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Finally, US equities are beginning to see early signs of a correction, with the volatility index jumping 10% on the day as of this writing. That is not to say that I am expecting anything too severe, but a ‘garden variety' pull-back would be productive for the longer-term bull run.
The Kroger Co. (KR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
With Kroger selling off its specialty pharmacy business, it seems that retailers' efforts to pack more and more into their stores may not always be the right move. The Kroger Company announced plans to sell the business to CarelonRx, a subsidiary of Elevance Health, earlier this week, with the sale expected to close in the second half of the year.
Investors looking for stocks in the Retail - Supermarkets sector might want to consider either Kroger (KR) or Walmart (WMT). But which of these two companies is the best option for those looking for undervalued stocks?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Grocery-store chain Kroger (KR) is selling its specialty pharmacy business to U.S. health insurer Elevance Health (ELV).
Grocery store operator The Kroger Company plans to sell its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health. Kroger has entered into a definitive agreement for the sale, the company said in a Monday (March 18) press release.
The Zacks Retail - Supermarkets industry players benefit from robust omnichannel initiatives and sustained demand for essential products amid elevated costs. Walmart (WMT) and The Kroger Co. (KR) look well-placed for growth.
Kroger's NYSE: KR stock surged following the Q4 results and guidance, not because of any mind-blowing growth but because this high-quality cash-producing machine proved its worth. It is on track to deliver shareholder value with or without the merger with Albertsons Companies NYSE: ACI and is cheap to buy.
U.S. District Judge Adrienne Nelson on Monday set Aug. 26 as the start of a hearing on the Federal Trade Commission's bid for a preliminary injunction to block supermarket chain Kroger's $24.6 billion deal to buy smaller rival Albertsons.