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LOWC34 trade ideas

Just Get LowThe market's lately have been undergoing a defensive and value rotation. Things are starting to clear up and the koyfin shows that XLY is one of the outperformers compared to the SPY. Digging deeper into the sectors holdings NYSE:LOW and a few other names are starting to get money rotated into them. Despite this, I think this move will happen quick, so holding a Longterm position wouldn't be smart. The information that leads me to this thesis is NYSE:LOW 's option chains more specifically the $250 strike has a call wall. Now if we get a gap and continue this strength, we will have a longer lasting move, even past target 2 at $253.19. NYSE:LOW from a structure standpoint looks like it's ready to break the watering hole and it set a technical bottom and a liquidation bottom.
NYSE:LOWLong
by OakFDom
Lowe (NYSE: $LOW) Report's Q2 2024 Earnings ResultsLowe’s (NYSE: NYSE:LOW ), the second-largest home improvement retailer in the U.S., reported its fiscal second-quarter earnings, highlighting a challenging environment marked by weaker-than-expected DIY sales and broader economic pressures. While the company managed to beat earnings expectations, it missed on revenue and subsequently cut its full-year outlook, reflecting the hurdles it faces in a cooling home improvement market. Earnings Overview For the quarter ending August 2, Lowe’s reported earnings per share (EPS) of $4.10, surpassing Wall Street's expectations of $3.97. However, net sales came in at $23.59 billion, falling short of the $23.91 billion anticipated by analysts. This marks the sixth consecutive quarter of declining sales, underscoring the difficult landscape for home improvement retailers as consumers pull back on discretionary spending. Net income for the quarter dropped to $2.38 billion, or $4.17 per share, down from $2.67 billion, or $4.56 per share, in the same period last year. This decline was somewhat offset by a $43 million pre-tax gain from the sale of Lowe’s Canadian retail business, which added 7 cents to the EPS for the quarter. Declining Sales and Revised Outlook Comparable sales, a key industry metric that excludes the effects of new store openings and closures, declined by 5.1% in the quarter. This was worse than the 4.11% drop analysts had expected, as Lowe’s customers took on fewer DIY projects amid a "pressured macroeconomic environment." The company also cited unfavorable weather conditions as a factor hurting sales, particularly in outdoor and seasonal categories. In response to these challenges, Lowe’s revised its full-year forecast, now expecting total sales between $82.7 billion and $83.2 billion, down from its previous guidance of $84 billion to $85 billion. The company also lowered its expected decline in comparable sales to a range of 3.5% to 4%, compared to the earlier forecast of a 2% to 3% drop. Adjusted earnings per share are now projected to be between $11.70 and $11.90, down from the prior range of $12.00 to $12.30. Economic Headwinds Lowe’s struggles are reflective of broader economic trends affecting the home improvement sector. Higher mortgage rates and increased borrowing costs have dampened demand for new homes, which in turn has weighed on sales at both Lowe’s and its larger rival, Home Depot. In addition, a sense of economic uncertainty has led consumers to adopt a more cautious approach, deferring large home improvement projects and focusing on smaller, essential repairs. Home Depot, which reported its earnings a week earlier, also issued a bleak outlook for the second half of the year, citing similar economic concerns. Both companies are facing the dual challenges of rising costs and weakening consumer demand, making it difficult to sustain the robust growth seen during the pandemic when home improvement projects surged. Technical Aspects From a technical standpoint, Lowe’s is grappling with multiple pressures. The declining sales reflect not just a pullback in consumer spending, but also the impact of higher input costs and a challenging macroeconomic environment. The company’s gross margins are being squeezed as it tries to balance competitive pricing with inflationary pressures on materials and labor. Moreover, Lowe’s online business and sales to home professionals, such as contractors and electricians, have shown some resilience, partially offsetting the declines in DIY sales. However, these segments alone may not be sufficient to counterbalance the broader slowdown in consumer spending on home improvement. Lowe’s has also been investing in its digital and supply chain capabilities to improve efficiency and customer experience. While these investments are critical for long-term growth, they come at a time when the company is facing near-term revenue pressures, creating a delicate balancing act between managing costs and driving future growth. Market Reaction and Outlook Despite the challenges, Lowe’s stock has been relatively resilient, closing at $243.21 on Monday, representing a year-to-date gain of approximately 9%. However, this lags behind the S&P 500’s nearly 18% increase over the same period, indicating that investors are cautious about the company’s near-term prospects. As of the time of writing, Lowe's stock ( NYSE:LOW ) is up 0.58% in Tuesday's premarket trading. As Lowe’s navigates the remainder of 2024, the focus will likely be on managing costs, optimizing its product mix, and leveraging its professional services to stabilize revenue. The revised outlook suggests that Lowe’s is preparing for a tougher second half of the year, with expectations of continued economic uncertainty and subdued consumer demand. In conclusion, while Lowe’s managed to exceed earnings expectations in Q2, the challenges it faces are significant. The cut in full-year guidance reflects the reality of a cooling home improvement market and the broader economic headwinds that are likely to persist in the coming quarters. As the company continues to navigate these challenges, its ability to adapt to changing consumer behaviors and macroeconomic conditions will be critical to sustaining its long-term growth trajectory.
