It was a bad week for home-improvement stocks-but 2025 could be a good year, Jacob Sonenshine writes in this week’s edition of Barron’s. The SPDR S&P Homebuilders exchange-traded fund, which has Home Depot (HD), Williams-Sonoma (WSM), and Johnson Controls International (JCI) as top holdings, dropped more than 3% this past week after the Federal Reserve lowered interest rates but said it expected fewer cuts in 2025. The selloff seems overdone, the author says, adding that home-improvement demand looks like it’s improving. Lowe’s (LOW) looks particularly interesting, the publication adds.
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Read More on LOW:
- Williams-Sonoma price target raised to $226 from $194 at Jefferies
- Wall Street Analysts Are Ecstatic about Lowe’s (NYSE:LOW) Bold 2025 Strategy
- Nasdaq’s (NDAQ) Diversity Rules Get Struck Down by Court
- Lowe’s price target lowered to $307 from $310 at Truist
- Lowe’s price target raised to $292 from $291 at RBC Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
