Lowe’s Companies, Inc. (NYSE: LOW) recently reported a modest top and bottom line beat, with same-store sales coming in slightly light. Despite this, the company raised its full-year sales forecast while lowering its same-store sales outlook. Lowe’s also adjusted its earnings guidance downward, but maintained very little inventory.
Lowe’s is a home improvement retailer that offers tools, appliances, building materials, and decor for various projects. The company also provides installation, repair, and design services. While LOW has potential as an investment, other AI stocks may offer greater upside potential and less downside risk.
For more investment opportunities, check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now.” This article is originally published on Insider Monkey and contains no disclosures.
Read more at Yahoo Finance: Jim Cramer Says “Despite This Tricky Environment, Lowe’s is Doing Pretty Well”
