Lowe's (LOW, $120.42) to hire 53,000+ workers
Lowe's Cos. has plans to add more than 53,000 full-time, part-time and seasonal workers across its U.S. stores for spring.
The home-improvement retail chain announced on Thursday that its stores in Florida, Southern California, Hawaii, and parts of Arizona, Utah, Nevada, Texas, Alabama and Georgia, will conduct the first walk-in recruitment events, on Jan. 8. The remaining hiring events at Lowe's stores in other U.S. regions will be held on Jan. 15, Feb. 5, Feb. 19 and March 4.
Some candidates appearing for the events might get job offers on the spot. In-store seasonal positions include cashiers, lawn and garden associates, stockers and loaders. Full-time and part-time year-round roles include department supervisors, cashiers, stockers, sales specialists, customer-service associates and merchandise-service associates.
Jennifer Weber, Lowe's executive vice president for human resources, said in a statement, "Spring is the busiest season for home-improvement projects and a great time to launch a new career at Lowe's".
LOW saw its Stochastic Oscillator recovers from the overbought zone
The Stochastic Oscillator for LOW moved out of overbought territory on December 06, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 64 similar instances where the indicator exited the overbought zone. In of the 64 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on LOW as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
LOW moved below its 50-day moving average on December 10, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LOW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for LOW just turned positive on November 25, 2024. Looking at past instances where LOW's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for LOW crossed bullishly above the 50-day moving average on December 04, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LOW advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 336 cases where LOW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (12.239). P/E Ratio (18.885) is within average values for comparable stocks, (36.451). Projected Growth (PEG Ratio) (3.244) is also within normal values, averaging (2.650). Dividend Yield (0.018) settles around the average of (0.034) among similar stocks. P/S Ratio (1.685) is also within normal values, averaging (18.957).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. LOW’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a company, which engages in the retail sale of home improvement products
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