Lowe’s, Madison Square Garden Sports, Nike, Salesforce and Microsoft highlighted as Zacks Bull and Bear of the Day

For Immediate Release

Chicago, IL – October 9, 2020 – Zacks Equity Research Shares of Lowe’s Companies, Inc. LOW as the Bull of the Day, Madison Square Garden Sports Corp. MSGS asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on NIKE, Inc. NKE, salesforce.com, inc. CRM and Microsoft Corporation MSFT.

Here is a synopsis of all five stocks:

Bull of the Day:

As the Covid-19 pandemic stretches past its 200th day and Americans remain mostly in their homes as much as possible, there have been many winners and losers in the business world. The losers have been businesses that rely on in-person interactions for a significant portion of their revenues. Travel, leisure and entertainment have all suffered mightily.

Technology and technology services like video conferencing and file sharing companies that allow people to work at home more efficiently have been the obvious winners.

There have also been winners in lower-tech industries that suddenly find their goods and services in increased demand – and customers who’s lack of recent spending on recreational pursuits has left them with additional cash in their budgets.

Have you been to a home improvement store lately? With the exception of physical formats that have been tweaked to promote social distancing, you’ll probably find that it looks pretty much like business as usual.

For a huge retailer like Lowe’s Companies, a quick look at recent financials confirms that not only is it “business as usual,” in may respects, it’s better than usual. Suddenly consumers who have been confined to their homes have been embarking on a wide variety of home improvement projects.

The more time you spend in your home, the more likely you are to take on those nagging minor repairs that have been on your “to-do” list forever, as well as tackling bigger projects like painting and landscaping. Contractors have their schedules filled months into the future – and they shop at home improvement stores too – for plumbing, electrical, carpentry and concrete supplies.

With limited options for dining out, grills and other outdoor cooking equipment have been flying out of stores, along with larger appliances like refrigerators, stoves, washers and dryers. Though unemployment remains stubbornly above recent averages, most Americans do remain employed. With almost no money spent on things like airline tickets and restaurant meals, many are finding that they have extra cash to spend on improving their environments.

Low interest rates have kept the housing markets extraordinarily healthy, and increased spending on home improvement projects tends to accompany residential real estate transactions.

The Share Price

One possible knock on Lowe’s right now is that the shares have already seen remarkable appreciation this year. During the market panic in March, those shares traded as low as $60 – an incredible bargain!

Even at recent levels near $170/share however, Lowe’s remains quite reasonably valued at 20X forward 12-month earnings estimates. For comparison purposes, competitor Home Depot trades at 25X forward earnings.

13 recent upward earnings estimate revisions earn Lowe’s

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Nike SNKRS Apps Fails Customers During Dunk Low ‘Community Garden’ Release

Nike SNKRS app users were left furious after learning the brand’s Dunk Low “Community Garden” sneakers were sold out almost immediately following their Thursday morning release. 

The sneakers, which retail for $100, are described as one of a kind. “This style applies that aesthetic to a legendary silhouette by blending collage-style graphics with muted earth tones like lemon wash and midnight turquoise. The design’s patchwork graphics are applied in an unfixed pattern, meaning each pair stands alone as a one-of-one creation,” the sneaker description reads.

However, it appears customers will only be able to get their hands on the unique kicks if they are willing to pay inflated resell prices. Shortly after the Nike Dunk Low “Community Garden” release, customers flocked to Twitter to voice their frustration.

Many users called out what they believe to be a flaw in the app that allows bots to buy large quantities of newly released items, which makes it difficult for loyal customers to complete their purchases.

“@nikestore snkrs app is getting worse. Kept getting error every time I try to buy shoes that I want. Before it would at least say if I’m in line. Bots friendly app,” one shopper wrote.

Another person added, “People still complaining about SNKRS, bro it’s 2020 if you don’t have a bot you not copping it’s simple math.”

Meanwhile, one customer managed to find a silver lining in his sneaker fail. “Another #SNKRS release, another L. Saving my money one L at a time,” the individual tweeted.

While SNKRS app customers may have missed the chance to snag a pair of the Nike Dunk Low “Community Garden” sneakers, they will get another opportunity to buy a hot ticket item. On Nov. 27,  the highly anticipated Air Jordan 4 OG Fire Red 2020 sneakers will be available for purchase at select retailers and Nike.com.

Running shoe experts believe that although Nike's rivals are releasing new shoes with similar technology to the record-breaking footwear, the US giant will maintain its dominance in the market Running shoe experts believe that although Nike’s rivals are releasing new shoes with similar technology to the record-breaking footwear, the US giant will maintain its dominance in the market Photo: GETTY IMAGES NORTH AMERICA / Drew Angerer

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