Foot Locker Rising
Shares of Foot Locker (FL), a sportswear retailer, surged 10.83% to $24.6 per share as the company posted strong earning for the first quarter with 13.3% increase in sale and 76% surge in net income. The company also raised its dividend by 10% to $0.165 per share or annual yield of 2.68%. Technical chart shows strong bullish trend with both 50 day and 200 day moving average rising.
Silver Price Collapsing - ProShares UltraShort Silver
Price of silver has plunged for 4 straight days and is down more than 27% since the high on Friday. So one way to play the plunge in silver price is to invest in ETF named ProShares UltraShort Silver(NYSE:ZSL) which seeks daily investment results that correspond to twice (200%) the opposite of the daily performance of silver. And since Friday the ETF has gained more than $10 or 70% from $13.63 per share to today's close of $24.34 per share. The increase in volume shows lots of interest on this ETF.