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
- Kroger Makes Celebrating Mom even Easier • PR Newswire (US) • 05/02/2024 05:00:00 PM
- Celebrate Derby Day Traditions with Kroger • PR Newswire (US) • 04/29/2024 02:00:00 PM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- Kroger, Albertsons Companies and C&S Wholesale Grocers, LLC Announce an Updated and Expanded Divestiture Plan • PR Newswire (US) • 04/22/2024 12:30:00 PM
- Kroger Invites Prospective Associates to Discover a Career • PR Newswire (US) • 04/17/2024 06:45:00 PM
- Sewing Down South for HD Designs Hits Kroger Stores Nationwide • PR Newswire (US) • 04/16/2024 02:00:00 PM
- Kroger Kicks Off a Latin Flavor Take Over Four-Week Event • PR Newswire (US) • 04/10/2024 02:15:00 PM
- Kroger Zero Hunger | Zero Waste Foundation Sponsors National STEM Festival • PR Newswire (US) • 04/09/2024 02:15:00 PM
- MCoBeauty, Coveted Australian Beauty Brand, Expands to the U.S. Market Available Exclusively at Kroger • PR Newswire (US) • 04/04/2024 06:00:00 PM
- Nutri-Grain® and King Soopers Join No Kid Hungry to Help End Summer Hunger for Colorado Kids and Families • PR Newswire (US) • 04/04/2024 05:58:00 PM
- Home Chef Launches New National Food Rescue Program • PR Newswire (US) • 04/02/2024 02:30:00 PM
- Kroger Invites Customers to Join in Celebration of Earth Month • PR Newswire (US) • 04/01/2024 03:15:00 PM
- Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News • IH Market News • 03/26/2024 11:20:49 AM
- /C O R R E C T I O N -- Home Chef/ • PR Newswire (US) • 03/25/2024 04:06:00 PM
- Oh Goodness Gravy! Home Chef Debuts its First-Ever Family Menu Collaboration with Hit Series Bluey • PR Newswire (US) • 03/25/2024 02:00:00 PM
- Unilever Initiates Ice Cream Division Spin-Off and Announces Job Cuts; Berkshire Ramps Up Share Buyback Efforts, and More • IH Market News • 03/19/2024 11:33:10 AM
- Kroger Announces Definitive Agreement for Sale of Its Specialty Pharmacy Business • PR Newswire (US) • 03/18/2024 08:15:00 PM
- Kroger Delivers Convenience and Fresh for Springtime Travelers • PR Newswire (US) • 03/15/2024 03:30:00 PM
- Kroger's Board of Directors Declares Quarterly Dividend • PR Newswire (US) • 03/14/2024 08:15:00 PM
- Kroger Debuts New Our Brands Seafood Items • PR Newswire (US) • 03/14/2024 05:33:00 PM
- Nutri-Grain® and Kroger Join No Kid Hungry to Help End Summer Hunger for Ohio Kids and Families • PR Newswire (US) • 03/14/2024 02:04:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 07:35:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 07:29:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 07:25:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 07:22:04 PM
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ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
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