- Motley Fool
1 Stock Down 48%: Is It a Forever Stock to Buy on the Dip?
Shares of this industry leader have crushed the S&P 500 in the past couple of decades.
- Benzinga
Foot Locker Shows It's Headed In The Right Direction With Its Turnaround Plan
On Thursday, Foot Locker (NYSE: FL) showed its turnaround plan is working as it posted better-than-expected comparable sales, with shares surging 15% upon the release of its May quarter report. Although the footwear retailer is still in the black, its financials are declining at a slower rate. Fiscal First Quarter Highlights For the quarter ended on May 4th, revenue contracted about 3% YoY to $1.88 billion, in line with LSEG’s estimate. Net income plunged 78% to $8 million, or 9 cents per share.
- Barrons.com
Nike Stock Is at a Crucial Moment. A Comeback Hangs in the Balance.
In theory, Nike should be killing it, as demand for athletic sneakers has been strong. But the apparel maker’s stock is down by a double-digit percentage year to date.
