Ultime notizie per Lowe's Companies (NYSE:LOW) Azioni

Lowe's Companies

Lowe's

Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.

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Shares of Lowe&#8217;s Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) were trading higher Thursday after the company reported <a href="https://www.benzinga.com/news/earnings/24/11/42060077/lowes-q3-earnings-revenue-and-eps-beat-but-comp-sales-fall-amid-softness-in-bigger-ticket-diy-discretionary-demand">upbeat third-quarter results</a> on Tuesday.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
Goldman Sachs On Lowe&#8217;s Companies
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58580bcbee7bf60001bcfa29/kate-mcshane">Analyst Kate McShane</a> maintained a Buy rating, while raising the price target from $260 to $276.
Although Lowe's reported better-than-expected results for the third quarter, comparable sales contracted by 1.1%, McShane said in a note. While sales continued to be pressured by weaker DIY trends with consumers dealing with elevated interest rates, some of the headwinds were offset by "a stronger Pro business, online sales, and smaller-ticket outdoor DIY projects," she added.
Operating margin contracted by 86 basis points year-on year to 12.3%, coming in lower than consensus of 12.5%, "with the incremental storm impact having ~15bps negative impact," the analyst stated. "For 4Q, the company noted that excluding storm related impacts, operating margin will roughly be in line with prior year outlook reflecting benefits from ongoing PPI initiatives and incremental direct costs and lower gross margin profile," she further wrote.
Truist Securities On Lowe&#8217;s Companies
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59493ca670ed7a0001097213/scot-ciccarelli">Analyst Scot Ciccarelli</a> reiterated a Buy rating, while lifting the price target from $307 to $310.
Storm-related activity boosted comps by around 100 basis points, "but was a drag on margins," Ciccarelli said. Even excluding the storms, sales were "modestly better than mgmt and investor expectations coming out of 2Q," he added.
Transactions declined by 1.3%, partially offset by an increase in average ticket size, the analyst stated. "Finally, Pro sales posted an impressive +HSD comp, offset by continued softness in bigger-ticket DIY discretionary demand," the analyst further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
DA Davidson On Lowe&#8217;s Companies
<a href="https://drupal-cloudfront.benzinga.com/topic/michael-baker">Analyst Michael Baker</a> reiterated Buy rating, while reducing the price target to $240.
Comps were down 1.1% in the third quarter, but beat consensus of a decline of 2.8% and represented an acceleration from the 5.1% decline in the previous quarter, Baker said. "Even excluding hurricane related sales, LOW would have beaten on the strength of a high-single digit positive comp in Pro, which is an acceleration from a mid-single digits increase last quarter," he added.
Relative to the industry data, Lowe's sales came in 300 basis points light, similar to the previous quarter's gap of 340 basis points, the analyst stated. Gross margins came in flat at 33.7%, short of consensus by 10 basis points, he added.
BofA Securities On Lowe&#8217;s Companies
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ad8d48b85e930001f97170/robert-ohmes">Analyst Robert Ohmes</a> maintained a Buy rating and price target of $305.
Lowe&#8217;s reported adjusted earnings of $2.89 per share, "ahead of our $2.82 estimate driven by higher-than-expected comp sales," Ohmes said in a note. The decline in comps reflected "continued softness in DIY bigger-ticket discretionary demand projects, partially offset by storm-related sales positive comp sales in Pro &amp; online, and strength in smaller ticket outdoor DIY projects," he added.
Progress in Lowe's Total Home strategy will likely enable the company to "deliver on its commitment to grow its Pro business at 2x the market," the analyst stated. "We also expect DIY-focused strategic investments to support growth once the macro improves," he further wrote.
JPMorgan On Lowe&#8217;s Companies
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/584847d9ee7bf6000154d225/christopher-horvers">Analyst Christopher Horvers</a> reaffirmed an Overweight rating and price target of $300.
Lowe&#8217;s raised its guidance for 2024 to a decline in comps of 3%-3.5%, from its previous projection of 3.5%-4%, Horvers said. Management raised their projection for earnings to $11.80-11.90 per share, from the prior estimate of $11.70-11.90 per share, he added.
"We continue to see a small project DIY recovery emerging," the analyst wrote. Management remained conservative on the fourth-quarter outlook, "assuming a smaller lift from the storms" and continued to project flat gross margins, "with benefits from vendor clawbacks continuing to build/accelerate into 4Q," he further stated.
LOW Price Action: Shares of Lowe&#8217;s Companies were up 0.5% to $264.29 at the time of publication Thursday.
Read More: 
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<li><a href="https://www.benzinga.com/news/earnings/24/11/42069005/nasdaq-gains-100-points-lowes-earnings-beat-views">Nasdaq Gains 100 Points; Lowe&#8217;s Earnings Beat Views</a></li>
</ul>
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Lowe's Pro Sales Lead The Way As DIY Slows, Analysts Say

