|Bid||23.41 x 800|
|Ask||23.42 x 3000|
|Day's Range||23.27 - 23.69|
|52 Week Range||20.70 - 32.74|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||10.31|
|Earnings Date||Sep 11, 2019 - Sep 16, 2019|
|Forward Dividend & Yield||0.64 (2.70%)|
|1y Target Est||26.22|
Cincinnati-based grocery giant The Kroger Co. (NYSE: KR) has started selling topical products with hemp-derived cannabidiol, better known as CBD, in Houston and surrounding areas, according to an Aug. 21 press release. When Kroger announced in June that it would start selling products with CBD, the company said the products would be in 945 stores in 17 states. Now, those products are slated for 22 states, with the addition of Texas, Georgia, Montana, Utah and Virginia, per the Aug. 21 release.
Recession talk began percolating through financial markets about a year ago, around the same time that the trade war between the U.S. and China started heating up. Ever since, retail stocks have been killed, with the SPDR S&P Retail ETF (NYSEARCA:XRT) down about 24% over the past year.My take on the retail stock carnage? The sell-off is overdone, and what you have now is a golden buying opportunity ahead of what should be a really strong holiday 2019 shopping season.The U.S. economy is not heading into a recession anytime soon, mostly because the consumer is rock solid and they drive two-thirds of U.S. economic output. You have favorable labor conditions (record low unemployment and decade-high wage growth) on top of favorable credit conditions (low and dropping rates, and record high credit scores) and favorable savings conditions (a near twenty-year high personal savings rate).InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's a favorable backdrop for U.S. consumers. It implies that, all else equal, U.S. consumers will spend big this holiday season. * 10 Marijuana Stocks That Could See 100% Gains, If Not More The trade war could derail the U.S. consumer. But, such concerns are overstated. My theory: U.S. President Donald Trump's recent tariff threat is just a chest puff to get the Federal Reserve to cut rates. Once he gets those lower rates, Trump will pull back the tariff threats, because he doesn't want a weak economy heading into an election year.Thus, by the end of 2019, we will have a U.S. economy with low rates, reduced trade tensions, and strong labor conditions. That's a favorable backdrop for retail stocks to bounce back into the end of the year. Retail Stocks to Buy on the Dip: Target (TGT)Source: jejim / Shutterstock.com % off 52 Week High: 3%At the top of this list of retail stocks to buy is general merchandise giant Target (NYSE:TGT).The bull thesis here is pretty simple. Target has been firing on all cylinders for the past several years, as the company has doubled down on growing its e-commerce business and expanding its omni-channel capabilities. These investments have produced decade-best comparable sales and traffic growth metrics for the past several quarters.In other words, this company has a ton of momentum at the same time that the U.S. consumer has a lot of purchasing power. That's a favorable combination. Ultimately, it means that as U.S. consumers turn higher wages into higher retail spend over the next few months, a big portion of that increased spend will find its way into Target stores and onto Target.com.The result? Continued strong comparable sales and traffic growth into the end of the year. That continued red-hot growth should push TGT stock to new all-time highs. Kroger (KR)Source: James R. Martin / Shutterstock.com % off 52 Week High: 30%Second on this list of retail stocks to buy amid recent weakness is America's largest grocer, Kroger (NYSE:KR).Kroger stock has been killed over the past year -- 30% off 52 week highs -- mostly because investors have been concerned about competition impacting top- and bottom-line growth trends. Specifically, investors have continued to express concern with regards to Target, Walmart (NYSE:WMT), and Amazon (NASDAQ:AMZN) all more aggressively moving into the grocery space.But, the Target/Walmart/Amazon push into groceries isn't anything new. It has been happening for a while now. While it has created some margin