Lowe’s Companies (LOW) Offering Possible 50.6% Return Over the Next 14 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 $149.00 short put and a strike $144.00 long put offers a potential 50.6% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $149.00 by expiration. The full premium credit of $1.68 would be kept by the premium seller. The risk of $3.32 would be incurred if the stock dropped below the $144.00 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 72.39 level which suggests that the stock is neither overbought nor oversold at this time.

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

Versace parent Capri Holdings and Ralph Lauren slump as luxury sales takes a hit during pandemic
Wed, 05 Aug 2020 20:11:00 +0000
Luxury fashion houses Capri Holdings and Ralph Lauren have seen declines as consumer attention turns elsewhere during the coronavirus pandemic.

RBA Ends 3-Month Hiatus, Offering to Buy A$500 Million of Bonds
Wed, 05 Aug 2020 01:41:41 +0000
(Bloomberg) — Australia’s central bank is returning to the government bond market after a three-month hiatus as it aims to re-anchor yields on the three-year security that it targets through its purchasing program.The Reserve Bank of Australia offered to purchase as much as A$500 million ($359 million) of federal government securities maturing in April 2023 on Wednesday, under its program to lower yields.Governor Philip Lowe announced the resumption of bond buying in Tuesday’s policy statement, when the board kept its interest rate and yield target unchanged at 0.25%. Three-year yields have been “a little higher than 25 basis points over recent weeks,” he said, adding that “further purchases will be undertaken as necessary.”The limited size of Wednesday’s offer reflects market movements following Lowe’s announcement Tuesday, which saw three-year government bond yields drop to lows 0.252%, from 0.268% at Monday’s close. However, today’s decision seemingly disappointed markets, with the three-year yield jumping to 0.259% at 11:17 a.m. in Sydney. The Australian dollar advanced 0.2% to 71.74 U.S. cents as of 11:25 a.m. in Sydney, rising for a second day.Christopher Kent, assistant governor who oversees financial markets at the central bank, gently signaled during a question-and-answer session after a speech last week that the RBA may re-enter the secondary market.“We notice it’s been rising a little bit of late but it does move around from day to day, week to week,” he said of the three-year yield. “That’s something we’re watching closely and we said, if we need to, if it was to move too far away from 25, then we would stand ready to buy more.”The RBA last purchased bonds on May 6, and had acquired A$51.35 billion ($36.8 billion) in face value of securities of various maturities issued by federal, state and territory governments since March 20, when it began purchasing notes following an emergency meeting in order to hold down borrowing costs across the economy.The RBA halted bond buying in May as yields stabilized across the curve and money-market stresses eased. The calm in fixed-income markets allowed federal and state governments to borrow at an unprecedented pace to fund record spending aimed at countering the economic impact of the pandemic. The federal government raised A$85.6 billion last quarter, more than twice as much as the previous record for sales set in the first three months of 2017.Australia’s currency has surged over the past four months as the RBA’s success in stabilizing markets spurred foreign demand for record debt sales.Lowe said in Tuesday’s statement the yield target “will remain in place until progress is being made toward the goals for full employment and inflation.”Australia’s economy slid into its first recession in almost three decades in the first half of this year as efforts to stem the spread of Covid-19 forced a shutdown of large tracts of the economy. The RBA, under a baseline scenario, sees output falling 6% in 2020 and then expanding 5% the following year.(Updates with purchase announcement from second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Why the Earnings Surprise Streak Could Continue for Lowe's (LOW)
Tue, 04 Aug 2020 16:10:04 +0000
Lowe's (LOW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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.

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