As President-elect Donald Trump prepares to return to the White House, renowned economist Mohamed El-Erian is cautioning against media oversimplification of the incoming administration&#8217;s proposed tariff strategies.
What Happened: In a recent statement on X, El-Erian highlighted the intricate nature of Trump&#8217;s tariff discussions, noting that the proposed economic policies encompass at least three complex economic stages influenced by multiple factors, including trade flows, corporate pricing strategies, and geopolitical considerations.
El-Erian&#8217;s core message remains clear: Trump&#8217;s tariff debate requires sophisticated, nuanced analysis that transcends simplistic narratives. &#8220;The issue is quite complex,&#8221; he emphasized, underscoring the need for comprehensive economic understanding beyond headline rhetoric.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It should come as no surprise that the media tends to oversimplify the U.S. tariff debate, with both sides of the argument contributing to this. The issue is quite complex, involving at least three economic stages, each with various possibilities given the influences in play. The…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1859287383075848351?ref_src=twsrc%5Etfw">November 20, 2024</a></blockquote>
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Trump&#8217;s proposed economic blueprint, which includes a universal tariff of up to 20% on imports and potentially up to 60% on Chinese goods, has sparked intense economic debate. Tech investor Peter Thiel suggests these tariffs could significantly impact Chinese companies while causing minimal <a href="https://www.benzinga.com/markets/24/11/42028954/peter-thiel-says-trumps-60-china-tariff-would-be-very-very-bad-for-beijing-heres-whats-at-stake">disruption to U.S. consumers</a>.
See Also: <a href="https://www.benzinga.com/24/11/42102366/bitcoin-taps-95k-ethereum-dogecoin-flat-as-trumps-crypto-policy-takes-shape-top-analyst-describes-btcs-path-to-135k">Bitcoin Hits $95K For The First Time Ever, Ethereum, Dogecoin Flat As Trump&#8217;s Crypto Policy Takes Shape: Top Analyst Describes BTC&#8217;s Path To $135K</a>
Why It Matters: Goldman Sachs economist David Mericle warns that Trump&#8217;s proposed universal tariff could push <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42042411/inflation-could-surge-to-3-if-trump-applies-universal-tariffs-goldman-sachs">inflation back to 3%</a>, potentially complicating Federal Reserve monetary strategies. 
The National Retail Federation estimates Trump&#8217;s tariff proposals could reduce annual consumer <a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study">spending by $78 billion</a>.
Prominent business leaders have voiced concerns. Citadel LLC CEO Ken Griffin described Trump&#8217;s proposed tariffs as a &#8220;long, slippery slope&#8221; that <a href="https://www.benzinga.com/news/global/24/11/42056528/gop-megadonor-ken-griffin-warns-of-slippery-slope-in-trumps-tariff-policies-sees-us-returning-to-the-business-of-business">could hamper U.S. global competitiveness</a>. 
Retailers like AutoZone and Columbia Sportswear have signaled potential price increases that would be <a href="https://www.benzinga.com/news/24/11/41871407/trumps-tariffs-deportations-and-tax-cuts-may-push-prices-higher-experts-say-its-pretty-clear?utm_campaign=partner_feed&amp;utm_source=yahooFinance&amp;utm_medium=partner_feed&amp;utm_content=site&amp;nid=42027079">passed directly to consumers</a>.
"Tariffs would create a headwind to the performance of stocks with high international revenue exposure due to the risk of retaliatory tariffs and heightened geopolitical tensions," Goldman Sachs analyst David Kostin stated.
Goldman Sachs noted that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39467825/us-election-and-tariff-prospects-set-to-threaten-internationally-exposed-stocks-gol">U.S. stocks with domestic sales focus outperformed</a> those with international exposure by 1 percentage point the day after Trump's election and by 4 pp in the following month but underperformed by 9 pp in the next 12 months.
Key stocks in its Domestic Sales Basket include CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), Lowe's Cos. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), and Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>).
The International Sales Basket includes Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), QUALCOMM Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), McDonald's Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>), Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42103600/us-dollar-may-test-10860-level-as-geopolitical-tensions-cautious-fed-rhetoric-and-solid-us-economic-data-may-push-the-greenback-higher-says-expert">Dollar Upside On The Cards Amid Geopolitical Tensions, Cautious Fed And Solid US Economic Data, Says Expert</a></li>
</ul>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

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Mohamed El-Erian Warns Against Simplistic Narratives As Trump Plans Aggressive Tariff Strategy: 'The Issue Is Quite Complex'

Truist Securities analyst Scot Ciccarelli maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Buy and raises the price target from $307 to $310.

Truist Securities Maintains Buy on Lowe's Companies, Raises Price Target to $310

Evercore ISI Group analyst Greg Melich maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a In-Line and raises the price target from $255 to $270.

Evercore ISI Group Maintains In-Line on Lowe's Companies, Raises Price Target to $270

Bernstein analyst Dean Rosenblum maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Outperform and lowers the price target from $306 to $301.

Bernstein Maintains Outperform on Lowe's Companies, Lowers Price Target to $301

Mizuho analyst David Bellinger maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Outperform and raises the price target from $280 to $282.

Mizuho Maintains Outperform on Lowe's Companies, Raises Price Target to $282

RBC Capital analyst Steven Shemesh maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Sector Perform and raises the price target from $290 to $291.

RBC Capital Maintains Sector Perform on Lowe's Companies, Raises Price Target to $291

Barclays analyst Seth Sigman maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Equal-Weight and raises the price target from $229 to $245.

