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Reuters<\/p>\n<\/p>\nReuters<\/p>\n<\/p>\n
Nike<\/a> crushed earnings expectations on Thursday afternoon, sending the stock flying more than 10%. If you missed out on catching Nike’s<\/a> 11% surge following its earnings beat on Thursday, Jefferies may have another option to play the brand’s resurgence.<\/p>\n “We see Foot Locker<\/a> 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<\/a><\/p>\n NOW WATCH: Trump pitched peace to Kim Jong Un with this Hollywood-style video starring Kim as the leading man<\/a><\/p>\n See Also:<\/p>\n People are slamming Fox News for reporting that the Maryland newspaper just targeted in a shooting doesn’t have an ideological bent<\/a>A look at the demanding schedule of Elon Musk, who works in 5-minute slots, skips breakfast, and largely avoids emails<\/a>Amazon is advertising massive profits up to $300,000 to anyone who wants to start a delivery company<\/a><\/p>\n SEE ALSO: Nike surges after beating on earnings and announcing $15 billion in buybacks<\/a><\/p>\n
\nJefferies says there’s a cheaper way to play the brand’s resurgence though Foot Locker.<\/a>
\nFollow Nike’s stock price in real-time here.<\/a><\/p>\n<\/img><\/a>
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