. Home Depot stock obliged bearish shorts as it traded beneath July's low of $212.39 and eventually down to $197.84 before quickly and unequivocally failing.A bullish earnings gap and follow-through in Home Depot stock took shares to new highs while also breaking out above angular pattern resistance. Now September's price action is confirming August's engulfing candlestick while being supported by a bullishly positioned stochastics indicator.With HD shares just a couple percent above the August high, it's time to embrace the bearish pattern failure as an important signal to go long shares. I'm inclined to see Citi's price target of $269 to perhaps as much as $275 in Home Depot stock as a reasonable forecast for shares.My recommendation is to simply buy Home Depot stock today and set an initial stop-loss below $219. Early Monday and with HD trading around $232.50, that works out to price exposure of 6%. That's attractive relative to the risk taken. And smartly, it pulls the plug on the position just in case the broadening pattern has a repeat and more bearish performance in store for Home Depot stock.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post This Is Why Home Depot Stock Bears Should Be Scared appeared first on InvestorPlace.

  • S&P 500 buybacks decline significantly in Q2 2019; expenditures still remain higher than the pre-2018 levels
    PR Newswire

    S&P 500 buybacks decline significantly in Q2 2019; expenditures still remain higher than the pre-2018 levels

    - Q2 2019 share repurchases were $164.5 billion - 20.1% lower than Q1 2019, 13.7% lower than Q2 2018, and 26.2% lower than the record Q4 2018. - Apple continues to lead, spending $18.2 billion - down from ...

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  • MarketWatch

    Lowe's upgraded as CEO Ellison's plan shows signs of growth

    Lowe's Cos. was upgraded to outperform from neutral at Wedbush based on growth signals resulting from Chief Executive Marvin Ellison's growth plan for the home improvement retailer. Wedbush analysts led by Seth Basham also raised Lowe's price target to $135 from $115. "Lowe's focus on boosting Pro sales through increased service levels, pricing and merchandising is beginning to pay off, with enormous runway ahead," the note said. "Labor-efficiency drivers are starting to build, such that Lowe's might be able to hold operating expenses flat for the next three years to drive +250 basis points of margin improvement in a bull case scenario." Wedbush is still wary of Lowe's goal to reach $370 per square foot and operating margins of 12%, but analysts now see upside through 2022. In addition, analysts say Lowe's is closing the same-store sales gap with its biggest competitor Home Depot Inc. . Lowe's stock has rallied 23% for the year to date while the S&P 500 index is up 19.7% for the period.

  • Barrons.com

    Lowe’s Stock Will Rise Because the Turnaround Is Working, Analyst Says

    Wedbush says the home improvement retailer’s turnaround is well under way, and it looks good in comparison to Home Depot.

  • Barrons.com

    Home Depot and Lowe’s Stock Have More Room to Run Up, Says Citigroup

    Gregory Badishkanian, who just assumed coverage of the two companies, kept the Buy ratings and upped his price targets.

  • Hold out for a Lower Valuation Before Buying Home Depot Stock
    InvestorPlace

