Lowe’s (LOW) proved, with its earnings this week, that it can hang in there during a rough stretch for the economy-and keep growing on the other side, Jacob Sonenshine writes in this week’s edition of Barron’s. That makes the stock worth owning, even after the 9% rally it has had since Barron’s recommended it on Jan. 25. Lowe’s continues to grow its “pro” sales, which rose this past quarter. Pros, or home-improvement contractors, is an area where Lowe’s has been trying to make inroads. Historically dominated by Home Depot (HD), those sales tend to be steadier than for the do-it-yourself, or DIY, customer, which dropped more than 9% this past quarter, the author adds.
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