has seen big gains in 2020, but it has a high bar to cross when it reports second-quarter earnings on Wednesday.
Lowe’s shares (ticker: LOW) are up nearly 33% year to date, compared with 30.5% for
(HD), and less than 5% for the
Yet with those big gains come big expectations, especially after Home Depot reported a pretty robust quarter on Tuesday.
That isn’t to say that Lowe’s isn’t up to the task. The company has been one of the winners during the pandemic, as people spend more time at home and those that haven’t been financially hurt are redirecting their spending toward home improvement and furnishings. It has also been slowly working to close the operational gap with Home Depot, a trend some are hoping is getting a