Lowe’s Companies (LOW) Worth Watching: Stock Gains 6.4% – Tale of the Tape

Zacks

Lowe's Companies Inc. (LOW) was a big mover last session with its shares rising over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has gained over 16% in the past one-month time frame.

This home improvement retailer has seen no estimate revision in the last 30 days. However, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

Lowe's Companies currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Investors interested in the broader retail sector may consider stocks like Best Buy Co., Inc. (BBY), Safeway Inc. (SWY) and The Kroger Co. (KR). While Best Buy and Safeway sport a Zacks Rank #1 (Strong Buy), Kroger carries a Zacks Rank #2 (Buy).

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