NYSE:LOWLong
by DEXWireNews
Lowe's Potential Downtrend Line Breakout At $247.19 20.08.2024Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NYSE:LOWLong
by Stuart_Cowell
Low BonanzaAll elements are envisioned potential support/resistance zones/forces. My main bias would be for a ping pong between the pink rectangle, the purple curve, the red long plank and an incursion towards the last red, but I am open to other scenarios as well, watching the price action at any of the elements that the market will reach. The marked price levels can be for both types of scenarios: reversals or just consolidation and a break, while at the other stuff, especially rectangles, I am hoping we will see at least 1 reversal of the previous momentum and sentiment. Will post updates.
NYSE:LOW
by nen
LOW might go low before it goes highNever financial advice. Just offering perspective. Would like to see a move into 220.89 area before pushing and holding above 229.98, using that as a support level. The other possibilities are to revisit 215.62 and get as low as 213.89. Losing 213.89 would signal bears regaining full control and a likely retest of 205.64(from a weekly perspective). These levels under 220.89 seem less probable, but not out of the question. I like 220.89, cutting at 220.60 and reassessing is tight protection from more downside and opportunity for discounted entry for bull case. Though I prefer to see a pullback to then get going, LOW is showing signs of urgency to move higher continuing the current Daily uptrend. However, there is an area of 230.21-231.11 on a weekly view, that bulls have to step in or we may see a touch and go heavy rejection there. Prefer to see a pullback to retest 220.89 to then look for a target at 229.98, IF bulls claim 231.11... 238.19, 248.16, 257.25. Be aware that this analysis is on a higher timeframe of a daily and weekly perspective and may take time to develop.
NYSE:LOWLong
by bwinvests
Lowe's Beats on Earnings and RevenueLowe's shares ( NYSE:LOW ) rose in pre-market trading after the retailer reported first-quarter earnings that beat analysts' estimates, despite declining from the year-ago period amid a pullback in home-improvement spending. The company said growth in digital sales and market share among professional contractors helped partially offset a continued slowdown in sales of big-ticket items. Lowe's ( NYSE:LOW ) affirmed its full-year guidance, projecting revenue and diluted earnings per share (EPS) roughly in line with analyst estimates. Sales have fallen in recent quarters for Lowe's and rival Home Depot ( NYSE:HD ) amid a slowdown in spending on do-it-yourself (DIY) projects and big-ticket items as inflation weighs on many consumers. The company said growth in its digital sales and market share among professional contractors, an area in which Home Depot is also looking to expand, helped partially offset the continued decline in DIY big-ticket spending. In Tuesday's earnings report, Lowe's affirmed its outlook for the full fiscal year, projecting comparable store sales to decline by 2% to 3% for the year. The company said it anticipates revenue to come in from $84 billion to $85 billion, in line with the $84.25 billion analysts projected, and a decrease from the $86.38 billion in revenue that Lowe's generated in fiscal 2032. Lowe's said it expects diluted earnings per share (EPS) within a range of $12 to $12.30, with analysts expecting around $12.18, down from last year's $13.20. Shares were up 3% at $236 as of 8:20 a.m. ET Tuesday following the release. In the three-month period that ended May 3, Lowe's net income fell to $1.76 billion, or $3.06 per share, compared with $2.26 billion, or $3.77 per share, a year earlier. Sales dropped from $22.35 billion in the year-ago period, marking the fifth quarter in a row that Lowe's posted a year-over-year sales decline. Compared with Home Depot, Lowe's draws less of its business from painters, contractors, and other home professionals who tend to provide steadier business even when do-it-yourself customers pull back. Lowe's is lapping a year-ago quarter when the company slashed its full-year outlook and posted a year-over-year sales decline. As of Monday's close, the company's stock is up nearly 3% this year, trailing the 11% gains of the S&P 500.
NYSE:LOW
by DEXWireNews
Q1 2024 Earnings Lowe's Companies Inc ForecastAnalyzing the symmetrical triangle chart pattern of NYSE:LOW , it's evident that both uptrend and downtrend movements are losing momentum, suggesting the potential formation of a new trend in the near future, with the current price hovering around $229.17. If the downtrendline, which originated from $263.15 and rejected the price at $238.15 before descending to the current level of $229.17, is breached to the upside, there's a strong likelihood of further upward movement. Conversely, if the uptrendline, stemming from $209.31 and rejecting the price at $225.09 before reaching the current level of $229.17, is broken to the downside, there's a high probability of the price declining further. Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350).
