The question, though, is how long can this continue?
The good news is that Lowe's is no longer suffering from self-inflicted wounds. It seems as though Michael Jones, who the company added earlier this year as chief merchandising officer, already deserves a raise.
For now, however, it is investors who have benefited from the company's hard work and solid improvements. These shares should end the year at $50. And until that mark is reached, I believe that this stock should be in your portfolio.
At the time of publication, the author held no position in any of the stocks mentioned.Follow @saintssense This article was written by an independent contributor, separate from TheStreet's regular news coverage.
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