FL - Foot Locker, Inc.
42.29 0.00 (0.00%)
After hours: 4:48PM EDT
| Previous Close | 42.04 |
| Open | 42.29 |
| Bid | 42.03 x 800 |
| Ask | 42.61 x 800 |
| Day's Range | 41.72 - 42.94 |
| 52 Week Range | 39.06 - 68.00 |
| Volume | 2,290,381 |
| Avg. Volume | 3,619,604 |
| Market Cap | 4.639B |
| Beta (3Y Monthly) | 1.54 |
| PE Ratio (TTM) | 8.83 |
| EPS (TTM) | 4.79 |
| Earnings Date | Aug 22, 2019 - Aug 26, 2019 |
| Forward Dividend & Yield | 1.52 (3.62%) |
| Ex-Dividend Date | 2019-07-18 |
| 1y Target Est | 58.29 |
- InvestorPlace•9 hours ago
7 Stocks to Buy This Summer Earnings Season
Second-quarter earnings season is upon us. The broad outlook from Wall Street is not a rosy one. For the second quarter in a row, analysts are expecting the S&P 500 to report a year-over-year earnings decline. For comparison purposes, in the year ago quarter, S&P 500 earnings rose 25% year-over-year.Although Q2 earnings are expected to be bad, it is important to note that Wall Street analysts have a history of underestimating EPS. For example, last quarter, analysts thought the S&P 500 EPS was going to drop 4% year-over-year. But Q1 earnings only dropped 0.3% year-over-year. This is nothing new. Over the past five years, reported S&P 500 earnings have exceed estimated S&P 500 earnings by 4.8%, on average, while the projected EPS growth rate heading into a quarter has historically been 3.7 percentage points below the actual EPS growth rate in that quarter.If we extrapolate that trend out, then Q2 earnings will actually rise by about a percent. Importantly, that represents sequential acceleration form last quarter's down 0.3% growth rate. Such sequential acceleration implies that corporate earnings may have bottomed, and that going forward, earnings will start growing at a healthy pace again.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFrom this perspective, Q2 earnings could provide a big catalyst for the market. If earnings do come in ahead of expectations and actually grow year-over-year, then the stock market will rally as investors take that as evidence that the mini-earnings draw-down of early 2019 is over. * 7 Defense Stocks to Buy to Fortify Your Portfolio With this in mind, let's take a look at seven stocks to buy with the potential to lead an earnings rally this summer. Facebook (FB)Source: Shutterstock Reporting Date: July 24The Thesis: One stock that looks due for a blockbuster summer earnings report and big subsequent rally is digital ad giant Facebook (NASDAQ:FB). Facebook has spent most of 2019 putting its 2018 user privacy headaches behind it. The Q2 earnings report should cement that those headwinds are in the rear-view mirror.Global online ad spend trends in 2019 have been favorable. Facebook Stories usage has been on the up and up, while Instagram has seen an influx of new advertising opportunities, as has Messenger. Thus, Facebook's user and revenue numbers should be good this quarter. The margin numbers should be good, too, as the lap gets easier. Further, Facebook management will be able to update investors on its new commerce initiatives, and bullish sentiment there could spark a rally.All in all, it increasingly looks like the big 2019 rally in FB stock is set to take another leg higher this summer, making the social media giant a stock to buy. Crocs (CROX)Source: Shutterstock Reporting Date: August 6 (estimate)The Thesis: Ugly is the new cool, and because of that, "ugly" footwear brand Crocs (NASDAQ:CROX) has staged a huge operational turnaround over the past several years. But that turnaround hit a snag in the first quarter of 2019 as Crox ran into some demand and margin headwinds. Investors implied from this that the best of the CROX turnaround story had already materialized, and CROX stock subsequently dropped off a cliff.But the best of this rebound narrative hasn't materialized. Instead, most data points suggest that the Crocs brand is only gaining momentum. Piper Jaffray's survey of young consumers found that Crocs has one of the fastest growing mind-shares in the entire footwear category, while both domestic and global search interest trends indicate that consumer interest surrounding Crocs is surging higher. Further, the company's recent collaboration with Vera Bradley was a huge hit. * 10 High-Flying, Overvalued Stocks in Danger of Crashing Overall, then, it looks likely that Crocs will report very strong second quarter numbers this summer. Those strong numbers will affirm that the best of this rebound narrative isn't over just yet, and will consequently spark a nice recovery rally in CROX stock. JD.Com (JD)Source: Shutterstock Reporting Date: August 15 (estimate)The Thesis: Calendar 2018 was a really bad year for Chinese e-commerce juggernaut JD.Com (NASDAQ:JD). China's consumer economy cooled off, JD's revenue growth rates dropped, and the company's margins were slashed in half. In response to those adverse trends, JD stock lost more than half of its value in 2018.But all three of those trends have reversed course in 2019. China's consumer economy has picked up steam recently, especially over the past two months, during which retail sales