NYSE:LOW
by Stuart_Cowell
LOW - Excellent Risk x ReturnLOW chart interpretation: The previously disorganized Fibo clouds have gradually aligned themselves, providing favorable support for the candles' evolution. The compactness of the Fibo clouds from different timeframes signals the direction and strength towards the first target to be reached It's worth noting that there's a reasonable chance that the candles will be blocked at the first target. This could be due to the slow movement of the Fibo Cloud on the weekly chart, which could result in a block. That's why I've set a profit-taking position there. Once we pass this risk zone, the candles will have everything they need to develop towards the second target and the subsequent bonus targets whose locations merely mirror the last top. When the first target is reached, the stop loss must be moved to the position where the entry was made. The aim of this action is to protect the result achieved and ensure that there is enough time to pursue the remaining targets with a reduced risk of losing the trade. The use of risk management, an integral part of this method, has been fundamental to achieving the desired results. Risk/Return 8.93 (possibility of large premium)
NYSE:LOWLong
by EthosInvest
Strategy: Butterfly Continuation Failure. This strategy is intended to be a method to help to differentiate a pullback from reversal. Here we're using the butterfly pattern which is a continuation pattern, but the failure of this continuation pattern can mean the failure of the trend. It's a very useful signal that can be used on all time frames. You can find great examples of this before crashes (Such as 2007 - 2008) and also near the lows of major downtrends. The strategy also works great for day trading. Spotting the breaking of intraday trends. Usually upon the breaking of this pattern the momentum picks up. Meaning a bearish break leads to capitulation and bullish break leads to parabolic move. Very useful for spotting reversals and a method for trailing stop losses. ---- This is a counter strategy to the butterfly continuation.
NYSE:LOWEducation
by holeyprofit
2
Strategy: The Butterfly Reversal. Harmonics are a very useful tool for gaining insight into possible reversal levels after strong trends. "M" shapes are often found at the bottom of trends and "W" shapes at the top. Most often these fit into the rules of the butterfly reversal. A defining characteristic of the butterfly is the final leg (D leg) is always a very strong leg. It's a strong and scary false breakout. Comes out of a range and always tends to look like trend continuation. In the times the butterfly reversal will work, the strong move is terminal. It'll run just far enough to take out the stops and bring in breakout traders and then have a spectacular reversal. Another trait of harmonics is the reversal is at least as strong as the move heading into it, often stronger. Since they have as a defining feature very strong swings at different points, when we have large chart harmonics these are often also accompanied by news that drives the fast moves. In the times they work, harmonics are one of the most accurate forms of forward looking signals for a reversal. However, it should be noted that trading harmonics as a sole strategy against a trend is not expected to have a winning outcome. Typically you'd expected to hit about 1/3 winners on 1:3 RR and come out around even. That's if you do it really well. Otherwise, it's a losing game. Lots of "M" shapes form in a downtrend and lots of "W" shapes form in an uptrend. The formation of these does not always mean reversal, but when there are reversals; you often see these structures signalling them. Harmonic butterflies are a classic false breakout / stop hunt pattern and very useful to know about.
NYSE:LOWEducation
by holeyprofit
1
Strategy: The 1.61 Head Fake Strategy. The 1.61 head fake strategy is intended to give early signals of where a high/low might be and be an early tell on the potential turn of the trend. This strategy can be used for both pullbacks and reversals. When traded as a correction, this strategy usually is successful in the forecasting and trading of the end of Elliot wave 5 heading into the ABC. Absolute highs and lows can also be made with this 1.61 head fake. Breaking of the 2.20 fib triggers failure of this strategy.
NYSE:LOWEducation
by holeyprofit
Strategy: 76 Correction Trend Continuation. The 76 correction strategy aims to pick up optimal continuation trades into large retracements. It's a trend following strategy that aims to enter into strong counter trend moves to a 76% retracement of the previous trend leg. This strategy usually performs best when combined with Elliot wave. Waiting for there to be a full impulsive leg in 5 waves followed by a big ABC correction. The strategy aims to pick up trades into the "C" point in such a correction. With a default minimum risk:reward of 1:3 the strategy is expected to breakeven on win rates of 35% or higher.
NYSE:LOWEducation
by holeyprofit
2
LOW is expected to report earnings to fall -49% to $1.68 per shaThe last earnings report on October 31 showed earnings per share of $3.27, beating the estimate of $3.02. P/B Ratio (0.000) is normal, around the industry mean (8.869). P/E Ratio (17.834) is within average values for comparable stocks, (28.574). Projected Growth (PEG Ratio) (3.190) is also within normal values, averaging (2.899). Dividend Yield (0.019) settles around the average of (0.035) among similar stocks. P/S Ratio (1.524) is also within normal values, averaging (84.116). With 2.10M shares outstanding, the current market capitalization sits at 133.75B.
NYSE:LOW
by tickeron
$LOW Consolidation PennantNYSE:LOW has been on a tear since its Oct 27 low. The volume of buying during December 13, 14 and 15th is amazing. We now have a nice 8-day consolidation going that has formed a bullish pennant. In addition, today is shaping up to be an inside day. I do not know which way this will break but I did put on a one-third size position today with a stop just below the Dec 20th low. I will look to add to my position should it break to the upside. All TBD. See the chart for other essential information. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NYSE:LOWLong
by jaxdog