Lowe's Companies Inc. ($LOW) Stock Forecast: Up 1.9% Today

What is Lowe's Companies Inc.?

Lowe's Companies, Inc. (NYSE: LOW) is a prominent home improvement retailer seeing positive market movements today.

Why is Lowe's Companies Inc. going up?

LOW stock is up 1.9% on Aug 23, 2024 14:51

• LOW stock displayed significant bullish activity, with a notable increase of over 9% in the last three months.
• The strong performance in Q2 2024 earnings attributed to this bullish trend, receiving favorable reactions from investors.
• Discussions among analysts and investors on Lowe's and Home Depot's earnings calls highlighted Lowe's upward market trend.
• Despite market uncertainties as traders await the Federal Reserve Chair's speech, Lowe's stock demonstrated remarkable growth.

LOW Price Chart

LOW Technical Analysis

LOW News

Lowe’s (LOW): Here’s a look at how the home improvement retailer performed in Q2 2024

Shares of Lowe’s Companies, Inc. (NYSE: LOW) stayed green on Wednesday. The stock has gained over 9% in the past three months. The home improvement retailer delivered mixed results for […] The post Lowe’s (LOW): Here’s a look at how the home improvement retailer performed in Q2 2024 first appeared on AlphaStreet .

https://news.alphastreet.com/lowes-low-heres-a-look-at-how-the-home-improvement-retailer-performed-in-q2-2024/

Making the case for Home Depot or Lowe''s: Two top investors weigh in

Jason Snipe of Odyssey Capital Advisors and Jason Ware of Albion Financial Group discuss the commentary Home Depot and Lowe''s gave in their earnings calls about the state of the consumer, and why the stocks have gone in different directions.

https://www.cnbc.com/video/2024/08/21/making-the-case-for-home-depot-or-lowes-two-top-investors-weigh-in.html

Nasdaq, S&P 500 Futures Edge Up As Traders Look Ahead To FOMC Minutes: Strategist Flags 3 Trends That Could Help Stocks Withstand Volatility

U.S. stocks could claw back their losses, although nervousness is palpable as traders play the waiting game ahead of Federal Reserve Chair Jerome Powell’s Jackson Hole address on Friday. The major averages are slightly higher early Wednesday. The CBOE Volatility Index , aka VIX, climbed more than 8% and has topped the 16 level, reflecting a slight increase in the fear sentiment. The Fed minutes due in the afternoon and the earnings reports of the day could influence trading direction. Futures Performance (+/-) Nasdaq 100 +0.04% S&P 500 +0.07% Dow +0.07% R2K +0.5% In premarket trading on Wednesday, the SPDR S&P 500 ETF Trust (NYSE: SPY ) edged up 0.03% to $558.85, and the Invesco QQQ ETF (NASDAQ: QQQ ) gained 0.02% to $480.38, according to Benzinga Pro data . Cues From Last Session: The eight-session advance proved to be too good of an opportunity to be let gone and traders promptly took some money off the tables, and this dragged stocks lower on Tuesday. Disappointing earnings from home-improvement retailer Lowe’s Companies, Inc. (NYSE: LOW ) also served as a downside trigger.

https://www.benzinga.com/news/earnings/24/08/40481111/nasdaq-s-p-500-futures-edge-up-as-traders-look-ahead-to-fomc-minutes-strategist-flags-3-trends-that

Lowe’s Stock: Don’t Focus on This Fixer-Upper

You don’t have to focus on every company that beats quarterly estimates to find the best stock picks. Lowe’s ($LOW) is a perfect example, as the co…

https://www.tipranks.com/news/lowes-stock-dont-focus-on-this-fixer-upper

Q2 2024 Lowe''s Companies Inc Earnings Call Transcript

Q2 2024 Lowe''s Companies Inc Earnings Call Transcript

https://www.gurufocus.com/news/2507055/q2-2024-lowes-companies-inc-earnings-call-transcript

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Lowe's Companies Inc. Price History

25.05.2024 - LOW Stock was down 5.0%

• The bearish movement in LOW today could be attributed to profit-taking by investors after a prolonged period of outperformance.
• The overall sentiment in the home improvement industry suggests a potential slowdown in consumer spending on big-ticket discretionary items like home improvement projects.
• Despite being a Dividend King, LOW's performance might have been overshadowed by concerns about future growth prospects in the face of inflation and high interest rates.
• The market may be reacting to the broader economic landscape, where uncertainties around rate cuts and consumer spending patterns are influencing investor decisions, leading to the bearish movement in LOW.

21.10.2023 - LOW Stock was down 6.1%

• Lowe's is set to report its Q3 earnings, and investors are keeping an eye on any potential impact from consumer spending softening.
• Analysts have noted that overall consumer appetite for home improvements has been softening, which could potentially affect Lowe's in the short run.
• The stock movement could also be influenced by the broader market sentiment, as the USD is weaker and the JPY is stronger due to expectations of the Bank of Japan tightening its monetary policy.
• Additionally, news about Microsoft hiring Sam Altman for an advanced artificial-intelligence research team is unrelated to Lowe's stock movement.

23.07.2024 - LOW Stock was up 1.9%

• LOW stock displayed significant bullish activity, with a notable increase of over 9% in the last three months.
• The strong performance in Q2 2024 earnings attributed to this bullish trend, receiving favorable reactions from investors.
• Discussions among analysts and investors on Lowe's and Home Depot's earnings calls highlighted Lowe's upward market trend.
• Despite market uncertainties as traders await the Federal Reserve Chair's speech, Lowe's stock demonstrated remarkable growth.