growth has accelerated meaningfully and notched a 12-month-high in June. At the same time, JD's revenue growth rates have stabilized in the ~20% range, while operating margins have expanded by 70 basis points or more in each of the past two quarters.Because all three of these trends have reversed course, it is likely that JD puts up impressive summer 2019 numbers. Those impressive numbers should sustain the big 45% year-to-date rally in JD stock. Foot Locker (FL)Source: Shutterstock Reporting Date: August 24 (estimate)The Thesis: Owing largely to fears regarding trade war escalation and its impact on the company's demand and margins, footwear retailer Foot Locker (NYSE:FL) has dropped over 20% in 2019. But the U.S. and China have declared a trade war truce, meaning conditions on the trade front won't get worse anytime soon.At the same time, Foot Locker reported strong numbers last quarter that comprised positive comparable sales growth and gross margin expansion. Nike (NYSE:NKE), who is Foot Locker's largest brand partner, just reported very strong 10% constant-currency revenue growth in its most recent quarter. Lululemon (NASDAQ:LULU), who doesn't sell through Foot Locker but nonetheless is an important player in the athletic apparel market, also reported strong revenue growth last quarter. * 8 Stocks to Buy That Are Growing Faster Than Amazon Broadly, then, athletic apparel adoption tailwinds remain alive and well, while trade war headwinds have been put on pause for the foreseeable future. That combination means that Foot Locker likely had good a Q2, and that management will issue a favorable guide. In response, beaten up FL stock should rally. Tesla (TSLA)Source: Shutterstock Reporting Date: July 24The Thesis: Shares of electric vehicle maker Tesla (NASDAQ:TSLA) were hammered in early 2019 amid a global auto and EV demand slowdown which negatively impacted Tesla's first quarter delivery numbers. The consensus thesis became that the best of the Tesla growth narrative was over. In response, TSLA stock crashed.But that consensus thesis was disproved by a strong Q2 delivery report, in which Tesla delivered a record number of vehicles. TSLA stock rallied after the Q2 delivery report. But it's still well below where it was following the bad Q1 delivery report, and that's mostly because investors want to see how margins played out in Q2. Given the rampant increase in scale, it's likely that margins similarly moved higher in Q2. Thus, the Q2 earnings report should also reaffirm that Tesla's bad Q1 was an anomaly that won't repeat.If so, TSLA stock has runway to retake the $300 level this summer. It also helps that 30% of the float is short -- a historically large number, even for Tesla -- so in the event that second quarter numbers are good, TSLA stock is positioned for a huge short squeeze rally. AMC Entertainment (AMC)Reporting Date: August 7 (estimate)The Thesis: Following a record year in 2018, box office results have been sluggish through the first half of 2019. Year-to-date through June, box office sales were down over 9% relative to 2018. As the box office has been sluggish, so have shares of America's largest movie theater operator, AMC Entertainment (NYSE:AMC). Year-to-date, AMC stock is down 20%.But not all hope is lost for AMC stock. Thanks to the huge success of the most recent Spider-Man movie, July box office revenues are up slightly year-over-year. This renewed box office growth will likely persist into the end of the year, given the upcoming releases of Lion King, Frozen 2, and a new Star Wars movie. At the same time, AMC's subscription movie-going program, Stubs A-List, is gaining tremendous traction. * 5 Reasons to Buy the Dip In Netflix Stock All in all, I think AMC's next earnings report will be quite good. The trailing three month numbers might not be the best. Bu, the guide will likely be good, and management will likely talk up the success of Stubs A-List on the call. That will be enough good news to get shorts - who represent a whopping 30% of the float - to cover, and spark a big rally in AMC stock. Alibaba (BABA)Source: Shutterstock Reporting Date: August 22 (estimate)The Thesis: The story at Chinese e-commerce juggernaut Alibaba (NYSE:BABA) is similar to the story at peer JD.Com. Calendar 2018 was a rough year, defined by slowing consumer strength, falling revenue growth rates, and compressing margins. But calendar 2019 has been very different. The Chinese consumer is starting to bounce back. Revenue growth rates at Alibaba are stabilizing. Margin expansion is coming back into the picture.As these new and favorable trends persist throughout 2019, Alibaba should report solid numbers. Those solid numbers will converge on a relatively cheap (only 26-times forward earnings, versus a five year average forward multiple of 29) and beaten-up (11% off 2019 highs) BABA stock. This convergence should result a healthy rally in Alibaba stock.As of this writing, Luke Lango was long FB, CROX, JD, FL, NKE, LULU, TSLA, AMC, and BABA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post 7 Stocks to Buy This Summer Earnings Season appeared first on InvestorPlace.
