Buy Foot Locker at its semiannual pivot at $38.92 or on a weekly close above its five-week modified moving average at $41.69. The stock is cheap with a P/E ratio of 8.26 and dividend yield of 3.84%.
It is the third time in the past four quarters that Synopsys has beat analyst estimates.
Stock advances as much as nearly 20% amid 4% same-store-sales growth and profit boost.
It wasn't a pickup in business that fueled the beat, it was a demonstration of fiscal management.
Baird upgrades the stock to outperform from neutral and raises its price target to $100.
Dick's Sporting Goods posts second-quarter sales that surpass analysts' forecasts and lifts its full-year outlook - another sign that the U.S. consumer remains alive and well despite signs of slowing economic growth.
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