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Lowe's Companies, Inc. (LOW)

- NYSE
  • Jan. 20, 2012, 1:42 PM
    A slightly worse-than-expected report on home sales pushes shares of home improvement giants Home Depot (HD -2.2%) and Lowe's (LOW -2.5%) lower, while materials seller USG takes the news even worse - shedding 6.2% off its share price.
    | 4 Comments
  • Jan. 20, 2012, 8:32 AM
    2011 could end up being the first time since 2006 when spending on home improvements increased from the prior year, according to IHS Global, which sees the trend continuing in 2012. "People are remodeling instead of moving," says the chief economist with the NAHB.
    | 4 Comments
  • Jan. 18, 2012, 12:50 PM
    It's only January 18, but is it possible the 2012 housing rebound play is already getting a bit crowded? The XHB +10.9%, TOL +14.3%, LEN +16.3%, HD +6.3% YTD. Even bigger winners are building materials firms, USG +42.5%, PATK +50% YTD. Arguing for an even bigger run is most of these stocks are higher off of very low bases.
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  • Dec. 29, 2011, 1:04 PM
    Not bullish on housing prices, Josh Brown is "bullish on the velocity of activity" in the property sector as foreclosures churn. No matter the house, about the first thing a new homeowner does is some sort of improvement. Also helping is a sense that the big-money is getting involved in the sector. His full list of home-remodeling plays.
    | 1 Comment
  • Dec. 29, 2011, 10:22 AM
    Lowe's (LOW +1.8%) says it snapped up privately-held ATG Stores for an undisclosed amount. The firm says ATG will remain a wholly owned subsidiary and maintain separate branding for its home improvement and lifestyle products that are offered online. (PR)
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  • Dec. 27, 2011, 10:18 AM
    Gabelli expects housing starts to continue growing in 2012, and sees this trend as a positive for Lowe's (LOW +1.4%). Moreover, given Lowe's generates much of its sales from heavy items such as appliances and building materials, the firm doesn't expect online retailers to do much damage to its business.
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  • Dec. 22, 2011, 6:12 PM
    The one part of housing that's doing well is remodeling, and Jerry Khachoyan's charts pinpoint stocks flirting with attractive entry points: Watch home improvement chains HD and LOW, building products maker MAS, and paint manufacturers SHW and VAL, plus Toll Brothers (TOL), which caters to the affluent who convert rental apartments into luxury homes.
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  • Dec. 19, 2011, 11:29 AM
    J.P. Morgan's Tom Lee and five other top Wall Street pundits reveal their 2012 picks to USA Today. "Treat 2012 as a post-financial crisis year - the template is 2009," Lee suggests; if Europe's crisis stabilizes, he says financial and consumer discretionary stocks could soar. Among pundit faves: AAPL, LOW, UNH, DELL, PEP, JNJ, INTC, SU, JCI.
    | 1 Comment
  • Dec. 14, 2011, 1:05 PM
    Lowe's (LOW +0.6%) walks into a giant buzzsaw after it pulls its advertising from a reality show about Muslim families due to protests from a conservative group. Politicians have grabbed ahold of the issue to rail against the company from the House floor (video), while celebs take to the media to call for boycotts of the company's stores.
    | 13 Comments
  • Dec. 12, 2011, 11:17 AM
    Lowe's (LOW -1.9%) faces some backlash after pulling ads from a reality show centered on American Muslims after a conservative group complained about the program's so-called propaganda. A state senator from California is holding Lowe's feet under the fire, labeling the action by the home improvement retailer as a form of discrimination.
    | 7 Comments
  • Dec. 7, 2011, 12:47 PM
    Jefferies raises its price target on shares of Lowe's (LOW +1.2%) to $22 from $20, telling clients that it sees risks for the company including its shift in pricing strategy along with the significant cuts in inventory and advertising spending it's implementing. Analysts keep a Hold rating in place for LOW.
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  • Dec. 6, 2011, 4:02 PM
    Lowe's (LOW +1.7%) moves up after affirming its FY12 outlook, now expecting to earn $1.37 to $1.40 a share. Comparable-store sales should fall 1% while total sales for the year should rise 2% to 3%.
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  • Dec. 2, 2011, 3:19 PM
    Lowe's (LOW +1.6%) gets a boost from an upgrade to Buy at Goldman, citing management's efforts to improve store presentation, upgrade technology and overhaul and enhance marketing strategies. Additionally, for those who might be a bit gun-shy or risk averse in this volatile market, Goldman suggests possibly hedging your long position in Lowes against a short position in Home Depot (HD +1.8%).
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  • Nov. 30, 2011, 1:48 PM
    The uncertainty over Kraft's (KFT) proposed split makes the company among the more conspicuous among Gimme Credit’s latest list of the 10 investment-grade companies whose bonds are most likely to lag the broad market over the next three to six months. Also: LOW, TGT, CSC, BNPQY.PK, RBS, DTEGY.PK, WMB, EQT, ETP.
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  • Nov. 21, 2011, 2:43 PM
    Fitch Rating lifts its credit rating on Home Depot (HD -2.5%) a notch to A-minus and keeps a Stable outlook in place - actions that stand in stark contrast to the two-level ratings cut it lopped on HD's rival Lowe's (LOW -1.2%) last week. The agency pointed to Home Depot's operating momentum, strong cash flow, and positive same-store sales in lining up its upgrade.
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  • Nov. 14, 2011, 1:56 PM
    Lowe's (LOW +1.9%) CEO Robert Niblock says in an earnings CC the company will keep a sharp focus on growing its online sales as comparable store sales are projected to flatline. He notes 260K items will be available online by the end of the year, providing customers "an endless aisle."
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Company Description
Lowe's Companies Inc is a home improvement retailer, which serves home-owners, renters and Commercial Business Customers.