Barclays Maintains Equal-Weight on Lowe's Companies, Raises Price Target to $245

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-19_07h56_39.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">New Russian Nuclear Doctrine</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-russian-nuclear-doctrine-walmart-breakout-wmt-mc-11192024">click here</a> for an enlarged chart of Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of WMT is being used to illustrate the point.</li>
<li>The U.S. economy is 70% consumer based.&nbsp; Walmart is the largest retailer in the U.S.&nbsp; For this reason, prudent investors pay attention to Walmart's earnings.</li>
<li>The chart shows WMT stock gapped up after earnings.</li>
<li>The chart shows that WMT stock also gapped up on earnings in the prior two quarters.</li>
<li>Walmart reported earnings better than the whisper numbers.&nbsp; Stocks move based on the difference between reported numbers and whisper numbers.&nbsp; Whisper numbers are the number analysts privately share with their best clients.&nbsp; Whisper numbers are different from the numbers the same analysts publish for public consumption.</li>
<li>In The Arora Report analysis, the following are the most important points from Walmart earnings:
<ul>
<li>Higher end consumers continue to shift to Walmart.</li>
<li>E-commerce at Walmart, especially quick delivery, is growing rapidly.</li>
<li>Margins are expanding.</li>
<li>Walmart is gaining market share.</li>
</ul>
</li>
<li>In The Arora Report analysis, as good as Walmart is doing, investors need to be mindful of the very high valuation for a retailer.&nbsp; Walmart is trading at a trailing PE of 43.&nbsp; However, as Walmart's earnings are growing, forward PE is 30, which is still expensive for a retailer.</li>
<li>As full disclosure, Walmart is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio from an average price of $19.25.&nbsp;</li>
<li>Prudent investors also watch earnings from home improvement retailer Lowe&#8217;s Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>).&nbsp; Lowe's earnings are a reflection of the consumer, especially remodeling of existing homes.&nbsp; Lowe's earnings are slightly below whisper numbers. &nbsp; As full disclosure, LOW is also in The Arora Report&#8217;s ZYX Buy Core Model Portfolio and is long from an average of $81.85.</li>
<li>In the early trade, markets are responding to the new Russian doctrine.
<ul>
<li>Stocks are being sold.</li>
<li>Gold and silver are being bought.</li>
<li>Oil is being bought.</li>
<li>The dollar is being bought.</li>
<li>The yen is being bought.</li>
</ul>
</li>
<li>The new Russian doctrine brings the world closer to World War III.&nbsp; The new doctrine is in response to the U.S. allowing Ukraine to fire U.S. manufactured long range missiles on targets inside Russia.</li>
<li>Prudent investors should note the following three elements of the new Russian doctrine.
<ul>
<li>An attack on Russia by any country supported by a nuclear power will be considered a joint attack on Russia.</li>
<li>A massive aerial attack could trigger a nuclear response from Russia.&nbsp;</li>
<li>In reference to NATO, an aggression by a member of the coalition will be viewed as aggression by the entire bloc.&nbsp;&nbsp;</li>
</ul>
</li>
<li>In The Arora Report analysis, the new Russian doctrine is squarely directed at the U.S.&nbsp; The purpose appears to be to persuade Trump to stop supporting Ukraine and force Ukraine to cede territory in Eastern Ukraine to Russia.&nbsp; Further, in The Arora Report analysis, the ultimate solution is likely going to be the U.S. forcing Ukraine to give Eastern Ukraine to Russia as per Russian wishes.&nbsp; This has been a long standing Arora call.</li>
<li>For the first time ever, Ukraine has attacked a warehouse inside Russia using long range missiles manufactured by the U.S. &nbsp; The missile attack was conducted with Army Tactical Missile System (ATACMS).&nbsp; The missiles are manufactured by Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), a major U.S. defense contractor.&nbsp; The targeted warehouse housed ammunition and missiles from North Korea.&nbsp; North Korea is promising 100K troops to fight for Russia in Ukraine.</li>
<li>There is no change in the protection band at this time, but we are keeping a close eye on the situation.</li>
</ul>
<h3 class="wp-block-heading">Housing</h3>
New housing is beginning to weaken.&nbsp; Here is the just released data:
<ul>
<li>Housing starts came at 1.311M vs. 1.34M consensus.</li>
<li>Building permits came at 1.416M vs. 1.441M consensus.</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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Not World War III But New Russian Nuclear Doctrine Brings Selling In Stocks, Walmart Breaks Out

WIIM

Lowe's shares are trading lower following Q3 earnings.

Telsey Advisory Group analyst Joseph Feldman maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Outperform and maintains $305 price target.

Telsey Advisory Group Maintains Outperform on Lowe's Companies, Maintains $305 Price Target

