Lowe's rides higher after Home Depot reports

Shares of Lowe's (LOW) move 2.2% higher in premarket trading after Home Depot shows double-digit comparable store growth during its FQ2.

Though Home Depot's management seemed to pull all the right levers once again with store management, there was more than enough of a positive read-through on housing renovation demand and seasonal outdoor spending to lift Lowe's.

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