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Saturday, November 20, 2010

Shoe Stocks Untie! NKE, CROX, DECK, SKX

Nike (NYSE: NKE) smashes through to a new 52-week high today as the company boosted its dividend to 31 cents from 27 cents. The stock is up over 4% on the bullish sign that the shoe market is healthy. Deckers Outdoor (NASDAQ: DECK) is leading the way in the sector, up over 5%, reaching a new 52-week high. Skechers (NYSE: SKX) is following suit and rose over 5% as well. Investors have been bearish on Skechers lately and the stock has performed rather poorly. Crocs (NASDAQ: CROX) jumped over 3% as well, hitting a 52-week high.

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