|Bid||1,002.52 x 200|
|Ask||1,003.70 x 200|
|Day's Range||998.02 - 1,004.62|
|52 Week Range||682.12 - 1,017.00|
|PE Ratio (TTM)||189.03|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Yahoo Finance's Alexis Christoforous is joined by Keith Bliss of Cuttone and Company from the floor of the New York Stock Exchange to discuss the rebalancing of the Russell indices, to which $3.8 trillion in US stocks are tied.
Follow Up: Cigna | Follow Up: Red Hat | Review | Preview Foot Locker tumbled another 7% last week to close at $48.03, following a June 21 Goldman Sachs report that said Nike was “close” to an agreement to sell its wares on Amazon.com. Shares are down 20% since publication of a skeptical Trader view of the retailer’s outlook (“A Slowing Foot Locker,” May 27). A deal with the giant internet retailer would be one more crack in Foot Locker’s growth shield.
As an investment theme, cloud computing used to be greeted with skepticism. The poster child of that progression is Oracle (ORCL), which last week wowed Wall Street with a financial report that put to rest fears of the company being rendered obsolete by cloud computing. You can buy shares of Oracle for 16 times next fiscal year’s earnings and get a little cloud “exposure,” as they say, instead of spending 49 times projected earnings for the top cloud company, Salesforce (CRM), one of Oracle’s chief rivals.