Kroger had its Relative Strength (RS) Rating upgraded from 67 to 75 Wednesday -- a welcome improvement, but still below the 80 or better score you look for.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks often have an 80 or better RS Rating as they launch their biggest runs. See if Kroger can continue to rebound and clear that threshold.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
Earnings News
While earnings-per-share growth declined in the company's most recently reported quarter from 22% to 13%, sales grew 9%, up from 8% in the previous report.
The company holds the No. 8 rank among its peers in the Retail-Super/Mini Markets industry group. TravelCenters of America and Ingles Markets are also among the group's highest-rated stocks.
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