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2023-06-29 16:32:57 ET Nike ( NYSE: NKE ) tracked slightly higher in postmarket trading after a mixed FQ4 earnings report was issued by the Oregon-based company. A slight margin beat and strong sales tally out of China helped offset a $0.02 miss on the EPS line. Revenue incr...
2023-06-28 10:46:20 ET Foot Locker (NYSE: FL) is working on a turnaround plan to improve its business. Called "Lace Up," it has reasonable goals, including an expanded and better relationship with customers, better financial performance, and improved integration between physical and...
2023-06-27 15:00:03 ET Summary Nike, Inc. has been facing quite a few challenges over the latest quarter, as data shows a significant weakening in the apparel industry, most likely resulting in higher inventory levels. A post-covid recovery in China has so far not been evident, as...
2023-06-26 14:22:07 ET Summary adidas's stock is currently in a bottoming process, but it could take several years to fully recover its old highs. A strong historical brand and operational improvements increase the odds of an eventual recovery, but it will likely be very volatile....
2023-06-25 11:35:44 ET Some consumer sector stocks face potential headwinds in the back half of the year with the resumption of student loan repayments and a likely trend of food disinflation. The debt ceiling agreement struck in May ensures student loan payments will resume in Septembe...
2023-06-22 05:47:00 ET Even good long-term plans can come under pressure because of short-term headwinds. But investors appear to be in a "show me" mood with regard to Foot Locker (NYSE: FL) . That's a problem for the sneaker retailer, given that its big turnaround effort is off to ...
2023-06-21 05:40:19 ET Summary Foot Locker's fair value estimate has been revised downwards to a range of $18 to $23 per share due to continuing macroeconomic headwinds. These estimates however do not consider the positive impacts of the share buyback programs and potential growth...
2023-06-20 01:04:41 ET Summary Foot Locker faces challenges from online retailers and suppliers like Nike building their own online shops, potentially impacting the company's long-term business model. The company is experiencing inventory issues and is working to increase its e-co...
2023-06-19 05:10:24 ET Summary Twenty-one retailers, each with over $5 billion in annual revenues, reported earnings in May for the quarter ended April 2023. They beat estimates by a strong 15.4% on average, yet stock analysts immediately dropped current quarter earnings estimates...
2023-06-16 17:11:20 ET Summary The Commerce Department's monthly retail report for May showed that consumers increased their spending by a seasonally adjusted 0.3%. This beat expectations of a 0.1% decline. The spending was broad-based across categories and came at the same time o...
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2024-07-18 22:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
S&P 500 futures climbed Friday as traders await closely followed inflation data. They are also counting down to the end of what has been a strong first half of the year. Futures for the Dow Jones Industrials advanced 18 points, or 0.1%, to 39,566. Futures for the much-broader index to...
FOOT LOCKER REIMAGINES SNEAKER SHOPPING EXPERIENCE WITH FLX REWARDS PROGRAM RELAUNCH PR Newswire New loyalty program transforms customer experience with enhanced convenience and exclusive benefits; newly redesigned mobile app to follow NEW YORK , June 25, 2024 /P...