- InvestorPlace•14 days ago
7 Retail Stocks to Buy for the Second Half of 2019
The stock market is having its best year since 1997. Retail stocks, though, didn't get an invite to the party. Year-to-date, the S&P 500 is up a whopping 18%. As for retail stocks, the SPDR S&P Retail ETF (NYSEARCA:XRT) is up a meager 3%.Let's put this in context. The unemployment rate in the U.S. is at record lows. Wage growth is running at decade highs. Consumer confidence and sentiment have surged higher in 2019. Rates have dropped. Credit is good. Households aren't overly leveraged. Everything is going right for the U.S. consumer.Yet, despite everything going right, retail stocks are still up just 3% year-to-date, versus an 18% gain for the S&P 500. Why? The trade war, and a sluggish consumer in early 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, the U.S.-China trade war has been put on hold. It looks increasingly likely that a deal will be struck soon. At the same time, the Fed projects to cut rates this summer, and that should goose the economy and reinvigorate the consumer.Thus, the two headwinds that have killed retail stocks year-to-date, could reverse course this summer, and turn into tailwinds by the end of the year. That reversal ultimately means that retail stocks have big upside potential over the next several months from today's depressed levels. * 10 Stocks to Buy on College Students' Radars Which retail stocks should you buy to play this retail recovery rally? Let's take a look. Foot Locker (FL)Source: Mike Mozart via Flickr Athletic footwear retailer Foot Locker (NYSE:FL) has had a tough time over the past few years. The athletic retail market has shifted from wholesale retail to direct retail, and that shift has meant lower sales volume through wholesale retail distributors like Foot Locker. But, this shift has normalized over the past few quarters. As it has, Foot Locker's numbers have improved, and the stock has moved higher.The trade war knocked this FL recovery off course in 2019. Foot Locker is at the epicenter of the trade war, since the athletic footwear industry outsources a lot of production to China. As such, higher tariffs on China imports stand to significantly and adversely impact Foot Locker's numbers. Investors have been persistently nervous about this, and FL stock has dropped as trade tensions have hung around.Those trade tensions are now de-escalating. A deal looks likely soon. At the same time, the Fed is going to cut rates, and that will reinvigorate a sluggish consumer. The financial implications for Foot Locker? Stronger comparable sales growth and higher margins. That combination should ultimately spark a big rally in FL stock, which presently trades at an anemic 8-times forward earnings multiple. Macy's (M)Source: Mike Mozart via FlickrMuch like Foot Locker, mall retail giant Macy's (NYSE:M) has had a tough time over the past several years as the retail world has shifted from wholesale to direct. This shift has pushed consumers to direct-focused retail platforms like Amazon (NASDAQ:AMZN). Macy's has had trouble keeping up. Sales, margin and profit trends have been weak. Macy's stock has also been weak.Adverse secular trends coupled with trade war headwinds have pushed Macy's stock to depressed levels in 2019. We are talking 7-times forward earnings and a 7%-plus dividend yield. In other words, the sentiment is so negative surrounding Macy's stock that the stock is now essentially priced for profit trends to remain weak forever. * 10 Best Stocks for 2019: A Volatile First Half That won't happen. A trade deal and rate cuts will provide a big tailwind to the retail industry in the back half of 2019. This rising tide will lift all boats, even the beaten-up ones like Macy's. As such, Macy's profit trends will improve throughout the course of 2019, and as they do, Macy's stock should rally in a big way given its presently depressed valuation. Crocs (CROX)Source: Shutterstock Unlike Foot Locker and Macy's, sandal footwear brand Crocs (NASDAQ:CROX) has actually experienced tremendous success over the past few years. The brand orchestrated a huge operational turnaround in the mid-2010's through narrowing the product portfolio and focusing on the company's classic foam clog. Doing so reinvigorated revenue growth and cut expenses from the operating model, which produced robust profit growth. That robust profit growth propelled CROX stock from $6 in mid-2017, to over $30 by early 2019.The CROX turnaround hit a road-bump in early 2019. First quarter numbers weren't good. Sales growth slowed and gross margins tightened. The outlook wasn't great, either. Broadly, Crocs reported early 2019 numbers that implied that the best of the CROX turnaround is over. Investors proceeded to dump CROX stock. The stock now trades 35% off its 2019 highs.But, since those ugly early 2019 numbers, U.S. labor markets have remained healthy, rates have plunged, and trade tensions have eased. Plus, consumer interest with respect to Crocs has only surged higher since then, and the company just scored a big partnership with Vera Bradley.In other words, recent data implies that the best of the CROX turnaround is not over, the company the will report strong second-quarter numbers