Kroger Goes Shopping: 6 Stocks in 60 Seconds

by Alyssa Oursler | July 10, 2013 8:18 am

Kroger (KR[1]), which already was the nation’s largest grocery store chain, announced that it is buying smaller, higher-end rival Harris Teeter (HTSI[2]) for $2.5 billion in cash — a move welcomed by InvestorPlace feature writer Dan Burrows[3]. As he put it, “By buying Harris Teeter — which had $4.5 billion in revenue last year — Kroger adds 212 higher-end (read: higher-margin) stores to its already impressive base.”

Big-name enterprise tech operators continue to struggle[4]. This week, Goldman Sachs downgraded shares of IBM (IBM[5]) in anticipation of a slowdown in the company’s generally high-growth emerging markets. IBM reports earnings on July 17.

More bad tech news: Apple (AAPL[6]) announced that it is reducing iPhone production[7] for the second half of the year by 20%. The stock has been struggling — as you likely know — but many think it may finally be bottoming[8].

Barnes & Noble (BKS[9]) CEO William Lynch resigned after three years on the job in the face of the Nook e-reader’s failure. InvestorPlace editor Jeff Reeves’ take: the bookseller is doomed[10].

While Alcoa (AA[11]) kicked off Q2 earnings season Monday[12], all eyes will be on banks[13] as the week comes to a close. Wells Fargo (WFC[14]) and JPMorgan (JPM[15]) both will release earnings this Friday.

Sirius XM Radio (SIRI[16]) gained more than 3% yesterday after announcing it now has more than 25 million subscribers. The satellite radio provider, which also raised its full-year outlook, has been helped by strong auto sales.

Check out past “6 Stocks in 60 Seconds” clips here.[17]

For more videos, like us on Facebook[18] or follow us on Twitter[19]. As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities. Follow her on Twitter: @alyssaoursler[20].

  1. KR:
  2. HTSI:
  3. welcomed by InvestorPlace feature writer Dan Burrows:
  4. continue to struggle:
  5. IBM:
  6. AAPL:
  7. reducing iPhone production:
  8. finally be bottoming:
  9. BKS:
  10. the bookseller is doomed:
  11. AA:
  12. kicked off Q2 earnings season Monday:
  13. banks:
  14. WFC:
  15. JPM:
  16. SIRI:
  17. Check out past “6 Stocks in 60 Seconds” clips here.:
  18. like us on Facebook:
  19. follow us on Twitter:
  20. @alyssaoursler:

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