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining by around 100 points on Tuesday.
The Dow traded down 0.34% to 43,244.07 while the NASDAQ rose 0.53% to 18,892.31. The S&amp;P 500 also rose, gaining, 0.14% to 5,902.02.
Check This Out: <a href="https://www.benzinga.com/24/11/42059659/this-apollo-global-management-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-tuesday">This Apollo Global Management Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday</a>
Leading and Lagging Sectors Information technology shares rose by 0.2% on Tuesday.
In trading on Tuesday, materials shares fell by 0.9%.
Top Headline
Lowe's Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) posted better-than-expected earnings for its third quarter on Tuesday.
The company reported third-quarter adjusted earnings per share of $2.89 beating the street view of $2.82. Quarterly sales of $20.170 billion outpaced the analyst consensus estimate of $19.424 billion.
Lowe's has revised its fiscal year 2024 outlook for its adjusted earnings per share (EPS) guidance from a range of $11.70 – $11.90 to a range of $11.80 – $11.90, compared with the consensus estimate of $11.85. Additionally, the company raised its sales forecast from a range of $82.70 billion – $83.20 billion to a new range of $83.00 billion – $83.50 billion, compared with the consensus estimate of $83.05 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares shot up 28% to $27.54 after the company announced the appointment of BDO USA as its independent auditor and the filing of a compliance plan with Nasdaq.</li>
<li>Shares of PainReform Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFX#NASDAQ">PRFX</a>) got a boost, surging 195% to $1.5999. The company announced a 1-for-4 reverse stock split.</li>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares were also up, gaining 48% to $3.75. The company, which makes specialty fitness equipment under the CLMBR and FORME brands, disclosed that Armah Sports Group‘s B_FIT is installing CLMBRs in three of its nine locations in Saudi Arabia.</li>
</ul>
Equities Trading DOWN
<ul>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) shares dropped 12% to $1.06. NWTN received Nasdaq staff delisting determination for non-compliance with Listing Rule 5250(c)(1).</li>
<li>Shares of Incyte Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>) were down 11% to $68.17 after the company announced that data from its Phase 2 study evaluating MRGPRX4 (INCB000547) in cholestatic pruritus does not support further development.</li>
<li>Codere Online Luxembourg, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDRO#NASDAQ">CDRO</a>) was down, falling 9% to $6.93 after the company received a Nasdaq delisting notice due to its public reports rule.</li>
</ul>
Commodities In commodity news, oil traded up 0.6% to $69.58 while gold traded up 0.6% at $2,630.60.
Silver traded up 0.1% to $31.255 on Tuesday, while copper fell 0.3% to $4.1080.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.91%, Germany's DAX fell 1.28% and France's CAC 40 fell 1.26%. Spain's IBEX 35 Index fell 1.47%, while London's FTSE 100 fell 0.36%.
Hourly labor costs in the Eurozone rose by 4.6% year-over-year in the third quarter compared to a revised 5% gain in the prior quarter. Annual inflation in the Eurozone rose to 2% in October from 1.7% in September.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 0.51%, Hong Kong's Hang Seng Index gaining 0.44%, China's Shanghai Composite Index gaining 0.67%&nbsp; and India's BSE Sensex gaining 0.31%.
Malaysia&#8217;s trade surplus narrowed to MYR 12.0 billion in October from MYR 13.0 billion in the year-ago month.
Economics
<ul>
<li>Housing starts in the U.S. declined by 3.1% to 1.311 million in October versus a revised 1.353 million in the previous month.</li>
<li>U.S. building permits declined by 0.6% to an annual rate of 1.416 million in October.</li>
</ul>
Now Read This:
<ul>
<li> <a href="https://www.benzinga.com/24/11/42060404/nvidia-to-rally-more-than-19-here-are-10-top-analyst-forecasts-for-tuesday-2">Nvidia To Rally More Than 19%? Here Are 10 Top Analyst Forecasts For Tuesday</a></li>
</ul>

Earnings

Eurozone

Commodities

Intraday Update

CDRO

INCY

NWTN

PRFX

SMCI

TRNR

Nasdaq Gains 100 Points; Lowe's Earnings Beat Views

Lowe's Companies Exec Says Continue To See Pressure In Bigger-Ticket Flooring, Kitchen And Bath And Decor Projects

Lowe's CEO Says As Interest Rates Ease, Expect Homeowners To Tap Into Home Equity To Finance Larger Home Improvement Projects

Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) shares are trading lower in the <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">premarket session on Tuesday</a>.
The company reported third-quarter adjusted earnings per share of $2.89 <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42057532/lowes-reports-third-quarter-2024-sales-and-earnings-results" rel="noreferrer noopener">beating the street view of $2.82</a>.
Quarterly sales of $20.170 billion outpaced the analyst consensus estimate of $19.424 billion.
Comparable sales for the quarter decreased 1.1%, driven by continued softness in DIY bigger-ticket discretionary demand, partly offset by storm-related sales and positive comparable sales in Pro and online.
Gross margin in the quarter under review remained relatively flat year over year to 33.69%. Quarterly operating income totaled $2.536 billion compared with $2.696 billion a year ago.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/global/24/11/42052735/boeing-to-lay-off-over-2500-workers-in-the-us-amid-global-workforce-reduction" rel="noreferrer noopener">Boeing To Lay Off Over 2,500 Workers In The US Amid Global Workforce Reduction</a>
During the third quarter, the company recognized a&nbsp;$54 million&nbsp;pre-tax gain associated with the 2022 sale of the Canadian retail business. This positively impacted third-quarter diluted EPS by&nbsp;10 cents.
&#8220;Next month at our Analyst and Investor Conference, I look forward to discussing our new growth and productivity initiatives, which underscore our confidence that we are well-positioned to capitalize on the expected recovery in home improvement,&#8221; said&nbsp;Marvin R. Ellison, Lowe&#8217;s chairman, president and CEO.&nbsp;&nbsp;
As of&nbsp;Nov. 1, Lowe&#8217;s operated 1,747 stores representing 195.0 million square feet of retail selling space.
Guidance: Lowe&#8217;s has revised its fiscal year 2024 outlook for its adjusted earnings per share (EPS) guidance from a range of $11.70 &#8211; $11.90 to a range of $11.80 &#8211; $11.90, <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">compared with the consensus estimate of $11.85.</a>
Additionally, the company raised its sales forecast from a range of $82.70 billion &#8211; $83.20 billion to a new range of $83.00 billion &#8211; $83.50 billion, compared with the consensus estimate of $83.05 billion.
For FY24, Comparable sales is expected to be -3.0 to -3.5%, as compared to prior year (previous view -3.5% to -4.0%).
Adjusted operating income as a percentage of sales (adjusted operating margin) of 12.3% to 12.4% (previously 12.4% to 12.5%).
Price Action: LOW shares are trading lower by 1.02% to $269.00 premarket at last check Tuesday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Lowe%27s_-_Cranberry_TWP,_PA_-_panoramio.jpg">Wikimedia Commons</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42022585/michael-van-de-poppe-says-bitcoin-ethereum-and-altcoins-close-to-the-point-where-investors-can-buy-the-dip?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Van De Poppe Says Bitcoin, Ethereum And Altcoins Close To The Point Where Investors Can &#8216;Buy The Dip&#8217;</a></li>
</ul>

