Since that May 24 reversal where Home Depot consumer spend overtook Lowe’s, Lowe’s stock has continued to outperform Home Depot by more than two-fold, experiencing roughly 23% appreciation to Home Depot’s 11%.The Food and the Drug Administration (FDA) on Sunday issued an emergency use authorization (EUA) for convalescent plasma gathered from people who have recovered by COVID-19 as a treatment for hospitalized coronavirus patients. Home-improvement retailers Home Depot and Lowe’s had a phenomenal quarter, but investors aren’t in the mood to savor the gains. Lowe’s is expected to post same-store sales growth of 11.7% when its reports its May-July quarter results, while Home Depot, scheduled to report on Tuesday, is expected to post a 10.2% rise.
Home Depot still holds the industry record for profitability, but Lowe's margin trends are more impressive these days. I think consumers are basically re-investing in the remodels of their homes for a prolonged period of time.”The business of retailing is my specialty...and boy is it special. Looking at consumer spending data drawn from debit card transactions that represent the average U.S. consumer shows just how dramatic the spike has been.Lockdowns and shelter-in-place orders went into effect in many states in mid-March, and we see an approximately 10% year-over-year decrease in consumer spend for that period. Both have a critical mass that is hard to ignore if you want t… One reason investors like Home Depot and Lowe's is the perception that they're "Amazon-proof." Despite being larger by market capitalization, The Home Depot, Inc. is the newer market entrant. Gilead Sciences Inc.'s experimental drug remdesivir, for example, received an EUA several months ago as a treatment for some hospitalized COVID-19 patients.
Stock Market "These results surpassed our expectations," CFO David Denton said in a Lowe's operating cash flow has more than tripled over the past six months to $12 billion while Home Depot's is up a more modest 74%. And two weeks after that, consumer spend shows a 60% year-over-year jump, rocketing as high as 80% in early May, before levelling off at 40%-50% year-over-year growth for the next several months.Clearly, as spring and summer rolled along, anyone who had the means decided to spend it on things associated with their home. Lowe’s stock rose about 82% in this timeframe, while Home Depot’s stock had a roughly 47% gain.In late May, however, we see the consumer spend lines converge. Returns as of 08/24/2020. (Photo by Bruce The spectacular financial results put up this week by both Home Depot But Lowe's is still in a better position to chip away at Home Depot's advantage than shareholders have seen in several years.Stock Advisor launched in February of 2002. Lowe’s Stock Is Rising After Earnings Easily Clear the Bar. • The entire home products sector may be the strongest part of the overall American economy right now. MarketWatch photo illustration/Bloomberg
More than 70,000 COVID-19 patients in the U.S. have received plasma through a government-funded program during the pandemic; however, the regulator also said that convalescent plasma should not be considered the standard of care at this time. The customer pick-ups continued all quarter at both Lowe's and Home Depot. That streak suggests the industry leader will beat back any competitive challenges to its position. Crew among the former and Stein Mart It’s unclear why exactly this happened. As the fallout from the pandemic shows no signs of any significant decline for the foreseeable future it stands to reason that anything to do with home will continue to prosper. This is a fundamental shift in the retail market share pie and it’s going to be long lived. Lowe’s stock looks similar to Home Depot's, only that LOW shares have been in an overbought condition for longer (shown via the blue circle on … The consumer home supply warehouses category, which includes the Lowe’s LOW, -0.33% and Home Depots HD, -1.15% of the world as well as smaller … See you at the top! Lowe’s stock looks similar to Home Depot's, only that LOW shares have been in an overbought condition for longer (shown via the blue circle on …
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