Foot Locker Inc (FL) is today’s FOMO stock. Alex Coffey and Jenny Horne discuss the company’s Q4 earnings and shares of Foot Locker Inc (FL) hitting new 52-week lows. Jenny talks about Nike (NKE) leaving Foot Locker (FL) as the biggest contributing factor to the negative earnings report. Alex and Jenny discuss Nike (NKE), Foot Locker’s biggest supplier, is ramping up its focus on its direct-to-consumer business. They also talk about the decrease in foot traffic at malls as another contributing factor in the retailer’s revenue decline. Finally, Alex and Jenny discuss an example trade using Foot Locker Inc (FL).
01 Mar 2022