On Tuesday, February 27th, 2018, James Boothe pitched Lowe’s Companies, Inc. (LOW) to be added into the SMIF portfolio. Lowe’s is the world’s second largest home improvement warehouse retailer that provides a full-line of products and services to their retail and professional customers. In his investment thesis, James highlighted Lowe’s recent large expansion into the Canadian market and improvements to their distribution centers, on top of positive changes in relevant economic indicators. James demonstrated how Lowe’s would be a great long-term investment for the portfolio as increases in the economy and real disposable personal income would result in greater amounts of spending on home improvements. James proposed to purchase 100 shares of LOW through the sale of 95 shares of XLY, the consumer discretionary ETF. The motion passed unanimously.