Wolfe Research updates on housing starts implications [Seeking Alpha]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=95223&p=irol-irhome
Company Research
Source: Seeking Alpha
Wolfe Research digs into the implications of yesterday's strong report on U.S. new housing starts (+20% Y/Y, +5.0% M/M) for Home Depot (NYSE: HD ), Lowe's (NYSE: LOW ) and Sherwin-Williams (NYSE: SHW ). Analyst Scott Mushkin: Housing starts growth is positively correlated to Hardline retail quarterly same-store sales (from 1Q99 to 1Q18, correlations for HD, LOW, and SHW SSS and housing starts growth are .76, .73, and .67, respectively). The new housing starts give further credence to both HD’s and LOW’s comments that SSS for May were trending double-digit positive, and we forecast comp growth in the upcoming quarter for HD, LOW, and SHW of 7.0%, 5.0%, and 8.0%. Adding to our positive view, retail sales reported last week for building materials rose +5.3% Y/Y. Previously: Housing starts rises faster than anticipated (June 19) Click to subscribe to real-time analytics on HD Now read: Home Depot Earnings Surprise Tuesday? »
Show less
Read more
Impact Snapshot
Event Time:
LOW
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LOW alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LOW alerts
High impacting Lowe's Companies, Inc. news events
Weekly update
A roundup of the hottest topics
LOW
News
- Lowe's Companies, Inc. (NYSE: LOW) had its price target lowered by analysts at Evercore ISI from $280.00 to $275.00. They now have an "in-line" rating on the stock.MarketBeat
- Axonify Releases Enhanced Frontline Training Amid Rising Workplace Violence and Fraud Crisis [Yahoo! Finance]Yahoo! Finance
- Older Floridians are going back to work as life gets less affordable [Yahoo! Finance]Yahoo! Finance
- U.S. Flooring Market to Hit Valuation of USD 30.51 Billion By 2032, at 4.31% CAGR: Astute Analytica [Yahoo! Finance]Yahoo! Finance
- Solar Eclipse Eye Safety: How to Protect Your Eyes When Viewing Nature's Wonder [CNET News]CNET News
LOW
Earnings
- 2/27/24 - Beat
LOW
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- LOW's page on the SEC website