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FOOT LOCKER INC COM STK USD0.01FOOT LOCKER INC COM STK USD0.01FOOT LOCKER INC COM STK USD0.01

FOOT LOCKER INC COM STK USD0.01

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Stock Of The Day / 12.04.24 / FL12.04.2024 / NYSE:FL Fundamentals. Premarket down 19% after earnings report that failed to meet investor expectations. Technical analysis.   Daily chart: nearest potential support level is 19.55 formed by trend break from 10.27.23 and confirmed by false breakout on 11.10.23. Premarket: Gap Down on high volume. Note that the price reached the previously indicated daily level 19.55 and bounced. We mark intraday levels in the premarket: 20.00, 20.50, 21.00, 22.50. Trading session: the price holds the level 19.55 at the opening and goes up. We are considering a long trade. Trading scenario #1 (aggressive): breakout of the upper border of the trading range above 20.25 Entry: 20.26 exit from the trading range Stop: 19.69 below the nearest higher low We observe a reaction to the level 21.00. A false breakout happened, then a small pullback on decreasing volumes and a quick return behind the level and its clear holding for 5 minutes. We are considering a long trade. Trading scenario #2 : breakout with retest of the level 21.00 Entry: 21.25 exit from the trading range on increased volume Stop: 20.97 we hide it for the held level 21.00 Exit: A directed trend movement is observed in the direction of the trade. Close part of the position before the level 22.50, close the remaining part on 22.45 after an unsuccessful attempt to update higher high. The trade can also be closed in parts (for example, part of the position RR 1/3, another part RR 1/5, etc.) in accordance with your trading system. Risk Reward: 1/5
NYSE:FLLong
by AlexX31
FL to $30MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading system is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price at bottom channel Stochastic Momentum Index (SMI) at oversold level TTM Squeeze momentum is down Impulse MACD is down In at $26.67 Target $30
NYSE:FLLong
by chancethepug
Footlocker ( FL) has been resting from a fall and waiting LONG www.msn.com [/url ] FL is here on a 30 -minute chart. It fell badly after good earnings 3 weeks ago and has been resting in a narrow range for about half of that. A volatility squeeze released and some price action with corresponding increase in relative volume resulted. FL has about 50% upside to the price level before the last earnings. i am expecting a trade for 2-3 weeks realizing 50% profit. The news catalyst cited in the link above of an upside of 25% in an upgrade has put trader's eyes on this ticker. Mine are as well. It has reminded me to check on Nike.
NYSE:FLLong
by AwesomeAvani
2
Foot Locker Faces Investor Skepticism as Profit Outlook DipsFoot Locker ( NYSE:FL ) finds itself in the spotlight as shares plummet by approximately 29% following the retailer's announcement of a profit outlook below Wall Street expectations for 2024. The dramatic drop in share price reflects investor concerns over the company's planned investments aimed at bolstering demand, which are projected to weigh on profit margins in the near term. Despite a solid holiday quarter, Foot Locker's ( NYSE:FL ) decision to ramp up investments across its business has cast doubt on the timeline for achieving its long-term profit margin targets. Disappointingly, the retailer now anticipates reaching its margin goals two years later than previously expected, further dampening investor sentiment and dashing hopes of a swift recovery in profitability. Foot Locker's ( NYSE:FL ) "Lace Up" strategy, initiated in March last year, has yielded some positive results, notably in improving the digital business and driving full-price sales. However, the need to clear out excess inventory through markdowns has placed additional strain on profit margins, exacerbating the impact of planned investments on the bottom line. Chief Financial Officer Mike Baughn's announcement of another year of significant investment in 2024, coupled with the decision to forgo resuming dividends, underscores the company's commitment to long-term growth initiatives. However, the prospect of lower discounts and ongoing margin pressure in the first quarter poses challenges in managing consumer expectations and sustaining demand. Analysts, including Zachary Warring from CFRA Research, have expressed skepticism about Foot Locker's ability to deliver consistent top and bottom-line growth in the evolving retail landscape. Warring's downgrade of the stock's rating to "strong sell" highlights the prevailing concerns among investors regarding the company's strategic direction and execution capabilities. Despite these challenges, Foot Locker ( NYSE:FL ) remains optimistic about the resilience of sneaker demand, fueled by steady interest in popular brands like Nike, Adidas, and New Balance. Projections for full-year same-store sales growth above market estimates signal potential opportunities for the retailer to capitalize on consumer preferences and drive revenue growth amidst a challenging operating environment. As Foot Locker ( NYSE:FL ) navigates the complexities of the retail landscape and charts a course towards sustainable profitability, investor confidence hangs in the balance. The company's ability to effectively execute its growth strategy and adapt to changing consumer dynamics will be critical in shaping its future trajectory and regaining investor trust in the long run.
