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Investors across the country are variously cheering and mourning the election of Donald Trump as U.S. president. In some cases, they’re pressing their financial planners into double duty as therapists. Or grief counselors.
In San Francisco, where Trump won 9% of the vote, people seem depressed, said Milo Benningfield, a financial adviser based in the Presidio, next to the Golden Gate Bridge.
Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Zillow reports that Trumps policies could cost first-time homebuyers more as construction workers benefit from higher pay.
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Best Gold Stocks To Watch Right Now: Foot Locker, Inc.(FL)
- [By Teresa Rivas]
Foot Locker(FL) was the best performing stock in the S&P 500 on Friday, following itsfourth quarter results.
Foot Locker rose $6.43, or 9.4%, to $75.01, while theS&P 500 rose3.53 points, or 0.15%,to 2367.34.
The retailer reported better-than-expected earnings and sales Friday morning.
Susquehanna’s Sam Poserdoubled down on his bullish take on the stock earlier today, boosting his price target from$83.00 to $86.00 this afternoon:
Foot Locker’s solid 4Q16 print underscores our belief that FL is essentially peerless when it comes to engaging customers in athletic specialty footwear. FL came away unscathed from the 4Q mall malaise, posting SSS of 5.0% (incl. +LSD traffic), beating Street EPS estimates, growing gross margin, and ending the quarter extremely clean from an inventory perspective. FL speaks to its customers better than peers and has positioned the brand at the center of sneaker culture, making its stores the go-to place for cool sneakers. In our view, it has become virtually irrelevant which sneaker brands, styles, or categories are hot since FL owns “cool” in sneakers, wherever that may be.
However, CFRA’s TunaAmobi lowered his rating on the stock from Strong Buy to Buy, although he raised his earnings estimates:
We raise our FY18 (Jan.) EPS estimate by $0.05 to $5.30 and set FY19′s at $5.75. Jan-Q adjusted EPS of $1.37 vs. $1.16, was $0.05 above Capital IQ consensus. Sales and comp sales each rose 5%, on relatively encouraging trends through the holiday season. EBIT margins widened 170 basis points, on improved merchandise margins and some expense leverage. Underscoring some further traction, FL sees FY18 comp sales up in the mid-single digits and EPS up in the double-digits. We keep our 12-month target price of $80 (1.8% yield on 13% dividend hike), on FY18 P/E of 15.1X, near peers.
Foot Locker is up 5.8% sinc
- [By WWW.THESTREET.COM]
As we’ve seen this quarter, there are retailers that are thriving in an e-commerce world, mainly TJX Stores (TJX) , Foot Locker (FL) , Ulta (ULTA) and Burlington Stores (BURL) . But for the department stores like Nordstrom and rival Macy’s (M) , there may be no way to change the tide.
- [By Matt Hogan]
SKX is also highly attractive in a relative basis when compared to several of its publicly traded peers: Foot Locker, Inc. (NYSE: FL), Deckers Outdoor Group (NYSE: DECK), Wolverine World Wide, Inc. (NYSE: WWW) and Columbia Sportswear Company (NASDAQ: COLM). The company's forward EBITDA multiple of 6.9x is equal or below all of the comparable companies: FL (6.9x), DECK (7.6x), WWW (10.1x) and COLM (10.8x).
- [By WWW.THESTREET.COM]
But then there was good news from rail transport company CSX (CSX ) , which saw growth in every one of its business lines. Foot Locker (FL) also surprised to the upside, sending shares up a quick 5.3%. Cramer fave and Action Alerts PLUS holding KeyCorp (KEY) also delivered, as did paint maker Sherwin-Williams (SHW) .
Best Gold Stocks To Watch Right Now: BB&T Corporation(BBT)
- [By Ben Levisohn]
We believe investors should continue to own three types of bank stocks: “Return of Capital (RC) Stocks”, “Risk On (RO) Stocks”, and “Multiple Revaluation (MR) Stocks.” RC stocks include M&T Bank (MTB), PNC Financial Services Group (PNC), and SunTrust Banks (STI); RO stocks include Bank of America, Popular (BPOP), Citigroup, JPMorgan, and KeyCorp (KEY); and MR stocks include BB&T (BBT) and PNC Financial Services Group (PNC).
Best Gold Stocks To Watch Right Now: LCA-Vision Inc.(LCAV)
- [By Lisa Levin]
Medical Practitioners: This industry jumped 2.82% by 10:15 am. The top performer in this industry was LCA-Vision (NASDAQ: LCAV), which rose 2.9%. LCA-Vision’s trailing-twelve-month revenue is $91.12 million.
Best Gold Stocks To Watch Right Now: BiondVax Pharmaceuticals Ltd.(BVXV)
- [By Chris Lange]
BiondVax Pharmaceuticals Ltd. (NASDAQ: BVXV) reported that the scientific journal “Vaccine” published an article citing results from its flu vaccine. The “Vaccine” article, Back to the future: Immunization with M-001, reports that blood plasma samples from people who received M-001 in 2011 (as part of BiondVax’s BVX-005 clinical trial in the elderly) showed significantly increased protective antibodies against the new epidemic 2014/15 flu strain (A/Swiss) – a strain which did not exist when M-001 was administered to the BVX-005 participants.
Best Gold Stocks To Watch Right Now: Nabriva Therapeutics AG(NBRV)
- [By Lisa Levin]
Shares of Nabriva Therapeutics plc (NASDAQ: NBRV) got a boost, shooting up 10 percent to $9.71. Nabriva Therapeutics announced a $80 million common stock offering.
- [By Lisa Levin]
Nabriva Therapeutics plc (NASDAQ: NBRV) shares shot up 37 percent to $9.38 after the company disclosed that its Phase 3 trial evaluating IV and oral lefamulin met all primary FDA and EMA endpoints.