Consumer Durables Sector
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Stock of the Day
The Consumer Durables Sector's Lowe's (LOW) was InvestorGuide.com's Stock of the Day on 2/22/2010.
Lowe's Rebuilds Profit and Tops Expectations
The improving housing market is finally starting to spill over into other sectors of the economy. The downturn in the housing market has been blamed for triggering the events that sent the economy into a recession and now it has become one of the main things fueling the recovery. Other sectors of the economy that are intertwined with the housing market have started reaping some of the benefits of the recent recovery. Home improvement retailers definitely took a beating as people walked away from their homes and stopped purchasing properties altogether during the recession. Lowe's became a victim of circumstances as the housing market spun out of control, but now the company is starting to see some light at the end of the tunnel. The second-largest US home-improvement retailer posted fourth-quarter profit that exceeded analysts' estimates.Read more
Click here to see the complete Stock of the Day archives!
Lowe's Rebuilds Profit and Tops Expectations
The improving housing market is finally starting to spill over into other sectors of the economy. The downturn in the housing market has been blamed for triggering the events that sent the economy into a recession and now it has become one of the main things fueling the recovery. Other sectors of the economy that are intertwined with the housing market have started reaping some of the benefits of the recent recovery. Home improvement retailers definitely took a beating as people walked away from their homes and stopped purchasing properties altogether during the recession. Lowe's became a victim of circumstances as the housing market spun out of control, but now the company is starting to see some light at the end of the tunnel. The second-largest US home-improvement retailer posted fourth-quarter profit that exceeded analysts' estimates.Read more
Click here to see the complete Stock of the Day archives!
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On This Date
March 12, 1929:
Asa Candler, founder of Coca Cola, dies. He started the business in 1888 and sold it for $25 million.
Asa Candler, founder of Coca Cola, dies. He started the business in 1888 and sold it for $25 million.
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