pressures, Kroger has largely maintained positive comparable sales and traffic growth amid this era of heightened competition (some would say thanks to Kroger's booming private label business).The implication? Kroger will maintain its leadership position in the stable growth grocery market for the foreseeable future. This grocery market is doing really well right now (3.3% sales growth over the past three months), and should continue to do well so long as labor conditions in the U.S. remain favorable. There's also the underrated CBD tailwind which may provide a lift to Kroger's numbers.Thus, into the end of the year, Kroger should report better-than-expected numbers which will breathe life back into this beaten up and dirt cheap KR stock. Five Below (FIVE)Source: Jonathan Weiss / Shutterstock.com % off 52 Week High: 25%Third on this list of retail stocks to buy on the dip is one of the retail sector's best-performing stocks over the past few years, rapidly expanding discount retailer Five Below (NASDAQ:FIVE).Over the past five years, Five Below has leveraged its unique sales proposition -- selling trendy items at $5 or less -- to drive consistently positive comparable sales growth which, on top of big unit expansion (Five Below is opening roughly 100 stores per year on a few-hundred-big store base), has driven steady 20%-plus revenue growth. The positive comps have driven positive operating leverage, too, so profit growth has likewise been north of 20%. Against the backdrop of 20%-plus profit growth, FIVE stock has gained nearly 195% over the past five years.This red-hot rally in FIVE stock has hit a road bump over the past year. Elevated trade tensions and the the threat of more tariffs have weighed on Five Below investor sentiment, and FIVE stock presently trades 25% off its 52-week highs.But, this is purely a sentiment issue. Fundamentally, nothing has changed. Last quarter, Five Below reported a 3%-plus rise in comparable sales, a 20%-plus rise in revenues, and 10 basis points of gross margin expansion. Management also said that they could offset higher costs from tariffs with price hikes. * 10 Marijuana Stocks to Ride High on the Farm Bill Thus, the fundamentals remain strong. Because of this, as trade concerns ease over the next several months, investor sentiment surrounding FIVE stock should meaningfully improve, and drive a big rebound rally in FIVE stock. Foot Locker (FL)Source: Roman Tiraspolsky / Shutterstock.com % off 52 Week High: 40%Next up we have beaten-up athletic footwear retailer, Foot Locker (NYSE:FL).The big problem at Foot Locker is that this company finds itself at the epicenter of the trade war. The athletic apparel industry sources a lot of product from China. That means a lot of Foot Locker's core products are subject to tariffs in the U.S.-China trade war. That translates into higher costs and lower margins, since Foot Locker can't pass on the costs to consumers in an already competitive athletic apparel market.Investors have been obsessed with this potential negative margin hit from the trade war. As such, despite the company reporting positive comps and margin expansion last quarter, FL stock has dropped to trade 40% off its 52-week highs.The writing is on the wall here -- the only way FL stock rebounds, is if trade tensions between the U.S. and China cool down. As I wrote in the intro to this gallery, I think that's exactly what will happen into the end of the year, given that neither side wants these trade tensions to escalate much further.As trade tensions cool down, investor sentiment will improve. That improving sentiment will converge on strong back-half 2019 numbers from Foot Locker, supported by a healthy U.S. consumer and favorable athletic apparel adoption trends. This convergence should propel a meaningful recovery in beaten up FL stock. Best Buy (BBY)% off 52 Week High: 20%One retail stock which looks particularly compelling amid recent weakness is consumer electronics retailer Best Buy (NASDAQ:BBY).When it comes to BBY stock, there's the long-term bull thesis, and there's the near-term bull thesis. With respect to the long-term bull thesis, you have a company that has established itself as the go-to retailer