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Bullish Case: With an 88% higher bullish than bearish risk and a 132% increase over five years, LOW reflects strong historical performance and current stability for growth.


Bearish Case: Flat recent price action and low trading volume suggest limited immediate momentum, while a high P/B ratio may hint at overvaluation risks.


Potential Outcomes: 65% chance of slight bullish momentum due to historical growth, 25% probability of a neutral trend, and 10% risk of downside correction.


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March 27, 2024


Lowe's Cos. Forecast

LOW        Lowe's Cos.
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with LOW



HIW Forecast + Options Trading Strategies   [HIW]  Highwoods Properties (0.91)


TNA Forecast + Options Trading Strategies   [TNA]  Direxion Daily Small Cap Bull 3X Shares (0.89)


IQV Forecast + Options Trading Strategies   [IQV]  IQVIA (0.89)


UWM Forecast + Options Trading Strategies   [UWM]  ProShares Ultra Russell2000 (0.89)


CMC Forecast + Options Trading Strategies   [CMC]  Commercial Metals (0.89)



Uncorrelated Stock Forecasts

Assets with little price relationship to LOW



HSY Forecast + Options Trading Strategies   [HSY]  Hershey (-0.0)


VSCO Forecast + Options Trading Strategies   [VSCO]  Victoria's Secret (0.0)


PAAS Forecast + Options Trading Strategies   [PAAS]  Pan American Silver (0.0)


DRQ Forecast + Options Trading Strategies   [DRQ]  Dril-Quip (0.0)


IGV Forecast + Options Trading Strategies   [IGV]  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against LOW



DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.73)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.73)


HUM Forecast + Options Trading Strategies   [HUM]  Humana (-0.8)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.84)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.84)





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