Despite strong profits, Lowe's faces challenges from low hou...
Despite strong profits, Lowe's faces challenges from low housing turnover and a consumer shift towards services. CEO Marvin Ellison anticipates these factors will pressure home improvement spending in 2024.
Lowe's Says Housing Turnover Is Depressed, so Why's the Stock at a 7-month High?
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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