NYSE:FLShort
by DEXWireNews
Foot Locker Shares Jump More Than 15% After Earnings BeatKey Takeaway 1. Foot Locker beat third-quarter earnings and sales expectations. 2. The shoe and apparel retailer said it expects better same-stores sales this year than it previously did. 3. Foot Locker has been hit by customers dealing with inflation and Nike’s focus on direct sales. Shares of Foot Locker rose today in premarket trading after the company posted surprise earnings and sales beats and said it saw strong results over the Thanksgiving weekend. The sneaker and sportswear retailer narrowed its full-year forecast, reflecting slightly better sales trends. It said it now expects sales to drop by 8% to 8.5% for the year, compared with a previously issued forecast of an 8% to 9% decrease. It projects a same-store sales decline of 8.5% to 9%, compared with its previous guidance of a 9% to 10% drop. Yet Foot Locker lowered the high end of its adjusted earnings guidance, dropping the range to $1.30 to $1.40 per share, down from the previous $1.30 to $1.50 per share. Here’s how Foot Locker did in the three-month period that ended Oct. 28 compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv: i. Earnings per share: 30 cents adjusted vs. 21 cents expected ii. Revenue: $1.99 billion vs. $1.96 billion expected In the fiscal third quarter, Foot Locker reported net income of $28 million, or 30 cents per share, compared with $96 million, or $1.01 in the year-ago period. Total revenue fell about 8.6% from $2.18 billion in the year-ago period. Foot Locker’s same-store sales fell 8% year over year, which the company said reflected “ongoing consumer softness,” a change in its mix of vendors and a 3% negative impact as it closes some Champs stores. Even so, that was slightly better than the 9.7% drop that analysts expected, according to FactSet. Digital sales fell by 5.6% year over year, Chief Commercial Officer Frank Bracken said on the company’s earnings call. Yet excluding Eastbay, a digital brand that the company wound down last year, digital sales rose 0.4%. Like many retailers, Foot Locker has gotten hurt by shoppers cutting back on discretionary spending as inflation forces them to spend more on food, housing and everyday needs and as experiences, rather than goods, become a priority. Foot Locker has also faced company-specific troubles, such as having some stores in struggling malls and leaning heavily on merchandise from Nike, a brand that’s making a bigger push to sell directly through its own stores and website. Too much inventory has also been a problem for Foot Locker, particularly as shoppers watch their spending. At the end of the third quarter, the retailer’s inventory was 10.5% higher than at the end of the year-ago period. Foot Locker said about 6% of that was strategic, as the company stocked up on merchandise to sell during the holiday season. On Wednesday, Foot Locker said it will enter a new market, India, next year. It said it has struck a long-term licensing agreement with two operators in India, Metro Brands Ltd., one of India’s largest footwear and accessories specialty retailers, and Nykaa Fashion, an e-commerce retailer. Those two companies will have exclusive rights to own and operate Foot Locker stores and sell its merchandise online in India. As of Tuesday’s close, shares of Foot Locker had tumbled by about 37% this year. That compares with the approximately 19% gains of the S&P 500 during the same period. Foot Locker’s stock closed at $23.84 on Tuesday, bringing its market value to $2.25 billion. Technical Analysist
NYSE:FLLong
by DEXWireNews
FL "Foot Locker" coming in HOT ahead of earningsFootlocker has been on a 36% run in the last 3 months following it's second miss on earnings for the year on August 23rd. During this time the stock as formed a rising wedge which could breakout to the downside on any negative news. They've been dealing with Macroeconomic headwinds, as well as a drastic decrease in sales due to customers spending less and less on discretionary items. Yesterday Citi Group downgraded them to $18, yet they pushed higher today. All in all I believe "FL" has exhausted any bullish momentum that they could have possibly gained heading into earnings. That being said I believe we could see a fall to around $17 give or take.