Guidance

Lowe's Q3: Earnings: Revenue And EPS Beat But Comp Sales Fall Amid Softness In Bigger-Ticket DIY Discretionary Demand

U.S. stocks could open on a negative note on Tuesday after the <a href="https://www.benzinga.com/news/econ-s/24/11/42017118/stocks-tumble-as-traders-rethink-feds-action-vix-spikes-17-nasdaq-erases-back-post-trump-gains-whats-driving-markets-friday">averages maintained a cautious stance last week</a>. Futures of all three major indices were slightly down on Tuesday, pointing to a cautious sentiment on Wall Street.
Economic data and Federal Reserve chair Jerome Powell's comments about the future of rate cuts dampened the sentiment. Powell said the Federal Open Market Committee (FOMC) is not in a hurry after economic data showed strength.
Geopolitical tensions are weighing on investor sentiment, as Russian President Vladimir Putin expanded the country's nuclear doctrine, according to reports <a href="https://tass.com/politics/1874437">by</a> the TASS news agency.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.36%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.47%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.62%</td>
</tr>
<tr>
<td>R2K</td>
<td>-1.29%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.35% to $586.11 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.29% to $498.58, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed on a mixed note on Monday, with the Dow Jones closing in the red while the Nasdaq and S&amp;P 500 edged up.
Crude oil prices remained under the $70 mark, edging lower after rebounding due to disruptions in Norway.
Treasury yields eased marginally amid a broader risk-off sentiment.
On the economic data front, the NAHB/Wells Fargo Housing Market Index climbed to 46 in November from 43 in October, recording the highest reading in seven months.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, communication services, and consumer discretionary stocks recording the biggest gains on Monday.
However, industrial stocks bucked the overall market trend, closing the session lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.60%</td>
<td>18,791.81</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.39%</td>
<td>5,893.62</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.13%</td>
<td>43,389.60</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.11%</td>
<td>2,306.34</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Tom Lee, head of research at FundStrat Global Advisors, noted <a href="https://www.cnbc.com/video/2024/11/18/watch-cnbcs-full-interview-with-fundstrat-global-advisors-tom-lee.html">in</a> an interview with CNBC that the "Trump trade" is still intact despite it losing some steam over the past week.
He underscored that as uncertainty reduces around President-elect Donald Trump's announcement of Treasury Secretary, it will be a "clearing event" for the markets.
He also believes that although Fed chair Powell said there is no need to rush with rate cuts, the expectations for the number of cuts over the next year remain the same. Essentially, it's only a matter of timing, according to Lee.
With Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) set to announce its results this week, Lee thinks that it will be another "clearing event" for the markets.
"Markets get very hesitant in front of Nvidia's earnings. Once that is behind us, we'll see that the demand is strong and I think markets breathe a sigh of relief."
WisdomTree and Wharton School economist&nbsp;Jeremy Siegel reiterated his bull thesis but noted that higher rates could lead to some volatility in the near term.
"Equities still offer superior returns over the longer term compared to bonds," he said, as investors turn their eye towards the Federal Open Market Committee's (FOMC) next meeting.
Expectations of a further 25 basis point rate cut in December have fallen to just 65% now, down from 72% last week, according <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> CME Group's FedWatch tool.
"With long-term rates climbing, the market's trajectory will depend heavily on not only economic data but a clarification Trump's policies on tariffs and deportations," Siegel said.
On the whole, the Wharton economist underscored that "companies with strong balance sheets and pricing power" are best positioned to weather this higher-rate environment.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Tuesday's economic calendar is fairly light.
<ul>
<li>Data on new home construction and building permits will be released at 8:30 a.m. ET.</li>
<li>Chicago Fed President Austan Goolsbee&nbsp;will speak at 12:25 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares continued to rally, gaining 5.6% on Monday amid reports of Trump's transition team <a href="https://www.benzinga.com/markets/equities/24/11/42028797/tesla-soars-over-5-in-overnight-trading-as-trump-administration-reportedly-seeks-to-ease-fsd-norms">looking to ease self-driving rules</a>.</li>
<li>Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) subsidiary Google is staring at the prospect of <a href="https://www.benzinga.com/news/legal/24/11/42053249/google-could-lose-chrome-browser-in-dojs-latest-antitrust-move">divesting the Chrome web browser</a> as part of the Department of Justice's (DOJ) latest antitrust move. The company's stock fell in <a href="https://www.benzinga.com/markets/24/11/42056544/googles-parent-alphabet-shares-dip-during-tuesday-pre-market-whats-going-on">premarket trading on Tuesday</a>.</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares <a href="https://www.benzinga.com/markets/equities/24/11/42057634/super-micro-computer-is-up-by-30-on-tuesday-pre-market-whats-going-on">surged over 30% in premarket trading on Tuesday</a> after the company submitted a compliance plan to continue trading on the Nasdaq.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares were down 4.7% in premarket trading after <a href="https://www.benzinga.com/general/social-media/24/11/42048594/trump-digs-deeper-into-cryptocurrency-bakkt-shares-soar-on-reported-interest-from-president-elects-media-company">reports suggested</a> that it is looking to acquire cryptocurrency company Bakkt Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>).</li>
<li>Investors are awaiting earnings results from Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), and Medtronic Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, falling by 0.7% to hover around $68.69 per barrel.
The 10-year Treasury note yield eased marginally to 4.365%.
Major Asian markets ended in the green on Tuesday, while European stocks declined in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42056899/jim-cramer-thinks-trumps-plans-for-robotaxis-are-fanciful-but-he-is-still-bullish-on-tesla-stock-the-musk-premium-will-work-its-magic-in-other-ways">Jim Cramer Thinks Trump&#8217;s Plans For Robotaxis Are &#8216;Fanciful,&#8217; But He Is Still Bullish On Tesla Stock: &#8216;The Musk Premium Will Work Its Magic In Other Ways&#8217;</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

