LOW - Lowe's Companies, Inc.
| Previous Close | 124.77 |
| Open | 125.15 |
| Bid | 125.43 x 4000 |
| Ask | 124.98 x 900 |
| Day's Range | 124.49 - 125.56 |
| 52 Week Range | 91.60 - 125.56 |
| Volume | 2,774,739 |
| Avg. Volume | 3,685,160 |
| Market Cap | 96.131B |
| Beta (5Y Monthly) | 1.27 |
| PE Ratio (TTM) | 33.59 |
| EPS (TTM) | 3.73 |
| Earnings Date | Feb 25, 2020 |
| Forward Dividend & Yield | 2.20 (1.76%) |
| Ex-Dividend Date | Jan 20, 2020 |
| 1y Target Est | 133.63 |
- MarketWatch
Here’s the segment of the economy that may benefit from fears of coronavirus, analysts say
As the COVID-19 spreads and the patient count and death toll grow, economists are slashing their once-rosy expectations for global growth in 2020.
- InvestorPlace
It’s Time to Plug into PLUG Stock
For alternative energy outfit Plug Power (NASDAQ:PLUG), 2020 looks increasingly like a plug-and-play situation for its investors. But to avoid the larger risks with this type of investment, buying PLUG stock today goes beyond the price chart and simply seeing things optimistically.Source: Shutterstock No doubt 2019 was a good one for Plug investors. At the nadir of late 2018's near-crippling market correction, shares traded as low as 99 cents. But bears trying to squeeze out that last bit of coin in share price have been punished.The hydrogen fueling specialist continues to make strong strides in its plans of reaching $1 billion in sales over the next couple years. And shares have reacted strongly, rocketing higher the last 14 months by nearly 350% to $4.40. It's not just wishful thinking on the part of management or investors, either.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPlug has defied skeptics by landing major deals with Walmart (NYSE:WMT) and Amazon (NASDAQ:AMZN) over the last couple of years. The company's hydrogen fuel cell or HFC technology enables those retail giant's forklifts to more efficiently power their commercial operations. And the buck, or should I say, the $60 million Walmart plans on sending Plug's way this year or Amazon's $70 million agreement, doesn't stop there. * 7 Exciting Stocks to Buy for Aggressive Investors The most recent news is Plug has landed another major customer within this growing market as companies continue to look for innovative, less-costly and greener options to being competitive. The whisper is the $50 million deal could be with home improvement chain Home Depot (NYSE:HD). If that's confirmed, could Lowe's (NYSE:LOW) be far behind?Bottom-line, the chase for retailers to remain competitive with the likes of Amazon and Walmart appears to be on its way. What's more, there's also plenty of fuel in the tank for a profitable ride on the price chart. PLUG Stock Monthly Chart Source: Charts by TradingViewIt has been a nice ride to be certain for Plug investors that looked the other way when conditions appeared to be at their worst in December 2018. Technically, though, the stock has only just begun to turn the corner on the price chart. And PLUG stock looks ready to buy today for continued big-time profits.As the monthly chart illustrates, the rally in Plug from sub $1 has just cleared a key area of price resistance. It's bullish, but there's more. Shares are now in an uptrend supported by higher highs and higher lows. Nice, right? Further, with nearly three months of testing this critically important zone before convincingly using it as technical support in February, this still small $1.3 billion stock is well-situated for a larger momentum cycle to take hold. Still, there are risks to consider.Despite the positives supporting PLUG stock, shares are still more of a risk-asset than the large capitalization customers it's serving. Also, our observation of shares being ripe for momentum can be a double-edged sword. I'd also be remiss if I didn't note the price chart already maintains some of those risks tied to Plug's stochastics and Bollinger Bands.I view Plug's prospects favorably. But as a name which also has its share of obvious and potentially larger risks, I'd suggest a collar or married put to go along with a stock purchase. Unlike simply holding shares as a standalone investment, these are two guaranteed spread strategies which can capture big-time profits while avoiding the always real possibility of a lights out situation off and on the price chart.Investment accounts under Christopher Tyler's management own positions in Plug Power (PLUG) and its derivatives, but no other 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, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Itas Time to Plug into PLUG Stock appeared first on InvestorPlace.
- American City Business Journals
New-to-Orlando fitness concept inks lease for 62K SF building
A growing fitness concept plans to expand to a vacant grocery store on the west side of town, Orlando Business Journal has learned. Phoenix-based Barclay Group is under contract to buy a shuttered Winn-Dixie at 5732 N.
- GuruFocus.com
5 Companies Reach 52-week Highs
As of late, these companies have achieved yearly highs Continue reading...
- American City Business Journals
Home Depot bumps Atlanta seasonal hiring goal, sets target above rival Lowe's
Home Depot says it's looking to hire from all stages of life — from students to parents to retirees looking for second careers.
- GuruFocus.com
Bill Ackman's Pershing Square Takes a Chip Off Chipotle Stake
Activist investor still sees growth potential for company Continue reading...
