TheStreet’s Jim Cramer is keeping an eye on Foot Locker (FL) and Abercrombie & Fitch (ANF) Friday when both companies release their latest quarterly earnings before the opening bell. Cramer says Abercrombie has ‘guided down, guided down, guided down and since then the stock has been popping. Can that game continue? I don’t know. I don’t like teen apparel.’ The company is expected to post earnings of $0.22 a share on revenue of $862.9 million for the quarter. Cramer says for Foot Locker, ‘we’re going to look for read-through for Nike (NKE)…and we’re going to look for read-through for Under Armour (UA). Under Armour has been under a lot of pressure. Nike is down a little bit. I do like Nike and I want to hear from Foot Locker affirmation that Nike sales, at least domestically, remain strong.’ Analysts polled by Thomson Reuters are expecting Foot Locker to post earnings of $0.95 a share on $1.78 billion in revenue for its third quarter.
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