Should You Buy Lowe's Stock Before Aug. 19?
Regardless of how the home improvement retailer's stock performs immediately after its earnings release, its long-term bull case remains intact.
Overview
Lowe's (NYSE: LOW) will report its fiscal second-quarter earnings before the market opens on Aug. 19. Much like its chief rival, Home Depot, the home improvement and building-products retailer's business has been stuck of late as it contends with soft demand. While Lowe's reported better-than-expected results last quarter, management maintained a soft outlook, setting low expectations for the year.
Lowe's shares are down by about 10.5% year to date. Already trading at a cheap valuation compared to its main peer, the stock could become even more of a bargain if investors react negatively to the upcoming earnings release.
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Originally published at www.fool.com.