NYSE:FLShort
by Gutta_CEO_
Foot Locker to stall at current swing high?Foot Locker - 30d expiry - We look to Sell at 46.97 (stop at 49.97) Trading has been mixed and volatile. 47 continues to hold back the bulls. 47.22 has been pivotal. Bespoke resistance is located at 47. Preferred trade is to sell into rallies. The medium term bias is neutral. Our profit targets will be 40.02 and 39.02 Resistance: 42.06 / 43.00 / 45.00 Support: 40.00 / 39.00 / 36.68 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:FLShort
by VantageMarkets
Footlocker to find support at previous resistance?Foot Locker - 30d expiry - We look to Buy at 40.22 (stop at 37.96) Daily signals are bullish. Previous resistance, now becomes support at 40. 50 4hour EMA is at 40.43. Preferred trade is to buy on dips. A later spike higher was met with further selling interest and prices settled lower to post a negative day. A lower correction is expected. Our profit targets will be 45.88 and 46.88 Resistance: 45.70 / 47.22 / 50.00 Support: 43.62 / 42.40 / 40.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:FLLong
by VantageMarkets
$FL: Everything lining up for a big move up$FL has a nice setup in basically every timeframe here, which suggests it could make a major move to the upside from here after next week. If it were to fall below $37 this setup would be invalidated for the most part, so watch out for that. Pays a 4% dividend, has an 11% earnings yield, and 0.42 price to sales ratio, with very low debt and actually producing EPS growth this year, it doesn't get much cheaper than this for a stock with potential upside. Definitely worth a shot here. Best of luck! Cheers, Ivan Labrie.
NYSE:FLLong
by IvanLabrie
Footlocker (FL) - Multiple tops - ShortOn this chart (1d timeframe), we can see multiple tops have appeared. Multiple tops is a bearish pattern so it's likely the price will drop. Also, there is a gap to be filled. Once the price has gone beneath the support line the trade can be entered. The price will find support in the support area, this would be the area where the profits can be taken. When it reaches the support area we expect a small bounce before it continues going down. See further details on the chart. Goodluck
NYSE:FLShort
by vf_investment
4
FL Hedged Options StrategyEveryone knows Foot Locker. While athletic footwear sales were down during the pandemic, they're back with a vengeance as work-from-home and the athleisure aesthetic have only grown in popularity (estimated to be a $77 billion business by 2025.) To consumers, sneakers hit many of these elements: practical necessity, recreation and exercise, personal style, luxury fashion, status symbol, political statement. "Sneakerheads" will wait hours in line for new shoe releases and Foot Locker is positioned as the top destination for launch parties. It also partners with official sports teams to sell licensed merchandise, and recently acquired Tokyo-based specialty footwear store Atmos as well as Warehouse Shoes (WSS). New CEO Mary Dillon has also promised to help the company grow its e-commerce division, something she did for Ulta quite successfully. Technically, it looks like a rising wedge is forming... but how can investors be certain share prices will fall with so much talk of a Santa Claus rally into the holiday season and stocks rising from the Fed's confirmation of a gentler rate hike this week? Here's an example of a hedged options strategy that can make up to 17% -- capped at slightly above the top of the rising wedge. In exchange, it allows FL room to fall up to 38% before losing any of the investment. Buy 1 $35 call Sell 1 $42.5 call Sell 2 $22.5 puts Exp 1/19/24 Capital requirement: $4473
NYSE:FLLong
by oliveinvest