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LOW Sep 2024 220.000 put
- Yahoo Finance Video
Lowe's Q1 beat overshadowed by DIY sales slump
Shares of Lowe's (LOW) are trading lower on Tuesday, despite the company's better-than-expected first quarter earnings. Lowe's cited a pullback among consumers in the do-it-yourself (DIY) segment, with sales in that category declining. Yahoo Finance's Brooke DiPalma delves into the details of Lowe's earnings report, providing insights into the initiatives the company is taking to navigate the current landscape of a cautious consumer. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Yahoo Finance Video
The housing market is discouraging big remodeling projects
Evident in home improvement retailer Lowe's (LOW) latest earnings, US home prices are becoming a growing deterrent to consumers wishing to invest in major renovation or remodeling projects. Will do-it-yourself (DIY) spending see a boost once mortgage rates begin to cool and the US housing market stabilizes? Abbe Will, the Harvard Joint Center for Housing Studies' Senior Research Associate & Associate Director of Remodeling Futures, joins Brad Smith on Wealth! to talk the interplay between the state of the US housing market and Americans' willingness to spend on home projects. "We do see that this softening in spending and home improvement and repair spending is partly driven by the ongoing weakness in the housing market... those high mortgage rates preventing folks from buying, from moving," Will explains. "And it is the weakness in existing home sales that is really a big factor in our forecast for softer spending this year. A lot of remodeling does tend to happen around the time of a sale." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Macy's earnings, Fedspeak: What to Watch
As the trading day draws to a close, here's what's in store for tomorrow, Tuesday, May 21. Earnings season continues with several notable companies scheduled to report their quarterly results. Among them are retailers Lowe's (LOW), Macy's (M), and Urban Outfitters (URBN), whose results will all provide valuable insights into the state of the consumer. Additionally, commentary from various Federal Reserve officials, including New York Fed President John Williams and Fed Vice Chair for Supervision Michael Barr, are expected to shed light on the central bank's outlook on monetary policy. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
