On June 26, 2018, AroniSmart™ team, leveraging the Machine Learning Time Series capabilities of AroniSmartLytics™ (AroniSmartIntelligence™), looked at the trends Home Depot Inc. (NYSE: HD) and Lowe's Companies Inc. (NYSE: LOW) and came up with projections on the dynamics between the two stocks. Based on the analysis, AroniSmart™ team predicted that Lowe's would be gaining momentum in the near future.
In fact, by January 2018, Lowe’s gained 24% over 2017 and reached $107. From late January to May 22, 2018, Lowe's lost most of these gains. However, the insights from AroniSmartLytics machine learning and sentiment analysis pointed to a bounce back. Today, Lowe's has regained all the lost ground post CEO Marvin Ellison's nomination.Add a comment