LOW - Is It Too Late to Buy Lowe's Stock Now?
2024-03-02 09:45:00 ET
The S&P 500 has gained about 27% over the past year. In the wake of such significant market moves, it's easy to suspect that you've missed out on your chance to profit. That need not be the case, especially for patient investors who take a long-term approach. The key is to find companies with strong fundamentals and good return potential.
For example, consider Lowe's Companies (NYSE: LOW) . Its share price has increased by approximately 30% since it touched a 52-week low in late October. Should this big increase in just four months scare off buyers? It might be tempting to write off the stock right now, but I think Lowe's shares still offer an attractive opportunity.
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Is It Too Late to Buy Lowe's Stock Now?