IBD 50: Foot Locker Tops, But Street Isn't Impressed

Investors.com http://ift.tt/1z3wwRo Foot Locker stepped past third-quarter earnings and sales estimates Friday as the sports retailer continued to cash in on the basketball shoe buying craze. But after rallying early to a record 59.19, the IBD 50 stock reversed to end down 4% to 54.58 amid ongoing apparel woes. "It may be the belief that the company is executing at such a high level that it may be difficult to surpass ... which we disagree with," said Canaccord