in the secular growth consumer electronics market. Long story short, the consumer electronics space is rapidly expanding, thanks to secular tailwinds which are pushing supply higher (every product is becoming integrated with the internet these days) and pushing demand higher (consumers want all these internet-connected devices).Best Buy is a big-moat, wide-reach, very-relevant player in this rapidly expanding market, and as such, is positioned to report healthy top and bottom line growth over the next several years. Those healthy growth trends will keep dirt-cheap BBY stock -- 11.2-times forward earnings -- on a long term uptrend.In the near term, BBY stock will move higher because cooling trade tensions and strong back-half 2019 numbers, driven by favorable labor conditions, will converge on a beaten up stock to produce out-sized returns. * The 10 Best Cheap Stocks to Buy Right Now Overall, then, BBY stock looks ready for a big rebound rally in the back half of 2019, the likes of which should keep this stock on a long-term winning trajectory. Under Armour (UAA)Source: 2p2play / Shutterstock.com % off 52 Week High: 30%Those who read my writing know that I am not a big fan of Under Armour (NYSE:UAA). But, the recent sell-off in UAA stock is so overdone, that this stock has become a compelling buy for a holiday 2019 rally.The fundamental story here is easy to digest. As I have said before, Under Armour is the wrong company in the right market, in that they have exposure to the secular growth athletic apparel space, but have missed the lifestyle pivot and remain a performance-first brand. That's why this company has been among the slowest growers in this space for the past several quarters (although the company is benefiting from big margin expansion thanks to a depressed base).Nothing about this narrative has changed. Under Armour remains a performance-first brand, with a low single-digit revenue growth rate and big margin drivers. What has changed, though, is that UAA stock has tumbled 30% in the past two weeks because of an earnings report that wasn't that bad, and because of tariff concerns which were overstated.Now, UAA stock is dramatically undervalued and testing long term support levels. The stock has held those support levels, trade tensions should ease going forward, and holiday 2019 numbers should be better than what's priced in right now. As such, while Under Armour has its secular challenges, UAA stock looks like a good buy on this recent big dip. Wayfair (W)Source: Jonathan Weiss / Shutterstock.com % off 52 Week High: 35%Last, but not least, on this list of retail stocks to buy on the dip for a holiday 2019 bounce is online furniture retailer, Wayfair (NYSE:W).Wayfair finds itself on this list for the same reasons that Under Armour finds itself on this list. Specifically, Wayfair has dropped big over the past two weeks because of overstated trade concerns, and is now testing long term support levels which appear ready to hold. If they do hold, history says Wayfair stock could be due for a huge bounce-back rally into the end of 2019.The fundamentals line up with this bull thesis. Wayfair has a profit problem in that the company has never produced a profit. That's a big problem when rates are climbing, since higher rates dilute the value of future profits (which is where Wayfair stock gets all of its value, since there are no profits today). But, it's less of a problem when rates are falling, since lower rates increase the value of future profits.Right now, we are in a very low rate environment. That actually helps support Wayfair stock's lofty valuation. At the same time, low rates promote big ticket purchases - of which, housing and home furnishings are two of them.As such, Wayfair appears ready to report better than expected back-half 2019 numbers, against a favorable valuation backdrop. Thus, the fundamentals line up with the technicals here, and from all angles, Wayfair stock appears ready to rally into the end of the year.As of this writing, Luke Lango was long TGT, KR, WMT, AMZN, FIVE, FL, BBY, and UAA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post 7 Retail Stocks to Buy on the Dip appeared first on InvestorPlace.
