Foot Locker, Inc.(FL)- NYSE

Foot Locker earnings come up short after weak start to February

 earnings|Chart | Calendar   | TRADE NOW | Foot Locker

Foot Locker earnings come up short after weak start to February

BUZ INVESTORS  Foot Locker earnings Foot Locker Inc. shares (FL), -15.40% tumbled 8% in premarket trade Friday, after the sporting goods retailer posted weaker-than-expected earnings for the first quarter. Foot Locker said it had net income of $180 million, or $1.36 a share, in the first quarter, down from $191 million, or 1.39 a share, in the year-earlier period. The sports goods retailer said sales rose 0.7% to $2.00 billion. The FactSet consensus was for EPS of $1.38 and sales of $2.02 billion. Same-store sales rose 0.5%, also below the FactSet consensus of up 1.4%. “The first quarter was one of our most profitable quarters ever, but it did fall short of our original expectations,” Chief Executive Richard Johnson said in a statement.

Foot Locker earnings

Foot Locker (NYSE:(FL) reports comparable-store sales rose 0.5% in Q1.

Excluding the effect of foreign currency fluctuations, sales increased 1.8% for the quarter.

Gross margin rate down 100 bps to 34%.

SG&A expense rate up 30 bps to 18.5%.

Merchandise inventories +1.5% Y/Y to $1.28B.

Store count -9 Q/Q to 3,354.

FL -0.07% premarket.

Business Description

Industry: Manufacturing – Apparel & Furniture » Footwear & Accessories    NAICS: 448210    SIC: 5661
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Traded in other countries: WOO.Germany, FOOTL.Netherlands,
Headquarter Location: USA

Foot Locker Inc is a retailer of athletically inspired shoes and apparel, operating mall-based stores in the United States, Canada, Europe, Australia and New Zealand.

Foot Locker operates thousands of retail stores throughout the United States, Canada, Europe, Australia, and New Zealand. It also has one franchisee in the Middle East and one in South Korea, each of which operates multiple stores in those regions. The company mainly sells athletically inspired shoes and apparel. Foot Locker’s merchandise comes from only a few suppliers, with Nike providing the majority. Store names include Foot Locker, Champs, and Runners Point. The company also has an e-commerce business selling through Footlocker.com, Eastbay, and Final-Score.

Guru Investment Theses on Foot Locker Inc

Keeley Asset Management Comments on Foot Locker Inc. – Oct 24, 2016

For the third quarter, Foot Locker, Inc. (NYSE:FL) was the Fund’s leading performer, returning over 24% and contributing 36 basis points in performance. The company reported a strong second quarter, with both earnings per share and same-store sales beating consensus estimates. This came after a slight same-store sales growth disappointment in the first quarter and seemed to reverse what had been deteriorating sentiment about Foot Locker. In our view, this is a positive change from the first quarter, when same-store sales growth fell short, prompting a selloff. Foot Locker also bought back over 3 million shares, taking advantage of its relatively low share price. The company also benefited from a number of recent basketball shoe launches (Air Jordan, Stephen Curry, Kevin Durant, LeBron James models).
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GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

Trade Idea GBPUSD Hold short entered at 1.2900

Chart | Calendar   | TRADE NOW | GBPUSD

British Pound  | Data | Chart | Calendar | Forecast | News

BUZ INVESTORS GBPUSD  Hold short   The GBPUSD decreased 0.0006 or 0.04% to 1.2876 on Friday May 12 from 1.2881 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.

Although cable has rebounded after marginal fall to 1.2844 and consolidation above this level would be seen, still reckon upside would be limited to resistance at 1.2903 (previous support) and bring another decline, below said support would add credence to our bearish view that top is formed at 1.2991 earlier and bring test of 1.2831 support, break there would provide confirmation and extend the fall from 1.2991 top to 1.2805 and later towards 1.2770 but reckon previous support at 1.2757 would hold from here.

In view of this, we are holding on to our short position entered at 1.2900. Above 1.2925-30 would risk test of 1.2950-60 but break there is needed to signal low is formed, bring another bounce towards 1.2988-91 resistance but break of 1.2999-00 (1.236 times projection of 1.2109-1.2616 measuring from 1.2365 and psychological resistance) is needed to revive bullishness.




