Home Depot and Lowe's are already seeing the first of many likely benefits from the Fed's rate cut [Business Insider]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
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Source: Business Insider
"As rates come down, people will start to move more," Fed Chair Jerome Powell said Wednesday. The US Federal Reserve's decision Wednesday to cut rates by half a percentage point has created a flurry of immediate reactions, but the real effects of the policy are likely to take several months to bear out. Still, some areas of the economy are already seeing a lift in response to the news — and the fact that the Fed went with the larger of the two most likely options under consideration. Home improvement retailers, in particular, are among the companies who were primed to come out of the gate strong with a rate cut, and, true to form, shares for Home Depot and Lowe's were up as of Thursday's market close. "Home-related companies should soon see the beginnings of fundamental recovery exiting this year," Mizuho analyst David Bellinger told Business Insider. "Aside from any initial noise in the market, Home Depot and Lowe's should keep grinding higher as all this comes together."
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- 3 Reasons to Buy Home Depot Stock Like There's No Tomorrow [Yahoo! Finance]Yahoo! Finance
LOW
Earnings
- 8/20/24 - Beat
LOW
Sec Filings
- 10/4/24 - Form 4
- 10/4/24 - Form 4
- 10/3/24 - Form 144
- LOW's page on the SEC website