Diamonds and Dogs
Lowes (LOW) higher on strong earnings. The retailer is up 10% beating estimates and raised sales guidance. The report was a relief for Lowe's investors, given that Home Depot's results showed a faster-than-anticipated slowdown in comparable sales.
Big-box retailer Target (TGT) is down modestly following strong earnings as sales rose 8%. Target is seeing a slowing in-store and online growth but offered a solid outlook similar to rival Walmart. Target also announced a new, $15 billion stock buyback program.
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