Federal Reserve

Pre-Market Outlook

Bakkt Holdings, Inc. Class A Common Stock

BKKT

GOOGL

US Stocks Likely To Open In Red Amid Mounting Geopolitical Tensions: Wharton Economist Says Market Trajectory Will 'Heavily Depend' On Trump's Tariff Plans

Full Year 2024 Outlook
<ul>
<li>Total sales of $83.0 to $83.5 billion (previously $82.7 to $83.2 billion)</li>
<li>Comparable sales expected to be down -3.0 to -3.5%, as compared to prior year (previously down -3.5 to -4.0%)</li>
<li>Adjusted operating income as a percentage of sales (adjusted operating margin) of 12.3 to 12.4% (previously 12.4 to 12.5%)</li>
<li>Net interest expense of approximately $1.3 billion (previously $1.4 billion)</li>
<li>Adjusted effective income tax rate of approximately 24.5%</li>
<li>Adjusted diluted earnings per share of approximately $11.80 to $11.90 (previously $11.70 to $11.90)</li>
<li>Capital expenditures of approximately $2 billion</li>
</ul>

Lowe's Raises FY24 Outlook: Adj EPS from $11.70-$11.90 to $11.80-$11.90 vs $11.82 Estimate; Sales from $82.70B-$83.20B to $83.00B-83.50B vs $82.99B Estimate

Lowes Q3 Comparable Sales -1.1%, Driven By Continued Softness In DIY Bigger-Ticket Discretionary Demand

Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) reported quarterly earnings of $2.89 per share which beat the analyst consensus estimate of $2.82 by 2.48 percent. The company reported quarterly sales of $20.170 billion which beat the analyst consensus estimate of $19.942 billion by 1.14 percent. This is a 1.47 percent decrease over sales of $20.471 billion the same period last year.

Lowe's Companies Q3 2024 Adj. EPS $2.89 Beats $2.82 Estimate, Sales $20.170B Beat $19.942B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Star Equity Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRR#NASDAQ">STRR</a>) is likely to report quarterly loss at $0.32 per share on revenue of $13.15 million. 
• EuroDry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDRY#NASDAQ">EDRY</a>) is projected to report quarterly loss at $0.23 per share on revenue of $19.14 million. 
• S&amp;W Seed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANW#NASDAQ">SANW</a>) is expected to report quarterly loss at $1.40 per share on revenue of $17.00 million. 
• GDS Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) is likely to report quarterly loss at $0.21 per share on revenue of $415.42 million. 
• Valvoline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVV#NYSE">VVV</a>) is expected to report quarterly earnings at $0.42 per share on revenue of $432.47 million. 
• Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) is likely to report quarterly earnings at $1.17 per share on revenue of $805.43 million. 
• Jacobs Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) is likely to report quarterly earnings at $1.37 per share on revenue of $3.01 billion. 
• Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) is likely to report quarterly loss at $0.14 per share on revenue of $247.64 million. 
• Atour Lifestyle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $264.74 million. 
• MYT Netherlands Parent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYTE#NYSE">MYTE</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $203.93 million. 
• Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) is expected to report quarterly earnings at $2.82 per share on revenue of $19.94 billion. 
• Vipshop Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $2.91 billion. 
• Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $435.98 million. 
• Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is estimated to report quarterly earnings at $0.53 per share on revenue of $167.72 billion. 
• Viking Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) is expected to report quarterly earnings at $0.85 per share on revenue of $1.66 billion. 
• Danimer Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNMR#NYSE">DNMR</a>) is likely to report quarterly loss at $0.20 per share on revenue of $8.57 million. 
• Northern Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $22.50 million. 
• Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is likely to report quarterly earnings at $0.31 per share on revenue of $12.40 million. 
• Futu Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) is expected to report quarterly earnings at $0.97 per share on revenue of $347.63 million. 
• Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $22.80 million. 
• Elbit Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) is likely to report quarterly earnings at $1.86 per share on revenue of $1.61 billion. 
• XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) is estimated to report quarterly loss at $0.27 per share on revenue of $1.38 billion. 
• Amer Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $1.30 billion. 
• Medtronic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) is projected to report quarterly earnings at $1.25 per share on revenue of $8.27 billion. 
• Oaktree Specialty Lending (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCSL#NASDAQ">OCSL</a>) is estimated to report quarterly earnings at $0.56 per share on revenue of $96.90 million. 
<h3>Companies Reporting After The Bell</h3>
• Workhorse Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) is projected to report quarterly loss at $0.82 per share on revenue of $4.68 million. 
• XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $772.20 million. 
• AZEK Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZEK#NYSE">AZEK</a>) is likely to report quarterly earnings at $0.27 per share on revenue of $339.99 million. 
• Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) is estimated to report earnings for its third quarter. 
• Sociedad Quimica Y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $1.09 billion. 
• StoneX Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNEX#NASDAQ">SNEX</a>) is estimated to report quarterly earnings at $2.05 per share on revenue of $462.98 million. 
• Kore Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KORE#NYSE">KORE</a>) is estimated to report quarterly loss at $0.63 per share on revenue of $67.90 million. 
• ReNew Energy Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNW#NASDAQ">RNW</a>) is expected to report quarterly earnings at $0.12 per share on revenue of $313.59 million. 
• Qifu Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) is likely to report quarterly earnings at $1.42 per share on revenue of $588.49 million. 
• Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) is expected to report quarterly earnings at $0.99 per share on revenue of $305.05 million. 
• Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) is likely to report quarterly earnings at $3.55 per share on revenue of $286.49 million. 
• La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $505.98 million. 
• Auna (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUNA#NYSE">AUNA</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $297.67 million. 
• Varex Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VREX#NASDAQ">VREX</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $200.54 million. 
• Keysight Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) is likely to report quarterly earnings at $1.57 per share on revenue of $1.26 billion. 
• ZTO Express (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) is estimated to report quarterly earnings at $0.41 per share on revenue of $1.48 billion. 
• Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $307.94 million. 
• Golub Capital BDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBDC#NASDAQ">GBDC</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $234.39 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For November 19, 2024