Aurora Cannabis (NYSE:ACB) is continuing to spread its bets across product lines and markets far and wide. With a market cap now standing at $5.9 billion, the Edmonton, Canada-based marijuana stock is the second-largest cannabis company in the sector just behind Canopy Growth (NYSE:CGC) of $9.25 billion.Source: Shutterstock On Monday, Aurora Cannabis announced that it completed its acquisition of Hempco Food and Fiber, a producer of hemp-based fiber and nutritional supplements such as CBD products. The aggressive move into the small but rapidly expanding CBD market will give Aurora a definite leg up into penetrating the U.S. market, where sales are starting to boom.Despite news of the expansion, ACB stock closed down slightly and is now trading at $5.84, well off its 52-week high of $12.52.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCertainly, investors have cooled off to ACB stock since earlier this year with many believing it is still overvalued in comparison to Tilray (NASDAQ:TLRY) or Hexo (NYSE:HEXO). Yet, taking a long-term prospective, ACB may be a solid value play if it gets closer to its 52-week low of $4.58. * 10 Marijuana Stocks That Could See 100% Gains, If Not More Here are three key reasons why ACB is a good long-term play: Aurora Cannabis Has Rock-Bottom Production CostsAurora Cannabis has certainly been on an acquisition binge since it was first founded in 2006. The acquisition of Hempco was just the latest in a string of ACB stock acquiring more production assets, including the takeover last year of CanniMed Therapeutics for $1.1 billion as well as MedReleaf in a $3.2 billion.In fact, since 2016 Aurora has closed on 18 strategic acquisitions across the entire cannabis production value chain. But now, it commands enormous scale, with operations in five continents, 25 countries and 15 global production facilities. By 2020, ACB stock will have put online a production capacity of 625,000 kgs per year. Eventually, Aurora Cannabis estimates that average production costs given their huge economies of scale will fall to be well below $1 per gram. The long-term winners of the pot stock market will likely be those producers who can implement scale in order to minimize production costs. The U.S. CBD Market Is Already Alive and KickingThe most important reason for ACB's acquisition of Hempco may be the U.S. hemp market. After the U.S. legalized hemp last year, various CBD products from hemp are expected to pop up in drug stores from coast to coast.CBD can be found in a wide range of healthcare products, including skin ointment, infused beverages and CBD oil. The U.S. CBD space is heating up, and many major retailers want to get into that market. This month, the grocery chain Kroger (NYSE:KR) announced it would start selling Charlotte Web's (OTCMKTS:CWBHF) hemp products. In fact, Canopy Growth is investing about $150 million in building a hemp industrial park in New York state where CBD is already legalized acquired AgriNextUSA last March specifically to expand hemp production. ACB Stock Owns the Supply Chain and Creates Brand EquityACB may be the leader among marijuana stocks in terms of focusing on the high end of the cannabis market in order to maximize average selling price. Aurora Cannabis stock invests heavily in research and development to create a marketable brand name and valuable intellectual property. Through global expansion, Aurora is is spending to buy its own distribution channels and establish leadership in key international markets. Size and ownership of distribution channels should allow ACB stock to focus on the highest margin products, notably branded medical marijuana.The weeks ahead may certainly see choppy waters for ACB stock. But given its long-term fundamentals, size, scale and investment in brand equity, Aurora Cannabis stock will be a decent long-term value if it gets any cheaper.As of writing, Theodore Kim does not have any position in the above-mentioned stocks. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Aurora Cannabis Doubles Down on U.S. CBD Market appeared first on InvestorPlace.
A recession isn't guaranteed. With each passing day, however, an economic downturn becomes increasingly likely. At the very least, we should expect some broader correction in the markets due to timing issues. After all, we're on a record-breaking bull run. That alone should help adjust how we approach which stocks to buy.Moreover, evidence exists all around us that we'll incur a recession. Obviously, the biggest factor here is the U.S.-China trade war. President Donald Trump has aggressively prosecuted his economic rivalry with China, but his efforts have yielded almost nothing fruitful. And while he has succeeded in damaging the world's second-biggest economy, domestic stability is starting to fracture.This might lead to both sides inking a deal, thereby rendering moot the demand for recession-proof stocks to buy. However, the trade war may have accelerated certain vulnerabilities past the tipping point. More significantly, the trade war has impacted other nations including Germany. Due to uncertainties over the U.K. leaving the European Union, export-dependent Germany risks falling into a recession.