by Rick Pendergraft, Trades Of The Day • August 12, 2019
Stocks stumbled a little on Friday after the big gains on Thursday. All four of the main indices finished lower, but the big three finished well off the lows of the day. The Russell took the worst loss at 1.25% and the Nasdaq dropped 1.0% as the second worst performer. The S&P fell 0.66% and the Dow declined 0.34%. The Dow actually managed to move in to positive territory for a brief time late in the day.
Only two of the 10 main sectors managed to gain ground on Friday—utilities and healthcare. Both sectors finished with gains of 0.12%.
There were three sectors with losses greater than 1.0% and they were led by the tech sector which lost 1.13%.
The communication services sector fell 1.12% and the energy sector dropped 1.10% to round out the three.
After three straight days of positive skews over 100, my scans came back down to Earth.
There were 12 names on the bullish list and nine on the bearish list for a positive reading of three.
Because of the huge positive readings over the previous three days, the barometer remained elevated. The final reading on Friday was 78.2 after two straight days over 100.
After three straight bullish trade ideas and five out of the last six, I have a bearish idea for you today. The subject of today’s idea is Kroger (NYSE: KR). The company’s fundamental readings are simply average with an EPS rating of 49 and an SMR rating of a C. Both earnings and sales declined slightly in the most recent quarterly report.
Recent KR News
- Customer Appreciation Week Coming to Kroger • PR Newswire (US) • 09/24/2024 06:45:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/24/2024 02:33:35 PM
- Home Chef Brings Dietitian-Crafted, Kid-Tested Recipes from Kids Eat in Color® to its Family Menu • PR Newswire (US) • 09/23/2024 01:45:00 PM
- 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
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 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