Why Lowe’s Stock Gained 10% in July

The stock of Lowe's (NYSE: LOW) outperformed a booming market last month as shares gained 10% compared with a 5.5% increase in the S&P 500 in July, according to data provided by S&P Global Market Intelligence.

The boost added to a broader rally for owners of the home improvement retailer, with shares up 25% in 2020 versus a 22% increase for Home Depot (NYSE: HD) and a 2.2% rise in the wider market.

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Source Fool.com