'Under the guidance of the new CEO, Lowe's is getting its act together,' says Oppenheimer's Brian Nagel. 'If we're right here and this continues, this stock has a long way to run.'
"It seems under the guidance of the new CEO, Lowe's is getting its act together — and frankly, if we're right here and this continues, this stock has a long way to run," Nagel said."Home Depot [is] a very quality company; under valued stock even with yesterday's bounce. Lowe's [is a] turnaround opportunity," he said. "Two different types of investment vehicles, but I don't think you'd be hurt owning them both here.
On Tuesday, Home Depot shares surged 4.4% after the company beat estimates with second-quarter earnings. However, revenue did fall short of expectations, and the company also lowered its sales outlook for the year on concerns about the U.S.-China trade war slowing consumer spending.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
These 8 Makeup Products Stay Put Through an 80-Degree Festival WeekendThere was not a single smudge through dancing to Lil Wayne's hour-long set at Lollapalooza.
Baca lebih lajut »
Berkeley art installation that looms over I-80 pedestrian bridge faces removal“Berkeley Big People,” two massive sculptures made of steel and bronze, may be torn down after Berkeley's arts commission voted to remove the installation.
Baca lebih lajut »
Death toll from Afghan wedding blast rises to 80: officialsThe death toll from a suicide bomb attack on a wedding reception in Afghanistan&...
Baca lebih lajut »
Afghan official: Wedding attack's death toll rises to 80KABUL, Afghanistan (AP) — An Afghan official says the death toll in a suicide bombing at a wedding in Kabul claimed by the local Islamic State affiliate has risen to 80. The initial death toll in...
Baca lebih lajut »
Rob Lowe lowers the price of his Montecito mansion to $42.5 millionRob Lowe is sweetening the deal in Montecito. With no takers at $47 million, the actor has cut the price of his mansion down to $42.5 million.
Baca lebih lajut »
80% of Gen Z college students say they're voting in 2020 — and they've singled out student debt as their biggest concernStudents are also becoming dissatisfied with the two-party political system, with 1 in 3 students not identifying with either major party.
Baca lebih lajut »