soon, and CROX stock is due for a nice recovery rally. Nordstrom (JWN)Source: Shutterstock Similar to Macy's, mall retail giant Nordstrom (NYSE:JWN) has struggled over the past several years to drive traffic gains against the backdrop of a consumer exodus from physical to digital shopping channels. These struggles got really bad in early 2019. The company recently reported awful first-quarter numbers that included negative comparable sales growth and margin compression. Management also cut the full year 2019 guide. In response, JWN stock tumbled.But, really bad early 2019 numbers were an anomaly produced by ephemeral headwinds, such as poor execution on a new loyalty program and a lack of digital marketing spend. Those two hiccups have been remedied. As such, it is likely that Nordstrom's numbers improve meaningfully into the summer, especially with trade tensions cooling, the labor market healthy and a rate cut on the way. * The 7 Best Long-Term Stocks to Buy for 2019 and Beyond Improving numbers should spark a rally in JWN stock. The stock trades 50% off recent highs. It's also at a decade-low valuation level. This combination of fundamental improvements and a depressed valuation give the stock ample firepower to shoot higher over the next few months. Canada Goose (GOOS)Source: Shutterstock Luxury outdoor apparel brand Canada Goose (NYSE:GOOS) was once one of Wall Street's favorite retail stocks, due to its robust growth trajectory. Then, the company reported sub-par fourth-quarter numbers that comprised of slowing growth trends and delivered a disappointing long-term growth guide. The implication? The growth trajectory here isn't as robust as everyone thought it was. GOOS stock subsequently dropped.But, Canada Goose is still a 20%-plus revenue growth company with a healthy and expanding margin profile. Net net, that should drive 20%-plus profit growth, versus an average long-term profit growth rate across the retail segment of below 10%. For that sub-10% growth, retail stocks are trading at 18-times forward earnings. For more than double that growth potential (20%-plus profit growth), GOOS stock is trading at less than double the retail average valuation (30-times forward earnings).Thus, relative to other retail stocks, GOOS stock now gives investors more bang for their buck. As such, as the broader retail industry rallies over the next several months thanks to cooling trade tensions and rate cuts, GOOS stock should generate alpha relative to its peers due to its attractive fundamentals and favorable valuation. Dollar General (DG)Source: Mike Mozart via FlickrYou want to buy off-price retail giant Dollar General (NYSE:DG) because this company has found a winning strategy in the dynamic retail landscape, and it will continue to leverage that winning strategy to drive high-quality profit growth over the next several years.Over the past decade, Dollar General has honed in on becoming a go-to off price destination for consumer staples products. Because consumers always need to buy consumer staples products, and because consumers always love low prices, this retailing strategy has produced strong sales and profit growth for Dollar General over the past several years.This strong growth continued in early 2019, when the rest of retail broadly reported bad numbers. It's also expected to persist for the rest of the year, as management delivered a healthy full-year 2019 guide in the company's last earnings report. The implication? Dollar General will continue to leverage its winning off-price retailing strategy to drive big profit growth for the next several quarters and years, regardless of how the rest of the retail shapes up. * 7 Simple Ways for Young Investors to Invest Their First $1,000 So long as the profit growth trend here remains favorable, DG stock should continue to move higher. As such, the smart move here is to stick with the rally in DG stock for the foreseeable future. Lowe's (LOW)Source: Mike Mozart via Flickr (modified)The bull thesis on Lowe's (NYSE:LOW) is pretty simple. For all intents and purposes, Home Depot (NYSE:HD) and Lowe's are largely the same company, so their stocks should trade at similar valuations. Normally, they do. But, every once in a while, LOW stock trades at a sizable discount to HD stock. Whenever this valuation discrepancy arises, it's usually a signal to buy LOW stock (so long as the economic backdrop remains favorable).That's exactly where we are today. HD stock trades north of 20-times forward earnings. LOW stock trades at just 18-times forward earnings. That's the biggest valuation discrepancy between these two stocks over the past three years. Meanwhile, the economic backdrop is favorable (low rates, full labor market, big wage gains, etc.), and Lowe's actually just out-comped Home Depot last quarter.Net net, LOW stock presently trades at a sizable discount to HD stock, but the fundamentals say it shouldn't. Ultimately, the fundamentals will win out here, meaning LOW stock is due for a nice rally over the next few months.As of this writing, Luke Lango was long FL, M, AMZn, CROX, JWN and LOW. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post 7 Retail Stocks to Buy for the Second Half of 2019 appeared first on InvestorPlace.
