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Lowe’s Q2 Earnings Surge on Solid Sales Amid COVID-19 Restrictions; Buy with Target Price $190

Lowe’s Companies Inc, a home improvement retailer that distributes building materials and supplies through stores in the United States, said its net earnings surged more than 70% and total net sales jumped over 30% in the second quarter as consumers ordered more home improvement products amid COVID-19 restrictions.

The home improvement retailer reported net earnings of $2.8 billion and diluted earnings per share (EPS) of $3.74 for the quarter ended July 31, 2020, compared to net earnings of $1.7 billion and diluted EPS of $2.14 a year earlier. Second-quarter adjusted diluted EPS of $3.75 was 74% higher than adjusted diluted EPS of $2.15 same period last year.

Lowe’s said its sales for the second quarter were $27.3 billion, up from $21.0 billion in the second quarter of 2019, and comparable sales increased 34.2%.  Comparable sales for the U.S. home improvement business increased 35.1% during the period.

“We are

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These 2 home improvement stocks are up 30% this year. They’re still a buy

during quarantine and tackling those home-improvement projects. And investors seem equally eager to build a foundation for big gains on the resurgence of DIY.” data-reactid=”19″By the look of it, Americans have been rolling up their sleeves during quarantine and tackling those home-improvement projects. And investors seem equally eager to build a foundation for big gains on the resurgence of DIY.

Home Depot and Lowe’s have seen a huge boost to sales—and their stocks—in the past several months.” data-reactid=”20″With people spending a lot more time indoors, it’s no surprise home-improvement retailers Home Depot and Lowe’s have seen a huge boost to sales—and their stocks—in the past several months.

impressive second-quarter earnings, with profits soaring 24.5% year over year to $4.3 billion, while sales came in at $38.1 billion. And Bank of America analysts believe it “will not be the last of [Home Depot]’s strong run,” they

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HGTV’s ‘Property Brothers’ Buy $9.5 Million Brentwood Estate

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Canadian HGTV stars Jonathan and Drew Scott have been investing in real estate for well over two decades, beginning with a modest $200,000 cottage they bought directly out of high school. Property records now reveal the 42-year-old identical twins, whose elephantine “Property Brothers” home-improvement empire encompasses several TV shows, web series, and original music, have acquired their biggest project to date: a $9.5 million estate in the Westside L.A. neighborhood of Brentwood.

Although it’s worlds apart from what anyone would consider cheap, the new Scott estate was not-so-subtly marketed as a very A-list fixer-upper or teardown; the “trophy property” features an elegant 1930s mansion that “could be renovated or replaced,” per the listing.

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Specifically, the property is comprised of two side-by-side lots in Brentwood’s exclusive Mandeville Canyon that combined, total approximately one acre of flat land. The

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