Foot Locker(FL) was the best performing stock in the S&P 500 on Friday, following itsfourth quarter results.
Getty Images
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.
Top Performing Stocks To Invest In Right Now: SPX Corporation(SPW)
Advisors’ Opinion:
- [By Damon Churchwell]
These companies manufacture processing products used by industries such as food and beverages, oil & gas, and wastewater treatment, among others. They serve a wide range of end markets that are mostly poised for increased earnings and are likely to spend on capital projects. While these positive trends persist, flow technology companies’ prospects ought to remain favorable. Let’shighlight several sector participants, starting with a top selection,SPX(NYSE: SPW),.
Top Performing Stocks To Invest In Right Now: Codexis, Inc.(CDXS)
Advisors’ Opinion:
- [By Jim Robertson]
On Tuesday, our Under the Radar Moversnewsletter suggested taking a long/bullish position in small cap biocatalysts developer Codexis, Inc (NASDAQ: CDXS):
- [By Maxx Chatsko]
While companies with lower-priced shares are often riskier than those with higher prices, some companies trading under $5 per share have intriguing potential. Investors searching for overlooked growth opportunities should consider industrial biotech BioAmber (NYSE:BIOA), pharmaceutical services company Codexis (NASDAQ:CDXS), and one-trick-pony biopharma Keryx Biopharmaceuticals (NASDAQ:KERX).
Top Performing Stocks To Invest In Right Now: ePlus Inc.(PLUS)
Advisors’ Opinion:
- [By Monica Gerson]
ePlus Inc. (NASDAQ: PLUS) is estimated to post its quarterly earnings at $1.21 per share on revenue of $284.62 million.
Tilly’s Inc (NYSE: TLYS) is expected to post a quarterly loss at $0.07 per share on revenue of $119.93 million.
Top Performing Stocks To Invest In Right Now: Host Hotels & Resorts, Inc.(HST)
Advisors’ Opinion:
- [By Michael Flannelly]
Host Hotels and Resorts Inc (HST) announced early on Monday that it is raising its quarterly dividend payout from 11 cents per share to 12 cents per share, a 9.1% increase.
This quarterly dividend payout will be paid on October 15 to shareholders of record on September 30, with an ex-dividend date of September 26.
Host Hotels shares were inactive during pre-market trading on Monday. The stock is up 15.25% year-to-date.
- [By Dividends4Life]
Host Hotels & Resorts Inc. (HST) is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. Sept. 16, the company increased its quarterly dividend 9.1% to $0.12 per share. The dividend is payable on Oct. 15, 2013, to stockholders of record on Sept. 30, 2013. The yield based on the new payout is 2.6%.
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Host Hotels & Resorts, Inc. (NYSE: HST) which rose nearly 4% to $19.40. The stocks 52-week range is $14.69 to $20.21. Volume was 16.3 million compared to its average volume of 6.1 million.
Top Performing Stocks To Invest In Right Now: Adient plc (ADNT)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
In the Lightning Round, Cramer was bullish on Western Digital (WDC) , Twilio (TWLO) , Adient (ADNT) , Salesforce.com (CRM) , AT&T (T) and Verizon (VZ) .