- Zacks•15 days ago
Retail Store Cannibalization: Walmart Latest to Fall Prey (Revised)
Retail firms have learnt the hard way that quality supersedes quantity and overexposure though higher number of stores often fail to yield the desired effect.
- Zacks•20 days ago
BHP, Foot Locker, Adobe, Oracle and Salesforce highlighted as Zacks Bull and Bear of the Day
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- Motley Fool•20 days ago
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- Zacks•22 days ago
What's Next for Nike (NKE) Stock in Fiscal 2020 Amid Digital Expansion?
Associate Stock Strategist Ben Rains breakdown Nike's (NKE) fourth-quarter fiscal 2019 financial results and takes a look at what's next for the sportswear powerhouse as it expands its digital business.
- Barrons.com•25 days ago
Foot Locker Stock Will Get a Boost From Nike’s Strength
Good news for Nike is good news for Foot Locker, so buy the retailer’s stock on ongoing strength in the apparel giant. That’s what Jefferies is saying.
- Bloomberg•25 days ago
The RealReal's Secondhand Swank Shines in Stock Debut
(Bloomberg Opinion) -- The RealReal Inc. made its stock-market debut Friday morning, a milestone for a star in a small constellation of companies trying to use e-commerce to upend the market for selling secondhand goods.Shares of The RealReal jumped by as much 50% from their offering price in the first hour of trading, an early sign of investor enthusiasm about a digital destination for used luxury fashion items. Yet even though I believe The RealReal’s healthy revenue growth isn’t going to cool anytime soon, its path to profitability is too uncertain to get quite this excited about its prospects.The RealReal accepts designer handbags, watches, clothes and other items from consignors. It inspects each item before listing it for sale on its website and eventually shipping it off to the buyer, taking a commission on each sale. In 2018, some $711 million in sales took place on the RealReal platform, generating $207 million in revenue for the company.The RealReal’s site is squarely aligned with key trends shaping consumer behavior. Sustainability concerns are starting to factor into fashion-buying decisions the way they have for years in the food and beauty businesses, and shopping for secondhand items is a way to feel good about your ecological footprint. Plus, at a moment when we’re renting a stranger’s home on Airbnb Inc. or commuting in someone else’s car thanks to Lyft Inc., it simply feels less weird than it once did to shell out for a used handbag. In the increasingly crowded digital market for secondhand goods, The RealReal has proven itself a formidable player. By focusing specifically on the luxury tier, it stands out from other startups such as ThredUp and Poshmark. And it appears to be cultivating loyalty, with 80% of the total value of merchandise sold on its platform in 2018 coming from repeat buyers.For all these positives, I worry that The RealReal’s own business model could limit its ultimate growth potential and profit prospects. A key promise of the platform is that its staff of gemologists, horologists, art appraisers and other experts authenticate every item listed on its site. For context, the company said it processed up to 14,000 items a day in 2018. Every single one of those items must be individually priced, photographed, and precisely described. Unsurprisingly, The RealReal is using technological innovation to aid this process, including proprietary algorithms that help set pricing. It says it is working with the University of Arizona to develop technology that would help its team inspect gemstones more quickly. But for the foreseeable future, this is a people-heavy process, and one that requires quite specialized workers. Think about it: How many horologists do you know? That’s a good hint these experts probably don’t come cheap. Also, consignors have the option of starting their RealReal selling process with services such as complimentary in-home consultations. One-on-one interactions like that don’t easily get cheaper with scale. All of this makes me doubt that The RealReal will be able to achieve profitability. And it demonstrates why I am skeptical about the viability of a wave of startups embracing a similar model. In particular, I’m thinking of websites such as StockX, Goat, Flight Club and Stadium Goods, which are emerging as popular destinations for sneakerheads to buy pre-owned shoes. Investors don’t seem to share my concern: Foot Locker Inc. invested $100 million in Goat earlier this year, while StockX said this week it had raised $110 million in new financing at a $1 billion valuation.Authentication and category expertise are huge reasons for shoppers to choose these resale specialists instead of a generalist site such as eBay Inc. or Craigslist (or a mom-and-pop consignment shop, for that matter). The anti-counterfeiting measures provide a reason for trust that will be critical in bringing new shoppers to the secondhand market. But I’m not confident that the authentication processes will get efficient enough, quickly enough, for these businesses to last.This may explain why The RealReal didn’t look to be headed for quite as splashy a one-day debut as Revolve Group Inc., the fashion e-commerce company that went public earlier this month and saw its shares pop 89% on its first day of trading.Revolve’s isn’t a secondhand site and its model isn’t particularly industry-shaking; it simply sells ultra-trendy clothes to relatively affluent millennial women. But it does have some important points of differentiation, including a stable of private-label brands that accounted for 27% of sales last year. Plus, the company is already profitable.That gives me reason to believe it has greater staying power than The RealReal and the rest of the digital secondhand stores. The consumer interest in the resale model is the real deal – but so are the attending challenges to scaling it.To contact the author of this story: Sarah Halzack at shalzack@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
