07.03.2016 - We forecast growth ofFoot Locker stocks

The stock price of Foot Locker may resume growth after the recent fall in connection with the expected increase in sales in the spring, as well as the development of a network of stores abroad. It is worth mentioning that earlier the company reported results for the 4th quarter according to which the profit totaled 158 million dollars against 146 million dollars during the same period last year. Besides sales exceeded 2 billion dollars against 1.91 billion dollars in the last quarter of 2014. According to our estimates, the company's shares can compensate the recent fall and rise by 10-15% in the coming weeks.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.