Shares of Lowe’s Companies Inc. LOW dropped 1.9% toward a seven-week low in premarket trading Tuesday, as a disappointing earnings report from rival home improvement retailer Home Depot Inc. HD weighed on sentiment. Lowe’s is scheduled to report its own fiscal first-quarter results before the May 23 opening bell. Lowe’s stock was headed for a fifth-straight decline, which would be the longest losing streak since the five-day stretch that ended Feb. 9, 2023. The stock has declined 5.8% over the past three months through Monday, while Home Depot shares had dropped 10.2% and the S&P 500 SPX has gained 1.1%.
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