Lowe’s Companies, Inc. Likely To Rise On Housing Market Strength
May, 18th 06:44
Following better-than-expected Q1 earnings from Home Depot Inc. (HD), Lowe’s Companies, Inc. (LOW) is likely to report strong revenue growth of 5.3% following a consistent housing market recovery. Based on 6 analyst recommendations for LOW in the last 3 months, the overall consensus is “A Strong Buy” as 5 analysts rated it a “Buy”, no analyst advised “Sell” and 1 analyst recommended “Hold”. On the hourly chart, the stock closed down 1.21% from the previous session, currently settling at 76.07. RSI is hovering around the average 50, indicating that a clear trend has not been confirmed yet.
Buy Digital Call Option at 77.16 valid until May 22
Buy Digital Put Option at 74.99 valid until May 22