Rochester,NY 6/29/2009 9:30:54 PM
LOW,Good News: Housing Sector Soars
Lowe's Companies Inc
Morning Movers - LOW - Good News: Housing Sector Soars - Sourced WhisperFromWallStreet.comhttp://whisperfromwallstreet.com is a FREE award winning newsletter that specializes in sending alerts to our subscribers on stocks we think are going to run, why we think so, as well as teaching you how to become a better trader. We scan hundreds of stocks a day to find those that meet our criteria and when we find one, we send you an alert. We have sent out 40 alerts so far in 2009 with an average price gain of over 80%. Please join risk free and see for yourself.
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Lowe's Companies Inc,LOW
After Hours: 19.44 Up 0.22 (1.14%) 10:23AM ET
Shares of home builders, home-improvement retailers and home-furnishers were all up on Thursday, following some good news in the sector.
Despite widening its loss in the second quarter, home builder Lennar(LEN Quote) reported some promising data Thursday morning.
The company posted a 47% increase in sales of completed homes and 63% jump in orders from the first quarter. Lennar also saw a 15% cancellation rate, smaller than the 22% rate in the year prior.
Revenue declined to $891.9 million, from $1.13 billion last year, but Lennar still managed to beat Wall Street's estimate of revenue of $597.5 million.
About
Lowe?s Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States and Canada. The company provides a range of products and services for home decoration, maintenance, repair, remodeling, and property maintenance. It offers home improvement products in various categories, such as appliances, lumber, paint, flooring, building materials, millwork, lawn and landscape products, fashion plumbing, hardware, lighting, tools, seasonal living, rough plumbing, outdoor power equipment, cabinets and countertops, nursery, rough electrical, home environment, home organization, and windows and walls. The company?s products also include boards, panel products, irrigation pipes, vinyl sidings, and ladders. It serves homeowners and renters, including do-it-yourself and do-it-for-me customers, and others buying for personal and family use; and commercial business customers, such as construction, repair/remodel, commercial and residential property management, and business maintenance professions. The company also offers its products online. As of January 30, 2009, it operated 1,649 stores in the United States and Canada. The company was founded in 1952 and is based in Mooresville, North Carolina.
Last Trade: 19.30
Day's Range: 19.18 - 19.50
52wk Range: 13.00 - 28.49
Volume: 1,655,507
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