|Day Low/High||40.27 / 40.82|
|52 Wk Low/High||33.12 / 68.00|
Nike is pacing Foot Locker's run ahead of its retail peers.
Good quarter. Beat expectations for both EPS and revenue. Crushed expectations for same store sales.
Unlike a number of other retailers, the shoe and apparel merchant is seeing its shares sprint higher on better-than-expected results and a solid outlook.
The athletic apparel retailer's earnings beat is giving its shares a jolt, but it must show sustained and aggressive buying if it is going to continue to rally.
I do not feel that anything resembling a bottom has been put in, nor do I see overt signs of public capitulation.
Everyone gets knocked down. What is different about you is that you are as tough as these markets.
The risk on the chart is that Foot Locker closes below $46 as this is likely to precipitate further declines.
It's incredible how much thirst there is for some warmed over but seemingly fresh ideas.
Leading experts say it's time for investors to lace up, not take a knee with these picks in specialty footwear marketing and retailing.
These names are showing bearish technicals and received recent quant downgrades.
Maybe the reason why analysts have been chary about retail is because they've never seen anything like what's happening right now.
The retailer is looking to grab more online customers.
Asian population centers might help hedge against lagging western traffic
Foot Locker's shares are down sharply today despite earnings and revenue that beat estimates.
Both the Department of Justice and Securities Exchange are investigating the company's overseas practices.
The retailer will look to major manufactures as it tries to get its footing in the second half.
Does the company have another recovery in it?
FL may decline Friday, but the stock's longer-term pattern suggests higher prices in the weeks ahead.
This is not a stock to chase higher at this point.
This under-the-radar name reports next week; here is how I am playing it.
Foot Locker is scheduled to report on Friday, August 24.
Dick's Sporting Goods and Foot Locker are among the specialty retailers that bounced back after a butt-whooping last summer.
Apple's one trillion valuation is just a stepping stone to even more greatness. 'Morning Jolt' quickly looks at why.
Two things are warning that this market may run out of steam in the next few trading sessions.
Nike smashed Wall Street profit estimates. Here is the trade you need to make. Meanwhile, stocks continue to try to stage a rebound.
You should be thinking positively these days if your stock has had a run or even if it hasn't as a preponderance of good things is liable to happen.
The groups that are winners will stay winners as long as interest rates maintain their downward trajectory.