3 Reasons to Buy Home Depot Stock Like There's No Tomorrow [Yahoo! Finance]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
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phx.corporate-ir.net/phoenix.zhtml?c=95223&p=irol-irhome
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Source: Yahoo! Finance
The company has faced challenges in the housing market like the rest of its peers, and comparable sales and profits have fallen over the last several quarters. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » However, Home Depot could be ready to kick off a comeback. Let's take a closer look at why. It's not a secret why Home Depot has struggled recently. The housing market has been weak since the pandemic. Mortgage rates soared and current homeowners have experienced the "lock-in" effect, meaning they're reluctant to sell their homes and lose out on their low mortgage rates. However, the Fed has started lowering interest rates and is expected to continue to do so through the rest of the year and next year. Lower rates should help bring down mortgage rates and encourage a housing recovery. Additionally, lower rates are likely to boost spending on home improvement projects like remodels and renovations, which are major
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- Home Depot expects smaller drop in 2024 sales as hurricane rebuild boosts quarter [Yahoo! Finance]Yahoo! Finance
- Lowe's Companies, Inc. to Host Third Quarter 2024 Earnings Conference Call on Nov. 19PR Newswire
- Rebuilding Together Colorado teams up with Lowe's to work on repairs to veteran's home. [CBS News]CBS News
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- 8/20/24 - Beat
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