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Lowe's on Hiring Spree as It Gears Up for Spring Season
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Lowe's Companies Inc. (LOW - Free Report) is warming up for the spring season. The company will be hiring 53,000 seasonal staff to manage traffic over the spring season. Moreover, recruitment this year is up by 8,000 employees compared with the last year.
Generally, spring is the busiest season for Lowe’s and other home improvement retailers, like The Home Depot, Inc. (HD - Free Report) , Builders FirstSource, Inc. (BLDR - Free Report) and Beacon Roofing Supply, Inc. (BECN - Free Report) , as home renovation activity picks up considerably during this time. Moreover, a rebounding housing market will act as a catalyst this season.
The company had openings for the position of service and support managers, cashiers, customer service associates, stockers and sales specialists. Chief human resources officer, Jennifer Weber said “When employees join Lowe's, they are joining more than a Fortune 40 company. They are joining a supportive network of caring, inspiring team members who are here to serve customers, communities and each other.”
Lowe’s, with 2,370 retail stores across the globe, offers a wide range of products and services for home decoration, maintenance, repair, remodeling and property maintenance. Currently, the company employs more than 290,000 associates.
Stock Performance
In the past six months, the stock has gained 42%, outperforming the industry’s growth of 38%. We believe improving job scenario, housing market recovery, merchandising initiatives and post hurricane construction activities along with efforts to enhance omni-channel capabilities bode well for Lowe’s. The company’s Canadian business has been performing quite well. The buyout of RONA is reinforcing its position in the Canadian market.
Further, the Zacks Rank #3 (Hold) company’s Canada entered into a strategic partnership with Solar Brokers Canada to provide solar energy installation services to homeowners under Lowe's Solar banner. Of late, the company has been focusing on maintenance, repair and operations products, evident from its acquisition of Maintenance Supply Headquarters and the earlier buyout of Central Wholesalers.
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Lowe's on Hiring Spree as It Gears Up for Spring Season
Lowe's Companies Inc. (LOW - Free Report) is warming up for the spring season. The company will be hiring 53,000 seasonal staff to manage traffic over the spring season. Moreover, recruitment this year is up by 8,000 employees compared with the last year.
Generally, spring is the busiest season for Lowe’s and other home improvement retailers, like The Home Depot, Inc. (HD - Free Report) , Builders FirstSource, Inc. (BLDR - Free Report) and Beacon Roofing Supply, Inc. (BECN - Free Report) , as home renovation activity picks up considerably during this time. Moreover, a rebounding housing market will act as a catalyst this season.
The company had openings for the position of service and support managers, cashiers, customer service associates, stockers and sales specialists. Chief human resources officer, Jennifer Weber said “When employees join Lowe's, they are joining more than a Fortune 40 company. They are joining a supportive network of caring, inspiring team members who are here to serve customers, communities and each other.”
Lowe’s, with 2,370 retail stores across the globe, offers a wide range of products and services for home decoration, maintenance, repair, remodeling and property maintenance. Currently, the company employs more than 290,000 associates.
Stock Performance
In the past six months, the stock has gained 42%, outperforming the industry’s growth of 38%. We believe improving job scenario, housing market recovery, merchandising initiatives and post hurricane construction activities along with efforts to enhance omni-channel capabilities bode well for Lowe’s. The company’s Canadian business has been performing quite well. The buyout of RONA is reinforcing its position in the Canadian market.
Lowe's Companies, Inc. Price and EPS Surprise
Lowe's Companies, Inc. Price and EPS Surprise | Lowe's Companies, Inc. Quote
Further, the Zacks Rank #3 (Hold) company’s Canada entered into a strategic partnership with Solar Brokers Canada to provide solar energy installation services to homeowners under Lowe's Solar banner. Of late, the company has been focusing on maintenance, repair and operations products, evident from its acquisition of Maintenance Supply Headquarters and the earlier buyout of Central Wholesalers.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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