Lowes (LOW) and Home Depot (HD) - Rallying on Government Handouts? It Appears So

By Trader Mark
16 December 2009 @ 08:15 am EDT

As I was reviewing the stocks / sectors we mentioned Monday as outperformers [Dec 14, 2009: There is Always a Bull Market Somewhere] the one name I could not wrap my mind around was Lowes (LOW).  While some retail stocks are flying in anticipation of (a) Christmas or (b) the "consumer is back as he defaults left and right on previous debt obligations, hence freeing up cash flow for new spending" - home improvement is not exactly a big Christmas item, and many housing related stocks have hit a wall now that housing seasonality has gone away.

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