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Nike and Lululemon have the upper hand on Under Armour when it comes to the stocks' potential. Same goes for Foot Locker over Finish Line, according to Credit Suisse analysts.
Nike is most likely to be negatively impacted by Foot Locker's results, according to Jim Cramer. Based on how the stocks are reacting, he appears to be correct.
Foot Locker stock tumbles on earnings, dragging down names like Finish Line, Nike and Under Armour.
Major indexes held gains Thursday following passage of a $1.5 trillion U.S. tax bill that will slash corporate taxes.
Finish Line reported better-than-expected earnings and boosted its guidance. It's good for Nike for obvious reasons, but another underlying beneficiary could be Macy's.