Kroger saw a welcome improvement to its Relative Strength (RS) Rating before the open on Thursday, with an upgrade from 73 to 86. It is currently trading lower.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they launch their biggest price moves.
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Kroger is not currently near a potential buying area. See if the stock goes on to form a base that could launch a new move.
Earnings Report
Kroger reported 22% EPS growth in its most recent report. Sales gains came in at 8%. Look for the next report as early as tomorrow. Not always a good move to buy a stock the day before earnings. Best to simply keep a close eye on the action after they report.
The company holds the No. 4 rank among its peers in the Retail-Super/Mini Markets industry group. Murphy USA and TravelCenters of America are also among the group's highest-rated stocks.
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