Tim Seymour Is Bullish On Lowe's


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Speaking on CNBC's Fast Money, Tim Seymour recommended a long position in Lowe's Companies, Inc. (NYSE: LOW).

He thinks that the stock has an attractive valuation after it traded lower on weak earnings results. It was expensive and now it looks like a bargain, believes Seymour.

He also thinks that the housing trends, household formation, GDP and fixed private investments are improving and he sees that as another bullish sign for the name.

Seymour added that technicals are also bullish for the stock. He presented a chart which shows that Lowe's Companies bounced off its support of $64 at a very high volume.


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: CNBCMediaTrading IdeasFast MoneyTim Seymour