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Kroger Company (The)Kroger Company (The)Kroger Company (The)

Kroger Company (The)

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KR trade ideas

Wrong-way earnings play on Kroger offers opportunity to buyKroger reported blow-out earnings and sales today, handily beating both the Wall Street and Estimize consensuses. The stock is moving down, however, perhaps because this quarter's earnings were a blip and next quarter's earnings are expected to be in a more normal range. I could see the stock selling off over the next month or so as the "Covid-19 bump" goes away. However, some increased demand will remain over the next few quarters as consumers remain too scared to eat at restaurants. Next quarter's estimates are lower than the current quarter, but still quite a bit higher than 2019 YoY. Also, Kroger's increased cash flow this quarter will get reinvested into the business, leading to higher earnings in the future. Based on Zacks estimates of Kroger earnings for 2021, I estimate the stock's fair value at around $37 per share. We've got a support around $31 per share today, but the reality is that we probably will break that support and continue downward toward the volume support at $28.50. And since it's the slow season, I wouldn't even be surprised to see Kroger hit secondary volume support at $25. I will be scaling in as the stock falls, because I think Kroger is an attractive, dividend-paying investment for a recessionary environment.
NYSE:KR
by ChristopherCarrollSmith
6
Kroger - Buy the dip?Grocery giant Kroger ( NYSE:KR ) reported quarterly earnings of $1.22 per share, which beat the analyst consensus estimate of $1.09 by 11.93%. Kroger also reported quarterly sales of $41.55 billion, which beat the analyst consensus estimate of $40.72 billion by 2%. The stock quickly sold off at the open and the stock is down approximately 6% as of 2:00pm ET. The question I am asking myself is "Will Kroger bounce back up from here?" Aside from the positive fundamental data, a quick look at the chart above shows that Kroger rarely crosses below its 100 day exponential moving average. In the past, you can observe that when Kroger's stock price dips below the 100 day EMA, it tends to bounce back up and continue its prevailing trend. So, it is possible the 100 day EMA might act as a support area. Let's see what happens over the next few days.
NYSE:KRLong
by UnknownUnicorn6775423
Potential Long Trade on KrogerLooking for Kroger price to drop to 30.45 to complete the Butterfly pattern and enter in the the trade. Upon completion of the pattern we will look for the price to return up to 31.52 and a high target of 32.19. The trade would be off if the price drops to 29.73 or lower. What do you think about this happening? Disclaimer: I am not a You must be aware of the risks and be willing to accept them in order to invest in the Stock, Futures , Foreign Exchange and options markets. Don't trade with money you can't afford to lose. This website, product contents, and materials are neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our website or in any materials. The past performance of any trading system or methodology is not necessarily indicative of future results. Substantial risk is involved. Stock trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. AS A MATTER OF CONVENIENCE, NOTHING CONTAINED IN THIS ARTICLE CONSTITUTES A SOLICITATION, RECOMMENDATION, PROMOTION, ENDORSEMENT, OR OFFER BY THE AUTHOR, OF ANY PARTICULAR SECURITY, TRANSACTION, OR INVESTMENT. RESULTS VARY AND PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.
NYSE:KRLong
by cwfeldhaus
Kroger still has that $35 Threshold to PassFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. Last time I was WRONG. I was predicting Kroger was going to peak at $35, and it peaked at $34.50. Sorry, if you made $0.50 less as a turnover :). I became way better recently getting closer to these targets with confidence intervals, sine waves, resistance lines, and even looking at bollinger bands and/or moving averages. That being said, the real point of this post is that it looks like Kroger still has that $35 price point threshold it needs to pass. I am bullish on it for a low risk strategy.
NYSE:KRShort
by gamer456148