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no way that low
Decent drop this week. We're getting closer ;)
Nice, 1st target 93 2nd 90
I sold half of my position today. I'm just waiting for the next dip to reload.
News: $LOW Lowe's Canada presents a total of $1.3 million to the Charles-Bruneau Foundation
Lowe's Canada presents a total of $1.3 million to the Charles-Bruneau Foundation Canada NewsWire BOUCHERVILLE, QC, July 6, 2019 For its second year as a Diamond Partner of the Tour CIBC Charles-Bruneau, Lowe's Canada brings together a team of some 120 cyclists BO...
In case you are interested Lowe's Canada presents a total of $1.3 million to the Charles-Bruneau Foundation
Factor we live here. How I ask? Stores are crap today, morale low, then what is this technology hub thing they are doing??? They venturing into some other industry?? Many want to know. makes no sense. Seems City of Charlotte & State both kicking in $$$ to help them build this on South end of Charlotte. The new Chicago today, we don't even go there any longer. Already surpassed all murders for all of last year as of last week. Murder rate very high and increasing weekly... Charlotte a very different place than it once used to be...
Now the County Commissioners are wanting to enact a 3rd new major tax increase this year and many folks being hurt badly financially because of it.. All Democrat Commission, all major City job Heads are now black too so no need to go on about how black folks are being suppressed- they hold all top positions in City as well as County police today...
Hey all what about this mega $Million technology HQ center Lowes is going to build on South end of Charlotte now? Will be Charlotte's newest skyscraper building after the new Duke Energy skyscraper HQ bldg... telling locals average job pays over $128K !!! Who, where, how? Damn cashiers here still making 10.00/hour after even 10 years !!
I sold all my shares today:)
Lowe's is adding a new Technology hub in Charlotte NC. They will be employing over 1600 employees focused on Technology. I have a feeling the market may view this positively and the PPS may go a little higher.
New cash dividend! This is questionable! Margin is still low so my questions are why the hike?
I’ve been reading some message boards and people post charts in the past like they are pros. I’m definitely not a pro nor claim to be one! Please don’t do this!!! You are only fooling yourself and other people’s hard earned $$$$!
Nice! My car is parked. Will add more around $88 if it comes. Still have dry power:)
Nice! I just added as well.
Lowe's $LOW Master Bounce Level Revealed
Shares of Lowe's (LOW) continue to fall sharply after their latest earnings report was horrid. The stock is down from a 52 week high of over $118 in April 2019 to its current $93.00 price. The exodus from the stock is getting overdone, but a swing trade bounce won't come into the stock until it tags $90. Once at $90, there is a multi-factor support level that will pop the stock to almost $100. Pro traders are eyeing $90 as a sweet swing trade level.
Gareth Soloway
InTheMoneyStocks
Lowe's Cos Inc $LOW Keeps Falling And It Can Go Lower
Lowe's Companies, Inc. (Lowe's) is a leading home improvement company. The Company operates approximately 2,370 home improvement and hardware stores in the United States, Canada and Mexico. Recently, the stock plunged sharply lower after reporting earnings that disappointed the street. Traders and investors should note that the stock actually topped out on April 17, 2019 at $118.23 a share. Today, the stock is trading lower by $2.13 to $93.21 a share. The stock is now trading below it's important 200-day moving average which puts the stock in a weak technical position. In the near term, the stock could have some short term support around the $90.00 area. Unfortunately, the bigger time frame charts are suggesting lower prices are still in the cards for LOW stock. The next major support level for the stock will likely be around the $75.00 level. This important support area is where the stock was defended back in September 2017, it will likely be defended again at that level when retested.
Nicholas Santiago
InTheMoneyStocks
$LOW HAS HOME DEPOT LOWERED EXPECTATIONS FOR LOWE'S?
Dependant on your perspective the chart of NYSE:LOW could be interpreted as bullish or bearish . Many of the indicators are positive but that may be offset by market sentiment in the retail sector. Home depot reported today and it was not exactly a blowout quarter, with as expected weather issues interfering with sales. Lumber prices were also an issue and that will be no different for Lowes. It is indeed difficult to make any trading decisions in the current market with such volatility but we believe that the correction in NYSE:LOW has a little further to go.
We have no position and will not make any call either way until after earnings but there is plenty of time to get involved.
$LOW HAS HOME DEPOT LOWERED EXPECTATIONS FOR LOWE'S?
Dependant on your perspective the chart of NYSE:LOW could be interpreted as bullish or bearish . Many of the indicators are positive but that may be offset by market sentiment in the retail sector. Home depot reported today and it was not exactly a blowout quarter, with as expected weather issues interfering with sales. Lumber prices were also an issue and that will be no different for Lowes. It is indeed difficult to make any trading decisions in the current market with such volatility but we believe that the correction in NYSE:LOW has a little further to go.
We have no position and will not make any call either way until after earnings but there is plenty of time to get involved.
