Shares of retail and apparel companies are trading lower in sympathy with Foot Locker, which lowered its 2023 financial outlook.
Portfolio Pulse from Benzinga Newsdesk
Retail and apparel stocks are trading lower following Foot Locker's downward revision of its 2023 financial outlook.
May 19, 2023 | 2:11 pm
News sentiment analysis
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NEGATIVE IMPACT
American Eagle Outfitters' stock is trading lower in sympathy with Foot Locker's lowered 2023 financial outlook.
As Foot Locker's lowered 2023 financial outlook impacts the retail and apparel sector, American Eagle Outfitters' stock is also trading lower due to the negative sentiment in the industry.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Burlington Stores' stock is trading lower in sympathy with Foot Locker's lowered 2023 financial outlook.
Burlington Stores' stock is also affected by Foot Locker's lowered 2023 financial outlook, as the negative sentiment in the retail and apparel sector causes a decline in stock prices.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Five Below's stock is trading lower in sympathy with Foot Locker's lowered 2023 financial outlook.
Five Below's stock is also trading lower due to the negative sentiment in the retail and apparel sector caused by Foot Locker's lowered 2023 financial outlook.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Foot Locker lowered its 2023 financial outlook, causing a decline in retail and apparel stocks.
Foot Locker's lowered financial outlook for 2023 has led to a decline in retail and apparel stocks, as investors react to the negative news. This directly impacts Foot Locker's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
VF Corporation's stock is trading lower in sympathy with Foot Locker's lowered 2023 financial outlook.
VF Corporation's stock is also affected by the negative sentiment in the retail and apparel sector due to Foot Locker's lowered 2023 financial outlook, causing a decline in stock prices.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80