Kroger shares rose sharply after strong third quarter financial results, but traders are watching these key levels.
Kroger stock is cheap, with a P/E ratio of 14.18 and a reasonable dividend of 2.48% . This is a turnaround story.
American supermarket chains, an automotive parts maker, a home goods retailer and a discount department store chain were highlighted as potential targets.
Its massive scale, use of data and store diversification remain key advantages over its competitors.
Kroger won't house its data with Amazon's cloud as the e-commerce giant becomes a competitor.
After December tax-loss selling sends their prices down yet more, beaten-down stocks often rebound.
Absent a 'transformational event,' it will be almost impossible to change Kroger's narrative.
In the first week that Amazon owned Whole Foods Market, price cuts were able to lure a lot of customers away from competitors.
No companies are completely recession proof, but some industries perform better in a weak economy than others.
A period of heightened investment is expected to drag on growth as Kroger wards off new competition.