Home improvement giant Lowes (NYSE:LOW) has seen its stock price take a hit alongside the broader market. It now trades below its GF Value for the first time in quite a while, and its status as a dividend aristocrat adds incredible value to its long-term attractiveness.
Investors are scampering towards risk-off assets at this time. Crippling inflation and the resultant hikes in interest rates have the equities market in a dump. Therefore, investors should ideally be gravitating towards income stocks such as Lowes which are undervalued compared to long-term potential.
Lowe’s has raised its