Lowe's is a small drop in the violation of longstanding support



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The Home Depot and Lowe Home Depot are being beaten.

The move to the low end of the chain "is also interesting because we are witnessing an acceleration of real estate," said Gordon. Referring to the ETF Real Estate Investment Trust, he added, "The rates of return are going down here, there's a rotation in the house, and Lowe does not see any benefit in that."

The REIT sector is the only positive group in the S & P 500 Index over the last three months. The XLRE REIT ETF added 5% this month, better than Home Depot's 2% advance and an unchanged start for Lowe.

Strategic Wealth Partners chairman Mark Tepper said the consumer's state and rising home prices are expected to generate gains for Home Depot and Lowe's in the coming months.

"When house prices rise, it's good for home improvement actions because it gives the consumer the insurance he needs that he can put money into his homes. and get something back, "said Thursday Tepper," Trading Nation ".

Of the two actions, Tepper has more confidence in a Lowe escape.

"Lowe's is no longer a flipping story, so I think it has more potential.They have a new CEO in place who is reorganizing the management team, and they are really focusing now on improving the performance and streamlining of the business, "he said. referring to Marvin Ellison, who became Chief of Lowe in July.

Lowe's performed slightly better than Home Depot in recent months. While Home Depot has dropped 13% since mid-July, Lowe's lost 8%.

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