Lowe's Stock Breaks 52-Week Record: Buy, Hold or Take Profits?
Lowe's(LOW) ZACKS·2024-10-01 04:01
Lowe's Companies, Inc. (LOW) reached a new 52-week high of $268.71 on Friday, a significant milestone that has caught investors’ attention. The company's ongoing strategic initiatives and favorable economic conditions set a positive tone for its performance. The Federal Reserve's recent 50-basis point interest rate cut has injected further optimism. With the stock trading near its peak, investors are faced with the question: How should they play Lowe’s ahead?Lowe’s stock has exhibited an uptrend since Sept. ...