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Undervalued Stocks With Breakout Potential And if that happens, it will send a ripple effect throughout the world. Therefore, it doesn't hurt to be prepared. Here are 10 recession-proof stocks to buy: Waste Management (WM)Source: rblfmr / Shutterstock.com This is perhaps the ultimate irony. In an article about recession-proof stocks to buy, I'm here talking about Waste Management (NYSE:WM). Although seemingly an illogical idea, it's actually not. You see, Americans produce a massive amount of waste, or roughly 230 million tons of it every year. Right there you have a legitimate bullish argument for WM stock.Due to the almost inhuman rate at which we throw junk away, landfills throughout the country have been nearing capacity. To help remedy this situation, we've been exporting our recyclables to China. We've mixed our trash with our recyclables, but Chinese workers have sifted through the junk to find recyclable items. However, trade war tensions destroyed this relationship, which might be a benefit to WM stock.Why? With China and other countries rejecting our trash, land earmarked for waste will jump to a premium. And I don't think it's any surprise that WM stock is one of the strongest-performing recession-proof stocks to buy. Procter & Gamble (PG)Source: Jonathan Weiss / Shutterstock.com I couldn't think of a more boring name than Procter & Gamble (NYSE:PG). Known everywhere for their household goods, the company specializes in such compelling products like diapers, detergent and over-the-counter anti-diarrhea medicine. But if you want to protect yourself with recession-proof stocks to buy, boring is usually best.The markets fully agree with this basic assessment. On a year-to-date basis, PG stock has gained over 33%. Moreover, shares have charted a very clean and consistently rising trend channel. This has been accentuated only by brief moments of volatility. Plus, shares have recovered well from the 800-point drop in the Dow Jones Industrial Average in mid-August. * 10 Marijuana Stocks to Ride High on the Farm Bill But will PG stock continue to trek higher? If we head toward a recession, this is one of the few names that will give you confidence. That's because practically everything that Procter & Gamble sells is a necessity, whether we have a downturn or not. Home Depot (HD)Source: Ken Wolter / Shutterstock.com In discussions about recession-proof stocks to buy, Home Depot (NYSE:HD) comes up often. I believe that's the case because HD stock has both bullish and bearish catalysts.When things are going well, Home Depot benefits from more construction activity. During downturns, its revenue streams are somewhat insulated because repairs and renovations don't wait for recessions. And since other sectors are doing poorly in bear markets, HD stock wins over defensive-minded investors.Unsurprisingly, Home Depot shares have performed well this year, gaining about 30%. However, HD stock has offered up a turbulent ride toward those returns, worrying some onlookers.That said, the company received some good news. Due to the repercussions of the U.S.-China trade war, Home Depot's suppliers are shifting manufacturing from China to other countries like Taiwan or Vietnam. That translates to a significant mitigation of the trade war impact, bolstering the argument for HD stock. Dollar General (DG)Source: Jonathan Weiss / Shutterstock.com I've said this before, but the best recession-proof stocks to buy have the most straightforward and logical arguments. Under this context, you should definitely consider adding Dollar General (NYSE:DG) to your portfolio.Simply put, DG stock is a direct play on consumer behaviors during an economic downturn. What do most people do when job opportunities run dry? They buckle in for a long financial winter. For many folks, that translates into doing whatever is necessary to save money, including shopping at dollar-only stores.Another factor benefiting DG stock is that such stores offer comprehensively great deals. For instance, I once picked up a can opener for a buck. To this day, this cheap can opener has never failed me, whereas a $12 variant from a big-box retailer might not last a year. * 10 Stocks to Buy on the Trade War Dip Overall, I think this is the reason why DG stock is up nearly 30% YTD. During this period of extended saber-rattling and worrisome economic metrics, Dollar General has become incredibly relevant. Kroger (KR)Source: Jonathan Weiss / Shutterstock.com Over the years, I haven't shown much love toward grocers like Kroger (NYSE:KR). A big reason why is competition. Not only do you have disruptive organizations like Amazon (NASDAQ:AMZN) encroaching into the arena, big-box retailers like Walmart (NYSE:WMT) and Target (NYSE:TGT) offer one-stop-shop solutions, which include groceries. Thus, KR stock has a steep uphill climb to navigate.Furthermore, I have been right on my hesitancy toward KR stock. However, with Wall Street now shifting their focus to recession-proof stocks to buy, Kroger suddenly looks much more interesting. Of course, some serious risks abound. For instance, shares are down 15% YTD. This is also a company within an industry that depends on high volume to compensate for the low margins.However, KR stock has an advantage during downturns. As a strictly grocery specialist, Kroger can offer lower prices due to bulk shipments. Furthermore, Amazon's disruptive acquisition, Whole Foods Market, probably won't do so well in a recession. Thus, don't overlook KR in your search for recession-proof stocks to buy. Ross Stores (ROST)Source: Andriy Blokhin / Shutterstock.com If you're like me, you