Lowe's Stock Just Set a New High. Time to Buy?
Lowe's(LOW) The Motley Fool·2024-03-03 20:40
Its industry is in a slump, but Lowe's (LOW 1.67%) is still generating excellent returns for its shareholders these days. The retailer's stock broke through a fresh 12-month high following its late-February earnings announcement, in fact.Wall Street was thrilled to see the chain move closer to Home Depot's (HD 1.01%) industry-leading profit margin in 2023. But Lowe's also predicted another tough year of declining sales ahead. Does this mixed momentum make the stock a clear buy, or one to avoid in 2024? Let' ...