|Bid||1,002.52 x 200|
|Ask||1,003.70 x 200|
|Day's range||998.02 - 1,004.62|
|52-week range||682.12 - 1,017.00|
|PE ratio (TTM)||189.03|
|Earnings date||26 Jul 2017 - 31 Jul 2017|
|Dividend & yield||N/A (N/A)|
|1y target est||1,115.31|
Follow Up: Cigna | Follow Up: Red Hat | Review | Preview Foot Locker tumbled another 7% last week to close at $48.03, following a June 21 Goldman Sachs report that said Nike was “close” to an agreement to sell its wares on Amazon.com. Shares are down 20% since publication of a skeptical Trader view of the retailer’s outlook (“A Slowing Foot Locker,” May 27). A deal with the giant internet retailer would be one more crack in Foot Locker’s growth shield.
As an investment theme, cloud computing used to be greeted with skepticism. The poster child of that progression is Oracle (ORCL), which last week wowed Wall Street with a financial report that put to rest fears of the company being rendered obsolete by cloud computing. You can buy shares of Oracle for 16 times next fiscal year’s earnings and get a little cloud “exposure,” as they say, instead of spending 49 times projected earnings for the top cloud company, Salesforce (CRM), one of Oracle’s chief rivals.
Amazon.com’s pending takeover of Whole Foods Market could set off a digital arms race among grocers. JPMorgan this past week issued a list that includes chip stalwart Intel and young software players with fashionably wacky names like Shopify and Yext. NCR (NCR), based in Duluth, Ga., is a rising software star with the discount valuation of a legacy hardware player.