probably don't care too much about fashion trends: you just buy whatever looks best on you. And for that reason, I love off-season discount retailers like Ross Stores (NASDAQ:ROST). I get to buy brand-name shoes and apparel, simply because they weren't popular enough or they're a few months old. Millions feel the same way, which supports the case for ROST stock during bull markets.But even in bear markets, ROST stock is compelling. That's because recessions don't happen like a light switch. A decline in GDP doesn't immediately evoke images of a dystopian nightmare. Instead, people do normal things, but with a more cost-conscious mindset. Logically, this environment benefits ROST stock. * 10 Stocks Under $5 to Buy for Fall The markets have agreed with this assessment. Currently, ROST stock is up over 29% YTD. Moreover, shares have so far handled the August volatility well, moving up slightly for the month. Therefore, this is another name to keep on your list of recession-proof stocks to buy. Kirkland Lake Gold (KL)Recession-proof stocks to buy don't always have to be so boring and predictable, as Kirkland Lake Gold (NYSE:KL) proves. As you might deduce from the name, KL stock is a precious metals mining investment. And I really love gold and silver in this particular market setup.Primarily, I say this because the Federal Reserve is essentially greenlighting gold and silver prices to jump to all-time records. How? In late July, the Fed announced that they will cut benchmark interest rates, a first since 2008. Later, the yield curve inverted, which basically forces the central bank to cut rates further to flatten the curve.Generally speaking, these actions are inflationary for the U.S. dollar. And that is good for gold and silver prices, which in turn benefits KL stock.Another factor bolstering shares is the political stability of their projects. Largely doing business in Canada and Australia, these two nations have stable infrastructures and are allied with the U.S. With precious metals moving higher, KL stock just seems like a no-brainer. AMC Entertainment (AMC)Source: Sundry Photography / Shutterstock.com Unfortunately, cineplex operator AMC Entertainment (NYSE:AMC) hasn't panned out as I had hoped. Of course, the critics would blast me for even thinking about AMC stock. In a world where streaming giant Netflix (NASDAQ:NFLX) dominates the content-entertainment ecosystem, AMC seems anachronistic, like a time-traveling DeLorean.A major reason why AMC stock hasn't performed to speculators' expectations is this year's movie offerings. In my opinion, it's a very slow season for Hollywood. Furthermore, it won't get better until Disney (NYSE:DIS) releases its highly anticipated "Star Wars" film.But as a speculative play among recession-proof stocks to buy, I like my chances with AMC stock. No matter what, humans are social creatures. Therefore, no amount of streaming will change our hardwired psychology to interact with others. * The 10 Best Cheap Stocks to Buy Right Now Plus, AMC represents (relatively) cheap entertainment. Even with buying outrageously priced popcorn and drinks, you're still better off at the box office than at a typical NFL game. And during a downturn, that pricing advantage is a huge tailwind. RCI Hospitality (RICK)If you're looking for viable recession-proof stocks to buy, RCI Hospitality (NASDAQ:RICK) isn't an equity that you would put on your portfolio. Instead, you would recommend RICK stock to your "friend," who utilizes the company's services frequently. In fact, your "friend" probably has a problem receiving too much hospitality.Joking aside, RICK stock is one of the most interesting and controversial recession-proof stocks to buy. In the aftermath of the Great Recession, several gentlemen's clubs reported that business was booming. Psychologically and practically, I understand why. Men need an outlet after suffering humiliation at work. On the other hand, some women are willing to provide acrobatic hospitality when opportunities run dry.Of course, this is a really shady way of profiting from a possible downturn. However, if you're truly agnostic about your portfolio, RICK stock offers a pathway to survive and thrive. Anheuser Busch Inbev (BUD)Source: legacy1995 / Shutterstock.com I must admit that I don't feel too terrible about suggesting RICK as one of the better recession-proof stocks to buy. Ultimately, I see this activity as consenting adults doing adult things.However, I feel almost shameful about discussing Anheuser Busch Inbev (NYSE:BUD). It's not because of their underlying product. Few things are as American as having a cold one at a backyard barbeque. Instead, it's the reason behind it: BUD stock may outperform your expectations during a recession.Why is that? According to health-related studies, an economic recession correlates with increased imbibing. That's not a surprise. After all, who hasn't knocked back a few to take the edge off a stressful situation?But the question is, should you profit from this narrative? If you feel that this is also a case of adults being adults, check out BUD stock. Bud Light is the top-selling beer in America. And due to its price point, it's very attractive during a recessionary period.As of this writing, Josh Enomoto is long gold and silver bullion, and AMC stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 10 Stocks to Own Through a Global Recession appeared first on InvestorPlace.