- PR Newswire
Lowe's to Offer Free Kids' Workshops Nationwide
Lowe's Companies, Inc. (NYSE: LOW) will now offer free, monthly Kids' Workshops at every Lowe's store nationwide beginning Saturday, Feb. 8.
- Barrons.com
Big Buys of Lowe’s, GE, and Uber Stock From Down Under
Antipodes Partners of Australia tripled its investment in ride-sharing firm Uber ahead of the 2020 rally.
- MoneyShow
Three Trends for 2020- Dividend Growth, Sustainable Impact and the Election
There are several positive factors supporting a continuation of the bull market that began in March 2009: interest rates are low, GDP growth is consistent and solid, earnings are poised to grow, and valuations are not yet overly stretched, forecasts John Eade, chairman and CEO of Argus Research Group.
- Zacks
Lowe's (LOW) Outpaces Stock Market Gains: What You Should Know
Lowe's (LOW) closed at $119.35 in the latest trading session, marking a +1.85% move from the prior day.
- Zacks
Beacon Roofing (BECN) Q1 Earnings Lag Estimates, Down Y/Y
Lower sales as well as higher costs and expenses mar Beacon Roofing's (BECN) first-quarter fiscal 2020 results.
- American City Business Journals
Triad community college receives $1.4 million gift
A Jonesville native and Navy veteran gave Surry Community College $1.427 million to expand and enhance programming.
- Zacks
The Zacks Industry Rank Highlights: Lowe's Companies, Builders FirstSource and BMC Stock Holdings
The Zacks Industry Rank Highlights: Lowe's Companies, Builders FirstSource and BMC Stock Holdings
- Zacks
Late Rally Lifts Stocks Despite Coronavirus Concerns
Late Rally Lifts Stocks Despite Coronavirus Concerns
- Bloomberg
Sold-Out Coronavirus N95 Face Masks Offer a Lesson in Price Gouging
(Bloomberg Opinion) -- Now that the government has confirmed the first human-to-human transmission of the new coronavirus in the U.S., a lot of people will be rushing out to purchase masks. That would be, specifically, the N95 air filtration mask, the one recommended by the U.S. Centers for Disease Control and Prevention for blocking most airborne viruses.Oops. Too late.CVS is sold out. So are Lowe’s and Staples and everywhere else I’ve checked — even Amazon. No matter how health authorities try to assure the public that a pandemic is unlikely, the creeping panic continues to creep a little faster each week. And no matter how many experts query whether the N95 mask would even stop transmission of the virus, supply still can’t keep up with demand.What to do?Let’s begin with a thought experiment: Suppose that an entrepreneur — we’ll call him Carter — turns out to have stockpiled several thousand N95 masks a few years ago. Now, noticing the shortage, Carter opens up his storehouse and announces that he will sell N95s, in lots of 20 (as they’re commonly purchased), to the highest bidder. He even sets up a website where people can bid. Every ten minutes, until the supply is gone, the highest bidder wins 20 masks. Bids quickly run into the thousands of dollars for a package that, before the panic, could often be had for less than twenty bucks.What happens next is of course predictable.The outraged news media declares a scandal, the outraged Twitterverse tries to cancel poor Carter, and the outraged politicians stumble all over each other on their way to the nearest camera to charge him with price-gouging. Carter is hauled before the country as an example of how not to behave in a crisis. Greed run rampant. An immoral effort to profit from people’s fear.You can write the script.Carter caves. Humiliated, and worried about his business prospects, he donates his entire store of N95 masks to public health authorities, who in turn will give them out if deemed necessary (that is, if deemed necessary in their view) according to some rationing formula that will be shared with the public only if what the authorities deem to be an emergency should arise. (In China, masks are already being rationed by the government.)But this is a dreadful result.Here’s the simplest reason: Smarter, who happens to possess an even bigger cache of N95 masks than Carter did, will observe how he was treated and decide to keep hers under lock and key. After all, she might need them in an emergency. As a result of the insistence that Carter not sell his property at the price the market is willing to pay, the supply of N95 masks to the public is smaller than if nobody had intervened.College students learn in Economics 101 that a demand curve slopes downward to the right. As demand falls, price falls. As demand rises, price rises. If instead you don’t allow the price to rise — because of your concern about “price gouging” — the quantity offered for sale will fall.This isn’t complicated, and it’s true in every disaster. I’m willing to pay a lot more for a generator when I know the power is going to be out for a week than I am when the lights are on. If the price is unregulated, the difference in what I would pay in those two situations will bring more generators to market. And depending on the cost to enter the market, the rising price will lead more sellers to bring generators to the disaster site, leading to a larger supply, and eventually a lower price.What I’ve just offered is the argument offered by most economists and most libertarians (and, certainly, by all libertarian economists) about why bans on so-called price-gouging are a bad idea.To be sure, there are counter-arguments. At their heart lies the notion that if a demand spike is caused by an unanticipated emergency, allowing sellers to significantly raise prices in response will undercut the morally imperative distributional principle of equal access to necessities. If ten people with the same fatal illness need the two available doses of a life-saving drug, the argument runs, it’s immoral to award the drug to the highest bidders.This intuitively appealing distributional argument helps explain why anti-price-gouging statutes are both widely supported and strictly enforced. But as with every regulatory regime, it’s important that we consider the cost. Suppose that our concern about equity in distributing the life-saving drug leads us to forbid the producer to raise prices. In that case, unless the government forces production at gunpoint, we’re going to get less of the drug (or the generators or the masks): the very thing we say we want. Certainly we can decide to make that tradeoff. But let’s not pretend there’s no tradeoff to be made.