GBPUSD  Hold short

>>>TRADE NOW<<<

British Pound

The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – British Pound – actual values, historical data, forecast, chart, statistics, economic calendar and news. British Pound – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.29 1.29 2.86 1.05 1957 – 2017 Daily

 

United Kingdom Markets Last Previous Highest Lowest Unit
Currency 1.29 1.29 2.86 1.05 [+]
Stock Market 7435.39 7386.63 7435.39 427.50 points [+]
Government Bond 10Y 1.09 1.16 16.09 0.52 percent [+]
30 Year Bond Yield 1.80 1.81 16.01 1.22 percent [+]
2 Year Note Yield 0.11 0.12 0.93 0.04 percent [+]
5 Year Note Yield 0.56 0.58 13.58 0.13 percent [+]

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




AUDUSD flirting with 2-month lows

AUDUSD Trade from the short side

AUDUSD Trade from the short side

Buz Investors short side The pair is trading at 0.7672 at 10:40 GMT this morning, with the Australian Dollar trading marginally higher against US Dollar from the New York close

AUDUSD

Buz Investors short side The pair is trading at 0.7672 at 10:40 GMT this morning, with the Australian Dollar trading marginally higher against US Dollar from the New York close. Overnight data revealed that Australia’s HIA new home sales declined on a monthly basis in January. This morning, the pair traded at a high of 0.7690 and a low of 0.7664. The Australian Dollar traded slightly lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7672. The pair is expected to its find support at 0.7659 and its first resistance at 0.7690.



OTHER STORIES BUZ TRADERS FOLLOW

short side

  Australia’s HIA new home sales declined on a monthly basis in January

AUDUSD Having squeezed up to a high of 0.7707 in Asia yesterday following the strong Corporate Profit results, the Aud has since drifted back to chop around just below 0.7700.

The short term momentum indicators are now flat and require a neutral stance, with anything directional likely to come via today’s domestic data (New Home Sales, Private Sector Credit and Current Account). Below 0.7660/65 would then target a move to 0.7650, 0.7635 and 0.7600/05. On the topside, resistance will be seen at 0.0.7700/10 and 0.7720 above which could then see a move 0.7750. A break of this, doubtful today I suspect could then head to the November high of 0.7777. For the coming session a rangebound session below 0.7700 again appears to be in store, but I still prefer to trade from the short side given that the dailies look mildly heavy.

 



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




Specs Cover Short Euro and Yen, but Buy the Aussie

Specs Cover Short Euro and Yen, but Buy the Aussie

Specs Cover Short Euro and Yen, but Buy the Aussie

Specs Cover Short Euro and Yen, but Buy the Aussie

Specs Cover Short  Speculative activity picked up in the latest CFTC reporting period ending January 24. There were three gross position adjustments of more than 10k contracts. Speculators covered 11.1k previously sold euro futures to reduce the gross short position to 184.3k contracts. Though it still is large, it reflects a 30% reduction from the peak in late October. Since then the gross long position has been essential flat. The fact the euro’s gains in the spot market reflects short-covering from the trend follower and momentum traders reinforces our sense that what is taking place is a correction not a reversal of trend. The bears also

The bears also covered 12.4k yen futures contracts, taking the gross short position to 94k contracts.  A month ago it stood at 140k contracts.  Here too there is not much new buying taking place.  The gross long position slipped by 1.4k contracts, leaving 27.1k.

v

Other Stories Buz Traders Follow

Specs Cover Short

The bulls showed their hand in the Australian dollar.  They added 12.2k contracts to their gross long position, which now stands at 54.6k contracts.  Some speculators tried picking a top and added 6.7k contracts to the gross short position, lifting it to 44.3k contracts.  The net speculative position was long for the second consecutive week.
Although the gross position adjustments were modest, they were sufficient to swing the net speculative position to long Canadian dollars for the first time since last September.  The bulls added 4.1k contracts to their gross long position.  It is at 36.2k contracts.  The shorts covered 3.9k contracts, leaving a gross short position of 33.7k contracts.  The resulting net long position is 2.5k contracts.
Speculators tried to pick a bottom in the Mexican peso even as the tensions between the US and Mexico escalated. The gross long position increased by 9.6k contracts, the largest gross long rise after the Australian dollar, to 32.1k contracts.  The gross position increased by less than 1k contracts.

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)




Gold edges down on US interest rate optimism

$XAGUSD Gold short sellers take ‘no prisoners;’ demand in China soars

Gold short sellers take ‘no prisoners;’ demand in China soars

Buz Investors Gold short sellers currently, Gold spot is buying and selling at 1188.forty six, down -1.07% or (1269)-pips at the day, having published a every day high at 1202.fifty eight and coffee at 1184.forty one.

