Foot Locker, Inc. (FL)

48.51
NYSE
Prev Close 48.88
Day Low/High 48.27 / 48.88
52 Wk Low/High 35.86 / 66.71
Exchange NYSE
Shares Outstanding 103.81B
Market Cap 5.07B
P/E Ratio 14.95
Div & Yield N.A. (N.A)

My Takeaways and Observations

My month was made by Double D's comments, and I mean it.  At my core I am a softie, and D's sweet words tugged at my heart. I shared them with my family. Bottom line to me on the markets: This week's events reset global economic and profits growth l...

My Takeaways and Observations

My 3 a.m. project this morning: I am not banking on banks. Today's stock performance could be a tad disquieting to bank bulls, though not conclusive (it's only one day!). Citigroup (C) and Bank of America (BAC) were barely higher on the day. To me, ...

My Takeaways and Observations

Perhaps more than ever, the market has no memory from day. Stocks closed up by 35 handles and ended at the day's high. What were the odds of this occurring at yesterday's close? Enough said. I got lucky and got slightly net long and covered a lot of...

Peak Sneakers Redux on Nike Miss

Nike (NKE) beat by a penny on the bottom line but missed on the top line. The shares are down $3.50, or 6.6% after hours. Peak Sneakers. It should help my Foot Locker (FL) short tomorrow.

Jim Cramer Says Nike Stock Is Oversold, But He Prefers Foot Locker

Jim Cramer Says Nike Stock Is Oversold, But He Prefers Foot Locker

Nike's stock is oversold, but Jim Cramer says his favorite play in the footwear group right now is Foot Locker, which has come down a lot.

My Takeaways and Observations

I started the day with a two-part opening missive that took a while to write this morning, "The Big Chill." It's here and here. Friday and Monday represented the worst two-day drop in the senior averages since last August. I guess it's clear, with t...

Brexit Shouldn't Rumple U.S. Apparel Makers, Analysts Say

Brexit Shouldn't Rumple U.S. Apparel Makers, Analysts Say

The impact 'doesn't appear material' for Nike and other companies.

My Takeaways and Observations

"Takeaways" will be shorter than usual as I am trading actively in the after-hours market now. Some interesting charts. Brexit.  Brexit and the media.  Peak Housing?  Fertilizers bounce.  Markets closed on their highs. The U.S. dollar weakened. Oil ...

My Takeaways and Observations

I posted the Paddy Power odds over the last two weeks because I think they are more legit than the polls. It turned out right and fortunately it contributed to my covering a large amount of shorts late last week.   My Trade of the Week, short SPDR S...

Nike Looks Flat-Footed to Me

Piper Jaffray is reiterating it "Buy" recommendation on Nike (NKE) this morning, but I respectfully disagree. I see "Peak Sneakers" and "Peak Sports Viewership," so I remain short on sporting-goods chain Foot Locker (FL). Foot Locker is also on my "...

Jim Cramer Says in the Footwear Group, Foot Locker Is a Buy

Jim Cramer Says in the Footwear Group, Foot Locker Is a Buy

Jim Cramer thinks Foot Locker is buy, saying the stock has come down a lot. Cramer said right now he'd rather buy Foot Locker over Nike.

Today's Takeaways and Observations

I started the day with Apple (AAPL) as JPMorgan reduced the share price target from $125 to $105.    Then a sports metaphor and an interesting two-part opening missive on the markets -- here and here.  I got lucky and covered a bunch into the mornin...

Peak Department Stores and Peak Sneakers!

"Peak Department Stores" and "Peak Sneakers" continue to hold true in the market, with weakness today (again) in Foot Locker (FL) and Nordstrom (JWN). Both were down about 1% at last check.

Sharapova Mess Shows That Nike Must Change

Shoe giant should reveal details of pro athletes' endorsement deals.

Bank on a Steph Curry Outside Short: Nike

Bank on a Steph Curry Outside Short: Nike

There just doesn't seem to be any upside.

