Foot Locker's new price target and why we're psyched about DuPont's breakup plan

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market rotation: U.S. stocks are lower Friday, led to the downside by tech stocks after disappointing quarters from Dell Technologies , MongoDB , and Marvell Technology . Friday's weakness puts the S & P 500 on track for a decline of more than 1.5% this week. But it's not all negative.

"You always take phone calls if somebody wants to call you and propose something, sure, we're going to listen to it and you'd always make the analysis: Is there a different path that creates more value or not?" Breen explained. We've seen pushback on DD that the breakup length could keep the stock in a holding pattern until it is closer to the spin-off dates. However, a divestment of one part of the business could be a way to accelerate the unlocking of value.

Source: Digital Coin News (digitalcoinnews.net)

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