Chart of Day: Lowe’s (LOW) – 7/2

Keep an eye on beaten-down home improvement stocks like Lowe’s (SYM: LOW).

Should Category 4 Hurricane Beryl make its way into the Gulf of Mexico, and potentially on to U.S. shores, home improvement stocks, like Lowe’s could push higher for two reasons.

One, generator demand is likely to gain momentum.


After all, according to Generator Source, The high winds can take down power poles and cause damage to power plants. It can take weeks and, in many cases, months before power company personnel are able to fully restore power. This is why the demand for backup power generators has become so high.”

Two, supplies to safeguard homes will see big demand, too.

Plus, if you pull up a three-year chart of LOW, you’ll see the stock historically pops around June and July just ahead of storms.

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