Lowes

Lowes, Home Depot and Scotts Miracle-Gro

For Immediate Release

Chicago, IL – June 26, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Lowes Companies, Inc. LOW, The Home Depot Inc. HD and The Scotts Miracle-Gro Co. SMG.

Here are highlights from Thursday’s Analyst Blog:

Coronavirus Feeds Home Improvement Trends: 3 Stocks to Count On

The COVID-19-induced shelter-at-home orders fueled the need for home improvement by housebound Americans, thereby driving demand for the said industry.

The home improvement space includes Décor and indoor garden, Painting and wallpaper, Tools and hardware, Building materials, Lighting et al.  Apart from essentials, retailers in this industry are witnessing solid demand for gardening and other in-house activity-related products.

Although states are reopening and people are reporting back to work, the emergence

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Coronavirus causes Lowe’s sales of unexpected items to spike

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While the coronavirus pandemic has millions of Americans confined to their homes, home improvement company Lowe’s is seeing a sales boom.

“Now that people are spending more time at home, things are becoming more evident that they need to replace, fix and repair,” Lowe’s CEO and president Marvin Ellison told FOX Business’ Liz Claman on Tuesday. “And we just want to be here for the consumer right now.”

During the exclusive interview on “The Claman Countdown,” Ellison listed a few home-improvement projects people seem to be taking on during their lockdowns.

“[People are] replacing refrigerators that break because people are desperately trying to keep food and medicines from spoiling,” Ellison noted. “We’re selling freezers for people who are buying big food items in bulk that they’ve never done before.”

COMPANIES JOIN CORONAVIRUS

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