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LOWES COMPANIES

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4LOW trade ideas

$LOW Lowe's will hit new HighsEARNINGS HIGHLIGHTS Lowe's (NYSE:LOW) reports comparable-store sales rose 2.3% in Q2 vs. consensus of +1.8%. Comp for the U.S. home improvement business increased 3.2%. Gross margin rate fell 85 bps to 32.11%. SG&A expense rate improved 17 bps to 19.29%. Operating margin rate advanced 98 bps to to 11.34%. Merchandise inventory +15.5% to $13.73B. Home improvement and hardware stores -152 Y/Y to 2,003. The company repurchased $1.96B of stock and paid $382M in dividends during the quarter. "We capitalized on spring demand, strong holiday event execution and growth in Paint and our Pro business to deliver strong second quarter results. Despite lumber deflation and difficult weather, we are pleased that we delivered positive comparable sales in all 15 geographic regions of the U.S. This is a reflection of a solid macroeconomic backdrop and continued momentum executing our retail fundamentals framework," commented Marvin R. Ellison, Lowe's (LOW) president and CEO. FY2019 Guidance: Total sales: ~+2%; Comparable-store sales: ~+3%; Operating margin rate: +310 bps to +340 bps; Adjusted operating rate: +20 bps to +50 bps; Tax rate: ~24%; Diluted EPS: $5.54 to $5.74; Adjusted EPS: $5.45 to $5.65. source seekign alpha
NYSE:LOWLong
by RedHotStocks
1
LOW looking like it may retest 92High volume selling after earnings (2 black gap candle formation) pushed LOW down to $92 for a brief test. Since then it has been consolidating slightly above. I think it could retest $92 for a possible double-bottom, or worse, break-down to new recent lows possibly around $86-87. I have a tight stop of $98 as it has already consolidated a bit here. Depending on how it reacts at $92, I may continue to hold (probably with a 1/2 position) or reverse for a long trade. If long, I don't expect it to immediate fill the gap above $102, especially with the 100 & 200MA in the same area. Disclaimer: This is my own SPECULATIVE opinion and should not be considered financial advice.
NYSE:LOWShort
by spyder3909
1
$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.
NYSE:LOW
by RedHotStocks