Today’s Research Reports on Stocks to Watch: Lowe’s and Home Depot

NEW YORK, NY / ACCESSWIRE / March 27, 2018 / Traders were excited to learn that Lowe’s CEO is stepping down to retire. The home improvement chain had been struggling for years and its underperformance even led to shareholder activism. Shares of rival Home Depot also cruised higher despite any news of its own.

RDI Initiates Coverage on:

Lowe’s Companies, Inc.
https://rdinvesting.com/news/?ticker=LOW

Home Depot, Inc.
https://rdinvesting.com/news/?ticker=HD

Lowe’s Companies, Inc. shares were soaring on Monday after traders learned that the company’s CEO Robert Niblock is going into retirement. The stock closed up 6.60% yesterday on nearly 14 million shares traded. “After a 25-year career at Lowe’s … I am confident that it is the right time to transition the company to its next generation of leadership,” said CEO Robert Niblock, who is also the chairman and president of the board, said in a statement. Analyst Joseph Feldman at Telsey Advisory Group remarked that “a transition will be well received by investors, given their pent-up frustration with the company, and could be the first step toward improved operational execution.” Shares gained as much as 7.8% in intra-day trading on the news. Niblock will be stepping down once the company finds someone to take his place. The company’s board has formed a committee of six people to find a successor.

Access RDI’s Lowe’s Companies, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=LOW

The Home Depot, Inc. shares closed up 2.67% on Monday with around 7.3 million shares traded. Home Depot didn’t have any major news yesterday. Rival Company, Lowe’s shares were soaring yesterday on the news that the Company’s CEO is departing and heading to retirement. Home Depot has been the larger outperformer for years compared to Lowes. Home Depot has seen gains of 16% in the last year while Lowe’s has gained about 9%. In other news it was announced last week that The Home Depot® and Pinterest have partnered to expand Pinterest’s Shop the Look feature by adding more than 100,000 shoppable home décor products.

Access RDI’s Home Depot, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=HD

Our Actionable Research on Lowe’s Companies, Inc. (NYSE: LOW) and Home Depot, Inc. (NYSE: HD) can be downloaded free of charge at Research Driven Investing.

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