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cryptorichhh
Aug 8, 2019 12:25 AM

FOOTLOCKER LONG INTO EARNINGS Long

Foot Locker, Inc.NYSE

Description

We have here a retailer with a P/E AND P/S that puts the rest of the market to shame. We HAVE to ask ourselves when do the value investors step in? I believe that question will be answered on AUG.23rd on the back of this companies earnings. They lowered expectations and with 60% of their sales coming from Nike and with Nike beating earnings this is a good bet. I see a 17% upside on the back of good earnings. Stop loss at 36, Take profit at 47. Good luck.
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