    Hold out for a Lower Valuation Before Buying Home Depot Stock

    Home Depot (NYSE:HD) stock continues to ride high. An earnings beat in its second-quarter sent Home Depot stock surging to over $232 per share an all-time high. Lower interest rates and a renewed interest in the housing market have also helped HD stock.Source: Rob Wilson / Shutterstock.com However, not all headwinds for Home Depot stock have gone away. Home prices have plateaued in many major markets. Also, an inverted yield curve and the length of the current economic growth period point to a possible recession. * 7 Discount Retail Stocks to Buy for a Recession Although HD stock remains a long-term winner, investors should not add to positions at these levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips HD Stock Is a Long-Term Winner Facing Near-Term StrugglesTaking a negative view of Home Depot stock is a difficult decision. After all, it did not grow to almost 2,300 stores and a $250 billion-plus market cap by making poor decisions. HD has delivered massive returns to investors over the last few decades and remains a solid long-term investment now.Admittedly, bulls have many signs of optimism on which to base their call. The Fed lowered interest rates over the summer, setting up the highest level of mortgage originations since 2018. Moreover, the company announced they had beaten estimates by nine cents per share on Aug. 20. This sparked a rally that took the HD stock price from about $208 per share to the approximate $232 per share level where it trades today.Furthermore, both Home Depot stock and its main peer Lowe's (NYSE:LOW) continue to show resiliency. It continues growth even as a mature company. It also has fended off any potential threat from Amazon (NASDAQ:AMZN), a company many feared would "take over retail" a few short years ago. Multiple Does Not Price in a Possible RecessionHowever, the recent rally took the forward price-to-earnings (PE) ratio to about 21.2, very close to the average PE of almost 23 it has experienced over the last five years. Admittedly, a 21.2 forward multiple is not high by S&P 500 standards. However, it seems pricey when analysts predict only 2.4% profit growth this year and 8.4% in fiscal 2021.Also, many signs point to tough times coming soon. For one, the company missed its revenue estimates. Although the market has chosen to ignore that fact, it indicates some level of struggle for the home improvement giant. Moreover, investors cannot know for sure that the economy has avoided a recession. An inverted yield curve has frequently pointed to a downturn within two years in the past.Home price growth appears mixed as well. Thanks to the lower rates, analysts forecast annual price growth of 5.4% over the next year. Still, that is an average number. Many of the larger, pricier markets such as New York or Seattle continue to see a decline in prices. Since many consider Home Depot stock a proxy for the housing market, this indicates contradiction more than growth.Further, the current economic expansion is in its 11th year. This does not mean the economy will stop growing. However, it dramatically increases the chances of a downturn. It also calls into question whether investors should pay a higher multiple for Home Depot stock in such an environment. The Bottom Line on Home Depot StockHome Depot stock has become the solid equity that investors should avoid for now. In a sense, the recent run in HD stock makes sense. Interest rates have fallen in an environment where home prices have plateaued in many major markets. Without a doubt, this increases home affordability for many.Still, the current economic expansion has become long in the tooth. Moreover, an inverted yield curve has always pointed to a recession over the last 60-plus years.Although Home Depot has matured as a company, its ability to maintain growth over the last few decades is a testament to its long-term resiliency. I still believe in the future of Home Depot stock, and I do not recommend selling at these levels, except to log some profits.However, given the current circumstances, this seems like a time where investors should try to buy Home Depot stock on the cheap, not when it trades at a higher multiple.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Hold out for a Lower Valuation Before Buying Home Depot Stock appeared first on InvestorPlace.

  • American City Business Journals

    How Lowe's looks to develop tech talent for tomorrow's workforce

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  • Why Markets Think Tariffs Will Help Apple and Hurt Amazon
    Investopedia

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    Tariff talks have hits Amazon hard as other retailers outperform. Is Apple dependent on China, or is it the other way around?

  • Reuters

    UPDATE 3-White House adviser plays down expectations for U.S.-China talks

    A senior White House adviser tamped down expectations on Tuesday for the next rounds of U.S.-China trade talks, urging investors, businesses and the public to be patient about resolving the two-year trade dispute between the world's two largest economies. "If we're going to get a great result, we really have to let the process take its course," Peter Navarro said on CNBC. U.S. President Donald Trump's administration is seeking sweeping changes to China's policies and practices on intellectual property protection, the forced transfer of U.S. technology to Chinese firms, American companies' access to China's markets and industrial subsidies.

  • American City Business Journals

    PHOTOS: How Lowe's is aiding in Hurricane Dorian relief efforts

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  • Chances of Rate Cut Rise on Jobs Slowdown: Winners & Losers
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  • Thomson Reuters StreetEvents

    Edited Transcript of LOW earnings conference call or presentation 21-Aug-19 1:00pm GMT

    Q2 2019 Lowe's Companies Inc Earnings Call

  • Lowe's Commits $1 Million To Support Hurricane Dorian Relief And Recovery
    PR Newswire

    Lowe's Commits $1 Million To Support Hurricane Dorian Relief And Recovery

    MOORESVILLE, N.C., Sept. 6, 2019 /PRNewswire/ -- Lowe's has committed today $1 million to support disaster relief efforts for associates, customers and communities in direct response to Hurricane Dorian's impact along the U.S. coast and the Bahamas. Lowe's will continue to work closely with nonprofit partners and government agencies to determine immediate and long-term support needed by local communities. To support customers and communities as they prepared for the storm and in the clean-up and recovery that follows, the Lowe's Emergency Command Center has expedited more than 6,000 truckloads of needed supplies, including generators, bottled water, sand, plywood, chainsaws, trash bags, gas cans and tarps.