Bernstein lowered the firm's price target on Lowe's (LOW) to $301 from $306 and keeps an Outperform rating on the shares. The firm notes the compan...

Lowe's price target lowered to $301 from $306 at Bernstein

In a report released today, Michael Baker from D.A. Davidson maintained a Hold rating on Lowe's (LOW – Research Report). The company's shares close...

D.A. Davidson Reaffirms Their Hold Rating on Lowe's (LOW)

DA Davidson raised the firm's price target on Lowe's (LOW) to $270 from $240 and keeps a Neutral rating on the shares. The firm's cites the company...

Lowe's price target raised to $270 from $240 at DA Davidson

RBC Capital analyst Steven Shemesh raised the firm's price target on Lowe's (LOW) to $291 from $290 and keeps a Sector Perform rating on the shares...

Lowe's price target raised to $291 from $290 at RBC Capital

Evercore ISI raised the firm's price target on Lowe's (LOW) to $270 from $255 and keeps an In Line rating on the shares. Q3 comps were the best sin...

Lowe's price target raised to $270 from $255 at Evercore ISI

During market volatility and economic downturns, investors often turn to stocks offering stable dividends and growth opportunities. Thus, quality dividend stocks Johnson & Johnson (JNJ), Lowe's Companies (LOW), and Target Corporation (TGT) could be ideal portfolio additions for long-term wealth. Continue reading... Many investors favor investing in dividend stocks, offering continuous growth over the years. Large, well-established companies from industries like medicine and utilities with predicted cash flows offer solid dividend growth to their investors.
Given this backdrop, it could be wise to invest in quality dividend stocks Johnson &amp; Johnson (<a href="https://stocknews.com/stock/JNJ/">JNJ</a>), Lowe's Companies, Inc. (<a href="https://stocknews.com/stock/LOW/">LOW</a>), and Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>) for long-term wealth.
Amid the ongoing economic uncertainties and geopolitical risks, investors are seeking investments with stable income flow, and dividend stocks emerge as an ideal choice for their resilience during market fluctuations.
Companies that have paid <a href="https://www.investopedia.com/terms/d/dividend.asp">dividends</a> for decades are outshining their non-dividend counterparts. The companies' payouts have grown significantly over the years, offering higher and more reliable returns, a stable income stream, protection against inflation, and long-term growth.
Over the 12 months ending September 2024, <a href="https://press.spglobal.com/2024-10-09-S-P-Dow-Jones-Indices-Reports-U-S-Common-Indicated-Dividend-Payments-Increase-of-9-5-Billion-in-Q3-2024-As-Dividend-Growth-Slows#:~:text=Q3%202024%20U.S.%20common%20dividend,%249.2%20billion%20in%20Q3%202023.">U.S. common dividend marked increases</a> of $74.70 billion, up 16.9% from the previous year's $63.9 billion. Also, on a per share basis, S&amp;P 500's third quarter 2024 dividend payments set a record, as payments grew 2.2% to $18.68 per share from $18.28 in the second quarter of 2024.
Hence, stocks of well-established companies from sectors like medical, home improvement, and consumer goods, having stable earnings, predictable cash flows, and a strong commitment to reward shareholders are suitable portfolio additions. The stocks will provide reliable passive income, long-term wealth creation prospects, and stability in the turmoil environment.
Given these factors, let's delve deeper into the fundamentals of the top dividend growth stocks: JNJ, LOW, and TGT.
Johnson &amp; Johnson (<a href="https://stocknews.com/stock/JNJ/">JNJ</a>)
JNJ and its subsidiaries research, develop, manufacture, and sell various products in the healthcare sector internationally. The company operates through the Innovative Medicine and MedTech segments. It provides products for various therapeutic areas, like immunology, including rheumatoid arthritis, psoriatic arthritis, inflammatory bowel disease, and psoriasis.
On November 18, JNJ announced positive topline results from ICONIC-LEADa, a pivotal Phase 3 investigational study of icotrokinra (JNJ-2113), the first targeted oral peptide that selectively blocks the IL-23 receptor in patients with moderate to severe plaque psoriasis (PsO). The Phase 3 study met its co-primary endpoints, where over 74% of patients achieved clear or almost clear skin at week 24.
On October 15, JNJ's Board of Directors declared a cash dividend of $1.24 per share on its common stock for the fourth quarter of 2024. The dividend is payable on December 10, 2024, to shareholders of record at the close of business on November 26, 2024.
JNJ pays an annual dividend of $4.96, which translates to a yield of 3.20% at the current share price. Its four-year average dividend yield is 2.73%. Moreover, the company's dividend payouts have increased at a CAGR of 5.6% over the past five years. JNJ has raised its dividends for 61 consecutive years.
For the nine months that ended September 30, 2024, JNJ's reported sales increased 4% year-over-year to $66.30 billion. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp#:~:text=Gross%20profit%2C%20or%20gross%20income,fluctuate%20compared%20to%20production%20output.">gross profit</a> grew 4.4% from the year-ago value to $45.96 billion. The company's net earnings from continuing operations of $10.64 billion and $4.83 indicate growth of 15.7% and 24.1% from the prior year's period, respectively.
Analysts expect JNJ's EPS for the fiscal year (ending December 2024) to increase marginally year-over-year to $9.96, and its revenue is estimated to grow 4.3% year-over-year to $88.78 billion for the same year. Moreover, the company surpassed the consensus EPS estimates in each of the trailing four quarters.