The Kroger and Walgreens partnership is expanding this fall with more Kroger Express locations.Source: Jonathan Weiss / Shutterstock.com Kroger (NYSE:KR) and Walgreens (NASDAQ:WBA) are going to expand the pilot of Kroger Express to include locations in Knoxville, Tenn. This expansion will have 35 Walgreens stores in the area begin carrying Kroger's Our Brands products.According to a news release detailing the expanding Kroger and Walgreens partnership, many of these stores will offer roughly 2,700 products from Kroger. However, there will be some locations with a more limited selection of 2,300 goods.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe types of products that customers will be able to find at Walgreens stores through Kroger Express will range greatly. This includes meat, produce, dairy, frozen foods, Home Chef meal options and more.The Kroger and Walgreens partnership also includes other benefits for customers to take advantage of. Among these is the option for Kroger Pickup at locations that support Kroger Express. This allows customers to order products ahead of time and simply pick them up at the store.Another part of the Kroger and Walgreens partnership includes the latter's products starting to show up in the former's stores. This will have 17 Kroger locations carrying a curated selection of products from Walgreens. * 10 Marijuana Stocks to Ride High on the Farm Bill "Walgreens customers have responded very favorably to the Kroger Express pilot in Northern Kentucky," Richard Ashworth, President of Operations at Walgreens, said in a statement. "As a result, we're exploring more ways to offer customers an enhanced, more convenient shopping experience."KR stock was up 1% and WBA stock was up slightly as of Wednesday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio As of this writing, William White did not hold a position in any of the aforementioned securities.The post Kroger Express: Kroger and Walgreens Partnership to Expand This Fall appeared first on InvestorPlace.
Home Depot (NYSE:HD) earnings beat analyst estimates, sending the stock up in pre-market trade Aug. 20.Source: Ken Wolter / Shutterstock.com Investors even ignored warnings from management about trouble ahead.The home improvement retailer earned $3.479 billion, $3.17 per fully diluted share, on revenue of $30.839 billion, for the quarter ending in July.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis beat estimates of $3.12 per share of earnings but missed estimates of $31.1 billion in sales. The company also trimmed its outlook for the full year, based on worries about tariffs. Come for the DividendThis didn't stop the party. Even at its expected opening price of $213 per share on Aug. 20, Home Depot's dividend of $1.36 per share still yields 2.5%, and it's fully supported by earnings.With a government 30-year bond yielding 2.05%, that's a bargain for income investors. Especially since the dividend has nearly tripled over the last 5 years from 47 cents. * 10 Undervalued Stocks With Breakout Potential It means that if you got into Home Depot stock five years ago, when it was trading at $93 per share, you're getting a yield of nearly 6% on that investment, along with capital gains of about 22% each year. That's the very definition of a dividend aristocrat.Home Depot has been such a good stock, for so long, that it now represents 5.5% of the Dow Jones Industrial Average, which it joined in 1999, replacing Sears. Stay for the GrowthSince joining the Dow, Home Depot shares have resisted two sharp recessions. The company has even proven resistant to Amazon (NASDAQ:AMZN), making it a unique investment proposition.Growth has accelerated in recent years, from a $6 billion gain in sales to an $8 billion gain pace. The company is now the fifth largest U.S.