Lowe's and Home Depot are outperforming on interest rate cut enthusiasm
Analysts and investors are increasing their interest in the home improvement sector after the Federal Reserve lowered benchmark interest rates for the first time in four years. Lowe's Companies (NYSE:LOW) tracked higher in early trading on Tuesday after Oppenheimer upgraded the home improvement retailer to an Outperform rating after having it set
Home Depot and Lowe's are already seeing the first of many likely benefits from the Fed's rate cut
Share prices for Home Depot and Lowe's are riding high following the Fed's interest rate cut, which is likely to spur home improvement spending.
Fed lower rates by 0.50 percentage points, its first cut since 2020
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
Will the Fed cut interest rates again this year? Experts weigh in.
MORE: What does the Fed interest rate cut mean for mortgages and homebuyers? By the end of 2024, interest rates will fall another half of a percentage point from their current lev
Biden says Fed made 'declaration of progress' with interest rate cut
President Joe Biden said Thursday the Federal Reserve's decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump's economic policies as a failure in the past and sure to “fail again” if revived.
Fed Rate Cut Seen as Politically Driven, Likely to Escalate Inflation
Arthur Hayes, co-founder of BitMEX, has voiced concerns that the recent U.S. Federal Reserve rate cut could have been politically motivated to influence upcoming elections, potentially leading to increased market volatility and inflation.
US Federal Reserve slashes interest rates by half a point, first cut in four years
Central bank’s aggressive move follows a gradual reduction in US inflation and comes less than two months before election day
Analyst hammers out new stock price targets for Home Depot, Lowe's
Marvin Ellison at Lowe's told analysts that "there still remains a great deal of uncertainty, particularly around interest ...
Lowe's Set For 'Delayed Benefits' From Macro Demand Improvements, Says Optimistic Analyst
Lowe's is poised to witness stronger demand for home improvement as rates are cut by the Fed. Analyst upgrades stock.
Shop the best deals at Lowe's this fall on drills, grills and more
Enjoy massive discounts at Lowe's on tools, mowers, appliances and other home improvement essentials this fall.
After Q2 Struggles, Lowe's Stock Price Appears Higher Than Justified
Lowe's stock approaches a 52-week-high, but weak sales and debt issues create uncertainty. Learn why LOW is rated hold at ...
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Lowe's Stock Eyes Record Highs After Bull Note
While the stock is up nearly 18% since the beginning of the year, 14 of 30 covering brokerages rate the equity a tepid "hold.
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Police: Bystander shot at shoplifting suspect's car at Morganton Lowe’s
Police say a bystander shot at the vehicle as it left the Morganton hardware store on Tuesday. That person stayed on the scene to talk with law officers, officials with the Morganton Department of ...
Nailing It, But Barely: Lowe's Solid History Meets Uncertain Future
Lowe's valuation is high, trading at a P/E of 20.9x, suggesting either future growth optimism or overvaluation; wait for a ...
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This summer make your backyard the envy of the neighborhood! With a few beautiful updates you can give your yard a complete makeover. And with Lowe's, upgrading your backyard is easier than ever! Find ...
3 suspects sought after reported shoplifting at Holly Springs Lowe’s Home Improvement, officials say
Three suspects are wanted in connection with a shoplifting incident at a Lowe’s Home Improvement in Holly Spring Thursday evening.
Home Furnishing and Improvement Retail Stocks Q2 Results: Benchmarking Lowe's (NYSE:LOW)
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the home ...
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Lowe's, Home Depot Comparable Sales Weakness to Persist Near Term, Oppenheimer Says
Home improvement retailers Lowe's (LOW) and Home Depot (HD) likely won't return to positive comparable sales growth until the second half of 2025 as it may take substantial time for reduced interest ...