Is Lowe's Stock a Buy?
It may seem like a strange time to consider investing in Lowe's (NYSE: LOW). The U.S. economy is in a recession and people tend to buy less from the home goods retailer when their employment prospects weaken.
This makes sense since there is a correlation between homebuying and people doing improvement work. But with people stuck in the house, the company has done well recently as homeowners have done projects around the house.
With Lowe's share price up nearly 30% since the start of the year, investors are betting on continued strength. Is now a good time to jump in?
Source Fool.com