Buz Investors Gold short sellers currently, Gold spot is buying and selling at 1188.forty six, down -1.07% or (1269)-pips at the day, having published a every day high at 1202.fifty eight and coffee at 1184.forty one.

ancient facts to be had for investors and buyers, during January, shows that Gold spot had the satisfactory trading day at +1.41% (Jan.05) or 1664-pips, and the worst at -1.eleven% (Jan.18) or (1331)-pips.



Other Stories buz Traders Follow

Gold short sellers

12 months of the rooster; China long-Gold
Bloomberg reports, Gold exports to China soared within the run-as much as the start of the Lunar New year, with volumes increasing in December from important suppliers Switzerland and Hong Kong. more gold was despatched from Swiss refiners to the world’s pinnacle customer than in any month because at the least January 2014, consistent with facts at the internet site of the Swiss Federal Customs management, even as imports from the Asian city-country additionally elevated in comparison with November.”

The report continues, “China is the sector’s pinnacle gold customer, consistent with information from researcher Metals awareness Ltd., and the begin of the 12 months of the hen this week is associated with gifting the precious metallic. lower expenses at the cease of remaining year, delivered on by using a more potent dollar as the U.S. accelerated interest costs, supported demand.”

Commodities ( Gold ) ( Silver ) ( Lithium )




Biggest Banks $70 Billion Short in Fed Push to Prevent Bailout

Biggest Banks $70 Billion Short in Fed Push to Prevent Bailout

Biggest Banks $70 Billion Short in Fed Push to Prevent Bailout

  • Buz Investors Biggest Banks  Wall Street banks are about $70 billion short in building up funds the Federal Reserve says they’ll need to tap following a collapse, down by almost half from the central bank’s earlier estimates.
  • The eight biggest US financial firms are required to build cushions of long-term debt that can be transformed into equity in a new company if the old one fails, according to a rule the Fed governors are expected to approve Thursday.
  • Stockpiles of capital will also be used to meet the new standard known as total loss-absorbing capacity, or TLAC, which is a vital component of the plan to make giant banks easier to unwind without taxpayer

Biggest Banks 

Buz Investors Biggest Banks  Wall Street banks are about $70 billion short in building up funds the Federal Reserve says they’ll need to tap following a collapse, down by almost half from the central bank’s earlier estimates.

Biggest Banks The rule still faces some uncertainty, however, especially following the election of Donald Trump. The president-elect has criticized regulations that squeeze banks’ ability to lend, and Republican lawmakers have warned federal agencies not to issue 11th-hour rules before Trump takes office. If Congress takes issue with the new debt requirement, it has the power to roll it back, and regulators appointed by Trump also could also blunt the measure.

When the Fed proposed the idea more than a year ago, a chief industry concern was the rule’s apparent disregard of certain kinds of long-term debt already in wide use, but the central bank made concessions in the final version to allow existing debt with certain “acceleration clauses” to be used. Like the proposal, the final rule adopted Thursday includes a tally of capital and long-term debt that ranges from 21.5 percent to 23 percent of risk-weighted assets for the eight U.S.-based firms affected, the Fed estimated.

Other Stories Buz Traders Follow

Biggest Banks

Meeting the demand by 2019 isn’t difficult for banks such as Goldman Sachs Group Inc. and Morgan Stanley that are accustomed to issuing that kind of debt. The rule will be more of a burden for banks like Wells Fargo & Co., which historically has relied more on traditional funding from deposits.




Speculators Net Short Yen in the Futures Market for the First Time in a Year

Speculators Net Short Yen in the Futures Market for the First Time in a Year

Speculators Net Short Yen in the Futures Market for the First Time in a Year

  • Buz Investors Speculators Net Short Yen The US dollar rose more than 8.5% against the yen in November, and finally at the end of the month, speculators finally switched to a new short position for the first time this year.
  • In the CFTC reporting week ending November 28, speculators added 12.1k contracts to their gross short position, lifting it to 72.4k contracts. Speculators added a little less than one thousand contracts to the gross longs, which then stood at 72.1k contracts.
  • Since peaking in early October near 102k contracts, 30k gross long contracts have been liquidated. Over the same period, almost 40k contracts have been added to the gross short exposure. The

Speculators Net Short Yen

Buz Investors Speculators Net Short Yen The US dollar rose more than 8.5% against the yen in November, and finally at the end of the month, speculators finally switched to a new short position for the first time this year. In the CFTC reporting week ending November 28, speculators added 12.1k contracts to their gross short position, lifting it to 72.4k contracts. Speculators added a little less than one thousand contracts to the gross

