Lowe’s rebounded in the second quarter after dismal weather cut into projects at home — and into company profits — to start the year. Investors also shrugged off a more guarded outlook as the home-improvement retailer shifts direction under new CEO Marvin Ellison. After a premarket selloff, Lowe’s shares jumped nearly 8 percent Wednesday and touched a new high, underscoring the market’s faith in Ellison. …read more
Source:: Yahoo Finance
