3 Reasons Kroger Stock Will Keep Shining

Kroger is well-positioned to gain share in multiple sectors thanks to the current pandemic…

This story was originally published here.

From Feb. 29 to March 30, Kroger (NYSE:KR) stock rose by less than 1%. That doesn’t sound great, but Kroger performed much better than the overall stock market. And this trend isn’t stopping anytime soon. In the weeks and months ahead, KR stock is likely to continue its outperformance, driven by three main trends.

The first main trend is that supermarket sales are likely to keep growing. As the novel coronavirus spreads, Americans, fearing shortages and more closures, are buying in tremendous amounts. They are stocking up on canned goods, toilet paper, sanitizing lotion, bread, milk and meat.

Supermarkets are extremely busy and are selling a great deal of merchandise.

Kroger is apparently no exception to that trend. The supermarket chain has hired 23,500 workers in recent weeks and plans to add another 20,000 soon.

Here's why – and how you should play it…

Editor's Note: For the full story, click here. But Kroger isn't the only opportunity in this volatile market. Keep reading for more…

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