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.

low

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.

deal of the month

best growth stocks

Alliance

Bundle package – lifetime subscriptions for all products

Categories

Recent posts

Tags

Connect with Us

Get FREE Daily Stock Tips

Join and receive market insider stock picks, trade alerts and unique investing insights
This field is for validation purposes and should be left unchanged.
By clicking the "Subscribe" button you are accepting our Terms of Use and Privacy Policy.

Join Waitlist

We’re sorry, but due to the popularity of our services, we have reached our max number of subscribers and are not currently accepting more. If spots become available, we will be sure to contact you. Please join the waitlist below.
Thank You!

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.