Did Foot Locker Just Sound the "All Clear" Signal on Nike Stock?
![Did Foot Locker Just Sound the "All Clear" Signal on Nike Stock?](https://assets2.sharewise.com/attachment/file/89471/open-uri20171120-24880-70hs3x "Did Foot Locker Just Sound the "All Clear" Signal on Nike Stock?")
A touch of optimism can produce dramatic price swings in an out-of-favor stock. Foot Locker (NYSE: FL) shareholders experienced that happy dynamic last week when shares soared by over 20% following the footwear retailer's earnings report.
Nike (NYSE: NKE), its main supplier, also had a strong week as investors bet that good news for one company would likely translate into good news for the other.
Let's take a closer look at the report.
Source: Fool.com
Nike Inc. B Stock
€67.80
-0.860%
With 61 Buy predictions and 2 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 110 € shows a very positive potential of 62.24% compared to the current price of 67.8 € for Nike Inc. B.
