Monday, June 19, 2017 8:03:11 AM
Shares of Kroger Co (NYSE:KR) took a beating for the second day in a row. After warning on earnings yesterday, Amazon (AMZN) bought Whole Foods (WFM) today. All grocery plays fell off a cliff on fear that margins would be pressured. The panic was palpable and that is exactly what investors want to see to find great buys! Kroger Co hit major support at $21.50 and became a strong buy.
If logic takes control, investors will realize that even though Amazon is buying Whole Foods, they will not kill margins overnight. They need to integrate, change... etc. It will take years. They may not even be able to do much in the long-run to disrupt the grocery industry. In addition, it will likely force Kroger and other grocery players to adapt and become stronger. Valuation wise, this is a home run for a move back to $25.00 in the near-term. Logic confirms it as does the chart. See below...
Gareth Soloway
InTheMoneyStocks
Recent KR News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/20/2024 08:07:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2024 12:39:44 PM
- Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes • PR Newswire (US) • 09/20/2024 12:30:00 PM
- Kroger's Board of Directors Declares Quarterly Dividend • PR Newswire (US) • 09/19/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 07:07:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 07:02:27 PM
- Meta Strengthens Child Privacy on Instagram; Google Overturns $1.7 Billion Antitrust Fine; Snap Updates Spectacles • IH Market News • 09/18/2024 10:13:07 AM
- Kroger Celebrates Hunger Action Month • PR Newswire (US) • 09/17/2024 06:00:00 PM
- Home Chef Partners With Global Superstar Dolly Parton & Her Sister Rachel Parton George For Limited Run Meal Kits • PR Newswire (US) • 09/17/2024 02:00:00 PM
- Cakes Inspired by Disney and Pixar's Cars and Toy Story Available at Kroger • PR Newswire (US) • 09/16/2024 07:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 03:33:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 03:30:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/16/2024 12:40:33 PM
- Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes • PR Newswire (US) • 09/16/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 08:01:13 PM
- Kroger Named a "World's Most Trustworthy" Company by Newsweek • PR Newswire (US) • 09/13/2024 04:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2024 12:11:36 PM
- Kroger Reports Second Quarter 2024 Results and Updates Full-Year Identical Sales Without Fuel Guidance • PR Newswire (US) • 09/12/2024 12:00:00 PM
- U.S. Index Futures Climb Ahead of Key Economic Data Releases; Oil Prices Rise • IH Market News • 09/12/2024 10:04:12 AM
- Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes • PR Newswire (US) • 09/11/2024 10:54:00 PM
- Dell, Palantir, and Erie Will Be Added to the S&P 500; Boeing Avoids Strike; Apple Event Takes Place Today • IH Market News • 09/09/2024 10:05:35 AM
- The LPGA's Kroger Queen City Championship Presented by P&G Returns to Cincinnati Uplifting Women in Sports, Business and Education • PR Newswire (US) • 09/05/2024 05:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 01:46:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 12:21:01 PM
- Harris Teeter Pharmacy Encourages Community Well-Being by Offering Flu, COVID and RSV Vaccinations During Peak Seasons • PR Newswire (US) • 09/05/2024 11:00:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM