Foot Locker Builds Up Another Head of Steam; Gains Imminent 
Sometimes, you just can't keep a good stock down. Foot Locker, Inc. (NYSE: FL), whose investors often feel like they're on a non-stop rollercoaster, is once again starting to rally. It had been having a solid couple of months up until the start of March, gaining 140% since last August's multi-year low. For context, at the time, Footlocker stock, which had briefly fallen below $16, was back trading at 2010 levels — so it's clearly still in recovery mode. But with a triple-digit gain under its belt, it makes sense that investors could think that 2024 might be the year of some consistent gains, uncheckered by sudden drops. The SIX WORDS That Could Destroy America... And The Value of Your Savings.
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Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run. Click here now to get your copy. Getting Involved Beyond Evercore's upgrade, the team at Citi felt momentum shifting to the bulls and upgraded their rating on Foot Locker shares at the end of last week. While they stopped short of moving the stock to a full Buy rating, they were confident enough that most of the downside was already baked into the share price to remove their Sell rating. With the stock continuing to gain throughout the week so far, investors should look for more bullish updates in the coming weeks. Technically, the stock needs to close above last month's high of $35 to reconfirm the uptrend is intact, and that will require further gains in the region of 25%. The ongoing disappointment in Nike Inc. (NYSE: NKE) and Lululemon Athletica Inc. (NASDAQ: LULU) won't help, as sentiment towards the athletic retail industry as a whole is weak. But if any stock can cover that kind of ground in a short time, it's Foot Locker. Written by Sam Quirke Read this article online › Featured Articles: | 
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