Lowe‘s Earnings $LOW (+0.59%)
Lowe'sUS5486611073LOWLOW
BILL ACKMAN BOUGHT $NKE (+9.5%)
It's one of his first buys in over a year.
This position represent 2.2% of his 10$ bln portfolio and roughly a 0.19% ownership of Nike.
He hasn't made any public comment yet about this decision.
- Chipotle
He drastically reduced is position even if it remains still is 2° holding.
- Alphabet
He sold about 28% of his $GOOGL (+0.99%) position (both Class A and Class C)
- Brookfield Corp.
He opened a new position in $BN (+1.52%) ad now represents roughly 3% of his total portfolio.
- Lowe's
He sold 100% of shares in $LOW (+0.59%) after he made approximately 140% gain.
Bill Ackman is a famous superinvestor known for his approach of owning few stocks and limiting the diversification.
Considerations:
- Chipotle $CMG (+1.05%)
He probably sold because he knew that the CEO was going to leave or because of the high valuation this company has.
- Lowe's
Lowe's and Home Depot are good business especially when interest rates are low, probably he thinks that interests rates reduction are going to take a lot of time.
- Alphabet
I am surprised to see that he has sold considering how good Alphabet is as a company and the valuation is not high.
- Nike
I am surprised to see that he bought Nike.
I always imagined Bill A. as the kind of investor who would have bought $LULU (-0.66%) instead.
Right now Lululemon has a lower valuation than Nike, but better growth ahead.
Another week, another (fractional) share of $V (-1.68%) 💳
Today’s purchase brings to me up to just about 14 total shares of Visa. At this point, it’s the 7th largest position in the portfolio, and is just a hair behind the 6th largest, $LOW (+0.59%).
I plan to keep chipping away at Visa until I reach 20 shares, and then I’ll consider contributing to other things again. It’s getting really tempting not to add to some of my down/break even positions like $SBUX (+0.07%) ,$WPC (-0.79%), or $JNJ (-1.21%)…but what are you going to do, gotta keep the focus!
Which stocks are you buying this week? Let me know in the comments! 👇
The coming week summarized:
Monday:
- New home sales (January)
- Quarterly reports from Workday ($WDAY (-1.32%) ), Zoom Video Communications ($ZM (-0.5%) ), Domino's Pizza ($DPZ (+0.27%) ) and Unity Software ($U (-0.44%) )
Tuesday:
- Orders for durable goods (January)
- S&P Case-Shiller Home Price Index
- Consumer Confidence (February)
- Quarterly reports from Lowe's ($LOW (+0.59%) ), ONEOK ($OKE (-0.53%) ), Bank of Montreal ($BMO (+2.21%) ), American Tower ($AMT (-3.12%) ) and AutoZone ($AZO (-1.5%) )
Wednesday:
- Gross Domestic Product of the USA (first revision of the fourth quarter)
- US trade balance (January)
- Retail inventories (January)
- Wholesale inventories (January)
- Quarterly reports from Salesforce ($CRM (+5.04%) ), Snowflake ($SNOW (+2.25%) ), Royal Bank of Canada ($RY (+2.68%) ), HP ($HPQ (+0.45%) ), TJX ($TJX (+0.25%) ), Paramount Global ($PARA (-1.16%) ) and Monster Beverage Corp. ($MNST (-1.42%) )
Thursday:
- Personal Consumer Price Index (PCE)
- Initial claims for unemployment benefits
- Pending home sales (January)
- Statements by Atlanta Fed President
Raphael Bostic, Chicago Fed President Austan Goolsbee and Cleveland Fed President Loretta Mester - Quarterly reports from Anheuser-Busch InBev ($BUD (-0.44%) ), Dell Technologies ($DELL (+0.14%) ), Toronto-Dominion Bank ($TD.PR.P ), Hewlett Packard Enterprise ($HPE (+1.62%) ) and Best Buy ($BBY (-0.98%) )
Friday:
- Statements from Dallas Fed President Lorie Logan, Federal Reserve Board Gov. Christopher Waller, Atlanta Fed President Bostic and San Francisco Fed President Mary C. Daly
- Quarterly reports from RadNet ($RDNT (+3.31%) ), Plug
Power ($PLUG (-2.3%) ) and FuboTV ($FUBO )
The next figures from q1 2024 will be exciting !!! 👍 that will decide a lot about how the year will go!
Thanks for the great list!
Q4-2023 - Bill Ackman - Pershing Square Capital Management
He reduced his stake in $LOW (+0.59%) by about 82%, his share went from 16% to 2.67%.
Financials
Market Cap
$145.58B5Y beta
1.09EPS (TTM)
$12.07Free Float
566.70MP/E ratio (TTM)
21.27Revenue (TTM)
$84.02BEBITDA (TTM)
$12.38BFree Cashflow (TTM)
$5.04BPricing
Analyst Ratings
The price target is $251.76 and the stock is covered by 33 analysts.
Buy
15
Hold
15
Sell
3
Information
Lowe's Companies, Inc. is a home improvement company. The Company offers a complete line of products for construction, maintenance, repair, remodeling, and decorating. It offers home improvement products in various categories, including appliances, seasonal and outdoor living, lumber, lawn and garden, kitchens and bath, hardware, building materials, millwork, paint, rough plumbing, tools, electrical, flooring, and decor. It is focused on offering a wide selection of national brand-name merchandise complemented by its selection of private brands. Its services include installed sales and Lowe's Protection Plans and Repair Services. The Company offers installation services through independent contractors in many of its product categories. It offers extended protection plans for certain products within the appliances, kitchens and bath, decor, millwork, rough plumbing, electrical, seasonal and outdoor living, tools, and hardware categories. It operates over 1,700 home improvement stores.