another positive for skx here
Shoe stocks back in favor after data suggests strong December
Jan 26 2016, 10:31 ET |
Shoe stocks are off and running today as investors rush back into some favorite names.
Deckers Outdoor (DECK +3.7%), Wolverine Worldwide (WWW +2.7%), Skechers (SKX +2.4%), Columbia Sportswear (COLM +2.5%), and Crocs (CROX +1.4%) are notable gainers.
Though a positive BAML note on Foot Locker could be factoring in a bit, it’s NPD data showing a strong month for athletic footwear sales (volume +10%, prices +3%) in December that’s really stirring up interest.
Nike’s (NKE +0.1%) hanging back a bit from the rally, with a higher exposure to China a potential factor.
Saul, when I read this today it reminded me so much of your old posts comparing SKX and UA that I imagined the author reading through your board and cherry-picking your best ideas!