Is Lowe's Stock a Buy?
Lowe's (NYSE: LOW) benefits from consumers spending more on home improvement as they are spending more time at home. Sales are surging in fiscal 2020. That streak appears likely to continue as the company is deemed an essential retailer and will likely be allowed to remain open during the most recent surge in coronavirus cases. Meanwhile, many other businesses are being asked to close their doors, and consumers have fewer options on where they can spend time and money.
Positive news on the deployment of a coronavirus vaccine means that the pandemic may end sometime in 2021. And while the company has done extremely well during the pandemic, it remains to be seen if it can carry that momentum when there is a return to normalcy. Let's take a closer look at its prospects and the company's valuations to determine if now is a good time to buy Lowe's stock.
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Source Fool.com