My Morning Musings

Phil (played by Bill Murray): What would you do if you were stuck in one place and every day was exactly the same, and nothing that you did mattered? Ralph: That about sums it up for me. -- Groundhog Day Wednesday was a relatively uneventful trading...

Revisiting 'Peak Sneakers' and 'Peak Sports Viewership'

Nike (NKE) has picked up a few sell-side downgrades this morning, and I continue to believe we're at "Peak Sneakers" and "Peak Sports Viewership." As such, I remain short on Foot Locker (FL), which is on my "Best Short Ideas" list.

Curry, Jordan Team Up to Lead Foot Locker Higher

Curry, Jordan Team Up to Lead Foot Locker Higher

Weekend releases from Air Jordan and Under Armour could help turn around Foot Locker's forturnes, according to analysts. 

My Takeaways and Observations

Venezuela is the new Greece.  Icahn goes for some Allergan (AGN) -- a name of mine -- but his impact is muted after missteps in the energy space and elsewhere.   Nobody likes short people,  but I grow shorter daily. (Note: We got little hands and li...

My Takeaways and Observations

Peak Housing? No follow-through from the homebuilders today. Peak Bank Stocks?  Ali Blah Blah -- aka Alibaba (BABA) -- is a downside highlight today. See my post.  Small short adds and small long adds.  I remain manifestly bearish -- but, as I have ...

Nike Slips As It Loses Sole Status

The sneaker giant is like Apollo Creed in "Rocky" -- a cocky champ that may be underestimating the competition.

My Takeaways and Observations

The day started with the challenges in the sneaker field.  Bloomberg on Goldman Sachs and Morgan Stanley analysts' Tesla (TSLA) price target hikes -- I believe (and am quoted) that these moves go against the spirit of the law.    I remember CNBC's M...

'Peak Sneakers' and 'Peak Sports Viewership'

Jim "El Capitan" Cramer writes cogently this morning about the short-term battlefield that he sees at Foot Locker (FL), Nike (NKE) and Under Armour (UA). Last week, I suggested that the "Peak Sneakers" battle would be a lengthy one, so I shorted Foo...

Cramer: Don't Judge Nike, Foot Locker and Under Armour in Short Term

Cramer: Don't Judge Nike, Foot Locker and Under Armour in Short Term

There are too many variables and too many shareholders itching to run.

My Takeaways and Observations

I started the day with what I think is an important call on defensive consumer nondurables -- Sell, Mortimer! My Trade of the Week -- short Consumer Staples Select Sector SPDR ETF (XLP) -- is an outgrowth of my opening missive.  There are new presid...

Trending Tickers: FL, HIBB, GPS, DE

Trending Tickers: FL, HIBB, GPS, DE

Sports retailers and oil prices are in the spotlight Friday afternoon. 

The Good, the Bad and the Ugly From Sports Retail Earnings Releases

Sports retail earnings are showing the impact of changing customer purchase patterns, sector volatility and discounting.

Shorting Foot Locker Amid Signs of 'Peak Sneakers'

I see another peak to add to the long list of The Many Peaks I See ... "Peak Sneakers"! I've been spending several weeks researching shoe purchases and have concluded that the lure of high-priced sneakers might finally be fading. I see multiple sign...

Jim Cramer on Foot Locker: I’m Not Crazy About Mall Stores

Jim Cramer on Foot Locker: I’m Not Crazy About Mall Stores

Jim Cramer isn't too fond of stores, like Foot Locker, which are located in shopping malls.

Opening Bell: U.S. Stocks Rise on Oil Supply Outages; Foot Locker Shares Sink

Opening Bell: U.S. Stocks Rise on Oil Supply Outages; Foot Locker Shares Sink

U.S. stocks opened higher on Friday, as supply disruptions in Canada and Nigeria have kept oil prices stable.