Lowe’s Is Staging a Comeback for 2024 (Watch Now)

When something goes wrong at home, you’re either going to Lowe’s (LOW) or you’re going to Home Depot (HD).

There aren’t many other options when two companies control an entire market. The home renovation “duopoly” has nurtured a long-standing rivalry between LOW and HD.

While they vie for customers, our social media machine gives us an invaluable investing edge: We can see which brand is winning over consumers in real time. And we can use that intel to make winning trades.

As recently as April, Home Depot had a clear advantage over Lowe’s with consumers, especially in Consumer Happiness.

And we’ve got the profits to show for it: LikeFolio Investor subscribers had an opportunity to score a 50% return on HD last year.

But the playing field has become particularly treacherous for these home renovation stocks.

Mortgage rates are skyrocketing to decade-highs and home sales are dwindling.

But as the late great real estate tycoon Louis Glickman once said, “The best investment on earth is earth.” Or in this case: home. And America seems to be taking that wisdom to heart.

Despite the barrage of macro headwinds facing consumers, home renovation mentions are on the rise again – gaining 12% year-over-year:

And recent LikeFolio data now shows Lowe’s Consumer Happiness reversing course in a dramatic way – increasing by as much as three points year-over-year.

That gives Lowe’s a decided advantage over Home Depot in a key long-term growth indicator.

But is it enough to crown a new home renovation market leader for 2024?

I sat down to answer that question for you today in a special video update.

Tune in now:

Bottom line: Lowe’s is the new consumer favorite in a home renovation market showing new signs of life. The data doesn’t lie – and amid the uncertainty, Lowe’s offers a glimmer of hope for both homeowners and investors alike. We’ll be watching the data on Lowe’s. And if its Social Heat Score veers into “buy” territory, our paid-up subscribers will be the first to know.

But you don’t have to wait for the home renovation market to stage a comeback to make money in the here and now.

The artificial intelligence (AI) sector is firing on all cylinders, and we’ve got a $2 AI stock ready to rocket for you right here.

With a Social Heat Score of 82, our system registers this stock as a flashing buy. Just be careful you don’t get caught on the sidelines – because it’s climbing toward $3 as we speak.

Go here now for the details.

Until next time,

Andy Swan
Founder, LikeFolio

---

New from Derby City Insights This Week

Check out what else is happening in the Derby City Insights universe this week…

Interested in learning more about our paid membership options: LikeFolio Investor, MegaTrends, and/or Earnings Season Pass? We’d love to have you! Send us a message at [email protected] 📧 to get started.

---