Volume Spike Investor

We are seeing a lot of buying interest in Lowe’s Comanies inc. (NYSE: LOW) that is strong enough to spill over into shares of larger rival Home Depot (NYSE: HD).  The buying interest is after lowe’s managed to beat estimates and keep tepid guidance in line with estimates.  The hopes that Tropical Storm Fay turning into a hurricane and running right up Florida probably adds that much more help to a pressured sector.

At 9:11 AM we have seen LOW trade almost 200,000 shares and prices are up over 4% at $25.55. HD shares are also up about 1.7% at $28.00 on over 50,000 shares.

Jon C. Ogg

August 18, 2008