16.04.2023 - LOW Stock was down 4.4%

• Bill Ackman, the founder of Pershing Square Holdings, has a bullish stance on the consumer discretionary sector and LOW is one of his top holdings. However, this did not prevent LOW from experiencing a bearish movement today.
• Q1 big-box store results are coming in just ahead of summer home improvement spending, which is typically a busy season for LOW. However, economic worries may be affecting the overall market sentiment.
• LOW is set to report earnings on May 23rd and some analysts are bullish on the stock in the long-term. However, sentiment seems to be negative at the moment.
• It is unclear what specifically caused the bearish movement for LOW today, but it could be related to overall market sentiment or concerns about the upcoming earnings report.

15.08.2023 - LOW Stock was down 1.7%

• The bearish movement in LOW's stock today could be attributed to profit-taking by investors after a period of strong performance.
• The lack of any specific negative news or events related to Lowe's suggests that the market movement may be more driven by broader market trends or investor sentiment.
• It's possible that the bearish movement in LOW's stock is a result of overall market conditions or concerns about the broader economy.
• The absence of any significant news or announcements from Lowe's itself suggests that the market movement may be more influenced by external factors rather than company-specific developments.

27.05.2023 - LOW Stock was up 2.0%

• LOW had a bullish movement despite a recent rating downgrade due to difficult market conditions and a pullback in home improvement spending.
• Home Depot, a competitor of LOW, was mentioned in an article as a better option for income-focused investors due to its attractive dividend yield.
• An article about Black CEOs leading Fortune 500 companies was not directly related to the market movement of LOW.

26.05.2023 - LOW Stock was up 1.5%

• LOW had a bullish movement today, possibly due to the following reasons:
• The company's competitor, Home Depot, was recommended as a better option for income-focused investors in an article, which may have caused investors to shift their focus to LOW as an alternative option.
• The recent celebration of Juneteenth and the focus on Black CEOs in an article may have also positively impacted LOW's movement, as the company has a diverse leadership team that includes a Black CEO.
• However, it is important to note that the overall market movement and other external factors may have also played a role in LOW's bullish movement.

14.10.2023 - LOW Stock was up 5.3%

• Lowe's and Home Depot are predicted to experience their first annual sales drops in over a decade, indicating a challenging market environment.
• Analysts are closely watching Home Depot's Q3 earnings to see if improving financials can beat concerns about interest rates and inflation, which could impact Lowe's as well.
• Weak sales are expected from both Home Depot and Lowe's due to subdued housing demand and uneven consumer spending, as indicated by key demand indicators and revised sales expectations.
• Despite the challenges, Lowe's remains an attractive addition to portfolios due to its dividend history and aggressive buybacks.

27.01.2024 - LOW Stock was up 2.0%

• Despite a decline in Q4 comparable sales, Lowe's exceeded earnings expectations, demonstrating robust financial performance.
• The company's confidence in the home improvement sector may have positively influenced investor confidence.
• Emphasis on dividend stocks in the market likely played a role in Lowe's upward momentum, as investors seek stable and increasing returns.
• Lowe's resilience in overcoming challenges and maintaining an optimistic stance, coupled with the prevailing market interest in dividend-paying stocks, probably fueled the recent bullish trend in LOW.

31.06.2023 - LOW Stock was down 0.1%

• The bearish movement in LOW's stock today can be attributed to the following factors:
• 1. Partnership Expansion: The news of Lowe's expanding its pet supply partnership with Petco Health and Wellness Company might have been perceived as a deviation from its core business focus, leading to a negative sentiment among investors.
• 2. Technical Analysis: The article highlighting Lowe's bullish momentum from a technical analysis perspective might have raised expectations among investors, leading to a sell-off when the stock failed to meet those expectations.
• 3. Market Outlook: The tweet by "Bond King" Bill Gross, predicting a stock market slump due to economic slowdowns in the US and China, might have influenced investors' sentiment towards Lowe's and other stocks, causing a bearish movement.
• 4. Market Performance: The article discussing Lowe's outperforming the market over the past 15 years might have attracted profit-taking by investors who had benefited from the stock's long-term growth, contributing to the bearish movement.
• Overall, the bearish movement in LOW's stock today could be a result of a combination of factors, including concerns about partnership expansion, unmet technical analysis expectations, negative market outlook, and profit-taking.

11.06.2024 - LOW Stock was up 5.0%

• Rep. Josh Gottheimer's recent purchase of Lowe's (LOW) stock on June 28 may have positively influenced investor confidence in the company's future, potentially contributing to the bullish movement.
• The focus on undervalued stocks in a strong bull market could have prompted investors to identify Lowe's as a stock with growth potential.
• Anticipated increased consumer spending, particularly in home improvement establishments, might have further propelled Lowe's stock as consumers engage in home improvement projects during the summer.
• Collectively, positive investor sentiment spurred by political figures' investments, recognition of Lowe's as an undervalued stock, and anticipated consumer spending trends likely fueled the bullish movement experienced by Lowe's today.

07.07.2024 - LOW Stock was down 5.1%

• Experienced bearish movement today.
• Market anticipates a possible rate cut by the Federal Reserve.
• Focus on tech, financial, and consumer discretionary shares suggests investors are seeking sectors that perform well in a rate-cut environment.
• Market sentiment shifts may have influenced bearish movement in Lowe's stock.