Lowe's Swings Low
On Monday I delved into why I believe Home Depot (HD) was a sell at last week's close of $52.29. Today I'll cover the company's main rival, Lowe's (LOW), which ended Monday at $25.41. Long-term, both companies' stock direction and profitability move in tandem with the strength of the housing market.
Home Depot and Lowe's have both weathered the worst of the storm, and they each appear to have bottomed in late 2008 to early 2009. Lowe's was somewhat overpriced at its $25 peak in 2002, but dipped to a moderate valuation as the whole market sold off from March through September of that year....303 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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