Diamonds and Dogs

8/20/24

Tech is quiet, but cybersecurity company Palo Alto Networks (PANW) looks good u p8% on strong earnings, a rosy outlook and a $500 million stock buyback. The buyback is a lot less than 1% of their outstanding shares.

Lowes (LOW) sees a softening economy. The home improvement retailer lowered its annual profit outlook, noting an expected slowdown in consumer spending from the DIY customers. A good sign for the Fed to cut rates to help home buyers afford and pay on their house.

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