-
Lowes Stock Is On The Rise After Earnings, Despite Housing Market Dip
| Jeffrey Greenberg/Universal Images Group via Getty Images Key Takeaways As the housing market slows, more homeowners are choosing to improve their current homes. Online sales and purchases of $500 or more continue to increase for Lowe’s. The company is working to improve efficiency and market penetration to help grow its business. Lowe’s has been Home Depot’s little, perhaps understated, brother in the home improvement marketplace for some time. While management has tried to replace its rival as the top retailer in the space, it has consistently come up short. This holiday season, there is renewed hope that Lowe’s can overcome its standing as the second-largest home improvement retailer. Here…
-
Storm Watch 2022: Time to Stock Up on Home-Improvement Shares?
Accuweather delivered its forecast for the 2022 storm season in April, and the season looks to be a whopper. At least 20 major storms are predicted, marking the seventh year in a row of above-average Atlantic hurricane activity. Home-improvement giants Home Depot ( HD -3.30% ) and Lowe’s ( LOW -3.89% ) are on track for another banner season following gains over the last five years. Home-improvement retailers continue to see brisk business from homeowners and professional builders alike. These stocks seem poised for a repeat performance of recent gains – which could be bigger than ever this year – and position investors for long-term success in this and storm…