Lowe's Companies's most recent trend suggests a bearish bias. One trading opportunity on Lowe's Companies is a Bear Call Spread using a strike $200.00 short call and a strike $220.00 long call offers a potential 10.31% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $200.00 by expiration. The full premium credit of $1.87 would be kept by the premium seller. The risk of $18.13 would be incurred if the stock rose above the $220.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Lowe's Companies is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Lowe's Companies is bearish.
The RSI indicator is at 47.1 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Lowe's Companies
Lowe's Q1 Earnings: 3 Standout Numbers
Thu, 20 May 2021 15:47:37 +0000
Lowe's (NYSE: LOW) investors have a few good reasons to celebrate in early 2021. Sure, the home improvement giant's first-quarter report failed to extend its streak of market share wins against industry leader Home Depot (NYSE: HD). Comparable-store sales rose 26% overall year over year and increased 24% in the core U.S. market.
Lowe's 1st-Quarter Earnings Numbers
Thu, 20 May 2021 15:30:56 +0000
Cost-cutting efforts combined with better store traffic helped surpass earnings and revenue projections
Is Lowes Companies (LOW) Stock Outpacing Its Retail-Wholesale Peers This Year?
Thu, 20 May 2021 15:30:03 +0000
Is (LOW) Outperforming Other Retail-Wholesale Stocks This Year?
US Indexes Continue Selloff Wednesday for Another Lower Close
Thu, 20 May 2021 14:57:53 +0000
S&P 500 down -0.29%
Lowe’s Tops Q1 Expectations; Shares Dip
Thu, 20 May 2021 13:29:34 +0000
Lowe’s Companies Inc. (LOW) reported better-than-expected first-quarter results, backed by continued demand for home products. The home improvement company’s sales came in at $24.42 billion, up 24.1% year-over-year, surpassing the Street’s estimates of $23.46 billion. Earnings stood at $3.21 per share, up 81% year-over-year, and beat the Street’s estimates of $2.56 per share. Lowe’s operates as a home improvement retailer in the United States, Canada, and Mexico, offering a line of products for construction, maintenance, repair, remodeling, and decorating. Despite the strong results, shares of the company fell 1% to close at $190.72 on May 19, amid concerns about challenges in the housing market, such as high lumber prices. Consolidated comparable sales were up 25.9% and U.S. comparable sales increased 24.4%. By the end of the quarter, the company operated 1,972 retail stores in the United States and Canada, and serviced around 230 dealer-owned stores. (See Lowe’s stock analysis on TipRanks) Commenting on the results, Marvin R. Ellison, Lowe’s president and CEO said, “Our outstanding performance continued this quarter, as we delivered strong sales growth and operating margin expansion. We delivered over 30% growth in Pro, over 18% growth in all 15 U.S. regions, and growth in Canada that outpaced the U.S… Looking forward, I remain confident in our ability to accelerate our market share gains while driving further improvement in operating margin.” During the quarter, the company repurchased shares worth $3.1 billion and paid $440 million in dividends. The company’s current quarter sales are well ahead of its full-year 2021 guidance of $86 billion. In April, Lowe’s completed the acquisition of the STAINMASTER brand, one of the most recognized carpet brands in the U.S., adding to the company’s portfolio of private brands. Recently, Oppenheimer analyst Brian Nagel assigned a Buy rating to the stock with a price target of $235, which implies 23.2% upside potential to current levels. Nagel said, “While we remain concerned with likely softening sales and earnings trends at the company, as COVID-19 tailwinds continue to abate, we now view LOW as particularly attractive versus shares of other leading hardlines chains, including Home Depot, given a discounted share valuation and still significant business model slack.” Consensus among analysts is a Strong Buy based on 17 Buys and 3 Holds. The average analyst price target stands at $229.82 and implies upside potential of 20.5% to current levels. Shares have gained 18.9% year-to-date. Lowe’s scores a “Perfect 10” from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Related News: Great-West Lifeco Will Host Empower Retirement Investor Day on June 8 CAE Q4 Profit Drops 77% on Weaker Aviation Demand; Shares Plunge 8% TerrAscend Q1 Sales More Than Double, Raises Guidance for 2021 More recent articles from Smarter Analyst: Raytheon Partners with GLOBALFOUNDRIES to Enhance 5G and 6G Connections JetBlue Introduces Lower Fares into Transatlantic Air Travel Market Zoom Launches Zoom Events Platform; Street Sees 38.8% Upside Facebook Cites Technical Issues in Restricting Child Abuse Images – Report
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