Retail Earnings Drive Divergence As Target Slips, Lowe's And TJX Rise
1. Lowe's shares indicated up 3% after strong earnings and guidance. 2. Company announced an $8.8B acquisition of Foundation Building Materials. 3. Home Depot's earnings support Lowe's strength amidst overall retail volatility. 4. Investors cautiously awaiting Fed Chair Powell's upcoming economic speech. 5. Market volatility low; S&P 500 profits better than expected.