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  • Lowe's Companies, Inc. (LOW) Shares March Higher, Can It Continue?
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    Investopedia

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  • Housing Stocks: Surprising Picks as Leaders of the Coming Rally
    InvestorPlace

    Housing Stocks: Surprising Picks as Leaders of the Coming Rally

    When I saw the headline below last Tuesday, it made me angry. Really angry. Check this out.Source: Shutterstock A "Lehman-like" market disaster could happen this week, analyst warnsSeriously?InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe analyst cited negative sentiment triggered by the inversion of the yield curve and how it correlated to 2008. (Here's the article if you really want to read it.) I think he needs to be held responsible if he's wrong.I am sick of hacks trying to make names for themselves with insane and irresponsible Doomsday Calls. Do yourself a favor and ignore them. Instead of becoming fearful with these crazy calls, now is the time to set yourself up for big profits.I think we're headed for one of the greatest "melt-ups" (as my colleague Steve Sjuggerud accurately calls it) over the next 12-18 months. The new issue of Investment Opportunities will focus on stocks that I believe will be among the leaders of that rally, and I want to give you a preview of my analysis today. Already Moving HigherLet's dispense quickly with the idea that a recession is around the corner. I shared my full market outlook with you this weekend, but I've written before about the inverted yield curve and talked about it at length in a recent MoneyLine podcast (which you can listen to here).I'll share one stat with you now: Over the last 40 years, an inverted yield curve has actually been more of a buy signal than a recession indicator. Since 1978, the market has gained 20%+ on average one year after the inversion event when the 10-year Treasury begins to yield less than the two-year Treasury.Add in the likelihood that the Fed will lower interest rates a couple more times this year, and the odds of a major rally increase.But even if you're skeptical, please don't ignore a tried-and-true buying opportunity that so many other investors are missing amid the panic.I'm talking about housing stocks. I know. They don't sound as exciting as next-generation batteries, artificial intelligence, autonomous vehicles, or personalized medicine. But who cares -- as long as they can make us money?Take a look at the iShares U.S. Home Construction ETF (BATS:ITB). It broke above $40 last week for the first time since last June. That is a potentially major breakout going back to levels from 18 months prior. It also broke out of a consolidation phase that lasted about three months.Those are two bullish technical indicators, and I see more upside ahead with very low housing stock valuations and strong fundamentals.You may not hear much about strong fundamentals in the current environment, but they're there. Home Depot (NYSE:HD) is at all-time highs, and Lowe's (NYSE:LOW) is within about 6% of its peak. Both reported solid sales growth, as did consumer bellwethers Walmart (NYSE:WMT) and Target (NYSE:TGT). This tells us that the consumer is doing pretty well, and so is the housing market.It's simple if you ignore the noise and doomsday headlines. Long-term interest rates are down, which means mortgage rates are, too. Any way you slice it, lower mortgage rates boost housing. They make homes more affordable.We already see potential home buyers on the move. Mortgage applications (the orange line below) have turned sharply higher as rates (the blue line) have fallen.Note how mortgage originations fell to their lowest level since mid-2014 earlier this year but are back on the upswing -- to their highest levels in about two years, in fact. The last time mortgage rates were this low (late 2016), mortgage originations spiked above $600 billion. What to Buy NowI look for a similar spike to occur in the next few quarters. A move from $344 billion in the first quarter to over $600 billion would be a massive 75% surge … and would light an even bigger fire under housing stocks.The opportunity is more than just low rates. There are multiple catalysts to drive housing stocks higher in the coming months, including high employment, consumers' willingness to spend, still-low valuations, and millennials buying homes as they start families. That last one is especially big and could last for years, as we are in the early stages of the greatest wealth transfer in U.S. history, from the baby boomers to the millennials.I focus a lot on cutting-edge trends and breakthroughs, like batteries that will change the way we live and communicate. That's where a lot of the life-changing gains will come from. But I don't ignore more "traditional" trends like housing when the time is right, like now.I'll have my full analysis on housing stocks and at least one related stock recommendation in the new Investment Opportunities issue this Thursday. I wanted to let you know today so you can have them on your radar, too.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential The post Housing Stocks: Surprising Picks as Leaders of the Coming Rally appeared first on InvestorPlace.

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