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What to Expect from Nike's (NKE) Q4 2019 Earnings Results
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5 Bargain Stocks Growing EPS, Including Foot Locker
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Why Is Foot Locker (FL) Down 20% Since Last Earnings Report?
Foot Locker (FL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Simply Wall St.•last month
Is Now The Time To Look At Buying Foot Locker, Inc. (NYSE:FL)?
Foot Locker, Inc. (NYSE:FL), which is in the specialty retail business, and is based in United States, received a lot...
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North America, China Segments to Aid NIKE's (NKE) Q4 Earnings
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- InvestorPlace•last month
7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits
The other day I saw an article in Forbes by value investor John Dorfman that examined four stocks to buy with little debt and high profitability. The stocks mentioned were National Beverage (NASDAQ:FIZZ), Gentex (NASDAQ:GNTX), Cactus (NYSE:WHD) and Deckers Outdoor (NASDAQ:DECK). Of Dorfman's four picks, I'm familiar with three of them. Cactus is the outlier of the group. It turns out the company makes wellheads and flow control products for the energy industry. InvestorPlace - Stock Market News, Stock Advice & Trading TipsYou learn something new every day in this business.Anyway, I'm always on the lookout for a good story idea, so I thought I'd run with Dorfman's theme and come up with seven S&P 500 stocks to buy that have little debt and lots of profits. * 6 Stocks Ready to Bounce on a Trade Deal To qualify, a company must have a debt-to-equity ratio of 20% or less and a return on equity 15% or higher. S&P 500 Stocks to Buy: Monster Beverage (MNST)Source: Mike Mozart via Flickr (modified)Monster Beverage (NASDAQ:MNST), one of the world's leading makers of energy drinks, has zero debt, $880 million in cash and marketable securities, and a return on equity of 28.6%. After conquering the energy drinks field, Monster is looking to capture a big chunk of the cannabis- and alcoholic-beverage markets. According to the Wall Street Journal, Monster is said to be interested in rolling out hard seltzers, malt beverages, and cannabis beverages once its non-compete (it's precluded from producing non-energy drinks) clause with Coca-Cola (NYSE:KO) ends in 2020. "This move actually makes a lot of sense for the company because Coke is looking more and more like a threat. In April, the brand debuted Coca-Cola Energy in Spain and Hungary, and it already sounds healthier than Monster," Delish reported June 12. Nobody thought Monster would rule the energy drink business, but here it is. I wouldn't bet against CEO and co-founder Rodney Sacks. He knows a thing or two about winning in the beverage biz. Foot Locker (FL)Source: Shutterstock Foot Locker (NYSE:FL), has gotten hammered in the past month, down approximately 25%. Nonetheless, the global retailer of sneakers has a remarkably strong balance sheet with $123 million in long-term debt, cash and cash equivalents of $1.1 billion and a return on equity of 26.9%. How do you lose 25% in a single month?Well, in Foot Locker's case, it missed analysts' first-quarter earnings estimate by eight cents. That's right, the consensus was $1.61, and FL came in at $1.53. On the top line, analysts were expecting sales of $2.11 billion; Foot Locker delivered revenues that were $33 million lower than expected. Hardly a bad earnings result -- comps rose by 4.6% during the quarter, suggesting to me that the long-term goals it has in place will surely be met. * 7 Value Stocks to Buy for the Second Half In the meantime, FL stock gives you a dividend yield of 3.7% and trading at 8.1 times its forward earnings.Can you say value stock? I knew you could. Hormel Foods (HRL)Source: Mike Mozart via Flickr (Modified)It's only appropriate that a pescetarian such as myself recommend a stock like Hormel Foods (NYSE:HRL), the makers of Spam, the most disgusting meat-based product ever created. No matter. The company has a great balance sheet with just $257.1 million in long-term debt, $639.3 million in cash and cash equivalents, and a return on equity of 19.5%.As I said, Spam is a horrible product, but a particular segment of the population seems to love it, and it pays the bills. In the first six months of 2019, Hormel's total segment profit was $615.4 million on $4.7 billion in sales, an operating profit of 13.1%. The meat-based food company is slowly making its way into plant-based foods such as a vegan pizza topping to meet