The Latest Breaking News from LOW

Lowe’s Companies, Inc. (NYSE:LOW) reported second-quarter net earnings of $2.4 billion, or diluted Earnings Per Share (EPS) of $4.27, compared to $4.17 in the year-ago quarter.

September S&P 500 E-Mini futures (ESU25) are trending down -0.13% this morning, continuing to drop after a tech-led selloff in the prior session, while investors await the Federal Reserve’s July meeting minutes, comments from Fed officials, and earnings reports from more retail heavyweights.

Despite Lowe's underperformance relative to the S&P 500 over the past year, Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects.

It’s another reasonably quiet week for earnings with some key retailers taking centre stage. This week, we have Home Depot, Walmart, Target, Lowe’s, Palo Alto Networks and Alibaba reporting.

Editor’s Note: The future prices of benchmark tracking ETFs were updated in the story

With inflation still biting and the housing market stretched, next week’s earnings from retail heavyweights like Home Depot, Lowe’s, Target, BJ’s, and Walmart will spotlight how well America’s biggest stores are adapting to cost pressures and shifting consumer habits.

Investor sentiment around several major stocks got a boost this week thanks to upbeat commentary from Jim Cramer and fresh analyst support.

Lowe's is expected to release its fiscal second-quarter earnings later next month, and analysts project a single-digit profit growth.

Lowe's has significantly underperformed other consumer discretionary stocks over the past year, yet analysts remain bullish on the stock’s prospects.