Investors who expect Foot Locker Inc. to rebound after falling the most in five months yesterday should buy bullish options on the largest U.S. athletic shoe store chain, Susquehanna Financial Group LLLP said.
Foot Locker Inc. , the largest U.S. athletic shoe store chain, surged to its highest in New York trading in more than three years after reporting third-quarter earnings that topped analysts’ estimates.
U.S. stocks rose, with the Standard & Poor’s 500 Index erasing losses to close at a record, as data showing stronger-than-forecast jobs growth overshadowed concern the situation in Ukraine could worsen.
It wasn’t long after Ericsson AB Chief Executive Officer Hans Vestberg was identified as a contender for the top job at Microsoft Corp. before phones were ringing off the hook at the telecom supplier’s Stockholm offices.
Chief executive officers at companies ranging from Honeywell International Inc. to JetBlue Airways Corp. said that a prolonged shutdown of the U.S. government has the potential to jeopardize the economic rebound.