Lowe’s Companies (LOW) Offering Possible 34.77% Return Over the Next 17 Calendar Days

Lowe's Companies's most recent trend suggests a bullish bias. One trading opportunity on Lowe's Companies is a Bull Put Spread using a strike $147.00 short put and a strike $142.00 long put offers a potential 34.77% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $147.00 by expiration. The full premium credit of $1.29 would be kept by the premium seller. The risk of $3.71 would be incurred if the stock dropped below the $142.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Lowe's Companies is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Lowe's Companies is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Lowe's Companies

Lowe-LISC Partnership To Provide Relief Grants Up To $20,000
Sun, 02 Aug 2020 17:57:27 +0000
Small businesses who are facing financial pressures due to COVID-19 across the United States can now apply for relief grants from Lowe's Companies Inc. (NYSE: LOW).What Happened: The retail company has reportedly joined hands with a non-profit organization Local Initiatives Support Corporation (LISC). Lowe had earlier provided a $55 million commitment grant to the group through which LISC is now providing emergency grant assistance that small businesses desperately need to stay afloat.Why It's Important: The group has allocated $30 million to assist small business owners or enterprises led by minorities and women. The remaining $25 million is allocated in supporting enterprises in rural communities.LISC is now providing grants up to $20,000 to small business owners who might need it for: * Paying rent and utilities * Meeting payroll * Paying outstanding debt to vendors * Upgrading technology infrastructure * Other immediate operational costsLowe's President and CEO Marvin Ellison, while commenting on the partnership said, "Together, we can make a meaningful difference, especially for those in historically disinvested communities and areas hit hardest by COVID-19."What's Next: Business owners can now apply for the grant until Monday, as 3rd August is the application deadline. Those who are willing to apply can click here for more details on the application.Related Links: Lowe's boosts total pandemic assistance to nearly 0 million with additional bonus to support frontline associates in AugustSee more from Benzinga * Uncertainty Surrounds Microsoft's Potential TikTok Acquisition * Salmonella Outbreak Linked To Red Onions: FDA * Bitcoin Crosses ,400 Mark, Beats Major Indexes In July Gains(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Lowe's boosts total pandemic assistance to nearly $600 million with additional bonus to support frontline associates in August
Thu, 30 Jul 2020 14:31:00 +0000
Lowe's Companies, Inc. (NYSE: LOW) today announced it will provide an additional $100 million in bonuses to assist associates with unforeseen expenses and hardships, increasing the company's total commitment to associates and communities during the pandemic to nearly $600 million.

Sherwin-Williams Stock Is Gaining. Everyone Is Painting During the Pandemic.
Wed, 29 Jul 2020 15:53:00 +0000
The pandemic has made interior decorators of us all. Sherwin-Williams (ticker: SHW) said it earned $7.10 a share on revenue that fell 5.7% year over year to $4.6 billion. Analysts were looking for earnings per share of $5.70, on revenue of $4.55 billion.

Simpson Manufacturing Inc (SSD) Q2 2020 Earnings Call Transcript
Tue, 28 Jul 2020 01:30:28 +0000
Now I would like to turn the conference over to Karen Colonias, Simpson's President and Chief Executive Officer. This, when coupled with our effective expense management, resulted in a 35% year-over-year increase in our income from operations to $72.2 million and strong earnings of $1.22 per diluted share.

ANGI Homeservices and Lowe's announce partnership
Mon, 27 Jul 2020 13:16:00 +0000
Lowe's Cos. and ANGI Homeservices Inc.'s HomeAdvisor announced a new partnership Monday. The two companies have arranged for Lowe's for Pros Loyalty Members to get a year-long HomeAdvisor subscription for free. Those who qualify will also get a credit for an average of 10 free leads through the HomeAdvsior platform. ANGI shares are up 0.8% in premarket trading Monday, while Lowe's shares are up 0.4%. ANGI's stock has gained 126% over the past three months as Lowe's stock has increased 44%. The S&P 500 has risen 12% in that span.

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