the needs of consumers. While not at the front of the pack, it's working hard behind the scenes to deliver for its customers. "We understand that it is a shiny new toy," CEO Jim Snee said at a food conference in Paris recently. "We get that. It is one of our shiny new toys as well. It is something that is certainly on our minds like it is everyone else, and there is a lot of work happening both in the market and behind the scenes."Perhaps there is life after Spam. SVB Financial (SIVB)Source: Shutterstock SVB Financial (NASDAQ:SIVB) is my favorite American bank because it helps innovators and entrepreneurs around the world build their businesses.The holding company of Silicon Valley Bank has long-term debt of just $696.7 million, cash and cash equivalents of $7.1 billion, $28.9 billion in loans outstanding and a return on equity of 22.1%, which is over 800 basis points higher than JPMorgan (NYSE:JPM). In January, SIVB paid up to $340 million for Boston-based Leerink Partners LLC, an investment bank specializing in the healthcare industry. With all the changes happening in healthcare, owning a business that understands healthcare and life sciences companies, will continue to demonstrate why its a bank built on innovation. * 5 Stocks to Buy for $20 or Less Whenever it drops below $200 over the next few years, investors should buy SIVB stock. You won't regret it. Intuitive Surgical (ISRG)Source: Jon Fingas via Flickr (Modified)In February of this year, Intuitive Surgical (NASDAQ:ISRG), the makers of the da Vinci surgical system, got the green light from the FDA for Ion by Intuitive, a flexible robotic catheter that helps physicians reach "nodules in any airway segment within the lung."If you've owned ISRG stock, you're likely delighted by the news because it takes this goose beyond its golden egg. While I don't believe Intuitive is anywhere near the saturation point for its da Vinci surgical system, Ion shows it's also not a one-trick pony. That said, being a one-trick pony has made long-term shareholders very wealthy. CEO Gary Guthart owns 701,824 shares of ISRG that are worth a cool $374 million. That could buy a bunch of its surgical systems. ISRG stock hasn't done much so far in 2019, up just 13.2% year to date, but that's okay. It's got a great balance sheet with no debt, cash and marketable securities of $2.8 billion, and a return on equity of 17.9%. Long-term, I don't think you can go wrong with ISRG. A.O. Smith (AOS)Source: Nvdongen via Wikimedia (Modified)The last three years have not been kind to A.O. Smith (NYSE:AOS), the Wisconsin-based maker of water heaters, boilers and water treatment and filtration systems for both commercial and residential use. I first became interested in the company in 2012 because of its tankless water heaters. It has been so long that I can't remember exactly why I was interested in tankless water heaters. As I got to know the business, I couldn't help but recommend its stock. In recent years, AOS has significantly underperformed the S&P 500, which is unusual for a company that has delivered an annualized total return of 16.5% over the past 15 years. Unfortunately, to make matters worse, J Capital Research, a short seller intent on driving down AOS stock, made allegations against the company about its Chinese operations that suggested it was inflating sales and profits in China. The company flatly denies the allegations. All I can say is that I've followed the company's progress over the past seven years and I'm going to believe it's worth standing behind this business until proven otherwise. * 7 Top-Rated Biotech Stocks to Invest In Today As of the end of March, A.O. Smith had $277.6 million in long-term debt; $633.3 million in cash and marketable securities; and a return on equity of $20.6%. Ulta Beauty (ULTA)Source: Mike Mozart via FlickrFor almost two years, I wondered when Ulta Beauty (NASDAQ:ULTA) was going to expand to Canada. "For me, the fact that the company hasn't touched the surface when it comes to international expansion like Canada says the company's growth story is very much intact despite the headwinds it might face," I wrote on August 23, 2017. Well, the beauty retailer finally announced May 30 that it was coming to Canada, after studying various countries to figure out where it would launch its international expansion. "International expansion represents an attractive and incremental long-term growth platform, which extends our core capabilities and leverages our value proposition," CEO Mary Dillon said on Ulta's Q1 2019 conference call. "We believe that the Ulta Beauty value proposition is very relevant and differentiated in multiple geographies around the globe and Canada is an attractive and logical place to start."Dillon is one of the best retail executives in the U.S. I'm sure she will do what's best for shareholders and figure out the right pace for opening stores in Canada. Although Sephora and Shoppers Drug Mart provide competition, Ulta's in-store experience combined with top-notch online sales provides a loyal customer base that spends more.With $521.8 million in cash and marketable securities, no debt, and a return on equity of 40.9%, ULTA shareholders can look forward to more growth when it hits Canada in late 2020 or early 2021. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits appeared first on InvestorPlace.
