Grocery stores are fiercely competitive. Health and wellness trends are requiring more of grocery stores, and the industry is paying more attention to food delivery. After a dynamic 2014, grocery stores will likely see even more change-ups in 2015 as the economy continues to strengthen and nutrition remains on the national agenda.
As competitive as the food industry is, some grocery stocks are trading at a significantly higher volume than the majority.
When I looked at the market, three grocery stocks in the consumer sector jumped out at me in my latest research.
My Turner Analytics system, which uses sophisticated software and tools to screen over 6,000 stocks and exchange-traded funds based on fundamental and technical research, has flagged all five of these tech stocks as “strong buys” right now.
Turner Analytics is unlike any other trade-timing tool out there, marrying both fundamental and technical analysis to zero in on big winners. My fundamental components include an analysis of a company’s financials and operations that will drive up the demand for shares, while my technical ratings tell you exactly when to buy and when to sell.
Want a peek into the future? My tools provide a unique and uncannily accurate time-cycle forecasting component for broad market and sector-based tickers, as well as 90-day future forecasts of individual stocks and ETFs.
Just today, for example, my market-timing trade-bias research is screaming that there is a big potential in the consumer sector right now. This area of the market is flashing a strong bullish rating via my Turner Analytics tool, meaning there is a tailwind for every company in this segment of the market.
And on top of that, among consumer stocks, my system has identified some very strong companies right now that have even more potential than their peers.
Take a look at the charts on these big-time potential winners!
Grocery Stores With Great Charts Now – Kroger Co (KR)
Kroger Co (KR), together with its subsidiaries, operates as a retailer in the U.S. Kroger also manufactures and processes food for sale in its supermarkets. Kroger reported earnings in early December and had yet another solid quarter. KR stock’s total sales rose by 11.2% year over year, and same-stores sales were up 5.6% year over year.
My Turner Analytics tool shows impressive quarter-over-quarter as well as year-over-year earnings growth for KR stock.
Grocery Stores With Great Charts Now – Whole Foods Market, Inc. (WFM)
Whole Foods Market, Inc. (WFM) operates as a retailer of natural and organic foods. As of February 13, 2014, Whole Foods operated 373 stores in the U.S., Canada and the U.K. WFM stock has been on a roller-coaster ride this year but is now on Wall Street’s good side.
My Turner Analytics tool shows that the technical signal for WFM stock gets a perfect 35 out of 35 score.
3 Grocery Stores With Great Charts Now – Safeway Inc. (SWY)
Safeway Inc. (SWY) operates as a food and drug retailer in the U.S. Safeway has somehow managed to stay competitive even though it is one of the smaller grocery chains.
My Turner Analytics tool shows impressive year-over-year earnings growth for SWY stock.
Mike Turner and his team of software engineers developed Turner Analytics, a sophisticated software market and trade-timing system that provides unbiased, quantifiable recommendations on thousands of equities and rates, ranks and scores these equities from best to worst in an easy-to-use on-line tool for individual investors. He is also the editor of Signal Investor.