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].

Endnotes:
  1. KR: http://studio-5.financialcontent.com/investplace/quote?Symbol=KR
  2. HTSI: http://studio-5.financialcontent.com/investplace/quote?Symbol=HTSI
  3. welcomed by InvestorPlace feature writer Dan Burrows: http://investorplace.com/2013/07/kroger-buys-harris-teeter-a-smart-move/
  4. continue to struggle: http://investorplace.com/2013/07/stay-away-from-enterprise-tech-stocks/
  5. IBM: http://studio-5.financialcontent.com/investplace/quote?Symbol=IBM
  6. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  7. reducing iPhone production: http://investorplace.com/2013/07/tuesday-apple-rumors-iphone-production-slashed-by-20/
  8. finally be bottoming: http://investorplace.com/2013/07/trade-of-the-day-apple-aapl/
  9. BKS: http://studio-5.financialcontent.com/investplace/quote?Symbol=BKS
  10. the bookseller is doomed: http://slant.investorplace.com/2013/07/barnes-and-noble-nook-tablet-doome/
  11. AA: http://studio-5.financialcontent.com/investplace/quote?Symbol=AA
  12. kicked off Q2 earnings season Monday: http://slant.investorplace.com/2013/07/alcoa-earnings-dont-matter-just-buy-aa-stock-now/
  13. banks: http://investorplace.com/2013/06/7-reasons-bank-stocks-are-a-buy/
  14. WFC: http://studio-5.financialcontent.com/investplace/quote?Symbol=WFC
  15. JPM: http://studio-5.financialcontent.com/investplace/quote?Symbol=JPM
  16. SIRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIRI
  17. Check out past “6 Stocks in 60 Seconds” clips here.: http://investorplace.com/hot-topics/6-stocks-in-60-seconds/
  18. like us on Facebook: http://www.facebook.com/investorplace
  19. follow us on Twitter: https://twitter.com/InvestorPlace
  20. @alyssaoursler: https://twitter.com/alyssaoursler

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