The Dip in Kroger Stock Could Be a Gift. Here's How It Could Set You Up for Life.
Key takeaways
- KR NVDA Last Thursday was a rough day for Kroger (NYSE: KR) shareholders.
- A company posts $46.12 billion in quarterly revenue (beating expectations) and maintains its full-year guidance -- and yet the stock falls 8% because of a rounding error in earnings per share.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
KR NVDA Last Thursday was a rough day for Kroger (NYSE: KR) shareholders. The stock fell nearly 8% -- its largest single-day drop in close to five years -- after the grocery chain s first-quarter results landed one penny below Wall Street s earnings estimate. One penny. The irony of that drop is almost too on-the-nose for a company whose new CEO has spent his first 100 days publicly declaring that lower prices and more value for shoppers are his top priorities.
This is how the market works sometimes. A company posts $46.12 billion in quarterly revenue (beating expectations) and maintains its full-year guidance -- and yet the stock falls 8% because of a rounding error in earnings per share.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »