|Bid||0.00 x 1400|
|Ask||94.80 x 900|
|Day's Range||94.22 - 97.50|
|52 Week Range||84.75 - 118.23|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||32.22|
|Earnings Date||Aug 21, 2019|
|Forward Dividend & Yield||1.92 (1.70%)|
|1y Target Est||117.59|
Kevin Hincks, TD Ameritrade, discusses the retail sector and who he sees as the winners and losers.
Shares of Lowe's Companies Inc. (LOW) tumbled 11.85% to $97.94 on Wednesday after missing consensus estimates on non-GAAP earnings for the first quarter of fiscal 2019 by 11 cents. It posted $1.22 per diluted share, a 2.5% increase from the prior-year quarter. Warning! GuruFocus has detected 2 Warning Signs with LOW.
Could Ackman’s Pershing Square's Flying Start in 2019 Continue?(Continued from Prior Part)Pershing and Lowe’sLowe’s (LOW) is one of Pershing Square Holdings’ three largest holdings. Pershing declared its $1 billion stake in Lowe’s in the
Could Lowe's build a 2,000-person technology hub in Dallas? The home improvement retailer is considering the city for its planned tech center, said Dan Frahm, spokesperson for the company. "Lowe’s previously shared that we will work to build a base of up to 2,000 software engineers, infrastructure engineers and data analysts, together in a technology center, to support our focus on improving technology capabilities and solutions across our business," Frahm said in an email.
Another salvo from China in the ongoing trade war is sinking U.S. stock futures this morning. This time it was comments from Ministry of Commerce spokesperson Gao Feng calling for the U.S. to "adjust its wrong actions" that sent stocks skidding.Futures on the Dow Jones Industrial Average are down 0.91%, and S&P 500 futures are lower by 0.86%. Nasdaq-100 futures have lost 1.14%.In the options pits, put volume almost eclipsed calls yesterday while overall volume settled near average levels. Specifically, about 15.4 million calls and 15.2 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe pop in put demand made a big impact over at the CBOE. The single-session equity put/call volume ratio rocketed back to 0.72. Meanwhile, the 10-day moving average inched back up to 0.72.Options traders zeroed in on earnings announcements yesterday. Lowe's (NYSE:LOW) shares cratered after the company missed earnings estimates and lowered forward guidance. Target (NYSE:TGT) took the opposite route, rallying almost 8% after smashing expectations. Finally, Freeport-McMoRan (NYSE:FCX) fell to a five-month low amid continued selling pressure in metal stocks.Let's take a closer look: Lowe's (LOW)Lowe's stepped up to the earnings plate yesterday morning and whiffed. The home construction giant reported earnings-per-share of $1.22 on $17.74 billion in revenue. Analysts were forecasting earnings of $1.34 on $17.7 billion revenue. Forward guidance was also disappointing with the company cutting fiscal year earnings guidance from over $6 to $5.45 - $5.65. * 10 Names That Are Screaming Stocks to Buy LOW stock fell as low as 14% before battling back to close the day down 11.8%. Over 22.7 million shares changed hands on the session marking the highest volume day since last August. The down gap has completely upended the stock's uptrend, driving it from above all major moving averages to below in a single session. Bears now control the chart so consider all future rallies suspect.On the options trading front, calls and puts proved equally popular on the day. Total activity zoomed to 1,212% of the average daily volume, with 116,402 contracts traded. Calls accounted for 51% of the tally.Heading into the report, premiums were forecasting a move of $4.93 or 4.4%. That makes the actual gap a massive outlier bringing untold pain to traders swinging short volatility trades like iron condors into the number. By day's end, implied volatility fell to 26% landing it at the 29th percentile of its one-year range. Target (TGT)Target shared the spotlight with Lowe's Wednesday morning. Unlike the latter, though, Target was able to deliver. For the first quarter, the company earned $1.53 per share, handily beating analyst calls for $1.43. Revenue also came in ahead of expectations at $17.62 billion versus $17.5 billion.Both measures marked robust growth from the same quarter last year. While sales jumped 5%, earnings grew by 15.9%. Yesterday's buying binge erased much of what was lost during the stock's recent slide. TGT stock closed the session up 7.8% amid heavy volume. Overhead resistance at $78.50 ultimately halted the rally. I suggest waiting for a break above this level before deploying bullish trades.On the options trading front, traders aggressively chased calls all day. Activity swelled to 458% of the average daily volume, with 129,630 total contracts traded; 69% of the trading came from call options alone.Traders were looking for a move of $3.94 or 5.5% ahead of the report, so chalk up the 7.8% pop as a win for volatility buyers. Implied volatility sank to 24% or the 19th percentile of its one-year range. Premiums are now pricing in daily moves of $1.18 or 1.5%. Freeport-McMoran (FCX)Metal and mining stocks have been sinking like a stone, and Freeport-McMoran might as well be the poster child. Since peaking last month at $14.68, FCX stock has cratered 31%, placing it a stone's throw from multi-year lows. The news was light this week, but that didn't prevent a surge in options activity landing the company on the leaderboard.Here's a quick technical analysis take. Its price trend is ugly and sits beneath all moving averages. With multiple resistance zones overhead, rallies are suspect. Volume patterns favor sellers with multiple distribution days over the past month showing institutions are net sellers. The next major support zone looms at $9.70, so consider that the first downside target. * The 7 Best Penny Stocks to Buy On the options trading front, traders favored calls despite the day's thrashing. Activity ramped to 172% of the average daily volume, with 81,899 contracts traded. Calls claimed 83% of the total.The uptick in demand drove implied volatility higher on the day to 45%, placing it at the 32nd percentile of its one-year range. Premiums are now baking in daily moves of 29 cents or 2.9%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post Thursday's Vital Data: Lowe's, Target and Freeport-McMoRan appeared first on InvestorPlace.
Given the widespread uncertainty over the future course of the equity market, investing in stocks unperturbed by market gyrations is the need of the hour.
U.S. stocks finish lower Wednesday as lingering trade woes overshadow the release of the minutes from the Federal Reserve’s policy meeting that was largely interpreted as accommodative.
While Home Depot stock fell 1.33% to $188.91, Lowe's stock was slammed, closing lower by almost 12%, to $97.94. When Home Depot reported its quarterly results, the company beat on earnings and revenue expectations, reported 2.5% global comparable-store growth and reaffirmed its full-year outlook. While Lowe's beat on revenue expectations, the company missed on earnings estimates.
U.S. stocks ended lower at the closing bell on Wednesday after a raft of weaker-than-expected earnings from retailers overshadowed the Federal Reserve's minutes where it reiterated the central bank's patient stance. The S&P 500 fell 0.3% to finish around 2,856. The Dow Jones Industrial Average retreated 101 points, or 0.4%, to end near 25,776. The Nasdaq Composite was down 0.4% to finish around 7,751. Shares of Lowe's Cos. and Nordstrom Inc. fell 9% and 12%, respectively, after both delivered worse-than-expected first-quarter earnings. The Fed's minutes from its most recent meeting showed officials were comfortable with the central bank's accommodative policies, though they were split on the outlook for interest rates. Trade tensions continued to linger in investors' horizons even as China's ambassador to the U.S. said late Tuesday Beijing was open to renewing trade negotiations.
Lowe’s Cos. Inc. had missed its quarterly numbers, and stock analysts wanted to know why. Why had the rosy picture that Ellison and his C suite painted in December become a stark photo of promises not kept?
Lowe???s fell over 11% following their Q1 earnings release this morning and continues to fall. If you are a contrarian investor and believe in both Ellison as a CEO and strong economic performance throughout the year, this may be a perfect time to buy LOW at a lower valuation.
“We view the quarter’s gross margin miss as a classic early turnaround stumble,” Loop Capital Markets analyst Laura Champine wrote. Lowe’s posted its first-quarter results before the market opened Wednesday. Champine said she expects the company’s margin issues to be short term and kept a hold rating with a $102 price target.
U.S. stocks dipped on Wednesday, as reports that Washington could impose restrictions on another Chinese technology company fanned trade tensions, while investors awaited the release of minutes from the Federal Reserve's latest policy meeting. Media reports on Wednesday said the Trump administration was considering sanctions on video surveillance firm Hikvision, the second major Chinese technology company facing U.S. curbs. Also weighing on the markets was Qualcomm Inc's 12.1% plunge, the biggest decliner on the S&P 500.
Shares of Lowe's tumbled 10% at the opening bell Wednesday after the home improvement retailer cut its outlook for the year after a weak first quarter. Lowe's recently acquired an analytics platform it says will modernize its pricing process and improve margins. Lowe's is trying to close the gap with rival Home Depot, which reported better than expected profits and sales numbers Monday.
Lowe’s Stock Fell after Weak Q1 Earnings(Continued from Prior Part)Stock performanceOn May 22, Lowe’s (LOW) reported lower-than-expected first-quarter earnings. The company’s management lowered its diluted EPS guidance for 2019 due to
What happened, according to Ellison, is this: Essentially, Lowe’s merchandising executives were accepting price increases from vendors on certain items without taking any offsetting action to raise retail prices. None of that ever happened, though, because Lowe’s outdated systems and tools meant that his leaders, many of whom were new to their roles, did not “have a clear line of sight” about the cost increases, Ellison said.
Lowe's earnings for the first quarter of the year have LOW stock falling hard on Wednesday.Source: Mike Mozart via Flickr (modified)Lowe's (NYSE:LOW) reported earnings per share of $1.22 for the first quarter of 2019. This is better than the company's earnings per share of $1.19 from the first quarter of 2018. However, it was a real blow to LOW stock by missing Wall Street's earnings per share estimate of $1.34 for the quarter.The most recent Lowe's earnings report also includes net income of $1.05 billion. This is up from the company's net income of $988 million reported in the same period of the year prior.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOperating income reported by Lowe's for the first quarter of the year comes in at $1.42 billion. This is a drop from the company's operating income of $1.47 billion reported in the first quarter of the previous year.Lowe's earnings for the first quarter of 2019 have revenue coming in at $17.74 billion. This is an increase over the home improvement company's revenue of $17.36 billion reported during the same time last year. It also comes in above analysts' revenue estimate of $17.40 billion for the period, but that wasn't enough to save LOW stock from drooping today. * 7 Safe Stocks to Buy for Anxious Investors The Lowe's earnings report also includes its outlook for the full year of 2019. The company is expecting earnings per share for the year to range from $5.45 to $5.65. That's bad news for LOW stock by being below Wall Street's earnings per share estimate of $6.05 for the full year of 2019.LOW stock was down 11% as of noon Wednesday. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Lowe's Earnings: LOW Stock Slides Lower on Q1 Miss appeared first on InvestorPlace.
Since taking the helm in July, Chief Executive Officer Marvin Ellison has replaced nearly the entire merchandising team to get more in-demand products on shelves as the company tries to close the gap with larger rival Home Depot Inc. While the new team helped Lowe's record better quarterly same-store sales growth than Home Depot for the first time in three years, it was not fast enough in reacting to cost increases, crimping margins, which fell nearly 3%. "Because of ... the transition of our merchandising team, we literally had no visibility to those cost increases until the inventory that was increased in cost hit the P&L," Ellison said on a post-earnings call with analysts.
Investors are writing off Lowe's new CEO Marvin Ellison, "but he's been there for five minutes," says CNBC's Jim Cramer. "Marvin's doing everything he has to do," Cramer argues. CNBC's Jim Cramer on Wednesday urged investors not to bail on Lowe's LOW new CEO Marvin Ellison after the home improvement giant reported disappointing earnings that led to a major sell-off in the stock.