Lowes Stock Rises on Strong Quarterly Earnings and $8.8 Billion Home Pros Acquisition
Lowes stock climbed after the company shared strong quarterly earnings. They also announced an $8.8 billion deal to buy Foundation Building Materials. This news boosted investor confidence in the stock market. We see Lowes focus on growth in the pro segment. The acquisition adds over 370 locations across the US and Canada. It follows their…