Home improvement stocks have been pretty awful this year, which one can understand when considering interest rates have remained elevated, and therefore housing has been weak. There’s some merit to this, of course, as home improvement stocks tend to benefit from new home construction, and we know from the Great Recession that slower residential construction is bad news for home improvement stocks.
Lowe’s (NYSE:LOW) has always operated in the shadow of HomeDepot (HD), which has simply been the better stock over time, and remains so. Lowe’s is seeing a number of headwinds for