What Could Derail Lowe's Stock?

Investors holding Lowe's Companies (LOW) shares have lost about 18% over the past twelve months, while the S&P 500 returned about 18%. Management noted cautious customers during its fiscal Q2 2026 earnings call. Executives also described heightened competitive pressure in July, driven by promotions that Lowe’s chose not to match in full. So what was that pressure, and where did it come from.