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Hits in the sporting goods sector after Dick's report

Published 11/15/2016, 12:34 PM
Updated 11/15/2016, 12:34 PM
Hits in the sporting goods sector after Dick's report

Hits in the sporting goods sector after Dick's report

  • Sporting goods chains Hibbett Sports (HIBB -4.6%), Foot Locker (FL -1.4%), Finish Line (FINL -2.4%) and Big 5 Sporting Goods (BGFV -3.1%) are all lower after Dick's issued weak profit guidance this morning.
  • The decline of the sporting goods sector also coincides with a generally weak day in retail, with the S&P Retail ETF (NYSEARCA:XRT) down 1.37% at last check. The retail sales report for October came in just fine this morning, but traders think the post-election sector rally may have jumped ahead of itself.
  • Previously: Weak guidance sends Dick's Sporting Goods lower (Nov. 15)

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