-based retail company, behind Walmart (NYSE:WMT), Amazon, Costco Wholesale (NASDAQ:COST) and Kroger (NYSE:KR).The current interest rate environment could cause another jump in Home Depot's price. Fundamentals are strong, growth looks sustainable and the dividend is high relative to other income instruments.Home Depot bears were worried going into earnings over beating last year's sales, the state of the home remodeling market, and the fact that earnings per share are constantly buoyed by stock repurchases. But these voices are being drowned out, as are those of management, which lowered its guidance for the year at its conference call. Why the Pop?Home Depot stock rose after earnings because it was making up for ground lost to the trade war and global growth fears. HD stock shed more than $10 during August, even crossing a technical sell signal.While the company is known to skew male, it has recently been improving its home decor selection to appeal to women. The focus on textiles and furnishings can help in "staging" homes for re-sale, which also appeals to core customers.While young homebuyers are acquiring older, smaller houses, Home Depot executives say they're still interested in big projects as their home values rise. This should maintain the company's sales momentum. Home Depot Stock Is the Best Retail Buy Right NowHome Depot is the best retail stock to own now. While Costco shares have matched its march upward over the last five years, Costco's dividend yields less than 1%. Home Depot remains devoted to its dividend, it supports the stock with buybacks, and that dividend now yields more than a 30-year bond.That's why investors are ignoring warnings that the stock market is high, that Home Depot stock may be technically stretched, even management's own concerns about the future. They're buying with both hands because, in the current market, Home Depot is a genuine bargain.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and KR stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Home Depot Earnings: Is Trouble Brewing for HD? appeared first on InvestorPlace.
CINCINNATI, Aug. 20, 2019 /PRNewswire/ -- Kroger Health recently received the CPPA Community Pharmacy Practice Accreditation through the National Association of Boards of Pharmacy® (NABP®). The CPPA accreditation recognizes Kroger Health's ongoing commitment to help people live healthier lives through the continued acceleration of clinical services with their more than 2,200 pharmacies across the nation.
What's Next for Walmart Stock and a Target earnings preview on the latest episode of the Full-Court Finance podcast from Zacks Investment Research.
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Today, Kroger (KR) and Walgreens Boots Alliance (WBA) announced the expansion of their strategic partnership. Let's look at the details.
Kroger Co. is expanding its partnership with drug store chain Walgreens to another market after its successful test of the concept in Northern Kentucky.
Kroger Co. said Monday that it will expand its Kroger Express and Kroger Pickup pilot program to 35 stores in the Knoxville, Tenn. area. These stores will feature items that vary by location, but will include merchandise from Kroger's Our Brands. Other items can include fresh meat and produce and Home Chef meal kits. Most will feature all of the 2,300 items found at a Kroger Express, some will include as many as 2,700 items. Kroger Pickup allows customers to order digitally and pickup in stores. The Knoxville pilot will also include an expansion of a pilot that will put Walgreens' owned-brand items like No7 in 17 Kroger stores this fall. The original pilot for this program launched in northern Kentucky last year. Kroger stock has fallen 17.6% for the year to date, Walgreens stock has has taken a 26.8% tumble, and the S&P 500 index is up 15.2% for the period.
Retailers introduce Kroger Express in 35 additional Walgreens stores and launch Walgreens' owned-brand health and beauty products in 17 Kroger stores CINCINNATI and DEERFIELD, Ill. , Aug. 19, 2019 /PRNewswire/ ...
Kroger Co. put aggressive promotions in place in one of its key markets to cut prices last quarter, narrowing the premium it charges over Walmart. But one analyst still has concerns.