I think tides are changing, look at the volume in the last 2 days! 2.6 million sell and 2.4 million buy. Big boys hard at work. Usually a good indication. Looking forward to Wednesday next week to confirm.
I bought a handful just now in after hours
I hope so. I've still got half my funds set aside from LOW stock I sold on the spike. I love building my position without having to add additional funds.
This is going lower. May take a couple weeks but 91 is looking good!
Lowes does offer tool rental at a few select locations buy nowhere near the scale that Home Depot offers it.
If Marvin doesn't perform for shareholders, I'm sure Lowes won't keep him.
One of the biggest things that lowes is lacking that Home Depot provides their customers is tool rental. I just read that Home Depot made the smart move and is adding to their tool rental program. I believe that adding tool rental to the stores would bring in customers. All of the sales that they ran last quarter with no employees in the stores to help customers did not help numbers any. Customers remember those shopping experiences where they could not find any help in the store, and then had to wait a long period of time in line to be checked out. They end up shopping with the competitor next time. Lowes needs to put the customers needs first and the numbers will improve IMO.
Bad earnings report now... You can thank Marvin Ellison. Look at JCP and see what his self-serving did there. Only good thing is JCP's new CEO and her top retail industry management team have merit-based comp plans now in place which is what other Corps should be doing! They only get future comp plans/bonuses in 3 years if they are successful for Shareholder invested amounts which is how it should be everywhere !
Getting close!
Thanks racer115. I may have been a little early though. We may hit at least you first target. If it drops to your second target, I'll be adding more as well.
Nice buy! Same store comp is better than expected. + a beat on hd
I just added at 98.35
Financials are coming soon! Always a gamble. My chips are off the table. Trend is my friend:)
Getting closer ;)
It's very possible we'll see that again, with the way the PPS has been dropping.
Thank you, looking for mid 90’s
Good call racer115. I'm hoping it dips much lower. I'm looking for $105 or hopefully lower before I start buying shares back again.
Share buybacks continue to push $LOW higher.
I'm holding a nice chunk of free shares. I don't see a real reason to sell the rest. I'm really just waiting for the next major dip to load up again.
And another Class Action still again !
LOWE’S DISCOUNTS DURING CLOSURE SALES
In April 2019, a class-action lawsuit was filed against Lowe’s for allegedly falsely advertising that customers would get “40%-60% off the lowest ticketed price” of items during a closure sale when, according to plaintiffs, customers didn’t always get the advertised discount. The complaint claims that the retailer sometimes overcharged customers for merchandise, failed to apply a discount of at least 40%, or did not apply any discount at all. (Dugo et al v. Lowe’s Companies, Inc., Case No. 19-cv-645, C. D. CA.)
Lowes has had so many wage, EEOC, FCRA, and FINRA violations just in the last several years. How much more before this retailer is brought to its knees?
idccwin you are right. And this new algorhythm program usage with employee work time and efficiency, blah, blah, blah... Hourly managers nationwide just filed major Class Action against Lowes/Ellison BOD as a whole for violating federal $ State wage laws, making them work "off the clock" and threaten with job loss ... You cannot do that !!
Fact finder, they will now have to use those funds to pay new Class Action suit plus Federal $ State Wage fines Ellsion created.
You were smart too, and get out of rest Monday IMHO, as Ole' Ellsion really is screwing up Lowes as expected. Now violating Federal & State wage laws to use hourly workers as "financial slaves" to benefit the corp's bottom line !!!
OK from NC central news, another major Class Action suit against Lowes Corp for violating Federal & State wage & hour laws !!!
Lowes has not been paying hourly management people minimum of 4 hours each week for a loooong time, having them work "off the clock" (pre shift) to the benefit of Lowes which is ILLEGAL to do !!!
This corp is as greedy & bad as Duke has become or Spectrum (Charter)... These North Carolina prideful dynasties are so damn corrupt today... Time to pay the Piper...
Lowes already has paid $10's of Millions out of court on other settlements to not go public in trial FYI... Yep. Ole' Ellison sure found a home for himself on this one... LOL
JC Penneys thanks you Ellison for finally leaving.
I just sold half of mine this morning. I'll add them back if we get a decent dip again though.
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Lowe’s Companies, Inc. is a home improvement retailer, with specific emphasis on retail do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers, who utilize its installation services, and commercial business customers. The Company offers a line of products and services for home decorating, maintenance, repair, remodeling and property maintenance. As of February 1, 2008, it operated 1,534 stores in 50 states and Canada, with 174 million square feet of retail selling space. Lowe’s Companies, Inc. serves homeowners, renters and commercial business customers. Homeowners and renters primarily consist of do-it-yourselfers, and others buying for personal and family use. Commercial business customers include repair and remodeling contractors, electricians, landscapers, painters, plumbers, and commercial and residential property maintenance professionals, among others. |
https://twitter.com/lowes http://www.lowes.com/l/company-information.html
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