JNJ's stock has soared 1.1% over the past six months and 2.1% over the past year to close the last trading session at $153.
JNJ's robust outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Stability, Quality, Sentiment, and Value. Within the <a href="https://stocknews.com/category/pharmaceuticals/">Medical - Pharmaceuticals</a> industry, JNJ is ranked #13 among the 155 stocks.
<a href="https://stocknews.com/stock/JNJ/">Click here</a> to access additional JNJ ratings for Growth and Momentum.
Lowe's Companies, Inc. (<a href="https://stocknews.com/stock/LOW/">LOW</a>)
LOW operates as a home improvement retailer. The company provides products for construction, maintenance, repair, remodeling, and decorating. It also offers home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens, and baths.
On November 15, LOW's Board of Directors declared a quarterly cash dividend of $1.15 per share, payable on February 5, 2025, to shareholders of record as of January 22, 2025.
LOW's annual dividend of $4.60 translates to a dividend yield of 1.69% at the current share price. Its four-year average dividend yield is 1.67%. Also, the company's dividend payouts have increased at a CAGR of 17.1% over the past three years. Lowe's has raised its dividends for 61 consecutive years.
On November 4, LOW introduced its Digital Home Platform, exclusively available to MyLowe's Rewards members. The platform offers free, personalized information about products in the houses, including warranties and manuals, maintenance suggestions and how-to content, recommended subscriptions, and replacement parts from the palm of their hand.
During the third quarter that ended November 1, 2024, LOW reported net sales of $20.17 billion, and its operating income was $2.54 billion for the quarter. The company's net earnings came in at $1.69 billion, while its adjusted EPS was $2.89 for the quarter, respectively.
In addition, the company's cash and cash equivalents stood at $3.27 billion as of November 1, 2024, compared to $1.21 billion as of November 3, 2023.
The consensus EPS estimate of $4.24 for the second quarter (ending July 2025) represents a 3.5% improvement year-over-year. The consensus revenue estimate of $23.86 billion for the same quarter represents a 1.2% increase from last year. The company has an impressive surprise history; it surpassed the consensus EPS estimates in all of the trailing four quarters.
LOW's stock has surged 13.1% over the past six months and 26.8% over the past year to close the last trading session at $259.26.
LOW's bright outlook is reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Quality and Sentiment. LOW is ranked #15 among the 57 stocks in the B-rated <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> industry.
<a href="https://stocknews.com/stock/LOW/">Click here</a> to access LOW's other ratings for Growth, Momentum, Stability, and Value.
Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>)
TGT operates as a general merchandise retailer. The company offers a line of apparel for women, men, boys, girls, toddlers, and infants and newborns. It also offers jewelry, accessories, shoes, beauty and personal care, baby gear, cleaning, paper products, and pet supplies.
On October 22, TGT announced its intention to lower regular prices on over 2,000 products across owned and national brands this holiday season, which could boost its sales.
On September 18, TGT's Board of Directors declared a quarterly dividend of $1.12 per common share.  The dividend is payable on December 10, 2024, to shareholders of record at the close of business on November 20, 2024.
TGT's annual payout of $4.48 equates to a yield of 2.86% at the current share price. The company's four-year average dividend yield is 2.30%. Also, its dividend payouts have increased at 12% CAGR over the past three years. Target has raised its dividends for 56 consecutive years.
TGT reported total revenue of $25.45 billion for the second quarter that ended August 3, 2024, up 2.7% year-over-year. Its operating income grew 36.6% from the year-ago value to $1.64 billion, fueled by higher sales and an improved gross margin rate.
Furthermore, the company's net earnings came in at $1.19 billion or $2.57 per share, reflecting growth of 42.7% and 42.8% from the prior year's quarter, respectively.
Analysts expect TGT's revenue for the third quarter (ended October 2024) to increase 2% year-over-year to $25.90 billion. The consensus EPS estimate of $2.30 indicates a 9.5% rise year-over-year. Also, the company has topped the consensus revenue and EPS estimates in three of the trailing four quarters.
Shares of TGT have gained 1.4% over the past month and 20.3% over the past year to close the last trading session at $156.
TGT's POWR Ratings reflect its robust outlook. TGT has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
The stock has a B grade for Quality, Momentum, Growth, and Value. It is ranked #8 among the 36 stocks in the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry.
<a href="https://stocknews.com/stock/TGT/">Click here</a> to access additional TGT ratings for Stability and Sentiment.
What To Do Next?
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<hr />
JNJ shares fell $0.10 (-0.07%) in premarket trading Wednesday. Year-to-date, JNJ has declined -0.16%, versus a 25.55% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/jnj-low-tgt-3-dividend-growth-stocks-to-secure-for-long-term-wealth/>3 Dividend Growth Stocks to Secure for Long-Term Wealth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Dividend Growth Stocks to Secure for Long-Term Wealth

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