Jim Cramer Looked At These 11 Stocks Recently

5. Foot Locker, Inc. (NYSE:FL)

Number of Hedge Fund Holders: 35

Foot Locker, Inc. (NYSE:FL) was discussed during the episode, and here’s what Cramer had to say about the company:

“Of course, these days we see all sorts of wholesale revisions and no one knows how to value them either. This morning Foot Locker reported a terrific quarter, much better than expected. As CEO Mary Dillon’s turnaround plan takes hold, aided by Nike’s attempts to repair its relationship with actual shoe stores, nobody cared, too much ennui. Under the previous CEO, Nike, Nike didn’t really care for Foot Locker.

They wanted more of an emphasis on direct-to-consumer. It was stupid. That didn’t work out but Elliot Hill, the new CEO, is working very closely with Foot Locker, so is On Holding, so is Deckers, the owner of UGG and, and HOKA, so is Adidas… but people were way too gloomy to even note the same-store sales improvement this morning. That’s nonsense. I think it’s a genuine winner. I can go on and yes, despite all these positives, the stock only gained 89 cents because things are being valued incorrectly.”

Foot Locker (NYSE:FL) is a retailer specializing in footwear and apparel, offering a variety of brands such as Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos, each catering to different customer segments with a focus on athletic footwear and apparel.