Lowe's (LOW) Stock Sees New Lows After Earnings

Lowe's (LOW) earnings came in mixed as 4Q comp sales fell 1.5%. Alex Coffey and Jenny Horne discuss LOW as the company showed good growth overall. They compare LOW to Home Depot (HD). They note that LOW's 4Q home improvement business decreased 0.7% and it sees its FY23 capex up to $2B and FY23 operating margin between 13.6%-13.8%. Alex then demonstrates an example trade using LOW. The trade type is a skewed put butterfly and the direction is neutral to slightly bearish. Tune in to find out more about the stock market today.