- Zacks•last month
Nike (NKE) Q4 2019 Earnings Preview: China, North America & More
Shares of Nike (NKE) have fallen nearly 4% over the last three months after the sportswear powerhouse warned Wall Street of slowing growth last quarter. Here's what to expect from Nike's top and bottom lines, as well as its key regions: China and North America.
- PR Newswire•last month
Basketball's Sneaker King, P.J. Tucker, Singer, Pia Mia and Actor, JD McCrary, Join Forces in Newest Edition of Foot Locker's Discover Your Air Campaign
NEW YORK, June 19, 2019 /PRNewswire/ -- To celebrate the impressive extremes that sneakerheads and basketball fans alike will go to get the kicks they've been dreaming of, Foot Locker released "The Letter," a comedic TV and digital spot that showcases just how far someone will go to get their hands on a coveted pair of Nike Air Max shoes. The ultimate sneakerhead, Houston Rockets forward, P.J. Tucker, singer and model Pia Mia, and actor JD McCrary star in the spot alongside a plethora of Nike Air Max silhouettes, ranging from the Air Max 95 to Air Max Plus as they fulfill what they believe to be a budding sneakerhead's dreams, with a humorous twist. "Everything we do at Foot Locker we do Because Sneakers, and we know our customer's every impulse and motivation revolves around their love of sneaker culture," said Patrick Walsh, Vice President of Marketing, Foot Locker North America.
- Zacks•last month
Ciena, Carrols, Children's Place, Stitch Fix and Foot Locker as Zacks Bull and Bear of the Day
Ciena, Carrols, Children's Place, Stitch Fix and Foot Locker as Zacks Bull and Bear of the Day
- Markit•last month
See what the IHS Markit Score report has to say about Foot Locker Inc.
Foot Locker Inc NYSE:FLView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is moderate for FL with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 14. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding FL are favorable, with net inflows of $11.49 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Zacks•last month
Foot Locker Down 28% in 3 Months: Is a Turnaround Likely?
Foot Locker (FL) grapples with soft margins due to high expenses. Nevertheless, the company is focusing on supply chain development, improvement of mobile and web platforms and expansion of data analytics capabilities.
- Benzinga•last month
Is Another Potential Acquisition Coming For Foot Locker? Analyst Looks At European Market
Foot Locker appears to be looking into investment or acquisition opportunities in Europe, according to a recruitment posting on one of the company’s websites, Svezia in an analyst note on Monday. Although the analyst says there is no concrete information to suggest any imminent announcements, the company appears to be looking to expand to the sneakerhead market in Europe by way of acquisition. “Foot Locker appears to be interested in investments or acquisitions in Europe in the mold of some of its recent activity over the last 18 months like GOAT Group and Carbon 38, in line with strategy laid out at its March Investor Day,” Svezia wrote in a note.
- Yahoo Finance Video•last month
600+ companies urge Trump to resolve Chinese trade dispute as retail sales rise
Some of the biggest names in retail are warning President Trump of the potential consequences over the trade war with China. Yahoo Finance's Zack Guzman, Sibile Marcellus & Heidi Chung discuss with National Taxpayers Union Senior Fellow Mattie Duppler
Yahoo Finance Video•last month'Ghostbusters' turns 35, and Foot Locker is celebrating the film in style
In honor of the 35th anniversary of cult-classic 'Ghostbusters,' Foot Locker teamed up with K-Swiss to launch the Villain Duo, a set of spooky sneakers inspired by monsters from the movie. Yahoo Finance's Reggie Wade joins The Final Round to discuss the partnership.