Speculators Net Short Yen  Of the eight currencies we track there were two exceptions, the Canadian dollar (2.1k reduction of gross shorts) and the New Zealand dollar (200 contract reduction).  Without fail, speculators liquidated long exposure to the dollar-bloc currencies and the peso.  They mostly added to the other majors, with the exception of sterling, where gross longs were cut.
The bulls and bears have been wrestling in the 10-year note futures.  In the most recent reporting period, the bulls capitulated.  They liquidated 208.4k contracts.  They still have another 519.1k contracts.  The emboldened bears added 60.5k contracts to their gross short position,

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Speculators Net Short Yen

raising it to 615.4k contracts.  The result is that the net position swung from long 173k contracts to being short 96.3k contracts.
In the reporting period ending the day before OPEC’s oil cut announcement, speculators trimmed both gross long and short positions.  They trimmed the gross long position by 8.9k contracts to 551.7k.  They covered 20.4k gross short contracts, leaving them with 263.8k.  This resulted in an 11.6k contract increase in the net long position to 287.9k contracts.




Crude oil prices fall

Crude oil prices fall as OPEC deal-making falls short

Crude oil prices fall as OPEC deal-making falls short

Oil

  • Buz Investors Crude oil prices fall The commodity is trading at $48.56 per barrel at 09:40 GMT this morning, 0.21% lower from the New York close.
  • Crude oil witnessed a high of $48.74 per barrel and a low of $48.26 per barrel during the session. The commodity declined in the New York session on Friday, closing 1.32% lower at $48.66 per barrel, as investors got skeptical about OPEC’s ability to strike a proposed deal to curb output.
  • Separately, Baker Hughes disclosed that US oil rig count fell by 2 to 441 last week, declining for the first time since June 2016. Immediate downside, the first support level is seen at $47.97 per barrel, while on the upside, the first resistance level is at $49.44 per barrel.

Crude oil prices fall 

Crude oil prices fall

Crude oil prices fall Crude oil prices fell amid signs of deadlock at a technical OPEC meeting in Vienna as the cartel tries to work out an implementation framework for an output reduction dealagreed in September. A sit-down with non-OPEC producers including Brazil and Russia also appeared to end fruitlessly. Risk aversion triggered after the FBI said it is investigating new emails involving Hillary Clinton compounded selling pressure.



Other Stories Buz Traders Share

Crude oil prices fall

 

Looking ahead, discord among OPEC member states may continue to weigh on oil prices as investors mark down the probability that a coherent supply management effort will practically materialize. Risk appetite looks to be on the mend as S&P 500futures trade firmly higher. The FBI email investigation fiasco remains apotential source of headline risk however. Another risk-off push may punish the WTI contract.

Gold slips ahead of Fed

Gold Price Trends Downwards in Short Term

Gold Price Trends Downwards in Short Term

Gold

  • Buz Investors Gold Price Trends Downwards  Gold is trading at $1254.30 per ounce at 09:40 GMT this morning, 0.21% higher from the New York close.
  • This morning, the precious metal traded at a high of $1257.00 per ounce and a low of $1251.10 per ounce.
  • On Friday, gold traded 0.06% lower in the New York session and closed at $1251.70 per ounce, as a rally in global equity markets dented demand for the precious yellow metal. Immediate downside, the first support level is seen at $1247.23 per ounce, while on the upside, the first resistance level is at $1261.03 per ounce.

Gold Price Trends Downwards rose slightly on Monday morning in London

Gold slips ahead of Fed

Gold Price Trends Downwards Gold traded in a narrow range between $1250 and $1256 per ounce on Monday, after it fell nearly 0.6% to a 1-week low of $1246 last Friday and closed the week at $1251.

“Because the possibility of a December rate hike is increasing, generally, the trend of gold price is downwards but in the short term we think that there could be relatively a mild technical correction,” said Jiang Shu, chief analyst at gold mining group Shandong, who sees gold reaching $1270 in the short term before sharply falling back on expectations of a US rate hike.

 Other Stories Buz Traders Follow

Bart Melek, head of commodity research at Toronto Dominion Bank, expects gold to dip below $1200 if the Fed raises interest rates, before the metal rallies to levels as high as $1350 again next year.

While speculation of a longer than expected easy monetary policy stance driving the 30-year bond yield to a 4-month high, the US Dollar index, which measures the greenback against a basket of other major currencies, fell slightly back below 98 after it touched 98.16 – the highest it has been since March.

In other precious metals, silver moved around last week’s close of $17.42 per ounce while palladium was up around 1% and platinum rose 0.8% after dropping to a 7-month low of $923 last Friday.