Is Lowes a blue chip stock?
In the investment world, Lowe's is generally regarded as a blue-chip stock. Think of this as the VIP section of the stock market; companies make the cut because of their financial fortitude, long-standing history, and ability to weather economic storms.
Is Lowe's Companies stock a Buy, Sell or Hold? Lowe's Companies stock has received a consensus rating of buy. The average rating score is and is based on 61 buy ratings, 37 hold ratings, and 2 sell ratings.
- The Best Blue Chip Stocks of April 2024.
- Apple Inc (AAPL)
- JP Morgan Chase & Co (JPM)
- Walmart Inc (WMT)
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- AbbVie Inc (ABBV)
- Coca-Cola Co (KO)
As with most blue-chip stocks, Home Depot trades at relatively safe multiples. The stock is trading at about 2.5x sales and 24x forward earnings.
A blue chip stock is a company that typically has a large market cap, a sterling reputation, excellent financials, and many years of success in the business world. A blue-chip index seeks to track the performance of financially stable, well-established companies that provide investors with consistent returns.
The Winner: Home Depot
While Home Depot stock is ever-so-slightly more expensive than Lowe's stock on a price-to-earnings basis, its stronger financial position and higher dividend yield make it the better choice to invest in right now.
Lowe's on Tuesday beat Wall Street's quarterly earnings and revenue estimates, even as the company continued to see customers tackle fewer home projects. The home improvement chain was going up against lower expectations for its fourth quarter.
| Stock | 2024 return through March 31 |
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| Janux Therapeutics Inc. (JANX) | 250.9% |
| Trump Media & Technology Group Corp. (DJT) | 254.1% |
| Super Micro Computer Inc. (SMCI) | 255.3% |
| Viking Therapeutics Inc. (VKTX) | 340.6% |
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Is Walmart a blue chip stock?
What do IBM, Walmart, JPMorgan Chase, and DuPont have in common? Although they are in different sectors, they are all known as blue chip companies. Blue chip companies are the mature firms that represent the stalwarts of an industry.
| Stock | Expected Change in Stock Price* |
|---|---|
| Tesla Inc. (TSLA) | 61% |
| Mastercard Inc. (MA) | 14.2% |
| Salesforce Inc. (CRM) | 7.2% |
| Advanced Micro Devices Inc. (AMD) | 11.3% |
Amazon joins 29 other 'blue chip' companies in the Dow Jones Industrial Average. Amazon.com Inc. is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: The Dow Jones Industrial Average.
| S.No. | Company | Industry/Sector |
|---|---|---|
| 1. | Tata Consultancy Services Ltd | IT - Software |
| 2. | Infosys Ltd | IT - Software |
| 3. | Hindustan Unilever Ltd | FMCG |
| 4. | Reliance Industries Ltd | Refineries |
For this purpose, we created a list of stocks that could make you rich in 2024, and some of them include Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOGL), and Advanced Micro Devices, Inc. (NASDAQ:AMD). A financial analyst looking through a microscope at stocks to determine their market value.
Costco Wholesale
Prior to the pandemic, Costco (COST -0.11%) and Carnival (CCL 1.58%) were both considered resilient blue chip stocks for long-term investors.
What percentage of Lowe's Companies (LOW) stock is held by retail investors? According to the latest TipRanks data, approximately 59.01% of Lowe's Companies (LOW) stock is held by retail investors. Vanguard owns the most shares of Lowe's Companies (LOW).
Today, Lowe's stock trades at forward price-to-earnings ratio of 21.4, a recent high. Existing Lowe's investors can confidently maintain their positions in a stock that has consistently outperformed the market over the long term.
Lowe's often has better pricing on select products due to their larger buying power and they have a wider selection of higher end items available in their inventory than most home improvement stores.
The Vanguard Group, Inc. is currently the company's largest shareholder with 8.9% of shares outstanding.
Does Lowes have a lot of debt?
Lowe's long term debt for 2021 was $20.668B, a 23.26% increase from 2020.
Lowe's forecast comparable sales to be down 2% to 3% in fiscal 2024, while analysts were expecting a 1.13% drop. "We expect comp sales to improve (in the second half) ... To be clear, we are not forecasting an improvement in demand trends this year.
| Stock | Sector | Trailing 12-month dividend yield* |
|---|---|---|
| Stanley Black & Decker Inc. (SWK) | Industrials | 3.5% |
| Atmos Energy Corp. (ATO) | Utilities | 2.7% |
| T. Rowe Price Group Inc. (TROW) | Financials | 4.3% |
| Chevron Corp. (CVX) | Energy | 3.9% |
- Best safe stocks to buy.
- Berkshire Hathaway.
- The Walt Disney Company.
- Vanguard High-Dividend Yield ETF.
- Procter & Gamble.
- Vanguard Real Estate Index Fund.
- Starbucks.
- Apple.
| Symbol | Name | Price (Intraday) |
|---|---|---|
| TSLA | Tesla, Inc. | 150.85 |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 132.51 |
| AMD | Advanced Micro Devices, Inc. | 154.75 |
| NVDA | NVIDIA Corporation | 847.70 |
