Home / Uncategorized / There’s a better and cheaper way to trade Nike’s resurgence than buying the stock (NKE, FL)

There’s a better and cheaper way to trade Nike’s resurgence than buying the stock (NKE, FL)

Foot LockerReuters

Nike crushed earnings expectations on Thursday afternoon, sending the stock flying more than 10%.
Jefferies says there’s a cheaper way to play the brand’s resurgence though Foot Locker.
Follow Nike’s stock price in real-time here.

If you missed out on catching Nike’s 11% surge following its earnings beat on Thursday, Jefferies may have another option to play the brand’s resurgence.

“We see Foot Locker as a better (and cheaper) way to play Nike, and Under Armour a great way to play industry strength,” Randal Konik, an analyst at the firm, told clients in a note Friday. “We see Foot Locker as a prime beneficiary of Nike resurgence in North America, given that the brand represents ~70% of Foot Locker’s product mix.”See the rest of the story at Business Insider

NOW WATCH: Trump pitched peace to Kim Jong Un with this Hollywood-style video starring Kim as the leading man

See Also:

People are slamming Fox News for reporting that the Maryland newspaper just targeted in a shooting doesn’t have an ideological bentA look at the demanding schedule of Elon Musk, who works in 5-minute slots, skips breakfast, and largely avoids emailsAmazon is advertising massive profits up to $300,000 to anyone who wants to start a delivery company

SEE ALSO: Nike surges after beating on earnings and announcing $15 billion in buybacks


Read more: feedproxy.google.com

About scalptur

Check Also

Biden Taps Staffer Who Described Palestinian Suicide Bombing As ‘Last Resort Of A Desperate People’

An incoming senior Biden staffer who is also poised to be the first Palestinian-American staffer …

Leave a Reply

Your email address will not be published. Required fields are marked *