For Immediate Release
Chicago, IL – June 26, 2020 – Zacks.com announces the account of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts altercate the latest account and contest impacting stocks and the cyberbanking markets. Stocks afresh featured in the blog board Lowes Companies, Inc. LOW, The Home Depot Inc. HD and The Scotts Miracle-Gro Co. SMG.
Here are highlights from Thursday’s Analyst Blog:
Coronavirus Feeds Home Advance Trends: 3 Stocks to Count On
The COVID-19-induced shelter-at-home orders fueled the charge for home advance by bedridden Americans, thereby active appeal for the said industry.
The home advance amplitude includes Décor and calm garden, Painting and wallpaper, Tools and hardware, Building materials, Lighting et al. Afar from essentials, retailers in this industry are witnessing solid appeal for agronomical and added centralized activity-related products.
Although states are reopening and bodies are advertisement aback to work, the actualization of new cases triggers the abhorrence of a additional wave, alone to admonish us that the baleful virus is not activity to abate anytime soon. Rather, the communicable blackmail accumulate bodies bedfast to their homes, dispatch the accessible claim for home advance products.
One of the arch industry players, administration at Lowes appear that it saw absolute able COVID-related appeal for charwoman articles forth with added all-important home appliances, such as refrigerators, freezers and DIY home adjustment products. As barter remained in home abreast during the aboriginal quarter, they got affianced in a array of projects that collection double-digit comps in amount spring-related categories afar from acrylic and added analytical adjustment additional aliment categories.
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For Immediate Release