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Stock Market & Financial Investment News

News Breaks
March 4, 2010
10:47 EDTFLFoot Locker shares mentioned cautiously at Morgan Stanley
News For FL From The Last 14 Days
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August 24, 2015
08:03 EDTFLFoot Locker price target raised to $83 from $72 at Baird
Baird raised its price target on Foot Locker to $83 from $72 and said the tough tape provides a good buying opportunity. The firm believes the company's raised guidance could be conservative, citing its recent comps momentum and reasonable valuation. Baird reiterated its Outperform rating on Foot Locker shares.
07:46 EDTFLFoot Locker under-earning businesses key to margins, says UBS
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August 21, 2015
14:57 EDTFLFoot Locker buy aggressively on market weakness, says Jefferies
Jefferies recommends buying Foot Locker aggressively on the market selloff. The firm expects upward revisions to earnings estimates and said strong cash flow power, disciplined capital allocation , and ongoing shareholder returns will support shares. Jefferies raised its price target on Foot Locker shares to $82 from $72 and reiterates its Buy rating.
09:41 EDTFLFoot Locker says core business 'strong'
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09:18 EDTFLFoot Locker says double digit EPS gains in Q3, Q4 'achievable'
Says forex negatively impacted margin by 20bps in Q2. Says overall traffic up "slightly" in Q2, international traffic was better than U.S. traffic. Says continuing to plan business "cautiously" for 2H. Says mid single digit comps remains "our mantra." Says with late start of back to school this year, believes there is a "good chance" for sales to be at strong end of mid single digits, both this quarter and in 2H. Says SSS month to date up mid single digits. Says double digit EPS gains in Q3, Q4 are "achievable" based on current sales trends. Comments made on the Q2 earnings conference call.
07:02 EDTFLFoot Locker opened 21 new stores in Q2
During the second quarter, the company opened 21 new stores, remodeled or relocated 65 stores, and closed 21 stores. As of August 1, 2015, the Company operated 3,419 stores in 23 countries in North America, Europe, Australia, and New Zealand. In addition, 48 franchised Foot Locker stores were operating in the Middle East and South Korea, as well as 27 franchised Runners Point and Sidestep stores in Germany and Switzerland.
07:01 EDTFLFoot Locker reports Q2 gross margin rate of 32.6%
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07:01 EDTFLFoot Locker reports Q2 comparable store sales up 9.6%
07:00 EDTFLFoot Locker reports Q2 EPS 84c, consensus 69c
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August 20, 2015
15:11 EDTFLFoot Locker technical notes before earnings
The stock is in a classically bullish uptrend, testing down to support ahead of earnings. If the news continues to be bullish, the first resistance level of note on the way up is the life high at $74.95. If that level is broken on the upside, a run to the $80 area or higher would be possible. Shares would however be extended on a short-term basis technically were that to happen. If the news is a bearish surprise, the first support level to watch would be at the bottom of the price channel at $71.06, the 30-day moving average. A breakdown below that support would snap the uptrend. Next support levels to watch as potential upside objectives would be at $68.50, $65.80, and $63.66.
14:42 EDTFLNotable companies reporting before tomorrow's open
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07:43 EDTFLFoot Locker August volatility elevated into Q2 and outlook
Foot Locker August call option implied volatility is at 73, September is at 28; compared to its 52-week range of 17 to 37 suggesting large price movement into the expected release of Q2 results on Aug 21.
August 19, 2015
07:38 EDTFLFoot Locker management to meet with Buckingham
Meeting to be held in New York on August 25 hosted by Buckingham.
August 17, 2015
07:30 EDTFLFoot Locker a name you want to own, says Susquehanna
Susquehanna previewed Q2 results for Foot Locker and expects another strong quarter with additional opportunity throughout the year. The firm called it a "name to own" and sees upside potential on several fronts. Susquehanna likes the story given earnings upside and a solid return framework. Susquehanna reiterated its Positive rating and $78 price target on Foot Locker shares.

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