Lowe's reaps the rewards of healthy housing market
The home improvement retailer is bucking the trend of poor retail performance, releasing earnings and revenue Wednesday that was better than analysts were expecting. The stock is up 1.75% in the early hours of trading.
Why it matters: Lowes benefits from selling the type of products that are expensive to buy online, but is also reaping the rewards of a healthy housing market. Rising prices give homeowners access to home equity financing for renovation products, and they also create greater incentive to invest in the value of their homes.