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 $100.00 short put and a strike $95.00 long put offers a potential 5.93% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $95.00 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 at 77.85 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Lowe's Companies
See what the IHS Markit Score report has to say about Lowe's Companies Inc.
Tue, 16 Jul 2019 12:01:37 +0000
Lowe's Companies Inc NYSE:LOWView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for LOW with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting LOW. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold LOW had net inflows of $9.10 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. LOW credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
3 Big Stock Charts for Monday: Lowe’s, Netflix and Edison International
Mon, 15 Jul 2019 12:36:26 +0000
The market logged its fourth straight day of gains on Friday, fighting its way a little deeper into record-high territory for the last three. It all feels a bit artificial, but it's not a train anybody dare risk jumping in front of.Source: Shutterstock Facebook (NASDAQ:FB) did more than its fair share of heavy lifting, up nearly 2% after the Federal Trade Commission settled its anti-privacy claim against the company for an affordable $5 billion. More importantly, the settlement puts the nagging matter in the past. Infosys (NYSE:INFY) logged the best gain for the day, however, up more than 6% in response to an impressive first quarter.Weighing the market down more than any other name was Johnson & Johnson (NYSE:JNJ). Shares of the healthcare company fell 4% on new accusations that it knowingly lied about the cancer risks related to its talc products. It has prompted a criminal probe.InvestorPlace – Stock Market News, Stock Advice & Trading Tips * 10 Stocks Driving the Market to All-Time Highs (And Why) As the new week's trading action gets going, however, its the stock charts of Netflix (NASDAQ:NFLX), Lowe's (NYSE:LOW) and Edison International (NYSE:EIX) that merit the closest looks. Here's what's most noteworthy about each. Edison International (EIX)Like most other utility names, Edison International investors enjoyed a fruitful June. Unlike most utility stocks, however, EIX has continued to charge higher in July, avoiding the slowdown that has adversely impacted other names in the business.Shares have finally hit a headwind at fairly well-established technical resistance. And, they're now officially overbought. If traders can pull off a miracle and continue to march higher, however, there's little left to hold the move back until much, much higher. Click to Enlarge * The ceiling in question is right around $71, marked in yellow on both stock charts. That's where Edison peaked in October, and where it stopped advancing last week. * Still, the volume behind the recent rally has been abnormally high. It has been induced by headlines related to last year's wildfires in California, but there's a horde of buyers amassing all the same. * Should EIX manage to break out, there's not another established technical ceiling in place until 2017's highs near $82. Lowe's (LOW)The recent rally from Lowe's is a rather significant, given it has only been in place since late May. Shares are up 16% in just that eight-week stretch. There's room and reason for LOW to continue moving higher, however. In fact, it's more likely to do that — in spades — than not. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Click to Enlarge * It's apparent on the daily chart, though more so on the weekly chart, that the rebound was prompted by an encounter with a rising support line that extends back to 2017's low. * The same weekly chart also illustrates where the most likely upside targets are. There's a horizontal ceiling near $118, marked in red, then there's the upper boundary of the rising trading channel. * Although the past couple of months have looked and felt overly bullish, the advance is still in its infancy. We don't yet have a MACD crossover on the weekly chart, and we're nowhere near close to being stochastically overbought. Netflix (NFLX)A month and a half ago, Netflix was on the verge of a serious meltdown. A horizontal floor was crumbling, and the 200-day moving average line (plotted in white on both stock charts) was under attack as support. And, both were happening right after NFLX bumped into a horizontal ceiling, plotted as a white dashed line on both stock charts.The stock ended up evading disaster, pushing up and off the 200-day moving average line after all. But, last week, that technical ceiling once again came back into play. It not only capped the rebound effort, but appears to have rekindled the selling. Click to Enlarge * Friday's 1.9% slide was not only a pullback on a day the overall market tide was bullish, it took shape on a suspiciously high level of volume — particularly for a Friday. * The previous technical floors are still floors. That's the horizontal floor at $342.20, plotted in yellow, and the 200-day moving average line currently at $338.17. * The narrow trading range is well established. Having been in place for a while, any break outside of it could set up a prolonged move to make up for lost time as pent-up action is unleashed.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 3 Big Stock Charts for Monday: Lowe's, Netflix and Edison International appeared first on InvestorPlace.
Why Goldman Sachs Is Bullish on Home Depot, Lowe’s
Fri, 12 Jul 2019 13:06:56 +0000
On Thursday, Goldman Sachs initiated coverage on Home Depot and Lowe’s with “buy” ratings and price targets of $235 and $119.
THE LIST: North Carolina's top 100 public companies
Fri, 12 Jul 2019 10:43:01 +0000
In recent weeks we’ve looked at Charlotte-based public companies and their highest-paid executives. Bank of America Corp. (NYSE:BAC) tops the list with a market capitalization of $238 billion. BB&T Corp. (NYSE:BBT), No. 4 on The List with market capitalization of $33 billion, will also be based in Charlotte after its pending merger with SunTrust Banks Inc. is completed.
Why Soaring Homebuilding Stocks May Plunge Even As Fed Cuts Rates
Thu, 11 Jul 2019 16:49:20 +0000
Among the negatives are falling builder confidence, rising costs, labor shortages, trade tensions with China that may disrupt supplies of materials, and disappointing recent sales figures, according to a detailed story in The Wall Street Journal as outlined below. The S&P Homebuilders Select Industry Index has surged by 28.5% for this year through July 10, outdistancing the 19.4% gain for S&P 500 Index (SPX), per S&P Dow Jones Indices. A leading ETF tracking the homebuilding index, the SPDR S&P Homebuilders ETF (XHB), is up by 29.7% based on adjusted closing price data from Yahoo Finance.
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