* * * * * * *Coda: Whenever I make this argument, whether in the classroom or in print, I’m accused of celebrating the morality of profit over all else. I’m doing no such thing. I’m simply insisting that we not pretend that the solution to a shortage is to insist that producers keep prices low.To contact the author of this story: Stephen L. Carter at scarter01@bloomberg.netTo contact the editor responsible for this story: Sarah Green Carmichael at sgreencarmic@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Stephen L. Carter is a Bloomberg Opinion columnist. He is a professor of law at Yale University and was a clerk to U.S. Supreme Court Justice Thurgood Marshall. His novels include “The Emperor of Ocean Park,” and his latest nonfiction book is “Invisible: The Forgotten Story of the Black Woman Lawyer Who Took Down America's Most Powerful Mobster.” For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Top 3 Picks to Play a Hot Home Construction Market
Top 3 Picks to Play a Hot Home Construction Market
- Zacks
Has Lowe's Companies (LOW) Outpaced Other Retail-Wholesale Stocks This Year?
Is (LOW) Outperforming Other Retail-Wholesale Stocks This Year?
- Investopedia
Best Dividend Stocks for February 2020
Shares of AbbVie, Lowe's, McDonald's, Starbucks, and Skyworks Solutions represent a potential opportunity for long-term dividend investors.
- American City Business Journals
Braves legend Chipper Jones elected to International League Hall of Fame
Chipper Jones is headed to the Hall of Fame — again. The Atlanta Braves legend has been elected to the International League Hall of Fame. The 1993 International League Rookie of the Year joins Chad Mottola and Johnny Neun in the 2020 Hall of Fame class.
- Reuters
Stanley Black & Decker buys Boeing supplier CAM for $1.5 bln, with caveat
U.S. toolmaker Stanley Black & Decker Inc said on Wednesday it is acquiring Boeing Co supplier Consolidated Aerospace Manufacturing LLC (CAM) for as much as $1.5 billion, with a portion of the price contingent on Boeing's troubled 737 MAX aircraft returning to the skies. The terms of the deal illustate how consolidation among Boeing's vendors is being reshaped by its woes. Boeing grounded the 737 MAX in March following two crashes that killed 346 people and has halted production as it updates the plane's flight control system and software.
CNW GroupAnthony T. (Tony) Hurst Appointed President of Lowe's Canada
BOUCHERVILLE, QC , Jan. 28, 2020 /CNW Telbec/ - Lowe's Companies, Inc. (LOW) today announced that Anthony T. (Tony) Hurst has been appointed president, Lowe's Canada , pending work authorization which is expected in February. Hurst most recently served as Lowe's senior vice president of enterprise and strategy transformation, and also held the position of Lowe's division president for the West region. Tony Cioffi will continue to act as interim president and, after the transition, will resume his previous role as GFO and leader of the affiliated dealers, real estate and Dick's Lumber businesses.
- PR Newswire
Anthony T. (Tony) Hurst Appointed President Of Lowe's Canada
Lowe's Companies, Inc. (NYSE: LOW) today announced that Anthony T. (Tony) Hurst has been appointed president, Lowe's Canada, pending work authorization which is expected in February. He will report to President & CEO Marvin Ellison and will be based in Boucherville, Quebec. Hurst most recently served as Lowe's senior vice president of enterprise and strategy transformation, and also held the position of Lowe's division president for the West region. Tony Cioffi will continue to act as interim president and, after the transition, will resume his previous role as GFO and leader of the affiliated dealers, real estate and Dick's Lumber businesses.
- Zacks
Lowe's (LOW) Stock Moves -0.39%: What You Should Know
Lowe's (LOW) closed the most recent trading day at $119.76, moving -0.39% from the previous trading session.
- Yahoo Finance
Whirlpool beats Q4 profit estimates, CEO says consumers will buy appliances
Whirlpool CEO Marc Bitzer chats with Yahoo Finance following the appliance maker's fourth quarter earnings report.
- American City Business Journals
Home improvement warehouse chain to carry Triad manufacturer's products
Lowe's Companies (NYSE: LOW) has announced it will partner with Honda Power Equipment (NYSE: HMC) to sell the company’s line of outdoor power tools in its home improvement warehouse stores. Honda Power Equipment operates a manufacturing facility in the Alamance County town of Swepsonville. Honda products are now available at Lowes.com and will be stocked in stores over the next few weeks.They include walk-behind lawn mowers, generators, snow blowers, tillers, pumps and string trimmers for residential and commercial applications.
